In this video, David Stewart, Director of Financial Crimes at SAS Software, describes the major challenges facing anti-money laundering software makers.

In other chapters, Stewart (naturally) plugs his company’s products, along with looking ahead to the long term trends in AML compliance. These videos are from the SAS Financial Services section of SAS.com.

Google’s distributed search model is at the foundation of the Internet giant’s current dominance in search. In the video below, one of Google’s founders, Sergey Brin, speaks at length about his company. You’ll need to turn the volume up on this one.

It should come as no surprise, therefore, that Google is rejecting claims of patent infringement made in a lawsuit brought by the Jarg Corporation, a Massachusetts-based technology company.

Google’s Matt Cutts has long since become the blogosphere’s “go to guy” for information on SEO and webmaster guidelines. WhatIs.com’s Word of the Day today, phantom page, has a link to his commentary on detecting undetectable webspam, for instance. I like the term “webspam,” incidentally, as it neatly describes spamming the entire web, as opposed to individual inboxes or SMS gateways. The video below features Matt Cutts debunking five different SEO myths. The video is from 2006 but is still quite relevant.

While it’s true that there are many other SEO bloggers and a burgeoning industry in search engine marketing, none are quite so well placed within the search engine giants nor so willing to share best practices and commentary. Thanks for your contributions to the Web community, Matt.

Oversi’s technology is designed to help companies deliver video over the Internet.

From the shownotes on YouTube:

This presentation shows how Oversi’s platform works; enabling service providers to manage the huge increase in traffic, enhance customer satisfaction and increase ARPU (average revenue per user). It also discusses the way that service providers can benefit from the new revenue streams of digital media, rather than be mere bandwidth conduits with no financial gain.

John Lisbin, the chief strategist at Point It! discusses domain parking and domain tasting with Greg Jarboe of SEO-PR at SES 2008. In the video below, Lisbin addresses the issues advertisers have with domains in relation to searches performed using Web browser toolbars.

No more free nibbles! ICANN is doing away with the exemption for a twenty-five cent transaction cost on refunded domain names.

Which can add up when you register a bazillion domain names. Like spam, domain tasting has to be done in volume to be profitable.

According to Jay Westerdal, ICANN’s act will end the practice within the year.

In his blog, CEO of GoDaddy.com, Bob Parsons wrote about the magnitude of the problem:

Ever wonder why it seems more and more difficult for you to get the domain name you want? Quite often it’s because the domain name tasting and kiting industry is alive, well and running rampant. The practice of domain tasting and kiting continues to rage out-of-control. In February 2007, 55.1 million domain names were registered. Of those, 51.5 million were canceled and refunded just before the 5 day grace period expired and only 3.6 million domain names were actually kept. With the exception of just a few names, 93.5% of those names were registered simply to see how much advertising revenue – paid by big search firms like our “do no evil” friends at Google – will generate when they are associated with a one page Web site and related links.

“All told, I really like the idea of my brand new datacenter rolling in on the back of a tractor-trailer truck. It kinda reminds me of the setup the bad guys had in latest Die Hard movie. I just hope nobody buys one and hires only one person to run it.”

- Cliff R. Pearson

Project Blackbox (now officially called the “Sun Modular Datacenter S20“) is a modular virtualized data center housed within a shipping container.

For more, head over to our sister site, SearchDataCenter.com, whose writers and editors have been covering the development of Project Blackbox since its introduction:

• Sun renames, rejiggers Project Blackbox, a modular data center
• Prefabricated data centers offer modular expansion alternatives
• Sun Black box: A data center Winnebago

In this Google TechTalk, Ted Nelson discusses implementing the original hypertext concept and how transclusion should be used now to fulfill its original potential.

While Nelson is credited with coining the term “hypertext, Vannevar Bush is responsible for inventing the concept, which he described as “instant cross referencing.”

As usual, we tread in the path of giants.

