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The Courts

US Department of Labor Is Suing Peter Thiel's Startup 'Palantir' For Discriminating Against Asians (reuters.com) 292

Palantir Technologies is a secretive start-up in Silicon Valley that specializes in big data analysis. It was founded in 2004 by Peter Thiel, Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings, and is backed by the FBI and CIA as it "helps government agencies track down terrorists and uncover financial fraud," according to Reuters. Today, the U.S. Department of Labor filed a lawsuit against the company, alleging that it discriminated against Asian job applicants. Reuters reports: The lawsuit alleges Palantir routinely eliminated Asian applicants in the resume screening and telephone interview phases, even when they were as qualified as white applicants. In one example cited by the Labor Department, Palantir reviewed a pool of more than 130 qualified applicants for the role of engineering intern. About 73 percent of those who applied were Asian. The lawsuit, which covers Palantir's conduct between January 2010 and the present, said the company hired 17 non-Asian applicants and four Asians. "The likelihood that this result occurred according to chance is approximately one in a billion," said the lawsuit, which was filed with the department's Office of Administrative Law Judges. The majority of Palantir's hires as engineering interns, as well as two other engineering positions, "came from an employee referral system that disproportionately excluded Asians," the lawsuit said. Palantir denied the allegations in a statement and said it intends to "vigorously defend" against them. The lawsuit seeks relief for persons affected, including lost wages.
Government

ISP To FCC: Using The Internet Is Like Eating Oreos (consumerist.com) 178

New submitter Rick Schumann shares with us a report highlighting an analogy presented by an ISP that relates Double Stuf Oreos to the internet. Specifically, that Double Stuf Oreos cost more than regular Oreos, and therefore you should pay more for internet: The Consumerist reports: "Ars Technica first spotted the crumbly filing, from small (and much-loathed) provider Mediacom. Mediacom's comment is in response to the same proceeding that Netflix commented on earlier this month. However, while Netflix actually addressed data and the ways in which their customers use it, Mediacom went for the more metaphor-driven approach. The letter literally starts out under the header, 'You Have to Pay Extra For Double-Stuffed,' and posits that you, the consumer, are out for a walk with $2 in your pocket when you suddenly develop a ferocious craving for Oreo cookies." Of course their analogy is highly questionable, since transmitting data over a network doesn't actually consume anything, now does it? You eat the cookie, the cookie is gone, but you transmit data over a network, the network is still there and can transmit data endlessly. Mediacom's assertion that the Internet is like a cookie you eat, is like saying copying a file on your computer somehow diminishes or degrades the original file, which of course is ridiculous.
Mozilla

Mozilla's Proposed Conclusion: Game Over For WoSign and Startcom? (google.com) 104

Reader Zocalo writes: Over the last several months Mozilla has been investigating a large number of breaches of what Mozilla deems to be acceptable CA protocols by the Chinese root CA WoSign and their perhaps better known subsidiary StartCom, whose acquisition by WoSign is one of the issues in question. Mozilla has now published their proposed solution (GoogleDocs link), and it's not looking good for WoSign and Startcom. Mozilla's position is that they have lost trust in WoSign and, by association StartCom, with a proposed action to give WoSign and StartCom a "timeout" by distrusting any certificates issued after a date to be determined in the near future for a period of one year, essentially preventing them issuing any certificates that will be trusted by Mozilla. Attempts to circumvent this by back-dating the valid-from date will result in an immediate and permanent revocation of trust, and there are some major actions required to re-establish that trust at the end of the time out as well.
This seems like a rather elegant, if somewhat draconian, solution to the issue of what to do when a CA steps out of line. Revoking trust for certificates issued after a given date does not invalidate existing certificates and thereby inconvenience their owners, but it does put a severe -- and potentially business-ending -- penalty on the CA in question. Basically, WoSign and StartCom will have a year where they cannot issue any new certificates that Mozilla will trust, and will also have to inform any existing customers that have certificate renewals due within that period they cannot do so and they will need to go else where -- hardly good PR!

