Twitter hack probe leads to call for cybersecurity rules for social media giants

An investigation into this summer’s Twitter hack by the New York State Department of Financial Services (NYSDFS) has ended with a stinging rebuke for how easily Twitter let itself be duped by a “simple” social engineering technique — and with a wider call for key social media platforms to be regulated on security.

In the report, the NYSDFS points, by way of contrasting example, to how quickly regulated cryptocurrency companies acted to prevent the Twitter hackers scamming even more people — arguing this demonstrates that tech innovation and regulation aren’t mutually exclusive.

Its point is that the biggest social media platforms have huge societal power (with all the associated consumer risk) but no regulated responsibilities to protect users.

The report concludes this is a problem U.S. lawmakers need to get on and tackle stat — recommending that an oversight council be established (to “designate systemically important social media companies”) and

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IGT’s Resort Wallet Technology Leads Evolution of Cashless Gaming in New York State

LONDON, Oct. 13, 2020 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that the Company is leading the evolution of casino operations with its Resort Wallet™ cashless solution at the newly reopened Resorts World Catskills Casino and Resort (“Resorts World Catskills”) in Monticello, N.Y., a subsidiary of the Genting Group. Resort Wallet gives Resorts World Catskills patrons the option of a contactless, safe, and effortless cashless gaming experience. Players can use their physical Resorts World Catskills Players Club card to load cash into a secure digital wallet from either the casino cashier or any slot machine, and access those funds from any slot machine.

“Today’s casino guests are seeking a unique combination of gaming excitement, luxury, convenience, and safety. IGT’s Resort Wallet solution will help to ensure that Resorts World Catskills delivers every aspect of its brand promise,” said Bob DeSalvio, President of Genting Americas East. “IGT’s

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Wall Street Adds More Gains to Last Week’s Rally; Tech Leads | Business News

By STAN CHOE and ALEX VEIGA, AP Business Writers

Stocks are pushing higher on Wall Street in afternoon trading Monday and tacking more gains onto last week’s market rally, its best in three months.

The S&P 500 was 1.8% higher, following up on strengthening in stock markets around the world. The Dow Jones Industrial Average was up 308 points, or 1.1%, at 28,895, as of 12:35 p.m. Eastern time, and the Nasdaq composite was 2.6% higher.

The gains are being driven mostly by Big Tech stocks, whose businesses have proven to be practically impervious to the pandemic, rather than companies that would benefit from a strengthening economy.

Apple climbed 5.4% and alone accounted for nearly a quarter of the S&P 500’s rise. Amazon gained 5.1%. Both companies have events coming up this week, with Apple expected to unveil its latest batch of iPhones on Tuesday and Amazon holding its Prime

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Wall Street adds more gains to last week’s rally; tech leads

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People walk past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Oct. 12, 2020. Asian shares are mostly higher in muted trading on Monday, as worries about the pandemic keep optimism in check, despite the rally that closed out last week on Wall Street.

AP

Stocks are pushing higher on Wall Street in afternoon trading Monday and tacking more gains onto last week’s market rally, its best in three months.

The S&P 500 was 1.8% higher, following up on strengthening in stock markets around the world. The Dow Jones Industrial Average was up 308 points, or 1.1%, at 28,895, as of 12:35 p.m. Eastern time, and the Nasdaq composite was 2.6% higher.

The gains are being driven mostly by Big Tech stocks, whose businesses have proven to be practically impervious to the pandemic, rather than companies that would benefit from

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Wall Street adds more gains to last week’s rally; tech leads

NEW YORK (AP) — Wall Street is pushing higher in Monday morning trading and tacking more gains onto last week’s rally, its best in three months.

The S&P 500 was 0.9% higher, following up on strengthening in stock markets around the world. The Dow Jones Industrial Average was up 165 points, or 0.6%, at 28,752, as of 10:23 a.m. Eastern time, and the Nasdaq composite was 1.4% higher.

Monday’s market gains were driven mostly by Big Tech stocks, whose businesses have proven to be practically impervious to the pandemic, rather than companies that would benefit from a strengthening economy.


Apple rose 3.4% and alone accounted for nearly a quarter of the S&P 500’s rise. Amazon gained 3.3%. Both companies have events coming up this week, with Apple expected to unveil its latest batch of iPhones on Tuesday and Amazon holding its Prime Day on Tuesday and Wednesday.

