Communications

Verizon Will Fix Broadband Networks, Landlines To Resolve Investigation (vice.com) 74

Joel Hruska reports via ExtremeTech: Verizon has reached an agreement with the Communications Workers of America and the New York State Public Service Commission to begin repairing infrastructure and restoring service across New York State. The agreement requires Verizon to extend broadband service to tens of thousands of New York State households and to begin repairing facilities it has previously neglected. As in Pennsylvania, Verizon has been neglecting its fixed wired infrastructure in its bid to first sabotage copper service, then force customers to adopt alternative solutions. It's also been mired in an ongoing lawsuit with the state of New York over its breach of a 2008 contract requiring it to provide fiber service within New York City.

This new agreement appears to settle these issues, provided it's followed. Under its terms, Verizon will extend fiber to 10,000 to 12,000 households not currently served by it in Long Island and Verizon's "Upstate Reporting Region" (these are Verizon-specific regions, not geographical areas, so "Long Island" may mean more than just the island). It will begin immediately replacing copper lines in certain specific NYC buildings with high failure rates and transitioning them to fiber optic cable, repairing operations within 50 upstate wireless centers with high failure rates, allow plant technicians to report plant failures and maintenance needs more accurately, and begin inspecting and replacing the batteries that provide critical connectivity in the event of a power outage when said batteries are deployed for specific customers (hospitals, police stations, and other emergency facilities). It will also begin removing so-called "double poles." A double pole is when an old telephone pole is stapled (metaphorically speaking) to a newer one. Some examples of a double pole from PA are shown below; Verizon has been hauled into court to force it to do its job in more than one state.

EU

EU Wants To Require Platforms To Filter Uploaded Content (Including Code) (github.com) 110

A new copyright proposal in the EU would require code-sharing platforms like GitHub and SourceForge to monitor all content that users upload for potential copyright infringement. "The proposal is aimed at music and videos on streaming platforms, based on a theory of a 'value gap' between the profits those platforms make from uploaded works and what copyright holders of some uploaded works receive," reports The GitHub Blog. "However, the way it's written captures many other types of content, including code."

Upload filters, also known as "censorship machines," are some of the most controversial elements of the copyright proposal, raising a number of concerns including: -Privacy: Upload filters are a form of surveillance, effectively a "general monitoring obligation" prohibited by EU law
-Free speech: Requiring platforms to monitor content contradicts intermediary liability protections in EU law and creates incentives to remove content
-Ineffectiveness: Content detection tools are flawed (generate false positives, don't fit all kinds of content) and overly burdensome, especially for small and medium-sized businesses that might not be able to afford them or the resulting litigation
Upload filters are especially concerning for software developers given that: -Software developers create copyrightable works -- their code -- and those who choose an open source license want to allow that code to be shared
-False positives (and negatives) are especially likely for software code because code often has many contributors and layers, often with different licensing for different components
-Requiring code-hosting platforms to scan and automatically remove content could drastically impact software developers when their dependencies are removed due to false positives
The EU Parliament continues to introduce new proposals for Article 13 but these issues remain. MEP Julia Reda explains further in a recent proposal from Parliament.
United States

US Says Russia Hacked Energy Grid, Punishes 19 for Meddling (apnews.com) 229

Associated Press: Pushing back harder on Russia, the Trump administration accused Moscow on Thursday of a concerted hacking operation targeting the U.S. energy grid, aviation systems and other infrastructure, and also imposed sanctions on Russians for alleged interference in the 2016 election. It was the strongest action to date against Russia by the administration, which has long been accused of being too soft on the Kremlin, and the first punishments for election meddling since President Donald Trump took office. The sanctions list included the 13 Russians indicted last month by special counsel Robert Mueller, whose Russia investigation the president has repeatedly sought to discredit. U.S. national security officials said the FBI, Department of Homeland Security and intelligence agencies had determined that Russian intelligence and others were behind a broad range of cyberattacks beginning a year ago that have infiltrated the energy, nuclear, commercial, water, aviation and manufacturing sectors. Further reading: Russian Government Cyber Activity Targeting Energy and Other Critical Infrastructure Sectors (US-Cert); U.S. blames Russia for cyber attacks on energy grid, other sectors (Reuters); U.S. says Russian hackers targeted American energy grid (Politico); Trump administration finally announces Russia sanctions over election meddling (CNN); U.S. sanctions on Russia cite 2016 election interference -- but remain largely symbolic (USA Today); U.S. Sanctions Russians Charged by Mueller for Election Meddling (Bloomberg); and Trump Administration Sanctions Russians for Election Meddling and Cyberattacks (The New York Times).
Businesses

