Hard disk shortage drives up PC prices

Hard disk prices have doubled for some PC manufacturers following the floods in Thailand.

Floods hit the tech manufacturing hub last week, shutting down factories that make hard disks and other tech components.

PC Pro's A List hard disk, the Samsung Spinpoint F3 1TB, was £49 before the floods, and has since jumped to £109 including VAT at Dabs, while Overclockers is selling it for £99 with VAT.

Farooq Ahmed, director of Arbico Computers, said over the past few weeks, a 500GB drive jumped in price from around £23 to £65, a 1TB has leapt from £33 to £80, and Ahmed has seen prices top £100. He said 2TB hard drives were £45 to £50 before the floods, £100 earlier this week, and are now between £120 to £130.

"It's up everyday," he said, noting prices are going up at a rate of about £5 a day this week. "People are trying to make as much money out of it as possible."

"I've never seen a shortage like this before in any component, except higher-end graphics," he said.

For hard drives, he said his suppliers are not expecting any stock for the next two to three months, with short supplies for up to the next six months.

"We've had to increase prices [for PCs] by £40 in the last week and a half," Ahmed said. "If we don't, we're selling at a loss."

Tight margins mean there's simply no room for PC makers to absorb such costs, with Ahmed saying his firm is "lucky" to get a 10% margin on a PC, with some bringing in only 1% or 2%.

Ben Miles, a spokesman from Chillblast, reported a similar situation. He said prices for a 2TB drive have gone from £45 ex VAT to over £200 this week. "It's just gone absolutely insane," he said.

"There's a fair amount of profiteering and suppliers that do have stock," he added.

He said Chillblast has already had to raise prices on all systems except those it's contractually required to keep the same - and on those it's making a substantial loss.

Miles said his firm normally keeps two weeks' worth of hard disks in stock, but has bought up enough for two months to ensure customers receive their orders. "It's more stock than we've ever had, and we paid a monstrous amount for it," he said.

The problem isn't only affecting UK manufacturers, with Acer saying the floods would hurt its revenue next quarter, and prices would have to increase.

“The whole PC production chain is stuck at a bottleneck,”said Acer CEO JT Wang, according to the Financial Times. "This is not a problem that we can solve by ourselves and so we have started raising prices” of PCs, he added.

Microsoft latest security risk: "Cookiejacking"

BOSTON (Reuters) - A computer security researcher has found a flaw in Microsoft Corp's widely used Internet Explorer browser that he said could let hackers steal credentials to access FaceBook, Twitter and other websites.

He calls the technique "cookiejacking."

"Any website. Any cookie. Limit is just your imagination," said Rosario Valotta, an independent Internet security researcher based in Italy.

Hackers can exploit the flaw to access a data file stored inside the browser known as a "cookie," which holds the login name and password to a web account, Valotta said via email

Once a hacker has that cookie, he or she can use it to access the same site, said Valotta, who calls the technique "cookiejacking."

The vulnerability affects all versions of Internet Explorer, including IE 9, on every version of the Windows operating system.

To exploit the flaw, the hacker must persuade the victim to drag and drop an object across the PC's screen before the cookie can be hijacked.

That sounds like a difficult task, but Valotta said he was able to do it fairly easily. He built a puzzle that he put up on Facebook in which users are challenged to "undress" a photo of an attractive woman.

"I published this game online on FaceBook and in less than three days, more than 80 cookies were sent to my server," he said. "And I've only got 150 friends."

Microsoft said there is little risk a hacker could succeed in a real-world cookiejacking scam.

"Given the level of required user interaction, this issue is not one we consider high risk," said Microsoft spokesman Jerry Bryant.

"In order to possibly be impacted a user must visit a malicious website, be convinced to click and drag items around the page and the attacker would need to target a cookie from the website that the user was already logged into," Bryant said.

Facebook leaked keys to account data: Symantec

US computer security firm Symantec has said that Facebook accidentally left a door open for advertisers to access profiles, pictures, chat and other private data at the social network.

Facebook told AFP that there was no evidence anyone stepped through that door and swiped any information from the accounts of its more than 500 million members.

