Cable & Wireless Sells US Operations in Bankruptcy Deal
The purchase by a unit of Gores Technology Group allows Cable & Wireless to exit its unprofitable US hosting business, which includes assets bought from Exodus and Digital Island. The bankruptcy filing will allow the company to dramatically slash the cost of exiting leases of surplus data center facilities. Under Chapter 11, debtor companies can reject leases for unneeded properties, and renegotiate leases to reduce costs going forward. As part of the bankruptcy filing, Cable & Wireless will provide the US unit with $100 million in debtor in protection (DIP) financing. This type of loan must be repaid prior to pre-bankruptcy financial obligations.
Continue readingBanking fraud targets National Westminster customers
Conventionally, the drop sites for these attacks are hosted in Asia, however the ip address in this mail is registered to Pacific Bell, and is most plausibly a Pacific Bell ADSL customer machine acting as a reverse proxy to the actual machine collecting the Nat West customer banking details. Continue reading
Visa account holders targetted by fraudsters
New York Internet most reliable hosting company site during November
Sites running on BSD operating systems occupied six out of the first seven places: Secure Dog Hosting runs OpenBSD, while New York Internet, INetU, USWest, IPowerweb, and Yahoo all use FreeBSD.
November 1st - November 30th
Gentoo Linux Server Compromised
The Gentoo event comes just two weeks after a server compromise at The Debian Project was traced to an exploit in the Linux kernel that allowed local users running Userland software to upgrade their privileges to root.
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