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Alleged Canadian hacker may not fight U.S. extradition: lawyer

June 16, 2017 TORONTO (Reuters) – The Canadian accused of helping Russian intelligence agents break into email accounts as part of a massive 2014 breach of Yahoo accounts may waive his right to fight a U.S. extradition request, his lawyer said on Friday. Karim Baratov’s lawyer Amedeo DiCarlo said he is in discussions with the Federal Bureau of Investigation and U.S. prosecutors in Washington about the case and will announce a decision at a hearing due on July 7. Baratov, a Canadian citizen born in Kazakhstan, was arrested in March…

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Business email Risk Cooperatives security Tech Top News 

U.S. tech firm in blockchain tie-up with insurance advisory firm

June 16, 2017 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. technology company The Bitfury Group said on Friday it had formed a strategic partnership with advisory firm Risk Cooperative to use the blockchain digital ledger in the $60 billion insurance broking market. Blockchain, a public record of all bitcoin digital currency transactions, can also be used to track assets across industries. Over the last two years, Bitfury has been helping national governments put data on a blockchain. “Blockchain technology can bring transparency and security to the insurance industry, and…

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Arianna Huffington David Bonderman email Tech Top News Uber 

Uber director David Bonderman resigns from board following comment about women

June 14, 2017 By Heather Somerville SAN FRANCISCO (Reuters) – Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company’s board following a remark he made during an Uber staff meeting that was widely seen as offensive to women. Bonderman’s ill-timed remark came during an all-staff meeting Tuesday to discuss of how the ride-services company plans to transform itself following a probe into sexual harassment at the company. Bonderman said in a statement sent to Reuters that he did not want his comments to…

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Business email Heather Somerville Uber 

Uber CEO takes leave of absence amid sweeping changes after scandals

June 14, 2017 By Heather Somerville and Joseph Menn SAN FRANCISCO (Reuters) – Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, one of a series of measures the ride-hailing company is taking to claw its way out from under a mountain of controversies. Kalanick’s move comes after a months-long investigation led former U.S. Attorney General Eric Holder, who was hired by Uber to look into its culture and workplace practices after a female former…

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Business email Heather Somerville Uber 

Uber CEO Kalanick takes leave of absence, to lose some power

June 13, 2017 By Heather Somerville and Joseph Menn SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, citing the need to grieve for his recently deceased mother and to work on his leadership skills, according to an email from Kalanick seen by Reuters. Kalanick, 40, did not say how long he would be away from Uber, the ride-hailing firm that he helped turn into the world’s most valuable venture-backed company,…

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U.S. Justice Department opposes Wells Fargo on whistle-blower suit

June 7, 2017 (Reuters) – The U.S. Justice Department filed a friend-of-the-court brief on Tuesday in a lawsuit brought against Wells Fargo & Co by two former employees, who were fired after they reported misdemeanors they had noticed to their supervisors. The DOJ’s filing concluded that the appellate court, which had earlier dismissed the case, should revisit and modify its analysis. The plaintiffs, Paul Bishop and Robert Kraus, had said the Wall Street bank had requested Federal Reserve loans on various occasions when it was in violation of certain banking…

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Ex-U.S. Congressman Weiner pleads guilty in teen ‘sexting’ case

May 19, 2017 By Brendan Pierson NEW YORK (Reuters) – Former U.S. Congressman Anthony Weiner wept on Friday as he pleaded guilty to sending sexually explicit messages to a teenage girl, capping a “sexting” scandal that played a role in last year’s U.S. presidential election during its waning days. Wearing a navy suit, maroon tie and his wedding band, a tearful Weiner, 52, described his conduct before U.S. District Judge Loretta Preska in New York City. “I have a sickness, but I do not have an excuse,” Weiner said, apologizing…

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Be thankful for the return of volatility: James Saft

May 17, 2017 By James Saft (Reuters) – Wednesday’s bout of equity market volatility may be a blessing in disguise for long-term investors. After a period of unprecedented calm in financial markets, equity market volatility as measured by the VIX index spiked 43 percent, reacting with distress over reports President Donald Trump may have tried to interfere with FBI investigations of his former national security adviser. The S&P 500 index fell 1.8 percent, its worst day in eight months. No one likes losing money, but after a period of extended…

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Starbucks software glitch takes some stores offline

May 16, 2017 By Solarina Ho (Reuters) – Some U.S. and Canadian Starbucks Corp stores were only accepting cash on Tuesday because of a payment system outage that the company blamed on an overnight software update that knocked some cash registers offline. Starbucks spokeswoman Madeleine Löwenborg-Frick said the company pushed out a software update in line with normal practices and that the outage was unrelated to the “WannaCry” ransomware attack that infected more than 300,000 computers worldwide. “Our systems have not been compromised by any third party,” she said in…

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Bank of France warns of phishing attempts using its name

May 11, 2017 PARIS (Reuters) – France’s central bank on Tuesday said there had been an increase in phishing attempts using its name and logo and email addresses purporting to be Bank of France ones. The Bank of France in a statement called the general public “to be very vigilant”. (Reporting by Ingrid Melander; Editing by Alison Williams) The post Bank of France warns of phishing attempts using its name appeared first on One America News Network. Powered by WPeMatico

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