Pentagon admits suffering major cyber attack in March

The Pentagon has admitted it suffered a major cyber attack in which thousands of files were taken by foreign hackers.

The deputy defence secretary said future cyber attacks could even cause deaths

Deputy Defence Secretary William Lynn said that in a March attack and other breaches, hackers had taken information on "our most sensitive systems".



The admission came as the Pentagon rolled out a strategy for strengthening US cyber capabilities and addressing threats and attacks in cyberspace.

See original article at =>
http://www.bbc.co.uk/news/world-us-canada-14157975

Is Greed a good thing?

Today I published a new survey about this very question: is greed a good thing? Since I last checked, one submission has been received with a vote for YES.

In all honesty, human culture is all about maximising utility (same concept as in economics). Therefore, maximising is an act of profiteering and hence a reflection of greed. Greed on its own is neutral. It is just an expression of a natural need in humans.

It is when an action of taking away something from someone else illigally that is considered bad. Unfortunately, people always mistaken this for greed.

The Price of Public Service

A very interesting article about salaries in Malaysia especially for top-notch managers such as CEOs and the Prime Minister himself!

The Price of Public Service

Business, Economic and Finance: Maybank ventures into Pakistan

"The Edge, May 5, 2008 - As expected, Malayan Banking Bhd announced the proposed acquisition of a 15% stake in Pakistan-based MCB Bank Ltd for RM2.17 billion cash as part of its expansion plan."

The management of Maybank sure got the nerve to do the transaction even though they are without a CEO/MD. For such a corporation to do this kind of transaction in between the change in top management is unheard off. Well, there were such instances in other corporations in the past but but invariable it was a start to a bigger problem.

If the deals goes sour, who will ultimately take the blame? The incoming CEO/MD? He won't be so stupid to accept responsibility. The current management committee? Who are they anyway?

I hope the authorities and the shareholders go through this deal with a fine tooth-comb.