Some freelance hackers get paid $500,000 a year to test defenses of companies like Tesla

Freelance elite hackers can make more than $500,000 a year searching for security flaws and reporting those issues at big companies like Tesla and organizations like the Department of Defense, according to new data released by ethical hacking platform Bugcrowd. div > div.group > p:first-child »> The company, founded in 2012, is one of a handful of so-called « bug bounty » firms that provide a platform for hackers to safely chase security flaws at companies that want to be tested. Hackers work on a clearly defined contract for a…

‘Forced tech transfers’ have to stop or be regulated, says EU ambassador to China

The European Union has a vested interest in promoting technology exchanges with China, but any transfers should be regulated, said the trade bloc’s ambassador to China on Wednesday. div > div.group > p:first-child »> « For the last 40 years, EU companies have provided most of the foreign tech that is in China, about 50 percent of what is today in China, » said Nicolas Chapuis, ambassador of the EU delegation to China. However, there are concerns about issue surrounding market access in exchange for technological transfer, he said. «…

Marriot cyberattack traced to Chinese intelligence-gathering effort: NYT

A massive cyberattack on the Marriott hotel chain was part of a Chinese intelligence-gathering effort, The New York Times reported on Tuesday, citing two people briefed on the preliminary results of the investigation. div > div.group > p:first-child »> The hackers are suspected of working on behalf of the Ministry of State Security, The Times added. An unknown attacker stole information including emails, names, addresses, passport numbers and possibly payment card information, in a slow-moving attack that lasted four years. The breach, which affected 500 million guests, was disclosed by…

Google will face ‘direct threat’ if Congress favors consumers on privacy, says cybersecurity expert

Google could run into problems with privacy policies if Congress is more receptive to consumer advocates than to the company’s views on regulations, former Facebook privacy and public policy advisor Dipayan Ghosh told CNBC on Tuesday. div > div.group > p:first-child »> « If things do go in that direction, then I think the business model underlying Google, and companies like Google, will be under a more direct threat, » he said on « Closing Bell. » The comments came after Google CEO Sundar Pichai appeared before a congressional committee,…

Canada grants bail for arrested Huawei CFO who faces US extradition

A Vancouver judge set a $10 million CAD bail ($7.5 million U.S.) for Huawei Chief Financial Officer Meng Wanzhou Tuesday, capping a week of increasing trade tensions and strong market reactionsaround the dispute between the Department of Justice and one of China’s largest hardware companies. div > div.group > p:first-child »> The United States had asked the Vancouver court to deny bail for Meng, whose father is a billionaire and a founder of Huawei, calling her a flight risk. Canada has been expected to extradite Meng to the United States…

Amazon Alexa can now help you monitor your blood pressure

Amazon is teaming up with Omron Healthcare, which makes blood pressure monitors, as it looks for new ways to bring its voice technology into health care. div > div.group > p:first-child »> The move comes as Amazon makes a deeper push into health and wellness in many parts of the company. CNBC reported in May that Amazon has an Alexa team staffed with more than a dozen people focused on applications ranging from maternity care to chronic disease. In the summer of 2017, the company worked with drugmaker Merck to…

Sure, Verizon blew $4.6 billion on AOL and Yahoo, but at least it isn’t AT&T

Sometimes the scope of the strikeout matters. div > div.group > p:first-child »> When Verizon acquired Yahoo for $4.8 billion in 2016 after spending $4.4 billion for AOL a year earlier, investors and analysts were skeptical. It turns out they were right to be. Verizon announced Tuesday it was writing off $4.6 billion from those two deals, erasing nearly half of the companies’ combined value. At the time, Verizon weathered criticism about not only buying past-the-prime assets but also being too cautious with its acquisition strategy. Its primary competitor, AT&T,…

Tesla is seeking $167 million in damages from the former employee Elon Musk accused of sabotage

