Geek magazine hacker daily blog

Investigation: Whether the trader of UBS directed the financial plot largest in the history (Part 2)

1 year, 5 months ago
Note of the translator: In our blog on Geektimes we tell about work in stock market, we describe how it is influenced by different technologies, and also we sort situations which help to understand the device of the industry of finance better. Today we present to yours the first part of adapted translation according to the link.



The concerned friend of Heys sent it article from Wall Street Journal, but that ignored it as irrelevant: fraud of LIBOR in dollars had no relation to its trade portfolio with LIBOR in yens. In September, 2008 by that moment as Lehman Brothers became the bankrupt, Heys's system worked even better, than earlier. The monetary markets – cardiovascular system of the financial industry – slowed down the work as banks refused to issue each other loans and postponed the means, in fear expecting that someone from their colleagues will not worry this night. Every day originators of a rate of LIBOR did not know what value should be published, and as a result of steel to depend even more on opinion of brokers who, in turn, were bribed by Heys.

The only problem was their payment which had to be so high that those remained are correct Heysu. On September 18, when the market stood waiting, there was a small window during which the markets of Tokyo and London were open. During this window of Heys could not find in any way transactions which were rather large to pay all who had to receive the fixed salary for the works. And here to it the new thought came to mind. He called one of the brokers and suggested to carry out the so-called dummy transaction during which both parties establish transactions through the broker so that any of the parties from this transaction receives nothing, at the same time writing off the commission for the account of the intermediary. Carrying out such operations is forbidden by many firms as no commercial purpose serves and is only method to transfer large volume "бро" – the slang term which designate the commission.

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ModPOS – a trojan to sale

1 year, 5 months ago
We welcome our readers on pages of the blog iCover! It is known that sales volumes, the large-scale actions by retailers made in days increase on orders. And these days hackers have a fine opportunity to approve the perspective types of cyberarms created for active redistribution of cash flows in the most "field" conditions. About such malware – a new trojan of ModPOS, to be exact its most current release which is masterly ground under retailers of the USA and Eastern Europe was told by group of virus analysts of iSight Partners. And this animal, dear readers, is worth it to learn about him "beforehand".


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Investigation: Whether the trader of UBS directed the financial plot largest in the history

1 year, 5 months ago
Note of the translator: In our blog on Geektimes we tell about work in stock market, we describe how it is influenced by different technologies, and also we sort situations which help to understand the device of the industry of finance better. Today we present to yours the first part of adapted translation of a longrid of Bloomberg about Tom Heys's stories, the former trader of UBS bank, successful "Rain man" of stock market which appeared in the center of scandal and got 14-year prison penal for a manipulation LIBOR rate. Important: material rather volume therefore on its reading certain time will leave.



In a deserted trading floor in the building of the Tokyo branch of the bank of UBS Tom Heys sat, having stared in one of eight monitors opposite to it. The crumpled collar, the pale tired face and hair tousled from a habit to finger them during reflections – the British trader was disheveled stronger than normal. On a calendar was on September 15, 2008, and as he remembered later, all looked so as if there came the doomsday.

At Heys's dawn the call from his chief who asked it to be immediately in office woke. The New York financial Lehman Brothers conglomerate was close to bankruptcy. Sitting at the table, Heys watched how the world learns about these news and gradually panics. At such moments of Heys plunged into a semiconscious status, quickly processing a flow of the arriving information in the head and thinking of how it is better to get out of current situation.

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Cyber Monday: only for readers of geektimes of-30% for dedicated servers in the Netherlands and-10% for all other services

1 year, 5 months ago
Cyber Monday — one more holiday of large-scale sales following after Black Friday. This day online stores please buyers with huge discounts and the most profitable sentences. Any queues and a crush in shopping centers — all transactions are made online.

We do not want to remain to the party and decided to offer unique discounts for lease of "iron" under web projects only for readers of geektimes and only for days! In too time we would like to know what discounts this day you are going to use?

Only today from 0:00:01 AM to 11:59:59 PM 30.11.2015 (time Netherlands Western European, a difference about MOSCOW TIME-3 hours) you have an opportunity to rent dedicated servers in the Netherlands at a discount to 30%, having entered a % CYBERMONDAY30 promo code. The sentence extends only to 2 configurations and allows to purchase servers from additional-30% of cost, that is for 48,3$/month and 69,3$/month respectively, and at the choice of the period of payment from 3 months to one year — is even cheaper, that is almost for nothing!




