Tech Bytes to Know this Week: 10.25.2016October 27th, 2016
DDoS Attack on Unsecured IoT Devices Takes Down Large Swaths of the Internet – DDoS attacks using massive botnets are becoming the new normal. This week a massive attack on Infrastructure provider, Dyn, used a large number of IoT devices to create a botnet that attacked the company several times and took out companies using Dyn’s services, including Amazon, Netflix and Twitter. Security experts have long warned that unsecured or weakly secured IoT devices were a potential threat, but little has been done to improve the devices. For a clear technical understanding of what happened, you should really head over to former Washington Post reporter (and victim of a record DDoS attack last month) Brian Krebs’ blog, KrebsonSecurity.
Read More: What We Know About Friday’s Massive East Coast Internet Outage
Read More: Dyn Statement on 10/21/2016 DDoS Attack
Read More: Who to Blame for the Attack on the Internet
Read More: A New Era of Internet Attacks Powered by Everyday Devices
Read More: The Internet Apocalypse Map Hides the Major Vulnerability that Created It
Read More: KrebsonSecurity Blog
AT&T-Time Warner Deal Likely to Stir Debate – In a deal that is likely to face significant scrutiny from regulators, AT&T announced a deal to buy Time Warner and all that content. The move is considered to be a similar deal to the Comcast-NBC Universal deal in 2009, but with the added bonus of a wireless and streaming business as part of the AT&T portfolio. As such, I expect regulators to take their time and scrutinize the deal, but they should also consider the changes that have taken place in the digital media and delivery space over the last seven years. The world is moving toward streaming of content and the combined power of AT&T and Time Warner would play in both the traditional cable market and the new streaming space. The DirecTV streaming service announced last month would be a lot more competitive if it included all of Time Warner’s content (HBO, Tuner, CNN). Since DirecTV already owns rights to all NFL games and Tuner is known as the NBA’s home on cable, it could also be a significant player in live sports.
Read More: AT&T Will Buy Time Warner for $85 billion. Now What?
Read More: AT&T Is Buying Time Warner Because the Future is Google
Read More: How the AT&T-Time Warner Deal Could Escape Deeper Regulatory Scrutiny
Read More: AT&T’s New Streaming Service, DirecTV Now, Just Got a Lot More Interesting
Netflix Grows Faster than Expected, but Decides to Pass on China (For Now) – Lending more weight to the AT&T argument that the future is streaming and they would not harm but enhance competition, Netflix saw a surge of signups in Q3 (3.2 million to be exact). The growth was driven by its continued development of original content and global expansion. The news came despite a price increase, which typically brings with it a dip in subscriptions, but the popularity of new original series Stranger Things and Narcos helped to drive the company forward and offset subscriber losses due to price sensitivity. In related news, the company announced it was temporarily pausing its plan to enter the huge Chinese market due to regulatory complexities and censorship of streaming content. When former Netflix VP of Product, Gib Biddle T’91, spent time on campus as part of our annual Britt Technology Impact Series he discussed the move into China as the next strategic push by the company. Netflix isn’t scrapping its Chinese wishes altogether and will partner with existing platforms until it can sort through the various limitations and government-created barriers to streaming in the country.
Read More: Netflix Shares Soar on News it Added 3.2 Million Subscribers Last Quarter
Read More: Netflix’s New, Brilliant Strategy for China is to Stay the Hell Out of the Country
Read More: Netflix Says Everyone Loves ‘Stranger Things’ and ‘Narcos,’ and Investors Love Netflix (again)
Read More: Netflix Earnings: What We Got Wrong
Sharing Economy Under Threat in New York – New York Governor, Andrew Cuomo, signed into a bill pushed by hotel unions that places a number of new limit airbnb in the form of short-term rental regulations. The bill prohibits owners of an apartment from advertising short-term rentals in multi-unit buildings unless the owner will be sharing the apartment with the guests. In other words, you can put your place on airbnb for a visiting guest, but not as a more regular form of generating income. The Governor claims the bill is designed to ease pressure on the rental market in New York City, but considering it was pushed by the hotel union, it’s hard to see it as anything other than an attack on airbnb and sharing economy business models. We’ve seen this approach from traditional players, such as taxi unions, that respond to a new business model that customers want not with innovation, but regulatory pressure. It’s always a losing bet to choose lobbyists over customers in the end, but it can allow some relief in the short-term.
Read More: Airbnb Sues Over New Law Regulating New York Rentals
Read More: New Airbnb Law Causes Stir in NYC
Read More: Airbnb Is Fighting for Its Life in Its Biggest Market
Read More: Airbnb Sues New York City
Featured CXOTalk Video of the Week: Episode #8: COO, Client and IoT Business Systems, Intel
Kim Stevenson is the Chief Information Officer at Intel. Previously, Kim was the Vice President of IT and the General Manager of Intel’s worldwide infrastructure components.