bank of america - ReadWriteWeb http://www.readwriteweb.com/feeds/tag/bank of america en Copyright 2012 Richard MacManus readwriteweb@gmail.com Tue, 14 Feb 2012 18:04:00 -0800 http://www.sixapart.com/movabletype/?v=4.35-en http://blogs.law.harvard.edu/tech/rss A Taste of Its Own Medicine? 4chan Down Due to DDoS Attack

4chan, the infamously crude message board, is currently down due to a distributed denial of service (DDoS) attack and has been since the early morning hours according to the site's Twitter account. The attack comes just a day after similar attacks slowed down Bank of America's Web services.

]]> 4chan founder Moot announced that the site was down at 2:39 a.m. PST, saying "Site is down due to DDoS. We now join the ranks of MasterCard, Visa, PayPal, et al.--an exclusive club!" The site's Twitter account announced the outage in a similarly humorous style:

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The 4chan status page lists several parts of the site as being up, but "Boards", "Post images" and "Static files" are all listed as down and the site barely loads after a minute or two. Even this, however, is changing over time with the intensity of the attacks. Geekosystem editor Robert Quigley ponders who could be behind the attack, asking if it could be Tumblr users still hanging on to the Tumblr/4chan battle of earlier this year. Quiqley goes on to wonder if it could be the banks themselves acting in retaliation or even 4chan itself.

It would be a move straight out of a movie to DDoS attack yourself, wouldn't it? What's the best way to prove your own innocence? Make yourself the victim.

We don't have any information on who is behind the attacks, but that would be some high drama right there. The safer bet, though, might be that supporters of the various sites that have been taken down by Anonymous are retaliating. We'll keep an eye out on 4chan's status page for an explanation.

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http://www.readwriteweb.com/archives/a_taste_of_its_own_medicine_4chan_down_due_to_ddos.php http://www.readwriteweb.com/archives/a_taste_of_its_own_medicine_4chan_down_due_to_ddos.php News Tue, 28 Dec 2010 09:20:39 -0800 Mike Melanson
Bank of America Suffers DDoS Slowdowns anonymous_logo.jpgToday the Bank of America reportedly experienced slowdowns based on distributed denial of service, or DDoS attacks.

The hactivist group Anonymous, Tweeting as Anony_Ops, announced the attack with the hashtag #OperationBOA.

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The outages were described as "sporadic" and what harm was done seems minimal but down, at times, they definitely were.

Bank of America was targeted by Anonymous because it joined other financial companies PayPal, Mastercard and Visa, in refusing to work with Wikileaks.

Discussion has been intense on whether this sort of limited interference constitutes non-violent civil disobedience or whether unwillingness to stand up and be counted disqualifies the actors from membership in such a group.

Other sources: The Street

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http://www.readwriteweb.com/archives/bank_of_america_suffers_ddos_slowdowns.php http://www.readwriteweb.com/archives/bank_of_america_suffers_ddos_slowdowns.php Privacy Mon, 27 Dec 2010 13:53:00 -0800 Curt Hopkins
Is This How Bank of America Is Preparing For the Next WikiLeaks Release? bankofamerica_logo.jpgPrior to his arrest, WikiLeaks spokesperson Julian Assange hinted that the next batch of documents released would not be secret government information, but rather would implicate a major American bank. Assange has never confirmed which bank, but rumor and speculation have pointed to Bank of America as the target.

In a defensive move, Bank of America now seems to be buying up domains for its senior executives and board members, including their names along with "sucks" or "blows." Domain Name Wire reports hundred of domain name registrations on Dec. 17 alone. For example, the company registered a number of domains for CEO Brian Moynihan: brianmoynihanblows.com, brianmoynifansucks.com and so on. It also nabbed the .net and .org versions of several of these names as well.

]]> bankofamerica.jpgThe names were registered by brand-monitoring company MarkMonitor, not by the bank itself. But MarkMonitor, which describes itself as "the global leader in enterprise brand protection," is also listed as the registrant for the bankofamerica.com domain.

Of course, it seems unlikely that this strategy will be terribly effective in shutting down online critiques about Bank of America. There are still a variety of slurs and top-level domains to go, and as BoingBoing quips, grabbing them all would exceed the bank's capital reserves. (There's a government bailout joke to make here, but I will refrain).

Last week, Bank of America announced it was joining PayPal, Mastercard, and Visa and cutting off payments to WikiLeaks.

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http://www.readwriteweb.com/archives/is_this_how_bank_of_america_is_preparing_for_the_n.php http://www.readwriteweb.com/archives/is_this_how_bank_of_america_is_preparing_for_the_n.php News Wed, 22 Dec 2010 10:03:32 -0800 Audrey Watters
Ditching RIM: Dell, Bank of America, Citigroup Saying Farewell to Blackberry RIM's Blackberry smartphones are no longer the default choice for corporate employees, a pair of stories released today seem to imply. Computer manufacturer Dell is planning to move its 25,000 employees from RIM smartphones to its own Dell Venue Pro - a phone running the new Windows Phone 7 operating system. Later, the company will permit Android phones as an alternative.

And Dell isn't the only RIM-switcher making headlines today, either. Two of the biggest U.S. banks, Bank of America and Citigroup, are seriously considering the iPhone, it's being reported.

]]> While Dell's news may be more about its own self-interest - after all, it's switching from RIM to a product it intends to sell - the banking corporations decision to mull the iPhone is an example of an ongoing trend.

