Domain: nakedcapitalism.com
Stories and comments across the archive that link to nakedcapitalism.com.
Stories · 5
-
The Case Against Biometric IDs (nakedcapitalism.com)
"The White House and Equifax Agree: Social Security Numbers Should Go," reads a headline at Bloomberg. Securities lawyer Jerri-Lynn Scofield tears down one proposed alternative: a universal biometric identity system (possibly using fingerprints and an iris scan) with further numeric verification. Presto Vivace shared the article: Using a biometric system when the basic problem of securing and safeguarding data have yet to be solved will only worsen, not address, the hacking problem. What we're being asked to do is to turn over our biometric information, and then trust those to whom we do so to safeguard that data. Given the current status of database security, corporate and governmental accountability, etc.: How do you think that is going to play out...?
[M]aybe we should rethink the whole impulse to centralize such data collection, for starters. And, after such a thought experiment, then further focus on obvious measures to safeguard such information -- such as installing regular software patches that could have prevented the Equifax hack -- should be the priority. And, how about bringing back a concept in rather short supply in C-suites -- that of accountability? Perhaps measures to increase that might be a better idea than gee whiz misdirected techno-wizardry... The Equifax hack has revealed the sad and sorry state of cybersecurity. But inviting the biometric ID fairy to drop by and replace the existing Social Security number is not the solution.
The article calls biometric identification systems "another source of data to be mined by corporations, and surveilled by those who want to do so. And it would ultimately not foil identity theft." It suggests currently biometric ids are a distraction from the push to change the credit bureau business model -- for example, requiring consumers to opt-in to the collection of their personal data. -
'Uber Is Doomed', Argues Transportation Reporter (jalopnik.com)
When an Uber self-driving car ran a red light last year, they blamed and suspended the car's driver, even though it was the car's software that malfunctioned, according to two former employees, ultimately causing Uber cars to run six different red lights. But technical issues may be only the beginning. An anonymous reader writes: Jalopnik points out that in 2016 Uber "burned through more than $2 billion, amid findings that rider fares only cover roughly 40% of a ride, with the remainder subsidized by venture capitalists" (covering even less than the fares of government-subsidized mass transit systems). So despite Google's lawsuit and other recent bad publicity, "even when those factors are removed, it's becoming more evident that Uber will collapse on its own."
Their long analysis argues that the problems are already becoming apparent. "Uber, which didn't respond to questions from Jalopnik about its viability, recently paid $20 million to settle claims that it grossly misled how much drivers could earn on Craigslist ads. The company's explosive growth also fundamentally required it to begin offering subprime auto loans to prospective drivers without a vehicle."
Last month transportation industry analyst Hubert Horan calculated that Uber Global's losses have been "substantially greater than any venture capital-funded startup in history." -
'Uber Is Doomed', Argues Transportation Reporter (jalopnik.com)
When an Uber self-driving car ran a red light last year, they blamed and suspended the car's driver, even though it was the car's software that malfunctioned, according to two former employees, ultimately causing Uber cars to run six different red lights. But technical issues may be only the beginning. An anonymous reader writes: Jalopnik points out that in 2016 Uber "burned through more than $2 billion, amid findings that rider fares only cover roughly 40% of a ride, with the remainder subsidized by venture capitalists" (covering even less than the fares of government-subsidized mass transit systems). So despite Google's lawsuit and other recent bad publicity, "even when those factors are removed, it's becoming more evident that Uber will collapse on its own."
Their long analysis argues that the problems are already becoming apparent. "Uber, which didn't respond to questions from Jalopnik about its viability, recently paid $20 million to settle claims that it grossly misled how much drivers could earn on Craigslist ads. The company's explosive growth also fundamentally required it to begin offering subprime auto loans to prospective drivers without a vehicle."
Last month transportation industry analyst Hubert Horan calculated that Uber Global's losses have been "substantially greater than any venture capital-funded startup in history." -
Are We Seeing Propaganda About Russian Propaganda? (rollingstone.com)
MyFirstNameIsPaul was one of several readers who spotted this disturbing instance of fake news about fake news. An anonymous reader writes: Last week the Washington Post described "independent researchers" who'd identified "more than 200 websites as routine peddlers of Russian propaganda" that they estimated were viewed more than 200 million times on Facebook. But the researchers insisted on remaining anonymous "to avoid being targeted by Russia's legions of skilled hackers," and when criticized on Twitter, responded "Awww, wook at all the angwy Putinists, trying to change the subject -- they're so vewwy angwy!!"
The group "seems to have been in existence for just a few months," writes Rolling Stone's Matt Taibbi, calling the Post's article an "astonishingly lazy report". (Chris Hedges, who once worked on a Pulitzer Prize-winning team at the New York Times, even found his site Truthdig on the group's dubious list of over 200 "sites that reliably echo Russian propaganda," along with other long-standing sites like Zero Hedge, Naked Capitalism, and the Ron Paul Institute for Peace and Prosperity.) "By overplaying the influence of Russia's disinformation campaign, the report also plays directly into the hands of the Russian propagandists that it hopes to combat," complains Adrian Chen, who in 2015 documented real Russian propaganda efforts which he traced to "a building in St. Petersburg where hundreds of young Russians worked to churn out propaganda."
The Post's article was picked up by other major news outlets (including USA Today), and included an ominous warning that "The sophistication of the Russian tactics may complicate efforts by Facebook and Google to crack down on 'fake news'." -
Election Tech: In Canada, They Actually Count the Votes
Presto Vivace writes with this outline of what voting can look like while remaining countable and anonymous — and how it does look north of the U.S. border. "In Canada, they use hand-marked paper ballots, hand counted in public. Among other things, that process means that we can actually be sure who won. And if the elections of 2000 and 2008 are any guide, and the race stays as close as the pollsters sat it is, we might, on Wednesday, November 7, not be sure who won." Any Canadians among our readers who want to comment on this?"