Largest US Radio Company iHeartMedia Files For Bankruptcy (reuters.com) 159

The largest U.S. radio station owner, iHeartMedia, has filed for Chapter 11 bankruptcy as it "struggles with $20 billion in debt and falling revenue at its 858 radio stations," reports Reuters. The company has reportedly reached an agreement with holders of more than $10 billion of its outstanding debt for a balance sheet restructuring, which will reduce its debt by more than $10 billion. From the report: Cash on hand and cash generated from ongoing operations will be sufficient to fund the business during the bankruptcy process, said iHeartMedia, which owns Z100 in New York and Real 103.5 KISS FM in Chicago. The filing comes after John Malone's Liberty Media Corp proposed on Feb. 26 a deal to buy a 40 percent stake in a restructured iHeartMedia for $1.16 billion, uniting the company with Liberty's Sirius XM Holdings Inc satellite radio service. Clear Channel Outdoor Holdings Inc, a subsidiary of iHeartMedia, and its units did not commence Chapter 11 proceedings. The company had 14,300 employees at the end of 2016, according to its most recent annual report.
Security

Can AMD Vulnerabilities Be Used To Game the Stock Market? (vice.com) 106

Earlier this week, a little-known security firm called CTS Labs reported, what it claimed to be, severe vulnerabilities and backdoors in some AMD processors. While AMD looks into the matter, the story behind the researchers' discovery and the way they made it public has become a talking point in security circles. The researchers, who work for CTS Labs, only reported the flaws to AMD shortly before publishing their report online. Typically, researchers give companies a few weeks or even months to fix the issues before going public with their findings. To make things even stranger, a little bit over 30 minutes after CTS Labs published its report, a controversial financial firm called Viceroy Research published what they called an "obituary" for AMD. Motherboard reports: "We believe AMD is worth $0.00 and will have no choice but to file for Chapter 11 (Bankruptcy) in order to effectively deal with the repercussions of recent discoveries," Viceroy wrote in its report. CTS Labs seemed to hint that it too had a financial interest in the performance of AMD stock. "We may have, either directly or indirectly, an economic interest in the performance of the securities of the companies whose products are the subject of our reports," CTS Labs wrote in the legal disclaimer section of its report.

On Twitter, rumors started to swirl. Are the researchers trying to make money by betting that AMD's share price will go down due to the news of the vulnerabilities? Or, in Wall Street jargon, were CTS Labs and Viceroy trying to short sell AMD stock? Security researcher Arrigo Triulzi speculated that Viceroy and CTS Lab were profit sharing for shorting, while Facebook's chief security officer Alex Stamos warned against a future where security research is driven by short selling.

[...] There's no evidence that CTS Labs worked with Viceroy to short AMD. But something like that has happened before. In 2016, security research firm MedSec found vulnerabilities in pacemakers made by St. Jude Medical. In what was likely a first, MedSec partnered with hedge fund Muddy Waters to bet against St. Jude Medical's stock. For Adrian Sanabria, director of research at security firm Threatcare and a former analyst at 451 Research, where he covered the cybersecurity industry, trying to short based on vulnerabilities just doesn't make much sense. While it could work in theory and could become more common in the future, he said in a phone call, "I don't think we've seen enough evidence of security vulnerabilities really moving the stock for it to really become an issue."
Further reading: Linus Torvalds slams CTS Labs over AMD vulnerability report (ZDNet).
Businesses

How Amazon Became Corporate America's Nightmare (bloomberg.com) 243

Zorro shares a report from Bloomberg that details Amazon's rapid growth in the last three years: Amazon makes no sense. It's the most befuddling, illogically sprawling, and -- to a growing sea of competitors -- flat-out terrifying company in the world. It sells soap and produces televised soap operas. It sells complex computing horsepower to the U.S. government and will dispatch a courier to deliver cold medicine on Christmas Eve. It's the third-most-valuable company on Earth, with smaller annual profits than Southwest Airlines Co., which as of this writing ranks 426th. Chief Executive Officer Jeff Bezos is the world's richest person, his fortune built on labor conditions that critics say resemble a Dickens novel with robots, yet he has enough mainstream appeal to play himself in a Super Bowl commercial. Amazon was born in cyberspace, but it occupies warehouses, grocery stores, and other physical real estate equivalent to 90 Empire State Buildings, with a little left over. The company has grown so large and difficult to comprehend that it's worth taking stock of why and how it's left corporate America so thoroughly freaked out. Executives at the biggest U.S. companies mentioned Amazon thousands of times during investor calls last year, according to transcripts -- more than President Trump and almost as often as taxes. Other companies become verbs because of their products: to Google or to Xerox. Amazon became a verb because of the damage it can inflict on other companies. To be Amazoned means to have your business crushed because the company got into your industry. And fear of being Amazoned has become such a defining feature of commerce, it's easy to forget the phenomenon has arisen mostly in about three years.

Slashdot Top Deals