Domain: slashdot.org
Stories and comments across the archive that link to slashdot.org.
Stories · 37,380
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AIs Have Replaced Aliens As Our Greatest World Destroying Fear (qz.com)
An anonymous reader shares an excerpt from a report via Quartz: As we've turned our gaze away from the stars and toward our screens, our anxiety about humanity's ultimate fate has shifted along with it. No longer are we afraid of aliens taking our freedom: It's the technology we're building on our own turf we should be worried about. The advent of artificial intelligence is increasingly bringing about the kinds of disturbing scenarios the old alien blockbusters warned us about. In 2016, Microsoft's first attempt at a functioning AI bot, Tay, became a Hitler-loving mess an hour after it launched. Tesla CEO Elon Musk urged the United Nations to ban the use of AI in weapons before it becomes "the third revolution in warfare." And in China, AI surveillance cameras are being rolled out by the government to track 1.3 billion people at a level Big Brother could only dream of. As AI's presence in film and TV has evolved, space creatures blowing us up now seems almost quaint compared to the frightening uncertainties of an computer-centric world. Will Smith went from saving Earth from alien destruction to saving it from robot servants run amok. More recently, Ex Machina, Chappie, and Transcendence have all explored the complexities that arise when the lines between human and robot blur.
However, sentient machines aren't a new anxiety. It arguably all started with Ridley Scott's 1982 cult classic, Blade Runner. It's a stunning depiction of a sprawling, smog-choked future, filled with bounty hunters muttering "enhance" at grainy pictures on computer screens. ("Alexa, enlarge image.") The neo-noir epic popularized the concept of intelligent machines being virtually indistinguishable from humans and asked the audience where our humanity ends and theirs begin. Even alien sci-fi now acknowledges that we've got worse things to worry about than extra-terrestrials: ourselves. -
32 Senators Want To Know If US Regulators Halted Equifax Probe (engadget.com)
An anonymous reader quotes a report from Engadget: Earlier this week, a Reuters report suggested that the Consumer Financial Protection Bureau (CFPB) had halted its investigation into last year's massive Equifax data breach. Reuters sources said that even basic steps expected in such a probe hadn't been taken and efforts had stalled since Mick Mulvaney took over as head of the CFPB late last year. Now, 31 Democratic senators and one Independent have written a letter to Mulvaney asking if that is indeed the case and if so, why.
In their letter, the senators expressed their concern over these reports and reiterated the duty the CFPB has to not only investigate the breach but to bring action against Equifax if deemed necessary. "Consumer reporting agencies and the data they collect play a central role in consumers' access to credit and the fair and competitive pricing of that credit," they wrote. "Therefore, the CFPB has a duty to supervise consumer reporting agencies, investigate how this breach has or will harm consumers and bring enforcement actions as necessary." -
32 Senators Want To Know If US Regulators Halted Equifax Probe (engadget.com)
An anonymous reader quotes a report from Engadget: Earlier this week, a Reuters report suggested that the Consumer Financial Protection Bureau (CFPB) had halted its investigation into last year's massive Equifax data breach. Reuters sources said that even basic steps expected in such a probe hadn't been taken and efforts had stalled since Mick Mulvaney took over as head of the CFPB late last year. Now, 31 Democratic senators and one Independent have written a letter to Mulvaney asking if that is indeed the case and if so, why.
In their letter, the senators expressed their concern over these reports and reiterated the duty the CFPB has to not only investigate the breach but to bring action against Equifax if deemed necessary. "Consumer reporting agencies and the data they collect play a central role in consumers' access to credit and the fair and competitive pricing of that credit," they wrote. "Therefore, the CFPB has a duty to supervise consumer reporting agencies, investigate how this breach has or will harm consumers and bring enforcement actions as necessary." -
Apple Says the Leaked iPhone Source Code is Outdated (cnet.com)
Apple has responded to security concerns surrounding leaked iPhone source code, pointing out that any potential vulnerabilities would be outdated. From a report: "Old source code from three years ago appears to have been leaked," Apple said in a statement, "but by design the security of our products doesn't depend on the secrecy of our source code. There are many layers of hardware and software protections built in to our products, and we always encourage customers to update to the newest software releases to benefit from the latest protections." The iBoot source code for iOS 9, a core part of what keeps your iPhones and iPads secure when they turn on, was leaked on GitHub, Motherboard first reported. The source code leak was considered a major security issue for Apple, as hackers could dig through it and search for any vulnerabilities in iBoot. Apple had used a DMCA notice to get the Github page hosting the leaked code taken down, but multiple copies of the code have already spread online. -
Attackers Drain CPU Power From Water Utility Plant In Cryptojacking Attack (eweek.com)
darthcamaro writes: Apparently YouTube isn't the only site that is draining CPU power with unauthorized cryptocurrency miners. A water utility provider in Europe is literally being drained of its CPU power via an cryptojacking attack that was undetected for three weeks. eWeek reports: "At this point, Radiflow's (the security firm that discovered the cryptocurrency mining malware) investigation indicates that the cryptocurrency mining malware was likely downloaded from a malicious advertising site. As such, the theory that Radiflow CTO Yehonatan Kfir has is that an operator at the water utility was able to open a web browser and clicked on an advertising link that led the mining code being installed on the system. The actual system that first got infected is what is known as a Human Machine Interface (HMI) to the SCADA network and it was running the Microsoft Windows XP operating system. Radiflow's CEO, Ilan Barda, noted that many SCADA environments still have Windows XP systems deployed as operators tend to be very slow to update their operating systems." Radiflow doesn't know how much Monero (XMR) cryptocurrency was mined by the malware, but a recent report from Cisco's Talos research group revealed that some of the top un-authorized cryptocurrency campaigns generate over a million dollars per year. The average system would generate nearly $200,000 per year. -
Reddit Bans 'Deepfakes' AI Porn Communities (theverge.com)
Reddit has banned the r/deepfakes subreddit that's devoted to making AI-powered porn using celebrities' faces, classifying it as a form of "involuntary pornography." Reddit follows several other platforms that have already banned deepfakes pornography, including Pornhub, which said yesterday that deepfakes imagery counted as nonconsensual pornography. The Verge reports: In a post today, Reddit announced an update to its rules on posting sexual imagery of a person without their consent. The new rule extends a ban on posting photos or video of people who are nude or engaged in sexual acts without the subject's permission, saying that this includes "depictions that have been faked" -- including the sophisticated face-swapped videos that have become especially popular on Reddit over the past month. "Do not post images or video of another person for the specific purpose of faking explicit content or soliciting 'lookalike' pornography."
