UK business department says a quarter of its staff is working on Brexit

Around a quarter of staff at Britain’s business department are working on the country’s exit from the European Union, the department said in response to a Freedom of Information request. Under the Freedom of Information law, Reuters asked several key government departments, including the finance ministry, interior ministry and revenue and customs ministry, how many of their staff were working on preparations for a no-deal exit. The Department for Business, Energy and Industrial Strategy however


Around a quarter of staff at Britain’s business department are working on the country’s exit from the European Union, the department said in response to a Freedom of Information request. Under the Freedom of Information law, Reuters asked several key government departments, including the finance ministry, interior ministry and revenue and customs ministry, how many of their staff were working on preparations for a no-deal exit. The Department for Business, Energy and Industrial Strategy however
UK business department says a quarter of its staff is working on Brexit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, brexit, deal, quarter, preparations, working, johnson, staff, information, business, law, ministry, department


UK business department says a quarter of its staff is working on Brexit

Demonstrators take part in a protest aimed at showing London’s solidarity with the European Union following the recent EU referendum, inTrafalgar Square, central London, Britain June 28, 2016.

Around a quarter of staff at Britain’s business department are working on the country’s exit from the European Union, the department said in response to a Freedom of Information request.

More than three years after Britons voted for Brexit in a 2016 referendum, huge amounts of government time and money are being devoted to the country’s preparations to leave the bloc, its most significant policy shift in decades.

Prime Minister Boris Johnson has vowed to deliver Britain’s departure on Oct. 31, with or without a deal, and his government has ramped up preparations for a no-deal departure.

If and when Britain’s exit happens remains uncertain however, after parliament passed a law which would force Johnson to seek a delay if there is no exit deal in place.

Under the Freedom of Information law, Reuters asked several key government departments, including the finance ministry, interior ministry and revenue and customs ministry, how many of their staff were working on preparations for a no-deal exit.

Most responded either to say the cost of providing such information would be greater than the limit provided for under the law, or that they did not have a breakdown between staff working on different Brexit outcomes.

The Department for Business, Energy and Industrial Strategy however said it had around 1,000 full-time equivalent staff working on a range of Brexit-related matters, roughly a quarter of its 4,065 full-time equivalent staff.

It said these staff were already in place before Johnson took office.

The finance ministry said it is and has been increasing the number of its staff who are working on preparations for a no deal, but did not give a number.

The Department for Transport said around 290 of its 2,731 full time equivalent staff were working on Brexit.

With Brexit dominating the political agenda, some have warned domestic priorities have fallen by the wayside.

The Institute for Government think-tank said earlier this year that the reprioritisation of civil servants onto Brexit work had impacted the government’s ability to deliver on flagship policies such as reforming the health service and tackling domestic abuse.

“The situation is not going to improve any time soon: if a Brexit deal is agreed, the civil service will have to continue working at full tilt to negotiate and implement the detail of the future UK-EU relationship,” it said.

“If there is no deal, the foreseeable future will be a case of all hands on deck to minimise disruption and mitigate any impacts to the UK’s security and economy.”


Company: cnbc, Activity: cnbc, Date: 2019-09-10
Keywords: news, cnbc, companies, brexit, deal, quarter, preparations, working, johnson, staff, information, business, law, ministry, department


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YouTube will pay $170 million to settle claims it violated child privacy laws

Google’s YouTube will pay $170 million to settle allegations by the Federal Trade Commission and the New York attorney general that it earned millions by illegally collecting personal information from children without their parents’ consent. The settlement requires Google and YouTube to pay $136 million to the FTC and $34 million to New York for allegedly violating the Children’s Online Privacy Protection Act. “YouTube touted its popularity with children to prospective corporate clients,” wrote


Google’s YouTube will pay $170 million to settle allegations by the Federal Trade Commission and the New York attorney general that it earned millions by illegally collecting personal information from children without their parents’ consent. The settlement requires Google and YouTube to pay $136 million to the FTC and $34 million to New York for allegedly violating the Children’s Online Privacy Protection Act. “YouTube touted its popularity with children to prospective corporate clients,” wrote
YouTube will pay $170 million to settle claims it violated child privacy laws Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: jennifer elias lauren feiner, jennifer elias, lauren feiner
Keywords: news, cnbc, companies, child, privacy, children, data, million, content, requires, settle, platform, coppa, 170, settlement, youtube, claims, information, laws, pay, violated


YouTube will pay $170 million to settle claims it violated child privacy laws

Google’s YouTube will pay $170 million to settle allegations by the Federal Trade Commission and the New York attorney general that it earned millions by illegally collecting personal information from children without their parents’ consent.