One of our newest definitions explains OpenID:

“OpenID is a decentralized single sign-on authentication system for the Internet. The goal of the OpenID initiative is to allow users to log in at websites around the Internet with one ID instead of having to create multiple unique accounts. OpenID was developed using the open source software model to be an interoperable protocol independent from any single organization. (Continued…)”

Activating and using an OpenID is quite easy — I was able to sign up for TravelWiki, for instance, using one from Yahoo!. Activation and setup took about a minute. I’ve embedded three videos below that explain more about how OpenID works and how to use it. Enjoy!

The video below explains more about how to use an OpenID to login, in this case to votay.com:

Here’s another one that explains how to use OpenID with WordPress:

Dave provides a short, clear explanation of OpenID using a whiteboard here:

And finally, in a Google TechTalk, Simon Willison  (co-creator of the Django Web framework) discusses the implications of OpenID and explores the best practices required to take advantage of the new technology while avoiding the potential security pitfalls. This one’s a bit long but excellent. 

Simply put, it’s doing in your homework. Just look at this sample M&A due diligence checklist.

In IT and the law, of course, the term “due diligence” has considerably more precise meanings. WhatIs.com’s definition for due diligence states it as:

…the process of systematically researching and verifying the accuracy of a statement. In everyday language, due diligence is synonymous with “the degree of effort required by law or industry standard.”

The term originated in the business world, where due diligence is required to validate financial statements. The goal of the process is to ensure that all stakeholders associated with a financial endeavor have the information they need to assess risk accurately.

When due diligence involves the offering of securities for purchase, as in an IPO (initial public offering), specific corporate officers are responsible for the proper completion of the process…

As is the case with so many other things in life, context matters. In general, due diligence includes the careful identification and evaluation of data sources, identification of potential risks and any other issues relevant to the statement or scenario in question.
Civil litigation and real estate law are even more specific, as you’ll read in our definition.

IT, as ever, is its own beast.

[Cartoon Credit: ScienceCartoonsPlus.com]

In the context of information technology, due diligence could mean determining whether a new operating system would be incompatible with important existing legacy applications, if a new developer understands the difference between Javascript and Java or whether new servers will fit on existing racks in a data center.

Due diligence can also be applied to careful testing of data or network security, disaster recovery preparedness, or any other critical infrastructure asset.

Failure to meet proper due diligence in these areas could leave the organization or client in question open to data breaches or malware infections.

In this sense, completing due diligence can be taken to be completing the steps that are “industry standard” in a particular area, like penetration testing or other code validation. Software companies that do not meet these goals may be liable for zero-day attacks, customer data breaches or other losses of mission-critical functions that could have been prevented with more stringent preparation.

It’s might be fair to say, for instance, that if TJX had had a better IT audit that mandated a switch to WAP instead of WEP security, one of the biggest data breaches in history might have prevented.

Or maybe not. Either way, the relevant IT guys probably should have done better due diligence before transmitting customer information over a wireless network protected only by weak encryption.

Any DB that doesn’t do due diligence testing to ensure that a database is recoverable from a major hardware of instance failure is similarly negligent.

There are plenty of examples out there. AstuteDiligence.com hosts a list of more general due diligence horror stories, with specific company and individual names redacted. There are some classic scenarios listed — the acquisition of a software company based upon a flashy demo, good PR and a well-designed website that turns out to be a maker of vaporware.

CFO Magazine ran a feature story back in ‘04 about companies that installed safeguards against merger surprises after due diligence failures.

In many circumstances, of course, due diligence works quite well, as Jan Stafford reported in a story about how a bank’s senior systems architect, sought and found a virtualization technology to help facilitate hardware consolidation and operating expenses low during system upgrades.

As Joseph Bankoff, a partner in the intellectual property and technology practice at law firm King & Spalding in Atlanta put it in a 2006 Infoworld article on the topic, “Due diligence is going in and digging a hole in the ground and seeing if there’s oil, instead of taking someone’s word on it.”

After all, you wouldn’t like it if someone else drank your milkshake.

