This is what it really looks like inside a bank’s cybersecurity center right before an attack

Businessman standing in front of window with business thinking.baona | iStock | Getty ImagesThe following is a modified excerpt from CNBC cybersecurity reporter Kate Fazzini’s « Kingdom of Lies: Unnerving Adventures in the World of Cybercrime, » on sale wherever books are sold. Names of corporations and individuals have been changed to protect sources. In 2012 and 2013, Iranian sponsored distributed denial of service (DDoS) attacks that took down the websites of several prominent banks, including NOW Bank, one of the world’s largest.The attacks were not damaging in terms of monetary losses,…

Here’s how the Apple Watch will soon help protect your hearing

You shouldn’t be in an environment louder than 100 decibels for longer than 3 minutes, according to the World Health Organization.Todd Haselton | CNBCApple will update the Apple Watch with its latest software, watchOS 6 in the fall. It’ll include a new feature called Noise that can be used to notify you if the environment you’re in is loud enough to damage your hearing. I tried it out using the watchOS 6 beta, and it’s pretty neat.Noise is off by default. But you can turn it on inside the new watchOS…

Here’s how big tech companies like Google and Facebook set salaries for software engineers

Spencer Platt | Getty ImagesWhen recent college graduates and friends Zuhayeer Musa and Zaheer Mohiuddin started to break into the software industry, everything they found on the internet about engineering jobs seemed to be missing the actual information they needed: How much do these jobs pay?Software engineers straight out of college often make six-figure salaries, not counting equity compensation. Depending on seniority, some coders make millions of dollars per year. But where on that spectrum any given engineer lands often depends on a single number — what’s often called a…

Apollo in talks to finance Dish Network bid for T-Mobile and Sprint assets

Charles Ergen, chairman and co-founder of Dish Network CorpJonathan Alcorn | Bloomberg | Getty ImagesPrivate equity group Apollo Global Management is in talks with satellite TV provider Dish Network to finance a bid for wireless assets that will be divested in the proposed merger between T-Mobile and Sprint, according to two people familiar with the matter.The two U.S. wireless carriers have agreed to sell prepaid brand Boost Mobile to gain regulatory approval for the $26 billion merger. Sources said that Dish is interested in the assets.The talks between Apollo and…

Alphabet investors and employees are planning a joint demonstration at shareholders’ meeting

Larry PageDavid Paul Morris | Bloomberg | Getty ImagesGoogle employees and shareholders are coordinating a joint demonstration at Alphabet’s shareholder meeting next Wednesday.The groups will try to pressure company stakeholders and leaders to vote on proposals that ban non-disclosure agreements in harassment and discrimination cases and tie executive compensation to its diversity goals. Another includes a proposal to publish a human rights impact assessment for its potential search engine with China called Project Dragonfly.The joint effort comes as Google employees and partners become increasingly vocal over company policies and government…

Ex-FTC chief: Elizabeth Warren right to worry about Big Tech power but wrong to seek break up

Lawmakers need to strike a balance between calls for breaking up Big Tech and focusing more on data privacy regulation, former Federal Trade Commission Chairman William Kovacic told CNBC on Friday. « There’s a synthesis of these two positions, » Kovacic said in a « Squawk Box » interview. He led the FTC during George W. Bush’s presidency from 2008-2009.Massachusetts Sen. Elizabeth Warren — one of the many candidates seeking the 2020 Democratic presidential nomination — published a blog post in March called, « Here’s how we can break up Big Tech, » which…

Google CEO says regulating tech could have ‘unintended consequences’

Google CEO Sundar Pichai testifies during a House Judiciary Committee hearing on Capitol Hill in Washington, DC, December 11, 2018.Saul Loeb | AFP | Getty ImagesGoogle CEO Sundar Pichai said he’s concerned about the « unintended consequences » of tech regulation as his company reportedly faces an antitrust probe from the U.S. Justice Department. « I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences, » Pichai said in an interview with CNN’s Poppy Harlow. « You know, if you take…

Cisco and American Well are teaming up to let you talk to your doctor from your TV

