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Author Archives: Bloomberg

Equifax Failed to Match Security to Its Growth, Report Says

Posted on December 11, 2018 by Bloomberg

Equifax Inc. failed to modernize its technology security to match the company’s aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the information of 148 million people, according to a House… Continue reading Equifax Failed to Match Security to Its Growth, Report Says→

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Google Chief Stresses American Roots in Debut Before Congress

Posted on December 11, 2018 by Bloomberg

Google Chief Executive Officer Sundar Pichai kicked off his first appearance before Congress Tuesday stressing the company’s American roots as lawmakers from both parties criticized the world’s largest search engine over issues including political bias… Continue reading Google Chief Stresses American Roots in Debut Before Congress→

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Huawei Is Said to Plan $2 Billion Cybersecurity Reboot

Posted on December 7, 2018 by Bloomberg

The pledge comes at a critical moment for Huawei’s ambitions in Europe, its second-biggest market outside of Asia. European phone companies are getting ready to order tens of billions of euros worth of equipment for fifth-generation wireless networks a… Continue reading Huawei Is Said to Plan $2 Billion Cybersecurity Reboot→

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Microsoft Calls for Laws to Prevent Bias in Facial Recognition AI

Posted on December 7, 2018 by Bloomberg

Microsoft thinks current facial recognition technology increases the risk of biased outcomes, can lead to new intrusions into privacy and can encroach on democratic freedoms if used for mass government surveillance. Continue reading Microsoft Calls for Laws to Prevent Bias in Facial Recognition AI→

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Marriott CFO Calls $1 Billion Estimate on Cyber Breach Premature

Posted on December 7, 2018 by Bloomberg

The company could face $200 million in fines and litigation expenses, and could spend about $1 per customer notifying victims and providing free data monitoring services, according to a note last week from Morgan Stanley. Continue reading Marriott CFO Calls $1 Billion Estimate on Cyber Breach Premature→

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Facebook Wielded User Data to Reward, Punish Rivals, Emails Show

Posted on December 6, 2018 by Bloomberg

Facebook Inc. wielded user data like a bargaining chip, providing access when that sharing might encourage people to spend more time on the social network — and imposing strict limits on partners in cases where it saw a potential competitive threat, e… Continue reading Facebook Wielded User Data to Reward, Punish Rivals, Emails Show→

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Googlers Write to CEO Demanding Equal Treatment for Contractors

Posted on December 5, 2018 by Bloomberg

Last month, Alphabet Inc. overhauled the way it handles allegations of sexual harassment and assault, but the updated policies largely left out temporary, vendor and contract workers. On Wednesday, a group of full-time and contract workers sent a lette… Continue reading Googlers Write to CEO Demanding Equal Treatment for Contractors→

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House Republican Campaign Committee Tells FBI It Was Hacked

Posted on December 5, 2018 by Bloomberg

“The NRCC can confirm that it was the victim of a cyber intrusion by an unknown entity,” Ian Prior, a spokesman for the group, said in an email Tuesday. “The cybersecurity of the committee’s data is paramount, and upon learning of the intrusion, the NR… Continue reading House Republican Campaign Committee Tells FBI It Was Hacked→

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Microsoft Boosts Rural Broadband Efforts to Reach More Users

Posted on December 5, 2018 by Bloomberg

The Microsoft Airband Initiative will now be in 25 states by this time next year, more than doubling the program’s original reach and adding states including California, Indiana, Mississippi, Oklahoma and West Virginia. The company, the world’s largest… Continue reading Microsoft Boosts Rural Broadband Efforts to Reach More Users→

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Would-Be Unicorn Seeks to Undercut Banks With Secure Cloud

Posted on December 4, 2018 by Bloomberg

A financial newcomer wants to become a unicorn by providing faster and cheaper ways of processing credit card transactions. There’s just one catch: it needs to persuade security-conscious clients to let their financial data be handled by a cloud servic… Continue reading Would-Be Unicorn Seeks to Undercut Banks With Secure Cloud→

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