Symantec discovered that certain Facebook applications leaked tokens that act essentially as "spare keys" for accessing profiles, reading messages, posting to walls or other actions.

Facebook applications are Web software programs that are integrated onto the leading online social network's platform. Symantec said that 20 million Facebook applications, such as games, are installed every day.

"We appreciate Symantec raising this issue and we worked with them to address it immediately," Facebook said in response to an AFP inquiry.

The tokens were being leaked to third-party applications including advertisers and analytics platforms, allowing them to post messages or mine personal information from profiles, according to Nishant Doshi of Symantec.

"Fortunately, these third-parties may not have realized their ability to access this information," Doshi said in a blog post.

"We have reported this issue to Facebook, who has taken corrective action to help eliminate this issue."

Symantec estimated that as of April, nearly 100,000 applications were giving away keys to Facebook profiles.

"We estimate that over the years, hundreds of thousands of applications may have inadvertently leaked millions of access tokens to third parties," Doshi said.

Facebook confirmed the problem, which was discovered by Doshi and Symantec colleague Candid Wueest, according to the computer security firm.

But Facebook said the Symantec report had a few "inaccuracies."

There was no evidence that the problem resulted in private information being gleaned from Facebook members' accounts, according to the California-based social networking service.

"In addition, this report ignores the contractual obligations of advertisers and developers which prohibit them from obtaining or sharing user information in a way that violates our policies," Facebook said.

There was no reliable estimate of how many tokens have been leaked since the release of Facebook applications in 2007.

Despite whatever fix Facebook has put in place, token data may still be stored in files on third-party computers, Symantec warned.

"Concerned Facebook users can change their Facebook passwords to invalidate leaked access tokens," Doshi said.

"Changing the password invalidates these tokens and is equivalent to 'changing the lock' on your Facebook profile."

Five game accessories you don't need

he video game industry is littered with terrible gadgets. But while the gaudiest gear -- Nintendo's ROB the Robot and PowerGlove, or the original Xbox's massive Steel Battalion setup -- score headlines, it's the smaller bits and baubles that can really make you crazy.

Intended to make your gaming experience smoother, easier, smarter, or prettier, the worst extras often wind up spending more time in a drawer than your hands. Here are a few pieces of gaming hardware you should probably play without:

HDMI CablesExpensive HDMI Cables

It's a common tale: You tear open the box for your brand new home console, start setting it up, but are miffed to find that the system didn't come with the correct cable to take advantage of your HD TV. You'll need an HDMI cable -- and that's where things get kooky.

We're not going to venture too deeply into the debate about whether 'high-end' HDMI cables deliver better visual quality than cheap ones. That's something videophiles can quibble over. The fact is: The majority of the population isn't nuance-focused enough to see a dramatic difference between bargain basement cables and, for instance, these clinically-insane $1,000 cables. Save your money -- and your mind -- by keeping your HDMI purchase under $20 and spend the extra dough on a new game or two.

8-in-1 Wii Sports PackWii Sports add-ons 

There are really too many of these silly plastic extensions to list separately. Put simply, any device you stick your Wii remote into that looks like a tennis racket, golf club, baseball bat or any other full- or partial-sized sporting utility does nothing more than make you look like a dork. On top of that, the added weight may slow down your reaction time and make you a worse player. And, let's face it, there are enough recorded accidents from the Wii without having to add accessory-related damages to the mix. Unless your kid is absolutely begging for a plastic fishing rod or something, leave the Wiimote alone.

Glowing PS3 controllerCheap, gimmicky third-party controllers

While there are a handful of good third-party controllers on the market, most are bad ideas. In general, they're less comfortable than first-party controllers, and it's not uncommon for the triggers to get stuck and for parts to break when subjected to heavy usage. Need another controller? Spend the extra $10 or so and grab one from the company that made the console. They know it best -- and they've spent the most time and money researching what players truly want from a gamepad.

Check out the Craziest Game Controllers

3rd Space VestsGaming Vests

Everyone wants their game to be more immersive. That's especially true in shooters like Call of Duty and Bioshock. But there's a point where immersion goes too far. That point is the video game vest.