Cisco CEO Chuck Robbins speaks at the 4th World Internet Conference in Wuzhen, China, in December 2017.- | AFP | Getty ImagesCisco is teaming up with telemedicine provider American Well on a project to convert people’s television sets into a virtual medical office.The tech giant in the early stages of developing a device that sits on top of televisions and integrates with American Well’s technology. The idea is to target people who have serious medical conditions, as well as older Americans, who might regularly need medical assistance. These users would…

Facebook, Google and Twitter need to do more to tackle fake news, EU says

Facebook CEO Mark Zuckerberg makes his keynote speech during Facebook Inc’s annual F8 developers conference in San Jose, California, U.S., April 30, 2019.Stephen Lam | ReutersFacebook, Google and Twitter ramped up their efforts to fight fake news ahead of elections last month but « more needs to be done » in the face of ongoing threats from Russia, EU officials said Friday.In a joint statement and report, the EU reported evidence of « coordinated inauthentic behavior » such as bots and fake accounts trying spread divisive content on online platforms…

Huawei delays foldable phone launch until September to do extra tests after Samsung’s troubles

Huawei’s Mate XBenjamin Hall | CNBCHuawei said its foldable phone will launch in September, slightly later than it was reportedly set to, as it does extra tests following the debacle Samsung went through with its rival device.A spokesperson for the Chinese technology giant told CNBC on Friday that the company is trying to launch the Huawei Mate X globally, focusing on markets that are rolling out next-generation mobile networks known as 5G. The Mate X, which starts at around 2,299 euros or roughly $2,600, is a 5G-capable device.The Mate X…

Uber, payments firms reportedly sign on to back Facebook’s blockchain project

Uber, PayPal, Visa and Mastercard have committed to support Facebook’s upcoming blockchain project, according to a Wall Street Journal report on Thursday.Facebook has already signed up more than a dozen companies to support its blockchain effort, according to the Thursday report. The companies will invest approximately $10 million into a consortium that will govern Facebook’s cryptocurrency effort.That project will reportedly be unveiled as soon as next week. Multiple reports in recent months have said Facebook is putting together a cryptocurrency tied to the value of government-issued currencies.The companies did not…

CBS-Viacom merger talks are about to get serious, but CBS board has concerns about leadership

Shari Redstone, chairman and chief executive officer of Cinebridge Ventures Inc.Michael Nagle | Bloomberg | Getty ImagesCBS and Viacom are expected to begin seriously discussing a merger next week, culminating months of speculation about an eventual combination, according to people familiar with the matter.CBS is holding a meeting of board members tomorrow, and though no formal announcements are planned, the board of directors is expected to decide to increase the level of seriousness around discussions with Viacom, said the people, who asked not to be named because the discussions are…

Apple makes Comcast and Charter sell iPads, other devices as part of mobile deal

Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019.Mason Trinca | ReutersComcast and Charter have learned a hard lesson as they build out their mobile offerings: this is Apple’s world, and they’re just living in it.As part of their deal to carry the iPhone with their fledgling mobile plans, Apple has compelled the two largest U.S. cable companies to sell large numbers of other Apple devices as well, according to people familiar with the matter. (Comcast owns NBCUniversal, the parent company…

Broadcom falls after slashing revenue guidance

Hock Tan, chief executive officer of BroadcomMartin H. Simon | Bloomberg | Getty ImagesShares of chipmaker Broadcom fell more than 7% on Thursday after the company reported lower-than-expected revenue for the second quarter of its 2019 fiscal year, which ended on May 5.Here are the key numbers:Earnings: $5.21 per share, excluding certain items, vs. $5.16 per share as expected by analysts, according to Refinitiv.Revenue: $5.52 billion, vs. $5.68 billion as expected by analysts, according to Refinitiv.Broadcom’s revenue grew 10% year over year in the quarter, according to a statement.In recent…

Tesla loses key Autopilot engineer to self-driving truck start-up Embark

Embark self-driving truckEmbarkZeljko Popovic, a leader within Tesla’s Autopilot team, is leaving for Embark, the autonomous trucking start-up in San Francisco, according to a person familiar with the move. Embark confirmed the hire.The departure comes at a critical time, as Tesla is promising its electric vehicles will be capable of operating as « robotaxis » by the end of next year — which is to say, they’d be fully self-driving in normal conditions, without human intervention. Tesla also says it plans to start production of its long-awaited electric semi trucks by the…