This doesn't affect all AI-based face swapping enthusiasts on Reddit. The subreddit for FakeApp, a program that allows anyone to swap faces in videos, is still online. So is r/SFWdeepfakes, which is devoted to non-pornographic use of the technology. At least one small, specific subreddit devoted to simulated porn for an individual actor also seems to have slipped under the radar. But along with the central deepfakes hub, the main subreddit for posting not-safe-for-work deepfakes has gotten shut down, and so has the community r/YouTubefakes. The subreddit r/CelebFakes, which focused on non-AI-powered photoshopped pornographic images, was initially left online, but removed shortly after the announcement. The site will rely on "first-party reports" to shut down future deepfakes material. -
Pornhub Is Banning AI-Generated 'Deepfakes' Porn Videos (vice.com)
On Tuesday, Pornhub told Motherboard that it considers deepfakes to be nonconsensual porn and that it will ban these videos. "Deepfakes" is a community originally named after a Redditor who enjoys face-swapping celebrity faces onto porn performers' bodies using a machine learning algorithm. Motherboard reports: "We do not tolerate any nonconsensual content on the site and we remove all said content as soon as we are made aware of it," a spokesperson told me in an email. "Nonconsensual content directly violates our TOS [terms of service] and consists of content such as revenge porn, deepfakes or anything published without a person's consent or permission." Pornhub previously told Mashable that it has removed deepfakes that are flagged by users. Pornhub's position on deepfakes is similar to statements made by Discord and Gfycat, and in line with its existing terms of service, which prohibit content that "impersonates another person or falsely state or otherwise misrepresent your affiliation with a person." -
Facebook Hired a Full-Time Pollster To Monitor Zuckerberg's Approval Ratings (theverge.com)
According to The Verge, Facebook hired a full-time pollster to track Mark Zuckerberg's approval ratings last year as the young CEO was making his 50-state tour across the country. The pollster, Tavis McGinn, reportedly "decided to leave the company after only six months after coming to believe that Facebook had a negative effect on the world." From the report: It was April, and Facebook was caught up in the fallout of the 2016 U.S. presidential election. After initially discounting the possibility that fake news had contributed to Donald Trump's victory, Facebook acknowledged that Russia-linked groups had spent more than $100,000 on political advertising. Zuckerberg undertook a nationwide listening tour modeled after a modern political campaign. McGinn would fill another role common to political campaigns: leading an ongoing poll operation dedicated to tracking minute changes in Zuckerberg's public perception. "It was a very unusual role," McGinn says. "It was my job to do surveys and focus groups globally to understand why people like Mark Zuckerberg, whether they think they can trust him, and whether they've even heard of him. That's especially important outside of the United States."
McGinn tracked a wide range of questions related to Zuckerberg's public perception. "Not just him in the abstract, but do people like Mark's speeches? Do they like his interviews with the press? Do people like his posts on Facebook? It's a bit like a political campaign, in the sense that you're constantly measuring how every piece of communication lands. If Mark's doing a barbecue in his backyard and he hops on Facebook Live, how do people respond to that?" Facebook worked to develop an understanding of Zuckerberg's perception that went beyond simple "thumbs-up" or "thumbs-down" metrics, McGinn says. "If Mark gives a speech and he's talking about immigration and universal health care and access to equal education, it's looking at all the different topics that Mark mentions and seeing what resonates with different audiences in the United States," he says. "It's very advanced research." -
Facebook Hired a Full-Time Pollster To Monitor Zuckerberg's Approval Ratings (theverge.com)
According to The Verge, Facebook hired a full-time pollster to track Mark Zuckerberg's approval ratings last year as the young CEO was making his 50-state tour across the country. The pollster, Tavis McGinn, reportedly "decided to leave the company after only six months after coming to believe that Facebook had a negative effect on the world." From the report: It was April, and Facebook was caught up in the fallout of the 2016 U.S. presidential election. After initially discounting the possibility that fake news had contributed to Donald Trump's victory, Facebook acknowledged that Russia-linked groups had spent more than $100,000 on political advertising. Zuckerberg undertook a nationwide listening tour modeled after a modern political campaign. McGinn would fill another role common to political campaigns: leading an ongoing poll operation dedicated to tracking minute changes in Zuckerberg's public perception. "It was a very unusual role," McGinn says. "It was my job to do surveys and focus groups globally to understand why people like Mark Zuckerberg, whether they think they can trust him, and whether they've even heard of him. That's especially important outside of the United States."
McGinn tracked a wide range of questions related to Zuckerberg's public perception. "Not just him in the abstract, but do people like Mark's speeches? Do they like his interviews with the press? Do people like his posts on Facebook? It's a bit like a political campaign, in the sense that you're constantly measuring how every piece of communication lands. If Mark's doing a barbecue in his backyard and he hops on Facebook Live, how do people respond to that?" Facebook worked to develop an understanding of Zuckerberg's perception that went beyond simple "thumbs-up" or "thumbs-down" metrics, McGinn says. "If Mark gives a speech and he's talking about immigration and universal health care and access to equal education, it's looking at all the different topics that Mark mentions and seeing what resonates with different audiences in the United States," he says. "It's very advanced research." -
Apple Is Seeing 'Strong Demand' For Replacement iPhone Batteries (reuters.com)
In a letter addressed to the U.S. lawmakers, Apple said earlier this month that it was seeing "strong demand" for replacement iPhone batteries. The company added that it may offer rebates for consumers who paid full price for new batteries. From a report: Apple confirmed in December that software to deal with aging batteries in iPhone 6, iPhone 6s and iPhone SE models could slow down performance. The company apologized and lowered the price of battery replacements for affected models from $79 to $29. In the letter released Tuesday, amid nagging allegations that it slowed down phones with older batteries as a way to push people into buying new phones, the company said it was considering issuing rebates to consumers who paid full price for replacement batteries. -
Samsung Billionaire Gets Off Easy (gizmodo.com)
Lee Jae-yong, the Samsung chief found guilty of bribery and embezzlement, was freed from prison after an appeals court reduced and suspended his five-year prison sentence. Gizmodo reports: Lee had pleaded not guilty to all charges and spent nearly a year in jail, CNN reported, before the appeals court reduced his sentence to two and a half years and suspended it for four. The court reportedly found him guilty of one bribery charge, but not of hiding money offshore. It also overturned another bribery charge. It's important to understand that Samsung has a tight grip on the country's economy. Known as a "chaebol," or a (usually family-owned) business conglomerate, Samsung contributes to a little over one-fifth of the country's exports. Its businesses make up about 15 percent of the country's total economy. It is extremely rare for leaders of the country's chaebols to be justly punished for their crimes -- most convicted are ultimately pardoned or granted a commutation. Lee's father, Lee Kun-hee, has been pardoned twice for similar charges. -
Google Enables Pixel Visual Core For Better Instagram, Snapchat, and WhatsApp Photos (theverge.com)
An anonymous reader quotes a report from The Verge: Google's Pixel Visual Core, the hidden image-processing chip inside the Pixel 2 family of phones, is getting an update today that lets it work its machine learning magic in third-party apps. Already enabled via Android 8.1 for the Pixel 2's main camera app, the Visual Core is now going to be operational within any other camera app that employs the relevant Google APIs. That means your Instagram photography and Snapchat Stories will get the benefit of the same improvements in processing speed and efficiency. I have been using a Google Pixel 2 XL since before the Android 8.1 update that initially flipped the Visual Core to being active, and I can't say I've noticed a huge difference in the speed or operation of the camera. It was sterling before 8.1, and it's been the same since. But the way Google explains it, the Visual Core is likely to be more helpful and impressive in third-party apps because it will allow the company to run its proprietary HDR+ algorithm in those other apps: "Pixel Visual Core is built to do heavy-lifting image processing while using less power, which saves battery. That means we're able to use that additional computing power to improve the quality of your pictures by running the HDR+ algorithm." -
Blizzard Issues DMCA Notice to a Fan-Run 'WoW' Legacy Server (torrentfreak.com)
An anonymous reader calls it "the never-ending stupidity of copyright wars." TorrentFreak reports: Blizzard Entertainment is taking a stand against a popular World of Warcraft legacy server. The fan-operated project allows gamers to experience how the game was played over a decade ago and to revive old battles... In recent years the project has captured the hearts of tens of thousands of die-hard WoW fans. At the time of writing, the most popular realm has more than 6,000 people playing from all over the world... Blizzard, however, sees this as copyright infringement and has asked GitHub to pull the site's code offline.