What does Slashdot think? Is Mozilla going too far here, or is their proposal justified and reasonable given WoSign's actions, making a good template for potential future breaches of trust by root CAs, particularly in the wake of other CA trust breaches by the likes of CNNIC, DigiNotar, and Symantec?

Bitcoin

Japanese To Pay Utility Bills Using Bitcoin (thestack.com) 30

An anonymous reader quotes a report from The Stack: Japanese citizens will soon be able to pay their utility bills using bitcoin. The facility is being provided by Coincheck Denki, a new service offered by the Japanese bitcoin company, which will be available to users in November. Coincheck outlined the new plan on its website. Also called 'Coincheck Electricity,' it will allow users to pay their electricity bills directly from their Coincheck bitcoin wallet. It also offers a discount plan for heavy users of electricity, with 4-6% of the total bill discounted for heavy users of electricity who pay in bitcoin. Coincheck's parent company, Reju Press, initially partnered with Mitsuwa Inc., to create the bitcoin payment system. Coincheck now works with Mitsuwa subsidiary E-Net Inc., and has formed a partnership with Marubeni Power Retail Corporation, which operates power plants in 17 locations in central Japan. Marubeni has offices in 66 countries worldwide, although no plans have been announced to take the bitcoin payment option outside of Japan. While the initial bitcoin payment rollout is for electricity bills, Coincheck plans to expand its offerings to bitcoin payment for 'life infrastructure,' to include payment of gas, water and mobile phone bills. It may even partner with landlords to allow customers of Coincheck to pay rent using bitcoin. The bitcoin payment plan will be rolled out in Chubu, Kanto (including Tokyo) and Kansai regions to start, with additional areas to be added sequentially. The company hopes to offer bitcoin payment options to one million electric customers within the first year.
Operating Systems

Windows 10 Now On 400 Million Active Devices, Says Microsoft (thurrott.com) 147

Microsoft announced today that Windows 10 is now running on over 400 million active devices. This is up from 300 million as of May, and 207 million as of end of the March. The company says that it deems devices that have been active in the past 28 days as "active." Microsoft added that this 400 million active devices figure include tablets and phones as well as Xbox One consoles, HoloLens, and Surface Hubs running Windows 10. Paul Thurrott adds:Microsoft last provided a Windows 10 usage milestone on June 29, when it said that there were 350 million active Windows 10 devices. At that time, I noted that the Windows 10 adoption had accelerated from the previous milestone, hitting an average of almost 29 million new devices per month. But 50 million additional devices over three months is a much slower pace of about 17 million per month. This is the slowest rate since Windows 10 was first announced. Again, no surprise there: Windows 10 was free for its first year, and over that time period it averaged roughly 31.25 million new devices per month (if you assume a figure of 375 million after one year, as I do). Does this mean that Windows 10 will see fewer than 20 million new devices each month, on average, going forward? No, of course not. There's no way to accurately gauge how things will go, given that most future devices will be new PCs purchased by businesses or consumers, or business PCs upgraded to Windows 10.
Cloud

Adobe To Run Some Of Its Creative Cloud Services On Azure (zdnet.com) 17

Adobe will offer its Adobe Creative Cloud, Marketing Cloud, and Document Cloud hosted on Microsoft's Azure, the company said today, as part of a deal with Microsoft. ZDNet adds: Some of Adobe's subscription services for creative professionals currently are hosted on Amazon's AWS. It's not clear from Microsoft's announcement of its new Adobe deal whether Adobe's Creative Cloud, Marketing Cloud, and Document Cloud will run on any other cloud backbones, with Azure as a secondary option or choice. I've asked Microsoft, and heard back from a spokesperson that today's deal is not exclusive, but that's all I know at this point. Work is underway to move these services to the Azure cloud, a spokesperson confirmed, with more information on this coming in the next few months.
Censorship

Krebs Is Back Online Thanks To Google's Project Shield (krebsonsecurity.com) 135

"After the massive 600gbps DDOS attack on KrebsOnSecurity.com that forced Akamai to withdraw their (pro-bono) DDOS protection, krebsonsecurity.com is now back online, hosted by Google," reports Slashdot reader Gumbercules!!.