Tesla is seeking more than $167 million in a lawsuit against former employee Martin Tripp, recent legal filings revealed. div > div.group > p:first-child »> In the lawsuit, which was filed by the electric car maker in June, Tesla alleges that Tripp, a former process engineer, had illegally exported data and made false claims to reporters, among other things. Tripp had earlier claimed in a number of press interviews that Tesla engaged in poor manufacturing practices at its massive battery plant outside of Reno, Nevada, and that it may have…

A guy dressed up like the Monopoly man is sitting behind Google’s CEO as he testifies in Congress

A person dressed as the mustachioed character from the popular game « Monopoly » was back in congress on Tuesday for Google CEO Sundar Pichai’s hearing in front of the House Judiciary Committee. div > div.group > p:first-child »> Tweet The self-dubbed Monopoly Man, identified as Ian Madrigal on social media, first made their debut at the Senate’s Equifax hearings last year. Madrigal, who recently changed their name from Amanda Werner and uses gender neutral pronouns, said in a statement on Twitter they were holding a « Get-Out-Of-Jail-Free Card »…

Start-up Spire Global lands deal with Europe’s Galileo satellites for predictive weather data

Satellite analytics company Spire Global is the first in the world to partner with the European Union’s Galileo constellation to gather advanced weather data, the company told CNBC exclusively on Tuesday. div > div.group > p:first-child »> The data is worth as much as $2.7 billion over the next 25 years to Spire, CEO Peter Platzer estimated. Platzer will announce the partnership officially on Tuesday afternoon at Morgan Stanley’s Space Summit in New York City. Two of Spire’s recently launched satellites used signals from the Galileo satellite constellation to measure…

A Nasa space capsule has become the second craft in history to reach interstellar space

A NASA spacecraft has become only the second manmade object in history to reach interstellar space. div > div.group > p:first-child »> NASA’s Voyager 2 has now exited the heliosphere – the protective bubble of particles and magnetic fields created by the Sun – the space agency announced on Monday. The craft is now 11 billion miles from earth, in a boundary area known as the heliopause, where it will collect ground-breaking data. Twin probe Voyager 1 crossed into the heliopause in 2012, but its Plasma Science Experiment (PLS) instrument…

It’s getting easier for shoppers to skip the line by buying online and picking up in store

Many shoppers this holiday season are looking to avoid waiting in long lines at stores to check out, or spending hours wandering around cramped aisles, bumping into other people doing much of the same. And there’s good news for them, because retailers all across the U.S. — Target, Home Depot, Kohl’s and others — are finally giving consumers more options to bypass this stress, and they’re getting better at it. div > div.group > p:first-child »> Already, a record $80.3 billion has been spent online from Nov. 1 to Dec.…

Verizon takes a $4.6 billion charge on its media business as it fails to meet expectations

Verizon will take a $4.6 billion goodwill impairment charge as the company’s media business fails to meet expectations, according to a regulatory statement filed Tuesday. div > div.group > p:first-child »> « Verizon’s Media business, branded Oath, has experienced increased competitive and market pressures throughout 2018 that have resulted in lower than expected revenues and earnings, » the filing reads. « These pressures are expected to continue and have resulted in a loss of market positioning to our competitors in the digital advertising business. » Verizon says the media segment…

Cowen’s internet analyst calls Amazon his best idea for 2019, sees another 40% gain

Cowen’s internet analyst said Amazon is his best idea for 2019 as he sees multiple opportunities that will generate solid revenue and margin growth in the coming years including international growth, cloud business and advertising. div > div.group > p:first-child »> Amazon will post 17 percent annual revenue growth the next five years, Cowen’s John Blackledge predicts in a note on Tuesday, and that will keep the share price moving higher. His 12-month price target for Amazon at $2,250 would translate into a gain of 37 percent. « Amazon has…

Sundar Pichai’s Congressional grilling culminates a tough year for Google

It’s Sundar Pichai’s turn in the Congressional hot seat. div > div.group > p:first-child »> Google’s CEO will testify before the House Judiciary Committee on Tuesday where lawmakers will likely grill him on a wide range of issues, including potential political bias on its platforms, its plans for a censored search app in China, its privacy practices and more. This will be the first time Pichai appears before Congress, since Google declined to send him or Alphabet CEO Larry Page to a hearing on foreign election meddling earlier this year.…

