56,000 Layoffs and Counting: India’s IT Bloodbath This Year May Just Be the Start

An anonymous reader quotes a report from Quartz: For Indian techies, 2017 was the stuff of nightmares. One of the top employment generators until a few years ago, India’s $160 billion IT industry laid off more than 56, 000 employees this year. Some analysts believe this spree was worse than the one during the 2008 financial crisis. Meanwhile, hiring plummeted, with entry-level openings having more than halved in 2017, according to experts. Tata Consultancy Services (TCS) and Infosys, two of India’s largest IT companies and once leaders in job creation, reduced their headcounts for the first time ever. Even mid-sized players like Tech Mahindra retrenched several employees. Compared to the normal rate of forced attrition (i.e. asking non-performers to leave) of around 1% in earlier years, 2017 saw Indian IT companies letting go of between 2% and 6% of their employees, said Alka Dhingra, general manager of IT staffing at TeamLease Services. Infosys cut 9, 000 jobs in January. “Instead of 10 people, what if we have three people to work on (a project). If we don’t have the software, then some others will take the advantage (away from us), ” Vishal Sikka, the former CEO of the Bengaluru-based company, said in February. Meanwhile, around 6, 000 Indian employees at Cognizant reportedly lost their jobs to automation. Read more of this story at Slashdot.

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56,000 Layoffs and Counting: India’s IT Bloodbath This Year May Just Be the Start

Facebook’s ‘Lite’ app has over 200 million users (updated)

Just because you’re using Facebook Lite , it doesn’t mean you want to compromise on features. Neither do any of the 200 million users worldwide taking advantage of the bare-bones version of the app. Fortunately, there’s an update that rolls out many missing features today such as the ability to Like, Comment and Share posts. Facebook created Lite as a pared down version of its main app in 2015 for lower-end Android phones with spotty network connections. COO Sheryl Sandberg was keen to outline the benefits that users of the standalone app are getting. Business users, for example, can use the more feature-rich update to reach mobile-only and mobile-first customers while using less data. Performance improvements are a given with any update, especially when the company wants to assure a fast, reliable connection to the social network no matter what. Facebook has also found that people who use Facebook Lite tend to share phones, so it has provided an easier way to log on and off their accounts in this new update. The update brings Facebook Lite to more regions, including the definitely not emerging markets of South Korea, Israel, the United Arab Emirates, and Italy. It’s available in 150 countries in addition to the original eight of Bangladesh, Vietnam, Nigeria, Nepal, South Africa, Sudan, Sri Lanka and Zimbabwe. Update : Contrary to the information we initially received, Facebook has confirmed it added Like/Comment/Share support to the Lite app last March, when it announced over 100 million monthly active users. We have updated this post to reflect that. Source: Sheryl Sandberg (Facebook) , Facebook Lite

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Facebook’s ‘Lite’ app has over 200 million users (updated)

US Navy decommissions the first nuclear-powered aircraft carrier

It’s the end of an era for the US sea power, in more ways than one: the Navy has decommissioned the USS Enterprise (CVN-65), the world’s first nuclear-powered aircraft carrier. The vessel launched in 1961 and is mainly known for playing a pivotal role in several major incidents and conflicts, including the Cuban Missile Crisis, the Vietnam War and the 2003 Iraq War. However, it also served as the quintessential showcase for what nuclear ships could do. Its eight reactors let it run for years at a time, all the while making more room for the aircraft and their fuel. As you might guess, the decommissioning process (which started when the Enterprise went inactive in 2012) is considerably trickier than it would be for a conventional warship. It wasn’t until December 2016 that crews finished extracting nuclear fuel, and the ship will have to be partly dismantled to remove the reactors. They’ll be disposed of relatively safely at Hanford Site, home of the world’s first plutonium reactor. It’s hard to know what the long-term environmental impact of the ship will be — while there’s no question that the radioactive material is dangerous, this isn’t the same as shutting down a land-based nuclear power plant . Whatever you think of the tech, the ship leaves a long legacy on top of its military accomplishments. It proved the viability of nuclear aircraft carriers, leading the US to build the largest such fleet in the world. Also, this definitely isn’t the last ( real-world ) ship to bear the Enterprise name — the future CVN-80 will build on its predecessor with both more efficient reactors and systems designed for modern combat, where drones and stealth are as important as fighters and bombers. It won’t be ready until 2027, but it should reflect many of the lessons learned over the outgoing Enterprise’s 55 years of service. Source: US Navy

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US Navy decommissions the first nuclear-powered aircraft carrier

Cyberattackers Hijack Screens at Two Vietnam Airports, Broadcast Political Messages

