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
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]
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...
Congress Faces Renewed Pressure to ‘Modernize Our Antitrust Laws’
After a federal judge threw out state and federal competition cases against Facebook, calls grew for lawmakers to quickly change century-old monopoly laws.
Boom Times for Lawyers as Washington Pursues Big Tech
Not since the government sued to break up Microsoft in the late 1990s has there been greater demand for people who know the ins and outs of corporate competition law.
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.
Apple’s Strategy Bends the World
How Apple’s business tactics, partly driven by fear, affect the rest of us.
Clickbait giant Outbrain files for I.P.O.
The company said it had $767 million in revenue last year.
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...
Hackers exploited 0-day, not 2018 bug, to mass-wipe My Book Live devices
Enlarge (credit: Getty Images) Last week’s mass-wiping of Western Digital My Book Live storage devices involved the exploitation of not just one vulnerability but also a second critical security bug that allowed hackers to remotely perform a factory reset without a password, an investigation shows. The vulnerability is remarkable because it made it trivial to wipe...

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