LBN- Special Report- Friday

*Report: 911 Systems Can Easily Be Hacked:

The 911 emergency phone systems operating throughout the U.S. can easily be hacked and could knock out an entire state’s ability to respond in a disaster, Israeli researchers report. Thesystem, which was implemented in 1968, could be disabled through a “telephony denial-of-service” attack (TDoS), according to the team at Ben Gurion University, which made their report public Friday after recently presented it to the Department of Homeland Security. Using this strategy, a malicious hacker could “infect” mobile phones, creating enough fake 911 calls to overwhelm call centers, and keep actual people in emergencies from reaching a dispatcher or operator. To disable an entire state the size of North Carolina, the tactic would require only about 6,000 infected phones. To disable the entire nation’s 911 phone system, about 200,000 phones would have to be infected.

*Obama: N. Korean Nuke Test ‘Grave Threat’:

President Obama released a statement Friday condemning North Korea’s latest surprise nuclear test. He called it a “grave threat” to “international peace and stability.” The test, which created a quake that registered as a 5.3-magnitude seismic event, was widely denounced by neighboring countries and international watchdogs. “North Korea stands out as the only country to have tested nuclear weapons this century,” Obama said, calling Pyongyang’s campaign of ballistic missile launches “unprecedented.” He added, “To be clear, the United States does not, and never will, accept North Korea as a nuclear state.”

*France Foiled Gare de Lyon Attack:

Officials in France say they foiled an attack on the Gare de Lyon, one of the busiest train stations in Paris. Three women were arrested this week near Paris in connection with the planned attack, which was set to take place Thursday, said French Interior Minister Bernard Cazeneuve. The women—ages 19, 23, and 39—had been linked to the car found last weekend at the Notre Dame cathedral with gas cylinders inside. Cazeneuve called the women “radicalized and fanaticized,” and he said they were preparing to carry out a “new and imminent violent action.” He characterized the attempt to stop their attack as a “race against time.” Meanwhile, CNN reports that security officials in Europe also say that at least 30 ISIS militants involved in the Nov. 13, 2015, Paris terrorist attacks remain at large.

*WHO READS LBN? Prominent Music Attorney, John Branca:

*Japan, China Test for Radiation After N. Korea’s Nuclear Test:
Authorities in Japan and China began testing the air for radiation after monitors on Friday detected artificial seismic activity from what was confirmed to be North Korea’s fifth nuclear test. South Korean President Park Geun Hye slammed North Korea for its “fanatic recklessness” in conducting the test, and Japan’s Prime Minister Shinzo Abe said it was “not acceptable.” “If North Korea did conduct a nuclear test, it is absolutely not acceptable, and we must lodge a strong protest,” Abe told reporters in the hours before Pyongyang confirmed the blast. U.S. authorities said they were also monitoring. While the test was initially reported as an earthquake, the U.S. Geological Survey described all seismic activity in the area as an “explosion.”

*Serena Loses in U.S. Open Semis:

Serena Williams, the No. 1 seed at the U.S. Open and regarded as a heavy favorite to win the title, lost to the No. 10 seed Karolina Pliskova in its semifinals Thursday night. The score was 6-2, 7-6. This is the second year in a row that Williams lost in the semifinals of the contest and she was on her way to hitting the record for Grand Slam titles in the Open Era.

*WHO READS LBN? Actress and comedian Erica Rhodes

*LBN-BUSINESS INSIDER:   ***In the wake of the 2008 financial crisis, private equity suffered a rare setback on Capitol Hill. The Dodd-Frank Act, the sweeping legislation passed in response to the crisis, saddled the industry with new regulations. The largest private equity firms, which had operated for decades with relatively little federal oversight, suddenly faced regulatory exams and reporting obligations. But the industry did not give up. Six years after Dodd-Frank’s passage, these firms are now lobbying Congress to undo some of the recent requirements — and the House of Representatives appears poised to do so. On Friday, the House is scheduled to vote on the Investment Advisers Modernization Act of 2016, a bill championed by the private equity industry’s trade group.

*LBN-COMMENTARY by Tom Ajamie (Prominent attorney, Managing Partner
AJAMIE LLP and author):
 
Today we even have a member of the Federal Reserve saying that the banks have not changed their shoddy and dangerous practices, despite the 2008 financial crisis. So here we are, eight years later, and nothing has changed. Banks are still very risky to depositors and to the financial system as a whole.

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*LBN-A DIFFERENT VIEW:…

LBN E-Lert Edited By Addison Beaulieu
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