Global Report on

Technology and the Economy


18 Years Providing Weekly Foresight


The most accurate predictive letter in computing and telecommunications,
read by industry leaders worldwide.


SNS Subscriber Edition Volume 17, Issue 3 Week of January 20, 2014



E-Commerce in Crisis




In This Issue




E-Commerce in Crisis

The Inflation of Credit Card Theft

Wired South Korea

Chips: So Yesterday

Spying vs. Stealing



Quotes of the Week



China Banks:

The Plumbing Backs Up


Takeout Window

CarryAlongs Carry the Quarter, and Amazon Owns Christmas

Falling Indebtedness: Largely Due to Defaults, Not Repayment

South Korean Officials Resign After Credit Card Hack




In Case You Missed It...

Members Making News


Upcoming SNS Events

& Media Links


In Other House News...

How to Subscribe

May I Share This Newsletter?

About SNS

About the Publisher

Where's Mark?




INVNT/IP Reception


Co-hosted by the Calit2 and Qualcomm Institutes
At the Qualcomm Institute, UCSD



What happens when the greatest minds in security, intel, economics and technology get together?


Stay tuned. Formal invitation and details to follow.





   "Ever since I heard Mark talk, all other conversations seem irrelevant." Paul Kirwin, CEO, Channel Signal




Reading Selection:


The Crash of 2016: The Plot to Destroy America - and What We Can Do to Stop It, by Thom Hartmann (Twelve; Nov. 12, 2013).


For those who think that corporations are playing an outsized role in governing. mra.







E-Commerce in Crisis



A funny thing happened on the path to putting all business and banking online: the same access that makes it attractive to E-Commerce vendors and customers makes it even more attractive to thieves. We're approaching a moment when the question of which group shares more risk, and which benefits most, is flipping.


The thieves are winning.


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