The article notes the DMCA notice came "just weeks after several organizations and gaming fans asked the US Copyright Office to make a DMCA circumvention exemption for 'abandoned' games." -
Blizzard Issues DMCA Notice to a Fan-Run 'WoW' Legacy Server (torrentfreak.com)
An anonymous reader calls it "the never-ending stupidity of copyright wars." TorrentFreak reports: Blizzard Entertainment is taking a stand against a popular World of Warcraft legacy server. The fan-operated project allows gamers to experience how the game was played over a decade ago and to revive old battles... In recent years the project has captured the hearts of tens of thousands of die-hard WoW fans. At the time of writing, the most popular realm has more than 6,000 people playing from all over the world... Blizzard, however, sees this as copyright infringement and has asked GitHub to pull the site's code offline.
The article notes the DMCA notice came "just weeks after several organizations and gaming fans asked the US Copyright Office to make a DMCA circumvention exemption for 'abandoned' games." -
Gates On a Plane: Alaska Airlines Inflight Entertainment Stars Bill Gates (miamiherald.com)
theodp writes: On Tuesday, it was announced that Alaska Airlines will make a new Code.org series of six short videos starring Microsoft's Bill Gates on How Computers Work available as inflight entertainment. "Because students and adults alike can learn from these videos," wrote Code.org CEO Hadi Partovi, "we are pleased to announce Khan Academy and Alaska Airlines will make them available beyond Code.org classrooms."
The original submission notes that Gates (and the Bill and Melinda Gates Foundation) have contributed millions to both educational groups, but Alaska Airlines calls the videos "entertaining and approachable," and says they'll start appearing on their flights in April.
But the videos are also available online, and besides Gates also feature appearances by former Apple designer May Li Khoe and Nat Brown, one of the creators of Microsoft's Xbox gaming system. -
Crowdfunding Campaign Seeks a Fully Open Source Alternative to Citrix XenServer (kickstarter.com)
"Free/libre and 100% community backed version of XenServer," promises a new Kickstarter page, adding that "Our first prototype (and proof of concept) is already functional." Currently, XenServer is a turnkey virtualization platform, distributed as a distribution (based on CentOS). It comes with a feature rich toolstack, called XAPI. The vast majority of XenServer code is Open Source.
But since XenServer 7.3, Citrix removed a lot of features from it. The goal of XCP-ng is to make a fully community backed version of XenServer, without any feature restrictions. We also aim to create a real ecosystem, not depending on one company only. Simple equation: the more we are, the healthier is the environment.
The campaign reached its fundraising goal within a few hours, reports long-time Slashdot reader NoOnesMessiah, and within three days they'd already raised four times the needed amount and began unlocking their stretch goals. -
Flat Earther Fails To Launch His Homemade Rocket -- Yet Again (facebook.com)
An anonymous reader writes: Flat earther "Mad" Mike Hughes, who also bills himself as "the last great daredevil," promised Super Bowl-sized ratings for an event Saturday where he'd blast himself nearly half a mile into the sky on a homemade rocket. "We had 20 cameras on site today, ready for a full segment," explained the video-on-demand site Noize TV on their Facebook page. One newspaper described it as also being "an event which he hopes will get people to investigate the ideology which holds the earth is flat." But judging from online reactions, the event was just another disappointment.
Noize TV's Facebook post titled "The Launch!!! Finally" shows a picture of Mike standing beside his rocket -- but it's followed by a commenters saying things like "There was no launch. I doubt there will be," and the official Noize TV account saying "We thought he would press that button... He did not. And won't be doing so we are pretty certain." And this morning Noize TV posted that "we will no longer cover non launches, only launches... It turns out non launches are not as funny as we anticipated."
One woman even posted that "I was there for awhile...police were there. Ambulance was there. 100 people that weren't supposed to be there was there..." And while there's rumors Mike might still try again another day, her ultimate verdict about the limo-driver-turned-daredevil was cynical. "He's all about getting seen rather than getting launched... My husband gave him $100 cash the last time he was going to launch...live and learn." -
Camera Makers Resist Encryption, Despite Warnings From Photographers (zdnet.com)
An anonymous reader shares an article from the security editor of ZDNet: A year after photojournalists and filmmakers sent a critical letter to camera makers for failing to add a basic security feature to protect their work from searches and hacking, little progress has been made. The letter, sent in late 2016, called on camera makers to build encryption into their cameras after photojournalists said they face "a variety of threats..." Even when they're out in the field, collecting footage and documenting evidence, reporters have long argued that without encryption, police, the military, and border agents in countries where they work can examine and search their devices. "The consequences can be dire," the letter added.
Although iPhones and Android phones, computers, and instant messengers all come with encryption, camera makers have fallen behind. Not only does encryption protect reported work from prying eyes, it also protects sources -- many of whom put their lives at risk to expose corruption or wrongdoing... The lack of encryption means high-end camera makers are forcing their customers to choose between putting their sources at risk, or relying on encrypted, but less-capable devices, like iPhones. We asked the same camera manufacturers if they plan to add encryption to their cameras -- and if not, why. The short answer: don't expect much any time soon. -
What Are Today's Most Difficult IT Hires? (cio.com)
Slashdot reader snydeq shared an article from CIO: The IT talent gap is driving up demand for skilled IT pros, but for certain roles and skillsets, finding -- and signing -- the right candidate can feel a bit like trying to capture a unicorn... AI and data science jobs are at the top of the list, in part because they're relatively young technologies, and they're being introduced in all sorts of companies going through their digital transformation. At the same time, there are some surprises... The experts we talked with name-checked a laundry list of desirable skills and needed experience with emerging areas like cognitive computing, machine learning, data analytics, IoT and blockchain. But the true unicorns are candidates who can not only deepen their bench of tech skills but keep an eye on the bottom line.
The article also cites high demand for data privacy experts, penetration testers with a scientific mind-set, and adaptable developers (including DevOps engineers), as well as experts in robotics and cryptology. But everyone's experiencing the job market differently, so the original submission ends with a question for Slashdot readers.
"What hires are you having the most difficulty making these days?" -
New 'Open Source Initiative' Site Announces Anniversary Celebrations and Outreach Programs (opensource.net)
Coining the term "Open Source" was only the beginning. "That same month, the Open Source Initiative (OSI) was founded as a general educational and advocacy organization to raise awareness and adoption for the superiority of an open development process." That's the word from their newly-re-designed site OpenSource.net, which is now commemorating the 20th anniversary of the open source movement with an interactive timeline of milestones -- and announcements about much more.- "Celebrations will be held worldwide, in conjunction with the leading open source conferences, as well as standalone community-led events... Our anniversary website will support volunteer organizers to host events in their own cities. The OSI will provide small grants to these community-led events and promote them to the broader community." (There are already several t-shirt designs...)
