Bank managers and “playing war games” are two things that we never thought we’d see in the same sentence, but today a large-scale exercise to test the ability of UK financial organisations to deal with a potential cyber-attack was launched. The operation was dubbed “Waking Shark 2” and focussed on investment banking, but it also dealt with the availability of cash from ATM machines and a potential liquidity squeeze in the wholesale market, as well as the fall out on social media. The exercise is expected to be one of the largest of its kind and will be coordinated by the Bank of England, the Treasury, the Financial Conduct Authority, as well as staff from high street banks and financial service providers.
After two months of feet-shuffling and an awkwardly notable lack of excuses, the HTC Desire 500 has hit UK shelves. The smartphone is being sold by the Carphone Warehouse in black and, exclusively, white on various networks free of charge with a pay as you go version of the device priced at £179.99 with £10 credit. It packs a 2GHz Qualcomm Snapdragon 200 quad-core processor with 1GB of RAM, a 4.3in LCD screen with a 480 x 800 resolution screen that means a density of 233 pixels per inch, and a 1,800mAh battery giving it up to 12 hours of talk time. The phone was initially penned for European release by late August, but no reason was given when the deadline came and went.
Virgin Media has announced plans to bump up broadband prices by an average of 6.7 per cent from early next year. The Internet giant has justified the hike by saying its download speeds will increase to a top speed of 152MPS as a result. Virgin Media currently offers customers speeds of 120Mbps and the lift to 152Mbps is a significant one as it lets consumers benefit from seamless simultaneous streaming with some 12.5 million homes set to enjoy the new speed. Ofcom figures show that the average residential UK broadband speed is 14.7Mbps, as of May 2013, and that some 19 per cent of UK broadband connections were classed as superfast – up from just 14 per cent in November 2012.
Finally, a Montreal-based business can now proudly call itself the “World’s best statrup” after winning Startup World, a global competition “to find the next Jobs or Zuckerberg”. Formed in 2012, reelyActive is the latest startup to utilise technology to drive innovation in the “Internet of Things” market, which will have 50 billion devices connected to it by 2020. Founded by Jeffrey Dungen, Pier-Olivier Genest and Traian Antonescu, reelyActive aims to "power the next wave of connectivity" by connecting the physical and the digital interactions of people, places and things.