Saturday, June 2, 2012

The Wait is Over ? 21st Century Personal Finance Tools Have Finally

The Wait is Over ? 21st Century Personal Finance Tools Have Finally Arrived!











Rochester, NY (PRWEB) May 31, 2012

With tens of millions of Americans struggling with consumer debt burdens and millions trying to save their homes from foreclosure, it is shocking that 19th Century personal finance tools remain the primary option for distressed households. Indeed, the lack of precise and realistic money management tools characterizes the personal finance education industry that is dominated by private banks, credit unions, higher education, nonprofit foundations, personal finance gurus, and especially federal and state government agencies. Even the President?s Advisory Council on Financial Capability has ignored its leadership responsibility to develop and promote more accurate and innovative approaches to personal finance in general and household budgeting in particular. Americans need and deserve so much more during this period of economic uncertainty.

The key question is why are financial institutions and even public agencies continuing to use antiquated personal finance software/methods and related budgeting/money management curricula rather than more practical approaches that address the complexity of contemporary household finances? In particular, why are American households encouraged to use gross income assessment tools when their economic reality is that household expenses must be paid from net income? Is there a reason that these personal finance tools provide the illusion of greater financial control and yet lead the average American to higher levels of consumption and ultimately consumer debt?

With this ongoing leadership crisis in the personal finance education industry, the DebtorWise Foundation is pleased to announce the release of its pathbreaking, net cash-flow budgeting/ personal finance Credit Counseling course that is based on the IRS 1040 federal tax guidelines. Rather than a ?one size fits all? approach to personal finance with its inherent imprecision, the DebtorWise Foundation?s money management software/curriculum enable consumers to: (a) specify the unique economic characteristics of their household, (b) calculate their monthly net income, and (c) customize a household budget based on the financial constraints of their net cash-flow. The key features include household size/structure, tax filing status, and state and local income tax liabilities. Furthermore, the DWF budgeting software is accompanied with a state-of-the art document management/data verification system.

According to Dr. Anita Butera, Esq, Director of Bankruptcy Education, ?it is striking that Americans are berated over their lack of personal finance skills. Yet, the so-called experts promote personal finance tools that are more appropriate for the age of the horse and buggy than the Ipad generation. At DebtorWise, we have harnessed the scholarly vision and academic precision of our founder?Dr. Robert D. Manning ?to better serve those Americans that desperately need our practical guidance and innovative budgeting software/courses/assistance.?

As Dr. Butera explains, ?Imagine trying to develop a budget based on gross income that ignores state and local taxes, itemized tax deductions, and even homeowner status. You can easily overestimate available household income to pay monthly expenses by 20% ? 25%. And, try evaluating whether a mortgage modification is affordable when you don?t know the net cost of lower loan (tax deductible) interest rates. No wonder so many hard working families are confused over balancing their budget ?with gross income?when they realize that they don?t have enough money to pay their bills at the end of the month! Is it surprising that so many people give up on their personal finances?? With the goal of bridging this informational deficiency, the DebtorWise Foundation is offering the first net cash-flow budgeting curriculum that is based on the IRS 1040 federal tax guidelines.

The DebtorWise Foundation is the nation?s leading innovator in online financial education courses and personal finance software. Founded by Dr. Manning, an internationally recognized consumer finance scholar, the DebtorWise Foundation is a nonprofit organization dedicated to providing affordable financial education to financially distressed and low-income households. It provides the pre-filing Credit Counseling and pre-discharge Debtor Education courses that are required by the Federal Court for filing consumer bankruptcy. Dr. Manning?s most recent monograph examines Walmart?s expansion into consumer financial services in the United States with a case-study of Banco Walmart de Mexico.

For more information contact:

Donna Slavin,

Director of Special Programs

d.slavin(at)debtorwise(dot)org

(585) 270-8398

###

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Behind The New Flame Malware Spying On Computers | Monroe Tech

With possible ties to malware targeting Iran, the Flame spying software is seen as the latest cyber espionage attempt from a nation state.

The Flame worm that has targeted computers in the Middle East is being called ?the most sophisticated cyberweapon yet unleashed? by Kaspersky Lab researchers who discovered it. Lurking on computers for at least five years, the malware has the ability to steal data, eavesdrop on conversations, and take screen captures of instant message exchanges, making it dangerous to any victim. But a possible link to malware found on computers in Iran?s oil sector has experts saying it?s got to be the work of a nation-state.

