Orla Nallen to speak at Zarb School of Business 2009 Executive Speakers Series Program

Orla Nallen, managing director of BNY Mellon, will present the third research collaboration between BNY Mellon and management consulting firm Casey Quirk entitled The Hedge Fund of Tomorrow: Building an Enduring Firm.

The Zarb School continues to value our relationship with BNY Mellon and their executive vice president Brian Ruane, said Dean Salvatore F. Sodano.

This paper sought to answer the questions: how will investors rethink and employ global hedge fund strategies after the meltdown of 2008; what are the implications regarding the wholesale changes to hedge funds operating environments and how can misalignments in the hedge fund business model be corrected?

Earlier papers Institutional Demand for Hedge Funds: New Opportunities and New Standards in 2004 and Institutional Demand for Hedge Funds II: The Global Perspective in 2006 were both presented at the Zarb School.

“We are pleased that BNY Mellon continues to present their latest findings on hedge funds at the Zarb School. Students and alumni interested in asset management, corporate finance and alternative investments should attend this event to keep abreast of the latest developments in
asset management and especially alternative investments. Hedge funds will and always remain a
major force in the efficient allocation of capital in every modern society, said Anoop Rai, director of the Center for International Financial Services and Markets.

This event is free and open to current students and Hofstra alumni. For additional information please contact Graduate Business Career Services at 516-463-6060. Students must register via the Hofstra portal. Alumni should e-mail [email protected].

BNY Mellon Alternative Investment Services ( BNYM AIS ) is a leading hedge fund administrator with more than $200 billion in assets under administration. In addition to
administration the company offers a wide range of accounting, cash management, collateral management, custody, corporate trust, asset management and wealth management services to the hedge fund industry. BNYM AIS has an extensive global presence, including locations in Bermuda, Cayman Islands, Hong Kong, Ireland, Luxembourg, Singapore and the United Kingdom, as well as US offices in California, Florida, Massachusetts, New Jersey, New York, Pennsylvania and Texas.

The Frank G. Zarb School of Business at Hofstra University believes that the best business education provides students with a sound knowledge of their field combined with a broad, well-rounded program of study guided by an experienced faculty committed to excellence.

The Center for International Financial Services and Markets aims to disseminate information and facilitate student and faculty study in the field of international financial services and markets using an interdisciplinary approach and interactions between academics and professionals.

Hofstra University is a dynamic private institution where students can choose from about 150 undergraduate and more than 160 graduate programs in liberal arts and sciences, business; engineering; communication; education, health and human services; and honors studies, as well as a School of Law. With a student-faculty ratio of 14-to-1, our professors teach small classes averaging 22 students that emphasize interaction, critical thinking and analysis. Hofstra offers a faculty whose highest priority is teaching excellence.

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Source: Media Newswire

Mini cyclone strikes Ampaa’rai coast

The mini cyclone that hit the coastal areas of Ampaa’rai in Batticaloa district swept over for more than 10 minutes Sunday around 9:45 a.m leaving more than a hundred houses and properties damaged, sources in Ampaa’rai said. Kalmunaikkudi, Chainthamaruthu, Chammaanththu’rai, Kalmunai, Maruthamunai and Thu’raineelaava’nai are some of the places hit by the cyclone. The settlements of tsunami refugees were also affected in Chaainthamaruthu and Kaavaakuvaddai villages, the sources said.

Transport service in the above area was affected as strong gale and rain lashed bringing down a hundred feet surrounding wall of Thu’raineelaava’nai Maha Viththiyalayam and the big tree in front of Chammaanththu’rai government hospital.

Batticlao too had been hit by the above cyclone Sunday morning, the sources said.

Source: TamilNet

Rajinder Rai re-elected as President of TAAI for the tenure ’09-’10.

14th November 2009, Mumbai: Mr. Rajinder Rai was today re-elected as President of ‘The Travel Agents Association Of India (TAAI)’ for the period ’09-’10.

Mr. Sunil Kumar and Mr. Iqbal Mulla retained their posts as Secretary and Treasurer respectively. Mr. Jagdeep S Rikhy was elected to the post of Vice-President.

The following members were elected from different States as Managing Committee Members.

Mr. Vijay Mohan Raj, Hyderabad
Mr. N.G Shankar, Bangalore
Mr. Sanjay Datta, Delhi
Mr. N.M Sharafudeen, Kerala
Mr. Sunil , Madhya Pradesh
Mr. Marzban Anita, Mumbai
Mr. Mohan – Punjab

Pakistani Cyber criminals deface 50 to 60 Indian websites a day: Ankit Fadia

Pakistani Cyber criminals deface 50 to 60 Indian websites a day: Ankit Fadia

Has your girlfriend blocked you and you cant see her on-line? Wondering how to keep your email account protected? Or want to hide files from your annoying siblings? MTV’s got Ankit Fadia – the coolest Ethical Hacker in the world to give you everything from tips, tricks to cheat codes that will help make your life on the world wide web a whole lot simpler. Learn cool stuff that you can with your computers, Internet, mobile and other technology in your life!

