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In This Issue.*  Weekly jobs data bolsters the US$… *  EU policy makers switch focus to growth… *  Metals selling is mainly based in the ETFs… *  A nod to my favorite Irishman…And, Now, Today’s Pfennig For Your Thoughts!The weekly jobs numbers give a boost to the US$…Good day…Top of the morning to ya!  I know, I’m a bit early but I’m ½ Irish and absolutely love St. Patricks day, so I figured I can start celebrating a bit early.  Heck, the CFO of Guinness’ parent company Diageo North America was the guest on this morning’s Squawk Box, so everyone is getting started a bit early (more on my ties to Guinness in the last paragraph). Folks in the US administration are certainly celebrating after the weekly jobs indicated the labor recovery in the US has some legs. The number of initial claims for state unemployment benefits dropped by 10,000 to 332k vs. economists expectations of 350k.  The four week moving average for new claims, which is a much better measure of the trend fell 2,750 to 346,750 which is the lowest level in five years.  In a nod to Chuck, I dug around for any ‘adjustments’ or ‘estimates’ which were used for yesterday’s weekly report and could find none, so I do think the report really does indicate the labor market is improving. An improving labor market should be good for the US$ for a couple of reasons.  First, the Fed has tied their monetary policy to the unemployment rate with a goal of 6.5% (still a big drop from the current 7.7%). While 6.5% may still be a long way off, currency traders typically try to get out in front of the Fed, and want to be positioned well before the Fed makes their first move. Stimulus is bad for the dollar since it equates to the Fed printing money and therefore driving the value of the dollar lower.  Any news which would indicate the Fed will be pulling stimulus back away from the markets should be positive for the dollar.And second, an improving labor market will lead to a stronger US economy through higher taxes on both wages and sales – more people earning equates to more money for the government and less spending on social programs (we have more of our citizens pulling their weight).Again, we are still a long way away from a ‘strong’ or even what would be considered a ‘stable’ labor market here in the US.  We will need the initial claims to fall another 50k before we get back to a more ‘normal’ job market, the number of people still receiving benefits is still above 3 million.  But a labor market recovery is a good thing for the US$ and investors definitely need to keep an eye on the jobs data in the coming months.Mike Meyer helped me out this morning and sent me the following information on the US data reports which will be moving the markets this morning:All of the US economic data will be out in the open before most of us reach for that second cup of coffee, so let’s take a look and see what’s on tap. I guess I’ll start with the Empire manufacturing report from March, which is a measure of manufacturing activity in the New York region. Its expected to come in right around last month’s figure of 10, which was the highest since May 2012. While we’re looking at the manufacturing sector, we also have the February Industrial Production numbers that are expected to show an increase from the contraction we saw in January.If we use the higher ISM Manufacturing number and recent retail/consumption reports as a precursor, I would say Feb’s industrial production would have the potential for overshooting the expected rise of 0.4%. The closely tied Capacity Utilization report is also expected to show an increase to 79.4%. With all of this euphoria floating around and the Dow Jones flirting with new record highs, I would say the first printing of the March U. of Michigan Confidence report should really kick some tail. Not that anybody cares about this report anymore, but the January TIC flows are expected to show a decrease and remain well below levels needed to support our deficits. Since the Fed just prints money when needed, this report has fallen from the graces of many economists.Other than that, we get the CPI numbers from February. We’ll see how the markets react to this one, but core inflation as well as the CPI are both expected to show increases. You know our feelings on this report, but it is, what it is. I’m interested to see if the markets will initially try pricing in any imminent stimulus removal assuming the report does actually report an increase. We know the government isn’t going to raise rates at any point in the foreseeable future, but we’ll see if there’s any chatter as to the likelihood of a reduction in the $85 billion that’s still getting pumped in on a monthly basis. Chris again, a big thanks to Mike for all his help in getting the Pfennig out while I’m on the road.  His last point gets back to the Fed and when investors think they will start pulling money back off the table.  The Fed definitely holds all of the cards in this market, as we have become dependent on their steady stream of cheap cash.The dollar actually headed higher today on expectations the CPI numbers will show inflation is in check.  