Showing posts with label IT news. Show all posts
Showing posts with label IT news. Show all posts

Friday, February 17, 2012

Student jailed in Britain for "extensive" Facebook hack

(Reuters) A British student, who hacked into social networking website Facebook’s internal networking risking “disastrous” consequences for the portal, was sentenced the term of eight months on Friday (Feb 17) in London.

Glenn Mangham, a 26-year-old software development student, admitted infiltrating social networking portal Facebook from his parental home in northern England.

The case was described by prosecutors as the most serious case of its kind.

"This was the most extensive and flagrant incidence of social media hacking to be brought before British courts," said Alison Saunders, London's Chief Prosecutor told media in London on Feb 17. "Fortunately, this did not involve any personal user data being compromised", he added.

Facebook first became aware of a security breach in its internal network in April and called in the FBI. The U.S. agents established the source of the hacking was based in Britain and British police raided Mangham's home in June.

Mangham said he had previously helped search engine Yahoo Inc improve its security and wanted to do the same for Facebook. However, prosecutors rejected his explanation.

"He said he wanted a mini project and chose Facebook because of its high-profile internet presence," prosecutor Sandip Patel told London's Southwark Crown Court.

"The prosecution does not accept that the defendant's actions were anything other than malicious."

The court was told Facebook spent $200,000 in dealing with his actions, the Press Association reported.

Judge Alistair McCreath told Mangham his actions were not harmless and had "real consequences and very serious potential consequences" which could have been "utterly disastrous" for Facebook.


"You and others who are tempted to act as you did really must understand how serious this is," he said.

Group buying major Snapdeal looking for an e-commerce partner

NEW DELHI: India’s largest group buying portal snapdeal.com is in advanced talks to acquire an e-commerce company, some company officials revealed on the condition of anonymity.

Officials said that snapdeal, which has raised 40 million (Rs 190 crore) last year is searching a mid-to-small sized partner to expand its business beyond the group buying space. However, they refused to provide more details. Moreover, the co-founder and CEO of Jasper Innovative Marketing Solutions, Snapdeal's parent firm, did not reply to an email seeking comments.

Snapdeal last acquired a company in June 2010, when it bought Bangalorebased group buying site Grabbon.com for an undisclosed amount. The company is eyeing the expected boom in the e-commerce market, which expected to grow to $25 billion by 2015 from $10 billion now.

Friday, August 1, 2008

Another search engine is preparing to end the monopoly of Google

It seems that Internet search has become the arena cut-throat arena among IT majors. Another search engine cuil.com is gearing up to end the monopoly of google, the name synonymous with the Internet search. A group of former engineers who have worked with IT majors, like Google , eBay, IBM and AltaVista have come up with an alternative called Cuil (pronounced cool). Cuil plans to not only break the monopoly of Google, but also change the surfing culture among users.

Cuil, which precisely means knowledge in Irish, is a start-up by led by husband-wife team Tom Costello (CEO of Cuil) and Anna Patterson, president, along with former colleagues Russell Power, vice-president of engineering, and Louis Monier, vice-president of products. Cuil has got venture funding of about $30 million from Tugboat Ventures, Greylock Partners and Madrone Capital Partners.