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PayPal® takes the SXSW podium to unleash its fresh Digital Wallet

PayPal is all set to release an exclusive digital wallet during this summer.

A grand event like SXSW will definitely be remembered for showcasing some finest innovations. SXSW is one place where you can catch up with the latest happenings in the field of technology and entertainment at the same time. But this year, the real highlight was all about digital payments. Initially, it started from Google Wallet and later people talked about ISIS. At last, PayPal went on to grab the show by unveiling a brand new digital wallet. Sam Shrauger, VP of global product and experience at PayPal, showed a glimpse of their next digital wallet at the SXSW. Keeping in mind about the current requirements, the PayPal has completely restructured the interface of its digital wallet to look akin to an online bank account.

In actual fact, it is considered as the one-stop-shop for operating online transactions through a mobile platform. One of the most exciting features associated with PayPal digital wallet is that it will offer you a time period of five to seven days for making a payment, which is hard to find in other payment mediums. Also, you can go for an installment plan to trim down a large amount. Last but not the least; the digital wallet will facilitate you to toggle your funding sources. PayPal has already informed that its digital wallet is expected to land somewhere in spring and it will transform the entire tradition of making payments in this digital world.

Malware attacks pose a huge challenge

Over the last couple of years, we have seen phenomenal growth in collaboration trends over cloud computing. This growth in technology, has given an impetus to development on various levels, the scariest of them being, collaboration by malware creators with planned and focused attack strategies. In the last few years, players on a single platform, like antivirus and security software, change the rules of the game, by collaborating with each other at different instances for different projects, to fight virus and malware, as also spam and phishing. This year, reports from various corners bring about scary situations of arch rival malware creators, tying hands and working together, to bring about unprecedented levels of damage, is thought provoking.

Some of the targets for malware attacks are websites like Facebook, Twitter, LinkedIn, and others. These social networking sites, generally, are used by the young and unaware teen and pre-teen population, making them easy targets. Distribution of fake apps, and hijacking of a browser seem to be the commonest and easiest ways for hackers and malware distributors to spread their wings in a simple and easy manner.

The DDoS attack on WordPress, Mastercard, Visa and PayPal are clear examples of group efforts of cyber criminals waging war with the system. Fake antivirus software, Trojans, attacks on smartphones and tablets and focused attacks on the Macs and Windows 7, seem to be the latest trends. HTML 5 is also a target for attackers. The pre-mature introduction and use of platforms like HTML 5 in their nascent stages, are interesting targets for such cyber activists.

Twitter has launched a free browser plug-in, developed by Finjan Inc. with an aim to aid users restrain clicking on malware and malicious links which could target the click to spyware and malware servers. The Finjan SecureBrowser plug-in has been made available for Mozilla Firefox and Internet Explorer. However, the Finjan plug-in missed out on some links like shortened URLs, while the LongURL Mobile Expander Add-on on Firefox was more effective.

The complex IT environment of today, the new cloud and other technologies entering the fray, and with the smartphones and tablets explosion underway, it has become all the more easy for malware to flourish. The various new manufacturers and developers are yet to incorporate stringent security measures on all their offerings. While various security software and application firms claim to have set their developmental activities, well in advance of products and processes being released, security literacy is yet to see the light of day, amongst enthusiastic new comers, worldwide.

Users need to educate themselves on viruses, worms, Trojans, adware and spyware, malware, rootkits, malicious mobile codes and blended threats. User awareness increase is the only road to safety.

EBay hits the Patent Trap of $3.8 Billion

Ebay stands to lose billions of dollars at its remarkable auction format with the threat of a patent infringement lawsuit.

The lawsuit was filed by a Connecticut-based company, XPRT Ventures, claiming that they gave Ebay a preview of effective “”systems and methods for effecting payments for electronic auction transactions and e-commerce transactions” in 2001. Instead of honoring the company’s contribution, Ebay decided to procure and integrate PayPal to their system i a year after the preview.

The suit filed in the Delaware District court claims that XPRT Ventures was entitled to damages because without the sneak peek provided, Ebay would not have  “recognize the advantages it would realize by acquiring, modifying, and integrating PayPal’s payment platform with eBay’s own e-commerce payment platform.”

It also alleges that XPRT Ventures and Ebay had signed a confidentiality agreement when XPRT shared their ideas with Ebay. Although their six patents were pending on September 2001, XPRT Venture’s George Likourezos contacted Ebay’s associate general counsel for intellectual property, Jay Monahan. Likourezos then offered Monahan exclusive preview of XPRT’s technology. When Ebay asked for a preview a month later, XPRT provided it to them upon agreement that the company will be compensated if Ebay decides to use their technology. Instead Ebay decided to acquire PayPal and use it as their payment processor.

