DOCSLIB.ORG

Connect Discover Be Free Annual Report 2013

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Connect Discover Be Free Annual Report 2013 Liberty Global Annual Report 2013 Connect Discover Be Free Annual Report 2013 www.libertyglobal.com/ar-2013 Shareholder Information Board of Directors Executive Officers Liberty Global’s Class A, B and C Ordinary Shares trade on the NASDAQ Global Select Market under the symbols LBTYA, LBTYB, and LBTYK, respectively. John C. Malone Michael T. Fries Chairman of the Board President and Chief Executive Officer Liberty Global plc Investor Relations Contacts Michael T. Fries Charles H.R. Bracken 38 Hans Crescent [email protected] President and Chief Executive Officer Executive Vice President and Co-Chief Financial Officer SW1X 0LZ London Christopher Noyes (Principal Financial Officer) United Kingdom +1 303 220 6693 Andrew J. Cole Phone: +44 20 7190 6300 Oskar Nooij Chief Executive Director, European Division Bernard G. Dvorak +1 303 220 4218 of Asurion Corp. Executive Vice President and Co-Chief Financial Officer Transfer Agent (Principal Accounting Officer) Computershare Corporate Communications Contacts John P. Cole, Jr. P.O. Box 43023 [email protected] Founder and Retired Partner of Cole, Bryan H. Hall Providence, Rhode Island 02940 Bert Holtkamp Raywid & Braverman Executive Vice President, General Counsel, and Secretary 888 218 4391 +31 20 778 9447 (Outside the U.S.) +1 781 575 3919 Marcus Smith Miranda Curtis Diederik Karsten +44 20 7190 6374 Retired President, Liberty Global Japan Executive Vice President, European Broadband Operations Independent Certified Public Accountants Annual Report on Form 10-K/A John W. Dick Balan Nair KPMG LLP Liberty Global’s Annual Report on Form 10-K/A as Private Investor Executive Vice President and Chief Technology Officer 1225 Seventeenth Street, Suite 800 filed with the Securities and Exchange Commission Denver, Colorado 80202 is available without charge (except for exhibits). Paul A. Gould Amy M. Blair Please contact Investor Relations. Managing Director, Allen & Company, LLC Senior Vice President and Chief Human Resources Officer Richard R. Green Manuel Kohnstamm Retired President and Chief Executive Officer, Senior Vice President and Chief Policy Officer Forward-Looking Statements Rebased revenue and OCF growth is presented (b) principal payments on vendor financing Cable Television Laboratories, Inc. This report contains forward-looking statements to show growth on a comparable basis by obligations and (c) principal payments on Robert M. Leighton within the meaning of the Private Securities neutralizing the effects of acquisitions and capital leases (exclusive of the portions of the David E. Rapley Senior Vice President, Programming Litigation Reform Act of 1995, including our foreign currency exchange rate fluctuations. network lease in Belgium and the duct leases in expectations with respect to our future growth For purposes of calculating rebased revenue Germany that we assumed in connection with Retired Executive Vice President, VECO Corp. – Alaska prospects. See pages I-5 and I-7 of the enclosed and OCF growth, we have adjusted our historical certain acquisitions), with each item excluding Mauricio Ramos Annual Report on Form 10-K/A for a description 2012 revenue and OCF to (i) include the pre- any cash provided or used by our discontinued Larry E. Romrell President, Liberty Global Latin America of other forward-looking statements included acquisition revenue and OCF of certain entities operations. We also present Adjusted Free Retired Executive Vice President, Tele-Communications, Inc. in this report and certain of the risks and acquired during 2012 and 2013 in the respective Cash Flow, which adjusts FCF to eliminate the uncertainties that could cause actual results to 2012 rebased amounts to the same extent incremental FCF deficit associated with the James Ryan differ materially from those expressed or implied that the revenue and OCF of such entities are VTR Wireless mobile initiative and certain J.C. Sparkman Senior Vice President and Chief Strategy Officer by such statements. included in our 2013 results and (ii) reflect the financing and other costs associated with Retired Chairman of the Board of Broadband Services, Inc. translation of our 2012 rebased amounts at the the Virgin Media acquisition. For additional Andrea Salvato Notes on Defined Terms applicable average exchange rates that were information concerning these definitions and Unless otherwise indicated in this report, used to translate our 2013 results. Our OCF calculations, please see our earnings release J. David Wargo Senior Vice President and Chief Development Officer subscriber growth statistics exclude subscribers margin is calculated by dividing OCF by total dated February 13, 2014. President, Wargo & Company, Inc. of acquired entities at the date of acquisition, revenue for the applicable period. We define Rick Westerman but include the impact of changes in subscribers Free Cash Flow or FCF as net cash provided by Basis of Presentation from the date of acquisition. These statistics are operating activities, plus (i) excess tax benefits With the exception of Net earnings (loss) and Senior Vice President, Investor Relations presented on a net basis. related to the exercise of share-based incentive Net earnings (loss) attributable to Liberty and Corporate Communications awards and (ii) cash payments for third-party Global shareholders, all Operating and Financial For our definition of operating cash flow or costs directly associated with successful and information contained herein is that of our OCF and the related reconciliation, see note unsuccessful acquisitions and dispositions, continuing operations. 