Goofy vests have been around for ages (N64 Rumble Vest, anyone?), but these days the market is corned by the 3rd Space Game Vest. Taking force feedback to the next level, the vest ... well, let's allow the company's marketing to explain: "Sense the direction and force of bullet fire, crushing explosions, and fear-inducing finger taps, perfectly synced with the on-screen action." Using an air compressor to simulate the impact of bullets, this vest will simultaneously make a questionable fashion statement and set you back $139. Wear a jacket instead.

DSi ZoomDSi Zoom Lens 

Look, we know it's cool that the Nintendo DSi comes with a camera, but no one in their right mind is going to use this thing as their primary method of capturing life's Kodak moments. Fun for parties? Sure, but attaching wonky, unwieldy lenses to a streamlined device like the DSi is just silly. If you absolutely feel the need to buy attachable lenses, maybe it's time to start looking into DSLRs.

Chinese tech giants fight over 4G phones

Two of China's biggest technology companies have launched a court battle in Europe over mobile phone patents in a rare public clash between firms Beijing is promoting as national champions.

The fight between Huawei Technologies Ltd. and ZTE Corp. highlights the challenge for communist leaders who need to manage Chinese corporate ambitions as they try to create global competitors in telecoms, energy and other fields. It is the first case of its kind between major Chinese companies, which usually settle disputes in private.

"We're going to see more of this in this industry and others," said David Wolf, a technology marketing consultant in Beijing. "The government will find, wow, we've got these national champions, but now they're trying to kill each other."

The dispute centers on fourth-generation mobile technology, which companies that are developing it say will deliver more stable connections, wireless broadband and other advances. It is in limited use in the United States and being tested elsewhere.

Control of key patents could help decide which equipment suppliers are positioned to reap billions of dollars in sales once it is rolled out in other markets.

Huawei and ZTE make network gear, the core of phone systems. They have multibillion-dollar annual sales in China, Africa and Latin America and see themselves as potential global 4G leaders. That fits with Communist Party hopes to transform China from a low-cost factory into a creator of profitable technology.

Huawei announced last week it filed patent infringement lawsuits against ZTE in France, Germany and Hungary. ZTE rejected the claims and said it has asked a French court and Chinese regulators to invalidate a Huawei patent.

Huawei and ZTE are among China's first wave of fledgling multinational companies. They compete with Nokia-Siemens Networks, Ericsson and Alcatel-Lucent and have a small but growing U.S. and European presence.

Their dispute comes amid mounting complaints by foreign business groups about Beijing's industrial policy. They say China is improperly supporting favored companies by limiting market access and providing low-cost loans and other support.

Huawei's lawsuits accuse ZTE of infringing patents for data cards and improperly using a Huawei-registered trademark on some of its products.

"We will do whatever is required to ensure that the use of Huawei's intellectual property by any company is based on internationally accepted protocols and practices," said Huawei's chief legal officer, Song Liuping, in a statement.

ZTE said its lawsuit accused Huawei of infringing its 4G patents. The company said it also has asked a French court and China's State Intellectual Property Office to invalidate Huawei's patents for a rotary USB connector used to exchange data between devices.

"ZTE respects the intellectual property rights of other companies, but it will not stop protecting its own intellectual property rights," said a company statement.

Huawei, founded in 1987 by a former Chinese military engineer, has 110,000 employees and reported 2010 revenues of 182 billionyuan ($28 billion). ZTE, founded in 1985, has 70,000 workers and reported 2010 revenues of 70 billion yuan ($10.8 billion).

Their status as industry leaders gives both high-level political influence. But Chinese leaders want both to succeed — a possible reason for a stalemate and the decision to go to court.

An impartial ruling by a European court also might add to the winner's appeal for potential customers by reinforcing its status as a technology creator, rather than a Chinese policy tool.

"They are making an interesting statement by filing those lawsuits not in Chinese courts but overseas, because Chinese courts are perceived to be very political, and they want this matter obviously adjudicated on the legal merits," said Wolf, CEO of Wolf Group Asia.

Huawei and ZTE are unusual among major Chinese companies because they compete directly with each other, offering similar products in the same markets.

Authorities who want China's potential global companies to focus their competitive energies on foreign rivals have tried to head off clashes in other industries by assigning different markets or products to individual enterprises.

