Wednesday, December 12, 2018

A New Android Trojan Masquerading Battery Tool App To Steal Money From Paypal

Android users are having another attack on their devices. A new Android Trojan is abusing Android Accessibility to get hold of your Paypal account without actually hacking it. In addition, the Trojan is also attacking five legitimate apps, Google Play, WhatsApp, Skype, Viber, and Gmail.

 A New Android Trojan Masquerading Battery Tool App To Steal Money From Paypal
Guardocs - GridTech Security

Researchers from ESET security firm have discovered a Android Trojan employing a novel Android Accessibility abuse to hack the official PayPal app. This Trojan targets Android users, and the malware combines the capabilities of a remotely controlled banking Trojan with the misuse of Android Accessibility services, to target users of the official PayPal app. The Trojan is so capable, it can bypass the PayPal's two-factor authentication.
If installed, there is no way a regular user could detect the Trojan. 

Tuesday, December 11, 2018

SANGOMA Releases Results For The First Quarter Of FIscal 2019.

Press Release:

Quarterly Revenue up 81% and Earnings before interest, tax, depreciation and amortization (EBITDA) up 129% over last year.

MARKHAM, ONTARIO, November 22, 2018 – Sangoma Technologies Corporation (TSX VENTURE:STC), a trusted leader in delivering Unified Communications solutions, both in the cloud and on-premises, and the provider of the two most widely used open source communications software products in the world, today announced highlights of its first quarter unaudited results of fiscal 2019, ended September 30, 2018.
For the first quarter of fiscal 2019, sales were a record $21.44 million, 81% higher than the same quarter last year and 22% more than the immediately preceding quarter.  This quarter’s results include one month of the most recently completed acquisition of Digium, which closed in September.
1 Operating Income and EBITDA are metrics used by the Company to monitor its performance and the definitions may be found in the accompanying MD&A posted today at
“This is the first time in our history in which we have exceeded $20 million in quarterly revenue, and it’s great to see the contribution from Digium on our top line right away”, said Bill Wignall, President and CEO of Sangoma.  “The integration work unfolded pretty much as planned during our first quarter and the management teams are jointly working through expected savings during the second quarter, all of which is proceeding well.  I’m pleased to see EBITDA more than doubling from last year and at $2.5 million, the first quarter is a quick start that puts us well on track to achieve our $10 million in guidance for the year.  We remain very excited about Sangoma’s prospects following the Digium acquisition, and we are now even more confident in our ability to deliver a $100 million business in 2019.”
Gross profit was $12.44 million in the first quarter of fiscal 2019 at a gross margin on 58%, a figure that is expected to increase slightly in future quarters, as Digium results will be included for the entire quarter.
Operating expenses were $10.63 million in the first quarter of fiscal 2019, essentially double those of the prior year as a result of the two acquisitions completed since then.
For the first quarter of fiscal 2019 ended September 30, 2018 both EBITDA at $2.52 million and operating income at $1.81 million were more than double the same period of fiscal 2018.
Net loss for the first quarter ended September 30, 2018 was $1.00 million compared to net income of $0.39 million in fiscal 2018, reflecting the estimated $2.10 million of one-time transaction costs incurred to complete the acquisition of Digium during the quarter.
Sangoma finished the quarter with a cash balance of $5.00 million and total debt of $24.91 million following the completion of the Digium transaction. During the quarter adjusted cash flow from operations, to exclude the impact of the Digium acquisition, was $1.70 million.
Outlook for fiscal year 2019
As previously communicated, Sangoma expects revenue for fiscal 2019 to be approximately $100 million.  Further the company anticipates generating adjusted EBITDA (excluding one-time costs associated with the Digium acquisition) of $10 million this year, with adjusted EBITDA margins expanding to over 13% by fiscal 2020.
Conference Call
President and CEO, Bill Wignall, and CFO, David Moore will host a conference call on Friday November 23, 2018 at 12 noon Eastern Standard Time to discuss the quarterly results.  The dial-in number for the call is 1-800-319-4610 (International 1-604-638-5340).  Investors are requested to dial in 5 to 10 minutes before the scheduled start time and ask to join the Sangoma call.

Monday, December 10, 2018

FCC Saya At Least One Carrier Is Guily Of Breaking Mobility Fund Phase II (MF-II) reverse auction's mapping rules

Oklahoma Verizon Coverage

The Federal Communications Commission says that at least one carrier is apparently guilty of significant rules violations in the Mobility Fund Phase II (MF-II) reverse auction's mapping rules and submitted incorrect coverage maps..
The FCC did not name any specific carrier in Chaiman's announcement but the investigation was apparently due to a complaint about Verizon filed in August by the Rural Wireless Association (RWA) according to ARS.
Verizon claimed to cover almost all of the Oklahoma Panhandle, an area of 14,778.47 square kilometers, but an engineering firm hired by PTCI (Panhandle Telephone Cooperative, Inc.) "used publicly available information and the FCC-adopted 5Mbps downlink standard to produce a map that estimated that Verizon's coverage area should be approximately 6,806.49 square kilometers in the Oklahoma Panhandle—not even half of the LTE coverage area Verizon publicly claims to serve," the RWA wrote.

“My top priority is bridging the digital divide and ensuring that Americans have access to digital opportunity regardless of where they live, and the FCC’s Mobility Fund Phase II program can play a key role in extending high-speed Internet access to rural areas across America. In order to reach those areas, it’s critical that we know where access is and where it is not.  A preliminary review of speed test data submitted through the challenge process suggested significant violations of the Commission’s rules.  That’s why I’ve ordered an investigation into these matters.  We must ensure that the data is accurate before we can proceed.” said Chairman of the FCC Ajit Pai.

Complete report (PDF)

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