17 to our consolidated financial statements in less (a) capital expenditures, as reported in the enclosed Annual Report on Form 10-K/A. our consolidated statements of cash flows, Table of Contents Letter to Shareholders 2 2013 Key Figures 6 Our Operations 8 Inside back cover Board of Directors Executive Offi cers LIBERTY GLOBAL 1 Dear Shareholders 2013 was a landmark year for Liberty Global. With the $24 billion acquisition of Virgin Media in the UK, we entered Europe’s most vibrant media and communications market and solidifi ed our position as the world’s largest international cable company. Meanwhile, strong consumer demand for our market-leading product bundles allowed us to deliver our third consecutive year of more than 1 million organic subscriber additions, putting us in the upper echelon of growth companies in our industry. In early 2014, we agreed to buy Ziggo, the largest Dutch cable operator, in a transaction valued at €10 billion ($13.7 billion). This acquisition will create a nationwide cable footprint in the Netherlands, signifi cantly enhancing our competitive position in one of our core markets. Looking ahead, we remain bullish about our prospects to drive continued growth and innovation to the benefi t of all our stakeholders, especially our customers. 2 LIBERTY GLOBAL Market-leading products drive growth In 2013, we delivered another year of industry-leading growth. We recorded 1.3 million 1.3 million organic subscriber additions, ending the year with over 24 million unique customers subscribing to more than 48 million of our video, broadband internet and telephony subscriber additions services across the 14 countries where we operate. On the fi nancial front, we generated $17.3 billion of combined revenue, including Virgin Media for the full year, refl ecting rebased growth of 4%. On the same basis, our combined operating cash fl ow grew 4% to just under $8 billion and our adjusted free cash fl ow increased 16% to $1.8 billion. This is consistent with our stated goal to generate annual free cash fl ow growth in the mid-teens over the next several years. We have ambitious plans to leverage our mobile expertise across a number of additional markets. This performance was driven in large part by continued demand for our superior broadband products and advanced TV platforms. Our core bundles in nearly every market feature broadband speeds ranging from 100 to 150 Mbps, along with maximum speeds of up to 500 Mbps, which even the most advanced DSL services simply cannot match. In 2013, we added 867,000 broadband internet and 718,000 telephony subscriptions. As a result, nearly 60% of our customers now subscribe to at least two products from us. On the television front, we continue rolling out our advanced digital platforms. At the end of the year, we had 13.2 million digital video subscribers representing 63% digital penetration, up from 52% a year earlier. Even more exciting, we now provide services to 2.5 million next-generation video subscribers, including more than 2 million TiVo subscribers in the UK and 500,000 Horizon TV subscribers across the Netherlands, Switzerland, Ireland and Germany. With Horizon TV’s signifi cant growth potential and the launch of this groundbreaking product into additional markets in 2014, we are poised for rapid growth in the years ahead. Signifi cant progress in wireless Through the acquisition of Virgin Media, we have signifi cantly expanded our mobile reach, ending the year with 4.1 million mobile subscribers and nearly $1.2 billion in revenue. We have ambitious plans to leverage our mobile expertise across a number 2.5 million of additional markets in 2014 with the development of our centralized wireless platform. In addition, we are investing in complementary WiFi services to provide customers with next-gener ation the choice and convenience of connecting when they are away from home. TV subscribers We expect to have well over 3 million WiFi homespots active across our European footprint by the end of 2014. Our business thrives on scale In 2013, we signifi cantly expanded our scale in Europe. Through the acquisition of Virgin Media last June, we added 5 million customers subscribing to over 12 million services and became a leading broadband communications company in the UK, which is now our LIBERTY GLOBAL 3 largest market with over $6.4 billion of revenue. Over the last several quarters, we have made substantial progress integrating Virgin Media into the Liberty Global family, which we expect will underpin our cash fl ow growth in 2014 and over the next several years.
