Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Security’

Will advances in quantum computing affect internet security?

Posted by hkarner - 30. September 2019

Date: 29-09-2019
Source: The Guardian by John Naughton

Google has built a super-fast computer, but whether it can break the encryption we take for granted is moot

IBM’s new 53-qubit quantum computer: how much of a security threat does the new technology pose?

Something intriguing happened last week. A paper about quantum computing by a Google researcher making a startling claim appeared on a Nasa website – and then disappeared shortly afterwards. Conspiracy theorists immediately suspected that something sinister involving the National Security Agency was afoot. Spiritualists thought that it confirmed what they’ve always suspected about quantum phenomena. (It was, as one wag put it to me, a clear case of “Schrödinger’s Paper”.) Adherents of the cock-up theory of history (this columnist included) concluded that someone had just pushed the “publish” button prematurely, a suspicion apparently confirmed later by stories that the paper was intended for a major scientific journal before being published on the web.

Why was the elusive paper’s claim startling? It was because – according to the Financial Times – it asserted that a quantum computer built by Google could perform a calculation “in three minutes and 20 seconds that would take today’s most advanced classical computer … approximately 10,000 years”. As someone once said of the book of Genesis, this would be “important if true”. A more mischievous thought was: how would the researchers check that the quantum machine’s calculation was correct? Den Rest des Beitrags lesen »

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Tech firms think the home is the next big computing platform

Posted by hkarner - 15. September 2019

Date: 12-09-2019
Source: The Economist

Many of the technologies needed to make smart homes work already exist

Film buffs will tell you that watching a movie on the big screen is a much more immersive experience than watching it at home. But if Matthew Ball gets his way, that might not be true for much longer. Mr Ball—who used to be head of strategy at Amazon Studios, the tech firm’s tv division—spends a lot of time thinking about the future of film and tv. He is especially interested in the possibilities offered by connected, computerised homes.

Imagine an action film, he says, in which a smart television, equipped with the sorts of gaze-tracking cameras already used in smartphones, can wait until it has a viewer’s full attention before showing a monster leaping out from behind a door. Or a horror film which commandeers a house’s lights and makes them flicker at the appropriate moment, or plays eerie sounds—even whispering the viewer’s name—from speakers in another room. Den Rest des Beitrags lesen »

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Endgame Strategizing

Posted by hkarner - 28. Juli 2018

By John Mauldin

July 27, 2018

Take a Deep Breath
Too Much Protection
Behind the Door
Cracks in the Wall
The Best Strategy for the Great Reset

We are all on a debt-filled train that is eventually going to crash, and if you are on it, it won’t stop to let you off first. Jumping at the last minute is not a good option, either. So what do you do? You take action now, while you have time.

Last week I gave you some rules to follow with your investments. They were necessarily general because I’m writing to a broad audience. Today, I will get more specific by discussing some possible strategies for high-net-worth “accredited investors.”

However, you should read this important information even if you aren’t wealthy. You might get there someday and it will help prepare you for it. “Someday” could be sooner than you think, too. The Great Reset will rearrange much of the world’s wealth and some people will see their financial condition change quickly, either for worse or better. There will be some enormously positive opportunities.

And as we will see, many strategies that are currently available only to accredited investors are slowly showing up in lower-cost, publicly accessible ETFs and other instruments around the world. There is truly a fintech-driven revolution going on in the financial industry. For we who make our living in that world, the changes seem to intensify almost daily. As I will discuss at the end of this letter, these changes are forcing me to update my own business model. So opportunities not available to you today may very well be available next quarter or next year. You and your advisors need to stay in the loop. Den Rest des Beitrags lesen »

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Initial Coin Scams

Posted by hkarner - 10. Mai 2018

Nouriel Roubini, a professor at NYU’s Stern School of Business and CEO of Roubini Macro Associates, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.

There are now nearly 1,600 cryptocurrencies, and the number continues to rise. It is time to start recognizing their issuers‘ utopian rhetoric for what it is: self-serving nonsense meant to separate credulous investors from their hard-earned savings.

NEW YORK – Initial coin offerings have become the most common way to finance cryptocurrency ventures, of which there are now nearly 1,600 and rising. In exchange for your dollars, pounds, euros, or other currency, an ICO issues digital “tokens,” or “coins,” that may or may not be used to purchase some specified good or service in the future.

Thus it is little wonder that, according to the ICO advisory firm Satis Group, 81% of ICOs are scams created by con artists, charlatans, and swindlers looking to take your money and run. It is also little wonder that only 8% of cryptocurrencies end up being traded on an exchange, meaning that 92% of them fail. It would appear that ICOs serve little purpose other than to skirt securities laws that exist to protect investors from being cheated. Den Rest des Beitrags lesen »

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Coming Clean in 2018

Posted by hkarner - 13. Dezember 2017

Lucy P. Marcus, founder and CEO of Marcus Venture Consulting, Ltd., is Professor of Leadership and Governance at IE Business School and a non-executive board director of Atlantia SpA.

US President Richard Nixon and many of his aides learned during the Watergate scandal that the cover-up makes the original mistake ten times worse. In 2018, the Trump administration – and companies like Uber and 21st Century Fox – will ignore that lesson at their peril.

LONDON – It has been a bumper year for making the invisible visible. The last 12 months have overflowed with leaks, allegations, and other disclosures, not just of misconduct by individuals, business leaders, and politicians, but also of proactive schemes to prevent that misconduct from ever coming to light.