The price received thanks to a promo code will be actual also at service prolongation!

All other www.ua-hosting.company/servers servers and services you can not order at a discount 10% on a % GEEK10 promo code.

To webmasters to whom it is too much resources of a dedicated server, I recommend to pay attention to our virtual servers on a cloud platform in the Netherlands and the USA. You can receive from the 1st kernel of the processor, 1 GB of random access memory, 40 GB of the SSD drive and from 4 TB traffic at a speed of 1 Gbit / with less, than for $4 a month that agree — for nothing!

Successful purchases and fruitful work!

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How to save finance: Methods minimization of risks at investments at the exchange

1 year, 6 months ago


In our blogs on Habré and Geektimes we write about exchange trade much — we sort algorithms of trade strategy and we tell about the existing technologies. However many people are frightened off by risk to lose the money at investments — especially if it is about savings.

In the modern financial market exist about effective methods of minimization of such risks up to their complete elimination — and this is not about bank deposits. For example, the individual investment account (IIA) and the structured products concern to them.

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In the USA for failure to pay taxes will cancel passports

1 year, 6 months ago


In December the Congress of the USA will enter into work the new law granting the right to the government of the country to cancel the passport of the citizen who does not pay taxes to the state. According to the materials Wall Street Journal, the law will also allow officials not to allow to the state debtors to receive the new passport.

Most likely, the law will work since January. It is worth being afraid of loss of the passport to those Americans who owe the state of $50000 or more in the form of not paid taxes, including penalties and percent. According to the Joint Committee on taxation questions, this step will allow the country to save about $398 million within the next ten years.

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Travel online in Russia

1 year, 6 months ago
In this post we want to share with you our new infographics on the basis of the research DataInsight on a subject Travel online. On it we showed who and why traveled this year, and also what competitiveness of the Russian tourist sphere on the international scene. If your travel-project, information to you it is very useful. For communication on any questions and questions of connection of payment acceptance in this industry you can submit the application on the Pay-Travel page is a specialized payment solution for the companies of the tourist industry.

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Educational program about ETF: how to purchase for 50k rubles a piece of a cluster of events and how to compare profitability on it to the bank deposit

1 year, 6 months ago


ETF is, very roughly simplifying, cloudy consumption of events.

Each ETF paper represents an event of fund, and the fund actually is "storage" with events of strictly certain list. For example, at once events of Apple, MS, Google, IBM, Intel, AMD, HP, Symantec, EMC, SAP and other companies integrated by some general sign can enter there. If the companies with this sign are in total stable and grow, then "cluster" wins.

For example, in principle it is clear that the IT sphere will grow the next years (and can prevent unless a global catastrophe). It would be logical to take on a small set of events of each company and to sit to wait for profit. Everyone — because it is unclear which of these companions will survive and as will feel. However in the classical market for this purpose you would need several million dollars.

Naturally, sooner or later there had to be a simple and "humanitarian" tool for those who not the broker also does not want to understand investment subtleties. General automation allowed to collect such infrastructure and to create the tool.

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Do not worry, BitHappy – we tell about the first bitcoin browser

1 year, 6 months ago
The main objective of the first-ever browser for bitcoin is in as much as possible to simplify process of Internet trade in bitcoins and significantly differs from the existing trading floors in a friendly and intuitive and clear inerfeys.


BitHappy integrated a trade Internet zone and payment bitcoin service on one site

The new platform in the market of electronic trading, BitHappy, will allow online sellers and retailers to sell with ease, and to users – to buy goods and services for bitcoins, – by means of the application which developers christened "the first bitcoin browser".

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"The father of bitcoins" Satoshi Nakamoto is nominated for the Nobel Prize on economy

1 year, 6 months ago
The creator Bitkoina is nominated for the Nobel Prize in the field of economy for 2016, despite of what still is known to anybody who is he such. Satoshi Nakamoto's alias was used by the creator of this revolutionary financial system, but all attempts to reveal the personality standing behind it did not lead to anything.


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