In aerospace, a plan to create a homegrown jetliner to compete with Boeing Co. and Airbus Industrie was assigned to one state-owned company while a potential rival was told to develop a smaller regional jet instead.

Huawei has suffered setbacks as it tries to expand in the United States. It was forced in February to unwind its acquisition of 3Leaf Systems, a maker of cloud computing technology, after it failed to win approval from a U.S. security panel.

In a separate case, Huawei won a court order that temporarily blocked the sale of Motorola Solutions Inc.'s network business to rival Nokia-Siemens Networks. Huawei said the deal might reveal business secrets because Motorola sold Huawei equipment. Motorola settled with Huawei for an undisclosed fee.

Also this month, Ericsson said it has filed lawsuits against ZTE in Britain, Germany and Italy accusing the company of infringing patents for handset and network technology. The Swedish company asked the courts to block ZTE from selling mobile phones that contain the disputed technology and some network products.

___

Huawei Technologies Ltd: www.huawei.com

ZTE Corp.: www.zte.com.cn

Area-51 ALX Desktop

Let the Bragging BeginThe new Area-51® ALX is Alienware's most powerful desktop, giving you the most bone-shaking, body-quaking performance in the universe. With the highest overclocked CPUs, the most extreme graphics and new aggressive design, you'll be the deadliest force that’s known and feared by all other gamers. Go ahead — the bragging rights are now yours.

The Fastest Speeds Possible

Accelerate your gaming speed to heart-stopping levels with Intel®Core™ i7 975 Extreme processors, pre-overclocked by Alienware's experts for ultimate power. Get the advantage of CPUs pushed up to two or three additional bin speeds — as high as 3.86GHz. With the highest overclocked speeds around, you'll be amazed by what you can do.

The Ultimate Visual Experience™Conquer and destroy any competition with the most powerful graphics in the universe. ATI CrossFireX™ and NVIDIA® SLI graphics deliver higher frame rates at HD resolutions, all while maxing out game settings. Choose the GPU brand that best fits your needs. Then add a second graphics card to experience a new level of spectacular performance — all of it cooler and quieter, thanks to the liquid-cooled configuration.

ATI CrossFireX - Dominate any game with the ultimate multi-GPU performance gaming platform, enhanced by the latest Microsoft DirectX technology.


NVIDIA SLI - Don’t dial back game settings; crank ’em up. With NVIDIA SLI graphics and Microsoft DirectX technology, you will experience your digital media like never before.

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Your Command CenterAlienware Command Center provides intuitive, user-friendly access to exclusive applications, including AlienFX® lighting effects, Alienware thermal controls and AlienFusion power management. Updates and new releases download directly into Command Center, creating a constantly evolving tool for personalizing your system.

AlienFX Lighting — Choose from an array of 20 colors — up to an amazing 64 million lighting color combinations — to customize the effects across several distinct zones.

Designed for Total DominationThe power of the Alienware Area-51 ALX is undeniable — inside and out. Take command immediately with Alienware's all-new, anodized aluminum case design that includes motorized vents for managing your thermals and intimidating the competition.

Active Venting — This Alienware-exclusive feature helps your system stay cooler in the heat of battle. Controlled through Alienware's Command Center, the series of motorized vents can be programmed to allow greater airflow in high-performance situations.

Easy, Lighted Access - Look inside the Alienware Area-51 ALX, and you'll see why it's easier than ever to make this desktop your own. You can access most of the core components without any tools for faster upgrades. And the chassis includes two-zone, internal theater lighting — powered by rechargeable batteries — so you can service the system even when the A/C cord is unplugged.


Liquid Cooling - Eliminate distractions with high-performance CPU liquid cooling, which is more than twice as quiet as the standard heatsink and fans on other PCs. The efficient cooling also increases the reliability of your overclocked settings.