"I am happy to report that the site is back up -- this time under Project Shield, a free program run by Google to help protect journalists from online censorship," Brian Krebs wrote today, adding "The economics of mitigating large-scale DDoS attacks do not bode well for protecting the individual user, to say nothing of independent journalists...anyone with an axe to grind and the willingness to learn a bit about the technology can become an instant, self-appointed global censor." [T]he Internet can't route around censorship when the censorship is all-pervasive and armed with, for all practical purposes, near-infinite reach and capacity. I call this rather unwelcome and hostile development the "The Democratization of Censorship...." [E]vents of the past week have convinced me that one of the fastest-growing censorship threats on the Internet today comes not from nation-states, but from super-empowered individuals who have been quietly building extremely potent cyber weapons with transnational reach...

Akamai and its sister company Prolexic have stood by me through countless attacks over the past four years. It just so happened that this last siege was nearly twice the size of the next-largest attack they had ever seen before. Once it became evident that the assault was beginning to cause problems for the company's paying customers, they explained that the choice to let my site go was a business decision, pure and simple... In an interview with The Boston Globe, Akamai executives said the attack -- if sustained -- likely would have cost the company millions of dollars.

One site told Krebs that Akamai-style protection would cost him $150,000 a year. "Ask yourself how many independent journalists could possibly afford that kind of protection money?" He suspects the attack was a botnet of enslaved IoT devices -- mainly cameras, DVRs, and routers -- but says the situation is exacerbated by the failure of many ISPs to implement the BCP38 security standard to filter spoofed traffic, "allowing systems on their networks to be leveraged in large-scale DDoS attacks... the biggest offenders will continue to fly under the radar of public attention unless and until more pressure is applied by hardware and software makers, as well as ISPs that are doing the right thing... What appears to be missing is any sense of urgency to address the DDoS threat on a coordinated, global scale."
Security

97% of the Top Companies Have Leaked Credentials Online (onthewire.io) 21

Apparently lots of people have been use both their work email address and work password on third-party sites -- suggesting a huge vulnerability. Trailrunner7 quotes On The Wire: The last few years have seen a number of large-scale breaches at popular sites and companies, including LinkedIn, Adobe, MySpace, and Ashley Madison, and many of the credentials stolen during those incidents have ended up online in various places... [R]esearch from Digital Shadows found that the most significant breach for the global 1,000 companies it looked at was the LinkedIn incident... Digital Shadows found more than 1.6 million credentials online for the 1,000 companies it studied. Adobe's breach was next on the list, with more than 1.3 million credentials.
"For Ashley Madison alone, there were more than 200,000 leaked credentials from the top 1,000 global companies," the researchers report, noting they also found many leaked credentials from breaches at other dating and gaming sites, as well as Myspace. Their conclusion? "The vast majority of organizations have credentials exposed online..."
Space

Cisco Blamed A Router Bug On 'Cosmic Radiation' (networkworld.com) 141

Network World's news editor contacted Slashdot with this report: A Cisco bug report addressing "partial data traffic loss" on the company's ASR 9000 Series routers contended that a "possible trigger is cosmic radiation causing SEU [single-event upset] soft errors." Not everyone is buying: "It IS possible for bits to be flipped in memory by stray background radiation. However it's mostly impossible to detect the reason as to WHERE or WHEN this happens," writes a Redditor identifying himself as a former [technical assistance center] engineer...
"While we can't speak to this particular case," Cisco wrote in a follow-up, "Cisco has conducted extensive research, dating back to 2001, on the effects cosmic radiation can have on our service provider networking hardware, system architectures and software designs. Despite being rare, as electronics operate at faster speeds and the density of silicon chips increases, it becomes more likely that a stray bit of energy could cause problems that affect the performance of a router or switch."