This is India’s first tech show which does not review tech gadgets, websites or software instead it gives viewers a low down (or download!) on cool stuff that they can do with technology that will make their every day life cooler, simpler and stylish!

I am hosting “MTV What the Hack!” show with MTV VJ Jose, informed Ankit Fadia who was in city on a private visit. Watch it on MTV India every Saturday @ 8:20 PM. Repeat Telecasts every day, he appealed to the people

The show is a guy show with lots of typical MTV style humour. VJ Jose and Ankit Fadia shoot the episodes without a script and just naturally jam in front of camera and talk about technology. The show has got a very good response so far as it is being different from other shows. Most of the tech shows in India are review based shows where gadgets, software and websites are reviewed. This is the India’s first reach show that actually teaches viewers something. The show is on as part of MTV’s move to beyond music and beyond television. Since October 17 this year dropped ‘Music Television’ baseline which has been there in India for the past 13 years. Music contributes about 40 per cent of its programming and soon will go down to 25 per cent. This is happening as part of repositioning exercise MTV kicked off two years back. MTV is born of music, inspired by music, driven by music –but not limited by music. IT is now about new ideas, new formats, new ways of reaching people in new places they choose to live in.

Addressing the press conference Ankit Fadia spoke on various issues concerning Cyber Security in India. Speaking about Cyber security issues India is facing today he said Pakistani cyber criminals are able to deface 50 to 60 Indian websites a day, but, in retaliation only 10 to 15 Pakistani websites are defaced. And this has been going on since 2001. Nodoubt, India is IT capital of the world, but, as far as security is concerned India is far lagging behind, informed Ankit.

Speaking further he added that Terrorists are using most advanced technologies for communication. Which include mainly VOIP(Voice Over Internet Protocol) Chats, hiding messages inside photographs, draft emails, encrypted pen drives etc are some of the techniques to communicate with each other, he informed.

Cyber laws in India are quite good, b ut the problem is that the police who enforce those laws are ill equipped and are not trained properly. And he challenged media to visit the nearest police station and lodge a cyber crime complaint. And you will shocked that 9 out of 10 times, the officials attending you won’t follow what you are saying, said Ankit.

The biggest problem that the police worldwide face while solving cyber crime is the fact that the Internet has no boundaries, however, while investigating a cyber crime case a number of geographical, political, social and diplomatic boundaries come into the picture.

The next big security threat could be from Social Networking, Ankit declared. Everybody in India is on the social networking bandwagon. Even Karan Johar, Priyanka Chopra, Aishwarya Rai, Shashi Tharoor, Barack Obama and many other celebrities are updating Twitter daily. The latest viruses, worms, spyware and malware spread through social networking websites like Twitter, Facebook, Orkut and Myspace.

You will receive a private message from one of your friend (who is already infected) containing a link to a Youtube video. Halfway through the video, it will prompt you to download some Video Plugin or Code. Since the message came from your friend, most people tend to trust it and get infected!, said Ankit.

There are many financial scams and frauds happening on social networking websites. Get rich quick schemes, Earn Money Online Scams and various money laundering attacks now come to you through a Twitter update or a Facebook wall post!. Since Social Networking websites are all about your friends, many people are susceptible to the attack, Ankit said and added that Antivirus companies need to gear up to have a social networking aspect to them. People need to be made aware of the threats of social networking!

Another next big security threat could be People Hacking, he informed. People Hacking is all about sweet talking people to get things done. Especially things that they would normally don’t do or should not do!. People Hacking happens around us all the time. In the office, with your friends, at the check in counters at the airport or on the phone with the call centre. To carry out People Hacking you need to know what to say to whom and more importantly how to say it. Inducing fear, guilt, sympathy or just overpowering the victim with your words can lead to People Hacking, informed Ankit Fadia.

When asked about advise like Dos and Don’ts for average internet user he listed out the following.

- Use an Antivirus. More importantly, update it every week.

- Use an Anti Spyware. Update it every week.

- Use a Firewall. They are not as technical as they sound. A very good firewall that I recommend is Zone Alarm. Just do a Google search to download it.

- Use a strong password for all your accounts—a combination of alphabets, numbers and special characters. Use both lowercase and uppercase.

- Use Windows Update every fortnight to patch Windows.

- Use a Key Scrambler—a software the scrambles your keys in such a way that key loggers & other spying tools cant record what you type on your computer.

- Use a password on your Wi Fi network.

Speaking about ethical hacking, Ankit said, the demand for it is booming across the world. Especially after the recent Mumbai terror attacks, Chinese cyber attacks on different countries and bomb blasts in different parts of India, people have woken up to realize the importance of cyber security experts. Ethical hacking has already become one of the hottest career opportunities available. Nowadays all organizations including banks, hotels, airlines, telecom companies, ITES companies, outsourcing units, retail chains, Internet companies, police departments, government agencies and many others need Ethical Hackers. The starting salaries range for Ethical Hackers in India is between Rs. 25,000 – Rs. 35,000 per month and outside of India US$ 50,000 – 90,000 per year. FBI reports that cyber crime amounts to losses of approximately US$67 billion every year, informed Ankit. According to NASSCOM, IDC reported that the demand for Ethical Hackers is estimated at over 77,000 in India and 188,000 worldwide, Ankit Fadia added.