The settlement, announced Wednesday, was passed in a 3-2 vote by the commissioners along party lines. The two Democrats voted against it, saying it did not go far enough to punish YouTube.

Shares of Google parent company Alphabet were up more than 1% Wednesday afternoon.

The settlement requires Google and YouTube to pay $136 million to the FTC and $34 million to New York for allegedly violating the Children’s Online Privacy Protection Act. The $136 million penalty is the largest amount the FTC has ever obtained in a COPPA case since Congress enacted the law in 1998, according to the agency.

“YouTube touted its popularity with children to prospective corporate clients,” wrote FTC Chairman Joe Simons, who voted in favor of the settlement. “Yet when it came to complying with COPPA, the company refused to acknowledge that portions of its platform were clearly directed to kids. There’s no excuse for YouTube’s violations of the law.”

The COPPA rule requires child-directed sites to disclose data practices and get parental consent for collecting information on children under age 13. The complaint alleged that YouTube collected personal information from “viewers of child-directed channels” without parental consent using cookies, which track user behavior across the internet.

“Google and YouTube knowingly and illegally monitored, tracked, and served targeted ads to young children just to keep advertising dollars rolling in,” New York Attorney General Letitia James said in a statement following the announcement. “These companies put children at risk and abused their power, which is why we are imposing major reforms to their practices and making them pay one of the largest settlements for a privacy matter in U.S. history.”

YouTube marketed itself to Mattel and Hasbro as the “leader” in reaching children ages 6-11, the ruling found. Yet, in one instance, the company told an advertising company that it did not have users younger than 13 on its platform and therefore channels on its platform did not need to comply with COPPA.

In a blog post Wednesday, YouTube said it is taking steps to address the concerns raised over its practices.

“From its earliest days, YouTube has been a site for people over 13, but with a boom in family content and the rise of shared devices, the likelihood of children watching without supervision has increased,” it said. In four months, YouTube added, it will restrict data collection on videos directed at children to “treat data from anyone watching children’s content on YouTube as coming from a child, regardless of the age of the user.”

YouTube said it will completely stop serving personalized ads on child-focused content and will disable comments and notifications on those videos as well. Creators will be responsible for identifying whether their content is made for kids, but YouTube said it will also use machine learning “to find videos that clearly target young audiences.”

In its post, YouTube recommended parents use its separate app, YouTube Kids, to let children under 13 watch on their own. YouTube said it will be promoting the app more heavily across its services and is creating a $100 million fund to be disbursed over three years to create new children’s content on both YouTube and YouTube Kids.

In addition to the penalty, the settlement requires Google and YouTube to “develop, implement, and maintain a system that permits channel owners to identify their child-directed content on the YouTube platform” so that YouTube can ensure it is complying with COPPA. It also requires them to provide notice about their data collection practices and “obtain verifiable parental consent” before collecting personal information from children.


Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: jennifer elias lauren feiner, jennifer elias, lauren feiner
Keywords: news, cnbc, companies, child, privacy, children, data, million, content, requires, settle, platform, coppa, 170, settlement, youtube, claims, information, laws, pay, violated


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FTC official: I understand concern over YouTube settlement, but believe it’s appropriate

Federal Trade Commission Director of Bureau of Consumer Protection, Andrew Smith, speak at a press conference on Sept. 4, 2019, at the FTC headquarters in Washington, DC. Andrew Smith, an official at the Federal Trade Commission, told CNBC on Wednesday that while he can understand disappointment over the size of YouTube’s settlement with the agency, he’s confident it was the right amount. “For the third time since 2011, the Federal Trade Commission is sanctioning Google for privacy violations,”


Federal Trade Commission Director of Bureau of Consumer Protection, Andrew Smith, speak at a press conference on Sept. 4, 2019, at the FTC headquarters in Washington, DC. Andrew Smith, an official at the Federal Trade Commission, told CNBC on Wednesday that while he can understand disappointment over the size of YouTube’s settlement with the agency, he’s confident it was the right amount. “For the third time since 2011, the Federal Trade Commission is sanctioning Google for privacy violations,”
FTC official: I understand concern over YouTube settlement, but believe it’s appropriate Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, smith, trade, information, ftc, concern, fine, federal, believe, official, understand, youtube, content, appropriate, company, settlement, protection


FTC official: I understand concern over YouTube settlement, but believe it's appropriate

Federal Trade Commission Director of Bureau of Consumer Protection, Andrew Smith, speak at a press conference on Sept. 4, 2019, at the FTC headquarters in Washington, DC.