Allscripts is buying ZappRx, a prescription drug start-up

Zoe Barry, CEO and co-founder, ZappRxSource: Zoe Barry Medical software company Allscripts has bought ZappRx, a start-up that aimed to modernize how people access prescription medicines, say two people familiar with the deal, the company confirmed on Thursday.ZappRx raised more than $40 million from investors ranging from GV, Alphabet’s early-stage venture arm, and SR One, the corporate venture firm for pharmaceutical giant GlaxoSmithKline. Two people familiar with the deal declined to disclose the financial terms of the deal, but said the price was less than the amount raised in venture…

General Electric’s venture group is trying to find a buyer for its start-up portfolio

Larry Culp, CEO, General ElectricScott Mlyn | CNBCGE Ventures is looking for a buyer for its portfolio of more than 100 start-ups, according to people familiar with the matter, as parent company General Electric tries to orchestrate a turnaround and get its debt problem under control.The venture arm, which started in 2013, has been shopping itself for several months and is in discussions with other venture firms as well as groups of limited partners who invest in those funds, said the people, who asked not to be named because the…

One of Google’s former top investors has new fund for tech companies solving society’s problems

Valo Ventures partner Scott Tierney is leading a new fund aimed at using tech for good.Valo VenturesGoogle Capital co-founder Scott Tierney is launching a new $175 million investment fund with hopes of using technology to fix societal issues, some of which have been amplified by technology.Under his venture firm Valo Ventures, which also includes partners Mona Einaggar and Julia Brady, the new fund focuses on trends including user rights, autonomy and the future of work. It’s the firm’s first fund since Valo’s launch last year. The fund comes during a…

UK app-only bank Monzo expands to the US to take on the likes of JP Morgan and Citi

A Mastercard debit card from U.K. digital bank Monzo.MonzoBritish fintech start-up Monzo has launched in the United States, as it looks to challenge the country’s established banking giants.The London-based company said Thursday that it would initially offer a « few thousands cards » to American customers at launch events in Los Angeles, California.Monzo is one of several so-called challenger banks that operate with only an ATM card and an app. These are new digital banks that are looking to take a slice of the massive financial services sector.There are already…

AT&T cancels orders for Samsung’s folding phone with no launch date in sight

Samsung’s Galaxy Fold screen is broken after just two days of use. This phone costs $2,000.TodD Haselton | CNBCAT&T has canceled pre-orders for Samsung’s $2,000 Galaxy Fold, according to the website Tom’s Guide, which received an email on Wednesday evening confirming the order had been cancelled.AT&T was not immediately available to comment.Samsung’s Galaxy Fold is one of the first folding phones and was supposed to launch on April 26, but that date was pushed back indefinitely after review units, including one tested by CNBC, broke after just a couple days…

Huawei reportedly asks Verizon to pay more than $1 billion for over 230 patents

In this photo illustration, the Huawei logo and Chinese flag is seen displayed on an Android mobile phone.Omar Marques | LightRocket | Getty ImagesHuawei Technologies has told Verizon Communications that the U.S. carrier should pay licensing fees for more than 230 of the Chinese telecoms equipment maker’s patents and in aggregate is seeking more than $1 billion, a person briefed on the matter said on Wednesday.Verizon should pay to « solve the patent licensing issue, » a Huawei intellectual property licensing executive wrote in February, The Wall Street Journal reported…

Flying taxis could lift off in six years — here’s how much it’ll cost to ride one

Lilium says its five-seater jets can travel up to 300 kilometers in one hour.LiliumFlying cars have for years been limited to the world of fiction. Now there are plenty of companies hoping to make the sci-fi dream a reality.One such firm is Lilium, a Munich-based start-up with big ambitions for the future of transportation: a five-seater electric air taxi, due to launch commercial flights in 2025.The main goal Lilium is hoping to achieve, according to Chief Commercial Officer Remo Gerber, is making such a service an affordable one that people…

Facebook’s EU regulator says it ‘remains to be seen’ if Mark Zuckerberg is serious about privacy