Tech Spec

Processor

Intel® CoreTM i7 990x (4GHz/12MB cache)
Intel® CoreTM i7 990x (3.46GHz/12MB cache)
Intel® CoreTM i7 960 (3.2GHz/8MB cache)

Operating System

Genuine Windows® 7 Ultimate 64-Bit
Genuine Windows® 7 Professional 64-Bit
Genuine Windows® 7 Home Premium 64-Bit

Memory2


Up to 12GB2 Tri-Channel DDR3 SDRAM at 1333Mhz - 3 DIMMS
Up to 6GB2 Tri-Channel DDR3 SDRAM at 1866Mhz - 3 DIMMS
Up to 12GB2 Tri-Channel DDR3 SDRAM at 1600Mhz - 3 DIMMS

Hard Drive Help Me Choose

Up to 2000GB3 SATA II hard drive (7200RPM)
Up to 1280GB3 SATA II hard drive (10000RPM)
Up to 512GB3 Solid State hard drive

Optical Drive

Single Optical Disc Drive Options

16X Dual-Layer Burner (DVD±RW)
24X Dual-Layer Burner (DVD±RW)
Dual Layer Blu-ray Disc™ Reader (BD-ROM, DVD±RW, CD-RW)
6X Dual Layer Blu-ray Disc™ Burner (BD-RE, DVD±RW, CD-RW)

Dual Optical Disc Drive Options

Drive 1: 16X Dual-Layer Burner (DVD±RW)
Drive 2: Dual Layer Blu-ray Disc™ Reader (BD-ROM, DVD±RW, CD-RW)
Drive 1: 16X Dual-Layer Burner (DVD±RW)
Drive 2: 6X Dual Layer Blu-ray Disc™ Burner (BD-RE, DVD±RW, CD-RW)
Drive 1: 24X Dual-Layer Burner (DVD±RW)
Drive 2: Dual Layer Blu-ray Disc™ Reader (BD-ROM, DVD±RW, CD-RW)
Drive 1: 24X Dual-Layer Burner (DVD±RW)
Drive 2: 6X Dual Layer Blu-ray Disc™ Burner (BD-RE, DVD±RW, CD-RW)

Video CardHelp Me Choose

2048MB AMD RadeonTM HD6870
2048MB AMD RadeonTM HD6950
NVIDIA® GTX580 GeForce®

Ports

Front I/O Ports

(3x) High-Speed USB 2.0
(1x) eSATA
(1x) Firewire IEEE 1394
(1x) Microphone In
(1x) Headphone/Speaker Out

Rear I/O Ports

(1x) eSATA
(1x) RJ-45 Gigabit Ethernet
(6x) High-Speed USB 2.0
(1x) Firewire IEEE 1394
(1x) Microphone In
(1x) Line-In
(1x) Front Left/Right Speakers
(1x) Center Speaker
(1x) Rear Left/Right Speakers
(1x) Side Left/Right Speakers
(1x) SPDIF Digital Output (TOSLINK)
(1x) SPDIF Digital Output (Coax)
(2x) PS/2 (mouse/keyboard)

HDTV Tuners Options

Internal PCI-e Digital/Analog TV Tuner (Optional)

Power

Alienware™ 1100 Watt Multi-GPU Approved Power Supply

Chassis

Motherboard and Chassis Form Factor

ATX Motherboard, Full-Tower Chassis

System Dimensions

557.6 mm (22") - Height
595.5 mm (23.4") – Height - Vent Open
656.3 mm (25.8") – Depth
277.1 mm (10.9") – Width
15.4mm (0.6") - Deployed Rear Foot Height Adder
Average Weight - 38 kgs (84 lbs.)

Motherboard

Alienware™ Approved Intel® X58 ATX Motherboard

Processor Cooling

High-Performance Liquid Cooling

Exclusive ALX Chassis Features

Anodized Aluminum Chassis Finish
Motorized Front Door

Friendster to delete users' content by May 31

Attention, Friendster users: You have until May 31 to save your account contents including photos, testimonials, and blogs —or else you'll lose them in the social network's upcoming major reformat.

Friendster, a pioneer social networking site launched in 2002, issued the warning as it prepares a "new and improved version" in the coming weeks.

"Your Friendster account will not be deleted. You will still have the same email login and password in the new Friendster. Also, your list of friends will be preserved, along with your basic profile information. However, all the photos, messages, comments, testimonials, shoutouts, blogs, forums and groups that you may have now will no longer be part of your account by May 31, 2011," it said in its help forum.

