Domain: wsj.com
Stories and comments across the archive that link to wsj.com.
Stories · 1,821
-
Lawyers Faced With Emojis and Emoticons Are All \_("/)_/ (wsj.com)
Zorro shares a WSJ report: Lawyers gathered at the Atlanta office of a big law firm were debating a head-scratching legal question. What does the emoji known as the "unamused face" actually mean? They couldn't even agree that the emoji in question -- it has raised eyebrows and a frown -- looked unamused. "Everybody said something different," recalls Morgan Clemons, 33 years old, a regulatory compliance lawyer at Aldridge Pite who organized the gathering last summer at Bryan Cave LLP, called "Emoji Law 101." Emojis -- tiny pictures of facial expressions or objects used in text messages, emails and on social media -- are no longer a laughing matter for the legal profession. (Editor's note: the link may be paywalled; alternative source.) Increasingly, they are bones of contention in lawsuits ranging from business disputes to harassment to defamation. In one Michigan defamation dispute, the meaning of an emoticon, an emoji-like image created with text characters from a standard keyboard, was up for debate.
A comment on an internet message board appeared to accuse a local official of corruption. The comment was followed by a ":P" emoticon. The judges on the Michigan Court of Appeals concluded in 2014 that the emoticon "is used to represent a face with its tongue sticking out to denote a joke or sarcasm." The court said the comment couldn't be taken seriously or viewed as defamatory. Puzzled lawyers are turning to seminars, informal meetings and academic papers to discern innuendo in seemingly innocuous pictures of martini glasses and prancing horses. -
Intel Told Chinese Firms of Meltdown Flaws Before the US Government (engadget.com)
According to The Wall Street Journal, Intel initially told a handful of customers about the Meltdown and Spectre vulnerabilities, including Chinese tech companies like Alibaba and Lenovo, before the U.S. government. As a result, the Chinese government could have theoretically exploited the holes to intercept data before patches were available. Engadget reports: An Intel spokesman wouldn't detail who the company had informed, but said that the company couldn't notify everyone (including U.S. officials) in time because Meltdown and Spectre had been revealed early. Lenovo said the information was protected by a non-disclosure agreement. Alibaba has suggested that any accusations of sharing info with the Chinese government was "speculative and baseless," but this doesn't rule out officials intercepting details without Alibaba's knowledge. There's no immediate evidence to suggest that China has taken advantage of the flaws, but that's not the point -- it's that the U.S. government could have helped coordinate disclosures to ensure that enough companies had fixes in place. -
Tax Change Aims to Lure Intellectual Property Back to the US (wsj.com)
U.S. companies rich in intellectual property are looking at a new tax-friendly regime: the U.S (Editor's note: the link may be paywalled; alternative source). From a report: A provision in the newly revised U.S. tax code slashes the income tax companies pay on royalties from the overseas use of intellectual property or so-called intangible assets, such as licenses and patents. The new tax break, for what is dubbed foreign-derived intangible income, effectively reduces tax on foreign income from goods and services produced in the U.S. using patents and other intellectual property to 13.125% until the end of 2025, after which the rate rises to 16.4%. Previously, royalties paid to a unit in the U.S. would have been taxed similarly to other U.S. income, for which the top corporate tax rate was 35%. The new headline corporate rate is 21%. The deduction is meant to induce companies with large U.S. operations and significant foreign income from patent royalties to base more of those assets in the U.S. Such companies, especially in technology and pharmaceutical sectors, often hold foreign rights for their IP in a company based in a low-tax country. -
China, Unhampered by Rules, Races Ahead in Gene-Editing Trials (wsj.com)
U.S. scientists helped devise the Crispr biotechnology tool. First to test it in humans are Chinese doctors (Editor's note: the link may be paywalled; alternative link). WSJ reports: In a hospital west of Shanghai, Wu Shixiu since March has been trying to treat cancer patients using a promising new gene-editing tool. U.S. scientists helped devise the tool, known as Crispr-Cas9, which has captured global attention since a 2012 report said it can be used to edit DNA. Doctors haven't been allowed to use it in human trials in America. That isn't the case for Dr. Wu and others in China. In a quirk of the globalized technology arena, Dr. Wu can forge ahead with the tool because he faces few regulatory hurdles to testing it on humans. [...] There is little doubt China was first out of the block testing Crispr on humans. Nine trials in China are listed in a U.S. National Library of Medicine database. The Wall Street Journal found at least two other hospital trials, including one beginning in 2015 -- a year earlier than previously reported. Journal reporting found at least 86 Chinese patients have had their genes edited. -
'Very High Level of Confidence' Russia Used Kaspersky Software For Devastating NSA Leaks (yahoo.com)
bricko shares a report from Yahoo Finance: Three months after U.S. officials asserted that Russian intelligence used popular antivirus company Kaspersky to steal U.S. classified information, there are indications that the alleged espionage is related to a public campaign of highly damaging NSA leaks by a mysterious group called the Shadow Brokers. In August 2016, the Shadow Brokers began leaking classified NSA exploit code that amounted to hacking manuals. In October 2017, U.S. officials told major U.S. newspapers that Russian intelligence leveraged software sold by Kaspersky to exfiltrate classified documents from certain computers. (Kaspersky software, like all antivirus software, requires access to everything stored on a computer so that it can scan for malicious software.) And last week the Wall Street Journal reported that U.S. investigators "now believe that those manuals [leaked by Shadow Brokers] may have been obtained using Kaspersky to scan computers on which they were stored." Members of the computer security industry agree with that suspicion. "I think there's a very high level of confidence that the Shadow Brokers dump was directly related to Kaspersky ... and it's very much attributable," David Kennedy, CEO of TrustedSec, told Yahoo Finance. "Unfortunately, we can only hear that from the intelligence side about how they got that information to see if it's legitimate." -
Why Uber Can Find You but 911 Can't (wsj.com)
Accurate location data is on smartphones, so why don't more wireless carriers use it to locate emergency callers? From a report, shared by a reader: Software on Apple's iPhones and Google's Android smartphones help mobile apps like Uber and Facebook to pinpoint a user's location, making it possible to order a car, check in at a local restaurant or receive targeted advertising. But 911, with a far more pressing purpose, is stuck in the past. U.S. regulators estimate as many as 10,000 lives could be saved each year if the 911 emergency dispatching system were able to get to callers one minute faster. Better technology would be especially helpful, regulators say, when a caller can't speak or identify his or her location. After years of pressure, wireless carriers and Silicon Valley companies are finally starting to work together to solve the problem. But progress has been slow. Roughly 80% of the 240 million calls to 911 each year are made using cellphones, according to a trade group that represents first responders. For landlines, the system shows a telephone's exact address. But it can register only an estimated location, sometimes hundreds of yards wide, from a cellphone call. That frustration is now a frequent source of tension during 911 calls, said Colleen Eyman, who oversees 911 services in Arvada, Colo., just outside Denver. -
Apple Planning New, 'Robust' Parental Controls To Help Protect Children, Teens (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: An open letter to Apple from some investors sparked the tech giant to respond by promising new software tools for parents to restrict and monitor their kids' smartphone use. In a report by The Wall Street Journal, Apple states it has plans to create new software features that will make its current parental controls on iPhone and other devices "even more robust." "We think deeply about how our products are used and the impact they have on users and the people around them," Apple said in its statement to The Wall Street Journal. "We take this responsibility very seriously and we are committed to meeting and exceeding our customers' expectations, especially when it comes to protecting kids."