Mark Zuckerberg, CEO, FacebookJustin Sullivan | Getty ImagesThe Irish regulator conducting nearly one dozen investigations into Facebook isn’t convinced by Mark Zuckerberg’s privacy push.The internet giant’s stock fell Wednesday after a report in the Wall Street Journal suggested the Facebook boss has previously been aware of potential issues with privacy, arising from the firm’s business practices.In a CNBC interview Wednesday, Ireland’s Data Protection Commissioner Helen Dixon said « it’s all going to remain to be seen » whether Facebook and CEO Mark Zuckerberg are serious about a shift toward privacy…

How social media is shaping what people know — and don’t know — about the Hong Kong protests

A man records live with his smartphone during a protest in Hong Kong protest.Miguel Candela | SOPA Images | LightRocket | Getty ImagesMessaging apps, live streamsA number of messaging services including Telegram and Facebook-owned WhatsApp were being used by protesters to organize rallies.The large-scale use of Telegram was revealed when one administrator of a 30,000 strong group on the platform was arrested, according to the South China Morning Post, citing his lawyers. The individual, Ivan Ip, was accused of conspiracy to commit a public nuisance. CNBC has reached out to…

Fast-growing fintech Revolut expands beyond Europe with Australia launch

Fintech start-up Revolut launched its app in Australia on Thursday, marking its first expansion outside of Europe.The online banking platform said it would gradually sign up 20,000 Australians already on a waiting list, while new customers will have to wait a little longer.Revolut has grown rapidly since it was founded in 2015, racking up more than five million customers in total. By contrast, German rival N26 said earlier this year it has over 2 million users.The digital bank gained popularity for its foreign exchange service which offers the real exchange…

Hyundai backs Aurora to develop driverless systems for Kia and Hyundai models

Chris Urmson, co-founder and chief executive officer of Aurora Innovation Inc.David Paul Morris | Bloomberg | Getty ImagesHyundai Motor Group is investing in Aurora, a developer of self-driving technology for autos, with a plan to bring the systems to Hyundai and Kia models.The companies have been working for the past year to develop and integrate the « Aurora Driver » into Hyundai’s NEXO fuel cell vehicles as well as on other projects. It’s an extension of an existing partnership and furthers the work that large auto manufacturers are doing with developers…

Huawei protests FCC actions to block it in the U.S. on national security grounds

Guests hold umbrellas with Huawei logos at the Songshan Lake New Campus in Dongguan, China, May 31, 2019.Jason Lee | ReutersChina’s Huawei has responded again to actions from the Federal Communications Commission, releasing an ex parte memo further laying out its response to the commission’s efforts to block its equipment on national security grounds. « While Huawei does not agree with the view that Chinese companies pose a threat simply because they are Chinese, Huawei agrees that threats to network security do exist, and should be addressed comprehensively trough a…

Netflix is planning a mobile game based on the Stranger Things universe for 2020

Netflix will release a mobile game in 2020 based on « Stranger Things, » the company announced Wednesday at the E3 gaming conference.The mobile game will allow users to explore the show’s fictional realm, « The Upside Down, » which is hidden around them in their daily travels. It will use GPS to deliver experiences in the game that are related to the user’s actual location.It’s part of an ongoing push into the video game industry as Netflix introduces more games related to its original programming.Netflix had previously announced the…

Alphabet’s stake in the 2019 IPO boom tops $5 billion thanks to CrowdStrike

Larry PageGetty ImagesAlphabet’s $100 million-plus wager on security software vendor CrowdStrike has been overshadowed by its investments in more high-profile companies like Uber, Airbnb and Stripe. But it may be more lucrative than any of them.After CrowdStrike surged 80% in its stock market debut on Wednesday, Alphabet’s late-stage investment group, CapitalG, owns a stake worth over $1.2 billion, representing about a 10-fold return in just under four years (including share purchases from 2015 through 2018). Add that to Alphabet’s investments in ride-hailing rivals Uber and Lyft, and the company’s stake…

Google just teased fans with a picture of its next phone, the Pixel 4.

A teaser for Google’s new Pixel phone, which is expected to be called the Google Pixel 4.GoogleGoogle on Wednesday teased its next phone. A Google spokesperson confirmed it’s called the Pixel 4.Google doesn’t normally publish early images or tease unreleased products, but it may have decided to do so following several recent leaks. It appears to have a unique camera set up on the back, though it’s unclear what sort of new functions it will add. Google’s Pixel phones have regularly been considered to have some of the best phone…