Senator's Paper Sees Ways to Address Disinformation, Privacy Online

In a policy paper obtained by Axios, Sen. Mark Warner's office laid out 20 different paths to address problems posed by Big Tech platforms -- ranging from putting a price on individual users' data to funding media literacy programs. The paper -- prepared by Senate Intelligence Committee Vice Chairman Mark Warner’s staff and circulated in tech policy circles in recent weeks -- is a window to the options available to U.S. policymakers concerned about disinformation and privacy.

Facebook Blames GDPR for Drop in Users, Plummeting Share Price

Amid a plummeting share price, Facebook Inc. wants panicked investors to believe Europe’s strict General Data Protection Regulation is to blame for fewer people using the social network in the region. EU lawmakers disagree. The new law came into force on May 25 and forced companies that hold data on EU citizens to obtain “unambiguous” consent to collect personal information.

Commerce Department Meets with Tech Companies on Privacy Proposal

The Trump administration is crafting a proposal to protect Web users’ privacy, aiming to blunt global criticism that the absence of strict federal rules in the United States has enabled data mishaps at Facebook and others in Silicon Valley.Over the past month, the Commerce Department has been huddling with representatives of tech giants such as Facebook and Google, Internet providers including AT&T and Comcast, and consumer advocates, according to four people familiar with the matter but not authorized to speak on the record.

Russian Hackers Said to Focus More on Utility Systems Than Election

State-sponsored Russian hackers appear far more interested this year in demonstrating that they can disrupt the American electric utility grid than the midterm elections, according to United States intelligence officials and technology company executives. Despite attempts to infiltrate the online accounts of two Senate Democrats up for re-election, intelligence officials said they have seen little activity by Russian military hackers aimed at either major American political figures or state voter registration systems.

Google Bans All Advertising for Cryptocurrency-Related Content

Google is updating its financial services-related ad policies to ban any advertising about cryptocurrency-related content, including initial coin offerings (ICOs), wallets, and trading advice, Google's director of sustainable ads, Scott Spencer, told CNBC. That means that even companies with legitimate cryptocurrency offerings won't be allowed to serve ads through any of Google's ad products, which place advertising on its own sites as well as third-party websites.

  • Read the article: CNBC

Trump Blames Twitter for 'Illegal' Practice of Limiting Republican Visibility

President Donald Trump waded into the controversy over reports that Twitter Inc. is limiting the visibility of some Republicans on its platform -- a practice known as shadow banning -- sending shares down. "Twitter ‘SHADOW BANNING’ prominent Republicans. Not good. We will look into this discriminatory and illegal practice at once! Many complaints," Trump, who prefers to use the site to communicate and is its most influential user, tweeted.

Facebook Blames Slower Growth on Poor Handling of Users' Privacy

Facebook Inc. reported slower user growth, revenue that fell short of analysts’ expectations and increased spending to safeguard data, which cut into its profit margin in the second quarter and sent shares down 7 percent after hours. The company had cautioned investors to expect a big jump in costs because of efforts to address concerns about poor handling of users’ privacy and to better monitor what users post.

Facebook Agrees to Stop Allowing Business to Block Certain Groups

Facebook will be legally required to end its practice of allowing businesses to block certain groups like blacks, gays and immigrants from viewing ads under an agreement reached with the Washington State Attorney General’s Office. The Attorney General’s Office said it had launched an investigation into the social media giant and successfully bought 20 fake Facebook ads that excluded various ethnic minorities in late 2016.

Retired Engineering Professor Files Patent Suit Against Lyft

A retired Georgia Institute of Technology engineering professor described as a “pioneer” in developing the idea of ride sharing sued Lyft Inc, claiming it infringed his patent for technology underlying the core of its business model. According to a complaint filed on Monday evening, Lyft has failed to pay Stephen Dickerson for using his system integrating cellphones, global positioning system (GPS) technology and automated billing, despite earning as much as $1 billion of annual revenue.

EU Antitrust Regulators Fine Asus $74 Million in Online Pricing Case

Asustek Computer Inc. and Royal Philips NV were among four companies fined a total of 111 million euros ($130 million) by European Union antitrust regulators for preventing online retailers from setting prices that undercut traditional stores. Asus received the largest fine, about 63.5 million euros, while Philips owes nearly 30 million euros, the European Commission said in a press release.

Russian-Backed Hackers Claim 'Hundreds of Victims' in Attack on Utilities

Hackers working for Russia claimed “hundreds of victims” last year in a giant and long-running campaign that put them inside the control rooms of U.S. electric utilities where they could have caused blackouts, federal officials said. The Russian hackers, who worked for a shadowy state-sponsored group previously identified as Dragonfly or Energetic Bear, broke into supposedly secure, “air-gapped” or isolated networks owned by utilities with relative ease by first penetrating the networks of key vendors who had trusted relationships with the power companies, said officials at the Department of Homeland Security.

Operator of Bitcoin Exchange Pleads Guilty to Defrauding Investors

The operator of a shuttered bitcoin-denominated exchange pleaded guilty to federal charges that he defrauded investors and lied to U.S. securities regulators investigating the theft by hackers of virtual currency now worth about $46 million. Jon Montroll, 37, pleaded guilty to securities fraud and obstruction of justice before U.S. Magistrate Judge James Cott in Manhattan, federal prosecutors said in a statement.

Google Says USB-Based Security Keys Keep Employees from Phishing Attacks

Google has not had any of its 85,000+ employees successfully phished on their work-related accounts since early 2017, when it began requiring all employees to use physical Security Keys in place of passwords and one-time codes, the company told KrebsOnSecurity. A Google spokesperson said Security Keys now form the basis of all account access at Google.