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Saturday, 27 September 2014

Microsoft offers first look at new Windows


Microsoft offers first look at new Windows

Microsoft offers first look at new Windows
Microsoft will unveil a new name for its best-known product on September 30 when it offers the first official glimpse of its latest Windows operating system.

SEATTLE: Microsoft will unveil a new name for its best-known product on September 30 when it offers the first official glimpse of its latest Windows operating system.

The project — known for the past few years as "Threshold" inside the software company and "Windows 9" outside it — will likely get an entirely new brand, or just be called Windows, analysts said, ahead of its full release early next year.

The name change is symbolic of a new direction and style for Microsoft, which is veering away from an aggressive focus on Windows and PCs, the hallmark of previous CEO Steve Ballmer. The new, quieter emphasis is on selling services across all devices and is championed by new boss SatyaNadella.

The switch also represents a desire to erase the ill will generated by Windows 8 — an ambitious attempt to redesign Windows with tablet users in mind — which ended up annoying and confusing the core market of customers who use mice and keyboards.

"Windows 8 was not a shining moment for Microsoft," said Michael Silver, an analyst at tech research firm Gartner. "Probably the biggest issue that lingers is the negative brand equity in the name."

Many users howled in protest over the death of the start-button menu and the introduction of a colorful grid of squares or tiles representing apps in what became known as the modern user interface, even though they could easily switch to a traditional desktop mode.

Judging by recent leaks online, which Microsoft has not tried to discredit, the start-button menu will come back in the next Windows, with an option of tacking on tiles if preferred.

But the problem of users having to toggle between the modern interface and the old-style desktop for instance to use the full version of Excel spreadsheet software  has yet to be solved.

"The schizophrenic behavior between the modern user interface and the Windows desktop has got to go away," said David Johnson, an analyst at tech research firm Forrester. "They have to smooth that out."

Microsoft declined to comment on the new name, or what it plans to unveil on Tuesday.



The Redmond, Washington-based company has said only that it will have a "discussion" about where Windows is headed at a stylish event space in San Francisco on Tuesday.

The choice of wording and venue are key to a humbler, lower-profile Microsoft under Nadella, who is keen to rebuild respect in the Bay Area and Silicon Valley as it moves away from the PC and to play a bigger part in the mobile computing world fashioned by Apple and Google.

Nadella's slogan is "mobile first, cloud first," and although he will not be at the San Francisco event  he is traveling in Asia  that theme will be at the fore.

"This is a launching pad and catalyst for Nadella's holistic cloud vision over the coming years," said Daniel Ives, an analyst at investment bank FBR Capital Markets. "Windows 9 is a potentially game-changing product release for Microsoft."

Nadella is resigned to the fact that sales of PCs have leveled off, and with it sales of Windows. With the explosion of smartphones and tablets, Windows now powers only 14% of computing devices sold last year, according to Gartner.

His response is to focus on selling high-quality services  such as the Office suite of applications or storing documents in the cloud  to people on whatever device or system they are using.



"Microsoft is changing from a company that was Windows-centric to one that is services-centric," said Silver at Gartner. "It has to be that way. Windows revenue is likely going to decline, and Microsoft's task is to replace that Windows revenue with revenue from services on all sorts of platforms."

The challenge is to come up with killer apps and services users can't live without.

"Microsoft built their business on being very good at delivering what people needed in the moment, for example Excel in the 1990s," said Johnson at Forrester. "That's what Microsoft has to get back to, innovating and creating things that people find indispensable.
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Microsoft keen to team up with India: Satya Nadella


Microsoft keen to team up with India: Satya Nadella

Microsoft keen to team up with India: Satya Nadella
Nadella said businesses were looking forward to an accelerated growth phase in India and technology could play a pivotal role in spurring that growth.

BANGALORE: On the day Prime Minister Narendra Modi made a pitch for "i-ways for a Digital India" and asked industry captains to seize the initiative, the Hyderabad-born chief executive of Microsoft has offered a partnership to help accelerate the country's growth.

"Every time I visit, I'm energized to see the advancements India is making and truly believe technology is a key enabler for India to thrive and create more opportunities for every individual and business in its economy," said Satya Nadella, who was appointed as successor to Steve Ballmer in February.

