Hackers can pilfer credit card data from second-hand Xbox 360s: researchers warn

Hackers can pilfer credit card data from second-hand Xbox 360s: researchers warn

Researchers have warned that hackers can pilfer credit card information from second-hand Xbox 360 games consoles, even if the original owner restores the console back to factory settings and wipes out its hard drive.

A team of researchers led by Ashley Podhradsky of Drexel University revealed that they purchased a refurbished Xbox 360 console from one of Microsoft's authorized retailers, and downloaded a basic modding tool that allowed them to gain access to files and folders in the console, and eventually to dig out credit card information related to the original owner.

In an interview with gaming blog Kotaku, Podhradsky warned that extracting credit card information from used consoles might be an easier process for hackers.

She held software giant Microsoft responsible for the weakness, saying the company didn't do a great job to protect users' data.

Speaking on the topic she said, "Microsoft does a great job of protecting their proprietary information. But they don't do a great job of protecting the user's data."

The Redmond-based software firm will now have to verify why the factory reset option is not removing users' data.


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BMC urges traders to call off strike over LBT issue

BMC urges traders to call off strike over LBT issue

The Brihanmumbai Municipal Corporation (BMC) on Thursday urged traders to call off their strike in opposition of local body tax (LBT), stressing that it was open for discussions over the issue.

Municipal Commissioner Sitaram Kunte said that the traders' stir against LBT, which entered the 26th day, was causing a big inconvenience to the citizens.

Speaking on the topic, Kunte said, "The Mumbai Municipal Corporation Act, 1888 needs to be amended to introduce LBT in the city. We are still drafting amendments to the Act and rules based on which it would be executed."

India’s demand for gold jumps 27% in Q1 of 2013

India’s demand for gold jumps 27% in Q1 of 2013

While the global demand for gold declined 13 per cent in Q1 of this year, India's demand for the precious yellow metal jumped 27 per cent year-on-year, according to latest figures released by the World Gold Council
(WGC).

Indians' demand for jewellery jumped 15 per cent year-on-year to 159.5 tonnes in the first quarter of 2013, while investment demand climbed a whooping 52 per cent to 97 tonnes.

China reported gold demand growth at 27 per cent. Therefore, India's demand growth for the yellow metal surpassed China's demand growth by 7 per cent.