Security News

August 22, 2019

Fintech firm Pagaya issuing $115 million asset-backed security

This post was originally published on this siteU.S.-Israeli Pagaya, which uses artificial intelligence (AI) to manage institutional money, said on Thursday it is issuing a $115 million consumer credit asset-backed security (ABS) led by structuring agent Cantor Fitzgerald.
August 22, 2019

China telcos weigh sharing 5G network to cut costs, potentially hurting Huawei

This post was originally published on this siteChina Telecom said on Thursday it is ready to build a 5G mobile network with its rivals in order to reduce costs, a proposal that is likely to cut multi-billion dollar equipment orders for vendors such as Huawei Technologies.
August 22, 2019

South Korea’s top court to rule on Samsung heir’s bribery case on August 29

This post was originally published on this siteSouth Korea’s Supreme Court said it will rule next Thursday on whether to uphold the reduced sentence given to Samsung Group heir Jay Y. Lee or ask an appeals court to revisit a case that was part of a graft scandal that brought down the country’s then-president in 2017.
August 22, 2019

South Korea’s top court to rule on Samsung heir’s bribery case on August 29: YTN

This post was originally published on this siteSouth Korea’s Supreme Court will deliver a ruling on the bribery conviction of Samsung Group heir Jay Y. Lee on Aug. 29 in a corruption scandal that led to the ouster of the country’s then-president in 2017, broadcaster YTN said on Friday.
August 22, 2019

Explainer: Macron’s quest for an international tax on digital services

This post was originally published on this siteFrench President Emmanuel Macron is pressing ahead with a digital tax in France, a move U.S. President Donald Trump described as “foolishness”, and the French leader is keen to reach an international agreement on taxing big tech companies.
August 22, 2019

Fitbit targets 1 million new users with Singapore government tie-up

This post was originally published on this siteFitbit Inc said on Wednesday it signed a contract with the Singapore government to provide fitness trackers and services in a health program it said could reach up to one million users.
August 22, 2019

Facebook shuts dozens of Myanmar social media accounts over ‘inauthentic behavior’

This post was originally published on this siteFacebook Inc said on Thursday it had shut 216 social media pages, groups and accounts in Myanmar, some tied to the army, to stymie efforts to “manipulate or corrupt public debate”.
August 21, 2019

Splunk to buy cloud software firm SignalFx in $1 billion deal

This post was originally published on this siteData analytics software maker Splunk Inc on Wednesday said it would acquire privately held SignalFx, which makes software for the cloud, in a cash and stock deal for about $1.05 billion.
August 21, 2019

India needs to reduce ecommerce restrictions to revive economy: Amazon executive

This post was originally published on this siteIndia needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday.
August 21, 2019

Ahead of G7 summit, Macron presses U.S. to help reform taxes on big tech

This post was originally published on this siteFrench President Emmanuel Macron said on Wednesday U.S. tech giants paid unfairly low taxes, failing to contribute to the common good, and urged Washington to help reform the global corporate tax code.
August 21, 2019

San Francisco crowdfunder Kiva sets up Sierra Leone credit database

This post was originally published on this siteKiva, a San Francisco-based tech charity, is using blockchain to create an online ID database in Sierra Leone allowing people who struggle to get loans to prove their credit history.
August 21, 2019

Fitbit wins deal for 1 million new users in Singapore health plan

This post was originally published on this siteFitbit Inc said on Wednesday it won a contract with the Singapore government to provide fitness trackers and services to up to one million of the country’s citizens as part of a health initiative that begins in October.
August 21, 2019

Fitbit eyes one million new users in Singapore health scheme

This post was originally published on this siteFitbit Inc has won a contract with the Singapore government to provide fitness trackers and services to up to one million of the country’s citizens as part of a health initiative that begins in October.
August 21, 2019

BYD’s profit triples as China’s electric car boom continues

This post was originally published on this siteChinese electric car maker BYD Co Ltd posted a 203.6% rise in first-half profit on Wednesday, as China’s new energy vehicle market continues to surge.
August 21, 2019

Amazon tests water in Israel with website to attract local sellers

This post was originally published on this siteE-commerce giant Amazon on Wednesday launched a Hebrew-language website to recruit local Israeli companies to sell their products via Amazon.com, the latest step toward launching a local business in the country.
August 21, 2019

Amazon opens its biggest global campus in India

This post was originally published on this siteAmazon.com Inc on Wednesday launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest growing overseas markets.
August 21, 2019

Google, Apple, Mozilla move to block Kazakh surveillance system

This post was originally published on this siteAlphabet Inc’s Google, Apple Inc and Firefox browser maker Mozilla took steps on Wednesday to block the Kazakh government from creating an internet surveillance system using their browsers.
August 21, 2019

Apple plans to tap China’s BOE Technology for advanced iPhone screens: Nikkei

This post was originally published on this siteApple Inc is in the final stages of certifying advanced screens from Chinese display maker BOE Technology Group Co Ltd for its iPhones, as it attempts to reduce reliance on Samsung Electronics, the Nikkei reported on Wednesday.
August 21, 2019

EU antitrust regulators raise concerns about Facebook’s Libra currency: sources

This post was originally published on this siteEU antitrust regulators want to know whether Facebook’s proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday.
August 21, 2019

Forced Password Reset? Check Your Assumptions

This post was originally published on this siteAlmost weekly now I hear from an indignant reader who suspects a data breach at a Web site they frequent that has just asked the reader to reset their password. Further investigation almost invariably reveals that the password reset demand was not the result of a breach but rather the site’s efforts to identify customers who are reusing passwords from other sites that have already been hacked. But ironically, many companies taking these proactive steps soon discover that their explanation as to why they’re doing it can get misinterpreted as more evidence of […]
August 21, 2019

DHL stops deliveries for Amazon Fresh in Germany

This post was originally published on this siteDeutsche Post DHL will no longer deliver fresh food in Germany for Amazon as demand for the service launched in 2017 has been disappointing, a spokeswoman said on Wednesday.
August 21, 2019

Citigroup, BNP caught up in U.S. case against Huawei CFO: documents

This post was originally published on this siteU.S.-based Citigroup and French bank BNP Paribas are caught up in the U.S. criminal case against the chief financial officer of China’s Huawei Technologies, according to newly available documents.
August 21, 2019

Porsche invests in Israeli road visibility startup TriEye

This post was originally published on this siteIsrael’s TriEye, whose short-wave-infra-red sensing technology enables vision in adverse weather and night-time conditions, has expanded its funding round to $19 million with an investment from German sports car manufacturer Porsche .
August 21, 2019

India has not set deadline to launch electric vehicles: official

This post was originally published on this siteThe Indian government has not set a deadline to launch electric vehicles or to ban manufacturing of petrol and diesel cars, a government official said on Wednesday.
August 21, 2019

Xiaomi growth slows as fewer people buy phones, Huawei competition bites

This post was originally published on this siteChinese smartphone maker Xiaomi Corp posted its slowest revenue growth as a public company, missing analysts’ estimates, as it lost market share to Huawei and customers held on to their phones before a 5G refresh.