Well, somehow it happened again. Another year has come and gone, to this eye even more quickly than the one before. I can’t help but think that as the speed of our connections goes up, time itself seems to pass more quickly. That may because I have relativity on the brain, given that Schrodinger’s cat was the Word of the Day, but the pace of news and technology certainly didn’t slow down in 2007. Find out what was important in our Enterprise IT Year in Review.

Vista and Leopard hit our desktops, the iPhone slipped into our back pockets and Google’s growth accelerated. Facebook created new connections and rebuilt old ones. Green computing became the IT term of the moment, though cloud computing looms on the horizon. The writers strike accelerated our move to watching video on our computers, whether it was offered on Joost, Hulu, Miro or, of course, YouTube. Next up: HD IPTV.

Viruses, worms, phishing attacks and good old spam all conspired to make cleaning out your inbox a dodgy proposition at best. Simply writing about the Storm Worm or Rock Phish could make you the target of a denial of service attack. We discovered new repetitive stress injuries with the Wii and rocked hard with Guitar Hero. Blu-Ray and HD-DVD recalled the format wars of the 80s. The Web 2.0 buzz moved towards a Web 2.0 bubble, even as blogs, wikis, RSS, social networking and AJAX all started to see meaningful adoption in the enterprise and beyond. Net neutrality became real, as stories of ISPs throttling P2P applications surfaced. Mobile broadband is now a legitimate, if pricey, option for connectivity.

In a mega-roundup of the best enterprise news, tips and stories for 2007, we’ve pulled together the stories and tutorials that mattered to you. As you look ahead to the new year, remember the news that mattered. Review the tutorials that helped you do your job better. Browse through the blogs and trivia that informed or entertained you. Read the first installment of the year in review here or surf on over to Overheard in the Blogosphere for a 2007 What’s In/What’s Out Technology Roundup.

Then, look ahead to 2008, where we promise to do it all over again.

Happy New Year from WhatIs.com!

-Alex

P.S. Please take a moment to let us know what you liked — and didn’t like — on our site this year. Just let us know in the comments. Thanks!

I’ve always considered RFID to be “neat technology”.  I knew that Walmart was starting to mandate the use of RFID by its many suppliers, but beyond that, I never really heard of any practical, “real world” use of the technology.  I guess some credit card suppliers were considering it (or perhaps already are using it), but RFID had never really “hit home” at a personal level.

Now granted, I’m not big on gambling (I go to casinos for the buffets, frankly) - but here, to me is a “real world” example of RFID in action:

http://www.progressivegaming.net/pages/cis.html 

The Chip Inventory System, from a company called Progressive Gaming, uses RFID technology to provide tracking of chips in a casino environment.  Casinos can use this technology to track chip flow, detect counterfeit chips and determine how much was just won/lost on a particular bet.

It’s a little too “Big Brother” to me, but I can imagine that investment in this technology (by casinos) may have a nice return.  When I go for seconds on the buffet desert line, I’ll leave my RFIDs with a friend - back at the table.

What can I say about Facebook that hasn’t been said? Newsweek has placed Mort Zuckerberg, the founder of the social networking giant on its cover. And the press has been hyperventilating about Facebook for months.

So what is Facebook? It’s a simple idea, done well: move the “facebooks” of incoming college undergraduates online, with headshots and interests constituting a basic profile, and then create the tools for nodes on the network to interact and browse each other’s profiles.

It’s also my “latest discovery,” as I joined earlier this spring, egged on by a neighbor. Back when I went to college, we had such a thing, printed on “paper,” bound and distributed to the freshman class (and just as quickly appropriated by upperclassmen frequently interested in more than discovering who else was into rock climbing or Pearl Jam). Facebook was, at its inception, a social network for college students, with access limited to only students in the same institution. Now, Facebook has laid claim to being a “social utility,” bidding to become the platform or framework we use to organize our online lives.

Audacious, perhaps, but not unprecedented. Friendster had the early start in filling that role but never recovered from an inability of its original technical architecture to scale to massive traffic demands or challenges from MySpace and other networks.