"We are keen to partner with the government and industry at large to help make this vision a reality," he told ET in an exclusive interview.



Earlier this week, Microsoft's main rival Google announced that it is joining hands with the government to promote several of the aims of the Digital India effort. Modi, who has been elected on the plank of development, has made the government's 'Digital India' initiative for a connected economy one of the important elements of his plan to modernize India.

Nadella, only the third CEO that Microsoft has had in its nearly four-decades-long history, said businesses were looking forward to an accelerated growth phase in India and technology could play a pivotal role in spurring that growth. "Growth will need computing infrastructure on a massive scale," he said.



Nadella, who studied engineering at Manipal University and was part of the early wave of engineers who moved to the US, said his journey from "home here in India to Microsoft" where he has spent 22 years was "incredible and humbling."

He urged the present lot of engineers in India seeking technology careers to be bold and tenacious. "My advice to those who are pursuing careers in technology is to really think about the work you're driving and why it matters. Believe that you can make it happen and go after it with boldness and tenacity. And remember that success doesn't happen overnight, be persistent and ask yourself what you can do to push to the next level each day," said Nadella, who is a cricket buff and loves running.



As for Microsoft and its future, he said the Seattle-based company is excited about its Skype Translator for multilingual conversations, personal smartphone assistant Cortana and machine learning for cloud computing.

"We will reinvent productivity to empower every person and every organization on the planet to do more and achieve more. That is our moonshot," said Nadella, who in the seven odd months that he has been in charge, is attempting to re-engineer the long-time tech behemoth for success in a mobile-dominated world.

Since taking charge, Nadella has cut thousands of jobs and spent $2.5 billion to buy the maker of Minecraft computer games
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15 top tech stories of the week


15 top tech stories of the week

15 top tech stories of the week
Here's a quick look at what made news in the world of technology in the week just gone by...

Here's a quick look at what made news in the world of technology in the week just gone by... 

iPhone 6, 6 Plus launch weekend sales hit 10 million, break record - Apple hasannounced it has sold over 10 million new iPhone 6 and iPhone 6 Plus models, just three days after the launch on September 19. 

At $25 billion, Alibaba's IPO is world's biggest - Alibaba's IPO now ranks as the world's biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares. 

Infosys vice-presidents get salary hikes of Rs 4-5 crore - Infosys has raised the salaries of its top executives so sharply that some of them are now in the $1-million (Rs 6-crore) compensation club n making them almost unpoachable by even international rivals n and raising the salary benchmark in the Indian IT industry. 

 



iPhone 6 Plus 'bendgate' - When Apple initially unveiled its biggest iPhone to date o the 5.5-inch iPhone 5 Plus o many worried the device would be too big to stuff in their pockets. Now, as it turns out, those who can fit the phone in their pocket are reportedly complaining that the phone bends after being stored there while sitting. Apple broke its silence on complaints about bending iPhones, hours after withdrawing a glitch-ridden software update as the company struggles to restore momentum to the rollout of its latest phones. 

Yahoo buys out Bangalore startup Bookpad - Yahoo has bought Bangalore-based Bookpad, a startup that's barely a year old and founded by three youngsters who passed out of IIT-Guwahati over the past three years. The precise value of the deal could not be ascertained, but sources said it's a little under $15 million (Rs 90 crore). 

Bash: A bug worse than Heartbleed - A security flaw discovered in one of the most fundamental interfaces powering the internet has been described by researchers as 'bigger than Heartbleed', the computer bug that affected nearly every computer user earlier in the year. 

Next-generation Android One phones coming in December - Enthused by the initial response to Google's Android One, handset makers Karbonn, Spice and Intex are gearing up for round two with a slew of smartphone launches beginning December this year. 




