Techmeme
September 8, 2017, 11:50 AM

Top News

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 …
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 …
Anders Melin / Bloomberg:
Three Equifax execs including CFO sold shares worth ~$1.8M days after breach found but before public disclosure; no filings list transactions as scheduled sales  —  Trio didn't know about the intrusion when selling, firm says  —  Shares tumbled in late trading after company disclosed breach
Wall Street Journal:
Sources: FBI is investigating Uber over use of defunct “Hell” program that illegally tracked drivers working for competitors like Lyft  —  Investigators looking at whether Uber's defunct ‘Hell’ internal program was used to interfere illegally with competitors
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.
More: Tech.eu and Mashable
Craig Silverman / BuzzFeed:
Experts say Facebook's reticence to reveal information about advertisers, as other media forums must, threatens the democratic process  —  Sen. Mark Warner suggested that Facebook should disclose the same information about political ads that radio and TV stations are required to.
Robert Hof / SiliconANGLE:
Cloudera acquires machine learning research company Fast Forward Labs, beats Q2 expectations as it reports $89.8M revenue  —  In its second quarter since going public in April, big-data firm Cloudera Inc. managed to beat expectations, reversing a first-quarter disappointment that saw its shares plunge 16 percent the next day.
Gerrit De Vynck / Bloomberg:
Canada-based Kik plans $125M ICO, says it won't allow investors from its home country to participate due to weak guidance from Ontario Securities Commission  —  Messaging app plans to raise $125 million total in offering  —  Kik CEO said ‘weak guidance’ from OSC led to the decision
John Mannes / TechCrunch:
Microsoft and Facebook partner to launch Open Neural Network Exchange format, letting AI developers switch between frameworks easily  —  Facebook and Microsoft announced ONNX, the Open Neural Network Exchange this morning in respective blog posts.  The Exchange makes it easier …

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