Palantir Technology Takes on Rogue Traders
June 9, 2016
Rogue trading has always been a problem for the stock market, but the more technology advances the easier it becomes for rogue traders to take advantage. The good news is that security and compliance officers can use the same tools that rogue traders use in their schemes to stop them. CNBC showed the story; “Tech Takes On Rogue Traders” that explains how technology is being used to stop the bad guys. The report is described as:
“Colleen Graham, Chief Supervisory Officer at Signac, discusses Palantir and Credit Suisse’s joint technology initiative to crack down on rogue traders.”
Palantir Technology is being used along with Credit Suisse to monitor trader behavior data trade data, risk data, and market data to monitor how a trader changes over time. They compare individual trader to others invested in similar stocks. Using a combination of all these data fields, unusual behavior is monitored to prevent rogue trading.
The biggest loss on Wall Street is rogue trading. The data Signac gathers helps figure out how rogue trading happens and what causes it. By using analytical software, compliance officers are able to learn from past crimes and teach the software to recognize similar patterns. In turn, this allows them to prevent future crimes. While some false positives are generated, all of the captured data is public. Supervisors and other people actually are supposed to read this data; Signac just does so at a more in-depth level.
Catching rogue traders helps keep Wall Street running smoother and even puts the stockbrokers and other financial force back to work.
Palantir scored a new deal from this venture. The same technology used to monitor the Dark Web is used to capture rogue traders.
Whitney Grace, June 9, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Google Has Much at Stake in Intel Tax Case
June 3, 2016
In the exciting department of tax activities, 9to5Google reports, “Google Could Effectively Recoup All the Tax it Paid Last Year if Intel Wins Test Case.” Why is Google so invested in a dispute between Intel and the IRS? Writer Ben Lovejoy explains:
“In essence, the case hinges on share compensation packages paid by overseas subsidiaries. The IRS says that the cost of these should be offset against the expenses of the overseas companies; Intel says no, the cost should be deducted by the U.S. parent company – reducing its tax liabilities in its home country. The IRS introduced the rule in 2003. Companies like Google have abided by the rule but reserved the right to reallocate costs if a court ruling went against the IRS, giving them a huge potential windfall.”
This windfall could amount to $3.5 billion for Alphabet, now technically Google’s “parent” company (but really just a reorganized Google). Apparently, according to the Wall Street Journal, at least 20 tech companies, including Microsoft and eBay, are watching this case very closely.
Google is known for paying the fewest taxes it thinks it can get away with, a practice very unpopular with some. We’re reminded:
“Google has recently come under fire for its tax arrangements in Europe, a $185M back-tax deal in the UK being described as ‘disproportionately small’ and possibly illegal. France is currently seeking to claim $1.76B from the company in back taxes.”
So, how much will the world’s tax collectors be able to carve out of the Google revenue pie? I suspect it will vary from year to year, and will keep courts and lawyers around the world very busy.
Cynthia Murrell, June 3, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
European Companies Help Egypt Spy on Citizens
June 2, 2016
It seems that, as Egypt was brutally repressing citizens during the massive protests of 2010 and 2011, European companies were selling citizen-surveillance tech to that country’s secret spy agency. Hammerhead Combat Systems shares the article, “Espionage Files: European Companies Sold Spy Tech to a Secret Egyptian Intelligence Unit Amid Brutal Repression.” The article cites a report from Privacy International; writer Namir Shabibi tells us:
“The investigation, entitled ‘The President’s Men? Inside the Technical Research Department, the secret player in Egypt’s intelligence infrastructure,’ is the first to shed light on the growth of the TRD intelligence unit, its pivotal role in Egyptian intelligence apparatus and its links to European companies.
“The TRD’s growth is consistent with claims by human rights defenders that the Egyptian security service was in reality untouched by the revolution. Instead, it quietly went about strengthening itself under the cover of political turmoil.
“The report implicates two European companies in the sale of surveillance technology to TRD. At the time of mass protests in Egypt between 2010-11, it claims Nokia Siemens Networks provided the TRD mass surveillance capabilities including an interception management system and a monitoring center.