Apple didn't provide details on its planned, improved parental control features, but it did point back to the controls its software has had in place since 2008. The Settings app on every iPhone has a parental control section that allows adults to restrict website access, control in-app purchases, and install or delete apps, among other things. But those existing settings haven't been enough to quell the worries of the investors who wrote an open letter to Apple last week, expressing concern about the effect smartphones can have on kids who are glued to those devices. -
A Crypto Website Changes Its Data, and $100 Billion in Market Value Vanishes (wsj.com)
Paul Vigna, writing for WSJ: Prices for some of the most popular cryptocurrencies dropped sharply Monday. One apparent reason: an adjustment from a popular website on its digital-currency price quotes (Editor's note: the link may be paywalled; alternative source). A website called coinmarketcap.com on Monday removed data from some South Korean exchanges from its price quotes for a range of virtual currencies including bitcoin, Ethereum and Ripple's XRP. The move followed a South Korean government crackdown on cryptocurrencies. The move by coinmarketcap caused some amount of chaos when prices across the board suddenly plunged. In mid-Monday trading, XRP had fallen 26% over the past 24 hours, Bitcoin Cash was down 18%, and litecoin was down 12%. Of the top 40 cryptocurrencies, 31 were down, including bitcoin and Ethereum. [...]
Coinmarketcap has become one of the most popular destinations for price quotes as the sector surged last year. According to Amazon's web-ranking service, coinmarketcap is currently the 154th most popular website in the world, in the same ballpark as Chinese retail giant Alibaba.com. The website's rejiggered prices led to a flip in market-value rankings on the site. Ethereum, with a $109 billion total market valuation, moved into second place, the spot previously occupied by XRP, which fell to third place with a $97 billion market value. Bitcoin remained number one, with a $255 billion market value. -
AT&T Pulls Out of Deal To Sell China's Huawei Phones In the US (phonedog.com)
According to the Wall Street Journal, AT&T has walked away from a deal to sell China's Huawei smartphones in the U.S. Neither AT&T nor Huawei have commented on the matter, but the news is certainly going to disappoint those of you who were looking forward to picking up Huawei's flagship Mate 10. Prior to this report, Huawei was expected to announce that its flagship Mate 10 will launch on AT&T in 2018. PhoneDog reports: Huawei has a major presence internationally, with recent reports saying that it's the No. 3 smartphone brand in the world behind Apple and Samsung. The company hasn't made much of a dent in the U.S., though, despite the fact that it's been selling its phones unlocked in the U.S. for awhile now. This AT&T deal would've been big for Huawei, helping it to get its phones inside carrier stores and in front of U.S. consumers, the majority of which still buy their phones from their carriers. Now we'll have to wait and see if Huawei can strike a deal with another carrier or if it'll have to continue on in the unlocked market. A Huawei spokesperson only said "Huawei has proven itself by delivering premium devices with integrity globally and in the U.S. market." -
Apple Product Delays Have More Than Doubled Under Tim Cook's Watch, Says Report (wsj.com)
An anonymous reader quotes a report from The Wall Street Journal (Warning: source may be paywalled; alternative source): Of the three major new products since Mr. Cook became chief executive in 2011, both AirPods earbuds in 2016 and last year's HomePod speaker missed Apple's publicly projected shipping dates. The Apple Watch, promised for early 2015, arrived late that April with lengthy wait times for delivery. Apple also was delayed in supplying the Apple Pencil and Smart Keyboard, two critical accessories for its iPad Pro. The delays have contributed to much longer waits between Apple announcing a product and shipping it: an average of 23 days for new and updated products over the past six years, compared with the 11-day average over the six years prior, according to a Wall Street Journal analysis of Apple public statements. Longer lead times between announcement and product release have the potential to hurt Apple on multiple fronts. Delays give rivals time to react, something the company tried to prevent in the past by keeping lead times short, analysts and former Apple employees said. They can stoke customer disappointment and have cost Apple sales. -
Google Works With Hotels To Hurt Travel Competition (wsj.com)
An anonymous reader shares a WSJ report: More than 100 million Americans are expected to travel during the holidays, and many will search for lodging online. But travelers may unknowingly pay more and fail to see all of their options because some major hotels have ganged up with Google to undercut competition (The link may be paywalled). Online travel agencies like Expedia, Priceline and Travelocity have replaced brick-and-mortar agents by offering consumers more choice and convenience at a lower price. These OTAs purchase inventory from wholesalers and then market rooms at a discount to consumers in addition to flights, rental cars and travel packages. Many also have agreements with companies like American Express, Costco and Delta to market their inventory. OTA websites let travelers sift through hotel offers based on price, brand, location, amenities and guest rating, among other search filters. OTAs earn a roughly 20 percent commission from hotels for each reservation they book, which covers their cost of marketing, inventory acquisition, customer support and payment processing. As hotels get squeezed by Airbnb and home rental sites, they have begun complaining that OTAs are eating into their profits. Several major hotels are now trying to use Google as a counterweight, while Google is exploiting its search dominance to steer consumers to its travel service. Some 60% of travelers begin trip-planning on Google. -
Nintendo Delaying 64GB Game Cards For Switch Until 2019, Says Report (kotaku.com)
According to The Wall Street Journal, Nintendo is pushing back the introduction of larger 64GB game cards for the Switch. Nintendo had planned to make them available during the second half of 2018, but has reportedly told developers that they would have to wait. The reason is reportedly due to technical issues. Kotaku reports: As Kotaku previously reported, Nintendo's Switch games keep their size slim, with downloads for Super Mario Odyssey, Arms and Splatoon 2 ranging from 2-6GB. However, third party developers have been releasing bigger, data-heavy games, outpacing the Switch's 24GB of usable onboard memory. The Journal notes that Nintendo has already sold over 10 million Switch consoles, meaning developers could continue to flock to the platform, regardless. -
Uber Is Selling Its Money-Losing Car Lease Business (engadget.com)
According to The Wall Street Journal, Uber is selling its Xchange Leasing unit to the car marketplace Fair.com. "It reportedly won't be a clean break," reports Engadget. "Uber will both take a stake in Fair and point would-be drivers to the site through its app. Fair, in return, will offer jobs to roughly 150 workers affected by the switch. Other companies in the running had included Avis Budget Group (yes, the car rental agency), activist investor Carl Icahn's self-titled Icahn Enterprises, Innovate Auto Finance and two capital investment firms." -
Bitcoin Jumps Another 10% in 24 Hours, Sets New Record at $19,000 (arstechnica.com)
An anonymous reader quotes Ars Technica: Bitcoin's price set a new record on Saturday as the virtual currency rose above $19,000 for the first time on the Bitstamp exchange. The gains came just hours after the currency crossed the $18,000 mark. Bitcoin's value has doubled over the last three weeks, and it's up more than 20-fold over the last year.