CNET talked with Roel Schouwenberg, senior researcher at Kaspersky, the company that uncovered the malware, to find out who is behind it and how dangerous it really is.

What is Flame?
Flame is a sophisticated attack toolkit that leaves a backdoor, or Trojan, on computers and can propagate itself through a local network, like a computer worm does. Kaspersky Lab suspects it may use a critical Windows vulnerability, but that has not been confirmed, according to a Kaspersky blog post. Flame can sniff network traffic, take screenshots, record audio conversations, log keystrokes and gather information about discoverable Bluetooth devices nearby and turn the infected computer into a discoverable Bluetooth device. The attackers can upload additional modules for further functionality. There are about 20 modules that have been discovered and researchers are looking into what they all do. The package of modules comprises nearly 20 megabytes, over 3,000 lines of code, and includes libraries for compression, database manipulation, multiple methods of encryption, and batch scripting. The malware is named after one of the main modules that is responsible for attacking and infecting additional computers. There are multiple versions circulating, which are communicating with as many as 80 different command-and-control servers. Kaspersky has an updated technical analysis here and McAfee?s technical blog post is here. This report on the malware, from the Laboratory of Cryptography and System Security (CrySyS Lab) at Budapest University of Technology and Economics, refers to the threat as ?sKyWIper.?

?Flame is very modular. Basically a target will get infected with the main component and then the attackers will only upload modules to the target as they see fit,? Schouwenberg said. ?We assume that we don?t have all the modules that exist in the wild.?

How does it spread?
Flame spreads within a network via a USB thumb drive, network shares, or a shared printer spool vulnerability, but spreads only when instructed to do so by the attackers. It?s unclear what the initial point of entry is. ?We expect to find a spear phishing e-mail with a Zero-Day exploit,? Schouwenberg said.

How long has Flame been around?
?We have the first confirmed report of Flame in the wild in 2010, but there is circumstantial evidence that dates it back to 2007 and some speculate it may go back further than that,? Schouwenberg said Kaspersky Lab researchers discovered the malware several weeks ago after being asked by the United National?s International Telecommunication Union for help in uncovering malware dubbed ?Wiper? that was stealing and deleting sensitive information on computers in Iran?s oil sector.

How does Flame relate to Wiper?
?Wiper could be a Flame module that is uploaded to a target machine when the attackers want to wipe the data from the computer. There is no evidence to link the two together, but the timing is coincidental,? Schouwenberg said. ?So, we have an open mind to Wiper being a Flame plug-in.? Iran?s National Computer Emergency Response Team (CERT), which is called ?Maher,? said software to detect Flame was sent to companies in that country at the beginning of May and a removal tool is ready now. Recent incidents of mass data loss in Iran ?could be the outcome of some installed module of this threat,? the center said, speculating that attacks in which data from Iran?s gas company computers may have been linked to Flame. Officials in Iran suspect that Wiper and Flame are somehow linked, the Associated Press reports.

Why wasn?t Flame discovered earlier?
Whoever created Flame took extreme efforts to write the code so that it would evade detection for as long as possible. ?Clearly it?s another multimillion-dollar project with government funding, so one of the top priorities has been stealth,? Schouwenberg said. While a later variant of Stuxnet was detected because it spread aggressively, Flame only spreads after it is instructed to do so remotely. Flame is unusually large in size and uses an uncommon scripting language, Lua, so it doesn?t look malicious at first glance. ?Flame authors have adopted the concept of hiding in plain sight,? he said. Because Flame doesn?t use a rootkit technology, free anti-rootkit tools won?t be able to detect it. ?Finding it is going to be more complicated,? according to Schouwenberg.

Who created the malware?
It?s unclear who wrote and distributed the malware, but Schouwenberg said researchers believe it was a nation-state or someone hired by a nation-state because of the advanced nature of the threat. Just because the code is in English does not mean that an English-speaking country is behind it, he said when asked if he thought the U.S. and/or Israel are behind this malware as is believed with Stuxnet. Meanwhile, liberal Jewish blog Tikun Olam cites an unidentified ?senior Israeli source? as confirming that Israeli cyber warfare experts created Flame to ?infiltrate the computers of individuals in Iran, Israel, Palestine and elsewhere who are engaged in activities that interest Israel?s secret police including military intelligence.?