- A "Share Your Story" section explains that "As part of our mission, we want to promote the success stories of companies like yours that are investing in open source software and community in order to increase adoption and development even more broadly... We'll be sharing your stories with the community throughout the 2018 celebration. We'll also connect you with media outlets to share your story and participate in interviews."
- And going forward, OpenSource.Net "will serve both as a community of practice and a mentorship program. The goal is to further promote adoption of open source software over the next twenty years as issues shift from open source's viability/value to issues around implementation and authentic participation. OpenSource.Net connects those that "get it" and "did it" with a global network of highly qualified peers across industries. Your experiences as an exemplar in the community will help others address common (or unique) issue.
The anniversary is also being celebrated at this year's FOSDEM conference in Brussels, Belgium. "When it was inaugurated in 2000, FOSDEM, standing for Free and Open Source Developer's European Meeting, started out as OSDEM," remembers the site i-Programmer.
"But the F was added before its second event in 2002 in response to a request from Richard Stallman." -
Wells Fargo Hit With 'Unprecedented' Punishment Over Fake Accounts (cnn.com)
An anonymous reader quotes CNN: The Federal Reserve has dropped the hammer on Wells Fargo, [handing] down unprecedented punishment late Friday for what it called the bank's "widespread consumer abuses," including its notorious creation of millions of fake customer accounts. Wells Fargo won't be allowed to get any bigger than it was at the end of last year -- $2 trillion in assets -- until the Fed is satisfied that it has cleaned up its act. Under pressure from the Fed, the bank agreed to remove three people from the board of directors by April and a fourth by the end of the year. It is the first time the Federal Reserve has imposed a cap on the entire assets of a financial institution, according to a Fed official. "We cannot tolerate pervasive and persistent misconduct at any bank," outgoing Fed Chairwoman Janet Yellen said in a statement. Friday was her last day on the job....
Wells Fargo admitted that its workers responded to wildly unrealistic sales goals by creating as many as 3.5 million fake accounts. The bank has also said it forced up to 570,000 customers into unneeded auto insurance... About 20,000 of those customers had their cars wrongfully repossessed in part due to these unwanted insurance charges. In August, Wells Fargo was sued by small business owners who say the bank used deceptive language to dupe mom-and-pop businesses into paying "massive early termination fees." The company was in the headlines again in October for charging about 110,000 mortgage borrowers undue fees.
One U.S. congressman argued that the harsh penalty "demonstrates that we have the tools to rein in Wall Street -- if our regulators have the guts to use them."
Wells Fargo has also spent $3.3 billion on legal bills in just the last three months of 2017. -
Wells Fargo Hit With 'Unprecedented' Punishment Over Fake Accounts (cnn.com)
An anonymous reader quotes CNN: The Federal Reserve has dropped the hammer on Wells Fargo, [handing] down unprecedented punishment late Friday for what it called the bank's "widespread consumer abuses," including its notorious creation of millions of fake customer accounts. Wells Fargo won't be allowed to get any bigger than it was at the end of last year -- $2 trillion in assets -- until the Fed is satisfied that it has cleaned up its act. Under pressure from the Fed, the bank agreed to remove three people from the board of directors by April and a fourth by the end of the year. It is the first time the Federal Reserve has imposed a cap on the entire assets of a financial institution, according to a Fed official. "We cannot tolerate pervasive and persistent misconduct at any bank," outgoing Fed Chairwoman Janet Yellen said in a statement. Friday was her last day on the job....
Wells Fargo admitted that its workers responded to wildly unrealistic sales goals by creating as many as 3.5 million fake accounts. The bank has also said it forced up to 570,000 customers into unneeded auto insurance... About 20,000 of those customers had their cars wrongfully repossessed in part due to these unwanted insurance charges. In August, Wells Fargo was sued by small business owners who say the bank used deceptive language to dupe mom-and-pop businesses into paying "massive early termination fees." The company was in the headlines again in October for charging about 110,000 mortgage borrowers undue fees.
One U.S. congressman argued that the harsh penalty "demonstrates that we have the tools to rein in Wall Street -- if our regulators have the guts to use them."
Wells Fargo has also spent $3.3 billion on legal bills in just the last three months of 2017. -
Wells Fargo Hit With 'Unprecedented' Punishment Over Fake Accounts (cnn.com)
An anonymous reader quotes CNN: The Federal Reserve has dropped the hammer on Wells Fargo, [handing] down unprecedented punishment late Friday for what it called the bank's "widespread consumer abuses," including its notorious creation of millions of fake customer accounts. Wells Fargo won't be allowed to get any bigger than it was at the end of last year -- $2 trillion in assets -- until the Fed is satisfied that it has cleaned up its act. Under pressure from the Fed, the bank agreed to remove three people from the board of directors by April and a fourth by the end of the year. It is the first time the Federal Reserve has imposed a cap on the entire assets of a financial institution, according to a Fed official. "We cannot tolerate pervasive and persistent misconduct at any bank," outgoing Fed Chairwoman Janet Yellen said in a statement. Friday was her last day on the job....
Wells Fargo admitted that its workers responded to wildly unrealistic sales goals by creating as many as 3.5 million fake accounts. The bank has also said it forced up to 570,000 customers into unneeded auto insurance... About 20,000 of those customers had their cars wrongfully repossessed in part due to these unwanted insurance charges. In August, Wells Fargo was sued by small business owners who say the bank used deceptive language to dupe mom-and-pop businesses into paying "massive early termination fees." The company was in the headlines again in October for charging about 110,000 mortgage borrowers undue fees.
One U.S. congressman argued that the harsh penalty "demonstrates that we have the tools to rein in Wall Street -- if our regulators have the guts to use them."
Wells Fargo has also spent $3.3 billion on legal bills in just the last three months of 2017. -
'King of Kong' Billy Mitchell Stripped Of Donkey Kong Record For Emulator Cheating (hothardware.com)
MojoKid writes: More drama is unfolding in the ultra-competitive retro arcade gaming scene... Billy Mitchell, the arcade legend who appeared as a central character opposite Steve Wiebe in the documentary The King of Kong: A Fistful of Quarters, has been accused of cheating his way into the record books for high scores in Donkey Kong. As a result, he's now been stripped of his 1.062 million score on the Donkey Kong Forums...
The legitimacy of his score was called into question by Donkey Kong high score judge Jeremy "Xelnia" Young laid out a body of evidence that seems to prove Mitchell recorded several of his high scores on the open source arcade emulator MAME, though he claimed his scores were obtained on an original arcade cabinet, and therefore were not subject to same strict authentication requirements. "It's possible they were recorded in one shot," Young says, but "Given the play style in Billy's videos, it's more likely that vanilla MAME's INP recording feature was abused."
Twin Galaxies recently threw out the 35-year-old record for the Atari 2600 game Dragster, and has now said they're "in the process of fully reviewing the compelling evidence provided by Jeremy Young." -
Family of 'Swat' Victim Sues Kansas Police, Lawmakers Propose 40-Year Jail Terms (cbsnews.com)
An anonymous reader brings more updates about the 'Swat' call that led to a fatal police shooting: The gamer who dared another gamer to send police officers to his home had offered the address where he used to live, until his family was evicted in 2016. While he may also be charged for the fatal shooting that followed, the victim's family has now sued the city of Wichita as well as its police officers, with their attorney saying the city "is trying to put all the blame on the young man in California who placed the swatting call. But let's be clear: the swatter did not shoot the bullet that killed Andy Finch. That was an officer working under the direction of the Wichita Police Department."