Last month, it came out that a 20-year-old hacker breached Uber’s system in 2016 and accessed the information of about 57 million people, including some 600,000 of its drivers in the United States. Rather than admit to the security flaw, Uber quietly paid the culprit $100,000 to destroy the data, in the hope that the victims – and, perhaps more important to Uber, the company’s investors – would never find out. Den Rest des Beitrags lesen »

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A Silver Lining for a Hard Brexit

Posted by hkarner - 21. November 2017

Jacek Rostowski was Poland’s Minister of Finance and Deputy Prime Minister from 2007 to 2013.

During a time of American waywardness under US President Donald Trump, the United Kingdom’s national security has increasingly come to depend on the European Union as a buffer against Russian revanchism. Ironically, then, the safest form of Brexit might be the one that hurts the most, so long as it leaves behind a stable EU.

LONDON – It is easy to forget that defense and security are not the same thing. Defense is what countries must resort to when their security breaks down. And during peacetime, countries spend money on defense precisely because they fear for their security.

In 1994, Russia agreed to defend Ukraine’s territorial integrity in exchange for Ukraine’s handover of the nuclear weapons it had inherited from the Soviet Union. But Russia didn’t stop with Crimea; since then, it has waged a low-intensity unconventional war against Ukraine in the country’s eastern Donbas region. Den Rest des Beitrags lesen »

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Here we go again!

Posted by hkarner - 23. Oktober 2017

Date: 22-10-2017
Source: The Wall Street Journal
Subject: Hunt for Yield Fuels Boom in Another Complex, Risky Security

Volumes of collateralized loan obligations, which slice and dice risky, leveraged bank loans, hit a record so far this year

Return-starved investors are piling back into securities that rely on financial engineering to juice returns.

As investors hunt for yield in global markets, acronyms are back.

Complex structured investments got a bad rap during the credit crunch, and products such as collateralized debt obligations, or CDOs, entered financial-crisis lore. Ten years on, return-starved investors are overcoming their skepticism to pile back into securities that rely on financial engineering to juice returns. Den Rest des Beitrags lesen »

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U.K.’s Challenge: Reconciling Its Brexit Aims

Posted by hkarner - 4. April 2017

Date: 03-04-2017
Source: The Wall Street Journal By SIMON NIXON

Prime Minister Theresa May needs a deal that achieves three objectives. But the objectives may be irreconcilable

After nine months of phony war, the Brexit battle lines have been drawn.

Last week’s opening salvos were cloaked in generous diplomatic language. British Prime Minister Theresa May used her letter invoking Article 50 of the Lisbon Treaty to laud Europe’s liberal democratic values and declared her wish for a “deep and special partnership” with the European Union.

EU Council President Donald Tusk reciprocated by declaring the Brexit negotiations an exercise in “damage control” with the goal of keeping the U.K. as close a partner as possible.

The desire for an amicable divorce on both sides is sincere, not least because the consequences of a collapse of the legal frameworks underpinning current cooperation in areas such as trade, finance, science and security would be so severe. Yet neither side is confident that the obstacles to a deal can be overcome.

The greatest obstacles lie within the U.K. itself. Mrs. May faces what may prove an impossible trilemma. Den Rest des Beitrags lesen »

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Cities for Migrants

Posted by hkarner - 27. August 2016

Photo of Peter Sutherland

Peter Sutherland

Peter Sutherland, United Nations Special Representative of the Secretary-General for International Migration and Development, is former Director General of the World Trade Organization, EU Commissioner for Competition, and Attorney General of Ireland. He will issue a report on improving international cooperation on migration later this year.

AUG 26, 2016, Project Syndicate

CORK – In many countries, particularly in Europe, immigration is increasingly framed as a security issue. Mainstream politicians, bowing to pressure from fear-mongering populists, are calling for tighter restrictions, and some countries are openly flouting their legal obligation and moral responsibility to provide protection to refugees fleeing conflict.

But the news is not all bad. Even as corrosive political discourse impedes effective action at the national and international levels, at the municipal level, progressive and effective immigrant-integration initiatives are flourishing. Den Rest des Beitrags lesen »

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Schengen and European Security

Posted by hkarner - 11. Dezember 2015

Photo of Daniel Gros

Daniel Gros

Daniel Gros is Director of the Brussels-based Center for European Policy Studies. He has worked for the International Monetary Fund, and served as an economic adviser to the European Commission, the European Parliament, and the French prime minister and finance minister. He is the editor of Economie Internationale and International Finance.

DEC 10, 2015, Project Syndicate

BRUSSELS – Another key European project is under threat. Some two decades after border controls were first abolished under the Schengen Agreement – which now includes 26 countries, including four non-members of the European Union – Germany has reinstated controls at its border with Austria, and France at its border with Belgium. The controls are meant to be temporary, and the vast majority of other borders remain open. But more openness does not seem to be the direction in which Europe is headed – and that is a serious problem.

The shift away from a “Europe without borders,” instigated by images of refugees walking across internal frontiers, was fortified by the news that most of those who carried out last month’s Paris attacks came from Belgium, and that some may have entered the EU via the Balkans, posing as refugees. The underlying assumption – reinforced by many European politicians, especially interior ministers – is that there is a tradeoff between security and openness. This is far from accurate. Den Rest des Beitrags lesen »

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