Andrew Smith, an official at the Federal Trade Commission, told CNBC on Wednesday that while he can understand disappointment over the size of YouTube’s settlement with the agency, he’s confident it was the right amount.

Earlier in the day, the FTC announced that Google’s YouTube will pay a $170 million fine to settle a complaint that it earned millions by illegally collecting personal information from children without a guardian’s consent.

“I think it’s a penalty that sends a strong message to the marketplace,” said Smith, director of the FTC’s Bureau of Consumer Protection. “I have to respectfully disagree with the detractors. This is a historic fine by anybody’s standards.”

Google’s parent company, Alphabet, reported second quarter earnings in July that placed the company’s revenue at $38.94 billion.

Two Democrats voted against the measure, wanting to further punish the social media giant.

“For the third time since 2011, the Federal Trade Commission is sanctioning Google for privacy violations,” FTC Commissioner Rohit Chopra said in a dissenting statement. “This latest violation is extremely serious. The company baited children using nursery rhymes, cartoons and other kid-directed content on curated YouTube channels to feed its massively profitable behavioral advertising business.”

Chopra, joined by fellow Democratic Commissioner Rebecca Kelly Slaughter, voted against the settlement. And while Smith said he appreciates their concerns, he said the company and the marketplace will have “the guidance it needs.”

“We’re not taking Google’s word for anything,” Smith added.

Along with the fine, Google and YouTube have to “develop, implement, and maintain a system that permits channel owners to identify their child-directed content on the YouTube platform” so that YouTube can ensure it is complying with the Children’s Online Privacy Protection Act, which it was accused of violating. It must also provide information about its data collection practices and obtain parental consent before collecting personal information from children.

YouTube on Wednesday said it is taking steps to address concerns raised over its practices and will stop personalizing ads to children.

“From its earliest days, YouTube has been a site for people over 13, but with a boom in family content and the rise of shared devices, the likelihood of children watching without supervision has increased,” the company said in a blog post.


Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, smith, trade, information, ftc, concern, fine, federal, believe, official, understand, youtube, content, appropriate, company, settlement, protection


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How to use Twitter to get investing tips from Wall Street’s wisest

Earlier this year (to be exact, March 21, 2019) Twitter officially became a teenager. But you don’t need to be an owner of Twitter shares to generate investing value from its business. The social media company has become a go-to forum for Wall Street’s wisest, from banking elites to hedge fund billionaires and financial advisors, all of whom freely share their views on the markets and investing. FinTwit, which stands for financial Twitter, is an online community that primarily uses the social ne


Earlier this year (to be exact, March 21, 2019) Twitter officially became a teenager. But you don’t need to be an owner of Twitter shares to generate investing value from its business. The social media company has become a go-to forum for Wall Street’s wisest, from banking elites to hedge fund billionaires and financial advisors, all of whom freely share their views on the markets and investing. FinTwit, which stands for financial Twitter, is an online community that primarily uses the social ne
How to use Twitter to get investing tips from Wall Street’s wisest Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: aj horch, josh brown
Keywords: news, cnbc, companies, money, wisest, wall, streets, market, wealth, tips, investing, policar, information, fintwit, financial, follow, twitter


How to use Twitter to get investing tips from Wall Street's wisest

Earlier this year (to be exact, March 21, 2019) Twitter officially became a teenager. Conceived as a way to share text messages with friends, Twitter has evolved into a global networking, information and marketing platform now valued by stock market investors at over $32 billion. But you don’t need to be an owner of Twitter shares to generate investing value from its business. The social media company has become a go-to forum for Wall Street’s wisest, from banking elites to hedge fund billionaires and financial advisors, all of whom freely share their views on the markets and investing. If you actively manage your money in the market — or just want to increase your financial literacy — Twitter is a free resource to follow leading money minds, and even interact with them. FinTwit, which stands for financial Twitter, is an online community that primarily uses the social network to discuss investing. “We’re sharing information and content that can actually be used to help make great decisions when it comes to your money,” said Douglas Boneparth, president of New York City-based financial planning firm Bone Fide Wealth. Boneparth suggests getting involved (not through a hashtag) by following some of Fintwit leaders. CNBC’s own Josh Brown, who has dubbed himself “The Chairman of the Twitter Federal Reserve” said in a magazine profile about the rise of Fintwit, “Where else can an average investor log onto a website and communicate directly with Mohamed El-Erian (chief economic adviser at Allianz)?” He also is a former CEO from bond investing giant PIMCO.