The euro climbed back above $1.30 after EU leaders endorsed ‘structural budgetary assessments’ which basically means they have agreed to roll back austerity demands for many of their members.  France, Spain, and Portugal will be given extra time to bring down deficits.  It is interesting that the focus of the Eurozone has shifted away from ‘crisis mode’ and instead have started to focus on growth again.  This is actually a good thing, and another indication that the sovereign debt crisis is hopefully in the rear-view mirror.But the EU leaders still have a lot of work with unemployment remaining very high (predicted to average 12.2% in 2013) and a GDP which remains in a contraction (predicted to be -.3% in 2013).The Pound Sterling has become a bit of a whipping boy for currency traders, and rightfully so with many indicators pointing toward a triple dip recession.  But the Pound strengthened a bit overnight after BOE Governor Mervyn King assured the markets that policy makers are not trying to weaken the currency.  “Markets determine the level of exchange rate, not us” King said in an interview yesterday.  King may have been successful in jawboning the currency higher in the short term, but the markets will continue to move the currency lower as the BOE continues to increase their QE efforts.  Don’t be faked out by the pounds move higher today, I sure wouldn’t buy into it.Speaking of weakening their currency, Japan’s political parties confirmed Haruhiko Kuroda as the next BOJ Governor.  This was widely expected, and will insure that the BOJ continues on their quest to get inflation in Japan to climb to 2%.  These officials still believe the value of the yen is too high, and will continue feeding liquidity into their markets in order to force the value of the yen lower and attempting to make inflation rise.Precious metals prices continue to remain at what I believe are discount levels.  I did a bit of extra research on gold and silver last night in preparation for an interview I have scheduled with a Bloomberg reporter later this morning.  What I found was that much of the selling which has occurred over the first couple months of this year has been in the ETFs.  A record $4.1 billion of money was pulled out of gold ETFs in February, the largest month of outflows ever and almost twice the previous high.  Investors who purchased these ETFs were seeking short term protection from all of the ‘doomsday’ scenarios surrounding the US budget negotiations and the crisis in Europe.  With the sequester in the rear view mirror, and the European crisis remaining ‘under control’ these investors have decided to sell their ETFs in favor of shifting money into other equities.The physical metals market is still well bid, with some indications we may see another ‘squeeze’ on certain coins.  Our friends over at ‘The 5’ reminded their readers yesterday afternoon that the U.S. Mint suspended distribution of 2013 Silver Eagles only 10 days into the year. According to the US Mint, January sales set an all-time monthly record for Silver Eagles and these sales didn’t slow down much last month when we saw highest sales volume ever for a February. As of this morning 1,601,500 bullion coins have been sold by the Mint during March and if this pace continues March will be another record setting month.Speaking with Tim Smith, the Metals trader at EverBank, this foots with what we have been seeing from our clients.  We have had very few clients selling physical metals, and the overall number of transactions is fairly close to our normal average, but the size of these transactions are down a bit.It all comes back to the fact that ETF trading has caused metals prices to be more volatile and is definitely causing some ‘abnormalities’ in market prices.  As Chuck suggests, investors should look at dips in the price of silver or gold as ‘buying opportunities’.Then there was this… Plane rides provide excellent time to get caught up on all of the reading which tends to pile up. And with a two hour layover on my trip down to Jacksonville yesterday afternoon I had plenty of time to do just that.  As usual I came across what I think is an interesting piece of information for the TTWT section.  The Federal Reserve is changing the timing of the policy statements issued after their FOMC meetings.  Beginning with their meeting next week, the policy statement will be issued at 2 pm Eastern time.  Chairman Bernanke will follow up the policy statement with a news conference at 2:30.  Previously, nearly two hours passed between the time the policy statement was issued and Bernanke’s press conference. Apparently Chairman Bernanke wants to make sure the markets ‘understand’ the policy statement, and don’t misinterpret the intent behind the written words.  In other words, Bernanke wants to make sure he can spin the statement before the markets start to put their own spin on it.  You will recall that one of the first things Chairman Bernanke pledged after assuming the position left vacant by Alan Greenspan was that he would make the FOMC decisions more transparent to investors.  His predecessor was known for crafting policy statements which were difficult to interpret, with the press actually creating the term ‘Greenspeak’ to describe his language.The FOMC will likely keep rates on hold for the remainder of the year, and I don’t think we will get any surprise moves in interest rates.  