Societe Generale said Sunday that a trader who evaded all its controls to bet $73.5 billion — more than the French bank's market worth — on European markets hacked computers and "combined several fraudulent methods" to cover his tracks, causing billions in losses.
The bank says the trader, Jerome Kerviel, did not appear to have profited personally from the transactions and seemingly worked alone — a version reiterated Sunday by Jean-Pierre Mustier, chief executive of the bank's corporate and investment banking arm."
writes "Wonder why U.S. is behind in science, engineering and technology?"Link to Original Source
writes "If you're going to cheat on your wife you have to be smarter than this, however, in this guy's case it may just pay off big.
All the while 1-800-FLOWERS released a statement saying this:
"At 1-800-FLOWERS.COM, we take pride in creating relationships with our customers by recognizing and thanking them for their business.....We take all matters relating to our customers seriously; however, we are not responsible for an individual's personal conduct. Beyond this, it is the company's policy not to comment on pending litigation and legal matters.""Link to Original Source
writes "Daniel Bystedt of Salvation Army of Sweden was trying to find the official salvation army song called "O Boundless Salvation" and found a video clip that has the famous nazi song "Horst wessel lied".
The incident is being reported to the Army's London HQ.
The videoclip is on:
www.youtube.com/watch?v=m5Lo6BhiHuM"Link to Original Source
writes "Russia faces embarrassment over its flag planting expedition to the North Pole after claims that state broadcasters borrowed scenes from the movie Titanic to "beef-up" footage.
Television company Rossiya sent images of mini submarines descending to the ocean floor around the world in its report about the mission.
But a 13-year-old boy from Finland spotted the scenes in the national daily newspaper Ilta-Sanomat, and realised that they resembled images on his Titanic DVD.
writes "Harry Potter Zero-day exploit released by Insecure.org
A hacker posting on a full disclosure email list run by InSecure.org claims to have obtained a copy of a transcript of the forthcoming book Harry Potter and the Deathly Hallows.
The self-proclaimed hacker — who calls himself Gabriel — claims to have compromised the PCs of one or more workers at Bloomsbury Publishing, the publisher of the Harry Potter books, by tricking them into visiting a hacker-run website infected with malicious code. Workers who visited the site supposedly became infected with a Trojan which allowed the unnamed cracker to extract a draft copy of the highly anticipated final installment of the Harry Potter series, due out on 21 July.
The claims are unsubstantiated by secondary sources and carry with them the whiff of hackers bragging about their cool skillz rather than authenticity.
Also the supposed motive — revealing the ending to make reading the book "useless and boring" and so prevent youngsters from exposure to "neo-paganism", is a little hard to swallow.
Responses to the post (titled Harry Potter 0day) on the email list has been dismissive. "Who are you people and why should I care? Maybe a new exploit would be more useful," said one unwhelmed punter. ®
The posted message claims to expose the names and ways in which two of the characters die, something that has been the subject of much speculation by fans of author J.K.Rowling and the boy wizard. For those not allergic to potential spoilers (of dubious provenance) the post can be found here.
http://seclists.org/fulldisclosure/2007/Jun/0380.h tml"Link to Original Source