Friday a commenter claiming to be Xander Thuijs, Cisco's principal engineer on the ASR 9000 router, posted below the article, "apologies for the detail provided and the 'concept' of cosmic radiation. This is not the type of explanation I would like to see presented to the respected users of our products. We have made some updates to the DDTS [defect-tracking report] in question with a more substantial data and explanation. The issue is something that we can likely address with an FPD update on the 2x100 or 1x100G Typhoon-based linecard."
The Almighty Buck

Accenture Patents a Blockchain-Editing Tool (techweekeurope.co.uk) 85

A blockchain "produces a permanent ledger of transactions with which no one can tamper," reports TechWeekEurope. "Until now." Slashdot reader Mickeycaskill quotes their report: One of the core principles of Blockchain technology has potentially been undermined by the creation of an editing tool. The company responsible however, Accenture, says edits would only be carried out "under extraordinary circumstances to resolve human errors, accommodate legal and regulatory requirements, and address mischief and other issues, while preserving key cryptographic features..."

Accenture's move to create an editing system will no doubt be viewed by some technology observers as a betrayal of what blockchain technology is all about. But the company insisted it is needed, especially in the financial services industry... "The prototype represents a significant breakthrough for enterprise uses of blockchain technology particularly in banking, insurance and capital markets," said Accenture.

They're envisioning "permissioned" blockchain systems, "managed by designated administrators under agreed governance rules," while acknowledging that cyptocurrency remains a different environment where "immutable" record-keeping would still be essential.
Media

Snapchat's 10-Second-Video Glasses Are Real And Cost $130 Bucks (techcrunch.com) 91

Long-time Slashdot reader bheerssen writes that Snapchat "announced a new product yesterday, Spectacles, which are sunglasses with a camera built into the frame." TechCrunch reports: Snapchat's long-rumored camera glasses are actually real. The startup's first foray into hardware will be a pair of glasses called "Spectacles" and will go on sale this fall for $129.99, according to the WSJ... To start recording you tap a button on the side of the glasses. Video capture will mimic Snapchat's app, meaning you can only capture 10 seconds of video at once. This video will sync wirelessly to your phone, presumably making it available to share as a snap.
The cameras will be using a circular 115-degree lens to mimic the human eye's natural field of vision, and in the Journal's article, Snap CEO Evan Spiegel remembers his first test of the product in 2015. "I could see my own memory, through my own eyes -- it was unbelievable... It was the closest I'd ever come to feeling like I was there again." The camera glasses will enter "limited distribution" sometime within the next three months, which TechCrunch believes "could end up being like Google Glass when it first launched -- officially on sale to the public but pretty hard to come by."
Communications

The Verge's Deputy Editor Chris Ziegler Was Secretly Working For Apple For Two Months (gizmodo.com) 78

An anonymous reader quotes a report from Gizmodo: Late this afternoon, Nilay Patel, the editor-in-chief of The Verge, published a post detailing the circumstances around the departure of Chris Ziegler, a founding member of the site. As it turns out, according to Patel, Ziegler had been pulling double duty as an employee of both The Verge and Apple. "The circumstances of Chris' departure from The Verge raised ethical issues which are worth disclosing in the interests of transparency and respect for our audience," Patel wrote. "We're confident that there wasn't any material impact on our journalism from these issues, but they are still serious enough to merit disclosure." According to Patel, Ziegler, whose most recent post was published in July, began working for Apple in July but didn't disclose his new job; The Verge apparently didn't discover he'd been working there until early September. Patel noted that Ziegler continued to work for The Verge in July, but "was not in contact with us through most of August and into September." What's not clear is how The Verge leadership went six weeks without hearing from their deputy editor or taking serious action (like filing a missing person's report) to try to find him. Patel says they "made every effort to contact him and to offer him help if needed." Patel noted the obvious conflict of interest, and added that Ziegler was fired the same day they verified his employment at Apple. "Chris did not attempt to steer any coverage towards or away from Apple, and any particular decisions he helped make had the same outcomes they would have had absent his involvement," Patel wrote. However, it's still unclear how exactly the team at Vox Media, The Verge's parent company, ascertained there was no editorial consequences from the dual-employment. You can read Patel's full statement here. Vox Media's Fay Sliger followed up with a statement to Gizmodo: "Chris is no longer an employee of The Verge or Vox Media. Chris accepted a position with Apple, stopped communicating with The Verge's leadership, and his employment at The Verge was terminated. Vox Media's editorial director Lockhart Steele conducted an internal review of this conflict of interest, and after a thorough investigation, it was determined that there was no impact on editorial decisions or journalism produced at The Verge or elsewhere in Vox Media. We've shared details about this situation with The Verge's audience and will continue to be transparent should any new information come to light."
Yahoo!

