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Spring Journal

Volume 30, Issue 1

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Jon Seals

Jon Seals

Dallas residents were wide awake and in a state of confusion late Friday night when the city’s outdoor emergency system was hacked, causing all of its 156 alarms to blast for an hour-and-a-half until almost 1:30 a.m.

With some interpreting the warning as a bomb or missile, a number of residents dialed 9-1-1, but the number of calls—4,400 in all—overwhelmed the system, causing some callers to wait for up to six minutes for a response, the New York Times reported.

The alarms blasted for 90-second durations about 15 times, Rocky Vaz, the director of the city’s Office of Emergency Management, told reporters at a news conference.

Mr. Vaz said emergency workers and technicians had to first figure out whether the sirens had been activated because of an actual emergency. And turning off the sirens also proved difficult, eventually prompting officials to shut down the entire system.



Millions of student, staff and faculty email addresses and passwords from 300 of the largest universities in the United States have been stolen and are being circulated by cyber criminals on the dark web, according to a recent report. 

Hacktivists, scam artists and even terrorists intend to sell, trade or just give away the addresses and passwords, said the Digital Citizens Alliance report. 

During eight years of scanning the dark web—the portion of the Internet not indexed for open searches, where criminals covertly operate—researchers from the security firm ID Agent discovered nearly 14 million addresses and passwords belonging to faculty, staff, students and alumni available to cyber criminals. Of those, 79 percent of the credentials were placed there within the last year.



PHILADELPHIA – Wharton Research Data Services (WRDS), the award-winning data research platform and business intelligence tool for corporate, academic and government institutions worldwide, is excited to announce a first of its kind collaboration with SSRN, the world's leading preprint server and working paper repository, and Elsevier, a global information analytics company specializing in science and health.

“Providing a new, searchable platform that showcases the impact of research conducted by WRDS database users on SSRN is a natural extension of our combined missions to advance academic research.”

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The collaboration will elevate the visibility of universities and researchers conducting research across an array of financial fields.

The initial endeavor in this alliance is the WRDS Research Paper Series (RPS) – a searchable repository of all papers submitted to SSRN that cite WRDS in their work. This RPS will elevate a researchers’ visibility, increase their Eigenfactor® score, and build a specialized research base for others to explore easily, thereby rapidly advancing the sharing of knowledge.

In addition, the three organizations have launched the WRDS-SSRN Innovation Award™ – honoring emerging business schools in North America, Asia-Pacific, and EMEIA. WRDS and SSRN will present these awards to the Dean of the winning institutions at the international and regional AACSB conferences throughout the year. Winners will also receive a monetary prize and promotion.

“This new collaboration provides an extraordinary opportunity for emerging academic institutions and their researchers to highlight their important work and increase the prominence of their findings,” said Robert Zarazowski, Managing Director of WRDS. “The WRDS RPS creates a much-needed repository to ensure that scholars have easy access to current data-driven research, with the added benefit of increased recognition in the field. We are pleased to be able to promote exceptional research and look forward to presenting the first award for research excellence at the ICAM/AACSB conference this April.”

“We’re very excited at SSRN and Elsevier to be collaborating with WRDS on this important, groundbreaking effort,” said Gregg Gordon, Managing Director, SSRN. “Providing a new, searchable platform that showcases the impact of research conducted by WRDS database users on SSRN is a natural extension of our combined missions to advance academic research.”


SSRN is a worldwide collaborative of over 330,600 authors and more than 2.2 million users that is devoted to the rapid worldwide dissemination of research. Founded in 1994, it is now composed of a number of focused research networks in the life and social sciences, and humanities. Each of SSRN's networks encourages the early distribution of research results by reviewing and distributing submitted abstracts and full text papers from scholars around the world. SSRN encourages readers to communicate directly with authors and other subscribers concerning their own and other's research. Through email abstract eJournals SSRN currently reaches over 400,000 people in approximately 140 different countries.


Elsevier is a global information analytics company that helps institutions and professionals progress science, advance healthcare and improve performance for the benefit of humanity. Elsevier provides digital solutions and tools in the areas of strategic research management, R&D performance, clinical decision support, and professional education; including ScienceDirect, Scopus, ClinicalKey and Sherpath. Elsevier publishes over 2,500 digitized journals, including The Lancet and Cell, more than 35,000 e-book titles and many iconic reference works, including Gray’s Anatomy. Elsevier is part of RELX Group, a world-leading provider of information and analytics to professionals and business customers, in a wide range of industries. www.elsevier.com


Wharton Research Data Services (WRDS) provides the leading business intelligence, data analytics, and financial research platform to global institutions ̶ enabling comprehensive thought leadership, historical analysis, and insight into the latest innovations in academic research.

WRDS provides researchers with one location to access over 250 terabytes of data across multiple disciplines including Accounting, Banking, Economics, ESG, Finance, Healthcare, Insurance, Marketing, and Statistics. Flexible data delivery options include a powerful web query method that reduces research time, the WRDS Cloud for executing research and strategy development, and the WRDS client server using PCSAS, Matlab, and R. Our Analytics team, doctoral-level support and rigorous data review and validation give clients the confidence to tailor research within complex databases and create a wide range of reliable data models.