But the markets will constantly be attempting to decipher when the first move in rates will occur, making the accompanying policy statements all the more important.  This is exactly why Chairman Bernanke is wanting to make sure the markets fully understand what the Fed’s intentions are, and decreasing the time between the statement and his press conference is a way he can have more control on the markets.  Kind of scary, but that is where we have ended up as we have become addicted to the ‘crack’ of easy money being supplied by the Fed.To Recap. The jobs front continues to show improvement as the weekly jobless claims fell another 10k, with the four week moving average dropping to a 5 year low. Things have definitely been moving in the right direction, but we still have a long way to go before the Fed’s 6.5% unemployment target. We have several data reports this morning, which includes the January TIC flows, the February consumer inflation numbers, capacity utilization, and industrial production/manufacturing, along with the March Empire manufacturing and U. of Michigan confidence reports. EU leaders seem willing to lengthen the leash and the BOE explains they aren’t trying to weaken the pound. It appears as though many short term speculators who purchased precious metal ETFs as a way to hedge against the US budget issues and an escalation in the EU debt problems are feeling more comfortable by selling. This just gives those long term investors cheaper levels to buy. Currencies today 3/15/13. American Style: A$ $1.0365, kiwi .8221, C$ $.9797, euro 1.3059, sterling 1.5155, Swiss $1.0604. European Style: rand 9.1814, krone 5.7765, SEK 6.4009, forint 233.46, zloty 3.1774, koruna 19.5636, RUB 30.6716, yen 96.08, sing 1.2488, HKD 7.7582, INR 54.0250, China 6.2170, pesos 12.4274, BRL 1.9717, Dollar Index 82.30, Oil $93.23, 10-year 2.03%, Silver $28.91, Gold $1,592.70, and Platinum $1,595.87.That’s it for today.  Long time readers probably know what’s coming, but we have a number of new readers so I will share my traditional St. Patricks Day story with everyone.  As I mentioned in the opening paragraph, I am ½ Irish thanks to my father who passed away a couple of years ago just days before St. Patricks day.  5 of my father’s brothers and his only sister stayed in St. Louis to raise their families, so St. Patrick’s Day has always been a big party for the Gaffney family.  My father is a first generation American; his father left his home in County Roscommon at the young age of 11 and rode his bike across Ireland to Dublin where he went to work at the Guinness factory in order to earn enough money to come to America.  After a few years, he sailed away from England on a sister ship to the Titanic bound for New York.  As the luck of the Irish would have it, a young Irish lass who would eventually become my grandmother was also on her way to America.  Both ended up coming to St. Louis where they settled down and raised 6 boys and a girl.  So each St. Patrick’s day I raise a pint of Guinness, who financed my Grandpa’s trip to this great land of opportunity.  Happy St. Patrick’s Day to all of you!Chris Gaffney, CFA Vice President EverBank World Markets 1-800-926-4922 1-314-647-3837 read more

Even though the Summit is long over, you can still benefit from every presenter… every panel discussion… every investment recommendation. Order the 2014 Summit Audio Collection and you’ll receive all of that, plus all slides used in the presentations and a bonus highlight reel. Choose between instantly available MP3 files or CDs… or get both for maximum convenience. Order now so that you’re well positioned to thrive in the coming crisis economy. The Fed claims that signs of economic stress are very low, but savvy investors feel otherwise. With geopolitical unrest expanding and central banks doing the opposite of the right things, is a currency crisis barreling toward us? See what Mish Shedlock had to say about the state of world finance at the 2014 Casey Research Summit: read more

Image credit: Marvel Studios via engadget Next Article Free Webinar | July 31: Secrets to Running a Successful Family Business ‘Avengers: Endgame’ Pre-Sales Are Crashing Movie Ticket Sites –shares Add to Queue If you were hoping to snag Avengers: Endgame tickets in a snap when pre-sales opened this morning, you might have been dismayed to see error messages or long wait times on ticket sites. Many of those trying to make sure they can see the Marvel blockbuster as soon as possible were greeted with error codes on several ticket sites in the U.S., U.K. and Canada (including AMC and Cineplex), while others were faced with virtual lines of more than an hour and other problems.The most lucrative ad space in America right now is the Avengers Endgame ticket waiting page pic.twitter.com/cvaciOE6wO— Andrew Watts (@thatswattsup) April 2, 2019Atom told Deadline it sold three times as many tickets in the first hour of pre-sales as it did for Avengers: Infinity War over the same timeframe last year. Pre-orders also outstripped first-hour sales for Star Wars: The Last Jedi. Fandango said it had strong sales too, so at least some people were able to endure the wait long enough to grab their tickets. Movies April 2, 2019 1 min read Register Now » Some Marvel fans had to wait more than an hour to secure their tickets. Kris Holt Learn how to successfully navigate family business dynamics and build businesses that excel. This story originally appeared on Engadget read more