Bitcoin's value keeps rising despite a growing chorus of experts who say the currency value is an unsustainable bubble. One CNBC survey this week found that 80 percent of Wall Street economists and market strategists saw bitcoin's rise as a bubble, compared to just two percent who said the currency's value was justified. Another survey reported by The Wall Street Journal this week found that 51 out of 53 economists surveyed thought bitcoin's price was an unsustainable bubble.
Less than a month ago, Bitcoin was selling for $8,000. -
The First Women in Tech Didn't Leave -- Men Pushed Them Out (wsj.com)
An anonymous reader writes: A column on the Wall Street Journal argues that sexism in the tech industry is as old as the tech industry itself. At its genesis, computer programming faced a double stigma -- it was thought of as menial labor, like factory work, and it was feminized, a kind of "women's work" that wasn't considered intellectual (Editor's note: the link could be paywalled; alternative source). In the U.K., women in the government's low-paid "Machine Operator Class" performed knowledge work including programming systems for everything from tax collection and social services to code-breaking and scientific research. Later, they would be pushed out of the field, as government leaders in the postwar era held a then-common belief that women shouldn't be allowed into higher-paid professions with long-term prospects because they would leave as soon as they were married. Today, in the U.S., about a quarter of computing and mathematics jobs are held by women, and that proportion has been declining over the past 20 years. A string of recent events suggest the steps currently being taken by tech firms to address these issues are inadequate. -
Apple To Start Paying Ireland the Billions It Owes In Back Taxes (engadget.com)
Last year, Apple was ordered to pay a record sum of 13 billion euros ($14.5 billion) plus interest after the European Commission said Ireland illegally slashed the iPhone maker's tax bill. "But Ireland was rather slow to start collecting that cash, which led the Commission to refer the Irish government to the European Court of Justice in October due to Ireland's non-compliance with the 2016 ruling," reports Engadget. "However, the Wall Street Journal reports today that the country will finally start collecting those billions of dollars owed by Apple and it may start doing so early next year." From the report: Both Apple and Ireland have fought back against the ruling -- Ireland has said that the European Union overstepped its authority and got some of the country's laws wrong while Apple has maintained that the amount it's being told to repay was miscalculated. Both are continuing to appeal the decision and the money will sit in an escrow fund while they do so. Ireland has said that negotiating the terms of that fund is what has held up its collection of the money but the European Commission said that the action it has taken against Ireland for failing to follow the 2016 ruling will proceed until the money is collected in full. -
'App Truthers' Question the Accuracy of the Domino's Pizza Tracker (foxnews.com)
Despite the fact that 60% of its pizza orders arrive digitally, "A growing number of Domino's delivery customers are casting a critical eye at the company's online pizza-tracking app," reports the lifestyle editor at Fox News. "More specifically, they think it's a bunch of crap." Fault-finding app users -- or "app truthers," as The Wall Street Journal calls them -- are subscribing to the notion that the Domino's pizza tracker is nothing but a bunch of smoke and mirrors. One user who spoke with the Journal claims his app told him that "Melinda" would be arriving shortly with his order, but when he opened the door, a delivery man he already knew handed him the pizza. "Ever since then, I knew everything they said, I felt, was made up," he said.
Another man claims the tracker told him his pizza was en route, even though he could see the Domino's restaurant from his house, and there was no sign of the pizza being out for delivery. Others claim the pizza app told them their food had been delivered when it hadn't, or that there were huge discrepancies between when their pies were supposed to be delivered and when they actually arrived. A whole thread on Reddit suggests that the app is just an automated timer disguised to look like a real-time tracker.
In a statement Domino's blamed the problem on employees not entering correct data, while also insisting that "the vast majority of the time Pizza Tracker works as designed."