Is it related to Stuxnet and Duqu?
Flame shares some characteristics with two previous types of malware that targeted critical infrastructure systems and which used the same technology platform: Stuxnet and Duqu. Schouwenberg thinks the same entities are behind Flame. For instance, Flame and Stuxnet both spread via USB drive using the ?Autorun? method and a .LNK file that triggers an infection when a directory is opened. Flame also can replicate through local networks using a Windows-based shared printer vulnerability that was exploited by Stuxnet as well. Kaspersky hasn?t uncovered Flame using any previously unknown vulnerabilities, called ?Zero-Days,? but since Flame has infected fully patched Windows 7 systems through the network, there may be a high-risk Zero-Day being exploited. ?We are operating under the assumption right now that basically Flame and Stuxnet were two parallel projects commissioned by the same nation-sate or states. The Stuxnet platform was created by one team or company and Flame by another team or company, and both teams had access to this common set of exploits,? he said. Flame is 20 times larger than Stuxnet, which was previously believed to be the most sophisticated piece of malware ever.

How serious is this?
Kaspersky researchers believe there is much more to Flame than they know now. ?We operate on the assumption there are other modules we don?t know about, which could elevate Flame from cyber espionage to cybersabotage,? Schouwenberg said. ?Given the conservative method of spreading, we assume that the vast majority of infections we are seeing are intended targets ? The amount of manpower required to maintain this operation is very significant. Flame uses more than 80 C&C (Command and Control) servers, which we haven?t seen before. This shows the amount of resources committed to this project.?

Who is being targeted with Flame?
The highest proportion of infections are in Iran, followed by ?Israel/Palestine,? Sudan, Syria, Lebanon, Saudi Arabia and Egypt, according to Kaspersky. Symantec says the primary targets are in ?the Palestinian West Bank, Hungary, Iran and Lebanon.? ?With Flame, we haven?t been able to say what binds all the targets together other than that they are in the same geographical region,? Schouwenberg said. ?We are trying to work with incident response teams globally to contact these victims and find out more, but right now we don?t know what type of data has been stolen.? Victims include educational institutions, state-related organizations and individuals.

How widespread is Flame?
So far there are only estimates as to how widespread Flame infections are. Kaspersky researchers have seen between 300 and 400 infections on customer computers reporting back to them, but researchers speculate there could be more than 1,000 infected computers worldwide. Most of the infections are in Iran and other countries in the Middle East. There are a few in the U.S., and Schouwenberg said those could be due to someone in the Middle East using a virtual private network based in the U.S. to circumvent Internet filters in that country as opposed to genuine infections on U.S.-based computers. ?We?re looking into sinkholing (taking control of) some of the Command and Control servers and getting data from there to have a more accurate reflection of infections,? Schouwenberg said.

Does it affect me?
Most of the major antivirus software now detects Flame, so updating your security software will protect you. Kaspersky also has offered tips for manually removing the malware. The software is not designed to steal financial data and does not seem targeted at consumers, so chances are your computer is safe.

What does this all mean?
While Flame represents another sophisticated cyber espionage attack, it?s not exactly a harbinger of cyberwar. Countries have been conducting cyber espionage for years, but it wasn?t until Stuxnet, with its links to the U.S. and Israel, that a Western country was fingered by researchers. Stuxnet is believed to have been designed to sabotage Iran?s nuclear program after diplomatic and other efforts had failed. That said, Flame does show that sophisticated attacks on critical infrastructure are happening, and succeeding. ?The good news is that like Stuxnet, Flame appears to be highly targeted,? Eric Byres, chief technology officer and co-founder of Tofino Industrial Security, writes in a blog post. ?But the bad news is that this worm clearly indicates that industry, especially the energy industry, is now a key target in a rapidly growing world of sophisticated, government sponsored malware.?

?You could call it military-grade malware, which is obviously a class above (other malware) and generally these are covert operations so remaining stealth is top-most priority,? Schouwenberg said. ?In the end, it was anti-malware that found this type of attack.?

Credit: cnet.com

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Olympic wrestling trials had $5.6 million economic impact on ...

IOWA CITY ? The recent 2012 U.S. Olympic Wrestling Team Trials at the University of Iowa generated a projected $5.6 million economic impact for Johnson County.

A study released Friday by the Iowa City-Coralville Convention and Visitors Bureau showed the average visitor spent $201 and the average expenditure per party was $707. The event attracted 14,214 fans, including 11,655 or?82 percent who were from outside of Johnson County.