Learn how to successfully navigate family business dynamics and build businesses that excel. ‘Angry Birds’ Maker Rovio Could M&A Soon Image credit: ymgerman / Shutterstock This story originally appeared on Reuters Add to Queue –shares Rovio Entertainment Ltd, the maker of hit mobile phone game Angry Birds, has its eye on an eventual merger or acquisition following its restructuring this year, Kaj Hed, the Finnish firm’s chairman and biggest shareholder said on Wednesday.”There is a clear need for some consolidation to take place here (in Europe), and that is something I’m interested in,” Kaj Hed told Reuters.”As the competition gets tougher, it requires certain scale. There will be a big change in the sector ahead, because it hasn’t settled yet. We are of course interested in participating when that change happens.”Hed was commenting on his strategy after the company announced that its Games and Media business units would be given more independence with the appointment of their own leaders and that Chief Executive Pekka Rantala is stepping down after a year in the job.Having cut jobs and reshaped the business to make it more agile, Hed said the company’s outlook was now bright with a 3D Hollywood movie set for release next May and spin-off games in the works for release in the first few months of 2016.Angry Birds, originally launched in 2009, is the top paid mobile app of all time, and Rovio capitalized on the brand early on by licensing its use on a string of consumer products with ambitions to develop an entertainment brand comparable to Walt Disney.But the licensing business has slowed and Rovio’s earnings are set to fall for a third consecutive year in 2015, prompting it in October to cut 213 jobs, about a third of its total workforce.”When the success came to us, we weren’t ready, it came so quickly,” Hed said. “Now, we are able to handle everything around the (upcoming) movie in a more systematic and professional way.”Sitting on a sofa at the company’s headquarters by the Baltic Sea, Hed, who owns about 70 percent of Rovio, said a public share offer was not under consideration, at least not for now.”We would need to be ready and have a real reason to go public … For me, the only reason to go public is to start consolidating this industry,” he said.Last month, Activision Blizzard announced an acquisition of “Candy Crush Saga” creator King Digital for $5.9 billion, a deal valued at 6.4 times forecast earnings before interest, tax, depreciation and amortization (EBITDA).Last year Rovio made an operating profit of 10 million euros on sales of 158 million euros, down from profits of 36.5 million euros on sales of 173.5 million in 2013.Analysts have raised fears that the movie, with a production cost of around $80 million, might have come too late to reinvigorate the Angry Birds brand. But Hed is optimistic, saying that Rovio has now learned its lessons. NEW MANAGEMENTCompleting the firm’s restructuring chief legal officer Kati Levoranta will take over as the group CEO from the beginning of 2016, while Media and Games units would get a degree of autonomy with the appointment of their own CEOs.Hed and Rantala denied they had any disagreements.The Media unit, including consumer products, will be led by Mikael Hed, a former Rovio CEO and the son of the chairman, while Wilhelm Taht, currently head of external products, takes the helm at the games business.”As we move into the next phase of the Rovio story, we will be getting back to our entrepreneurial roots with the leaner, more agile organization that Pekka leaves us with,” Kaj Hed said in a statement.Asked whether he expects to book in an operating loss this year, Hed declined to say. Results will fall compared with 2014 to cover restructuring costs, he said, but leave it with a clean slate for 2016.Rovio is confident it will see sales growth next year on the back of the movie, new licensing deals such as one with toy maker Lego, and new games, he said.”Visibility for 2016 and 2017 is good and I think the outlook is bright,” Hed said.”We had an exceptional situation a few years ago. I am satisfied with the current situation, because now we don’t have false visions.”(Editing by Mark Potter and Greg Mahlich) Next Article 4 min read Reuters Free Webinar | July 31: Secrets to Running a Successful Family Business Angry Birds Register Now » December 9, 2015 read more