Microsoft also climbed

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Microsoft and Facebook vet leads nonprofit making software to improve COVID-19 rapid tests

Most of the Audere team, gathered together in pre-COVID times. (Audere Photo)

A Seattle-based nonprofit launched to provide digital health solutions for poorer countries is applying its expertise to help with COVID-19 testing.

Audere is building software for administering rapid result COVID tests that can be integrated into products being developed by U.S. manufacturers that use saliva or nasal swab samples.

“There is a critical need for rapid testing,” said Philip Su, CEO and founder of Audere. People are increasingly realizing that the widespread distribution of a vaccine is still many months away. The availability of accurate, inexpensive tests that provide results in minutes can help control the spread of the virus in the meantime, Su said.

Philip Su, Audere CEO and founder. (Audere Photo)

The tests — known generally as rapid diagnostic tests or RDTs — can have high rates of failure, though the basic concept is simple. Imagine

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Biden leads Trump by 6 points in Michigan and Nevada, race tied in Iowa: poll

Democratic presidential nominee Joe BidenJoe BidenDemocratic poll shows neck-and-neck race brewing in Florida House district Nebraska district could prove pivotal for Biden in November Bringing Black men back home MORE holds a steady lead over President TrumpDonald John TrumpNorth Korea unveils large intercontinental ballistic missile at military parade Trump no longer considered a risk to transmit COVID-19, doctor says New ad from Trump campaign features Fauci MORE in the key battlegrounds of Michigan and Nevada, while the race remains a dead head in Iowa, according to a new poll.

A CBS News/YouGov tracking poll taken Oct. 6-9 found Trump trailing Biden by six percentage points among registered voters in Michigan and Nevada, 52-46 in both states. In Iowa, both candidates registered support from 49 percent of registered voters.

The polls paint a bleak picture for the president, whose 2016 victory was largely made possible by a narrow win

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TSMC Leads Chipmakers’ Sales Surge Ahead of New iPhones

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. reported a stronger-than-expected 22% rise in quarterly sales, buoyed by orders from its largest customers including Apple Inc.

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The world’s largest contract chipmaker saw revenue for the three months to September climb to a record NT$356.4 billion ($12.4 billion), up from NT$293 billion a year earlier, according to Bloomberg calculations based on monthly sales data disclosed by TSMC. Fellow Taiwanese chipmakers United Microelectronics Corp. and MediaTek Inc. on Thursday also reported strong sales, suggesting a broad recovery in the industry.

TSMC in July raised its 2020 outlook, saying that revenue this year will grow by more than 20% in dollar terms. Sales for the first nine months of the year suggests that Apple’s main iPhone chipmaker is on track to meet its growth forecast as the Covid-19 pandemic fueled demand for home computing equipment.

The company’s business typically revs up in the

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Madrona leads $3.9M seed round for cybersecurity compliance startup Strike Graph

Strike Graph co-founders Justin Beals and Brian Bero. (Strike Graph Photo)

Seattle startup Strike Graph raised a $3.9 million seed round led by Madrona Venture Group.

The company, founded less than a year ago and spun out of Madrona Venture Labs, helps customers prepare for the cybersecurity certification process.

Most B2B organizations need to pass cybersecurity audits to ensure their service meets security and privacy standards. Strike Graph says its customers can earn a SOC 2 Type 1 certification in 45 days and save $50,000 in consultant fees thanks to automation and customization features.

The 5-person startup is led by CEO Justin Beals, a veteran of NextStep, Koru, Roundbox Global, and other startups, along with Brian Bero, who previously co-founded Seattle tech stalwart Apptio and recently sold security startup Greytwist to SmartRIA.

The idea for Strike Graph came about after Beals struggled with the SOC 2 process as the CTO

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Sci-Tech Daresbury collaboration leads to sales rise

The continued impact of the collaborative culture at Sci-Tech Daresbury led to a strong rise in overall sales last year, according to new figures.

Income was up 27 per cent – a 5 per cent increase on 2018 – as shown through a campus survey of 117 companies.

It also found that more than 70 per cent of firms on site are collaborating with at least one of their neighbours, generating approximately £10m in sales and cost savings.

Exports for those on campus sit at 29 per cent, with Europe remaining the key market and accounting for 50 per cent of all international sales.

Elsewhere, the survey revealed that more than 240 new products and services were developed in 2019 – nearly double that of the previous year and the highest ever figure for the campus. Sci-Tech Daresbury companies also created a net increase of 162 jobs during the period.

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