HTC launches India's first 64-bit Android smartphone - HTC has announced Desire 820 and Desire 820q smartphones in the Indian market. The phones will be available early November and pricing will be announced closer to the launch. Do check out our first impressions of Desire 820

Jolla smartphone comes to India - Finnish smartphone maker Jolla has launched its Jolla smartphone at Rs 16,499 in India.The company has inked an exclusive partnership with Indian e-commerce company SnapDeal to introduce the smartphone in the country. Do check out our first impressions of the phone

Sony launches Xperia Z3, Xperia Z3 Compact in India - Sony has launched its new flagship smartphone Xperia Z3, and its compact variant Xperia Z3 Compact in India. The Xperia Z3 will be available at Rs 51,990 while the Z3 Compact is priced at Rs 44,990. Do read our reviews of the Xperia Z3 and Xperia Z3 Compact

Second-generation Moto X goes on sale in India - Motorola's latest smartphone, the second-generation Moto X, is now available in India. Like other Motorola smartphones, the new model is available only via e-commerce website Flipkart in the country. 

Apple users fooled into burning iPhones in microwaves -Trolls at online imageboard 4chan spread a hoax on the internet, saying that the iOS 8 update includes a feature that allows an iPhone's battery to be charged when put in a household microwave. 


Google's Nexus 6 to be a bigger version of Moto X (Gen 2) - Google's next-generation Nexus phone, expected to be the Nexus 6 or Nexus X may turn out to be a big-screen version of Motorola's second-generation Moto X, as per a new report. 

Apple iPhone 5S price dips below Rs 35,000 in India - iPhone 5S, the top Apple smartphone last year, is now available in India for less than Rs 35,000 on e-commerce websites. The unofficial price drop comes soon after Apple announced the big-screen iPhone 6 and iPhone 6 Plus. 

Microsoft keen to team up with India: Satya Nadella - On the day Prime Minister Narendra Modi made a pitch for "i-ways for a Digital India" and asked industry captains to seize the initiative, the Hyderabad-born chief executive of Microsoft has offered a partnership to help accelerate the country's growth
.






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Global banks look at large scale hiring





Global banks look at large scale hiring

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With regulators getting more stringent about banking norms, large global banks are looking at large-scale hiring of mid-to-senior-level professionals in functions such as risk, audit, compliance and legal over the next 12 to 18 months.
Large global banks are targeting to increase their teams by 20% to 30% in legal and compliance and 30% to 40% in audit and control, according to a study by Vito India Advisors, a BFSI executive search firm. According to the survey, there are currently over 240 legal and compliance professionals across 36 global banks in India .
Global banks look at large-scale hiring as regulators tighten norms“With global regulatory norms getting more stringent, unique functions like risk-based supervision, privacy compliance, regulatory affairs are triggering the demand for additional compliance professionals,” says Dhvani Anjaria, support hiring specialist at Vito India Advisors.
“It is no longer about just remaining compliant. It is more about doing the right things and that’s what the MNC banks and investment banks are looking at now. This is leading to a demand for professionals in sectors such risk, audit, compliance and legal,” says the HR head of a large global bank, on condition of anonymity.
“There is a need for a culture change within the banking sector and hence global banks are focusing on strengthening their compliance structure in order to sustainably do business,” the HR head said. Some of the banks that have made mid-to-senior-level hires in compliance in the past 12 months include ANZ, Bank of America, Deutsche Bank, while the ones that have made senior-level lateral hires in legal in the past 12 months include BNP, Citi and HSBC, according to the study.
These banks are focusing on building teams in monitoring and surveillance and riskbased supervision roles.
Some of the global players that have made senior hires in legal and compliance in the past one year include Westpac, SMBC and NAB, among others.
Cost to company (CTC) payouts in compliance and legal have been as competitive as front office functions. CTC payouts among global players in compliance have increased at least by 30% to 50% from 2012 to 2014, the study shows. With setting up one branch banks of global entrants they have picked up talent from well established global players at 40% to 50% increment on their present salary.
“In order to support business growth and align to the changing economic and regulatory environment, it is imperative to ensure our finance, legal, compliance, audit and HR functions are staffed optimally,” says Sarab Preet Singh, head of recruitment, learning & talent, Citi India.
Given the changes in the industry, there has been an increased focus on risk, compliance and control-related aspects, leading to a greater degree of specialisation within each function, he said, adding, “There have been several internal movements of our talent from frontline businesses into these core functions.”
In the audit function, the spotlight is turning to India as the new regional hub. Large global banks are targeting to increase their audit teams by 30% to 40%, according to the study. There are currently about 225 plus audit professionals across 36 global banks in India. Some of the key hires in audit were seen in BNP, DB, Barclays, HSBC, Citi, among others, according to Vito.
A lot of global banks have moved to a centralised internal audit model wherein regional audit teams are now housed in India due to cost effectiveness and skilled talent. Earlier this was done out of Singapore and Hong Kong.
Also, there has been increasing demand for IT auditors within banks. This has led to a growth in audit roles as well. “In the next 12 to 15 months, we foresee a healthy demand for professionals having regulatory reporting, treasury finance, technology and internal audit along with compliance roles,” says Anjaria.
“There is a thrust to build audit strength of these banks. And given the fact that significant audit talent is available here and can help in other locations of these global entities, there is a rise in demand for such talent,” said the HR head of a large global bank who did not wish to be named.
He says, increasingly, global banks are reviewing their existing audit framework and looking at processes more proactively. Hence there is considerable demand for people who can look at metrics around controls in order to remain compliant.