Chairman of the Twitter Federal Reserve CNBC

If you use a financial advisor, there’s a chance they already are on Fintwit learning, too. Michael Policar, a Washington State-based wealth manager with HighTower Bellevue, recently documented his experience being on FinTwit after a year and was astonished at the value of the back-and-forth banter. “The information shared between members and then debated, seems like it would suffice for post-graduate education,” Policar wrote in a LinkedIn post. It is not just the tweets: Policar credits FinTwit with guiding him to free access to numerous blogs, podcasts and newsletters that increase his knowledge and network. After you’ve followed a few of FinTwit’s leading voices consider going through their profile to see who they follow. Many of them follow parody accounts. These accounts may not offer personal finance advice, but will certainly offer entertaining and satirical takes on market activity.

Follow the right people


Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: aj horch, josh brown
Keywords: news, cnbc, companies, money, wisest, wall, streets, market, wealth, tips, investing, policar, information, fintwit, financial, follow, twitter


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As the school year begins, beware of hackers

Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. “It’s personal information, health information, financial information — it’s a microcosm of someone’s life.” Thousands of students’ private information was exposed when education software company Pearson experienced a cyberattack in July. Regis University in Colorado recently shut down its phones, emails and website following an “external malicious threa


Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud. “It’s personal information, health information, financial information — it’s a microcosm of someone’s life.” Thousands of students’ private information was exposed when education software company Pearson experienced a cyberattack in July. Regis University in Colorado recently shut down its phones, emails and website following an “external malicious threa
As the school year begins, beware of hackers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-29  Authors: annie nova
Keywords: news, cnbc, companies, information, school, private, security, mimecast, threat, malicious, begins, beware, students, emails, hackers, personal


As the school year begins, beware of hackers

Hackers are increasingly targeting the education industry, leaving students’ information vulnerable to identity theft and other types of fraud.

Colleges, training providers and other private educational companies received more malicious emails than any other sector in the first quarter of 2019, according to Mimecast, an email and data security company.

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“Education information is really sensitive, nice information for hackers to have,” said Michael Madon, senior vice president of threat intelligence at Mimecast. “It’s personal information, health information, financial information — it’s a microcosm of someone’s life.”

Thousands of students’ private information was exposed when education software company Pearson experienced a cyberattack in July. Regis University in Colorado recently shut down its phones, emails and website following an “external malicious threat. ” Hackers in July disabled the technology systems at Monroe College in New York and demanded $2 million in bitcoin.

One survey found that half of education-vendor websites lack adequate security measures.


Company: cnbc, Activity: cnbc, Date: 2019-08-29  Authors: annie nova
Keywords: news, cnbc, companies, information, school, private, security, mimecast, threat, malicious, begins, beware, students, emails, hackers, personal


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Google bans political discussion on internal mailing lists

The rules also discourage Google employees from engaging in a “raging debate over politics or the latest news story” and to avoid conversations that are generally disruptive. “Community guidelines exist to support the healthy and open discussion that has always been a part of our culture. As part of the move, Google is also making changes to how it moderates discourse and enforces the new community guidelines on internal forums and mailing lists. The new policies are a stark diversion from the i


The rules also discourage Google employees from engaging in a “raging debate over politics or the latest news story” and to avoid conversations that are generally disruptive. “Community guidelines exist to support the healthy and open discussion that has always been a part of our culture. As part of the move, Google is also making changes to how it moderates discourse and enforces the new community guidelines on internal forums and mailing lists. The new policies are a stark diversion from the i
Google bans political discussion on internal mailing lists Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, employees, company, internal, policies, mailing, googles, culture, community, discussion, political, guidelines, lists, statements, information, google, bans


Google bans political discussion on internal mailing lists

Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019.

Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.

Employees are now barred from making statements that “insult, demean, or humiliate” other employees, the company’s extended workforce, business partners or others. The rules also discourage Google employees from engaging in a “raging debate over politics or the latest news story” and to avoid conversations that are generally disruptive.