Mark Zuckerberg wants to build an artificially intelligent assistant in 2016 to help run his home and assist him at work, the Facebook Inc. founder and chief executive said on Sunday.Zuckerberg, who commits to a new personal challenge every year, revealed his plan in a Facebook post.”You can think of it kind of like Jarvis in Iron Man,” Zuckerberg wrote, referring to an artificially intelligent butler who appears in the Marvel comic books and movies.Zuckerberg will start the project by exploring existing technology, he wrote. He will then begin teaching the technology to understand his voice so that it will learn to control everything in his home, such as music, lights and temperature.His plans also include teaching the assistant to let friends into his home by looking at their faces when they ring the doorbell, Zuckerberg wrote. The assistant will visualize data to support Zuckerberg at work, he wrote.”This should be a fun intellectual challenge to code this for myself,” Zuckerberg wrote. “I’m looking forward to sharing what I learn over the course of the year.”Other challenges Zuckerberg has taken on in recent years have included reading two books every month and learning Mandarin.Zuckerberg’s Facebook post is available at goo.gl/KLmuXK.(Reporting by Suzanne Barlyn; Editing by Peter Cooney) Facebook CEO Mark Zuckerberg Image credit: Reuters | Carlos Garcia Rawlins | Files –shares Zuckerberg’s 2016 Goal: Create His Own A.I. Butler Add to Queue Reuters Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. This story originally appeared on Reuters Mark Zuckerberg Next Article 2 min read Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals January 4, 2016 Register Now » read more

Opinions expressed by Entrepreneur contributors are their own. Uber CEO Travis Kalanick. Learn how to successfully navigate family business dynamics and build businesses that excel. –shares Free Webinar | July 31: Secrets to Running a Successful Family Business Looking for the latest headlines in small business, innovation and tech? Our Start Up Your Day recaps are posted every morning to keep you current.Profit over production. For the first time, streaming music revenue beat the money made from music downloads in the U.S., reports VentureBeat. Bug bounties. Uber will now pay friendly hackers to find bugs in its technology, according to Wired.  A Google keyboard for your iPhone. The technology company is reportedly developing a tool for iOS that will make search easier and enable feature gesture-based typing on iPhones, according to The Verge. Super! Using the powerful Kepler telescope, NASA caught the immediate aftermath of a supernova, or exploding star, for the first time.A sticky situation. For its latest update, Twitter is doing some soul searching. The question on the table: To enable stickers or to not enable stickers?  Uber Will Pay Hackers Up to $10,000 to Find Bugs in Its Technology– Start Up Your Day Roundup Lindsay Friedman Add to Queue March 23, 2016 Start Up Your Day Staff writer. Frequently covers franchise news and food trends. Image credit: Dan Taylor | Wikimedia Commons 1 min read Register Now » Next Article read more

Source:https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm622715.htm Reviewed by James Ives, M.Psych. (Editor)Oct 6 2018The U.S. Food and Drug Administration today approved a supplemental application for Gardasil 9 (Human Papillomavirus (HPV) 9-valent Vaccine, Recombinant) expanding the approved use of the vaccine to include women and men aged 27 through 45 years. Gardasil 9 prevents certain cancers and diseases caused by the nine HPV types covered by the vaccine.”Today’s approval represents an important opportunity to help prevent HPV-related diseases and cancers in a broader age range,” said Peter Marks, M.D., Ph.D., director of the FDA’s Center for Biologics Evaluation and Research. “The Centers for Disease Control and Prevention has stated that HPV vaccination prior to becoming infected with the HPV types covered by the vaccine has the potential to prevent more than 90 percent of these cancers, or 31,200 cases every year, from ever developing.”Related StoriesLiving with advanced breast cancerHow cell-free DNA can be targeted to prevent spread of tumorsTrends in colonoscopy rates not aligned with increase in early onset colorectal cancerAccording to the CDC, every year about 14 million Americans become infected with HPV; about 12,000 women are diagnosed with and about 4,000 women die from cervical cancer caused by certain HPV viruses. Additionally, HPV viruses are associated with several other forms of cancer affecting men and women.Gardasil, a vaccine approved by the FDA in 2006 to prevent certain cancers and diseases caused by four HPV types, is no longer distributed in the U.S. In 2014, the FDA approved Gardasil 9, which covers the same four HPV types as Gardasil, as well as an additional five HPV types. Gardasil 9 was approved for use in males and females aged 9 through 26 years.The effectiveness of Gardasil is relevant to Gardasil 9 since the vaccines are manufactured similarly and cover four of the same HPV types. In a study in approximately 3,200 women 27 through 45 years of age, followed for an average of 3.5 years, Gardasil was 88 percent effective in the prevention of a combined endpoint of persistent infection, genital warts, vulvar and vaginal precancerous lesions, cervical precancerous lesions, and cervical cancer related to HPV types covered by the vaccine. The FDA’s approval of Gardasil 9 in women 27 through 45 years of age is based on these results and new data on long term follow-up from this study.Effectiveness of Gardasil 9 in men 27 through 45 years of age is inferred from the data described above in women 27 through 45 years of age, as well as efficacy data from Gardasil in younger men (16 through 26 years of age) and immunogenicity data from a clinical trial in which 150 men, 27 through 45 years of age, received a 3-dose regimen of Gardasil over 6 months.The safety of Gardasil 9 was evaluated in about a total of 13,000 males and females. The most commonly reported adverse reactions were injection site pain, swelling, redness and headaches.The FDA granted the Gardasil 9 application priority review status. This program facilitates and expedites the review of medical products that address a serious or life-threatening condition.The FDA granted approval of this supplement to the Gardasil 9 Biologics License Application to Merck, Sharp & Dohme Corp. a subsidiary of Merck & Co., Inc. read more

