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Dateline: 12 January 2000 Early Edition
Read The Previous Edition

Editorial
The AOL, Time Warner Deal - What Does It Mean For NZ?
So, the world's largest entertainment and content producer has merged with the world's largest ISP -- so what?

Given the paucity of wideband (hi-speed) Internet connectivity here in New Zealand, this probably means very little for us in the short-term -- which is a shame because this deal offers to significantly change the face of the Net.

Of course the deal came as little surprise to those in the industry who have been using this word "convergence" for quite some time now. It has been obvious that the Net and conventional broadcasting and other media were bound to become very tightly linked at some stage.

Even here in New Zealand we almost saw this happen when IHUG and SkyTV came very close to doing a similar deal. Unfortunately it appears that either the cultural or visionary differences between those two parties was just a little too wide -- but I'm pretty sure we'll see something very similar happen here before the year is done.

One similar potential deal that springs to mind within New Zealand would be the prospect of Telecom (XTRA) buying TVNZ if the government decided to sell it.

Possible? Probable? Already being scoped?

My lips are sealed!

Heads-Up: A New World-Beating Product From NZ?
The recent incident in which a hacker stole some 300,000 credit card numbers and details from a US-based e-commerce site should raise a few warning bells for banks, card-holders and vendors alike. The current system is woefully inadequate for preventing fraud and if you ask around you'll probably be very surprised at just how many people you know who've found unexpected and unlawful charges appearing on their credit card statements as a result of such transactions.

It's a piece of cake to find programs on the Net that will automatically create valid credit card numbers. Armed with these numbers, fraudsters can easily visit a number of online stores and try to buy merchandise or services using a range of different dates until they find one that matches the expiry date for that card number. Once they've got this far then the world is their oyster!

It seems that these stolen card numbers are often used to buy "intangibles" such as software or access to porn sites so there's no easy way to track the offender -- and as soon as one card is canceled they just use another.

I have it on good authority that a solution to this problem may soon be available from an NZ source and, if this is the case, it could become one of the most valuable hi-tech developments ever to come out of this country. Let's hope the government gets its finger out and honours its election promise to foster hi-tech start-ups, it would be a shame to see the developers forced take their idea to the USA instead.

 


General News & Current Events:
7am.com | NZL News | AUS News | GBR News | World News

TODAY'S KEY NET-NEWS HEADLINES


Load in new window IT's a rEvolution in cyber-speak
The last year of the millennium was one of dramatic change for the New Zealand information technology industry...
NZ Herald

Load in new window Asian Net firms to go nuts?
Asia's Internet companies are set to hit the merger trail, redrawing the corporate landscape without even spending real cash, a leading high-tech investment banker said Tuesday...
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Load in new window Vodafone Signs Up Big Guns for Internet War
Cellphone giant Vodafone AirTouch Plc signed up nine top Internet, technology and content providers on Tuesday in a bid to outshine German takeover target Mannesmann and claim multimedia leadership...
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Load in new window Reno Wants Anti-Cybercrime Network
Cyberfraud. Hacking. E-kiddyporn -- These new crimes, a menacing side effect of the Internet age, require creation of a national computer network that would allow law enforcement to swoop across jurisdictions and catch cybercriminals in the act, according to Attorney General Janet Reno...
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Load in new window Taiwan aims 1000 viruses at China
The Taiwanese authorities are ready to wage an all-out cyber war with mainland China and have developed 1,000 computer viruses to deploy in the event of an IT attack...
The Register

Load in new window Widespread domain hack hits Emory University, others
A hacker hijacked several Internet addresses over the weekend, confusing computer users and inconveniencing the organizations involved...
CNet

Load in new window Hacker steals passwords from 27 ISPs
A 16-year-old hacker affiliated with the cybergang known as Global Hell compromised at least 27 Internet service providers late last year, stealing passwords and, in some cases, destroying data, according to details of a police investigation released Monday...
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Load in new window Domain name prices drop
Starting on January 15, companies that register large numbers of Internet domain names can benefit from lower, wholesale pricing schemes as well as flexible registration terms ranging from one to 10 years...
CNN/IDG

Load in new window Register.com Latest To Offer Long Domain Names
Continuing an explosion of competition in the domain name registration field, Register.com today became the latest Internet registrar to offer .com names longer than 60 characters...
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