“Moreover, according to Privacy International, leaked emails from Italian surveillance equipment seller Hacking Team dated from last year show that it expected to earn a million euros from the sale of intrusive surveillance technologies to the unit. The technology would allow TRD complete access to the computers and smartphones of targeted individuals.”
Note that Nokia Siemens owns Trovicor, which does real-time surveillance and intercepts. The article states that former President Hosni Mubarak used the TRD to fight his political opponents and that the system may date back as far as Anwar Sadat’s rule. Seemingly unabashed, Hacking Team asserts they are in compliance with Italian regulations. On the other hand, European Member of Parliament Marietje Schaake suspects these two companies have violated existing EU rules and, if not, insists new rules must be created immediately. See the piece (originally published at Vice News), or navigate to the Privacy International report itself, for more details.
Cynthia Murrell, June 3, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
From My Palantir Archive: Security
May 27, 2016
I was curious about my notes about Palantir and its security capabilities. I have some digital and paper files. I print out some items and tuck them in a folder labeled “Hobbits.” In my Hobbit folder was:
Q.&A.: Guarding Personal Data From Abuse by Insiders, October 14, 2015
You may be able to locate a copy of this story by searching the New York Times or by going to your local library and using its OPAC. If that doesn’t work, you may have to delve into the flagging world of commercial databases.
In the write up, I noticed that I had circled in tell-the-truth blue this passage:
For privacy, the main worry may not be hackers as much as bad actions by authorized users. A useful concept in information system architecture is accountability oversight. Flagging people who misuse things. Revealing private things only by degree. Having access controls.
I thought of this because Buzzfeed has published a couple of write ups based on Palantir’s own information. Presumably the information could not have come from insiders because Palantir’s own security professional referenced the firm’s auditing capability.
The idea, as I understand it, is that one can use Palantir’s logs to “walk back the cat” and identify a person or persons who might have taken an action to reveal company information.
I also circled:
When a data breach is exposed, it’s a discrete event. You know what will happen, for the most part. Marketing is directed at a lifestyle.
Yeah, but Buzzfeed has published two articles and both struck me as deriving factoids from different sources.
With Socom embracing Palantir for maybe three years, my question is, “Does Palantir have safeguards in place which will make a third Buzzfeed type article a low probability or 0.000001 event?
Yikes, two articles based on what may be leaked internal information. What happens if sensitive military information goes walkabout?
I assume there is no such thing as a Hobbit alert? I need to read The Architecture of Privacy, an O’Reilly book written by Palantirians or Hobbits. I hope this is not a do-as-I-say, not a do-as-I-do thing.
Stephen E Arnold, May 27, 2016
Open Source Software Needs a Micro-Payment Program
May 27, 2016
Open source software is an excellent idea, because it allows programmers across the globe to share and contribute to the same project. It also creates a think tank like environment that can be applied (arguably) to any tech field. There is a downside to open source and creative commons software and that is it not a sustainable model. Open Source Everything For The 21st Century discusses the issue in their post about “Robert Steele: Should Open Source Code Have A PayPal Address & AON Sliding Scale Rate Sheet?”
The post explains that open source delivers an unclear message about how code is generated, it comes from the greater whole rather than a few people. It also is not sustainable, because people do need funds to survive as well as maintain the open source software. Fair Source is a reasonable solution: users are charged if the software is used at a company with fifteen or more employees, but it too is not sustainable.
Micro-payments, small payments of a few cents, might be the ultimate solution. Robert Steele wrote that:
“I see the need for bits of code to have embedded within them both a PayPalPayPal-like address able to handle micro-payments (fractions of a cent), and a CISCO-like Application Oriented Network (AON) rules and rate sheet that can be updated globally with financial-level latency (which is to say, instantly) and full transparency. Some standards should be set for payment scales, e.g. 10 employees, 100, 1000 and up; such that a package of code with X number of coders will automatically begin to generate PayPal payments to the individual coders when the package hits N use cases within Z organizational or network structures.”