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Ten essential skills for future CFOs


Ten essential skills for future CFOs

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The future environment that Chief Financial Officers (CFOs) will operate in will be different. It will be a re-balanced global economy from west to east, faster growing emerging markets, the rise of shared services, outsourcing and increasingly global business. There will also be more business risk, wider regulatory challenges, along with more scrutiny and rapid changes in technology
The changing business environment provides huge challenges for future CFOs. Mohammed Sajid Khan, head of International Development, ACCA (Association of Chartered Certified Accountants) shares the top ten ‘must-have’ skills of CFOs of the future, basis the research conducted by ACCA with 750 CFOs around the world.
Business sense: Future CFOs will still need a strong financial understanding. They should also target career experiences that provide them with an understanding of the whole business. It is critical that CFOs are able to ask the right questions –which comes from experience gained across multiple finance roles.
Planning & execution: Strategy formulation and execution was identified as the most important area in which future CFOs have experience. Over the next decade the business landscape will be re-shaped by market volatility, globalisation and transformational innovation. CFOs should seek greater mobility in and out of the finance organisation, building the commercial qualities needed, while building internal relationships.
Analytics: How organisations gather and use data to drive better decision making is the next “big opportunity” for tomorrow’s finance team. The survey suggests that current CFOs rate financial insight and analysis as the second most important area in which future CFOs need to have career experience. Future CFOs should plan and actively seek out analytics roles, so they understand its value and application.
Risk-taking: Risk experience is a must-have on the CV of future CFOs. That’s because future CFOs will operate in a business environment that’s high risk and where there are emerging risks such as online reputational risk or cyber risk.
M&A: Merger and acquisition activity was identified as the fourth most important area of experience for future CFOs. While business growth will be organic, much is likely to be through acquisition and merger and other forms of business tie-ups. This will help in tapping into the already established businesses, to ease market entry and leverage expertise and market knowledge.
Relationship management: The future CFO needs to be customer savvy and take on roles which provide greater customer understanding. The range of stakeholders with whom future CFOs will have to engage will be significant.
Leadership: Strong leadership qualities will be essential, particularly as finance becomes more diverse. Experience in transformation and change management for future finance leaders will also be a priority, as will effective communication skills as they provide information to different stakeholder groups.
Discipline: Future CFOs will face more regulation and will need to be confident about operating in a regulated environment.
Technical know-how: Tomorrow’s CFOs need to be technologically adept and understand the significant role technology can play in driving better finance delivery. They should also target roles which develop and utilise their technology understanding.
Adaptability: The future CFOs will need to manage the different demands between mature and emerging markets and align their finance strategies accordingly. They will need to be adept at working in global business environment, leading finance teams which are diverse and virtual, across mature and emerging markets.






