UPI: JPMorgan Chase will pay $125M to the SEC and $75M to the CFTC for letting some employees use WhatsApp and other unapproved methods to conduct official business — JPMorgan Chase has agreed to pay a $125 million penalty for allowing employees on Wall Street to use smartphone apps …
Author: Sophia
Sophia
Sophia is an entrepreneur and blogger. She is passionate about software, disruptive technology, personal development, and inspiring others.
Adi Robertson / The Verge: Meta’s Oversight Board says the company should be more careful with automated moderation and criticizes removing a cartoon depicting police violence in Colombia — Meta’s Oversight Board says the company should be more careful with automated moderation tools, criticizing it for removing a cartoon depicting police violence in Colombia
Florian Mueller / FOSS Patents: The Coalition for App Fairness loses its best advocate as Horacio Gutierrez, Spotify’s Chief Legal Officer, leaves for The Walt Disney Company — Yesterday I saw on LinkedIn that Horacio Gutierrez is leaving Spotify. He served as Spotify’s Head of Global Affairs and Chief Legal Officer …
Dustin Volz / Wall Street Journal: DOJ says Iranian hackers breached a media company in fall 2020 and tested how to create false news content; sources say Lee Enterprises was targeted — Computer systems of Lee Enterprises, which owns dozens of daily papers, were targeted in disinformation campaign
Muhdan Saglam / Middle East Eye: Turkish live streamers expose a fraud ring that used Twitch’s Bit platform to launder ~$10M; Twitch says it has taken action against 150 users — Hundreds of streamers said to have taken 20 percent cut to help launder money stolen by hackers through credit cards
Kyle Wiggers / VentureBeat: Brisbane-based Simpro, which offers work management tools for employees in the field, raises $350M and acquires productivity tools ClockShark and AroFlo — Field service management, which refers to the management of jobs performed in the field (e.g., telecom equipment repair), faces continued challenges brought on by the pandemic.
Gilad Edelman / Wired: A look at the ECASH Act, which would direct the US Treasury to pilot digital dollars that would be stored on hardware and not on a distributed blockchain ledger — If you want the privacy of paper money, you need something that leaves no paper trail. — When you hear the phrase “digital cash,” what comes to mind?
Jabari Young / CNBC: WatchBox, an online marketplace for buying, selling, and trading luxury watches, raises $165M from investors including Michael Jordan and Giannis Antetokounmpo — – WatchBox, a secondary marketplace for watches, attracted Michael Jordan and Giannis Antetokounmpo, as well as other athletes …
Rita Liao / TechCrunch: China’s Zhiyi Tech, which provides AI tools to help fashion brands better predict bestsellers for e-commerce livestreaming, has raised ~$100M over three rounds — In China, live streaming promotion is emerging as a popular way for brands and influencers to reach consumers …
Zack Whittaker / TechCrunch: Records show at least three US federal agencies bought Lorex video surveillance equipment from Chinese firm Dahua Technology despite a government ban — Lorex is owned by Dahua, a technology maker linked to human rights abuses. — At least three U.S. federal agencies, including the military …