An anonymous reader quotes an article from the Washington Times: Hackers on Friday successfully pulled off cyberattacks against Vietnam’s two largest airports and the nation’s flag carrier, Vietnam Airlines. The attacks — attributed to a Chinese hacking group known as 1937CN — ultimately failed to cause any significant security issues or air traffic control problems, Vice Minister of Transport Nguyen Nhat told local media. Nonetheless, the individuals briefly hijacked flight information screens and sound systems inside Noi Bai and Tan Son Nhat airports in Hanoi and Ho Chi Minh City, respectively… Instead of departure and arrival details, the airports’ flight screens and speakers broadcast what local media described as anti-Vietnamese and Philippines slogans, in turn prompting authorities to shut down both systems… Vietnam Airlineâ(TM)s website, meanwhile, “was seized control and transferred to a malicious website abroad” and… passenger data pertaining to an undisclosed number of its frequent flyers was published online as well, the airline said in a statement. Local media on Friday said about 100 MB of data concerning roughly 40, 000 VMA passengers had been dumped online. Read more of this story at Slashdot.

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Cyberattackers Hijack Screens at Two Vietnam Airports, Broadcast Political Messages

Hackers steal $12 million from an Ecuadorian bank via SWIFT

Earlier this week reports showed another round of SWIFT-related cyber heists , this time targeting banks in Ecuador. A new report in Reuters sheds light on what actually happened to the high-tech thieves’ $12-million loot. Apparently, they moved $9 million to 23 banks in Hong Kong and $3 million to Dubai and other parts of the world. Wells Fargo transfered sums with the total value of $9 million to the accounts of four companies at HSBC and Hang Seng Bank based on authenticated SWIFT transactions. The hackers then distributed the money to what are believed to be phoney business accounts. Similar to the recent Bangladesh and Vietnam bank attacks, the thieves’ scheme involved the use of the SWIFT messaging platform. Banks use SWIFT’s platform to make financial transfers between each other, and cyber thieves typically send out fraudulent SWIFT messages requesting for funds to be routed to dummy accounts. In Bangladesh Bank’s case, the thieves used the SWIFT credentials of the institution’s employees to request several transfers to accounts overseas. They got off with $80 million, which would have been much larger ($1 freaking billion) if they didn’t misspell the word “foundation.” The hackers could have easily accessed the employees’ credentials, because the bank lacked a proper firewall. It’s not clear if that’s also what happened in Ecuador, but the thieves obviously had the same MO. American banks are now looking more closely into SWIFT’s security after news of these cyber heists surfaced. SWIFT (which stands for Society for Worldwide Interbank Financial Telecommunication) itself is working on a five-point security plan to prevent similar events in the future. Source: Reuters

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Hackers steal $12 million from an Ecuadorian bank via SWIFT

Vietnam’s Tech Boom: a Look Inside Southeast Asia’s Silicon Valley

rjmarvin writes: Vietnam is in the midst of a tech boom. The country’s education system is graduating thousands of well-educated software engineers and IT professionals each year, recruited by international tech companies like Cisco, Fujitsu, HP, IBM, Intel, LG, Samsung, Sony, Toshiba and others setting up shop in the southern tech hub of Ho Chi Minh City and the central coastal city of Da Nang. Young Vietnamese coders and entrepreneurs are also launching more and more startups, encouraged by government economic policies encouraging small businesses and a growing culture around innovation in the country. Read more of this story at Slashdot.

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Vietnam’s Tech Boom: a Look Inside Southeast Asia’s Silicon Valley

China’s Dredging In the South China Sea Created 2,900 Acres of New Islands

We’ve known for years that China’s military is spearheading one of the biggest land reclamation projects ever in the middle of the South China Sea. But a report from the Pentagon yesterday says that the project is far larger than previously thought: 2, 900 acres of new land has been created—roughly tripling the size of the entire group of natural islands. Read more…

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China’s Dredging In the South China Sea Created 2,900 Acres of New Islands

Major Government Spying Service Supplier Hacked, 400GB of Data Stolen

An Italian company called Hacking Team , which supplies intrusion and surveillance tools to governments and law enforcement agencies, has been hacked. The intruders have made off with 400GB of data which is now being leaked online. Read more…

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Major Government Spying Service Supplier Hacked, 400GB of Data Stolen

China is Building Fake Islands to Bolster Its Claim to Disputed Waters

Pity the poor mapmaker assigned to the South China Sea. The hotly disputed waters in the Pacific are torn between competing claims from all the countries that surround it. China, especially, has been aggressive and sly. It’s now dumping sand onto small reefs and shoals, building whole new islands to bolster its territorial claims . Read more…

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China is Building Fake Islands to Bolster Its Claim to Disputed Waters

$10 million yacht tips over on its maiden voyage

Well, that’s not supposed to happen. Not when you spend 10 million dollars on a 90-foot yacht. Not when that $10 million 90-foot yacht is embarking on its maiden voyage. Not when a boat, let a lone a $10 million 90-foot yacht, is never supposed to tip over sideways. Read more…

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$10 million yacht tips over on its maiden voyage