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8/16/2018

Cryptocurrency investor Michael Terpin has filed a $224 million lawsuit against AT&T after nearly $24 million in digital currency was stolen from his account. Terpin has accused the company of failing to protect customers' private data, and he alleges that AT&T employees "actively cooperate with hackers in SIM swap frauds by giving hackers direct access" to customers.

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The Hill
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AT&T
8/16/2018

Samsung is expanding its presence in the high-end audio market with the unveiling of its HW-N950 and HW-N850 sound bars, built in partnership with Harman Kardon. Both Dolby Atmos and DTS:X audio standards are supported, and the devices are designed to immediately improve sound quality with minimal components.

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VentureBeat
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Samsung, Harman Kardon, Dolby Atmos
8/16/2018

Best Buy will acquire GreatCall, which makes the Jitterbug phone and other technology and services designed to help older consumers stay connected and get help in emergencies, for $800 million. GreatCall booked $300 million in revenue last year and boasts 900,000 service subscribers.

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GreatCall
8/16/2018

Sprint is using Elastic Stack's open-source monitoring, analytics and search tools to identify and prevent cyberfraud. Company leaders say the strategy has reduced fraud by up to 95% daily.

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Sprint
8/16/2018

Square says it has reduced its chip card transaction time to two seconds, a crucial factor in consumer acceptance of the technology. That's less than half the 4.2-second average of just two years ago.

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Yahoo, The Verge
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Square
8/16/2018

Bing users can now use their phone's camera to photograph numbers and symbols in a math problem to get a solution. The artificial-intelligence feature is available through an update to Bing's iOS search app.

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Bing
8/16/2018

Uber has hired former NSA general counsel Matt Olsen to serve as the company's chief trust and security officer beginning next month. Olsen will replace Joe Sullivan, who left the company after a massive data breach was disclosed, while chief legal officer Tony West noted that "trust" was added to the title to emphasize the company's commitment to protecting customer data.

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CNNMoney
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NSA, Joe Sullivan
8/16/2018

The longer the incident response time when responding to a breach, the worse the effects can be, writes Pete Burke. He offers tips for reducing your company's incident response time, including streamlining your procedures and using the right security tools.

8/16/2018

Google is improving the quality of its Wear OS apps by introducing new standards for app-makers. The review process to place an app in the Play Store used to be optional, but now developers will have to pass the review to add their app.

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Digital Trends
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Google, Play Store
8/16/2018

Apple is reportedly being investigated by Japanese authorities for allegedly interfering in Yahoo Japan's online game development operations. While both companies declined to comment, Yahoo both cut its budget for its online gaming platform and stopped prominently advertising it as well.

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Reuters
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Apple, Yahoo