Technology

AIG launches new cyber threat analysis to gauge companies' risks

(Reuters) – American International Group Inc (AIG.N) has ramped up its analysis for insuring against cyber attacks, using a system that scores a company’s risk of having a breach along with safeguards it has in place, the insurer said on Tuesday. FILE PHOTO: The AIG logo is seen at its …

Technology

Irish start-up helps local shops compete with online giants

LONDON (Reuters) – Pointy, a Dublin-based firm with Silicon Valley backers, is solving the problem of how to make it easier for people to find products they want close to home, as shopping online gets easier but locating what you want locally remains elusive. FILE PHOTO: A device developed by …

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Tech firms could be held liable for extremism and abuse

Google, Facebook and Twitter should be held liable for illegal and dangerous content on their platforms, an ethics body has said. The BBC understands that the Committee on Standards in Public Life (CSPL) will urge the government to introduce new laws on extremist and abusive content. Prime Minister Theresa May …

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'You are being programmed,' former Facebook executive warns

A former Facebook executive has given a speech blasting the social network for ripping society apart. Chamath Palihapitiya, who worked as Facebook’s vice president for user growth, gave a talk at the Stanford Graduate School of Business last month in which he described feeling “tremendous guilt’ in helping the company …

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Netflix defends A Christmas Prince tweet

Netflix has defended a tweet that revealed 53 people had watched its new Christmas film every day for 18 days in a row. “Who hurt you?” read the tweet, addressed to them. The tweet caused controversy, with some saying it was “creepy” of the platform to keep such close tabs …

Technology

PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

SEATTLE (Reuters) – PepsiCo Inc (PEP.N) has reserved 100 of Tesla Inc’s (TSLA.O) new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday. FILE PHOTO: …

Technology

Airbnb drops controversial payment card in France

PARIS (Reuters) – Short-term rental website Airbnb has agreed to withdraw a controversial payment system in France after government officials, including finance minister Bruno Le Maire, met with its managers on Monday. FILE PHOTO: French Finance Minister Bruno Le Maire delivers a speech as he attends a working session during …

Technology

Taiwan's Far Eastern International fined T$8 million over SWIFT hacking incident

TAIPEI (Reuters) – Taiwan’s financial regulator said on Tuesday it had fined Far Eastern International Bank T$8 million ($266,524) due to deficiencies related to its SWIFT system hacking incident. In October, Taiwan local media reported that hackers sought to steal some $60 million from Far Eastern Bank, and all but …

Technology

Taiwan's Far Eastern Int'l fined T$8 million over SWIFT hacking incident

TAIPEI (Reuters) – Taiwan’s financial regulator said on Tuesday it had fined Far Eastern International Bank T$8 million ($266,524) due to deficiencies related to its SWIFT system hacking incident. In October, Taiwan local media reported that hackers sought to steal some $60 million from Far Eastern Bank, and all but …

Technology

Bitcoin slips to around $16,300, futures volumes drop

SINGAPORE (Reuters) – Virtual currency bitcoin dipped slightly from the previous session’s record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend. A Bitcoin (virtual currency) coin is seen in an illustration picture taken at La Maison …