The attorney points out that the 911 caller in California provided a description of the house which didn't match the actual house in Kansas, adding "How can Wichita police department officers not be trained to deal with this type of situation...? Prank calls are not new," according to CBS News. "The lawsuit cites FBI crime statistics showing Wichita has a ratio of one shooting death for every 120 officers -- a number that is 11 times greater than the national ratio and 12 times greater than the ratio in Chicago."
Meanwhle, Kansas lawmakers have introduced a new bill proposing a penalty of 10 to 40 years in prison if a swatting call ends in a person's death, which would also cause the offense to be prosecuted as murder.
One lawmaker argues that the bill is necessary because under the current system if a person phones in a swat call, "there's really no consequence for his actions." -
Family of 'Swat' Victim Sues Kansas Police, Lawmakers Propose 40-Year Jail Terms (cbsnews.com)
An anonymous reader brings more updates about the 'Swat' call that led to a fatal police shooting: The gamer who dared another gamer to send police officers to his home had offered the address where he used to live, until his family was evicted in 2016. While he may also be charged for the fatal shooting that followed, the victim's family has now sued the city of Wichita as well as its police officers, with their attorney saying the city "is trying to put all the blame on the young man in California who placed the swatting call. But let's be clear: the swatter did not shoot the bullet that killed Andy Finch. That was an officer working under the direction of the Wichita Police Department."
The attorney points out that the 911 caller in California provided a description of the house which didn't match the actual house in Kansas, adding "How can Wichita police department officers not be trained to deal with this type of situation...? Prank calls are not new," according to CBS News. "The lawsuit cites FBI crime statistics showing Wichita has a ratio of one shooting death for every 120 officers -- a number that is 11 times greater than the national ratio and 12 times greater than the ratio in Chicago."
Meanwhle, Kansas lawmakers have introduced a new bill proposing a penalty of 10 to 40 years in prison if a swatting call ends in a person's death, which would also cause the offense to be prosecuted as murder.
One lawmaker argues that the bill is necessary because under the current system if a person phones in a swat call, "there's really no consequence for his actions." -
Hawaii Missile Alert Worker Fired, Will Sue State for Defamation (khon2.com)
This week Hawaii finally fired the employee who issued a false missile alert warning to the entire state, while the head of the state's emergency management agency resigned, another official quit, and a fourth was suspended over the incident. But new details also emerged about the incident:- After alerting workers on the wrong shift, the night supervisor "had started the drill by calling the day shift warning officers, who had not been told there was to be an exercise, and pretending to be U.S. Pacific Command," reports the Guardian, citing the FCC's investigation. The investigation confirmed that his script for the drill included the phrase "this is not a drill" (though it also began and ended with the words "exercise, exercise, exercise.")
- The New York Daily News reports that the warning officer missed those words "because someone in the office picked up the receiver instead of hitting the speaker." And he insists that "I'm really not to blame in this. It was a system failure. And I did what I was trained to do. I can't say that I would do anything differently based on what I saw and heard." His lawyer adds that "The place was a circus and they got their scapegoat... All that was missing were clowns and balloons."
- The fired worker now plans to sue the state of Hawaii for defamation, and possibly also for libel and slander, according to his lawyer, "because they lied about what happened." He also says that his client has already received numerous death threats.
- Washington Post audience editor says the incident happened "because Hawaii rewards incompetence," noting the employee behind the missile alert "had a history of performance problems and had been 'a source of concern,'" adding that the FCC reported that previously the employee "has confused real life events and drills on at least two separate occasions."
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Hawaii Missile Alert Worker Fired, Will Sue State for Defamation (khon2.com)
This week Hawaii finally fired the employee who issued a false missile alert warning to the entire state, while the head of the state's emergency management agency resigned, another official quit, and a fourth was suspended over the incident. But new details also emerged about the incident:- After alerting workers on the wrong shift, the night supervisor "had started the drill by calling the day shift warning officers, who had not been told there was to be an exercise, and pretending to be U.S. Pacific Command," reports the Guardian, citing the FCC's investigation. The investigation confirmed that his script for the drill included the phrase "this is not a drill" (though it also began and ended with the words "exercise, exercise, exercise.")
- The New York Daily News reports that the warning officer missed those words "because someone in the office picked up the receiver instead of hitting the speaker." And he insists that "I'm really not to blame in this. It was a system failure. And I did what I was trained to do. I can't say that I would do anything differently based on what I saw and heard." His lawyer adds that "The place was a circus and they got their scapegoat... All that was missing were clowns and balloons."
- The fired worker now plans to sue the state of Hawaii for defamation, and possibly also for libel and slander, according to his lawyer, "because they lied about what happened." He also says that his client has already received numerous death threats.
- Washington Post audience editor says the incident happened "because Hawaii rewards incompetence," noting the employee behind the missile alert "had a history of performance problems and had been 'a source of concern,'" adding that the FCC reported that previously the employee "has confused real life events and drills on at least two separate occasions."
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NIH Study Links Cellphone Radiation To Cancer In Male Rats (techcrunch.com)
An anonymous reader quotes a report from TechCrunch: New studies from the National Institutes of Health -- specifically the National Toxicology Program -- find that cell phone radiation is potentially linked with certain forms of cancer, but they're far from conclusive. The results are complex and the studies have yet to be peer-reviewed, but some of the findings are clearly important enough to warrant public discussion. An early, partial version of this study teasing these effects appeared in 2016, but these are the full (draft) reports complete with data. Both papers note that "studies published to date have not demonstrated consistently increased incidences of tumors at any site associate with exposure to cell phone RFR [radio frequency radiation] in rats or mice." But the researchers felt that "based on the designs of the existing studies, it is difficult to definitively conclude that these negative results clearly indicate that cell phone RFR is not carcinogenic."
The studies exposed mice and rats to both 900 MHz and 1900 Mhz wavelength radio waves (each frequency being its own experiment) for about 9 hours per day, at various strengths ranging from 1 to 10 watts per kilogram. For comparison, the general limit the FCC imposes for exposure is 0.08 W/kg; the absolute maximum allowed, for the extremities of people with occupational exposures, is 20 W/kg for no longer than 6 minutes. So they were really blasting these mice. The rodents were examined for various health effects after various durations, from 28 days to 2 years. At 1900 MHz: Equivocal evidence of carcinogenicity in lung, liver and other organ tissues in both male and female mice. -
Cloudflare Is Liable For Pirate Sites and Has No Safe Harbor, Publisher Says (torrentfreak.com)
After dragging Cloudflare to court and accusing the web services company of various types of copyright and trademark infringement, noting that several customers used Cloudflare's servers to distribute pirated content, adult publisher ALS Scan told the California District Court this week that the company should be held liable for copyright infringements committed by its customers. According to TorrentFreak, "The company requests a partial summary judgement, claiming that the CDN provider assists pirates and doesn't qualify for safe harbor protection." From the report: "The evidence is undisputed," ALS writes. "Cloudflare materially assists website operators in reproduction, distribution and display of copyrighted works, including infringing copies of ALS works. Cloudflare also masks information about pirate sites and their hosts." ALS anticipates that Cloudflare may argue that the company or its clients are protected by the DMCA's safe harbor provision, but contests this claim. The publisher notes that none of the customers registered the required paperwork at the U.S. Copyright Office. "Cloudflare may say that the Cloudflare Customer Sites are themselves service providers entitled to DMCA protections, however, none have qualified for safe harbors by submitting the required notices to the U.S. Copyright Office. Cloudflare may say that the Cloudflare Customer Sites are themselves service providers entitled to DMCA protections, however, none have qualified for safe harbors by submitting the required notices to the U.S. Copyright Office."