Micro-payments are not a bad idea and it has occasionally been put into practice, but not very widespread. No one has really pioneered an effective system for it.
Steele is also an advocate for “…Internet access and individual access to code is a human right, devising new rules for a sharing economy in which code is a cost of doing business at a fractional level in comparison to legacy proprietary code — between 1% and 10% of what is paid now.”
It is the ideal version of the Internet, where people are able to make money from their content and creations, users’ privacy is maintained, and ethics is essential are respected. The current trouble with YouTube channels and copyright comes to mind as does stolen information sold on the Dark Web and the desire to eradicate online bullying.
Whitney Grace, May 27, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Erdogan Government Cracks down on Turkish Media
May 26, 2016
The Turkish government has been forcibly seizing and intimidating the nation’s media, we learn from “Erdogan’s Latest Media Takeover is About More than Just One Newspaper” at Mashable. Is this the future of publishing?
Turkish police fought protesters and manhandled journalists as the government wrested control of Zaman, Turkey’s most popular newspaper and, as journalist Suna Vidinli puts it, the country’s “last remaining effective voice of criticism in the press.” She continues:
“President Erdogan had long planned to take over Zaman as the paper was affiliated with Gulen Group, his main remaining adversary in his quest for absolute power. Earlier in the week, the Turkish Supreme Court — in a surprising and rare move — had released two top editors of Cumhuriyet, Can Dundar and Erdem Gul, from prison. They were imprisoned for writing about the illegal trafficking of weapons to radicals in Syria.
“Erdogan saw their release as a direct move against his authority and wowed to show who was boss. He signaled that the two journalists would be put back in prison soon and declared ‘things can get shaky in the following days.’ Hence, the takeover of Zaman was carefully planned as the most brutal confiscation of media to date in Turkish history.
“The confiscation of Zaman media group highlights some critical developments in Turkey. The government immediately took the media group offline, and a special tech team was brought in to completely wipe out the news archive and web content of the newspaper.”
The Chihan News Agency was also included in the seizure, a group we learn was the only non-governmental organization to monitor Turkish exit polls to ensure fair elections. The article notes that the remaining independent media in Turkey seem to have been effectively cowed, since none of them reported on the violent takeover. Governments, media groups, and human rights organizations around the world condemned the seizure; the U.S. State Department called Turkey’s pattern of media suppression “troubling.” We couldn’t agree more.
Cynthia Murrell, May 26, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
The Guardian Adheres to Principles
May 20, 2016
In the 1930s, Britain’s newspaper the Guardian was founded, through a generous family’s endowment, on the ideas of an unfettered press and free access to information. In continued pursuit of these goals, the publication has maintained a paywall-free online presence, despite declining online-advertising revenue. That choice has cost them, we learn from the piece, ”Guardian Bet Shows Digital Risks” at USA Today. Writer Michael Wolff explains:
“In order to underwrite the costs of this transformation, most of the trust’s income-producing investments have been liquidated in recent years in order to keep cash on hand — more than a billion dollars.
“In effect, the Guardian saw itself as departing the newspaper business and competing with new digital news providers like BuzzFeed and Vox and Vice Media, each raising ever-more capital from investors with which to finance their growth. The Guardian — unlike most other newspapers that are struggling to make it in the digital world without benefit of access to outside capital — could use the interest generated by its massive trust to indefinitely deficit-finance its growth. At a mere 4% return, that would mean it could lose more than $40 million a year and be no worse for wear.
“But … the cost of digital growth mounted as digital advertising revenue declined. And with zero interest rates, there has been, practically speaking, no return on cash. Hence, the Guardian’s never-run-out endowment has plunged by more than 12% since the summer and, suddenly looking at a finite life cycle, the Guardian will now have to implement another transition: shrinking rather than expanding.”
The Guardian’s troubles point to a larger issue, writes Wolff; no one has been able to figure out a sustainable business model for digital news. For its part, the Guardian still plans to avoid a paywall, but will try to coax assorted fees from its users. We shall see how that works out.