The convention and visitors bureau was assisted in conducting the survey by a team of students selected by lecturer Dan Matheson in the University of Iowa?s Recreation and Sports Business program.

One hundred and seventy nine randomly selected fans at thee area hotels, the?ASICS Fan Fest in downtown Iowa City and Carver-Hawkeye Arena were asked to complete surveys between April 20 and April 22. The students determined that 171 of the surveys were completed correctly.

Three percent of the respondents who were in Iowa City for the trials did not attend the event. They reported being on the UI campus for other events and retail activities.

The U.S. Olympic Wrestling Team Trials attracted record-breaking crowds. The Session I attendance of 13,784 was a single-session record for the event, breaking the previous-day mark of 13,750.

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Friday, June 1, 2012

BoE's Bean: some UK firms can't pass on higher costs

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Bieber falls into glass wall, suffers concussion

Ian Gavan / Getty Images

Justin Bieber performs live at the Opera House on May 30 in Oslo, Norway.

By Piya Sinha-Roy, Reuters

Canadian pop star Justin Bieber ran headlong into trouble on a European promotional tour on Thursday, knocking himself out backstage in Paris and dealing with a crushing crowd in Norway that left some fans injured one day earlier.

Thursday's incident occurred after the singer fell into a glass wall during an intimate concert in Paris. Bieber told celebrity news website TMZ.com he felt lightheaded but was able to perform his last song before going backstage and passing out for 15 seconds.

TMZ posted an audio clip of its conversation with the pop sensation in which he said doctors told him he suffered a concussion and ordered him to relax. The singer quickly posted on Twitter that he was doing well, joking about the incident and saying "gotta laugh at yourself sometimes."

The concussion comes one day after Bieber, on a brief tour of major European cities to promote upcoming album "Believe," was met with a crush of fans before a free concert in Oslo leading to reports of dozens of young girls being injured.

Bieber's record label, Universal Music, said in a statement to celebrity site E! Online on Thursday that it "regrets strongly that some of those who were [at the] Justin concert had a bad experience."

A label executive said "fortunately no one was seriously injured," and added that Bieber wanted to return to Norway and perform a future concert there.

Frazer Harrison / Getty Images

Calls and e-mails to Bieber's representatives were not immediately returned.

Bieber performed a free, six-song concert at the Oslo Opera House on Wednesday that is planned to be featured on his upcoming one-hour NBC television special to be aired next month.

The 18-year-old singer was forced to tweet a safety message ahead of the show after police were unable to control the crowds of fans trying to catch a glimpse of the star.

"for the show to happen u must all listen to the police. we are all concerned for your safety and i want what is best for u. please listen," Bieber posted to his 22 million Twitter followers on Wednesday.

TMZ said 49 young girls were injured and 14 taken to hospitals, and police came close to declaring a state of emergency in the capital. Those reports could not be immediately confirmed.

This is not the first time Bieber fever has caused crowd control and safety issues. In November 2009, fans stampeded a shopping mall in Long Island, New York ahead of an appearance by the pop star, forcing organizers to cancel the event.

Bieber's manager was charged with reckless endangerment and criminal nuisance, but the charges were later dropped.

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Google Nexus tablet appears in benchmarks, appears to run on quad-core Tegra 3

Google Nexus tablet appears in benchmarks, appears to run on quad-core Tegra 3

ASUS's seven-inch MeMo tablet has just ducked under the FCC's gates, but some benchmark results for a purported Google and ASUS team-up could tally with the same device. According to the listing, the Google Asus Nexus 7 will arrive with NVIDIA's quad-core Tegra 3 CPU, clocked at 1.3 GHz, while that (presumably) 7-inch screen packs a 768 x 1280 resolution. The hardware specs end there, but thanks to some investigation by Android Police and Rightware, it appears that this mystery tablet is running Android 4.1 -- possibly the version number for Android's next iteration, Jelly Bean. There are several more hints adding credence to these benchmark results, including the fish-based "grouper" codename, which follows the Stingray moniker that was handed to the Motorola Xoom ahead of its reveal. We're just itching to know whether it'll still manage a sub-$300 price-tag.

Google Nexus tablet appears in benchmarks, appears to run on quad-core Tegra 3 originally appeared on Engadget on Wed, 30 May 2012 04:59:00 EDT. Please see our terms for use of feeds.

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