“Our primarily responsibility is to do the work we’ve each been hired to do, not to spend working time on debates about non-work topics,” the policy states.

The rules explicitly discourage workers from talking about politics on Google’s internal mailing lists and forums.

“Community guidelines exist to support the healthy and open discussion that has always been a part of our culture. They help create an environment where we can come together as a community in pursuit of our shared mission and serve our users,” a Google spokesperson said in a statement.

“Working at Google comes with tremendous responsibility. Billions of people rely on us every day for high-quality, reliable information. It’s critical that we honor that trust and uphold the integrity of our products and services. The guidelines are official policy and apply when employees are communicating in the workplace. ”

As part of the move, Google is also making changes to how it moderates discourse and enforces the new community guidelines on internal forums and mailing lists.

It’s rolling out a “central flagging tool” that lets employees report content that may violate Google’s rules and putting in place a new team of community managers that can review those flagged posts, a Google spokesperson said. Moderators will first try to educate employees on why they may have violated the rules, but can also enforce disciplinary actions where they see fit.

The new policies are a stark diversion from the internal culture Google has become known for. The company has traditionally fostered a culture of free speech and debate inside the company, with employees often getting into heated conversations about political and social issues.

This has led to extensive turmoil inside the company over what the limits of employee free speech should be. Many current and former Google employees have spoken out publicly about the issue.

Earlier this month, former Google engineer Kevin Cernekee claimed he was fired for being an outspoken conservative and alleged that Google fosters a culture of politically biased bullying. In 2017, James Damore, a former Google engineer, also claimed the company discriminated against him and others for having conservative views.

Last year, a group of liberal employees organized walkout protests for policies against sexual harassment. One of the employees who led the movement and later left the company alleged continued retaliation from Google’s top brass.

Google has also faced heightened scrutiny from President Donald Trump and some Republican lawmakers who have accused the company of anti-conservative bias.

Another section of the guidelines encourages Google employees to be careful when discussing company activities publicly, instructing workers to not make false or misleading statements about Google products or businesses that could “undermine trust” in the company.

Read Google’s new community guidelines in full below:

Community guidelines exist to support the healthy and open discussion that has always been a part of our culture. They help create an environment where we can come together as a community in pursuit of our shared mission and serve our users. Working at Google comes with tremendous responsibility. Billions of people rely on us every day for high-quality, reliable information. It’s critical that we honor that trust and uphold the integrity of our products and services. The following guidelines are official policy and apply when you’re communicating in the workplace. Here are some key things to remember as you communicate: Be responsible. What you say and do matters. You’re responsible for your words and actions and you’ll be held accountable for them.

What you say and do matters. You’re responsible for your words and actions and you’ll be held accountable for them. Be helpful. Your voice is your contribution — make it productive.

Your voice is your contribution — make it productive. Be thoughtful. Your statements can be attributed to Google regardless of your intent, and you should be thoughtful about making statements that could cause others to make incorrect assumptions. 1. When communicating, follow the three Google Values. Respect the user, respect the opportunity, respect each other. Our Values govern how we conduct ourselves in the pursuit of our mission. We each need to own them personally; we all need to own them collectively. 2. Do your part to keep Google a safe, productive, and inclusive environment for everyone. While sharing information and ideas with colleagues helps build community, disrupting the workday to have a raging debate over politics or the latest news story does not. Our primary responsibility is to do the work we’ve each been hired to do, not to spend working time on debates about non-work topics. Avoid conversations that are disruptive to the workplace or otherwise violate Google’s workplace policies. Managers are expected to address discussions that violate those rules. 3. Discussions that make other Googlers feel like they don’t belong have no place here. Don’t troll, name call, or engage in ad hominem attacks–about anyone. This includes making statements that insult, demean, or humiliate (whether individually or by reference to groups) other employees, our extended workforce, our business partners, or others (including public figures), or that violate other standards of conduct or policies against harassment and bullying. 4. You are responsible for your words and your reach. What you say and do matters and can have lasting impact. Be respectful in your comments about (and to) your fellow Googlers. As a Googler, your comments–wherever you make them–can have a serious impact on other Googlers, yourself and our company. We’re all free to raise concerns and respectfully question and debate the company’s activities–that’s part of our culture. Be sure to speak with good information. Don’t assume you have the full story, and take care not to make false or misleading statements about Google’s products or business that could undermine trust in our products and the work that we do. 5. Treat our data with care. Keep in mind that our communications can be rapidly and broadly disseminated. Do not access, disclose, or disseminate Need-to-Know or Confidential information in violation of our Data Security Policy. You are responsible for adhering to these guidelines, our Code of Conduct, and other workplace policies. If discussions or behavior don’t align with this policy, managers and discussion owners/moderators are expected to intervene. If necessary we will remove particular discussion forums, revoke commenting, viewing, or posting privileges, or take disciplinary action. Subject to local laws and policies, Googlers and our extended workforce may communicate about pay, hours, other work terms and conditions, or about any violation of law, although they may not publicly disclose confidential information other than as provided by law.

