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Yahoo, no more: sold. Mayer's gain: "$365 million, 5 years at Yahoo". Who said in 2012 "Fool's bargain"?

If someone's gain at anyone's loss: who is the fool if there's a fool's bargain?
July 07, 2012: "Mayer was making a fool's bargain
to choose Yahoo over Google as the ambitious executive
shocked the tech world by leaving Google to become Yahoo’s new CEO"
Dec 14, 2015: "If she stays on board for another year and a half,
Mayer will make $365 million for 5 years of work at Yahoo"
"The vast majority of her pay isn't tied to Yahoo's performance as a company"
Jan 10, 2017: Yahoo is sold to Verizon.
"Yahoo's board voted to alter its change-in-control provision
to include the sale of a major business unit as well; and with that,
Mayer's $123 million payday was created."
"Without that vote, Mayer would have walked away with "only" around $14 million."

(quote)

Dec 14, 2015
If she stays on board for another year and a half, Marissa Mayer will make $365 million for five years of work at Yahoo.
The vast majority of her pay isn't tied to Yahoo's performance as a company
- it's tied to Yahoo's stock price.

Jan 10, 2017  read more »

Digital. Trump rarely uses email: "no computer is safe". Hack self-driving cars' sensors? $43 & a laser pointer

(quote)

Jan. 01, 2014
PALM BEACH, Fla. President-elect Donald Trump says that "no computer is safe" when it comes to keeping information private, expressing new skepticism about the security of online communications his administration is likely to use for everything from day-to-day planning to international relations.

Trump rarely uses email or computers, despite his frequent tweeting.

"You know, if you have something really important, write it out and have it delivered by courier, the old-fashioned way. Because I'll tell you what: No computer is safe," Trump told reporters during his annual New Year's Eve bash. "I don't care what they say."

Today's self-driving cars rely on spinning sensors called lidar that can cost more than $10,000 each. But it took Jonathan Petit just $43 and a laser pointer to confuse and defeat them.

"Anybody can go online and get access to this, buy it really quickly, and just assemble it, and there you go, you have a device that can spoof lidar," Petit, a cybersecurity expert, told Business Insider.

One of the first researchers to show how easy it is to hack self-driving cars' sensors, he was able to trick a sensor into thinking objects were there when they weren't, and vice versa.  read more »

"Two Steps Wiser" ebook release to celebrate a wonderful New Year: a very happy 2017 to all!

*NEW release*
Two Steps Wiser - World Culture Pictorial Online Journal Vol. 02
by Dean Goodluck

Available via Apple iBookstore/iTunes and Kobo eBooks.

Happy New Year!

Traditional vs smartphone bank: open a bank account in just 8 minutes? you can lose it even faster

(quote)

Dec 28, 2016
open a bank account in just 8 minutes? you can lose it even faster - smartphone-only bank N26 German fintech company N26, which made its name mocking traditional banks, has found itself on the receiving end of criticism after a security researcher proved its smartphone apps exposed users to potential account hijacking.

N26, previously known as Number26, has expanded rapidly since it launched in early 2015 as a smartphone-only bank with no local branches, with the backing of major global investors including Silicon Valley's Peter Thiel.

Vincent Haupert, a research fellow and PhD student in the computer science department of the University of Erlangen-Nuernberg, told the Chaos Communications Congress in Hamburg how he and two colleagues found N26 security defenses riddled with holes that could have been used to defraud thousands of users.

"They say you can open a bank account in just eight minutes," Haupert said. "As it turns out, you can lose it even faster." In a statement, N26 thanked Haupert for alerting the company to "a theoretical security vulnerability" and advising it on fixes, which N26 said it completed this month.

N26 offers a range of online banking and other financial services to 200,000 customers in 17 European countries through a banking license granted earlier this year by German financial regulator Bafin. N26 executives have been the most outspoken among new fintech players in arguing traditional banks are failing to serve customers more directly by relying on antiquated local branch relationships instead of modern, phone-based services.

"I don't see banks at all as my competitors. They just can't move fast enough," N26 Chief Executive Valentin Stalf told Reuters last year.  read more »

*One Step Wiser* - World Culture Pictorial Online Journal

*NEW releases*
One Step Wiser - World Culture Pictorial Online Journal Vol. 01
by Dean Goodluck

Two Steps Wiser - World Culture Pictorial Online Journal Vol. 02
by Dean Goodluck

*NEW releases*

Three Steps Wiser - World Culture Pictorial Online Journal Vol. 03
by Dean Goodluck

Four Steps Wiser - World Culture Pictorial Online Journal Vol. 04
by Dean Goodluck

From the publisher -
World Cultural Pictorial®'s online journey took its very first step on Earth Day, 2008 (Vol. 1-4: Apr-Dec'08). Universe is infinite, comprehensive reading is twin to broad vision. Thus the journal collections is filled with random thoughts, humor and art - from poetry to policy, from food to high tech, from floating city to cosmic smash-up, to endless wrestling of global powers... Fun to read tons of readers' comments.

Digital. Massive Data Stolen: one billion accounts at Yahoo, and 134,386 sailors' personal information

(quote)

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.

(unquote)

Photo courtesy REUTERS / Denis Balibouse/File photo

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