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. In their secUnity roadmap, 30 renowned European IT security experts of the BMBF-funded secUnity collaboration outlined how digital threats on the European level can be responded to more efficiently in the future. Among these experts also are researchers from Karlsruhe Institute of Technology (KIT). Today, the secUnity scientists will present the roadmap in Brussels and hand it over officially to the ENISA European Union Agency for Network and Information Security. Information transmission, transport, industrial production, research, administration—hardly any area can manage without modern information and communication technologies. At the same time, the number of cyber attacks that become known is increasing constantly. Such attacks on digital infrastructures by criminals or state organizations threaten our prosperity, the security of our societies, and eventually, our freedom and democracy. At an evening event at the representation of the state of Hesse with the European Union in Brussels, secUnity scientists will discuss “Civil Cyber Security Research for Digital Sovereignty” with representatives of the European Parliament and European Commission. Then, the secUnity roadmap will be published officially and handed over to the European Union Agency for Network and Information Security.”The hazard potential of cyber attacks in highly developed countries cannot be overestimated,” warns Professor Jörn Müller-Quade, Spokesman of KIT’s Competence Center for IT Security KASTEL. Within secUnity, IT security experts from all over Germany cooperate. Apart from the three national competence centers KASTEL, CRISP, and CISPA, specialists of the universities of Darmstadt and Bochum and of the Fraunhofer Institutes for Applied and Integrated Security (AISEC) and for Secure Information Technology (SIT) are involved.Cyber security experts have long criticized that companies and public institutions are not adequately prepared for digital threats. On the contrary: due to progressing networking and digital trends, such as Industry 4.0, smart homes, or autonomous cars, potential points of attack by cyber criminals even increase. In the roadmap initiated by the secUnity collaboration and funded by the Federal Ministry of Education and Research (BMBF), more than 30 European authors now identify future challenges and potential solutions. Among the problems analyzed are the security of embedded systems, machine learning, lacking awareness, and fake news. Then, measures to enhance security are outlined.The experts strongly criticize the frequent use of hardware solutions without any IT security check. This threatens digital sovereignty of Europe. “This situation might be improved by European testing institutes that independently analyze the technology,” says Professor Michael Waidner, Director of the National Research Center for Applied Cyber Security CRISP and of the SIT Fraunhofer Institute in Darmstadt. Moreover, open-source software and hardware solutions should be developed transparently in the EU. But approaches to developing trustworthy European solutions are not sufficient to effectively protect interconnected systems, as they will continue to incorporate a large number of inexpensive, but insecure hardware and software components in the future. Using the smart home as an example, Professor Claudia Eckert, Director of the AISEC Fraunhofer Institute in Munich, says: “We need solutions to minimize the risks of such components and to operate the systems in a resilient way. Cameras, door openers, heating controls, any automatic device at home may be the gateway for big attacks. Secure gateways to connect insecure components ensure that sensitive information will not leave home and control components cannot be accessed from outside.” Resilience in spite of uncalculable components has to be guaranteed in particular for critical infrastructures, such as healthcare and energy supply systems, as well as for public authorities and companies.Development of quantum computers that is being pushed worldwide also entails major risks. Jörn Müller-Quade warns: “A quantum computer big enough to threaten the security of current cryptographic methods has not yet been built, but this might change quickly. Current progress in quantum technology is such that we have to take precautions today already. We have to provide our complex interconnected systems with reliable encryption methods. These still remain to be studied in more detail.”Also artificial intelligence methods with