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IT firms expanding to smaller cities, semi-rural towns


IT firms expanding to smaller cities, semi-rural towns

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Infrastructure limits and scarcity of land in tier-1 IT cities has led to expansion towards smaller cities and semi-rural towns over the last few years. Venturing into these locations is also helping companies in rural sourcing to stay ahead and meet the ever growing talent war.
With social media exploding, cloud computing making deeper inroads and mobile technology becoming a necessity, we will see a pressing need for employees with skills in data programming or administration and mobile development. Tirupati Balaji, director- talent acquisition, UST Global talks to TimesJobs.com about major recruitment trends in the IT services and solutions sector. 
Recruitment Trends
Market forces and rapidity of technology commands how companies make their hiring decisions and how they source talent. A quick look back into the year uncovers four major trends:
  • The pertinent shift in the industry from the traditional time and material (T&M) billing model (billing on a per-person, per-hour basis) to fixed-price proportions (revenue independent of employee addition) has also disrupted hiring and this will continue
  • As a result of abundant labour and predictable demand, campus hiring may continue to dent as more and more companies resort to “just-in-time hiring”. As opposed to hiring entry and junior level staff, companies in India are increasingly looking to hire experienced professionals who would hit the ground running from day one
  • Infrastructure limits and scarcity of land in tier-1 IT cities has led to expansion towards smaller cities and semi-rural towns over the last few years. Venturing into these locations also helps companies in rural sourcing to stay ahead and meet the ever growing talent war
  • Social Media will become more pervasive. Recruiters have been leveraging social media channels like LinkedIn, Facebook and Twitter to screen potential hires and gain access to a larger applicant pool, even as recruitment portals and RPO (recruitment process outsourcing) firms expand their presence
Game Changers
  • Technology has the potential to disrupt traditional recruitment models and provide change the way companies find, assess and recruit their future talent. Major impact will come from how we utilise data and leverage mobility
  • Like markets, companies should also analyse data to reach the talent pool. Investing in market research to determine the best recruiting methods along with strengths in recruiting with hard data will help make the best hiring decisions
  • Optimising recruiting efforts for mobile devices is also becoming increasingly more important as jobseekers increasingly use mobile devices to find jobs
Compensation Trends
The average salary increment in the IT Services and Solutions sector is expected to be marginally lower than last year, but the average variable pay per cent will see a slight increase.         
Skills in Demand
  • Demand for technical talent, not just from the technology sector but more broadly across the entire economy, will remain high
  • With social media exploding, cloud computing making deeper inroads and mobile technology becoming a necessity, we will see a pressing need for employees with skills in data programming or administration and  mobile development
  • As more enterprise information goes online via the cloud, skill-sets in security will be in demand too 
Emerging Skill-Sets
UST Global is making significant investments in accentuating its SMAC [social media, mobility, analytics, and cloud] capability to transform customers’ operations. We have programs in place where we train/cross train resources on specific technologies which are aligned to industry trends.






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HR professionals need to learn how to integrate diverse workforce

HR professionals need to learn how to integrate diverse workforce


12-HR_000015436199Medium_BW-CMYK4broAt SHRM India’s annual conference and expo 2014, Manoj Biswas, MD-HR, Accenture India, Sri Lanka and Bangladesh, talked about how emerging technologies are changing the way workforce interacts and the role of HR professionals need to play to engage such a diverse workforce in a way that the common organisational goals are met 

Challenge for HR: Today, organisations not only have desk workers but a mix of contractual, digital, virtual and social workforce spread across the globe. Technology has changed the way people have been traditionally communicating and it is influencing how our workforce interacts.  This in turn has substantially changed the traditional definition of work.

Challenge for HR teams in such business environment is to connect and integrate the diverse workforce to achieve the common organisational goals.

What should HR do: HR teams have to be a step ahead of the game, gauge the comfort levels of different generations within an organisation – such as baby boomers, Gen X and Gen Yers – with different kinds of technologies and enable them to ensure improved productivity. They need to focus on unlearning the traditional HR practices and learn how to integrate different kinds of workforce and their expectations from the organisation. 

How HR can tap technology for employee engagement: Sentiment analytics is an effective tech tool that HR can leverage to analyse employee sentiments. This can be done by running analytics tools over internal enterprise social media sites and pull out a useful employee engagement index which can be leveraged by HR.

HR can also look at tapping technology to automatically identify talent gaps existing within the resource pool and then devise effective strategies to close the identified gaps. 

Core driver for implementing technology for HR: Technology should not be implemented for the sake of implementation. The core driver should be the concrete effect which technology is going to have on the HR strategies and how this will bring a difference to employee engagement index.