Yahoo Sued For Gross Negligence Over Huge Hacking (reuters.com) 56

Yahoo apparently took two years to investigate and tell people that its service had been breached, and that over 500 million users were affected. Amid the announcement, a user is suing Yahoo, accusing the company of gross negligence. From a Reuters report: The lawsuit was filed in the federal court in San Jose, California, one day after Yahoo disclosed the hacking, unprecedented in size, by what it believed was a "state-sponsored actor." Ronald Schwartz, a New York resident, sued on behalf of all Yahoo users in the United States whose personal information was compromised. The lawsuit seeks class-action status and unspecified damages. A Yahoo spokeswoman said the Sunnyvale, California-based company does not discuss pending litigation. The attack could complicate Chief Executive Marissa Mayer's effort to shore up the website's flagging fortunes, two months after she agreed to a $4.8 billion sale of Yahoo's Internet business to Verizon Communications. Yahoo on Thursday said user information including names, email addresses, phone numbers, birth dates and encrypted passwords had been compromised in late 2014.
Medicine

UPS Is Starting To Test Drone Deliveries In the US (qz.com) 44

An anonymous reader quotes a report from Quartz: UPS announced Sept. 23 that it has begun testing drone deliveries in the U.S. with drone manufacturer CyPhy Works. The two companies yesterday completed a test of delivering medicine from the coastal town of Beverly, Massachusetts, to Children's Island, a small island about three miles into the Atlantic Ocean. CyPhy's drone has night-vision capabilities, according to a release shared with Quartz. The test yesterday involved a trial situation where an asthmatic child urgently needed an inhaler, which was dispatched from the mainland to the island, arriving far more quickly than it would've taken a boat to get there. CyPhy's drone autonomously flew supplies over the ocean to a group waiting to receive them on the other end, although there was no actual child with asthma in danger. In May, UPS had announced that it was partnering with the drone company Zipline to deliver medical supplies to rural Rwanda, having invested nearly $1 million into the company. UPS has also invested an undisclosed amount in CyPhy. UPS told Quartz that the FAA was aware of its test, and Houston Mills, a commercial pilot with UPS for over a decade and the company's director of airline safety, was recently announced as a member of the FAA's Drone Advisory Committee. The committee is working with industry experts and companies to figure out how to safely integrate a network of commercial drones into U.S. airspace. You can watch the heroic footage of the trial run here.
Social Networks

VR Devs Pull Support For Oculus Rift Until Palmer Luckey Steps Down (vice.com) 634

After it was revealed that Oculus founder Palmer Luckey backed a pro-Trump political organization called Nimble America that is dedicated to "shitposting" and spreading inflammatory memes about Hillary Clinton, several developers of the Oculus Rift virtual-reality headset have announced that they will stop supporting the headset until its founder steps down. One of the biggest developers for Oculus Rift, Insomniac Games, told Motherboard, "Insomniac Games condemns all forms of hate speech. While everyone has a right to express his or her political opinion, the behavior and sentiments reported do not reflect the values of our company. We are also confident that his behavior and sentiment does not reflect the values of the many Oculus employees we work with on a daily basis." Fez and Superhypercube developer Polytron also said in a statement, "In a political climate as fragile and horrifying as this one, we cannot tacitly endorse these actions by supporting Luckey or his platform." Motherboard reports: Motherboard has reached out to several other, more well-known VR developers who work with Oculus including Fantastic Contraption makers Northway Games and Job Simulator makers Owlchemy Labs. Northway Games couldn't be reached immediately for comment but tweeted the following: "What. The. Fuck. [accompanied with a link to the news via Kotaku]" and "Definitely using every fibre of my 'professionalism' to not tweet some tweets right now." Owlchemy Labs, which is currently developing for Job Simulator for the Oculus Touch controls, declined to comment either way. E McNeill, who has developed a couple of games for Oculus Rift and GearVR, suggested that like-minded VR developers raise money for Hillary Clinton's campaign to counter the money Luckey has raised for Trump. [E McNeill tweeted: "Idle Q: Would any Oculus devs join me in a donation drive for HIllary? We could aim to beat Nimble America's $11k. I'd start with $1k myself."] "This backlash is nonsense," said James Green, co-founder of VR developer Carbon Games. "I absolutely support him doing whatever he wants politically if it's legal. To take any other position is against American values."
Google