Fintech start-up Plaid raises $250 million at $2.7 billion valuation, adds Mary Meeker to board

Fintech company Plaid just hit a key Silicon Valley milestone: A multi-billion dollar valuation. div > div.group > p:first-child »> The start-up announced a $250 million funding round on Tuesday, led by Kleiner Perkins’ veteran partner Mary Meeker, who will also be joining Plaid’s board. Andreessen Horowitz and Index Ventures were among the new investors while former backers Goldman Sachs, NEA and Spark Capital participated, too. The cash injection brings Plaid’s valuation to $2.65 billion, according to a source familiar with the fundraising, who asked not to be named because…

Facebook and Google could face crackdown in Australia

An Australian government review has suggested implementing a series of tough measures to curb the influence of U.S. tech giants. div > div.group > p:first-child »> Establishing a watchdog dedicated to regulating how Google and Facebook publish news, and preventing Google Chrome from being installed as the go-to browser on Australian devices, were among recommendations published by the Australian Competition and Consumer Commission (ACCC) on Monday. The ACCC expressed concern in its report that tech giants were damaging Australia’s traditional media outlets, as well as creating « filter bubbles »…

Uber reportedly wants to offer London bus and Tube data in its app

Uber is seeking to partner with London’s transport authority to incorporate Tube and bus timetables into its app, the Financial Times reported on Tuesday. div > div.group > p:first-child »> Citing un-named people familiar with the matter, the FT said Uber has spoken with Transport for London (TfL) about « deepening » their relationship. The newspaper said Uber’s long-term ambitions include accepting payments on behalf of TfL and building a journey planner that would integrate public transportation data, including live updates, into the Uber app. Uber and TfL were not…

US, China and Europe have different data laws — that could be a big headache for firms in 2019

Governments in the U.S., Europe and China handle and regulate data very differently — that’s a major challenge that businesses have to navigate in 2019, according to consultancy Control Risks. div > div.group > p:first-child »> In China, data is seen as an economic — and potentially political — advantage that has to be guarded and contained within the country, explained Richard Fenning, the chief executive of Control Risks. In Europe, privacy is of utmost importance and must be protected, which resulted in the implementation of a new law called…

Cramer Remix: This is a good stock in a bad market

For investors scouring the increasingly volatile stock market in search of good investments, CNBC’s Jim Cramer suggested an under-the-radar name on Monday: Zuora Inc. div > div.group > p:first-child »> « [CEO] Tien Tzuo delivered a good number, » in late November, Cramer, host of « Mad Money, » told a lightning round caller. « It’s just that this stock is just violently out of favor. » But « this is when you put a stock like Zuora away, » he said. « I believe in the subscription economy. I…

Splunk CEO talks data analytics company’s new capabilities in voice, AR

Splunk’s data analytics business doesn’t stop at the keyboard, President and CEO Doug Merritt told CNBC on Monday in an exclusive interview with Jim Cramer. div > div.group > p:first-child »> « You can now talk to Splunk through Alexa, Siri or other natural-language frameworks and have Splunk respond back to you, » the CEO said on « Mad Money. » Merritt said that the idea to connect Splunk’s growing database with voice-enabled assistants came from the question of « how to bring the power of Splunk to everybody within…

Google gears up for congressional hearing with patriotic prepared remarks

CEO Sundar Pichai put an emphasis on Google’s patriotism in his prepared remarks for a congressional hearing on Tuesday where he’ll likely face questions about purported bias against conservative content. div > div.group > p:first-child »> « Even as we expand into new markets we never forget our American roots, » he wrote. Tuesday’s hearing will focus on potential political bias in Google’s search engine, as well as the company’s data filtering practices, with House Majority leader Kevin McCarthy (R-Ca.) in a statement highlighting claims that Google’s « business practices…

This image of Spain is the first from an all-seeing satellite constellation by startup ICEYE

