Posted on Wednesday October 24, 2018
Yahoo has agreed to pay $50 million in damages and provide two years of free credit-monitoring services to 200 million people whose email addresses and other personal information were stolen as part of the biggest security breach in history. "The restitution hinges on federal court approval of a settlement filed late Monday in a 2-year-old lawsuit seeking to hold Yahoo accountable for digital burglaries that occurred in 2013 and 2014, but weren't disclosed until 2016," reports ABC News. From the report: Claims for a portion of the $50 million fund can be submitted by any eligible Yahoo accountholder who suffered losses resulting from the security breach. The costs can include such things as identity theft, delayed tax refunds or other problems linked to having had personal information pilfered during the Yahoo break-ins. The fund will compensate Yahoo accountholders at a rate of $25 per hour for time spent dealing with issues triggered by the security breach, according to the preliminary settlement. Those with documented losses can ask for up to 15 hours of lost time, or $375. Those who can't document losses can file claims seeking up to five hours, or $125, for their time spent dealing with the breach. Yahoo accountholders who paid $20 to $50 annually for a premium email account will be eligible for a 25 percent refund. The free credit monitoring service from AllClear could end up being the most valuable part of the settlement for most accountholders. The lawyers representing the accountholders pegged the retail value of AllClear's credit-monitoring service at $14.95 per month, or about $359 for two years -- but it's unlikely Yahoo will pay that rate. The settlement didn't disclose how much Yahoo had agreed to pay AllClear for covering affected accountholders.
Posted on Wednesday October 24, 2018
The Internet of Things (IoT) is a network of vehicles, appliances, and devices embedded with actuators, connectivity, software, electronics, and sensors that allow users to connect and swap data. The business world is steadily changing with the implementation of IoT in the following methods.
Posted on Tuesday October 23, 2018
A peer-reviewed study [PDF] of almost one million Android apps has revealed how data from smartphones are harvested and shared, with nearly 90 percent of apps set up to transfer information back to Google. From a report: Researchers at Oxford university analysed approximately a third of the apps available in Google's Play Store in 2017 and found that the median app could transfer data to 10 third parties, with one in five apps able to share data with more than 20. This year has seen unprecedented scrutiny over how websites use the data they collect from their users, but little attention has so far been paid to the sprawling and fast-growing world of smartphone apps. Reuben Binns, the computer scientist who led the project, said that because most apps have now moved to a "freemium" model, where they make revenues from advertising rather than sales, data sharing has spiralled out of control. Users, regulators and sometimes even the app developers and advertisers are unaware of the extent to which data flow from smartphones to digital advertising groups, data brokers and intermediaries that buy, sell and blend information, he said. "This industry was growing already on the web... when smartphones came along, that was a new opportunity," he said. "It feels like this legitimate business model has gone completely out of control and created a kind of chaotic industry that is not understood by the people who are most affected by it."
Posted on Tuesday October 23, 2018
Moving to the cloud can save you a considerable amount of money, which explains its rise in popularity over the years. What many business owners fail to realize is that some cloud services come with hidden costs. And while they might seem insignificant at first, they can add up to a staggering amount if left unchecked. Minimize your cloud expenditures with these five tips:
Posted on Monday October 22, 2018
Investing in customer relationship management (CRM) software is absolutely essential for small- and medium-sized businesses that want to up their sales performance. It helps sales departments understand their clients, tailor their marketing efforts, and more. If your business isn't using CRM yet, here are five reasons why you should.
Posted on Sunday October 21, 2018
As automotive companies shift their focus to software and services in the pursuit of self-driving cars, the impact to large manufacturing cities like Detroit could be drastic. The Wall Street Journal explores this "transformation without precedent" and poses the question: will tech leave Detroit in the dust? From the report: Auto makers point out that they have one advantage that newcomers to the industry don't: vehicles. "Ultimately, you can have the best services platform there is, but if you don't have the vehicles to operate on it, that won't do you much good," said Sam Abuelsamid, a senior analyst with Navigant research. "That's where the manufacturers have an ace in the hole." Many analysts believe businesses like Uber and Alphabet's self-driving tech subsidiary Waymo won't have the appetite to get into the low-margin, capital-intensive business of car manufacturing. Some auto executives say they can hold on to their roles as hardware providers while also tapping into the growth of more-profitable services. Mr. Stackmann said VW can earn millions more customers than it currently has by offering transportation as a service through a network of connected cars. "They talk about scalability, but where is the added value from Uber?" he said. "We have a technical foundation and will build connectivity into our vehicles to connect them and our customers to our ecosystem. In the long term, the question will be: Why do you need Uber?"
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