Don’t expect your money anytime soon, however.

DVD drives may be a thing of the past, but the past could pay you $10 via a proposed settlement from a class-action suit.

If you purchased a DVD-ROM, DVD-RW or combination drive between April, 2003 and December 31, 2008, a collection of DVD drive manufacturers have tentatively agreed to pay you $10 per drive, whether you purchased the drive as part of a PC or by itself. You’ll simply need to visit the claim site and testify (under penalty of perjury) that you indeed purchased those drives within the given time period, and live in one of the 23 states (plus the District of Columbia) covered by the suit. The deadline to file is July 1.

Why this matters: Though the optical drive market continues to decrease—“the physical disk format is somewhat obsolete in the era of content streaming,” IDC wrote last year—that wasn’t the case fourteen years ago, when virtually all software was distributed via DVD-ROM. Fortunately, the settlement site isn’t asking for proof of purchase yet, but it reserves the right to do so. Filing a claim can take literally seconds, but don’t hold your breath—you’ll probably receive compensation, but there’s no guarantee.

The wheels of justice turn slowly

Simply put, a group of 23 plaintiffs sued virtually every DVD drive manufacturer, alleging that they collectively conspired to keep drive prices higher than they normally would be, in violation of antitrust laws. Though the defendants denied they did anything wrong, several—Hitachi-LG, Panasonic, NEC, and Sony—settled and agreed to pay a collective total of $124.5 million into four separate settlement funds.

(Note that only DVD drives for PCs are covered; a DVD player, such as the one gathering dust in your living room, isn’t.)

If you do submit a claim, however, the chances of receiving your settlement soon are slim. That’s because seventeen more defendants, including various subsidiaries of BenQ, Philips, Samsung, TEAC, and Pioneer, have yet to settle, and the suit will continue until all of the claims are resolved.

“Because other defendants remain in this litigation, the plaintiffs are proposing that distribution of the settlement funds not occur at this time,” the settlement site reads. “This is to save the expenses associated with distribution.”

In fact, the settlement hearing to finally approve the Hitachi-LG-Panasonic-NEC-Sony agreement will be held on December 8. After that, payments may begin—which means that you’ll probably receive your $10 or less a year from now. Yes, less: Payments will be “up to” $10 per drive, according to the claims site.

You should probably treat the settlement like one of those “print out your own rebate” slips from the turn of the century. Even under the best of circumstances, chances are you’ll have totally forgotten about your $10 windfall by the time the check arrives.

Have questions?

Get answers from Microsofts Cloud Solutions Partner!
Call us at: 856-745-9990 or visit: https://southjerseytechies.net/

South Jersey Techies, LL C is a full Managed Web and Technology Services Company providing IT Services, Website Design Services, Server Support, Network Consulting, Internet Phones, Cloud Solutions Provider and much more. Contact for More Information.

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Ransom is the top motivation behind cyber attacks, according to a report from Radware, and IT professionals are most concerned about data loss. Here’s what you need to know.

Nearly half of businesses report that they were the subject of a cyber-ransom campaign in 2016, according to Radware’s, Global Application and Network Security Report 2016-2017.

Data loss topped the list of IT professionals’ cyber attack concerns, the report found, with 27% of tech leaders reporting this as their greatest worry. It was followed by service outage (19%), reputation loss (16%), and customer or partner loss (9%).

Malware or bot attacks hit half of all organizations surveyed in the last year. One reason for the pervasive attacks? The Internet of Things (IoT). Some 55% of respondents reported that IoT ecosystems had complicated their cybersecurity detection measures, as they create more vulnerabilities.

Ransomware attacks in particular continue to increase rapidly: 41% of respondents reported that ransom was the top motivator behind the cyber attacks they experienced in 2016. Meanwhile, 27% of respondents cited insider threats, 26% said political hacktivism, and 26% said competition.

While large-scale DDoS attacks dominated the headlines of 2016, this report found that only 4% of all attacks were more than 50 Gbps, while more than 83% of DDoS attacks reported were under 1 Gbps.

“One thing is clear: Money is the top motivator in the threat landscape today,” said Carl Herberger, vice president of security solutions at Radware, in a press release. “Attackers employ an ever-increasing number of tactics to steal valuable information, from ransom attacks that can lock up a company’s data, to DDoS attacks that act as a smoke screen for information theft, to direct brute force or injection attacks that grant direct access to internal data.”

Despite the growth in attacks, some 40% of organizations reported that they do not have an incident response plan in place, the survey found.

The report listed five cybersecurity predictions for 2017:

1. IoT will become an even larger risk. The Mirai IoT Botnet code is available to the public, making it more likely that cyber criminals of all experience levels are already strengthening their capabilities. “In 2017, exponentially more devices are expected to become targeted and enslaved into IoT botnets,” the press release stated. “IoT device manufacturers will have to face the issue of securing their devices before they are brought to market, as botnet attacks from these devices can generate large-scale attacks that easily exceed 1 Tbps.”

2. Ransomware attacks will continue to grow. These attacks will target phones, laptops, and company computers, and will likely take aim at healthcare devices such as defibrillators in the future, the press release stated.

3. Permanent Denial of Service (PDoS) attacks on data centers and IoT operations will rise. PDoS attacks, sometimes called “phlashing,” damage a system to the degree that it requires hardware replacement or reinstallation. These attacks are not new, but Radware predicts they are likely to become more pervasive in 2017 with the plethora of personal devices on the market.

4. Telephony DoS (TDoS) will become more sophisticated. These attacks, which cut off communications in a crisis, “could impede first responders’ situational awareness, exacerbate suffering and pain, and potentially increase loss of life,” the press release stated.

5. Public transportation system attacks will rise. As cars, trains, and planes become more automated, they also become more vulnerable to hackers, Radware stated.

You help your business avoid ransomware attacks and other cyber threats by keeping software up to date, backing up all information every day to a secure, offsite location, segmenting your network, performing penetration testing, and training staff on cyber security practices.

Have questions?

Get answers from Microsofts Cloud Solutions Partner!
Call us at: 856-745-9990 or visit: https://southjerseytechies.net/

South Jersey Techies, LL C is a full Managed Web and Technology Services Company providing IT Services, Website Design Services, Server Support, Network Consulting, Internet Phones, Cloud Solutions Provider and much more. Contact for More Information.

To read this article in its entirety click here.

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