The Biggest Hack Ever Discovered

The Security Experts at McAfee have discovered the biggest cyber attack in the history which has infiltrated the networks of the United Nations, various governments and many multinational companies.

McAfee’s security experts who uncovered this attack believed a “specific country” was behind these attacks. Though they didn’t take any name, but hinted that Chinese hackers and possibly Chinese Government was behind these attacks.

This attack was not done over night rather it was a 5 year long operation code named “Operation Shady Rat”. McAfee came to know about these attacks in March when it was reviewing the contents of one of its servers.

Governments of United States, India, Taiwan, South Korea, Vietnam and Canada were some of the targets. Some of the International agencies like Southeast Asian Nations (ASEAN), the International Olympic Committee (IOC), the World Anti-Doping Agency were also targeted. Big tech giants were also targeted but their names and information were not disclosed.

Our take on this news is that if China is behind these attacks, it is acting like a coward who just wants to bully other nations and sometimes its own people. China should not forget that the countries that it targeted were one of the biggest contributors in its GDP.

What do you guys think about these attacks? Are these attacks an act of cowardice or is it an ugly display of power?

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Sales Up For Amazon But Profit Goes Down

Amazon announced that its sales were up nearly 50% in the second quarter thanks to its E-reader Kindle which is doing fairly well business in North America. It also said that though sales were on rise, profit figures, instead of improving, went down.

Amazon announced on Tuesday that due to its large investment in business, its profit figures were not upto to the mark. Amazon’s huge leap in sales is mostly due to Kindle, which is proving to be the best product by the company so far.

According to Amazon, its revenue increased to a bulky $9.91 million but its profit fell down to$191 million. Amazon co-founder Jeff Benzos said that,”Low prices, expanding selection, fast delivery and innovation are driving the fastest growth we’ve seen in over a decade.”

This Seattle based company earlier made money by selling and trading various items online. Recently it launched an E-reader by the name of Kindle which is available in both 3G and Wi-fi models. Its 3G based model is carried by the American telecom giant AT&T.

Amazon is currently investing heavily in China, where it has seen tremendous growth. It is rumored that Amazon’s new Kindle models will be released first in China.

Will investment in the most populous country with cheapest labour available help Amazon’s growth in the long term?

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Fake Apple Stores Raided By Chinese Authorities

Fake Apple stores were raided by Chinese authorities following a cry out in news forums about fake Apple stores being operated in China. These stores resemble real ones so much that a large number of customers were purchasing their items.

Some of these stores claim that though they are not real outlets of Apple Inc., their products are real and are bought from genuine Apple dealers.

Officials found that there were 5 fake Apple stores being operated in a city called Kunming. Authorities banned two of them to operate and the remaining were allowed to sell their products as no fake Apple products were found in their stores.

These fake stores were being reported since the last week in various news forums. Officials claim that they have inspected around 500 stores in the district and only 5 were found to violate the Apple norms.

Chinese retailers have often been alleged with piracy issues. China is the world’s largest electronic goods manufacturer as well as consumer. Each and every single electronic item has a cheap replica available in China.

Now, Apple has not commented on any of these news. But seeing Apple’s past experience with piracy issues, it is almost certain that it will take a strict action against such stores.

Photo Courtesy of Yutaka Tsutano
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