Last month, Apple reported that 80% of Fortune 500 companies are testing the iPhone, including Procter & Gamble, General Electric and JPMorgan Chase & Co., the latter of which is also considering Android, says Bloombeg

The article also cited an August survey by Sanford C. Bernstein & Co., which found that 74% of U.S. and U.K. companies now let employees use non-Blackberry devices and in the U.S. alone, that number is 83%. Cost and employee preference were the two main reasons for the switch, the poll found.

Cost savings come into play when a company can either partially or entirely eliminate the need for Blackberry servers. In Dell's case, for example, Dell CFO Brian Gladden told the Wall St. Journal that the company will save around 25% in mobile communication costs by moving off of Blackberry.

But for the employees whose Blackberry phones would have to be ripped from their cold, dead hands (as the expression goes), it's not all bad news. According to Bloomberg, Bank of America's 284,000 employees and Citigroup's 258,000 employees would simply have more choice in devices if the companies decide to permit iPhone usage, it wouldn't be a forced switch.

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http://www.readwriteweb.com/archives/ditching_rim_dell_bank_of_america_citigroup_saying_farewell_to_blackberry.php http://www.readwriteweb.com/archives/ditching_rim_dell_bank_of_america_citigroup_saying_farewell_to_blackberry.php Apple Fri, 05 Nov 2010 06:47:18 -0800 Sarah Perez
Mobile Banking on the Rise Earlier this month we reported on a survey that revealed that 48% of online banking customers between the ages of 18 and 34 would be interested in using "secure gadgets for personal banking" if their bank offered them. More than a quarter of bank customers would consider switching to another bank if it took better advantage of web 2.0 technologies. While that survey was flawed in some ways, there is another access point to banking information that customer may want more than secure widgets: mobile.

]]> One third of the world's largest banks are planning to launch mobile services in the next 1-2 years, according to a February 2008 survey. In the US, 53% of banks plan mobile services roll outs over the next two years. And it's easy to see why. The Pew Internet & American Life Project Online Shopping report (PDF) from February found that 39% of Americans are doing their banking on the Internet, and analysts predict that mobile banking will grow to 884 million users worldwide by 2012.

With mobile usage on the rise one major US bank launched a suite of mobile banking services last year. A year later, Bank of America's mobile site has a million unique active user accounts. On peak days, Bank of America sees 100,000 users sign into its mobile services, with more use coming from mobile-savvy city dwellers (where cellular data and wifi coverage are generally better). 80% of the bank's mobile users are under the age of 45, and Bank of America reports that 2/3rds of users are under the age of 35.

Not surprisingly, the most popular devices are smart phones like the iPhone, Blackberry, and Windows Mobile-based phones. With some analysts expecting iPhone sales to triple this holiday season, we're likely to see the up trend in online banking continue. Where do you do your banking? Let us know in the comments.

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http://www.readwriteweb.com/archives/mobile_banking_on_the_rise.php http://www.readwriteweb.com/archives/mobile_banking_on_the_rise.php Mobile Tue, 17 Jun 2008 09:52:11 -0800 Josh Catone
Writer's Strike Helps Online Ad Sales Even with the home mortgage meltdown in the US theatening to pull the econonmy into a recession, analysts feel confident that the online ad market will remain healthy. "We believe the secular growth of the Internet will enable Internet fundamentals to outperform," wrote Piper Jaffray senior research analysts Aaron Kessler and Gene Munster in a report last Monday. "Whereas Internet advertising budgets were the first to be cut during the market crash in 2000, we believe the proven high ROI of online advertising today will make online advertising resilient even with a recession in the United States."

But whether the Internet remains recession-proof or not, the mortgage crisis will affect the world of web advertising in very real ways.

]]> Last week, Larry Dignan pointed out that the recent $4 billion take over of Countrywide by Bank of America will be felt in the wallets of Google, Yahoo! and Microsoft. Countrywide, it seems, has been the web's second most prolific advertiser over the past two months, spending over $57 million in November, and $38 million in December.

"It’s highly unlikely that Bank of America will spend so lavishly on online advertising," writes Dignan. "Simply put, Countrywide’s penchant for advertising will disappear. To Bank of America CEO Ken Lewis Countrywide’s willy nilly ad spending will just be more fat to cut."

The good news for Google, et. al., is that help may be on the way from an unlikely source: the Hollywood writers strike. As the strike drags on, and original primetime TV content dries up, advertisers may begin to jump ship for other mediums. Chrysler, the third-largest automaker in the US, already has, choosing to run ads on sports and the Internet instead of primetime television.

The strike "is changing the whole broadcast model," said Chrysler marketing cheif Deborah Wahl Meyer. While analysts don't think Chrysler's move to jump ship from primetime TV advertising is an indication of a television industry in crisis, it could certainly signal the potential start of a trend. Many striking writers have already turned to the Internet as a place to ply their trade and with advertisers on board, the strike could hasten a paradigm shift in the media landscape that sees content shift from television to web distribution.

Related: Online Ad Spend to Jump in 2008 Thanks to Sports, Politics

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http://www.readwriteweb.com/archives/writers_strike_helps_online_ad_sales.php http://www.readwriteweb.com/archives/writers_strike_helps_online_ad_sales.php Trends Tue, 15 Jan 2008 13:07:59 -0800 Josh Catone