Judge Skewers Oracle Attorney For Revealing Google, Apple Trade Secrets (arstechnica.com) 53

An anonymous reader quotes a report from Ars Technica: The federal judge who presided over the Google-Oracle API copyright infringement trial excoriated one of Oracle's lawyers Thursday for disclosing confidential information in open court earlier this year. The confidential information included financial figures stating that Google generated $31 billion in revenue and $22 billion in profits from the Android operating system in the wake of its 2008 debut. The Oracle attorney, Annette Hurst, also revealed another trade secret: Google paid Apple $1 billion in 2014 to include Google search on iPhones. Judge William Alsup of San Francisco has been presiding over the copyright infringement trial since 2010, when Oracle lodged a lawsuit claiming that Google's Android operating system infringed Oracle's Java APIs. After two trials and various trips to the appellate courts, a San Francisco federal jury concluded in May that Google's use of the APIs amounted to fair use. Oracle's motion before Alsup for a third trial is pending. Oracle argues that Google tainted the verdict by concealing a plan to extend Android on desktop and laptop computers. As this legal saga was playing out, Hurst blurted out the confidential figures during a January 14 pre-trial hearing, despite those numbers being protected by a court order. The transcript of that proceeding has been erased from the public record. But the genie is out of the bottle. Google lodged a motion (PDF) for sanctions and a contempt finding against Hurst for unveiling a closely guarded secret of the mobile phone wars. During a hearing on that motion Thursday, Judge Alsup had a back-and-forth with Hurst's attorney, former San Francisco U.S. Attorney Melinda Haag. According to the San Francisco legal journal The Recorder, Haag said that her client Hurst -- of the law firm Orrick, Herrington and Sutcliffe -- should not be sanctioned because of "one arguable mistake made through the course of a very complex litigation."
Google

Google To Introduce Google Wifi, Google Home and 4K Chromecast Ultra Devices On October 4th (androidpolice.com) 49

Android Police has learned of a new Google device that will launch alongside the Google Pixel smartphones, Google Home, and 4K 'Chromecast Ultra' dongle on October 4th. Called Google Wifi, the Wi-Fi router will cost $129 and contain several "smart" features. Android Police reports: [The] source additionally claims that Google will advertise the router as having "smart" features -- probably similar to OnHub in some respects -- and that Google will claim it provides enhanced range over typical Wi-Fi routers (a claim we see basically every router make, to be fair). But the one thing that will make it an insta-buy for many over OnHub? Our source claims multiple Google Wifi access points (two or more) can be linked together to create one large wireless network. We don't have any details on how this works, unfortunately. But one source claims that Google Wifi device will essentially be like a little white Amazon Echo Dot. So, relatively small and inconspicuous. In a separate report, Android Police details Google's upcoming smart speaker called Google Home, along with their upcoming 4K 'Chromecast Ultra' devices. Specifically, they will be priced at $129 and $69 respectively: Google Home was announced at Google I/O in May. Our sources also confirmed that the personalized base covers Google showed at I/O will be a feature of the final device. $129 also undercuts Amazon's Echo by a full $40, and though matches the price of the portable Amazon Tap, it's clear Google has Amazon's flagship smart home product in its sights with Home. Chromecast Ultra, which we are now all but certain is the name of Google's upcoming 4K version of Chromecast, will come in at $69 retail. As for what it brings beyond 4K, one of our sources claims that HDR is indeed on the list of bullet points.
Security