Cloudflare itself has no safe harbor protection either, they argue, because it operates differently than a service provider as defined in the DMCA. It's a "smart system" which also modifies content, instead of a "dumb pipe," they claim. In addition, the CDN provider is accused of failing to implement a reasonable policy that will terminate repeat offenders. "Cloudflare has no available safe harbors. Even if any safe harbors apply, Cloudflare has lost such safe harbors for failure to adopt and reasonably implement a policy including termination of repeat infringers," ALS writes. ALS now asks the court to issue a partial summary judgment ruling that Cloudflare is liable for contributory copyright infringement. If this motion is granted, a trial would only be needed to establish the damages amount. -
Chrome OS Is Almost Ready To Replace Android On Tablets (theverge.com)
Several news features rolling out to Chromebooks paint a picture of the future of Chrome OS as the rightful replacement for Android tablet software. Those include a new split-screen feature for multitasking while in tablet mode, and a screenshot feature borrowed from Android. The Verge reports: As it stands now, Chrome OS is very close to taking up the mantle there, and features like this push it ever closer to becoming the hybrid OS for all types of Google-powered screens. This has been in the works for quite a while as Google's Chrome and Android teams have coordinated closely to ensure the influx of low-cost, hybrid computing devices like 2-in-1 Chromebooks get the best of both worlds. There is, of course, Android app compatibility on Chrome OS, an initiative that first arrived somewhat half-baked last year and has taken months to fully jell as Google worked out the kinks. For instance, just last month Google added the ability for Android apps on Chromebooks run in the background. In July of last year, Google also began embarking on a touch-focused redesign of Chrome OS to make the software more functional in tablet mode. We're likely not getting the full-blown merging of the two divisions and their respective platforms anytime soon, or perhaps ever, as Google has played with the idea for years without ever seeming to decide that one platform should supersede the other. In essence, however, Android remains Google's dominant mobile OS, while Chrome OS has been taking on more responsibility as Chromebooks have steadily become more capable and tablet-like. -
Chrome OS Is Almost Ready To Replace Android On Tablets (theverge.com)
Several news features rolling out to Chromebooks paint a picture of the future of Chrome OS as the rightful replacement for Android tablet software. Those include a new split-screen feature for multitasking while in tablet mode, and a screenshot feature borrowed from Android. The Verge reports: As it stands now, Chrome OS is very close to taking up the mantle there, and features like this push it ever closer to becoming the hybrid OS for all types of Google-powered screens. This has been in the works for quite a while as Google's Chrome and Android teams have coordinated closely to ensure the influx of low-cost, hybrid computing devices like 2-in-1 Chromebooks get the best of both worlds. There is, of course, Android app compatibility on Chrome OS, an initiative that first arrived somewhat half-baked last year and has taken months to fully jell as Google worked out the kinks. For instance, just last month Google added the ability for Android apps on Chromebooks run in the background. In July of last year, Google also began embarking on a touch-focused redesign of Chrome OS to make the software more functional in tablet mode. We're likely not getting the full-blown merging of the two divisions and their respective platforms anytime soon, or perhaps ever, as Google has played with the idea for years without ever seeming to decide that one platform should supersede the other. In essence, however, Android remains Google's dominant mobile OS, while Chrome OS has been taking on more responsibility as Chromebooks have steadily become more capable and tablet-like. -
Chrome OS Is Almost Ready To Replace Android On Tablets (theverge.com)
Several news features rolling out to Chromebooks paint a picture of the future of Chrome OS as the rightful replacement for Android tablet software. Those include a new split-screen feature for multitasking while in tablet mode, and a screenshot feature borrowed from Android. The Verge reports: As it stands now, Chrome OS is very close to taking up the mantle there, and features like this push it ever closer to becoming the hybrid OS for all types of Google-powered screens. This has been in the works for quite a while as Google's Chrome and Android teams have coordinated closely to ensure the influx of low-cost, hybrid computing devices like 2-in-1 Chromebooks get the best of both worlds. There is, of course, Android app compatibility on Chrome OS, an initiative that first arrived somewhat half-baked last year and has taken months to fully jell as Google worked out the kinks. For instance, just last month Google added the ability for Android apps on Chromebooks run in the background. In July of last year, Google also began embarking on a touch-focused redesign of Chrome OS to make the software more functional in tablet mode. We're likely not getting the full-blown merging of the two divisions and their respective platforms anytime soon, or perhaps ever, as Google has played with the idea for years without ever seeming to decide that one platform should supersede the other. In essence, however, Android remains Google's dominant mobile OS, while Chrome OS has been taking on more responsibility as Chromebooks have steadily become more capable and tablet-like. -
LG Settles Bootloop Lawsuit With $425 Cash Or a $700 Rebate Toward a New LG Phone (androidpolice.com)
Early last year, a class-action lawsuit was filed against LG over bootloop issues affecting their G4 and V10 smartphones. Now, according to a settlement website set up by the law firm Girard Gibbs, members of the lawsuit have received a settlement offer. The only catch is that the settlement is only for plaintiffs of the initial case. Android Police reports: LG is offering plaintiffs either $425 as a cash settlement or a $700 rebate toward the purchase of a new LG phone. That's pretty generous, and it's clear that's going to help offset some of the anger LG's created with this whole incident. If you're one of the plaintiffs, you don't have to mail in your broken phone or anything, you just get the settlement offer, straight up. Members of the class will be contacted shortly with instructions on how to take advantage of the settlement. Payments will be distributed beginning in March. -
NFL Players With Long and Short Careers Have Similar Death Risk, Study Finds (reuters.com)
An anonymous reader quotes a report from Reuters: The study published in the Journal of the American Medical Association compared 2,933 athletes who played in the National Football League for an average of five years to 879 "replacement players" who filled in for three games during a mid-1980s strike, finding no statistically significant difference in rates of death from all causes. Critics said the research had several flaws and pointed to a study released last year that found 99 percent of deceased former NFL players whose brains were analyzed post-mortem showed signs of chronic traumatic encephalopathy (CTE), a disease linked to repeated hits to the head that can lead to aggression and dementia. The latest study found that the leading cause of death among the NFL career players was cardiometabolic disease, which entails greater risk of heart attack and stroke, followed by transportation injuries and unintentional injuries.
