Visa Claims Chip Cards Reduced Fraud By 70%

Visa Claims Chip Cards Reduced Fraud By 70%

An anonymous reader quotes Ars Technica:
Although only 59 percent of US storefronts have terminals that accept chip cards, fraud has dropped 70 percent from September 2015 to December 2017 for those retailers that have completed the chip upgrade, according to Visa.
There are a few ways to interpret those numbers. First, it seems like two years has resulted in staggeringly little progress in encouraging storefronts to shift from magnetic stripe to chip-embedded cards, given that in early 2016, 37 percent of US storefronts were able to process chip cards. On the other hand, fraud dropping 70 percent for retailers who install chip cards seems great. Chip-embedded cards aren’t un-hackable, but they do make it harder to steal card numbers en masse as we saw in the Target’s 2013 breach.

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Posted by amiller in Blog, business
New Tech Industry Lobbying Group Argues 'Right to Repair' Laws Endanger Consumers

New Tech Industry Lobbying Group Argues 'Right to Repair' Laws Endanger Consumers

chicksdaddy brings this report from Security Ledger:
The Security Innovation Center, with backing of powerful tech industry groups, is arguing that letting consumers fix their own devices will empower hackers. The group released a survey last week warning of possible privacy and security risks should consumers have the right to repair their own devices. It counts powerful electronics and software industry organizations like CompTIA, CTIA, TechNet and the Consumer Technology Association as members… In an interview with The Security Ledger, Josh Zecher, the Executive Director of The Security Innovation Center, acknowledged that Security Innovation Center’s main purpose is to push back on efforts to pass right to repair laws in the states.

He said the group thinks such measures are dangerous, citing the “power of connected products and devices” and the fact that they are often connected to each other and to the Internet via wireless networks. Zecher said that allowing device owners or independent repair professionals to service smart home devices and connected appliances could expose consumer data to hackers or identity thieves… Asked whether Security Innovation Center was opposed to consumers having the right to repair devices they purchased and owned, Zecher said the group did oppose that right on the grounds of security, privacy and safety… “People say ‘It’s just my washing machine. Why can’t I fix it on my own?’ But we saw the Mirai botnet attack last year… Those kinds of products in the wrong hands can be used to do bad things.”

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Posted by amiller in Blog, Security
Is Cryptocurrency Threatening Earnings at Bank of America?

Is Cryptocurrency Threatening Earnings at Bank of America?

An anonymous reader quotes The Next Web:
One of the world’s largest financial institutions admitted in its annual report that cryptocurrency is a looming threat to its business model. According to a report filed with the SEC by Bank of America, “Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies. Increased competition may negatively affect our earnings by creating pressure to lower prices or credit standards on our products and services requiring additional investment to improve the quality and delivery of our technology and/or reducing our market share, or affecting the willingness of clients to do business with us.”

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Posted by amiller in Blog, money
Dart 2:  Google's Language Rebooted For Web and Mobile Developers

Dart 2: Google's Language Rebooted For Web and Mobile Developers

An anonymous reader quotes InfoWorld:
Google’s Dart language, once positioned a potential replacement for JavaScript in the browser, is being rebooted for client-side web and mobile development in Version 2 of the language. A beta version is now available. Dart 2 features a strengthened type system, a cleaned-up syntax, and a rebuilt developer tool chain.

Dart has a succinct syntax and can run on a VM with a just-in-time compiler, with the compiler enabling stateful, hot reload during mobile development. Developers also gain from fast development cycles where code can be edited, compiled, and replaced in apps running on a device. Compiling code ahead of time provides fast startup, Google said. Dart can be compiled to native code for ARM and x86 platforms. Google has used the language to build applications for iOS, Android, and the web.

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Posted by amiller in Blog, google
Google's 'Bro Culture' Led To Harassment, Argues New Lawsuit By Software Engineer

Google's 'Bro Culture' Led To Harassment, Argues New Lawsuit By Software Engineer

An anonymous reader quotes the Mercury News:
As a young, female software engineer at male-dominated Google, Loretta Lee was slapped, groped and even had a co-worker pop up from beneath her desk one night and tell her she’d never know what he’d been doing under there, according to a lawsuit filed against the Mountain View tech giant… Lee’s lawsuit — filed in Santa Clara County Superior Court — alleges the company failed to to protect her, saying, “Google’s bro-culture contributed to (Lee’s) suffering frequent sexual harassment and gender discrimination, for which Google failed to take corrective action.”
She was fired in February 2016 for poor performance, according to the suit… Lee started at the company in 2008 in Los Angeles and later switched to the firm’s Mountain View campus, according to the suit, which asserts that she “was considered a talented and rising star” who received consistently “excellent” performance reviews. Lee claims that the “severe and pervasive” sexual harassment she experienced included daily abuse and egregious incidents. In addition to making lewd comments to her and ogling her “constantly,” Lee’s male co-workers spiked her drinks with whiskey and laughed about it; and shot Nerf balls and darts at her “almost every day,” the suit alleges. One male colleague sent her a text message asking if she wanted a “horizontal hug,” while another showed up at her apartment with a bottle of liquor, offering to help her fix a problem with one of her devices, refusing to leave when she asked him to, she alleges. At a holiday party, Lee “was slapped in the face by an intoxicated male co-worker for no apparent reason,” according to the suit.

Lee resisted reporting an employee who had grabbed her lanyard and grazed her breasts — and was then written up for being uncooperative. But after filing a report, “HR found her claims ‘unsubstantiated,’ according to the suit. ‘This emboldened her colleagues to continue their inappropriate behavior,’ the suit says.

“Her fear of being ostracized was realized, she claims, with co-workers refusing to approve her code in spite of her diligent work on it. Not getting her code approved led to her being ‘labeled as a poor performer,’ the suit says.”

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Posted by amiller in Blog, google