Sad Reality: It's Cheaper To Get Hacked Than Build Strong IT Defenses (theregister.co.uk) 183

It's no secret that more companies are getting hacked now than ever. The government is getting hacked, major corporate companies are getting hacked, and even news outlets are getting hacked. This raises the obvious question: why aren't people investing more in bolstering their security? The answer is, as a report on The Register points out, money. Despite losing a significant sum of money on a data breach, it is still in a company's best interest to not spend on upgrading their security infrastructure. From the report: A study by the RAND Corporation, published in the Journal of Cybersecurity, looked at the frequency and cost of IT security failures in US businesses and found that the cost of a break-in is much lower than thought -- typically around $200,000 per case. With top-shelf security systems costing a lot more than that, not beefing up security looks in some ways like a smart business decision. "I've spent my life in security and everyone expects firms to invest more and more," the report's author Sasha Romanosky told The Reg. "But maybe firms are making rational investments and we shouldn't begrudge firms for taking these actions. We all do the same thing, we minimize our costs." Romanosky analyzed 12,000 incident reports and found that typically they only account for 0.4 per cent of a company's annual revenues. That compares to billing fraud, which averages at 5 per cent, or retail shrinkage (ie, shoplifting and insider theft), which accounts for 1.3 per cent of revenues. As for reputational damage, Romanosky found that it was almost impossible to quantify. He spoke to many executives and none of them could give a reliable metric for how to measure the PR cost of a public failure of IT security systems.
Microsoft

Salesforce, Google, Microsoft, Verizon Are In Talks With Twitter For a Potential Acquisition (cnbc.com) 65

Twitter is in conversation with a number of tech companies for a potential sale. The social company is in talks with Google and cloud computing company Salesforce (which also wanted to purchase LinkedIn), and may receive a formal offer soon, reports CNBC. TechCrunch corroborating on the report adds that Microsoft and Verizon are also in talks, albeit separately, with Twitter for the same. From CNBC report: Shares of Twitter were up 20 percent Friday. Twitter's board of directors is said to be largely desirous of a deal, according to people close to the situation, but no sale is imminent. There's no assurance a deal will materialize, but one source close to the conversations said that they are picking up momentum and could result in a deal before year-end. Suitors are said to be interested as much in the data that Twitter generates as its place as a media company.
Businesses

Jawbone Fails To Pay Key Business Partners and Has Almost No Inventory In Stock: Sources (businessinsider.com) 67

BarbaraHudson writes: The battle between Fitbit and Jawbone may be coming to an end. Business Insider is reporting that wearable fitness maker Jawbone is facing some serious financial problems as the company has almost no inventory in stock and is running out of options to generate revenue. If you click on any of the products for sale on their site, it will say that they're all sold out. Business Insider reports: "Jawbone's Facebook page is littered with complaints from customers saying they have been unable to get in touch with a customer service representative to help with defective products. The Jawbone Facebook account has been responding to these issues, blaming a backup of complaints for the delays. A Jawbone spokesperson said the complaints were because of Jawbone's customer service restructuring. Another person close to Jawbone told Business Insider that there is almost no inventory left and the company is running out of options to generate revenue. The speculation among some Jawbone employees now is that the company might sell to a private equity firm if it can't raise more money, the person close to the company said. Jawbone also declined to explain why its inventory has sold out. A spokesperson said, 'they have sold through what they have to sell.' The company said it was not because it couldn't pay vendors though. It would not provide any estimate on when products would be available for sale on its site again, but did say it planned to make more products." The report says that, according to an internal NexRep email, the company cut ties with the customer service agency NexRep earlier this month after Jawbone failed to make payments. "The email, written to NexRep employees by a NexRep executive, claims that Jawbone is 'struggling financially' and that it couldn't pay NexRep for its services," reports Business Insider. "It also says Jawbone is 'fighting hard' to raise more funding. 'Jawbone is not able to pay us for past services, and their ability to pay us in the future is uncertain at this point,' the NexRep email reads." This resulted in "many staffers being laid off."

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