Load more

Recommended publications
  • Managing Real Options in Television Broadcasting
    The Television Struggle: an Assessment of Over-the-Top Television Evolutions in a Cable Dominant Market (*) Bastiaan BACCARNE, Tom EVENS & Dimitri SCHUURMAN iMinds – MICT, Ghent University, Belgium Abstract: Traditional television screens have lost their monopoly on television content. With a helping hand of digitalization, the introduction of ever more screens in our lives and increasingly faster network technologies, a wide variety of alternative screens and sources of television content are trying to conquer a piece of the audiences' viewing time. This evolution calls for new kinds of services and has the potential to change the current television market. This paper assesses the evolution of over-the-top television services in Flanders, a cable dominant market in which several OTT TV services emerged during the past two years. By presenting an analysis of the market and the results of a large scale end-user survey (n: 1,269) we provide insights on the future of OTT TV and its impact on the current television ecosystem. In the Flemish market, both traditional broadcasters, the channels themselves and new market entrants are launching OTT TV services. These market evolutions are being related to user expectations and usage patterns in order to assess the challenges for future television. This also allows to make assumptions on future scenarios regarding so-called "cord- cutting" behaviour. Because of the high adoption of triple play bundles and fierce competition between the two dominant television distributors, a large scale video cord-cutting scenario is highly unlikely for the Flemish television market. Although OTT TV might gain importance, it will be hard for 'OTT TV- only' services to replace the traditional television distributors.
    [Show full text]
  • Data Standards Manual Summary of Changes
    October 2019 Visa Public gfgfghfghdfghdfghdfghfghffgfghfghdfghfg This document is a supplement of the Visa Core Rules and Visa Product and Service Rules. In the event of any conflict between any content in this document, any document referenced herein, any exhibit to this document, or any communications concerning this document, and any content in the Visa Core Rules and Visa Product and Service Rules, the Visa Core Rules and Visa Product and Service Rules shall govern and control. Merchant Data Standards Manual Summary of Changes Visa Merchant Data Standards Manual – Summary of Changes for this Edition This is a global document and should be used by members in all Visa Regions. In this edition, details have been added to the descriptions of the following MCCs in order to facilitate easier merchant designation and classification: • MCC 5541 Service Stations with or without Ancillary Services has been updated to include all engine fuel types, not just automotive • MCC 5542 Automated Fuel Dispensers has been updated to include all engine fuel types, not just automotive • MCC 5812 Eating Places, Restaurants & 5814 Fast Food Restaurants have been updated to include greater detail in order to facilitate easier segmentation • MCC 5967 Direct Marketing – Inbound Telemarketing Merchants has been updated to include adult content • MCC 6540 Non-Financial Institutions – Stored Value Card Purchase/Load has been updated to clarify that it does not apply to Staged Digital Wallet Operators (SDWO) • MCC 8398 Charitable Social Service Organizations has
    [Show full text]
  • Editorial by Nicolás Smirnoff
    WWW.PRENSARIO.TV WWW.PRENSARIO.TV //// EDITORIAL BY NICOLÁS SMIRNOFF CEE: ups & downs at the new digital era Central & Eastern Europe is going forward through the new digital era with its own tips. The region has suffered a deep crisis from 2008 to 2017- 2018, with many economies Prensario just standing up. This has International meant rare investment pow- er and long-term plans, but at the same time the change ©2018 EDITORIAL PRENSARIO SRL PAYMENTS TO THE ORDER OF moves fast and comparing to EDITORIAL PRENSARIO SRL other territories, CEE shows OR BY CREDIT CARD. REGISTRO NACIONAL DE DERECHO strong digital poles and de- DE AUTOR Nº 10878 velopment appeals. Argentina: In favor, most of the biggest broadcast- OTT platforms? It is what main broadcasters Las Casas 3535 ers are group of channels that include many of the world are doing, to compete better in CP: 1238 the new converged market and to generate Buenos Aires, Argentina countries, so it is easier to set up cross region- Tel: (+54-11) 4924-7908 al plans and to generate high-scale moves. proper synergies. If content business moves Fax: (+54-11) 4925-2507 On the opposite, there are many different to franchise management, it is important to USA: languages and audiences, so it is difficult to be flexible enough to any formula. 