Ebay tried to patent their Ebay-Paypal system, but according to XPRT, this has been turned down because of their pending patents.

XPRT also claims that Ebay unilaterally changed the confidential agreement between the two parties to make  “it appear that PayPal’s obligation arose on the same day the patent application was filed, when in fact the duty of confidentiality arose much earlier,” according to a report by IT business edge.

Ebay, already on its 15th year, offers a place for a trading community on the Internet. It has globalized trading making it possible for buyers and sellers from across the world enjoy the benefits of online shopping. With the incorporation of PayPal, Ebay offered its users a secure way for payments. PayPal, one of the most popular online payment processors pushed the security of online banking to a whole new level.

With earnings of up to 1.36 Billion dollars for Fiscal year 2009, Ebay has been one of the most stable companies that hail from the mid-90s. XPRT demands that it receive its fair share of royalties from eBay’s exponential gain from their technology for the last eight years.

Safeguarding the Web through Internet Fraud Alert System

Another successful invention from Microsoft, Internet Fraud Alert system, is designed to facilitate security researchers. With the help of this mechanism, researchers can report about stolen information to respective providers or organizations. So far, there was no technology which can quickly inform about these compromised or stolen credentials to the service source. Hence, Internet Fraud Alert system is truly an advantageous technology introduced by Microsoft-led coalition.

Security researcher is an essential element of various fields such as financial services, retail, government, technology, consumer advocacy and academia. They often come across with stolen details like password, user name or login information. Sometimes, this information contains credit card numbers that are compromised. Now it has become effortless to alert the proper institutions like bank, about these credentials. Microsoft technology controls the centralized alerting system which is actually designed in favor of this program. This centralized alerting system will immediately report these stolen credentials to companies or banks so that they can take correct steps towards the security of their customers.

As far as the factors like security and expediency are concerned, no other technology can challenge Internet Fraud Alert system. It will be a progressive step in the field of Cyber crime. Considering this fact, Microsoft has handed over this technology to National Cyber-Forensics and Training Alliance. This organization will manage this program. In addition, many standard associations across the world such as eBay, PayPal, Federal Trade Commission, Citizens Bank, are all set to involve themselves in this program. This list also includes National Consumers League, Anti-Phishing Working Group, Accuity and the American Bankers Association too.

According to the authorities of Microsoft, people who exchange information through fake or compromised identities get profit and share by using stolen credentials. But now, Microsoft has made it by developing techniques to oppose this thievery of identities. Because of the great amalgamation of latest technology and momentous partnership, Internet Fraud Alert system quickly warns institutions in order to take some serious actions to fight crime.

Officials from Risk Management Policy also support Internet Fraud Alert system. They say an important link is provided by Internet Fraud Alert system, which connect National Cyber-Forensics and Training Alliance and security researchers who encounter some stolen credentials while investigation. As they find out any suspicious data, they inform it to the National Cyber-Forensics and Training Alliance; and then that particular customer is protected from any possible harm.

On the whole, this Internet Fraud Alert system is really powerful and expedient technology. Security researchers agree to the need of such a vigorous system. Assistance of Internet Fraud alert system has really made their work much easier. This system has also proved itself. Anti-Phishing Working Group has taken a delivery of over 410,000 phishing emails praising its work and expediency. Cyber crime is becoming more and more dangerous now days as terrorist activities are becoming part of it. Thus using internet for financial transactions or for exchange of important documents has become risky. As far as cyber security issues are concerned, efforts of Microsoft are really paid off.

YouTube Revolution under Google

Sharing is what Internet was meant for and the real sense of sharing was introduced past year 2000 when there was a reform in the world of development. There had been development in the Internet world before that but this year marked the increase in pace of the development on every front. One of such development was YouTube that came into somewhere in year 2005 by three developers who were previously working for PayPal. Google as being the king of the Internet world purchased YouTube somewhere in the end of November 2006 for some $ 1.65 billion. YouTube is a subsidiary of Google Inc.

The website is perhaps the heaven to all those who wish to share their videos on the world of Internet world. You can share videos of unlimited length and unlimited volume to YouTube and it would be available to people around the world. The site is doing some real business through advertisements and other channels that are being managed by tycoons from the corporate world.