An award-winning data research platform for over 50,000 commercial, academic, and government users in 30+ countries, WRDS is the global gold standard in data management and research ̶ all backed by the credibility and leadership of the Wharton School.

About the Wharton School

Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community and one of the most published business school faculties, Wharton creates economic and social value around the world. The Wharton School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 participants in executive education programs annually and a powerful alumni network of 95,000 graduates.

VMware will Leverage Wavefront's Platform to Help Developers Optimize their Cloud and Modern Applications with Real-Time Monitoring Analytics

PALO ALTO, Calif. – VMware, Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility, today announced its intention to acquire Wavefront, the leading metrics monitoring service for cloud and modern application environments. Terms were not disclosed. The transaction is expected to close in calendar Q2 2017. VMware does not expect this transaction to have a material impact on its FY18 operating results.

Digital enterprises face challenges of a new order of magnitude when monitoring modern applications -- consisting of hundreds of microservices in containers with lifespans of seconds -- spread across private and public clouds. To identify and fix operational issues in these dynamic cross-cloud environments, developers need new instrumentation for their applications, and teams practicing DevOps require sophisticated real-time analytics on their high-scale distributed systems to adapt to problems before they impact the business.

Wavefront provides metrics monitoring to optimize clouds and modern applications by delivering operational insights using millions of data points per second in real-time. Operators and developers can interrogate real-time data streams to discover new ways to address problems, identify bottlenecks, and test algorithms and hypotheses. A cloud-hosted service, Wavefront ingests, stores, visualizes, and alerts on streaming metric data from clouds and modern applications enabling superior operational performance. Scaling to support the largest data center needs, the service can measure, correlate, and analyze across servers, devices, applications, end-user behavior, multiple public cloud and data center attributes, SaaS, PaaS and IaaS environments, and business metrics.

"VMware set the standard for monitoring virtual environments with VMware vRealize® Operations™, and we will set the standard for cross-cloud and modern application monitoring with Wavefront," said Ajay Singh, senior vice president and general manager, Cloud Management Business Unit, VMware. "It delivers a radically new scope and scale of metrics monitoring and analytics to help developers improve the performance, availability and customer experience of their digital services. When combined with the vRealize product portfolio, digital enterprises will gain a complete view from network through infrastructure to applications."

"I'm excited about Wavefront joining VMware upon the close of the deal," said Pete Cittadini, president and CEO of Wavefront. "Today, Wavefront delivers the ultimate streaming metrics monitoring to digital enterprises changing the way they deliver and instrument their clouds and modern applications. I look forward to delivering Wavefront's innovations to more customers, more extensively, as part of the vRealize portfolio of industry-leading multi-cloud management products."

For seven-plus years, VMware has invested in solutions featuring advanced metrics and analytics to help customers simplify and automate how they manage, monitor and troubleshoot services in dynamic virtual and cloud environments. Wavefront's metrics monitoring for modern applications will complement VMware's industry-leading vRealize Operations platform for monitoring, troubleshooting and capacity planning across virtual environments. Upon close of the deal, customers will have a holistic representation of their network, infrastructure and application environments when using Wavefront with vRealize Network Insight, vRealize Operations and vRealize Log Insight™. Completion of the acquisition will further enable VMware to reach new digital enterprise customers and end-users including application delivery and development teams seeking to glean greater insight into their modern applications and associated containers and microservices.

Wavefront to Speed Time to Market for New SaaS Management Solutions

Upon close of the acquisition, Wavefront will be a part of the growing portfolio of VMware Software as a Service (SaaS) offerings. Additionally, VMware will leverage Wavefront's technology to accelerate the development of VMware Cross-Cloud Services™ to help manage and monitor modern application and their associated infrastructure across clouds. Introduced as a technology preview at VMworld® 2016 U.S., Cross-Cloud Services are new SaaS offerings under development to enable visibility into cloud usage and costs, enhance consistent networking and security policies, and automate the deployment, management, and migration of applications and data across VMware vSphere® and non-vSphere private and public clouds.

Additional Resources

About Wavefront

Wavefront is the ultimate metrics monitoring service for cloud and modern application environments. Its observability and analytics tools enable DevOps functions at SaaS companies where power, scale, performance, and reliability are essential to their business. The company helps software leaders to ensure superior customer experience with the combination of the most powerful query language in monitoring running against a unified, full detail, big data metric store in real-time with no limits. Visit Wavefront Blog and follow us on Twitter, @WavefrontHQ.

About VMware

VMware, a global leader in cloud infrastructure and business mobility, helps customers accelerate their digital transformation. VMware enables enterprises to master a software-defined approach to business and IT with VMware Cross-Cloud Architecture™ and solutions for the data center, mobility, and security. With 2016 revenue of $7.09 billion, VMware is headquartered in Palo Alto, CA and has over 500,000 customers and 75,000 partners worldwide.

VMware, vRealize, vRealize Operations, Log Insight, Cross-Cloud Services, VMworld, vSphere, and Cross-Cloud Architecture are registered trademarks or trademarks of VMware, Inc. in the United States and other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies.