12307 SW 133 Court - Suite #1432 spread solutions that work to every context. This Natpe Budapest? It promises to be bet- Miami, Florida 33186-USA Phone: (305) 890-1813 Russia is a big Internet pole and now it is ter than last ones, with the region going up Email: [email protected] also a big production hub for international and the need of pushing more and more col- Website: www.prensario.tv companies setting up studios or coproduc- laborations.
    [Show full text]
  • APSCC Monthly E-Newsletter OCTOBER 2017
    APSCC Monthly e-Newsletter OCTOBER 2017 The Asia-Pacific Satellite Communications Council (APSCC) e-Newsletter is produced on a monthly basis as part of APSCC’s information services for members and professionals in the satellite industry. Subscribe to the APSCC monthly newsletter and be updated with the latest satellite industry news as well as APSCC activities! To renew your subscription, please visit www.apscc.or.kr/sub4_5.asp. To unsubscribe, send an email to [email protected] with a title “Unsubscribe.” News in this issue has been collected from September 1 to September 30. INSIDE APSCC APSCC 2017 Satellite Conference & Exhibition, 10-12 October, Tokyo, Japan The APSCC Satellite Conference and Exhibition is Asia’s must-attend executive conference for the satellite and space industry, where business leaders come together to gain market insight, strike partnerships and conclude major deals. Celebrating its 20th annual event APSCC 2017 #SATECHexplorer will incorporate industry veterans and new players through the 3-day of in-depth conference program to reach out to a broader audience. Join APSCC 2017 and expand your business network while hearing from a broad range of thought-provoking panels and speakers representing visionary ideas and years of business experience in the industry. For more information, please visit www.apscc2017.com SATELLITE BUSINESS Bluesky Cook Islands to Launch 4G+ Service via SES Networks September 4, 2017 - Bluesky Cook Islands, the sole provider of fixed phone, mobile and broadband services to the Cook Islands, has increased the amount of satellite capacity it is using from SES Networks, in order to launch 4G+ service to Rarotonga and Aitutaki, the two key cities of the island nation.
    [Show full text]
  • Mediaconcentratie in Vlaanderen
    MMediaconcentratieediaconcentratie iinn VVlaanderenlaanderen rapport 2009 VLAAMSE REGULATOR VOOR DE MEDIA Koning Albert II-laan 20,bus 21 1000 Brussel COLOFON Samenstelling, redactie en eindredactie: Stijn Bruyneel, Ingrid Kools en Francis Soulliaert Verantwoordelijke uitgever: Joris Sels, gedelegeerd bestuurder Koning Albert II-laan 20, bus 21 1000 Brussel Tel.: 02/553 45 04 Fax: 02/553 45 06 e-mail:[email protected] website: www.vlaamseregulatormedia.be Lay-out en druk: Digitale drukkerij Facilitair Management Vlaamse Overheid Depotnummer: D/2009/3241/429 Mediaconcentratie in Vlaanderen INHOUDSTAFEL Samenvatting ......................................................................................................................... 10 1 DE VLAAMSE MEDIASECTOR ............................................................................................... 13 1.1 RADIO ......................................................................................................................... 17 1.1.1 Contentleveranciers ........................................................................................................................ 17 1.1.2 Radio-omroeporganisaties ............................................................................................................. 18 1.1.2.1 Landelijke publieke radio-omroeporganisaties ........................................................ 18 1.1.2.2 Regionale publieke radio-omroeporganisaties ......................................................... 19 1.1.2.3 Wereldomroep ..............................................................................................................
