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Daily News: "Stocks rally, then plunge in last hour"

08/27/2015

Daily News: "Stocks rally, then plunge in last hour"

. . . "It's been crazy," said Robert Chersi, a professor of finance and economics at Pace University's Lubin School of Business and a former CFO of Fidelity Investments.

"We haven't had a change of more than 3% in any given day in months, and then suddenly there have been these big swings intraday and end of day," Chersi told the Daily News. "Is it all China-related? It's too short a period to know what's really driving it."

Read more: http://www.pressreader.com/usa/new-york-daily-news/20150826/281492160069...

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The Hill: "Science Foundation pumps more money to cyber training"

08/26/2015

The Hill: "Science Foundation pumps more money to cyber training"

The National Science Foundation has awarded New York’s Pace University a $2.5 million grant to train young cybersecurity professionals.

The five-year grant will directly support three to four students per year, as well as contribute to outreach programs and student research.

Read more: http://thehill.com/policy/cybersecurity/251982-science-foundation-pumps-more-money-to-cyber-training

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San Jose Mercury News: "Instagram making you sad? Blame the Kardashians"

08/25/2015

San Jose Mercury News: "Instagram making you sad? Blame the Kardashians"

Shira Hecht keeps up with all her friends on Instagram, but she still hasn't met most of the 896 people she follows.

 
 

You might recognize some: January Jones, Lindsay Lohan, Nicki Minaj, Justin Timberlake, Gisele Bündchen, James Franco, Azealia Banks, Lena Dunham, Kendrick Lamar, Mindy Kaling, Reese Witherspoon, Channing Tatum, Scarlett Johansson, Giorgio Moroder, Taylor Swift and Robert Downey Jr.

 
 

"And all the Kardashians, obviously," Hecht said. "I guess that's kind of the point of Instagram."

 
 

It could also be making some of its 300 million users sad, according to a recent psychological study that examined the emotional toll of obsessing over the photo-sharing social network and following too many strangers.

 
 

"There is growing evidence that following strangers on (social networks) and comparing oneself to others have important implications for well-being," said the study published in the May edition of Cyberpsychology, Behavior and Social Networking.

 
 

As more people spend their time on Internet social media networks, micro-blogs and text-messaging platforms, "there's a real surge of studies trying to understand the impacts," said study co-author Leora Trub, an assistant professor of psychology at Pace University, in an interview.

Read more: http://www.mercurynews.com/business/ci_28683180/instagram-making-you-sad-blame-kardashians

 

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SC Magazine: " Pace University awarded $2.5M from NSF to train cybersecurity students"

08/24/2015

SC Magazine: " Pace University awarded $2.5M from NSF to train cybersecurity students"

Pace University's Seidenberg School of Computer Science and Information Systems said Monday it had received a $2.5 million grant from the National Science Foundation (NSF). The award will support three to four cybersecurity students annually, further student research in cybersecurity and assist in outreach programs.

Read more: http://www.scmagazine.com/nsf-gives-pace-25m-for-cybersecurity-students-research-and-outreach/article/434354/

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Homeland Security Today: "$2.5 Million Grant to Train Cybersecurity Professionals Given to Pace University"

08/24/2015

Homeland Security Today: "$2.5 Million Grant to Train Cybersecurity Professionals Given to Pace University"

A $2.5 million grant from the National Science Foundation (NSF) to Pace University’s Seidenberg School of Computer Science and Information Systems to help train the next generation of cybersecurity professionals.

Read more: http://www.hstoday.us/briefings/daily-news-analysis/single-article/25-million-grant-to-train-cybersecurity-professionals-given-to-pace-university/fa255c81e6d53ae0ebde644e66b8d0c4.html

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PACE UNIVERSITY RECEIVES $2.5M GRANT FROM NATIONAL SCIENCE FOUNDATION TO TRAIN NEXT GENERATION OF CYBERSECURITY PROFESSIONALS

08/24/2015

PACE UNIVERSITY RECEIVES $2.5M GRANT FROM NATIONAL SCIENCE FOUNDATION TO TRAIN NEXT GENERATION OF CYBERSECURITY PROFESSIONALS

NEW YORK, NY, August 24, 2015 – Many of the brightest stars in the next generation of cybersecurity professionals are being trained at Pace University’s Seidenberg School of Computer Science and Information Systems thanks in part to a $2.5 million grant from the National Science Foundation (NSF).

This project is an extension of a previous CyberCorps program that received $1 million from the NSF from 2010 through this summer. The new NSF award will bring the additional $2.5 million to advance Pace’s program over the next five years.