Cynthia Murrell, May 20, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Google Moonshot Targets Disease Management, but Might Face Obstacle with Google Management Methods
May 17, 2016
The article on STAT titled Google’s Bold Bid to Transform Medicine Hits Turbulence Under a Divisive CEO explores Google management methods for one of its “moonshot” projects. Namely, the massive company has directed its considerable resources toward overhauling medicine. Verily Life Sciences is the three year-old startup with a mysterious mission and a controversial leader in Andrew Conrad. So far, roughly a dozen Verily players have abandoned the project.
“But “if they are getting off the roller coaster before it gets to the first dip,” something looks seriously wrong, said Rob Enderle, a technology analyst who has tracked Google since its inception. Those who depart well-financed startups usually forsake potential financial windfalls down the line, which further suggests that the people leaving Verily “are losing confidence in the leadership,” he said. No similar brain drain has occurred at Calico, another ambitious Google spinoff, which is focused on increasing the human lifespan.”
Given the scope of the Verily project, which Sergey Brin, Google co-founder, announced that he hoped would significantly change the way we identify, avoid, and handle illness, perhaps Conrad is cracking under the stress. He has maintained complete radio silence and rumors abound that his employees operate under threat of termination for speaking to a reporter.
Chelsea Kerwin, May 17, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
An Open Source Search Engine to Experiment With
May 1, 2016
Apache Lucene receives the most headlines when it comes to discussion about open source search software. My RSS feed pulled up another open source search engine that shows promise in being a decent piece of software. Open Semantic Search is free software that cane be uses for text mining, analytics, a search engine, data explorer, and other research tools. It is based on Elasticsearch/Apache Solrs’ open source enterprise search. It was designed with open standards and with a robust semantic search.
As with any open source search, it can be programmed with numerous features based on the user’s preference. These include, tagging, annotation, varying file format support, multiple data sources support, data visualization, newsfeeds, automatic text recognition, faceted search, interactive filters, and more. It has the benefit that it can be programmed for mobile platforms, metadata management, and file system monitoring.
Open Semantic Search is described as
“Research tools for easier searching, analytics, data enrichment & text mining of heterogeneous and large document sets with free software on your own computer or server.”
While its base code is derived from Apache Lucene, it takes the original product and builds something better. Proprietary software is an expense dubbed a necessary evil if you work in a large company. If, however, you are a programmer and have the time to develop your own search engine and analytics software, do it. It could be even turn out better than the proprietary stuff.
Whitney Grace, May 1, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
Watson Joins the Hilton Family
April 30, 2016
It looks like Paris Hilton might have a new sibling, although the conversations at family gatherings will be lackluster. No, the hotel-chain family has not adopted Watson, instead a version of the artificial intelligence will work as a concierge. Ars Technica informs us that “IBM Watson Now Powers A Hilton Hotel Robot Concierge.”
The Hilton McLean hotel in Virginia now has a now concierge dubbed Connie, after Conrad Hilton the chain’s founder. Connie is housed in a Nao, a French-made android that is an affordable customer relations platform. Its brain is based on Watson’s program and answers verbal queries from a WayBlazer database. The little robot assists guests by explaining how to navigate the hotel, find restaurants, and tourist attractions. It is unable to check in guests yet, but when the concierge station is busy, you do not want to pull out your smartphone, or have any human interaction it is a good substitute.
” ‘This project with Hilton and WayBlazer represents an important shift in human-machine interaction, enabled by the embodiment of Watson’s cognitive computing,’ Rob High, chief technology officer of Watson said in a statement. ‘Watson helps Connie understand and respond naturally to the needs and interests of Hilton’s guests—which is an experience that’s particularly powerful in a hospitality setting, where it can lead to deeper guest engagement.’”
Asia already uses robots in service industries such as hotels and restaurants. It is worrying that Connie-like robots could replace people in these jobs. Robots are supposed to augment human life instead of taking jobs away from it. While Connie-like robots will have a major impact on the industry, there is something to be said for genuine human interaction, which usually is the preference over artificial intelligence. Maybe team the robots with humans in the service industries for the best all around care?
Whitney Grace, April 30, 2016
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
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