According to the article, "A person who claimed to be a Domino's employee also said nearly as much in a 2015 Reddit thread. He/she added that the name of the person preparing the pizza -- as far as the app is concerned -- is usually the manager. -
Nasdaq Plans To Offer Bitcoin Futures In Early 2018 (engadget.com)
An anonymous reader quotes a report from Engadget: Nasdaq is planning to launch contracts for bitcoin futures in the first half of 2018, according to The Wall Street Journal, which will enable investors to predict and put money on the future price of the currency. The Wall Street Journal also reports that broker Cantor Fitzgerald will be launching bitcoin derivatives on its own exchange in the first half of next year as well, making for yet another brokerage to help make bitcoin a more mainstream financial instrument. The relative youth and volatility of the currency still keeps many investors away, of course, but bitcoin is probably here to stay, even if this is just a bubble. New uses for regular folks to spend with the currency continue to rise, like the UK Visa card based on bitcoin and Square's testing of the currency in its payment app. -
New Uber CEO Knew of Hack for Months (wsj.com)
Greg Bensinger and Robert McMillan, reporting for the WSJ: While the massive data breach at Uber didn't happen under the watch of its new chief executive, more than two months elapsed before he notified affected customers and drivers of the incident (Editor's note: the link may be paywalled), people familiar with the matter said. CEO Dara Khosrowshahi learned of the breach, which Uber said happened in October 2016 and affected some 57 million accounts, about two weeks after he officially took the helm on Sept. 5, one of the people said. Mr. Khosrowshahi said he immediately ordered an investigation, which he wanted to complete before making the matter public. About three weeks ago, though, Uber disclosed the investigation and the broad outlines of the breach to SoftBank, which is considering a multibillion-dollar investment in the ride-hailing company, according to other people familiar with the matter. Uber officials, including its chief security officer, knew at the time of the breach that personal information had been accessed. Uber only informed customers and drivers on Tuesday. -
Stop Using Excel, Finance Chiefs Tell Staffs (wsj.com)
Tatyana Shumsky, reporting for WSJ: Adobe's finance chief Mark Garrett says his team struggles keeping track of which jobs have been filled at the software company. The process can take days and requires finance staff to pull data from disparate systems that house financial and human-resources information into Microsoft's Excel spreadsheets. From there they can see which groups are hiring and how salary spending affects the budget. "I don't want financial planning people spending their time importing and exporting and manipulating data, I want them to focus on what is the data telling us," Mr. Garrett said. He is working on cutting Excel out of this process, he said. CFOs at companies including P.F. Chang's China Bistro, ABM Industries and Wintrust Financial are on a similar drive to reduce how much their finance teams use Excel for financial planning, analysis and reporting (Editor's note: the link could be paywalled; an alternative source wasn't immediately available). Finance chiefs say the ubiquitous spreadsheet software that revolutionized accounting in the 1980s hasn't kept up with the demands of contemporary corporate finance units. Errors can bloom because data in Excel is separated from other systems and isn't automatically updated. -
Trump Administration Tightens Scrutiny of Skilled Worker Visa Applicants (inc.com)
wyattstorch516 writes: The Trump administration is tightening the scrutiny on the H-1B visa program (Warning: paywalled; alternative source). Changes would undo actions by the Obama administration. There are two big regulatory changes looming that would undo actions by the Obama administration. "The first change allowed spouses of H-1B workers the right to work. That regulation is being challenged in court and the Trump administration is expected to eliminate the provision rather than defend it," reports WSJ. "The second change affects the Optional Practical Training program, which allows foreign graduates from U.S. colleges in science and technology an extra two years of work authorization, giving them time to win an H-1B visa. The Trump administration could kill that benefit or reduce the two-year window, according to people familiar with the discussions." The Journal highlights a "series of more modest changes that have added scrutiny to visa processing":
- "USCIS directed last month that adjudicators no longer pay 'deference' to past determinations for renewal applications. This means an applicant's past approval won't carry any weight if he or she applies for a renewal.
- The agency is conducting more applicant interviews, which critics say slows the system. The agency spokesman says this process will ramp up over several years and is needed to detect fraud and make accurate decisions.
- In the spring, the agency suspended premium processing, which allowed for fast-track consideration to those who paid an extra fee. This option wasn't resumed until October, meaning many workers who qualified for a coveted H-1B visa had to wait months for a decision.
- State Department officials have been told to consider that Mr. Trump's 'Buy American, Hire American' executive order directs visa programs must 'protect the interests of United States workers.' And the Foreign Affairs Manual now instructs officers to scrutinize applications of students to ensure they plan to return to their home countries. A State Department official said the official rules haven't changed but said a 'comprehensive' review is under way." -
The Secret to Tech's Next Big Breakthroughs? Stacking Chips (wsj.com)
Christopher Mims, writing for the Wall Street Journal: A funny thing is happening to the most basic building blocks of nearly all our devices. Microchips, which are usually thin and flat, are being stacked like pancakes (Editor's note: the link could be paywalled). Chip designers -- now playing with depth, not just length and width -- are discovering a variety of unexpected dividends in performance, power consumption and capabilities. Without this technology, the Apple Watch wouldn't be possible. Nor would the most advanced solid-state memory from Samsung, artificial-intelligence systems from Nvidia and Google, or Sony's crazy-fast next-gen camera. Think of this 3-D stacking as urban planning. Without it, you have sprawl -- microchips spread across circuit boards, getting farther and farther apart as more components are needed. But once you start stacking chips, you get a silicon cityscape, with everything in closer proximity.
The advantage is simple physics: When electrons have to travel long distances through copper wires, it takes more power, produces heat and reduces bandwidth. Stacked chips are more efficient, run cooler and communicate across much shorter interconnections at lightning speed, says Greg Yeric, director of future silicon technology for ARM Research, part of microchip design firm ARM. -
Walmart Is Raising Prices Online To Increase In-Store Traffic (theverge.com)
An anonymous reader quotes a report from The Verge: Walmart is taking a bit of an nontraditional approach to boost sales ahead of Black Friday and Cyber Monday shopping events by raising prices for products sold online and discounting those same items in physical retail stores. According to The Wall Street Journal, the big-box store has quietly raised prices for household and food items such as toothbrushes, macaroni and cheese, and dog food on its website while the prices in stores remained the same. If there are price discrepancies between online and in-store purchases, Walmart will now highlight this on the product's web listing to encourage customers to buy them from their local stores. It's all part of an effort to increase foot traffic as Walmart continues to compete with Amazon just about everywhere else.