    [Show full text]
  • Global Pay TV Operator Forecasts
    Global Pay TV Operator Forecasts Table of Contents Published in October 2016, this 190-page electronically-delivered report comes in two parts: A 190-page PDF giving a global executive summary and forecasts. An excel workbook giving comparison tables and country-by-country forecasts in detail for 400 operators with 585 platforms [125 digital cable, 112 analog cable, 208 satellite, 109 IPTV and 31 DTT] across 100 territories for every year from 2010 to 2021. Forecasts (2010-2021) contain the following detail for each country: By country: TV households Digital cable subs Analog cable subs Pay IPTV subscribers Pay digital satellite TV subs Pay DTT homes Total pay TV subscribers Pay TV revenues By operator (and by platform by operator): Pay TV subscribers Share of pay TV subscribers by operator Subscription & VOD revenues Share of pay TV revenues by operator ARPU Countries and operators covered: Country No of ops Operators Algeria 4 beIN, OSN, ART, Algerie Telecom Angola 5 ZAP TV, DStv, Canal Plus, Angola Telecom, TV Cabo Argentina 3 Cablevision; Supercanal; DirecTV Australia 1 Foxtel Austria 3 Telekom Austria; UPC; Sky Bahrain 4 beIN, OSN, ART, Batelco Belarus 2 MTIS, Zala Belgium 5 Belgacom; Numericable; Telenet; VOO; Telesat/TV Vlaanderen Bolivia 3 DirecTV, Tigo, Entel Bosnia 3 Telemach, M:Tel; Total TV Brazil 5 Claro; GVT; Vivo; Sky; Oi Bulgaria 5 Blizoo, Bulsatcom, Vivacom, M:Tel, Mobitel Canada 9 Rogers Cable; Videotron; Cogeco; Shaw Communications; Shaw Direct; Bell TV; Telus TV; MTS; Max TV Chile 6 VTR; Telefonica; Claro; DirecTV;
    [Show full text]
  • 40% More Gigabytes in Spite of the Pandemic
    Industry analysis #3 2020 Mobile data – first half 2020 40% more gigabytes in spite of the pandemic But revenue negatively affected: -0.5% 140% Average +51% Average +54% th 120% Tefficient’s 28 public analysis on the 100% development and drivers of mobile data ranks 116 80% operators based on average data usage per 60% SIM, total data traffic and revenue per gigabyte in 40% the first half of 2020. y growth in mobile data usage data mobile in y growth - o - 20% Y The data usage per SIM grew for basically every 0% Q1 2020 Q2 2020 operator. 42% could turn -20% that data usage growth into ARPU growth. It’s a bit lower than in our previous reports and COVID-19 is to blame; many operators did report negative revenue development in Q2 2020 when travelling stopped and many prepaid subscriptions expired. Mobile data traffic continued to grow, though: +40%. Although operators in certain markets were giving mobile data away to mitigate the negative consequences of lockdowns, most of the global traffic growth is true, underlying, growth. Data usage actually grew faster in Q2 2020 than in Q1 2020 even though lockdowns mainly affected Q2. Our industry demonstrated resilience, but now needs to fill the data monetisation toolbox with more or sharper tools. tefficient AB www.tefficient.com 3 September 2020 1 27 operators above 10 GB per SIM per month in 1H 2020 Figure 1 shows the average mobile data usage for 116 reporting or reported1 mobile operators globally with values for the first half of 2020 or the full year of 2019.