"This new study seems to support other previous studies that have not shown an increase in mortality among NFL players when compared to similar cohorts," an NFL spokeswoman said. "As with all new research on this topic, we will look at it closely to see what we can learn to better enhance the well-being of our current and former players," the spokeswoman said. -
Twitter Can't Be Blamed For 2015 ISIS-Linked Killings, Court Rules (sfgate.com)
A federal appeals court in San Francisco ruled yesterday that Twitter is not legally responsible for the deaths of two Americans in an ISIS-linked attack in Jordan, even though the Islamic State may have used its access to Twitter to spread its message of terrorism and recruit new members. The decision upholds a 2016 ruling on the same case, which was filed by the families of the victims of the terrorist attack. SFGate reports: "Without Twitter, the explosive growth of ISIS over the last few years into the most-feared terrorist group in the world would not have been possible," the suit said. The Americans, Lloyd Fields Jr. and James Creach, were former police officers working for U.S. companies training law enforcement officers in Jordan. They were among five people shot to death in November 2015 by a Jordanian police captain, later identified as a member of an Islamic State terror cell. Islamic State said it was responsible for killing the "American crusaders."
As an example of the Twitter activity, the women's lawyers showed a snapshot of an undated tweet, allegedly from Islamic State, that declared "there is no life without jihad." As of December 2014, the suit said, the terror group had 70,000 Twitter accounts, of which 79 were "official" Islamic State accounts. Only recently, the lawyers said, had Twitter changed its rules to prohibit threats of violence or terrorism and ordered the suspension of accounts promoting terrorism. But the Ninth U.S. Circuit Court of Appeals in San Francisco said the suit failed to show a direct connection between Islamic State's use of Twitter and the fatal attack. "At most, the (suit) establishes that Twitter's alleged provision of material support to ISIS facilitated the organization's growth and ability to plan and execute terrorist acts," Judge Milan Smith said in the 3-0 ruling, which upheld a federal judge's dismissal of the suit earlier. -
Equifax Releases Credit Locking App That Doesn't Work (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: On Wednesday, the beleaguered credit reporting agency Equifax launched a new service to protect people from the risks of identity theft that the company vastly magnified with a breach of over 145 million people's credit records last year. The service, called Lock & Alert, is fronted by a mobile application and a Web application. It is intended to allow individuals to control access to their credit report on demand. "Lock & Alert allows You to lock and unlock your EIS credit report ('Equifax credit report')," the services' terms of service agreement states. "Locking or unlocking your Equifax credit report usually takes less than a minute." Except when it doesn't.
As Tara Siegel Bernard and Ron Lieber of the New York Times reported, the new service -- which is different from a "freeze" in some ways that are not clear from a legal and regulatory standpoint -- has not been working for some (and possibly all) mobile app users. The idea of the "lock" is that it can be undone in an instant with a swipe of the screen, without incurring a charge to freeze or unfreeze the report or having to provide a PIN number. But attempts by Siegel Bernard to lock her husband's credit report resulted in application timeouts. -
Twitter Notifies 1.4 Million Users of Interaction With Russian Accounts (recode.net)
An anonymous reader quotes a report from Recode: At least 1.4 million people on Twitter engaged with content created by Russian trolls during the 2016 presidential election, the company revealed on Wednesday. That's more than double the amount that Twitter initially identified -- and perhaps still just a fraction of the full universe of users who may have witnessed Kremlin propaganda over that period. In announcing the new data in a blog post, Twitter also said it had notified all 1.4 million affected users that they saw election disinformation. That fulfilled a pledge that the company previously made to members of Congress who are investigating Russia's tactics on social media. Notified users included those that followed one of the roughly 3,000 accounts belonging to the Internet Research Agency, the troll army tied to the Russian government, as well as users who retweeted, replied, liked or mentioned those IRA accounts in their tweets. But Twitter did not alert users who merely saw Russian troll tweets in their feeds but did not interact with the content. Nor did it reach out to users who saw tweets from the roughly 50,000 Russian bots that tweeted election-related content around November 2016. -
Google Fiber's Wireless Internet Service Is Leaving Boston (theverge.com)
Webpass, the wireless home broadband company that Google Fiber acquired in 2016, is exiting the Boston market. The Verge received a reader tip on the situation and a quick look around revealed that Boston is no longer listed as a current Webpass market on the company's website. From the report: "As with any acquisition, we've spent some time evaluating the Webpass business. As a result of our analysis, we've made the decision to wind down Webpass operations in Boston," an Access spokesperson said by email. "We'll work with customers and partners to minimize disruption, and there will be no immediate impacts to their Webpass service. We continue to see strong subscriber response across the rest of the Webpass portfolio, including successful launches in Denver and Seattle in 2017."
Before this move, Boston was one of 8 cities served by Webpass, which delivers up-to-gigabit internet speeds for residential and commercial buildings by using point to point wireless. That number has dropped to 7, and old Google search results for Webpass service in Massachusetts now redirect to the main homepage. Webpass internet service is available exclusively in apartment units and condo buildings. It originally came to Boston in 2015 and the company has (or at least had) an office in the city. -
Apple Still Aims To Allow iPad Apps To Run on Macs This Year (axios.com)
Apple's push for performance and security improvements over new features will also apply to this year's Mac software, Axios reported on Wednesday, but one key feature remains on the roadmap for 2018: The ability for Macs to run iPad apps. From the report: On the Mac side, this is taking the form of a new project around security as well as improvements in performance when waking and unlocking the system. While users would certainly welcome changes that make their systems run better and more securely, customers tend to be more motivated to make purchases based on new features rather than promised improvements around security or performance, which can be tough to judge. The signature new feature for the Mac -- the ability to run iPad apps -- is a significant undertaking that adds a high degree of complexity to this year's OS release. -
Apple Still Aims To Allow iPad Apps To Run on Macs This Year (axios.com)
Apple's push for performance and security improvements over new features will also apply to this year's Mac software, Axios reported on Wednesday, but one key feature remains on the roadmap for 2018: The ability for Macs to run iPad apps. From the report: On the Mac side, this is taking the form of a new project around security as well as improvements in performance when waking and unlocking the system. While users would certainly welcome changes that make their systems run better and more securely, customers tend to be more motivated to make purchases based on new features rather than promised improvements around security or performance, which can be tough to judge. The signature new feature for the Mac -- the ability to run iPad apps -- is a significant undertaking that adds a high degree of complexity to this year's OS release. -
Apple: We Would Never Degrade the iPhone Experience To Get Users To Buy New Phones
Apple today responded to reports that the Justice Department and Securities and Exchange Commission are probing its decision to throttle older iPhones, confirming that the U.S government has asked questions. From a report: Apple said it would never intentionally "degrade the user experience to drive customer upgrades." Apple acknowledged in December that it was secretly slowing the speeds of iPhones in an effort to help preserve aging batteries. In response to consumer backlash, the company dropped the price of battery replacements for the iPhone 6, iPhone 6s and iPhone 6s Plus from $79 to $29. -
Why Tether's Collapse Would Be Bad For Cryptocurrencies (wired.com)
Yesterday, Bloomberg reported that the U.S. Commodity Futures Trading Commission sent subpoenas last week to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and claims it's pegged to the dollar. Wired's Sandra Upson explains why Tether's collapse would be bad for the entire cryptocurrency market: Unlike bitcoin and its many siblings, tether is what is called a stablecoin, an entity designed to not fluctuate in value. With most cryptocurrencies prone to wild swings, tether offers people who dabble in the market the option of buying a currency that its backers say is pegged to the U.S. dollar. The root of the controversy is whether the company behind it, also called Tether, is telling the truth when it claims that every unit in circulation is matched by a U.S. dollar it holds in reserve. If the company has a dollar for every tether, that means in theory any holder can sell tethers back to the company for an equal number of dollars at any time. This belief keeps the value of a tether pegged to a dollar.
