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September 8, 2017, 7:30 PM
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memeorandum
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| Dan Goodin / Ars Technica: |
The Equifax breach, affecting ~44% of US population, is possibly the worst leak of personal information ever and was handled poorly by the company — Consumer's most sensitve data is now in the open and will remain so for years to come. — It's a sad reality in 2017 that a data breach …
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| Tony Romm / Recode: |
House Energy and Commerce Committee, Financial Services Committee, and New York attorney general announce probes into Equifax breach — Meanwhile, New York announces its own investigation. — The U.S. Congress plans to probe a massive data breach at the credit-monitoring service Equifax … | Todd Haselton / CNBC: |
Credit agency Equifax says breach affecting up to 143M US consumers found 7/29; sensitive data exposed included DOB, SSN, and 209K credit card numbers — Equifax Inc., which supplies credit information and other information services, said Thursday that a cybersecurity incident …
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Tweets: @techgirl1908, @ryaneshea, @shiraovide, @tedlieu, @howardlindzon, @ericgeller, @westcoastbill, @katie_haun, @jolingkent, @mshelton, @nytimestech, @ericgeller, @nytimes, @haifeili, @madilalexander, @mikeshulman, @polly, @jessysaurusrex, @pwnallthethings, @webster, @bertinbertin, @blowdart, @kylebrussell, @briankrebs, @pwnallthethings, @pwnallthethings, and @equifax
| Wall Street Journal: |
Sources: FBI is investigating Uber over use of defunct “Hell” program that tracked drivers working for competitors like Lyft — Investigators looking at whether Uber's defunct ‘Hell’ internal program was used to interfere illegally with competitors
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Tweets: @binarybits, @shiraovide, @eorden, and @charlesarthur
| Deepa Seetharaman / Wall Street Journal: |
Sources: Facebook is willing to spend $1B through 2018 on original video for its platform, far outpacing its previous outlays on video content — Social-media giant could spend as much as $1 billion to cultivate original shows for its platform — Facebook Inc. FB .65% is loosening … | Ingrid Lunden / TechCrunch: |
Volvo acquires assets of car valet startup Luxe, which had raised $75M+ in funding — After a pivot and months of speculation about the future of car valet and concierge startup Luxe, the company has finally found a home. Today, automaker Volvo Cars announced that it is acquiring the startup's platform … | Sumit Chakraberty / Tech in Asia: |
Indian budget hotel aggregator OYO raises $250M Series D led by SoftBank Vision Fund, with Sequoia, Lightspeed, Greenoaks, and Hero Enterprise participating — Japanese giant SoftBank is keeping its faith in India's budget accommodation provider Oyo, despite its mounting losses and growing competition.| Steve Dent / Engadget: |
AT&T, Sprint, T-Mobile, and Verizon form Mobile Authentication Taskforce to create new open standard and fix security flaws present in current SMS-based 2FA — Two-factor authentication (2FA) via SMS and a smartphone provides a heavy dose of additional security for your data … | Natt Garun / The Verge: |
Zelle, a Venmo-like P2P payment network backed by major US banks, will launch a standalone app on September 12 — Zelle, a new payment service backed by more than 30 US banks, will launch its standalone app on September 12th to take on competitors like Venmo and Square Cash.
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TechCrunch, Digital Trends, zellepay.com, CNET, Reuters, Finextra Research, and Engadget
| Basil Enan / The Official Medium Blog: |
Medium adds curated articles from The New York Times, Financial Times, The Economist, Foreign Policy, and others to its premium membership program — Members can enjoy curated selections from The New York Times, The Financial Times, The Economist, and more| Stan Higgins / CoinDesk: |
Filecoin blockchain data storage network completes ICO by raising a record $257M including $52M presale, surpassing the $232M raised by Tezos — Blockchain data storage network Filecoin has officially completed its initial coin offering (ICO), raising more than $257 million over a month of activity.| Taylor Soper / GeekWire: |
TraceMe, founded by NFL star Russell Wilson, raises $9M led by Madrona, with Bezos, Chad Hurley, and Joe Tsai participating, to connect celebs with “superfans” — As Russell Wilson describes the ethos of his new startup, it feels like you're inside his Seahawks huddle, driving down the field in the fourth quarter.
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Fortune, TechCrunch, App Store, CNBC, Forbes, Yahoo Sports, CNET, and PE Hub Blog. Tweets: @basche42. Thanks:@toddbishop
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