With the new pricing strategy, a twin-pack of Betty Crocker Hamburger Helper costs $3.30 on Walmart.com, but goes as low as $2.50 if purchased at a store in Illinois. The aim is to also help reduce processing costs and increase online sales margins, since driving customers to stores means less shipping costs for the retailer. Shipping one box of instant macaroni and cheese from Chicago to Atlanta could cost Walmart as much as $10, reports the WSJ. -
Companies Wake Up To the Problem of Bullies At Work (wsj.com)
Reader cdreimer writes: According to a report in The Wall Street Journal (possibly paywalled), two-thirds of Americans have reported being bullied in the workplace in the last year (up from half in 1989) and boorish behavior by bosses and coworkers are causing companies in lost productivity. The report reads: One of the first things visitors notice when they enter the Irvine, Calif., offices of Bryan Cave LLP is the granite plaque etched with the law firm's 10-point code of civility. The gray slab, displayed in the law firm's reception area, proclaims that employees always say please and thank you, welcome feedback and acknowledge the contributions of others. Such rules may seem more at home in a kindergarten than a law firm, but Stuart Price, a longtime partner, says they serve as a daily reminder to keep things civil at work. Incivility -- and its more extreme cousin, bullying -- is becoming a bigger problem in workplaces. Nearly two-thirds of Americans reported that they were bullied at work last year, up from roughly half of workers in 1998, according to research conducted by Christine Porath, a management professor at Georgetown University's McDonough School of Business. These people reported they were "treated rudely at least once a month" by bosses or co-workers in the past year -- which Prof. Porath defined as being bullied.Bullying costs companies in ways large and small, cutting into productivity and turning off customers, management experts say. Workplace behavior is under the microscope after recent allegations of sexual harassment in Hollywood, technology and media. Some companies have found, as a result of investigations into harassment claims, that bullying and boorish behavior are more common than suspected. -
Nintendo Is Making An Animated Super Mario Bros. Movie, Says Report (gizmodo.com)
According to The Wall Street Journal, Nintendo has made a deal with Illumination Entertainment -- the animation studio that makes the Despicable Me movies -- to make an animated Super Mario Bros. movie. The film is currently in "early development," but the report comes as a surprise given how protective Nintendo is of their intellectual properties. Gizmodo reports: According to the report, the companies have been in negotiations for a year and the fact Universal (which finances and distributes Illumination's movie) has partnered with Nintendo for several theme parks was helpful. Right now, the deal is one for one movie, but there is potential for more. Of course, Nintendo is almost laughably protective of their intellectual properties, especially after the disastrous 1993 live action Super Mario Bros. movie. They've made Pokemon movies but, beyond that, rumors of movies based on Mario and The Legend of Zelda have been around for years. This is the vide game company's first big move forward in a long time, and the implications are extremely significant. -
Without Humans, Artificial Intelligence Is Still Pretty Stupid (wsj.com)
Christopher Mims, writing for WSJ: The internet giants that tout their AI bona fides have tried to make their algorithms as human-free as possible, and that's been a problem. It has become increasingly apparent over the past year that building systems without humans "in the loop" -- especially in the case of Facebook and the ads it linked to 470 "inauthentic" Russian-backed accounts -- can lead to disastrous outcomes, as actual human brains figure out how to exploit them. Whether it's winning at games like Go or keeping watch for Russian influence operations, the best AI-powered systems require humans to play an active role in their creation, tending and operation (Editor's note: the link could be paywalled; alternative source). Facebook, of course, is now a prime example of this trend. The company recently announced it would add 10,000 content moderators to the 10,000 it already employs -- a hiring surge that will impact its future profitability, said Chief Executive Mark Zuckerberg. -
Nintendo Reportedly Plans To Double Switch Production In 2018 (engadget.com)
An anonymous reader quotes a report from Engadget: The Switch, Nintendo's latest hybrid console is doing pretty well for the company, which expects it to outdo the Wii U's lifetime sales within a year. The company obviously thinks so, too, according to a new report at The Wall Street Journal, which says that Nintendo plans to ramp up production of the hardware itself, beginning in April 2018. The report claims that Nintendo is planning to make 25 million to 30 million more units of its successful Switch console over the next fiscal year. Further, Nintendo may plan for even more if this year's holiday sales are strong, according to the WSJ's sources. The company has already built almost 8 million Switches, total, as of its latest earnings report. -
A Global Shortage of Magnetic Tape Leaves Cassette Fans Reeling (wsj.com)
A reader shares a report: Steve Stepp and his team of septuagenarian engineers are using a bag of rust, a kitchen mixer larger than a man and a 62-foot-long contraption that used to make magnetic strips for credit cards to avert a disaster that no one saw coming in the digital-music era. The world is running out of cassette tape (Editor's note: the link could be paywalled; alternative source). National Audio Co., where Mr. Stepp is president and co-owner, has been hoarding a stockpile of music-quality, an-eighth of an inch-wide magnetic tape from suppliers that shut down in the past 15 years after music lovers ditched cassettes. National Audio held on. Now, many musicians are clamoring for cassettes as a way to physically distribute their music. The company says it has less than a year's supply of tape left. So it is building the first manufacturing line for high-grade ferric oxide cassette tape in the U.S. in decades. If all goes well, the machine will churn out nearly 4 miles of tape a minute by January. And not just any tape. "The best tape ever made," boasts Mr. Stepp, 69 years old. "People will hear a whole new product." -
Peter Thiel Could End Up Owning Gawker (pagesix.com)
An anonymous reader writes: Gawker's assets are now up for sale, and Page Six reports that they could be sold to a Hollywood movie studio which is "seriously interested" in adapting the site's stories into movies or TV shows -- and is also looking into filming the story of Gawker itself. Another interested buyer is described as a "group of hard-core Gawker fans" who are currently performing their own due diligence. But the bankruptcy manager for Gawker "has not ruled out the possibility" of selling the site to Peter Thiel. Also up for sale are "potential legal claims" Gawker may have against Peter Thiel, according to the Wall Street Journal. -
CNN Plans To Offer Subscriptions for Digital News Next Year (wsj.com)
Benjamin Mullin, writing for WSJ: After investing in digital verticals focused on business and politics and acquiring an online-video startup, CNN is gearing up for another big step: It plans to launch tiered subscription offerings for its digital news business (Editor's note: the link could be paywalled; alternative source) as early as the second quarter of next year. A proposed premium offering will give subscribers access to special content on topic-specific verticals such as CNN Money and CNN Politics, built around network personalities. A second option will provide additional, though less specialized, content across all of CNN's sites. Pricing hasn't been finalized. The move is part of a broader five-year plan to develop new revenue streams and reach $1 billion in digital revenue by 2022. CNN's digital arm expects to pull in $370 million this year, according to a person familiar with its financials. -
Department of Justice Considers Blocking AT&T Deal For Time Warner (reuters.com)
