Risk management, compliance, and cost management are top strategic imperatives for Hong Kong banks in the next 12 months, said IDC that had a closed-door session with 12 technology leaders from key banks headquartered out of Hong Kong recently for a discussion on critical business, operational, and technology related issues impacting their businesses. These imperatives are rated higher than others such as expansion into other markets, operational efficiencies, and customer experience improvement, according to the research house. “Hong Kong is easing back into a recovery mode, but wary of the fragility of the economic situation, bankers are placing concerted efforts…
Business
Hong Kong banks: Risk management, compliance top strategic imperatives
Tech Support
Microsoft has released an advisory related to an Office Web Components ActiveX vulnerability.
An attacker who successfully exploited this vulnerability could gain the same user rights as the local user. When using Internet Explorer, code execution is remote and may not require any user intervention.
This vulnerability exists in the ActiveX control used by IE to display Excel spreadsheets. Microsoft mentions that they are aware of active exploits against this vulnerability and at the moment there is no patch, just a a workaround. Workaround refers to a setting or configuration change that does not correct the underlying vulnerability but would help block known attack vectors before you apply the update. Microsoft advisory…
Internet
Fresh DirectShow Exploit In Internet Explorer Hits Windows Users
Thousands of websites have been hit by fast-moving exploit code that installs a cocktail of nasty malware on visitors’ computers by targeting a previously unknown vulnerability in some versions of Internet Explorer.
The compromised websites link to a series of servers that exploit a zero-day vulnerability in an IE component that processes media. The vulnerability affects those using the XP and 2003 versions of Windows, Microsoft warned in advisory 972890.
“An attacker who successfully exploited this vulnerability could gain the same user rights as the local user,” company security representatives wrote. “When using Internet Explorer, code execution is remote…
Facebook
Facebook Announces fbFund Incubator Program
Today Facebook will be announcing details of a new incubator program today that will be part of the latest round of the fbFund. The incubator program will be held from mid-June to late August in Silicon Valley. In addition to the incubator program, there will also be an fbFund Developer Advisory Council, “whose members will participate in the Incubator Program as Mentors with all” of the fbFund 2009 startups.
Most interesting about the news is that Dave McClure will be running the fbFund 2009 Incubator Program. In a guest blog post on the developer blog, Dave McClure states “We’re just…