Satellite startup ICEYE is riding a wave of success this year. Just days after its launch, the company got back its first image from ICEYE-X2, its second satellite. The company gave CNBC an exclusive look at the image on Monday. div > div.group > p:first-child »> The first ICEYE-X2 image shows the mountainous areas of Spain’s Basque Country at night. Forest, roads and agriculture are visible in the image, which contains over 500 square kilometers, captured at a resolution of 3 by 3 meters. That’s the expected, medium resolution for…

The Huawei case will finally force the US to prove some claims it’s made about Chinese companies

For more than two decades, the U.S. government has been strongly asserting the Chinese military colludes with Chinese corporations to steal intellectual property, spy on U.S. companies, conduct lucrative business with sanctioned entities and actively hack American organizations. div > div.group > p:first-child »> Now, the U.S. government has their first tangible crack at one of those corporations, Huawei, after years of making these types of claims. The stakes couldn’t be higher for the Justice Department to prove them. On Dec. 1, the U.S. essentially left one of our closest…

Apple files appeal to overturn iPhone sales ban in China

Apple has filed an appeal to overturn a broad iPhone sales ban in China, the company told CNBC Monday. div > div.group > p:first-child »> The ban of some iPhone models, announced earlier Monday, follows a request for injunction by Qualcomm, which has been locked in a legal battle with Apple for years. The chipmaker is alleging patent violations on features that lets users reformat the size and appearance of photos and manage applications on a touchscreen when navigating through phone apps. The two preliminary injunctions were granted Monday by…

Salesforce hires chief ethical and humane use officer following Benioff’s criticism of Facebook

As Google and Facebook reckon with a barrage of privacy issues and technology workers start demanding more transparency from their employers, Salesforce has just announced the hire of its first chief ethical and human use officer. div > div.group > p:first-child »> Salesforce said on Monday that Paula Goldman is joining the company from Omidyar Network, the investment firm created by eBay founder Pierre Omidyar. She starts on Jan. 7, and will report to Tony Prophet, Salesforce’s chief equality officer, who came from Microsoft in 2016. Her job is to…

Google is shutting down its Plus social network sooner than expected after second security bug found

Google is shutting down its beleaguered social network sooner than expected in the wake of a new security issue that affected 52.5 million users. div > div.group > p:first-child »> Google Plus received its initial kiss of death in early October, when the company revealed that a security bug had exposed the account information of 500,000 users, including their names, email addresses, and occupations. At the time, Google planned to shut down the social network by August 2019. But in a blog post Monday Google wrote that it discovered a…

You can now ask Amazon Alexa to read your email messages and respond by voice — here’s how

Amazon announced several new features for its Alexa voice assistant on Monday, but the most compelling of the bunch is a new option that lets you ask Alexa to read your newest emails to you. And, if you want, you can delete an email or reply to it by voice. div > div.group > p:first-child »> There are a couple of things to note before we get started. First, it only supports email accounts from Google’s Gmail, and Microsoft’s Outlook.com, Hotmail and Live.com right now. Also, because Alexa reads your…

Apple falls after Chinese court bans sale of most iPhones

Apple was down about 2 percent Monday morning after a Chinese court banned the import and sale of most iPhone models in the country as part of an injunction. Qualcomm requested the injunction for alleged patent violation and announced the news in a statement Monday morning. div > div.group > p:first-child »> Qualcomm alleged that Apple violated two patents it holds on features that lets users reformat the size and appearance of photos and manage applications on a touch screen when navigating through phone apps. The two preliminary injunctions were…

Elon Musk ‘thinks he’s above the law’: Cramer on the Tesla CEO’s combative ’60 Minutes’ interview

CNBC’s Jim Cramer says he’s baffled over why Tesla CEO Elon Musk would continue to antagonize government regulators. div > div.group > p:first-child »> In a wide-ranging interview on the CBS program « 60 Minutes »that aired Sunday, Musk said, « I want to be clear: I do not respect the SEC. » But he added he would comply with the agreement he made with the agency for allegedly misleading investors in an August tweet about possibly taking the electric automaker private. « This man plays by no rules. He’s…