An anonymous reader quotes a report from Reuters: AT&T and the U.S. Department of Justice are discussing conditions the No. 2 wireless carrier needs to meet in order for its acquisition of Time Warner Inc to win government approval. The $85.4 billion deal, hatched last October, is opposed by some consumer groups and TV companies on the grounds that it would give the wireless company too much power over the media it would carry on its own network. Donald Trump, who has accused media companies like Time Warner's CNN of being unfair to him, criticized the deal on the campaign trail last year and vowed that as president his Justice Department would block it. The proposed deal represents an early challenge for the Justice Department's new antitrust chief, Makan Delrahim, a Trump appointee who was confirmed by Congress in late September. Delrahim may be looking to ramp up pressure on AT&T. The Wall Street Journal reported that the Justice Department was laying the groundwork for a potential lawsuit aimed at stopping the deal if settlement talks did not work out. -
Apple Limits Lengthy iPhone X Testing for Most Reviewers (wsj.com)
Tripp Mickle, reporting for the Wall Street Journal: Apple departed from its traditional preview strategy for what it bills as its most important new iPhone in years, prioritizing early access to the iPhone X for YouTube personalities and celebrities over most technology columnists who traditionally review its new products. Apple provided the iPhone X to a small number of traditional testers for about a week, while limiting most others, The Wall Street Journal included, to a single day with the device before reviews could be published (alternative source). About a half-dozen personalities on Alphabet's YouTube video service were granted time with the device before its release. The change in strategy meant the iPhone X, which hits stores Friday, got less testing than most of its predecessors before reviews could be published. Crash reviewers largely echoed those sentiments, adding the caveat that they could discover issues after they spend more time with the device. Most pledged full reviews for later in the week. The review strategy is "unusual," said Jan Dawson, an analyst with Jackdaw Research. "It's possible Apple wanted some reviews out early and those would be the more enthusiastic ones." He said YouTube reviewers tend to be more positive when given early access to devices, and that most reviews aren't overly negative. "Unless Apple felt like there would be some bad elements in the reviews, why would you hold back?" Mr. Dawson asked. "Why would you be selective about who gets it first?" -
Apple Is Designing iPhones, iPads That Would Drop Qualcomm Components (wsj.com)
An anonymous reader quotes a report from The Wall Street Journal (Warning: source may be paywalled; alternative source): Apple, locked in an intensifying legal fight with Qualcomm, is designing iPhones and iPads for next year that would jettison the chipmaker's components, according to people familiar with the matter. Apple is considering building the devices only with modem chips from Intel and possibly MediaTek because San Diego, Calif.-based Qualcomm has withheld software critical to testing its chips in iPhone and iPad prototypes, according to one of the people. Apple's planned move for next year involve the modem chips that handle communications between wireless devices and cellular networks. Qualcomm is by far the biggest supplier of such chips for the current wireless standard. The Apple plans indicate the battle with Qualcomm could spill beyond the courtroom feud over patents into another important Qualcomm business where it has the potential to send ripples through the smartphone supply chain. -
Can Science Make Alcohol Safer? (scientificamerican.com)
Long-time Slashdot reader Zorro was the first to spot this story. Scientific American reports: Could there be a "liver-friendly" vodka? One company claims its proprietary blend of additives reduces stress on the body... The researchers concluded that consuming the alcohol with the additives -- glycyrrhizin, derived from licorice; D-mannitol, a sugar alcohol; and potassium sorbate, a preservative -- may support improved liver health compared with drinking alcohol alone. Marsha Bates, a distinguished research professor and director of the Center of Alcohol Studies at Rutgers University, said the study design "seemed appropriate." But, she added, study itself was small, with only 12 healthy men and women, and "doesn't really provide any information of what the long-term effects of consuming alcohol with this additive would be. It's a positive preliminary study but certainly does not provide a firm basis for speculating about long-term impact."
Functional or not, Harsha Chigurupati needs approval from federal regulators before he can tout curative powers on a label... Specifically, Chigurupati is seeking approval to make the claim that his blend, known as NTX for "No Tox," provides "antioxidant and inflammatory support" and "reduces the risk of alcohol-induced liver diseases," among other claims... Chigurupati said his goal is not to enable people to drink more, but to drink with less physical harm.
The claim "leaves some experts deeply skeptical," adds the article, while 33-year-old Chigurupati admits that an earlier formula "tasted terrible and it actually burned my mouth." But his company later developed a formula which he says tasted good and is easier on the liver. "I don't believe in abstinence," Chigurupati told the Wall Street Journal. "What I do believe in is using technology to make life better. I'm not going to stop drinking, so why not make it safer?" -
Sony Reportedly Announcing New Robot Dog Next Month (wsj.com)
Zorro shares a report from The Wall Street Journal (Warning: source may be paywalled; alternative source): Sony Corp. is planning next spring to roll out a dog-shaped pet robot similar to its discontinued Aibo with updated components that could allow it to control home appliances, people familiar with the matter said. Sony is preparing for a media event in November to show off the product, the people said. It is unclear whether the new product will use the Aibo name and how much it will cost. Sony Chief Executive Kazuo Hirai said last year at a strategy briefing that the company was developing "a robot capable of forming an emotional bond with customers, and able to grow to inspire love and affection." He told The Wall Street Journal at the time that the company might make an Aibo-like dog robot. The Nikkei newspaper reported earlier this month that Sony was targeting spring 2018 for the release of a home robot. -
Facebook Runs On AI - But 70% of Its Engineers Who Use AI Aren't Experts (wsj.com)
An anonymous reader shares an excerpt from a WSJ report: AI algorithms are inherently black boxes whose workings can be next to impossible to understand -- even by many Facebook engineers. "If you look at all the engineers at Facebook, more than one in four are users of our AI platform," says Mr. Candela. "But more than 70% [of those] aren't experts." How so many Facebook engineers can use its AI algorithms without necessarily knowing how to build them, Mr. Joaquin Candela, Facebook's head of applied machine learning says, is that the system is "a very modular layered cake where you can plug in at any level you want." He adds, "The power of this is just hard to describe." Pieces of that platform are performing all kinds of "domain-specific" tasks across Facebook's properties, from translation to speech recognition. -
Microsoft's Market Value Hits a Dot-Com Era Milestone: $600 Billion (wsj.com)
An anonymous reader shares a report: Microsoft's value is returning to tech-bubble peaks. The software giant closed with a market value of $600 billion Thursday for the first time since January 2000, according to the Journal's Market Data Group. Shares rose 0.4 percent to $77.91, setting a fresh all-time high. For the year, Microsoft shares are up 25% and on track for their best year since 2013, as the firm continues its rebirth as a force in cloud-computing. The firm is the third-largest S&P 500 company in market value, trailing Apple (about $800 billion) and Google's parent company, Alphabet, (about $690 billion). In July, fellow technology and internet stalwarts Facebook and Amazon.com joined the trio as the only U.S.-listed companies valued at more than in the $500 billion. The last time Microsoft was over $600 billion back in 2000, it didn't stay there for long. The tech bubble would peak in March of that year, and the Nasdaq Composite Index wouldn't climb back to the level it reach that year until 2015. -
Apple Watch's LTE Suspended In China Possibly Due To Government Security Concerns (appleinsider.com)