Forward-Looking Statements

This press release contains forward-looking statements including, among other things, statements regarding VMware's intention to acquire Wavefront; the expected benefits of the acquisition; the anticipated closing of the acquisition in calendar Q2 2017; the expected complimentary nature of combined product offerings after close; and VMware's expectation that the acquisition will not have a material impact on its fiscal year 2018 operating results. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) the ability of the parties to satisfy closing conditions to the acquisition on a timely basis or at all; (ii) market conditions, regulatory requirements and other corporate considerations that could affect the timing and closing conditions to the acquisition; (iii) the ability to successfully integrate acquired companies and assets into VMware; (iv) VMware's customers' ability to accept emerging technology and to transition to new products and computing strategies; (v) competitive factors, including but not limited to entry of new competitors into the industries in which VMware competes, and new product and marketing initiatives by VMware's competitors; (vi) VMware's ability to enter into and maintain strategically effective partnerships; (vii) rapid technological changes in the virtualization software and cloud, end user and mobile computing industries; (viii) changes to product and service development timelines; (ix) VMware's ability to protect its proprietary technology; (x) VMware's ability to attract and retain highly qualified employees; (xi) adverse changes in general economic or market conditions; (xii) changes in VMware's financial condition; (xiii) fluctuating currency exchange rates; and (xiv) VMware's relationship with Dell Technologies and Dell's ability to control matters requiring stockholder approval. These forward-looking statements are made as of the date of this press release, are based on current expectations and are subject to uncertainties and changes in condition, significance, value and effect as well as other risks detailed in documents filed with the Securities and Exchange Commission, including VMware's most recent reports on Form 10-K and Form 10-Q and current reports on Form 8-K that we may file from time to time, which could cause actual results to vary from expectations. VMware assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.


Delivers smart, simple, trusted security for small business

HONG KONG, CHINA – Trend Micro Incorporated (TYO: 4704) (TSE: 4704), a global leader in cybersecurity solutions, today announced it is enhancing protection of small business endpoints by leveraging its newest capabilities of XGen™ security, including machine learning, inside Trend Micro Worry-Free Services. XGen™ security infuses high-fidelity machine learning into a blend of threat protection techniques to best protect against the full range of known and unknown threats across any user activity and endpoint. It constantly learns, adapts and automatically shares threat intelligence across the platforms and applications that matter most to customers.

Trend Micro's unique XGen™ security approach for small businesses uses proven methods to quickly identify benign data and known threats, freeing its smart advanced techniques, such as application control, exploit prevention, behavioral analysis, sandboxing and machine learning, to more quickly and accurately identify unknown threats. Trend Micro is the first to infuse 'high-fidelity' machine learning into its approach -- uniquely analyzing files both before execution and at runtime, using 'noise cancellation' features like census checking and whitelisting to reduce false positives. All of these capabilities are fueled by the market-leading, cloud-based global threat intelligence of the Trend Micro Smart Protection Network, which supplies rapid response updates when a new threat is detected, enabling faster time to protection.

"Small businesses are not immune to the 500,000 new, unique threats created every day1, In fact, Trend Micro saw a 752 percent increase in new ransomware families that ultimately resulted in $1 billion in losses for organizations worldwide in 20162," said Partha Panda, vice president, corporate and business development for Trend Micro. "These threats and attacks can disrupt operations and require costly fixes and manpower to correct. Advanced security protection is critical to ensure small businesses vigorously defend against today's cyber attacks and those to come in the future."

"As part of the beta test for Worry-Free Services, we were impressed with the machine learning capabilities of the solution," said Felix Lo, software development engineer for Apek Computer Technologies. "With the volume of new threats out there, it was imperative for us to have features that weed out known threats easily and focus advanced techniques on discovering and responding to the unknown threats we face daily. Trend Micro does this without compromising performance on our test machines."

Trend Micro Worry-Free Services is an industry-leading endpoint security solution, ranked first in worldwide content security for small business for five consecutive years3. The solution provides immediate protection against the latest cybersecurity threats, as well as anti-malware, anti-spam, ransomware protection and data security. It also delivers centralized control in a single management console across PCs, Macs, servers and mobile devices.

To learn more about Trend Micro Worry-Free Services, powered by XGen™ security, please visit https://www.trendmicro.com/en_us/small-business/worry-free.html.

About Trend Micro
Trend Micro Incorporated, a global leader in cyber security solutions, helps to make the world safe for exchanging digital information. Our innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud environments, networks, and endpoints. All our products work together to seamlessly share threat intelligence and provide a connected threat defense with centralized visibility and control, enabling better, faster protection. With more than 5,000 employees in over 50 countries and the world's most advanced global threat intelligence, Trend Micro enables users to enjoy their digital lives safely. For more information, visit www.trendmicro.com.hk.

1 Trend Micro Smart Protection Network statistics, 2016
2 Trend Micro 2016 Threat Landscape Report, "A Record Year for Enterprise Threats," February 2017
3 Canalys, Small Business Content Security Market Trends, 2016