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The board of Snapdeal is expected to meet tomorrow to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart. Also, on the agenda will be getting Nexus Venture Partners (NVP), an early investor in Snapdeal, to agree to the sale deal. The seven-member board of Jasper Infotech, which operates Snapdeal, includes representation from investors SoftBank, Kalaari Capital and Nexus Venture Partners (NVP), as well as co-founders Kunal Bahl and Rohit Bansal. The valuation of Snapdeal is believed to be one of the hurdles to the deal, as Kalaari and NVP were not in agreement with the valuation given by SoftBank, which is the largest shareholder in Snapdeal. SoftBank has now succeeded in getting Kalaari (another early-stage investor in Snapdeal) to agree but is yet to get NVP on board for the deal. The sources said once NVP agrees, the deal with Flipkart could be announced in a matter of weeks. The deal with Flipkart, if it happens, would...
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New software continuously scrambles code to foil cyber attacks: Technique sets a deadline on hackers to severely limit chances of success

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New software continuously scrambles code to foil cyber attacks: Technique sets a deadline on hackers to severely limit chances of success : As long as humans are writing software, there will be coding mistakes for malicious hackers to exploit. A single bug can open the door to attackers deleting files, copying credit card numbers or carrying out political mischief. A new program called Shuffler tries to preempt such attacks by allowing programs to continuously scramble their code as they run, effectively closing the window of opportunity for an attack.
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