If tethers are not backed by a matching number of dollars, then Tether can print an arbitrary amount of money. (Other cryptocurrencies, by contrast, create new tokens according to strictly prescribed, predictable rules.) Other problems ensue, including suspicions that Tether is timing the release of new tethers to coincide with drops in the price of bitcoin and then using those tethers to scoop up bitcoins. Some observers fear that these purchases are artificially inflating the price of bitcoin. If traders lose faith in tether, they could end up triggering the crypto version of a bank run. Tether helps stabilize cryptocurrency exchanges in various ways, so its collapse could also cause some exchanges to topple, wiping out billions of dollars of investments overnight and potentially undoing much of the public's growing interest in new technologies like bitcoin. -
Verizon Drops Plans To Sell Huawei Phones Due To US Government Pressure (bloomberg.com)
Bloomberg reports that Verizon has dropped all plans to sell phones by Chinese manufacturer Huawei due to pressure from the U.S. government. The decision comes after AT&T walked away from a deal earlier this month to sell Huawei smartphones in the U.S. Bloomberg: Huawei devices still work on both companies' networks, but direct sales would've allowed them to reach more consumers than they can through third parties. The government's renewed concern about Chinese spying is creating a potential roadblock in the race between Verizon and AT&T to offer 5G, the next generation of super-fast mobile service. Huawei is pushing to be among the first to offer 5G-capable phone, but the device may be considered off-limits to U.S. carriers who are beginning to offer the next-generation service this year in a few cities. U.S. security agencies and some lawmakers fear that 5G phones made by companies that may have close ties to the Chinese government could pose a security risk. -
US Government Investigates Apple Over iPhone Battery Slowdowns (phonedog.com)
An anonymous reader quotes a report from PhoneDog: The U.S. Department of Justice and the Securities and Exchange Commission are investigating Apple about its updates that slowed performance on iPhones with older batteries. Sources speaking to Bloomberg say that the agencies are looking into whether Apple violated securities laws regarding disclosures about its updates that throttled older iPhones. So far, the DOJ and SEC have requested information from Apple. Because the investigation is still early, it's unclear if the agencies will actually take an action against Apple. Apple apologized for not being more clear about its actions after the news of its performance-throttling updates came out, but we've still seen class action lawsuits and now this investigation come out. The good news is that Apple will be more transparent about iPhone battery health and performance in the future, but for now, it'll have to deal with the DOJ and SEC. -
False Hawaii Missile Alert Sent After Drill Recording Said 'This Is Not A Drill' (npr.org)
A false ballistic missile alert in Hawaii was sent on January 13 because an emergency worker believed there really was a missile threat, according to a preliminary investigation by The Federal Communications Commission. From a report: The report finds that the false alert was not the result of a worker choosing the wrong alert by accident from a drop-down menu, but rather because the worker misunderstood a drill as a true emergency. The drill incorrectly included the language "This is not a drill." -
False Hawaii Missile Alert Sent After Drill Recording Said 'This Is Not A Drill' (npr.org)
A false ballistic missile alert in Hawaii was sent on January 13 because an emergency worker believed there really was a missile threat, according to a preliminary investigation by The Federal Communications Commission. From a report: The report finds that the false alert was not the result of a worker choosing the wrong alert by accident from a drop-down menu, but rather because the worker misunderstood a drill as a true emergency. The drill incorrectly included the language "This is not a drill." -
Child Experts: Just Say 'No' To Facebook's Kids App (apnews.com)
A group letter sent Tuesday to CEO Mark Zuckerberg argues that younger children -- the app is intended for those under 13 -- aren't ready to have social media accounts, navigate the complexities of online relationships or protect their own privacy. From a report: Facebook launched the free Messenger Kids app in December, pitching it as a way for children to chat with family members and parent-approved friends. It doesn't give kids separate Facebook or Messenger accounts. Rather, the app works as an extension of a parent's account, and parents get controls such as the ability to decide who their kids can chat with. The social media giant has said it fills "a need for a messaging app that lets kids connect with people they love but also has the level of control parents want."
But a group of 100 experts, advocates and parenting organizations is contesting those claims. Led by the Boston-based Campaign for a Commercial-Free Childhood, the group includes psychiatrists, pediatricians, educators and the children's music singer Raffi Cavoukian. "Messenger Kids is not responding to a need -- it is creating one," the letter states. "It appeals primarily to children who otherwise would not have their own social media accounts." -
Ethereum Startup Vanishes After Seemingly Making $11, Leaves Message: 'Penis' (vice.com)
CaptainDork shares a report from Motherboard: An Ethereum startup called Prodeum disappeared from the web on Sunday after raising a grand total of $11 USD from investors in a crowdsale. Shortly after the website disappeared, a message appeared on its homepage: "penis." Prodeum's website now redirects visitors to the Twitter account of a cryptocurrency trader (they did not immediately respond to our request for comment), and its Twitter account has been deactivated. Prodeum is at least the second Ethereum startup to pull up stakes after raising money from people in events called Initial Coin Offerings, or ICOs, in which a startup funds their enterprise by taking cryptocurrency from people in exchange for digital tokens. Some ICOs have managed to raise millions of dollars, and the last startup to vanish after conducting an ICO -- Confido, which disappeared from the internet in late 2017 -- made off with roughly $374,000. (A message later appeared on Confido's site stating that it would buy back investors' tokens, but it's unclear if that took place.)
Prodeum, by comparison, only seems to have raised $11 based on the Ethereum address that was advertised on Prodeum's site as being the ICO address. (Update: After this article was published the contents of the ICO wallet were sent to another wallet. That wallet contains roughly $100, with the other funds all coming from a single wallet that predates the Prodeum ICO and contains 46 cents.) Prodeum's pitch, according to a cached version of its webpage, was to track vegetables in a supply chain using digital addresses on a blockchain -- a decentralized ledger at the heart of Ethereum and other cryptocurrencies like Bitcoin. As for why the "penis" message was left on its homepage, it may have something to do with the name of the startup. Prodeum is a medication that treats urinary tract infections and other urinary problems... -
Pentagon Reviews GPS Policies After Fitness Trackers Reveal Locations (npr.org)
An anonymous reader quotes a report from NPR: Locations and activity of U.S. military bases; jogging and patrol routes of American soldiers -- experts say those details are among the GPS data shared by the exercise tracking company Strava, whose Heat Map reflects more than a billion exercise activities globally. The Pentagon says it's looking at adding new training and policies to address security concerns. "Recent data releases emphasize the need for situational awareness when members of the military share personal information," Pentagon spokesman Major Adrian J.T. Rankine-Galloway of the U.S. Marine Corps said in a statement about the implications of the Strava data that has made international headlines. Strava -- which includes an option for keeping users' workout data private -- published the updated Heat Map late last year. The California-based company calls itself "the social network for athletes," saying that its mobile apps and website connect millions of people every day. Using data from fitness trackers such as the Fitbit, Strava's map shows millions of users' runs, walks, and bike trips from 2015 to September of 2017 -- and in some countries, the activities of military and aid personnel are seen in stark contrast, as their outposts shine brightly among the comparative darkness of their surroundings.