The grant will support 3 to 4 cybersecurity students annually, assist student research in cybersecurity, and direct several outreach programs such as the GenCyber cybersecurity program for high school teachers. The 2015 Pace GenCyber summer program for high school teachers was held in July. 

Congresswoman Nita Lowey has supported Pace and the CyberCorps initiative for several years. “Safeguarding sensitive personal and corporate information must receive outsized attention in our 21st Century economy,” said Lowey. “I’m pleased these federal investments will help enhance cybersecurity education at Pace University so we can develop the professionals necessary to combat the increasing threat of hackers and cybercriminals worldwide. As Ranking Member on the House Appropriations Committee, I will continue fighting for investments that address pressing national security needs.”

“I am pleased to announce the awarding of this grant which will support a number of new students who wish to enter the emerging field of cybersecurity at Pace University,” said United States Senator Charles E. Schumer. “This funding will assist student research in cybersecurity, and direct several outreach programs – including running the GenCyber cybersecurity teachers’ workshop, a two-week program for teachers to learn how to teach cybersecurity. Cybersecurity has become an issue which affects millions of Americans as well as our critical infrastructure and national security. It is paramount that we have the training and emerging workers to address and enter this field, and I know Pace University will offer top-notch instruction to prepare these students to tackle these emanate threats.”

Joseph Ryan, PhD, the co-principal investigator on this grant, recognizes the gravity of the situation the country is facing.  As an expert on homeland security and chair of Pace University’s master’s degree in the discipline, he notes that, “less than five years ago, no one was concerned about cyber security. Today, the FBI is recognizing it as the number one threat to our security. Hackers have the ability to enter our secure systems, such as power and electric, and shut it down. This grant is a major step toward securing our country.”

“With the continuous support from the NSF, Pace’s CyberCorps program is expecting to produce the next generation of cybersecurity professionals who can fit into the workplace with not only their computing expertise but also practical hands-on skills and problem-solving capabilities,” said program director, Professor Li-Chiou Chen. “Through our academic programs in the Bachelors’, Masters’ and Doctoral’ levels, the Seidenberg School has already established a great network of alumni working in the cybersecurity area in both private and public sectors, including FBI, DoD, and New York State, the new CyberCorps award will allow us to further strengthen the professional preparation of our cybersecurity students and to enhance our student pipeline through academic outreach to community colleges and high schools.”

Students who receive scholarships through this grant go on to work in government agencies for a designated period of time after graduation. The grant will support eligible cybersecurity scholars who are current Pace students, transfer students from community colleges, and new graduate students from other universities. All students supported by the grant are required to fulfill core curriculum requirements in both cybersecurity and mathematics, as well as take courses in either criminal justice, business administration, or another discipline. The students will also complete research projects and professional development activities.

Pace has been a designated National Center of Academic Excellence in Information Assurance Education (CAEIAE) by the National Security Agency and the Department of Homeland Security since 2004.

The grant supports the project, “A Multiple Pathway Approach to CyberCorps – Renewal,” directed by Pace professors Li-Chiou Chen, PhD, Joseph Ryan, PhD, Darren Hayes, PhD, and Andreea Cotoranu. This project extends the CyberCorps: Scholarship for Service (SFS) program at Pace. This program prepares graduates to excel in cybersecurity tasks in specialty areas such as information assurance compliance and auditing, network security administration, and digital forensics.

About Pace University: Since 1906, Pace University has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Dyson College of Arts and Sciences, Lubin School of Business, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. Visit www.pace.edu.

# # #

Media Contact: Cara Cea, Pace University, (914) 906-9680, ccea@pace.edu

 

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McClatchy Washington Bureau: "State Department did nothing to protect Clinton emails after hack"

08/21/2015

McClatchy Washington Bureau: "State Department did nothing to protect Clinton emails after hack"

. . . A State Department official who is knowledgeable about the government’s response to the Blumenthal hack confirmed that the department did not investigate. The official refused to say if the discovery of the hack is what alerted the department to the existence of Clinton’s private server. The official could not speak publicly as a matter of practice.

“We would not address the security of a system of an individual who was not employed at the time with the federal government,” the official said.

Because Blumenthal did not work for the government, the official said, the correspondence did not likely include sensitive information.

However, revelations that the State Department failed to take action after the hack by Romanian Marcel Lazar Lehel is prompting criticism of Clinton’s decision to use her own server.

