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Robinhood ordered to pay $70m penalty to US regulator

Enlarge A Wall Street regulator has ordered the retail trading platform Robinhood to pay more than $70m in penalties for causing what it described as “widespread and significant” harm to its customers. The Financial Industry Regulatory Authority (Finra) announced on Wednesday that it was fining Robinhood $57m and ordering it to pay $12.6m plus interest...

Starlink’s “next-generation” user terminal will cost a lot less, Musk says
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Starlink’s “next-generation” user terminal will cost a lot less, Musk says

Enlarge SpaceX CEO Elon Musk said his company’s Starlink division is trying to cut the price of its user terminal from $500 to as low as $250. Starlink has been charging $99 a month for Internet service during its beta phase, plus $500 up front for the user terminal/satellite dish, and it’s losing money on the...

Hackers exploited 0-day, not 2018 bug, to mass-wipe My Book Live devices [Updated]
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Hackers exploited 0-day, not 2018 bug, to mass-wipe My Book Live devices [Updated]

Enlarge (credit: Getty Images) Update 6/29/2021, 9:00 PM: Western Digital has published an update that says the company will provide data recovery services starting early next month. My Book Live customers will also be eligible for a trade-in program so they can upgrade to My Cloud devices. A spokeswoman said the data recovery service will...

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What Won’t the Nelk Boys Do?

Known for their pranks, parties and crude humor, the YouTubers are used to getting in trouble. But for them, the backlash is the brand.

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Microsoft digitally signs malicious rootkit driver

Enlarge Microsoft gave its digital imprimatur to a rootkit that decrypted encrypted communications and sent them to attacker-controlled servers, the company and outside researchers said. The blunder allowed the malware to be installed on Windows machines without users receiving a security warning or needing to take additional steps. For the past 13 years, Microsoft has...