    [Show full text]
  • Providence Equity Partners to Acquire a Majority Stake in the Dutch and Flemish Satellite TV Providers Canaldigitaal and TV Vlaanderen
    PRESS RELEASE Providence Equity Partners to Acquire a Majority Stake in the Dutch and Flemish Satellite TV Providers CanalDigitaal and TV Vlaanderen Hilversum, February 22, 2007 -- CanalDigitaal and TV Vlaanderen, the Dutch and Flemish DTH satellite TV operators, announced today that Providence Equity Partners will acquire a majority stake in the companies. Airbridge Investments, currently the 100% owner of the companies, will co- invest alongside Providence and will hold the remaining shares together with management. The executive management team will remain unchanged. CanalDigitaal will continue its expansion in the Dutch market for TV distribution, and the start up TV Vlaanderen will continue its very successful rollout in the Flemish market. The transaction is subject to the approval of the Netherlands Competition Authority (NMa). “CanalDigitaal and TV Vlaanderen are exceptionally well positioned to drive and benefit from the expansion of satellite television in the Netherlands and Belgium,” said Jörg Mohaupt, a Managing Director of Providence Equity Partners. “The management team has a tremendous understanding of the rapidly evolving digital television marketplace in the Netherlands and Belgium and are focusing these companies on meeting the increasing demand for digital media services there. We look forward to partnering with them to support the growth of these companies.” Hans Wolfert, Partner of Airbridge Investments and Chairman of CanalDigitaal, said “This agreement marks a new phase in Dutch and Flemish DTH satellite TV distribution. Particularly in the Netherlands watching TV via satellite has rapidly matured, with a market share of over 9% already. With Providence, the largest investor in this field, we will have various benefits and are well prepared for the next phase, which includes challenges such as the successful introduction of HDTV and expansion where possible.
    [Show full text]
  • Pay TV, SVOD and Cord-Cutting in the EU
    Pay TV, SVOD and cord-cutting in the EU Christian Grece Moscow - 29th October 2019 A presentation of the European Audiovisual Observatory Table of Contents 1. Overview of the pay audiovisual service market in the EU 2. Cord-cutting in Northern Europe – Main stats 3. Outlook – pay TV and SVOD services 1. Overview of the pay audiovisual service market in the EU The EU audiovisual market – pay TV largest market, SVOD main growth engine Pay TV represents with EUR 33,9 billion the largest market segment - 31% of total market revenues However, growth is driven by on-demand services, especially SVOD Furthermore, pay TV markets health and importance vary by EU country – pan-EU picture only an average The EU AV market – revenues of EUR 111,5 billion in 2017 Growth rate of revenues by market segment 2016/17 Cinema gross box-office 7 6% Physical video (incl. taxes) 3,4 3% TVOD revenues 1,5 1% 45,7% SVOD revenues 3,6 3% 29,5% Public funding 25,5 23% Overall market growth 1,5% 2,3% 1,9% Pay-TV revenues 33,9 0,9% -0,1% -0,2% 31% Advertising TV 31,4 28% -16,8% Advertising Radio 5,3 5% Source: IHS, Warc, EBU/MIS, OBS, Ampere Analysis Main growth in pay service subscribers comes from SVOD subscriptions Pay TV subscriber base almost twice as large than SVOD in 2018 But SVOD quickly catching-up - 90% of all net additions the past 5 years to pay services come from SVOD In 2018, 35% of all subscribers to pay service come from SVOD (up from 10% in 2014) EU subscribers to OTT SVOD and pay TV services, 2014-2018 in millions 220,8 77,1 35% 151,7 10% 15,6 CAGR
    [Show full text]
  • PAY TV MARKET ENVIRONMENT and COMPETITION in Poland, Pay TV Services Are Offered by DTH Operators, Cable TV Operators and IPTV Providers
    PAY TV MARKET ENVIRONMENT AND COMPETITION In Poland, pay TV services are offered by DTH operators, cable TV operators and IPTV providers. By our estimates, at the end of 2012, Polish operators provided pay TV services to approximately 11 million subscribers. According to AC Nielsen’s data (Establishment Survey 2012), excluding households using more than one pay TV service, the pay TV market saturation in Poland was approximately 66% at the end of 2012. Cable TV was once the main form of access to pay TV services in Poland. Cable TV operators focus on customers in densely populated areas, where extensive infrastructure already exists or can be developed at a relatively low cost per subscriber. On the other hand, DTH operators are able to offer their services to customers in both urban areas, as well as less densely populated areas with non‐ existent or poorly developed cable TV infrastructure, without the need to increase costs. The IPTV market in Poland is growing relatively slowly, mainly due to technological constraints resulting from the lack of modern infrastructure of capacity sufficient to provide high‐quality and profitable services. 