Correction: This story has been updated with the correct year former Google engineer James Damore claimed he was fired for his conservative views.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, employees, company, internal, policies, mailing, googles, culture, community, discussion, political, guidelines, lists, statements, information, google, bans


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The head of security for cryptocurrency exchange Coinbase describes his biggest challenge: Education

Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe. But at a typical bank, cryptography is often limited to two basic categories: masking personal information, like Social Security numbers, and ensuring websites are secured. What that means is that you can’t revoke a cryptocurrency key, if that key is lost, compromised, there is no abili


Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe. But at a typical bank, cryptography is often limited to two basic categories: masking personal information, like Social Security numbers, and ensuring websites are secured. What that means is that you can’t revoke a cryptocurrency key, if that key is lost, compromised, there is no abili
The head of security for cryptocurrency exchange Coinbase describes his biggest challenge: Education Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-18  Authors: kate fazzini
Keywords: news, cnbc, companies, key, keys, encryption, head, way, challenge, biggest, exchange, describes, coinbase, cryptocurrency, information, social, martin, security, education, transactions


The head of security for cryptocurrency exchange Coinbase describes his biggest challenge: Education

Coinbase security chief Philip Martin has a big challenge: Explaining the fundamentals of security to customers whose financial worth absolutely depends on remembering their passwords and keeping their keys safe.

“We have the problem of a global cryptocurrency company figuring out how to talk about security, in a way that plays in Japan in San Francisco and in Europe, and across the age divide, in a way that actually resonates to the people we’re talking to,” he said.

Coinbase is one of the largest cryptocurrency trading and payment platforms, most recently valued at around $8 billion, and supports more than a quarter million bitcoin transactions per day.

Financial companies have to deal with encryption as part of the day-to-day security duties. But at a typical bank, cryptography is often limited to two basic categories: masking personal information, like Social Security numbers, and ensuring websites are secured. But cryptocurrency wallets are different, because encryption plays such a fundamental role. This is new to a lot of consumers working with Bitcoin for the first time, Martin said.

“We deal with long-lived keys that we generate that live for a very long time, that are the direct controller of liquid value,” said Martin, who previously served as an information security lead at Palantir Technologies and in U.S. Army counterintelligence.

“Possession of a key is possession of your currency. What that means is that you can’t revoke a cryptocurrency key, if that key is lost, compromised, there is no ability to get [the value] back.”

This makes the stakes of theft of encrypted data more severe, than, say, the theft of encrypted social security data at a financial institutions, he explained. “The consequences of loss are much higher.” It also means attackers are much more aggressive about gaining access to that encryption, he said.

Those high consequences mean Coinbase’s security organization must help contribute to a broad communication plan to customers, that helps explain clearly how to handle their keys, passwords and other important information for securing their accounts.

For those new to cryptocurrency, “a lot of work is going to how do I interact with the ecosystem? How do I act differently here than if I am protecting my social media account?” he said.

Traditional banks have an advantage, he added, in that “transactions in the traditional fiat system are reversible,” whereas transactions via blockchain are by and large irrevocable. Banks might have more problems with wire fraud involving CEO impersonation, but cryptocurrency users are often subject to cold-call “tech support” scams, he said, in which a criminal calls a customer to convince them to give up valuable security information, starting with “I’m here to help you with your coinbase account problem.”


