internet

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Queen Jack Dorsey Says There's Value in Twitter Remaining Independent
Twitter Inc. Chief Executive Officer Jack Dorsey said there’s "strength" in the social-media company remaining independent, deflecting renewed speculation that it may again be an acquisition target.

"There’s a lot of strength to our independence because we can work on every device, work through every medium," Dorsey said Tuesday at the Goldman Sachs Technology and Internet Conference in San Francisco. "We’re not constrained by the particular whims of one platform versus another."

Twitter shares, which rose 8.1 percent at Tuesday’s close in New York, jumped on several trading days last month on takeover speculation. In a January note to investors, BTIG analyst Richard Greenfield predicted that Twitter will be acquired this year, saying it has become too valuable to remain independent. Reports of acquisition talks regarding the microblogging service first emerged in 2016, with potential suitors including Walt Disney Co. and Alphabet Inc.’s Google.

Twitter has made significant improvements since those talks fell apart without a deal. The company’s shares have more than doubled in the past year, driven by stronger financial performance and changes to the app that are bringing users back to the platform more frequently. Earlier this month, San Francisco-based Twitter reported its first revenue growth in four quarters and its first real profit.

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Photo courtesy Bloomberg

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12 September, 2017
Equifax CEO Richard Smith Apologizes for the 'Most Humbling Moment in Our 118-Year History'
Equifax CEO Richard Smith has apologized for the massive cybersecurity breach at the company, which he described as "the most humbling moment in our 118-year history" and resolved to "make changes" to ensure nothing similar happens again.

28 September, 2017
Equifax Promises A New Lifetime Service, As New Leader Offers An Apology
Equifax is promising consumers new control over access to their personal credit data — for free, and for life — as interim CEO Paulino do Rego Barros Jr. apologized to people affected by the company's recent data breach. He said the company had failed to live up to expectations.

"On behalf of Equifax, I want to express my sincere and total apology," Barros wrote in an op-ed for The Wall Street Journal.

In the piece published behind the Journal's online paywall, but that doesn't seem to have been reproduced on Equifax's own site, Barros also unveiled plans for a new credit-monitoring tool:

"By Jan. 31, Equifax will offer a new service allowing all consumers the option of controlling access to their personal credit data. The service we are developing will let consumers easily lock and unlock access to their Equifax credit files. You will be able to do this at will. It will be reliable, safe and simple. Most significantly, the service will be offered free, for life."  read more »

Mark Zuckerberg unveiled Facebook in 2004. Now, just 17 years later, this 32-year-old billionaire is ready to give it all up (Mark Zuckerberg unveiled Facebook in 2004, barely 20 years old.)? Why? According to those closest to the developer, Zuckerberg is disgusted with the way the public has used and abused the platform.

(ET, Tuesday, March 14, 2017) And when it comes to using the platform he created to bully or disparage others, Zuckerberg is completely disgusted. "He hates the way some users utilize the platform to bring others down or even to circulate false accounts of events or history."

Someone who DID quit Facebook: "Why I'm quitting Facebook, By Douglas Rushkoff, CNN"

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Photo courtesy Entertainment Today

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Dec 14, 2016
Yahoo announced Wednesday that hackers stole data from more than one billion customer accounts.

Nov 24, 2016
Personal data belonging to 134,386 current and former sailors in the U.S. Navy has been compromised, the Navy said on Wednesday.

It wasn't immediately clear when the hack took place, but the Navy is pointing the finger at a compromised laptop belonging to a contractor as the source of the data breach.

In a statement, the Navy said it was notified by Hewlett Packard Enterprise Services that a laptop belonging to one of its employees was compromised. That employee, the Navy said, was working in support of a Navy contract.

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Photo courtesy REUTERS / Denis Balibouse/File photo

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MiamiHerald July 25, 2016 Judge ruled: Bitcoin is not actually money
In a case closely watched in financial and tech circles, Miami-Dade Circuit Judge Teresa Mary Pooler ruled that Bitcoin was not backed by any government or bank, and was not “tangible wealth” and “cannot be hidden under a mattress like cash and gold bars.”

A Miami-Dade judge ruled Monday that Bitcoin is not actually money, a decision hailed by proponents of the virtual currency that has become popular across the world.

In a case closely watched in financial and tech circles, the judge threw out the felony charges against website designer Michell Espinoza, who had been charged with illegally transmitting and laundering $1,500 worth of Bitcoins. He sold them to undercover detectives who told him they wanted to use the money to buy stolen credit-card numbers.

But Miami-Dade Circuit Judge Teresa Mary Pooler ruled that Bitcoin was not backed by any government or bank, and was not “tangible wealth” and “cannot be hidden under a mattress like cash and gold bars.”

“The court is not an expert in economics; however, it is very clear, even to someone with limited knowledge in the area, the Bitcoin has a long way to go before it the equivalent of money,” Pooler wrote in an eight-page order.

The judge also wrote that Florida law — which says someone can be charged with money laundering if they engage in a financial transaction that will “promote” illegal activity — is way too vague to apply to Bitcoin.  read more »

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2016/06/06 Facebook CEO Mark Zuckerberg hacked Facebook CEO Mark Zuckerberg’s Twitter, Pinterest, Instagram and LinkedIn accounts were allegedly hacked Sunday by a group believed to be from Saudi Arabia as a demonstration of the vulnerability of social media accounts, even for top tech leaders. Embarrassing security lapses are nothing new for Zuckerberg. He was hacked in 2013 by an unemployed Palestinian, Khalil Shreateh. The group claims that it hacked two of Zuckerberg’s social media accounts, supposedly to alert the Facebook founder to a security weakness by tweeting to Zuckerberg:
"@finkd, we got access to your Twitter & Instagram & Pinterest, we are just testing your security, please dm [directly message] us. "

Zuckerberg responded less than an hour later, telling the “skids” to leave him alone. But six minutes later, a tweet on Zuckerberg’s account revealed a password that OurMine claims to have acquired in last month’s database leak at LinkedIn.  read more »

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Apr 12, 2016 - ABC News Report: Data Breaches Bigger, Worse Than You Think In addition to 9 “mega-breaches” of personal data in 2015, tens of millions of personal records were likely exposed or stolen the same year but went unreported because the companies or entities involved chose to keep the size of the breach a secret, The report from California-based Symantec said that the number of companies that refused to report the scope of a data breach jumped by 85 percent last year, what one senior Symantec officer said was a “disturbing trend.” Some 429 million personal records were exposed in 2015 -- many of them through mega-breaches like the Office of Personnel Management hack and one that reportedly hit a huge voter database -- but that number is only based on entities that shared the scope of the breach. Symantec estimates that the real number of exposed or stolen records, including those that went unreported, likely tops half a billion. Senior Vice President at Symantec told ABC News that the research shows cyber-crime has moved on from its “start-up phase.” “As a growth business, these guys have figured out how to make money,”

Growing business has moved on from its “start-up phase.”
A “disturbing trend - a market has evolved to meet demand.”  read more »