Ankit Fadia had launched India’s first computer security training and certification course known as Ankit Fadia Certified Ethical Hacker (AFCEH) program in 2006. In the last three years, he has successfully trained more than 10,000 Ethical hackers across India. Today AFCEH is India’s largest and most widely recognized certification course on Ethical Hacking. Giving details, he said AFCEH is available at all Reliance World outlets across India (around 250 outlets in 100+ cities in India). Next batch of AFCEH is starting in January 2010. AFCEH is a one-of-its-kind certification program in Ethical Hacking that aims at training and certifying a whole new generation of world class Ethical Hackers in the field of computer security, he told.

Ankit travels all over the globe advising companies, organizations, governmental bodies and security agencies on cyber security. Some of the security agencies who consult him include Singapore Police, Inland Revenue Authority (Singapore), Inland Revenue Board (Malaysia), Ministry of Defense (Singapore), NISER (Malaysia), Ministry of National Development (Singapore), Ministry of Home Affairs (Singapore), Monetary Authority of Singapore, Multimedia Super Corridor (Malaysia), Indian Police, Central Forensics Laboratory (Delhi), Kerala Police, Goa Police, Andhra Pradesh Police Department, Andhra Pradesh Forensics Laboratory (Delhi), Pune Police, etc.

Ankit is an author of 14 publications which include “The Unofficial Guide to Ethical Hacking”, “Network Security: A Hacker’s Perspective”, “The Ethical Hacking Guide to Corporate Security”, “Hacking Mobile Phones”, “Email Hacking, Windows Hacking”, “Google Hacking”, “Intrusion Alert, Encryption”, “Tips and Tricks on Linux”, “Computer Forensics”, “Software Hacking”, “Little Genius: The Ankit Fadia Way”, “Cracking Admissions in Colleges Abroad”.

Widely covered in international media and publications, Fadia is also regularly invited by BBC Radio World News, London to share the latest updates on virus outbreaks, loopholes and cyber crime trends. For his outstanding contributions in the field of computer security globally, Fadia has been honored with numerous awards namely: Indo-American Society Young Achiever Award 2005, IT Leader Award 2005, Person of The Year 2002, Limca Book of Records, Hall of Fame Award, Outstanding Young Achiever’s Award, Silicon India Person of the Week, Embassy State Award, Best Speaker Award (4 occasions) and many more

Recently, Ankit Fadia was chosen by MTV as one of the Pepsi MTV Youth Icon 2008 award winner, the result of which was decided through a nationwide SMS and online poll. Pepsi features the outstanding winners of this award on 1 million Pepsi My Cans.

Mr. TKA Nair, Principal Secretary to the Prime Minister, lauds IILM’s success in securing full placements for their graduating class of 2009

14th Annual Convocation of the IILM Graduate School of Management

November 10, 2009 /India PRwire/ — The fourteenth annual convocation ceremony of the IILM Graduate School of Management was held on November 7, 2009. The Post Graduate Diploma in Management (PGDM), IILM’s flagship program, is an AICTE recognized program, launched in 1993 to cater to the demands of management professionals and prepare its graduating students for a challenging career through an intensive and rigorous curriculum. More than 1,300 students have so far been awarded this diploma, all of whom have been placed comfortably in a booming economy that is considered one the future growth engines of the world economy. This year, 163 students received their diplomas from Mr. T K A Nair, Principal Secretary to Dr Manmohan Singh. Mrs. Malvika Rai, Chairperson IILM presented the Dr. Kulwant Rai Gold and Silver medals to the toppers

Mr. Nair’s position is one of the most important in the government after the Prime Minister. It involves running the country on a day-to-day basis. The students were absolutely delighted as Mr. Nair interacted with each one individually, talking about their majors and final placements while handing over their diplomas. He heartily congratulated IILM at its “immense achievement” in ensuring that its graduating students got great assignments in their area of interest even before they got their diplomas in hand. This reflected the fact that the “institute has done its job extremely well”, according to him.

In his Convocation Address, Mr. Nair emphasized that the employment scenario today is undergoing a very big change, as there is a growing mismatch between the skills available and the skills needed in the job market. This is where institutes like IILM need to play a major role by providing a steady stream of students with requisite skills. India’s future holds a fantastic opportunity if we produce skilled manpower: “If India can become the source of skilled manpower it can leverage the true potential of globalization, ” he added

He was equally impressed by a handful of students who were budding entrepreneurs stating, “we need such men and women of great initiative, who will provide employment instead of waiting for one; having the guts to do what you like to do and deriving tremendous satisfaction”.

He finally congratulated IILM and the graduating students for their accomplishments.

Education must train for self-development, fearlessness of mind, integrity of purpose and strength of conscience. The mission of the IILM Graduate school of Management is the pursuit of education, scholarship and research at the highest levels of excellence.

Source: Press release distribution via India PRwire

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