Company: cnbc, Activity: cnbc, Date: 2019-08-18  Authors: kate fazzini
Keywords: news, cnbc, companies, key, keys, encryption, head, way, challenge, biggest, exchange, describes, coinbase, cryptocurrency, information, social, martin, security, education, transactions


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Facebook’s Instagram boots ad partner, saying it improperly collected and stored info about users

As reported by Business Insider, Hyp3r created tools that allowed it to collect public Instagram data, including user posts, profile information and locations they visited. Among other information, Hyp3r collected and stored data from Instagram Stories, which disappear after 24 hours and are not accessible through tools Instagram makes available to third parties. We’ve also made a product change that should help prevent other companies from scraping public location pages in this way.” Moving for


As reported by Business Insider, Hyp3r created tools that allowed it to collect public Instagram data, including user posts, profile information and locations they visited. Among other information, Hyp3r collected and stored data from Instagram Stories, which disappear after 24 hours and are not accessible through tools Instagram makes available to third parties. We’ve also made a product change that should help prevent other companies from scraping public location pages in this way.” Moving for
Facebook’s Instagram boots ad partner, saying it improperly collected and stored info about users Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: salvador rodriguez
Keywords: news, cnbc, companies, facebook, saying, public, facebooks, partner, improperly, stored, pages, location, info, boots, data, hyp3r, users, instagram, information, weve, collected


Facebook's Instagram boots ad partner, saying it improperly collected and stored info about users

Facebook-owned Instagram on Wednesday sent a cease and desist letter to Hyp3r, a San Francisco marketing startup that was found to be improperly collecting data from users.

As reported by Business Insider, Hyp3r created tools that allowed it to collect public Instagram data, including user posts, profile information and locations they visited. That data could then be used by Hyp3r’s clients to target people with ads, the report says. Among other information, Hyp3r collected and stored data from Instagram Stories, which disappear after 24 hours and are not accessible through tools Instagram makes available to third parties.

“Hyp3r’s actions were not sanctioned and violate our policies,” an Instagram spokesperson told CNBC. “As a result, we’ve removed them from our platform. We’ve also made a product change that should help prevent other companies from scraping public location pages in this way.”

Hyp3r was exploiting an Instagram feature that allowed anybody to see information on public Location pages, even if they weren’t logged into Instagram at the time. Instagram did this in part to showcase material on the service and ensure that it showed up in Google search results. Moving forward, Instagram is closing off access to these Location pages unless a users logged into the service.

Hyp3r told CNBC that it did not break Instagram’s rules.

“Hyp3r is, and has always been, a company that enables authentic, delightful marketing that is compliant with consumer privacy regulations and social network Terms of Services. We do not view any content or information that cannot be accessed publicly by everyone online.”

This incident comes after Facebook’s March 2018 Cambridge Analytica scandal, in which a political consulting firm accessed the data of 87 million Facebook users without authorization, setting off a wave of negative publicity related to how Facebook collects, stores and secures information about users.

Read the full report on Business Insider.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: salvador rodriguez
Keywords: news, cnbc, companies, facebook, saying, public, facebooks, partner, improperly, stored, pages, location, info, boots, data, hyp3r, users, instagram, information, weve, collected


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Capital One data breach exposes tens of thousands of Social Security numbers, linked bank accounts

A man stands at the window of an office at a Capital One bank in New York City. Capital One said Monday that a data breach identified earlier this month exposed personal information of its customers, including social security details and bank account numbers. The Virginia-headquartered bank said in a news release that about 140,000 Social Security numbers of its credit card customers, around 80,000 linked bank account numbers, and one million Canadian Social Insurance numbers were compromised. A


A man stands at the window of an office at a Capital One bank in New York City. Capital One said Monday that a data breach identified earlier this month exposed personal information of its customers, including social security details and bank account numbers. The Virginia-headquartered bank said in a news release that about 140,000 Social Security numbers of its credit card customers, around 80,000 linked bank account numbers, and one million Canadian Social Insurance numbers were compromised. A
Capital One data breach exposes tens of thousands of Social Security numbers, linked bank accounts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, including, information, numbers, capital, breach, credit, bank, million, security, data, thousands, exposes, thompson, social, tens, linked


Capital One data breach exposes tens of thousands of Social Security numbers, linked bank accounts

A man stands at the window of an office at a Capital One bank in New York City.

Capital One said Monday that a data breach identified earlier this month exposed personal information of its customers, including social security details and bank account numbers.

The Virginia-headquartered bank said in a news release that about 140,000 Social Security numbers of its credit card customers, around 80,000 linked bank account numbers, and one million Canadian Social Insurance numbers were compromised. Additional information including names, addresses, phone numbers, credit scores and credit limits were also exposed. In total, Capital One said, “this event affected approximately 100 million individuals in the United States and approximately 6 million in Canada.”

