Sen. Amy Klobuchar (D-Minn.) said she supports imposing fines on social media companies that do not rid their platforms of bots after the government identifies the automated accounts. “I think that would be a great idea, but then you need a Congress to act,” Klobuchar told NBC’s “Meet the Press.”
A court in Bahrain sentenced a prominent democracy advocate on to five years in prison for tweets about abuses in prisons and the Saudi-led war in Yemen, continuing the crackdown that crushed the Arab Spring uprising there seven years ago. The sentencing of the advocate, Nabeel Rajab, is the latest step in a long crackdown on dissent in Bahrain, a tiny island kingdom that is home to the United States Navy’s Fifth Fleet.
Intel Corp. did not inform U.S. cyber security officials of the so-called Meltdown and Spectre chip security flaws until they leaked to the public, six months after Alphabet Inc. notified the chipmaker of the problems, according to letters sent by tech companies to lawmakers. Current and former U.S. government officials have raised concerns that the government was not informed of the flaws before they became public because the flaws potentially held national security implications.
Twenty-two states and the District of Columbia have joined the legal battle started by Mozilla Corp. and Vimeo Inc. to reverse the Federal Communications Commission repeal of net neutrality. The Obama-era prohibitions, meant to prevent broadband service providers from slowing or blocking web traffic or demanding payment for faster speed across their networks, were rescinded by the FCC in December on a 3-2 party-line vote.
France's financial regulator has said that financial products based on cryptocurrencies should be formally regulated as derivatives, meaning online trading platforms will need authorisation to offer them and can no longer advertise them online. In one of the first moves of its kind by an EU regulator, the Autorité des Marchés Financiers said that it considered complex financial contracts that allow investors to bet on the price movements of a cryptocurrency without actually holding the underlying as, legally speaking, derivatives.
Prominent conservative Twitter users pushed back hard after a purge of their accounts that culled thousands of their followers, as the embattled social media platform faced mounting charges of left-wing bias and suppression of right-wing viewpoints. San Francisco-based Twitter said it acted to reduce the flow of fake news and abusive content by eliminating accounts suspected of being Russian-created “bots,” but conservative Twitter users, including podcast host Dan Bongino and Michael Flynn Jr., son of former National Security Adviser Michael Flynn, said the company is effectively targeting their right to free speech.
The U.S. Securities and Exchange Commission published updated guidance on how public companies should disclose cyber security risks and breaches. The SEC unanimously approved the additional guidance, saying it would promote "clearer and more robust disclosure" by companies facing cyber security issues, according to Chairman Jay Clayton.
North Korean cyber-spy group “Reaper” is emerging as a global threat, conducting espionage well beyond the Korean peninsula in support of Pyongyang’s military and economic interests, FireEye Inc. said. The group, known also as APT37, in 2017 began attacking targets in Japan, Vietnam and the Middle East after having focused on its southern neighbor for years, FireEye said in a report.
Twitter Inc. said it would no longer allow people to post identical messages from multiple accounts, cracking down on a tactic that Russian agents and others have allegedly used to make tweets or topics go viral. The San Francisco-based social network also said it would not allow people to use software to simultaneously perform other actions such as liking or retweeting from multiple accounts.
YouTube promoted a video claiming to show evidence that one of the survivors of the school shooting in Parkland, Florida, is a paid actor. The video appeared in the top position in the site's trending section before being removed from the section later in the morning after several news stories and tweets about it started to spread.
Top technology trade associations are pushing the Trump administration to fight back against an expected European Union tax proposal. Lobbying groups for major firms like Google, Amazon and Apple say the firms are worried by the expected release in the next two months of European Commission recommendations calling for taxes on unsold goods or digital advertising revenue.
Researchers at the cloud monitoring and defense firm Red Lock published findings that some of Tesla's Amazon Web Services cloud infrastructure was running mining malware in a far-reaching and well-hidden cryptojacking campaign. The researchers disclosed the infection to Tesla last month, and the company quickly moved to decontaminate and lock down its cloud platform within a day.
U.S. Attorney General Jeff Sessions has ordered the creation of a task force to examine how his Justice Department can better combat a wide cross-section of global cyber threats, including efforts to interfere with elections or damage critical infrastructure. The announcement of the new task force came amid renewed concerns about how Russia and foreign adversaries may attempt to use cyber tools to disrupt the 2018 midterm elections, which are less than 10 months away.
Big holders of Bitcoin and its brethren have become alluring marks for criminals, especially since the prices of virtual currencies entered the stratosphere last year. While banks can stop or reverse large electronic transactions made under duress, there is no Bitcoin bank to halt or take back a transfer, making the chances of a successful armed holdup frighteningly enticing.
Lawmakers are concerned that advances in video manipulation technology could set off a new era of fake news. Now legislators say they want to start working on fixes to the problem before it’s too late.
Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in the Senate and House of Representatives for action to address the risks posed by virtual currencies to investors and the financial system, they said.
India’s City Union Bank said that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial platform. The comments come after the small private lender had disclosed it had discovered the three “fraudulent remittances”, which were sent via correspondent banks to accounts in Dubai, Turkey and China.
Scammers have taken to Zelle, the Venmo alternative backed by U.S. banks, to defraud consumers who believe the service includes the same protections they’ve come to expect from PayPal. A number of customers report having lost hundreds, or even thousands of dollars, over Zelle, when they used it for transactions with people they didn’t know -- like tickets bought off a Craigslist posting, for example.
Facebook Inc. must stop tracking Belgian users’ surfing outside the social network and delete data it’s already gathered, or it will face fines of 250,000 ($312,000) euros a day, a Belgian court ruled.Facebook “doesn’t sufficiently inform” clients about the data it gathers on their broader web use, nor does it explain what it does with the information or say how long it stores it, the Brussels Court of First Instance said in a statement.
Intel Corp. said shareholders and customers had filed 32 class action lawsuits against the company in connection with recently-disclosed security flaws in its microchips. Most of the lawsuits -- 30 -- are customer class action cases that claim that users were harmed by Intel’s “actions and/or omissions” related to the flaws, which could allow hackers to steal data from computers.
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