Wednesday's announcement marks the first criminal charge brought in one of the largest data breaches in history. Ying, the former chief information officer for Equifax's U.S. information-solutions business, used confidential information entrusted to him by the company to determine it had been hacked, according to a separate complaint filed by the Securities and Exchange Commission.
ZDNet adds: According to a Justice Department statement, Ying sent a text message to a colleague two weeks before Equifax revealed the hack, in which he said the breach "sounds bad." Three days later, Ying searched the web to research the effect of Experian's 2015 own breach on its stock price. Later that day, Ying excised all his available stock options.
The company and Elizabeth Holmes have already agreed to settle the charges leveled against them by the SEC. Holmes will have to pay a $500,000 fine and return 18.9 million shares in Theranos that she owned, as well as downgrading her super-majority equity into common stock. The CEO is now barred from serving as the officer or director of a public company for 10 years. In addition, if Theranos is liquidated or acquired, Holmes cannot profit from her remaining shareholding unless $750 million is handed back to defrauded investors. Balwani, on the other hand, is facing a federal court case in the Northern District of California where the SEC will litigate its claims against him. Worth noting: the court still has to approve the deals between Holmes and Theranos, and neither party has admitted any wrongdoing.
Amazon.com Inc. and other online players that have made it easy to return items have changed consumer expectations, adding pressure on brick-and-mortar chains. Some retailers monitor return fraud in-house, but Best Buy and others pay The Retail Equation to track and score each customer's return behavior for both in-store and online purchases. The service also works with Home Depot, J.C. Penney, Sephora and Victoria's Secret. Some retailers use the system only to assess returns made without a receipt. Best Buy uses The Retail Equation to assess all returns, even those made with a receipt.
As part of the class certification process and civil discovery, Microsoft handed over years of records to the plaintiffs' lawyers. In the Monday-released filing, which was originally submitted to the court in October 2017, Moussouris' lawyer, Michael Subit, wrote that "Microsoft's Culture is Rife with Sexual Harassment" before continuing: "Company records indicate that women at Microsoft are sexualized by their male managers and coworkers, leading to a substantial number of incidents of alleged sexual harassment, and even several incidents of sexual assault, that often go unpunished." Specifically, Subit continued, Microsoft's internal unit (known as "ERIT") received 108 complaints of sexual harassment filed by female US-based technical employees, 119 complaints of gender discrimination, eight complaints of retaliation, and three complaints of pregnancy discrimination. Out of all of the claimed instances of gender discrimination, Microsoft's internal investigation only found that one such complaint was "founded."
This story has a grisly twist, though. For Nectome's procedure to work, it's essential that the brain be fresh. The company says its plan is to connect people with terminal illnesses to a heart-lung machine in order to pump its mix of scientific embalming chemicals into the big carotid arteries in their necks while they are still alive (though anesthetized). The company has consulted with lawyers familiar with California's two-year-old End of Life Option Act, which permits doctor-assisted suicide for terminal patients, and believes its service will be legal. The product is "100 percent fatal," says McIntyre. "That is why we are uniquely situated among the Y Combinator companies."
By March 2, the site was back, but the encrypted email provider was none the wiser to the apparent blockade. The company contacted Comcast for answers, but did not receive a reply. When contacted, a Comcast spokesperson couldn't say why the site was blocked -- or even if the internet and cable giant was behind it. According to a spokesperson, engineers investigated the apparent outage but found there was no evidence of a connection breakage between Comcast and Tutanota. The company keeps records of issues that trigger incidents -- but found nothing to suggest an issue. It's not the first time Comcast customers have been blocked from accessing popular sites. Last year, the company purposefully blocked access to internet behemoth Archive.org for more than 13 hours.
"Apple is a very important company in the state of California, and one I have a huge amount of respect for. But the onus is on them to explain why we can't repair our own things and what damage or danger it causes them," Talamantes-Eggman told me in a phone interview. Talamantes-Eggman told me that the bill she plans to introduce will apply to both consumer electronics as well as agricultural equipment such as tractors. Broadly speaking, the electronics industry has decided to go with an "authorized repair" model in which companies pay the original device manufacturer to become authorized to fix devices.
[...] The plaintiffs amended their complaint after Yahoo last October revealed that the 2013 breach affected all 3 billion users, tripling its earlier estimate. Koh said the amended complaint highlighted the importance of security in the plaintiffs' decision to use Yahoo. 'Plaintiffs' allegations are sufficient to show that they would have behaved differently had defendants disclosed the security weaknesses of the Yahoo Mail System," Koh wrote. She also said the plaintiffs could try to show that liability limits in Yahoo's terms of service were "unconscionable," given the allegations that Yahoo knew its security was deficient but did little.
Other companies that have recently purchased Zenbooths include Volkswagen, Lyft, Meetup and Capital One. The Berkeley, Calif., company was launched in 2016, and its products range from $3,995 (for a standard one-person booth) to $15,995 (for a two-person "executive" booth). The one-person booth is a soundproof, eco-friendly, American-made box that's about 36 inches wide and 34 inches deep, with an insulated glass door, a ventilation fan, power outlets and a skylight -- and it can be assembled in roughly an hour. (It does not, however, contain an actual phone.) Sam Johnson, a co-founder of the company, said it produced "hundreds" of Zenbooths a month in 2017. This year, it's on track to quadruple that production. But he doesn't call them phone booths. "We're manufacturing quiet spaces and privacy," he said.
Zenbooth is not the only free-standing office phone booth in the game. Companies like Cubicall, Nomad, and TalkBox, among others, are offering up solutions to the modern office's privacy problem.
To begin with, the threat to Intel's business isn't new; the company has been at risk for more than a decade. By declining Steve Jobs' proposal to make the original iPhone CPU in 2005, Intel missed a huge opportunity. The company's disbelief in Apple's ambitious forecast is belied by the numbers: More than 1.8 billion iOS devices have been sold thus far. Intel passed on the biggest product wave the industry has seen, bigger than the PC. Samsung and now TSMC manufacture iPhone CPUs. Just as important, there are billions of Android-powered machines, as well. One doesn't have to assume 100% share in the smartphone CPU market to see Intel's gigantic loss.