Still, no credit card account numbers or log-in credentials were exposed and over 99% of Social Security numbers were not affected, according to the bank, which said the unauthorized access occurred on March 22 and 23 of this year.

The FBI arrested a suspect, Paige A. Thompson, who was charged with computer fraud and abuse, according to court records. Authorities said Thompson used the alias “erratic” in online communications and was investigated for “exfiltrating and stealing information, including credit card applications and other documents, from Capital One.”

The criminal complaint alleged that Thompson posted the stolen data online on information sharing site GitHub and made statements on social media “evidencing the fact that she has information on Capital One, and that she recognizes that she has acted illegally.”

Thompson made her initial appearance in U.S. District Court in Seattle on Monday and was ordered detained pending a hearing on Aug. 1, 2019, the Department of Justice said.


Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, including, information, numbers, capital, breach, credit, bank, million, security, data, thousands, exposes, thompson, social, tens, linked


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UK set to launch huge Brexit advertising campaign to get country ready to leave the EU

The U.K. will soon launch one of the largest public information advertising campaigns it has ever run to prepare people and businesses for Brexit, whether there is a withdrawal deal or not. Writing in The Sunday Telegraph, Britain’s new Finance Minister Sajid Javid said that the campaign would help to ensure the country’s readiness to leave the EU. “We are also going to fund a major nationwide communications campaign to ensure the people and businesses of this great country are ready and poised


The U.K. will soon launch one of the largest public information advertising campaigns it has ever run to prepare people and businesses for Brexit, whether there is a withdrawal deal or not. Writing in The Sunday Telegraph, Britain’s new Finance Minister Sajid Javid said that the campaign would help to ensure the country’s readiness to leave the EU. “We are also going to fund a major nationwide communications campaign to ensure the people and businesses of this great country are ready and poised
UK set to launch huge Brexit advertising campaign to get country ready to leave the EU Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-29  Authors: lucy handley
Keywords: news, cnbc, companies, nodeal, telegraph, huge, set, brexit, join, launch, public, country, uk, javid, deal, campaign, information, leave, party, eu, ready


UK set to launch huge Brexit advertising campaign to get country ready to leave the EU

The U.K. will soon launch one of the largest public information advertising campaigns it has ever run to prepare people and businesses for Brexit, whether there is a withdrawal deal or not.

Writing in The Sunday Telegraph, Britain’s new Finance Minister Sajid Javid said that the campaign would help to ensure the country’s readiness to leave the EU.

“We are also going to fund a major nationwide communications campaign to ensure the people and businesses of this great country are ready and poised to leave on October 31. More details will be announced soon, but I can say that this looks set to be one of the government’s biggest ever public information campaigns,” Javid wrote on Sunday.

Up to £100 million ($123.4 million) is thought to have been allocated to the ad campaign, according to a Telegraph source, and it is likely to use large-scale media such as billboards and TV, together with leaflets and online advertising.

It could also include a no-deal preparation leaflet delivered to every home in the U.K.

“Making sure Britain is prepared for no deal is the best way to get a great new deal,” Javid wrote. “That is why this government is turbocharging preparations to leave with no deal.” Javid is set to reveal plans to spend £1 billion on preparations for a no-deal Brexit, the Telegraph report suggested.

Boris Johnson, Britain’s new prime minister, has already said that the country must leave the EU by the October 31 deadline “do or die, come what may,” and on Monday the government stepped up its planning for a no-deal scenario.

Johnson and his Conservative Party have already been advertising on Facebook. One ad, which started running on the social network on Sunday, appealed to people to join the party. “No ifs, no buts. We’ll leave on 31st October — and whatever happens EU citizens here can be certain of their rights to stay. Agree? Join Boris’s team, ” it stated, with a link to join the Conservatives. The party spent £13,487 on Facebook ads for the seven days starting July 21, three days before Johnson took office as prime minister.

Previous large publicly-funded information campaigns include the launch of Britain’s National Health Service in 1948 and a “Don’t die of ignorance,” ad campaign about AIDS prevention in 1986, then the government’s largest ever public health campaign.


Company: cnbc, Activity: cnbc, Date: 2019-07-29  Authors: lucy handley
Keywords: news, cnbc, companies, nodeal, telegraph, huge, set, brexit, join, launch, public, country, uk, javid, deal, campaign, information, leave, party, eu, ready


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