To be fair, over the past spring and summer, the social networking phenomenon has continued to explode in popularity and innovation, but Facebook has grown much faster and pulled in the digerati like no other.

Why? There’s no single reason. While the decision to open the formerly closed network to the Internet at large is an obvious place to begin, instead of limiting membership to isolated pools of collegians, other factors are in play. Making APIs available to developers resulted in a tsunami of applications that help to further interconnect nodes within each social network has attracted enormous amounts of energy (and, increasingly) venture capital to the platform.

Choosing to keep a clean, easily navigated interface has mattered as well. While MySpace is still the biggest social network — and by most measurements, the most popular site on the Internet, the contrast between the two services couldn’t be much larger, aesthetically, as Facebook (by comparison) radically limits the visual control a user has over a profile. It doesn’t hurt that all of the young college graduates enter the workforce with profiles, either.

If you need a sense of how bound into the tech community Facebook has become, consider how Silicon Valley reacted to a recent Facebook outage.

There’s plenty of evidence too that spending time on Facebook has also evolved into a significant productivity drain (though some disagree) and security risk. (If you’re wondering which companies lead in embracing Facebook, along with the most risk, just read Elisa’s post). The trouble is that sysadmins with itchy trigger fingers may not be able to quickly shut off the flow of bandwidth by firewalling Facebook. Unlike other more informal networks, many professionals have been using to “friend” their coworkers, clients and collaborators, along with former college roommates and dorm buddies. While LinkedIn has long been the social network of choice for many professionals, Facebook has begun eating into that market. In the online social media world, the gaps between online and offline networks are continuing to close, along with whatever space remained between work and personal lives.

Netizens my age (proud members of the “XY generation” that bridges the gap between Gen X (children of the 80s) and Gen Y (folks who don’t remember life before CDs and email or who said “trust but verify“) and older may find some elements of Facebook surprising, though perhaps not more so than MySpace. Older users are joining, however, and finding a place. While privacy options for profiles exist, unlike MySpace, there’s significant potential for embarrassment and even calamity for college or career prospects for those who aren’t wary about posting photos or blog entries that don’t put them in a good light, to put it mildly. PR professionals and marketers would do well to consider the advice of social media gurus. And, as neighborhood applications crop up, there are also alarming security concerns regarding personal safety and property, given that clever criminals can posit where and when individuals are away.

While much of the value of joining these networks can be found in keeping touch with friends and alumni — and making new ones from within that social network — the amount of information that many people are adding to their profiles has also been identified as a valid phishing risk, with significant potential for social engineering hacks that allow access to corporate networks.

What to do? As is the case with the rest of the Web-based applications that have made their way into enterprise and personal desktops alike (users keep outwitting IT when installing consumer apps, apparently), the key is likely to be adaptive security policies that both recognize the increasingly blurred boundaries between work and personal life while respecting both the bandwidth limitations high usage may inflict upon a network and the need to limit the leak or theft of potentially damaging proprietary or personal data. No one is suggesting that developing, implementing or enforcing such a policy is easy, but the consequences of failing to try may extend well beyond a public relations disaster to the organization or individual who doesn’t consider Facebook to be a risk.

There are also no shortages of critics who view the closed nature of Facebook with some distaste — “yet another profile to populate” is a new form of fatigue in the digital age. Personal data portability may become a online movement. It’s certainly been the inspiration for a business plan or two. The founder of LiveJournal, for instance, has published a mini-manifesto for portable, open social networking, according to Mashable. (It may help that Google appears to be backing him). Other observers have noted that Facebook hasn’t been proven to be a rewarding platform for advertisers yet either, though the model is still evolving, as described in this excellent article from Business.com, the Facebook Economy.

In the meantime, I’ll enjoy watching classmates and friends pop up on Facebook; lest you wonder, you can find me there as well. Be warned: I’m sticking with adding friends, coworkers and neighbors, lest I develop social networking fatigue myself.