their many new applications are associated with severe risks for IT security: machine learning processes can be attacked easily by specific manipulations during the learning and operation phases. “Before these technologies can be applied in critical areas or to improve the quality of life, trust in these processes and in their reliability will have to be placed on a scientific basis,” Professor Thorsten Holz from Ruhr-Universität Bochum demands.The new opportunities associated with the information society, such as smart grids that make everyday life more comfortable and help save energy, give rise to questions regarding the legal basis and in particular data security legislation. “In view of the fundamental risks caused by the digitization of entire industry sectors and of critical infrastructures, such as power and energy supply, we urgently need a harmonized legal framework for IT security in Europe,” says Dr. Oliver Raabe of KIT’s Center for Applied Legal Studies (ZAR). Legal standards as to which risks are acceptable and which security measures can be taken by companies still remain to be developed. The same applies to requirements relating to quality assurance and integrity of big data.In addition, citizens who increasingly use complex communication systems have to be supported in protecting their privacy and IT security. “Research is therefore aimed at e.g. developing methods for a privacy advisor. When uploading photos or messages, such methods are to assess the risks and to reveal how much additional private information is disclosed by the publication. This would help citizens use social networks confidently,” says Professor Michael Backes, founding director of the CISPA Helmholtz Centre for Information Security.As data inventories are getting larger and larger, many companies will be given new possibilities of innovation, but there will also be the risk of losing an apparently secure market position in the digital era. “Data as such are not the petroleum of the 21st century. They will only come into value, if business models are developed that make them valuable. And valuables deserve special protection,” explains Peter Buxmann, CRISP scientist and Professor of Information Systems and Information Technology as well as Director of the HIGHEST startup innovation center of Technische Universität Darmstadt. Citizens have to become aware of the value and protection needs of their data. On the other hand, use and further processing of data have to be transparent and fair price models of suppliers have to be implemented. “Politically speaking, we should therefore move away from the principle of data economy towards data sovereignty and we should request and support fair business models,” Buxmann underlines.”To master all these challenges, civil cyber security needs an interdisciplinary network of experts for civil cyber security research on EU level,” summarizes secUnity speaker Jörn Müller-Quade. Credit: CC0 Public Domain Explore further Smart home systems need to improve security Citation: Roadmap for cyber security research (2019, March 12) retrieved 17 July 2019 from https://phys.org/news/2019-03-roadmap-cyber.html Provided by Karlsruhe Institute of Technology More information: For further information, click here: it-security-map.eu/en/home/  read more

Asian News International JammuJuly 12, 2019UPDATED: July 12, 2019 20:42 IST The Jammu Tourism Department along with a private partner started an open bus service ‘Jammu Darshan’. (Represntative image/ANI)The Jammu Tourism Department along with a private partner started an open bus service ‘Jammu Darshan’ to ferry tourists across various destinations in Jammu.OP Bhagat, Director of Tourism, said, “Because of Amarnath Yatra, people are coming in good numbers this year, therefore, the tourism department is taking this opportunity to promote tourists places in Jammu.””There is a good response to this service and most of the pilgrims who have come for Amarnath Yatra are enjoying this bus service ‘Jammu Darshan’,” said a pilgrim.The first batch of pilgrims left for Amarnath cave shrine from Baltal base camp on July 1, kicking off the annual pilgrimage to the 46-day-long yatra.Situated at an altitude of 3,888 m, the Amarnath cave is considered as one of the holiest shrines for Hindus.The Amarnath Yatra is conducted every year during Shravani Mela, which starts from July and continues till August. The Yatra takes place from the traditional 36-km Pahalgam track in Anantnag district and 14-km Baltal route in Ganderbal district.The holy cave remains open during this period and it attracts lakhs of pilgrims.ALSO READ | Over 1.44 lakh pilgrims perform Amarnath Yatra in 11 days TALSO READ | Another batch of over 5,000 pilgrims start Amarnath Yatra from JammuALSO WATCH | Day before Amarnath Yatra begins, Modi govt tightens security arrangementsFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byShahrukh Tags :Follow PilgrimFollow bus serviceFollow Amarnath YatraFollow Jammu tourismFollow Jammu Jammu Darshan bus service launched in J&K to promote tourismThe Jammu Tourism Department along with a private partner started an open bus service ‘Jammu Darshan’ to ferry tourists across various destinations in Jammu.advertisement Next read more