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6 ways Modi’s ‘Make for India’ campaign will create jobs


6 ways Modi’s ‘Make for India’ campaign will create jobs

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As India embarks on the ‘Make in India ‘mission that coincides with our triumph in the outer space, a new era marked by the philosophy of build rather than buy begins that will change the way we do business in India.
The campaign certainly provided the thrust required to push the slowing India economy on the growth mission. TimesJobs.com spoke to industry experts to decode the impact of “effective governance” on job creation and skills development.
  1. Kick Start Robust Hiring as Government invests in Industrialisation
The Make in India campaign will kick in robust hiring in the coming months with the Union Government investing more in industrialisation and devising policies to boost employment and thereby contribute towards the GDP.
Ravichandran Purushothaman, president, Danfoss India
  1. Enhance GDP Contribution from manufacturing
More than half of the Indian workforce contributes only 14% to GDP; this campaign will help boost India’s economy by enhancing GDP contribution from Manufacturing. It will have a cascading effect on all sectors including ours through creation of millions of jobs and many opportunities for skill development.
Amit Malik, chief human resource officer, Aviva life Insurance India 
  1. Focus on manufacturing will drive growth in other sectors
With focus on manufacturing, which is a core industry sector for job creation, the government has set the juggernaut rolling in the right direction. The focus on manufacturing will drive the development of other key sectors like infrastructure and energy as they will serve as growth enablers. This cascade effect across sectors will immensely benefit the youth entering the workforce. We expect the impact of the initiatives and schemes to be felt over a period of time. If the intent is translated efficiently into execution, we can expect the job market to grow aggressively over the next five years.
Moorthy K Uppaluri, CEO, Randstad India
  1. Make in India will promote human capital at grass root level
The demand for skilled manpower is widespread in the international labour market. Taking steps towards addressing this demand, the Prime Minister has emphasized on skill development in his ‘Make in India’ and ‘Deen Dayal Upadhyay-Grameen Kaushalya Yojana (DDU-GKY)’ campaigns. These initiatives create a robust platform to promote human capital at grass root level. It has also raised the confidence of Indians staying overseas to invest in high growth sectors like manufacturing, biotechnology, construction, among several others.
Sudhesh Giriyan, vice president & business head, Xpress Money
  1. Transforming Domestic Manufacturers into Global MNCs
After almost two years of minimal growth due to the global slowdown, the manufacturing industry is slowly recovering. By streamlining regulatory processes and introducing a dedicated cell to address the queries of business entities within 72 hours, the government has made it its mission to have global companies invest in India. This could also potentially spark off a chain reaction leading our domestic manufacturers to become global MNCs.  With the mechanisms that the Prime Minister has put in place, this ‘Make in India’ campaign could spell great success for our economy, boosting job creation and a higher level of growth.
Udit Sheth, executive director, Setco Automotive
  1. Enabling Indian manufacturing to become globally competitive 
After a long time the government has put its might behind growing the manufacturing sector. Manufacturing is key not only for expanding the GDP but most vitally for job creation. His vision of FDI – ‘First Develop India’ and make the country an attractive business destination for domestic and foreign investors is laudable. The success will however come from effective implementation in dealing with various factors required for Indian manufacturing to become globally competitive.






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US banks warned over Shellshock bug



US banks warned over Shellshock bug

US banks warned over Shellshock bug
Top US financial regulators urged banks to quickly fix their software to protect it against the "Shellshock" computer bug, saying it could expose them to fraud.

WASHINGTON: A group of top US financial regulators urged banks to quickly fix their software to protect it against the "
Shellshock" computer bug, saying it could expose them to fraud.

Shellshock is a newly emerged major Internet threat that affects a common software tool found in many operating systems known as Bash, or Bourne-again Shell.

"The pervasive use of Bash and the potential for this vulnerability to be automated presents a material risk," the Federal Financial Institutions Examinations Council said.

The FFIEC is an interagency body that can prescribe common standards for banks that includes the Federal Reserve, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and others.

The banks should identify all their systems that use Bash and update them, and should also check third-party software, the group of regulators said
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