YouTube under Google

YouTube was a concept that was unique in its way but the site was not as attractive and interactive in the early days. it has undergone a lawsuit as well that did a damage of around 1 billion to the website. The campaign against YouTube was launched somewhere in year 2007 and it was stated that Google was sharing videos without appropriate copyrights of the videos available on the internet.

The legal campaign was brought up by Viacom because they accused YouTube to display many of the videos, movies and programs had been uploaded on the website from users around the world. There was no permission taken from the source about the publishing therefore it was taken as an offence. The judiciary gave provision of a Digital Millennium Copyright Act DMCA in order to deal such cases in future and overruled the request launched by Viacom for the time being.

The expected outcomes of DCMA

No one can actually tell you about the impact of this decision would bring to the online world as the act has not been carved until now. YouTube would certainly be the on the edge because people from all around the world have shared millions of videos on the portal without even caring about the possible copyright rules and regulations that would possibly be associated with them. nonetheless, the video site provides you with quality digital stuff of every type that is visible to everyone who uses the internet.

User discretion policy is implied in case the video is not suitable for someone of a certain age group or ethnic background in order to make sure that no one is offended. The videos that were reported by Viacom were removed and the aftermath was serious.

YouTube’s ventures

YouTube has made serious and long term agreements with the movies and video sharings:

  • November 2008 marks the agreement with MGM, Lion Gate Entertainment and CBS according to which they can upload their full length movies and TV episodes on the website in order to share them. They could even post their advertisements in a different section.
  • March 2010 marked the affiliation of YouTube with Indian Premier League and all the 60 matches under the tournament were visible to the sports lovers from around the world.
  • March 2010 marks the new design to the website as well that has made it a lot more interactive than ever before. Later, it was also notices that YouTube was being watched by more than two billion users every day.

The deal with Google was a very profitable one and Google has taken the platform at great heights as every other subsidiary organization of theirs.

How to Spot a Fake Product Listing on eBay

With the advent of technology, almost everything has started happening through the internet. Even the trading business is no more a physical business. It has crossed all boundaries and distances to become a virtual process altogether. Websites like eBay have provided the shoppers and sellers alike, with an experience completely different from physical shopping. Instead, now all the buyers have to do is click on an item and low and behold, the product is theirs! The same goes for buyers. Instead of going from door to door to sell their product, all they need to do is post the product online and get buyers from all over the world.

Disadvantages of Online Trading

While eBay and similar trading websites have made the shopping experience extremely easy for buyers and sellers alike, the chances of becoming a pawn in a fraud have also increased. While a seller might put up a fake item and initiate unsuspecting buyers into paying for a non-existent item; buyers may also fool a seller by getting the product and not paying for it!

How to identify a fake product listing on eBay

While identifying a fake from a legitimate item is difficult, it is not entirely impossible. Mentioned below are a few steps that will help you in identifying a legitimate product listing from a fake one.

  • Take full note of the details of the product listed. Look out for price, location of the item, photograph given, payment methods, seller’s location etc. If you look closely, you might be able to find clues in case of a fake listing.
  • Always opt for listings where the location of the product is within your own city or country. It is easier to locate these in cases of any discrepancies. If the seller claims to be at a separate location than the product, chances of the listing being a fake increase.
  • Always check the photo closely. If the photo of the product is generic and found with every manufacturer, the product most likely does not exist. Unless the photograph posted is actually of the product itself, it is possible that the seller does not actually have the product with him.
  • Ensure that your mode of payments is secure. This will help trace the seller in case he tries to cheat you with a defective product or a non-delivery of product. One very safe pathway for paying is PayPal. This mode has a facility to seek refunds in case of non-delivery within 45 days. Always beware of payment modes asking for wire transfers or bank deposits, as most of the times, these become untraceable and the seller might ultimately flee with your money. You can use MoneyGram or Western Union also for sending money. However, these are not risk free as there is no provision for refunds here.
  • Ensure that the products on display do not feature unbelievably low prices. In most cases, especially where electronics are concerned, such listings which ask for extremely low prices turn out to be fakes.
  • Be especially aware of the changes in description of the product. There are times when a seller posts a product. After the purchase is completed, he sends the buyer a defective piece, while instantly changing the product description to “defective”. Many a buyers have been fooled by this.
  • Lastly, contact the seller directly, through email or telephones. If he does not respond to your queries or gives extremely evasive answers, chances are that he is a fake.

Simply following the above mentioned pointers should be enough to safeguard you against fakes on eBay.

Call Now: +1 833-522-1003
Call Now: +1 833-522-1003
Call Now: +1 833-522-1003