1 Based on own estimates and data published by the operators (annual reports of the TVN Group and the Telekomunikacja Polska Group for 2012). 2 Based on own estimates and data published by the Polish Chamber for Electronic Communication (PIKE). 3 Based on own estimates and data published by the operators (annual reports of the Telekomunikacja Polska Group and Netia S.A. for 2012). DIGITAL SATELLITE PAY TV OPERATORS In Poland, there are currently, two main DTH platforms in Poland: Cyfrowy Polsat, nc+.
    [Show full text]
  • Comodo Threat Intelligence
    Comodo Threat Intelligence Lab SPECIAL REPORT: AUGUST 2017 – IKARUSdilapidated Locky Part II: 2nd Wave of Ransomware Attacks Uses Your Scanner/Printer, Post Office Billing Inquiry THREAT RESEARCH LABS Locky Ransomware August 2017 Special Report Part II A second wave of new but related IKARUSdilapidated Locky ransomware attacks has occurred, building on the attacks discovered by the Comodo Threat Intelligence Lab (part of Comodo Threat Research Labs) earlier in the month of August 2017. This late August campaign also uses a botnet of “zombie computers” to coordinate a phishing attack which sends emails appearing to be from your organization’s scanner/printer (or other legitimate source) and ultimately encrypts the victims’ computers and demands a bitcoin ransom. SPECIAL REPORT 2 THREAT RESEARCH LABS The larger of the two attacks in this wave presents as a scanned image emailed to you from your organization’s scanner/printer. As many employees today scan original documents at the company scanner/printer and email them to themselves and others, this malware-laden email will look very innocent. The sophistication here includes even matching the scanner/printer model number to make it look more common as the Sharp MX2600N is one of the most popular models of business scanner/printers in the market. This second wave August 2017 phishing campaign carrying IKARUSdilapidated Locky ransomware is, in fact, two different campaigns launched 3 days apart. The first (featuring the subject “Scanned image from MX-2600N”) was discovered by the Lab to have commenced primarily over 17 hours on August 18th and the second (a French language email purportedly from the French post office featuring a subject including “FACTURE”) was executed over a 15-hour period on August 21st, 2017.
    [Show full text]
  • Algemene Voorwaarden TV Vlaanderen
    ALGEMENE VERKOOPS- EN LEVERINGS- VOORWAARDEN TV VLAANDEREN® is een handelsmerk gebruikt onder licentie door M7 Group S.A. Maatschappelijke zetel: Rue Albert Borschette 2, L-1246 Luxembourg | R.C.S. Luxembourg: B148.073 Vestigingsvergunning n° 00143760 versie 17.12 INHOUD Hoofdstuk 1 - Algemene bepalingen 1. Definities ....................................................................................................................................................................1 2. Toepasselijkheid ......................................................................................................................................................1 3. Totstandkoming Overeenkomst .......................................................................................................................1-2 4. Duur van de Overeenkomst .................................................................................................................................2 5. Beëindiging en herroeping ...............................................................................................................................2-3 6. Vergoedingen ..........................................................................................................................................................4 7. Betaling .....................................................................................................................................................................5 8. Installatie van de Diensten ...................................................................................................................................5
    [Show full text]