“The State Department has shown an unfathomable indifference to Secretary Clinton’s email arrangement from the very beginning,” said Rep. Trey Gowdy, chairman of the House committee investigating the fatal attacks in Benghazi, Libya, in 2012. “This is evidenced by their acquiescence in allowing the private server from the very first day, a failure to preserve and protect the public record during . . . her tenure, and a failure to seek the return of the public record until a committee of Congress essentially insisted it be done.”

Once the Blumenthal hack occurred, the domain name for Clinton’s host server was easily obtainable and her account was likely vulnerable, said Darren Hayes, director of cybersecurity at the computer science school at New York’s Pace University. Clinton changed her email address after the hack. In June 2013, she also hired a Colorado firm to manage her email server.

“Somebody could look up information about the registrar for that domain name,” identify the unique IP address for her account, locate the email server “and find out what vulnerabilities might be associated with that server,” Hayes said.

He said that “there were certainly some security precautions that the State Department and others could have suggested.”

Read more: http://www.mcclatchydc.com/news/politics-government/election/article31628900.html

 

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E-Commerce Times: "Bezos Rebuffs Expose of Amazon's Cold-Blooded Culture"

08/20/2015

E-Commerce Times: "Bezos Rebuffs Expose of Amazon's Cold-Blooded Culture"

. . . "Amazon has a very strong culture, and a strong culture can be a very good thing," said Eric H. Kessler, a management professor at Pace University's Lubin School of Business.

"Strong culture does allow a lot of very good things for success. It gets people on the same page. It defines their mission -- and it defines how they get to the mission," he told the E-Commerce Times.

"However, strong culture also has its downside. Any way of seeing is a way of not seeing. If you're too cohesive, it can put blinders on you," Kessler cautioned.

Read more: http://www.ecommercetimes.com/story/Bezos-Rebuffs-Expose-of-Amazons-Cold-Blooded-Culture-82388.html

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Inc.: "What You Can Learn From Carly Fiorina's Smackdown of Trump"

08/19/2015

Inc.: "What You Can Learn From Carly Fiorina's Smackdown of Trump"

. . . Her record at Hewlett-Packard, which she led form 1999 until 2005, is controversial at best. Under her leadership, the company’s share price decreased by more than half, she oversaw the layoffs of tens of thousands of employees, and she engineered a merger with computer maker Compaq that resulted in an ugly public feud with Hewlett family members. Fiorina was also ultimately fired by the computer company’s board.

With those things in mind, Fiorina’s strategy then, as now, is closest to something called agency theory, says Bruce Bachenheimer, a clinical professor of management at Pace University in New York.

Loosely defined, it describes the way public shareholders hire agents--such as chief executives--to make decisions for their companies. Sometimes these agents don’t work in the best interests of the company, Bachenheimer says, which could include having a greater appetite for risk than the owners have, because it’s not really their money at stake. And that appetite for risk sometimes increases as a company underperforms, because the agent’s skin in the game--such as stock options--are worth less. So it can cause an agent to aim for the bleachers, in an all or nothing strategy.

“For Carly Fiorina, it was worth taking a risk [in the debates], because the consequences would have been death by a thousand cuts, and becoming completely marginalized,” Bachenheimer say. “By attacking Donald Trump, she could get to five or seven percent in the polls.”

Read more: http://www.inc.com/jeremy-quittner/why-carly-fiorina-is-like-sodastream-for-republicans.html

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Associated Press: "Probe of Clinton’s server could find more than just emails"

08/18/2015

Associated Press: "Probe of Clinton’s server could find more than just emails"

Photo: Democratic presidential candidate Hillary Rodham Clinton speaks during a news conference during a visit to the Iowa State Fair, Saturday, Aug. 15, 2015, in Des Moines, Iowa. (Charlie Neibergall/Associated Press)

. . . Since her server was first installed in 2009, it most likely was a traditional hard disk-based device rather than a newer solid state unit — which only have become commonly used in the last two or three years, said computer scientist Darren Hayes. Solid state drives, until recently, were much more expensive than their counterparts for storing lots of data.

Forensics experts would have an easier time retrieving erased data from such older, disk-based servers because those units are not as efficient in deleting material, said Hayes, assistant professor and director of cybersecurity at Pace University’s School of Computer Science and Information Systems in New York.

“A hard disk drive is very difficult to manipulate,” he said. “Once you get your hands on a hard drive, there’s a lot you can recover.”

Even after files are marked for deletion on a disk, Hayes said, their contents remain on the drive and can be retrieved. Even if the full file is gone, fragments can be pulled off the drive and sometimes a complete email file can be found inside other files marked for deletion.

Read more: http://www.cbsnews.com/news/probe-of-hillary-clintons-server-could-find-...

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