To be preserved are the user's list of friends, along with basic profile information, wallet, and games.

But to help the user save his or her account content, Friendster offered an application to help download or export photos and blogs securely to third party sites, such as Flickr or Multiply.

Dubbed the Friendster Exporter, the app will be rolled out gradually and is now available for users inSingapore.

Users in the Philippines, Malaysia and Indonesia can expect the app to be available in a few days after April 14, it added.

It said that the app will be available to all Friendster users before the end of April 2011.

Relaunching Friendster

Friendster was acquired in December 2009 by MOL Global, the parent company of Asia’s leading online payment solutions provider MOL AccessPortal Berhad.

Friendster said that it and MOL have been combined to create Asia's largest end-to-end content, distribution and commerce network, pairing MOL's offline retail channel partners and payment platform with Friendster's large online footprint, social network and user community in Asia.

But MOL CEO Ganesh Bangah explained that the new Friendster aims not to compete with, but instead to complement, Facebook.

Complementing Facebook

He noted that, while Facebook is a site where people can communicate with and find out what their real-life friends are doing, Friendster will be the place where people can meet new friends and play games and enjoy music with them. The pioneering social network will continue to innovate and be at the forefront of the social networking scene, he said in an article on ZDNet Asia.

Friendster said that its "new and improved" version will be focused on entertainment and fun, and will have new features to better enable users to connect with friends or engage new friends with similar interests.

"Our improved site is designed to create new profiles that allow you to connect differently with people and do things differently than other networking sites. Basically, the new site will complement your existing online presence in other social networking sites," the company said.

Popular in Asia

A July 15, 2010 article in the Global Post said that, while Friendster lost users in the United States to MySpace and Facebook in the mid-2000s, the social network exploded in the Philippines, where nearly half of its userbase is located.

It said that Friendster later spread to Malaysia and Indonesia.

Now, roughly 80 percent of Friendster’s 116 million users live in Southeast Asia, the report said. — TJD, GMA News

WD TV Live Hub

The WD TV Live Hub media centre puts all your personal entertainment right on the 1TB hard drive, so it's easily accessible. Enjoy music, videos, photos or even the stuff you love to watch on the Internet – an Ethernet connection makes it a cinch to get connected to your wired network, while Full HD playback lets you enjoy spectacular picture quality on your HDTV.

Product Features

Load up the high-capacity drive with all your media to create your own personal media jukebox. With just a few clicks, you can play your home movies, share vacation slideshows, and play your music on the big screen and sound system in your living room.

• Access popular Internet content from the comfort of your living room via wired network connection
• Full HD 1080p video playback makes this Hub the perfect partner for your compatible HDTV
• Use the programmable remote control to make your entertainment choices using animated navigation menus
• Play almost any type of media file; the WD TV Live Hub supports a wide variety of the most popular file formats including HD camcorder video formats (no need to spend time transcoding)
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Messi Facebook page draws over 6 million

Following tens of millions of other social media fans worldwide,Barcelona midfield star Lionel Messi set up a Facebook page on Wednesday.

In contrast to his electronic peers, however, within just a few hours his page had attracted more than six million followers.

Such popularity warranted a speedy response from the Argentina international.

"Welcome to everyone and thanks for all the messages you have been sending me. Now we shall be closer with Facebook," said the two-time world footballer of the year, whose followers come from all corners of the globe.

Messi, 23, was later hoping to help propel Barcelona towards the Champions League semi-finals with Barca taking on Ukraine's Shakhtar Donetsk at the Nou Camp Wednesday.

Assuming the three-time winners advance they will likely face La Liga rivals Real Madrid, 4-0 up from their first leg with Tottenham- a semi-final which will doubtless attract a welter of further posts from player and fans alike.

Greed and technology tempt insider trading culprits

NEW YORK (Reuters) - Rooting out one dishonest investment banker amongst the hundreds who sign confidentiality agreements for a merger is virtually impossible despite the checks and balances banks put in place.

On Wednesday, U.S. federal prosecutors accused two men of running a 17-year conspiracy to trade on corporate merger secrets stolen from three of the nation's most powerful law firms, including venerable Silicon Valley firm Wilson Sonsini Goodrich & Rosati PC.