The Apple Watch Series 3's best new feature has been mysteriously blocked in China. According to a report from The Wall Street Journal, China has cut off the Apple Watch's LTE connectivity on Sept. 28 after brief availability from China Unicom. Industry analysts claim that the suspension is probably from governmental concerns about not being able to track and confirm users of the device. AppleInsider reports: Apple issued a brief statement confirming the situation, and referring customers to China Unicom. Neither China Unicom, nor Chinese regulators have made any statement on the matter. The issue may stem from the eSIM in the Apple Watch. Devices like the iPhone have state-owned telecom company-issued SIM cards -- and the eSIM is embedded in the device by Apple. "The eSIM (system) isn't mature enough yet in China," one analyst said. "The government still needs to figure out how they can control the eSIM." The LTE version of the Apple Watch had only a trial certificate to operate on the Chinese LTE network. An analyst who asked not to be identified expects that Ministry of Industry and Information Technology may take months to figure out how the government will deal with the eSIM, and issue a formal certificate for operation. -
Leave It To the Heat to Dull Autumn's Glory (wsj.com)
It's autumn. Somebody tell the trees. From a report: Ordinarily, two signals alert deciduous trees that it's time to relinquish the green hues of summer in favor of autumn's yellows, oranges and reds. First, the days begin to grow shorter. Second, the temperature begins to drop. But this year, unseasonably warm weather across most of the U.S. has tricked trees into delaying the onset of fall's color extravaganza. Temperatures in the eastern half of the country have been as much as 15 degrees above normal since mid-September, and the warmth is expected to persist through the end of October. The unfortunate result for leaf peepers is a lackluster fall. Two kinds of pigments produce the season's liveliest foliage. Carotenoid, responsible for yellows and oranges, is always present in leaves but is usually masked by chlorophyll. The initial trigger for its appearance is shorter days. Anthocyanin, responsible for reds and deep purples, is different. Not all deciduous trees have this pigment, and those that do manufacture it from scratch in the fall. The primary trigger for its appearance is lower temperatures. Without that cooling cue, the colors of maple and other species that generally ignite New England with brilliant reds this time of year are likely to fizzle. -
Pentagon Turns To High-Speed Traders To Fortify Markets Against Cyberattack (wsj.com)
Slashdot reader Templer421 quotes the Wall Street Journal's report [non-paywalled version here] on DARPA's "Financial Markets Vulnerabilities Project": Dozens of high-speed traders and others from Wall Street are helping the Pentagon study how hackers could unleash chaos in the U.S. financial system. The Department of Defense's research arm over the past year and a half has consulted executives at high-frequency trading firms and quantitative hedge funds, and people from exchanges and other financial companies, participants in the discussions said. Officials described the effort as an early-stage pilot project aimed at identifying market vulnerabilities... Participants described meetings as informal sessions in which attendees brainstorm about how hackers might try to bring down U.S. markets, then rank the ideas by feasibility.
Among the potential scenarios: Hackers could cripple a widely used payroll system; they could inject false information into stock-data feeds, sending trading algorithms out of whack; or they could flood the stock market with fake sell orders and trigger a market crash... "We started thinking a couple years ago what it would be like if a malicious actor wanted to cause havoc on our financial markets," said Wade Shen, who researched artificial intelligence at the Massachusetts Institute of Technology before joining Darpa as a program manager in 2014. -
US Weapons Data Stolen During Raid of Australian Defense Contractor's Computers (wsj.com)
phalse phace writes: Another day, another report of a major breach of sensitive U.S. military and intelligence data. According to a report by The Wall Street Journal (Warning: source may be paywalled; alternative source), "A cyberattacker nicknamed 'Alf' gained access to an Australian defense contractor's computers and began a four-month raid that snared data on sophisticated U.S. weapons systems. Using the simple combinations of login names and passwords 'admin; admin' and 'guest; guest' and exploiting a vulnerability in the company's help-desk portal, the attacker roved the firm's network for four months. The identity and affiliation of the hackers in the Australian attack weren't disclosed, but officials with knowledge of the intrusion said the attack was thought to have originated in China."
The article goes on to state that "Alf obtained around 30 gigabytes of data on Australia's planned purchase of up to 100 F-35 fighters made by Lockheed Martin, as well as information on new warships and Boeing-built P-8 Poseidon maritime-surveillance aircraft, in the July 2016 breach." The stolen data also included details of the C-130 Hercules transport aircraft and guided bombs used by the U.S. and Australian militaries as well as design information "down to the captain's chair" on new warships for Australia's navy. -
Equifax Breach Included 10 Million US Driving Licenses (engadget.com)
An anonymous reader quotes a report from Engadget: 10.9 million U.S. driver's licenses were stolen in the massive breach that Equifax suffered in mid-May, according to a new report by The Wall Street Journal. In addition, WSJ has revealed that the attackers got a hold of 15.2 million UK customers' records, though only 693,665 among them had enough info in the system for the breach to be a real threat to their privacy. Affected customers provided most of the driver's licenses on file to verify their identities when they disputed their credit-report information through an Equifax web page. That page was one of the entry points the attackers used to gain entry into the credit reporting agency's system. -
Moscow Has Turned Kaspersky Antivirus Software Into a Global Spy Tool, Using It To Scan Computers For Secret US Data (wsj.com)
WSJ has a major scoop today. From a report: The Russian government used a popular antivirus software to secretly scan computers around the world for classified U.S. government documents and top-secret information, modifying the program to turn it into an espionage tool (could be paywalled), according to current and former U.S. officials with knowledge of the matter. The software, made by the Moscow-based company Kaspersky Lab, routinely scans files of computers on which it is installed looking for viruses and other malicious software. But in an adjustment to its normal operations that the officials say could only have been made with the company's knowledge, the program searched for terms as broad as "top secret," which may be written on classified government documents, as well as the classified code names of U.S. government programs, these people said. The Wall Street Journal reported last week that Russian hackers used Kaspersky's software in 2015 to target a contractor working for the National Security Agency, who had removed classified materials from his workplace and put them on his home computer, which was running the program. The hackers stole highly classified information on how the NSA conducts espionage and protects against incursions by other countries, said people familiar with the matter. But the use of the Kaspersky program to spy on the U.S. is broader and more pervasive than the operation against that one individual, whose name hasn't been publicly released, current and former officials said. This link should get you around WSJ's paywall. Also read: Israeli Spies 'Watched Russian Agents Breach Kaspersky Software' -
Justice Department To Be More Aggressive In Seeking Encrypted Data From Tech Companies (wsj.com)