The charges come amid a broad government crackdown on insider trading, including the criminal trial of Galleon Group hedge fund founder Raj Rajaratnam and last month's charges that a U.S. Food and Drug Administration chemist traded on insider information about drug approvals.

Questions also have surfaced about David Sokol, a former top deputy to Warren Buffett who quit Berkshire Hathaway Inc last week amid questions over his trading in stock of a company Berkshire later agreed to buy.

Despite clear rules governing non-disclosure of inside information, investment bank's large compliance departments, and code words used to conceal merger partners' identities, insider trading cases still continue to happen.

"You can't legislate human behavior. People will act as people will do," David Lazarus, senior managing director, co-founder, EdgeRock Realty Advisors, said at the Reuters Global Mergers and Acquisitions Summit in New York.

"The greed of humans and the way it's structured in the U.S. is a good thing because it's the way of capitalism, but there's always those people who will go over the line," Lazarus said.

In any given merger auction, for example, several hundred people ranging from investment bankers and lawyers to corporate executives and public relations consultants and event planners may know private information that could move the stock market.

"You have three advisors with five people teams. Another 10 at the firms who know they're working on it. You have a couple of law firms. Eleven bidders you sent books to. The universe gets to 250 people pretty damn quick. It's very, very hard to manage that kind of information," Lazarus said.

"The way info flows these days: computers, emails, fax, texts -- very, very hard to manage these processes in a way that they can stay confidential," Lazarus said.

Still, every firm, boss and co-worker needs to be vigilant to make sure sensitive information remains private, bankers said.

"When people come to me and say 'Gee, I'm thinking of investing,' or I see someone trade a lot of stocks in my group, my antenna goes up because I don't do it," said Jackson Hsieh, vice chairman of UBS investment banking group.

"People start spending in unusual ways, buying certain things, basic stuff, you have to ask questions -- what happened? You married a rich wife? You inherited it?" Hsieh said.

"It's a small percentage but it does happen. People do stupid things," Hsieh said.

Corporations, banks and law firms have long had rules in place about the disclosure of proprietary information. Compliance departments also oversee the stock trades of employees and ethics training happens for new and existing employees, bankers said.

"We all have very, very careful procedures," said Garrett Moran, chief operating officer of the private equity group at Blackstone Group LP "You just don't do a trade unless you ask your compliance department in advance."

"I think it's really a question of executing on policies, people being more vigilant, educating junior bankers in the right way, making sure people don't get arrogant or view their role in transactions in a different way than they have historically or how policies would dictate," said Brad Whitman, co-head of FIG M&A at Barclays Capital.

"Confidentiality and conflicts and Chinese walls and all that are taken incredibly seriously. It could destroy your reputation in the market. It's staying focused and making sure no one is trying to elevate themselves above their clients or our institutions," Whitman said.

Another insider trading case in 2009 included an executive at the Blackstone Group, who was charged with masterminding a $3.6 million scheme.

"These stories are incredible -- that someone would put themselves above the clients and above the firm and I think just mis-assessing. Their judgment is just way off," Whitman said.

New Google +1 Feature "Check It Out"

Google has implemented a new feature on its search engine which will allow users to share recommendations with their friends and contacts, very much like the Facebook 'likes' feature.

According to Google, +1 is shorthand for "this is pretty cool" or "check it out!" The new Google +1 feature will let users who are logged in to their Google account recommend search results to their chat buddies or contacts.

Visitors to Google search will also be able to view search results that have been recommended by their friends. All the recommendations made via +1 will be public, Google said, adding that users will be able to manage their recommendations from the Google Dashboard.

“The beauty of +1’s is their relevance—you get the right recommendations (because they come from people who matter to you), at the right time (when you are actually looking for information about that topic) and in the right format (your search results),” Robert Spiro, a product manager at Google, said in a statement.

The search engine giant said that soon the +1 feature will be able to incorporate recommendations from connections on social networking platforms like Twitter. In order to start +1'ing, users would need to create a Google Profile or update their existing one. The new feature is still at an experimental stage and will be rolled out slowly in English on Google.com.