An anonymous reader quotes a report from The Wall Street Journal (Warning: source may be paywalled; alternative source): The Justice Department signaled Tuesday it intends to take a more aggressive posture in seeking access to encrypted information from technology companies, setting the stage for another round of clashes in the tug of war between privacy and public safety. Deputy Attorney General Rod Rosenstein issued the warning in a speech in Annapolis, Md., saying that negotiating with technology companies hasn't worked. "Warrant-proof encryption is not just a law enforcement problem," Mr. Rosenstein said at a conference at the U.S. Naval Academy. "The public bears the cost. When our investigations of violent criminal organizations come to a halt because we cannot access a phone, even with a court order, lives may be lost." Mr. Rosenstein didn't say what precise steps the Justice Department or Trump administration would take. Measures could include seeking court orders to compel companies to cooperate or a push for legislation. A Justice Department official said no specific plans were in the works and Mr. Rosenstein's speech was intended to spur public awareness and discussion of the issue because companies "have no incentive to address this on their own." -
Latest TVs Are Ready for Their Close-Ups (wsj.com)
An anonymous share a WSJ article: The latest televisions have more pixels than ever. But can your eyes detect the difference? The answer is yes -- if you sit close enough. Old TVs had 349,920 pixels. High-definition flat screens bumped up the total to 2 million. Ultrahigh-definition sets inflated it to 8 million. And manufacturers are now experimenting with 8K TVs that have an astounding 33 million pixels. More pixels render hair, fur and skin with greater detail, but the benefit depends on viewing the screen from an ideal distance so the sharpness of the images is clear, but the tiny points of illumination aren't individually distinguishable. According to standards set by the International Telecommunication Union, that ideal distance is 3 times the height of an HDTV screen, 1.5 times the height of a UHDTV screen and .75 times the height of an 8K screen (Editor's note: the link could be paywalled; here's a PDF copy of the newspaper). Given those measurements, viewers should sit 6 feet away from a 50-inch HDTV with a 24.5-inch tall screen. But they should sit just 3 feet from a UHDTV of the same size, closer than most Americans prefer. -
Latest TVs Are Ready for Their Close-Ups (wsj.com)
An anonymous share a WSJ article: The latest televisions have more pixels than ever. But can your eyes detect the difference? The answer is yes -- if you sit close enough. Old TVs had 349,920 pixels. High-definition flat screens bumped up the total to 2 million. Ultrahigh-definition sets inflated it to 8 million. And manufacturers are now experimenting with 8K TVs that have an astounding 33 million pixels. More pixels render hair, fur and skin with greater detail, but the benefit depends on viewing the screen from an ideal distance so the sharpness of the images is clear, but the tiny points of illumination aren't individually distinguishable. According to standards set by the International Telecommunication Union, that ideal distance is 3 times the height of an HDTV screen, 1.5 times the height of a UHDTV screen and .75 times the height of an 8K screen (Editor's note: the link could be paywalled; here's a PDF copy of the newspaper). Given those measurements, viewers should sit 6 feet away from a 50-inch HDTV with a 24.5-inch tall screen. But they should sit just 3 feet from a UHDTV of the same size, closer than most Americans prefer. -
Facebook Removed References To Russia From Fake-News Report (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: Back in April, Facebook published a report called "Information Operations and Facebook" that detailed the company's efforts to combat fake news and other misinformation campaigns on the site. The report was released in the midst of an uproar over potential Russian meddling in the 2016 presidential campaign. But the report doesn't mention Russia by name, saying only that Facebook's data "does not contradict" a January report by the Obama administration detailing Russian meddling in the election. On Friday, The Wall Street Journal reported that the decision not to mention Russia was hotly debated inside Facebook. An earlier draft of the report discussed what Facebook knew at that time about Russian meddling, but that material was ultimately removed from the report before publication. "Some at Facebook pushed to not include a mention of Russia in the report because the company's understanding of Russian activity was too speculative, according to one of the people," according to the Journal. -
Vice President Pence Vows US Astronauts Will Return To the Moon (engadget.com)
Before astronauts go to Mars, they will return to the Moon, Vice President Mike Pence said in a Wall Street Journal op-ed yesterday and in a speech at the National Air and Space Museum today. He touts "humans exploration and discovery" as the new focus of America's space program. This "means establishing a renewed American presence on the moon, a vital strategic goal. And from the foundation of the moon, America will be the first nation to bring mankind to Mars." Engadget reports: There have been two prevailing (and opposing) views when it comes to U.S. endeavors in human spaceflight. One camp maintains that returning to the moon is a mistake. NASA has already been there; it should work hard and set our sights on Mars and beyond. The other feels that Mars is too much of a reach, and that the moon will be easier to achieve in a short time frame. Mars may be a medium-to-long-term goal, but NASA should use the moon as a jumping-off point. It's not surprising that the Trump administration is valuing short-term gains over a longer, more ambitious project. The U.S. will get to Mars eventually, according to Pence, but the moon is where the current focus lies. -
Russian Hackers Exploited Kaspersky Antivirus To Steal NSA Data on US Cyber Defense: WSJ (wsj.com)
An NSA contractor brought home highly classified documents that detailed how the U.S. penetrates foreign computer networks and defends against cyberattacks. The contractor used Kaspersky antivirus on his home computer, which hackers working for the Russian government exploited to steal the documents, the WSJ reported on Thursday (the link could be paywalled; alternative source), citing multiple people with knowledge of the matter. From the report: The hackers appear to have targeted the contractor after identifying the files through the contractor's use of a popular antivirus software made by Russia-based Kaspersky Lab, these people said. The theft, which hasn't been disclosed, is considered by experts to be one of the most significant security breaches in recent years. It offers a rare glimpse into how the intelligence community thinks Russian intelligence exploits a widely available commercial software product to spy on the U.S. The incident occurred in 2015 but wasn't discovered until spring of last year, said the people familiar with the matter. Having such information could give the Russian government information on how to protect its own networks, making it more difficult for the NSA to conduct its work. It also could give the Russians methods to infiltrate the networks of the U.S. and other nations, these people said. Ahead of the publication of WSJ report, Kaspersky founder Eugene Kaspersky tweeted, "New conspiracy theory, anon sources media story coming. Note we make no apologies for being aggressive in the battle against cyberthreats." -
Yahoo Triples Estimate of Breached Accounts To 3 Billion (engadget.com)
An anonymous reader shares a report from The Wall Street Journal (Warning: source may be paywalled; alternative source): A massive data breach at Yahoo in 2013 was far more extensive than previously disclosed, affecting all of its 3 billion user accounts, new parent company Verizon Communications Inc. said on Tuesday. The figure, which Verizon said was based on new information, is three times the 1 billion accounts Yahoo said were affected when it first disclosed the breach in December 2016. The new disclosure, four months after Verizon completed its acquisition of Yahoo, shows that executives are still coming to grips with the extent of the security problem in what was already the largest hacking incident in history by number of users.
A spokesman for Oath, the new name of Verizon's Yahoo unit, said the company determined last week that the break-in was much worse than thought, after it received new information from outside the company. He declined to elaborate on the source of that information. Compromised customer information included usernames, passwords, and in some cases telephone numbers and dates of birth, the spokesman said.