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Tech Brew Ride Home

Mon. 7/22 - Just the Equifax, Ma'am

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 22 July 2019

⏱️ 19 minutes

🧾️ Download transcript

Summary

Equifax agrees to a settlement over its massive 2017 data breach, Microsoft invests a billion dollars in an generalized AI startup, Huawei is linked to North Korea’s cellular network buildout, Google settles multiple lawsuits, including a decade-old one about Wi-Fi snooping, Apple’s sequel to Tim Cook becomes apparent, and senseless violins. Sponsors Cloudbaker Pixel Union Links: CFPB, FTC and States Announce Settlement with Equifax Over 2017 Data Breach (CFPB) Proving you deserve $20,000 from the Equifax settlement will be nearly impossible (CNBC) With $1 Billion From Microsoft, an A.I. Lab Wants to Mimic the Brain (New York Times) Microsoft invests in and partners with OpenAI to support us building beneficial AGI (OpenAI press release) Leaked documents reveal Huawei’s secret operations to build North Korea’s wireless network (Washington Post) Google Finds Cheap Way Out of Multibillion-Dollar ‘Wi-Spy’ Suit (Bloomberg) How Google Extracted Itself From Three More Lawsuits—Data Sheet (Fortune) Apple’s Heir Apparent Is Much More Like Tim Cook Than Steve Jobs (Bloomberg) Etsy acquires musical instrument marketplace Reverb for $275 million (VentureBeat) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Mem Ride Home for Monday, July 22, 2019., Equifax agrees to a settlement over its massive 2017 data breach.

0:18.6

Microsoft invests a billion dollars in a generalized AI startup.

0:23.0

Huawei is linked to North Korea's cellular network build-out.

0:27.0

Google settles multiple lawsuits, including a decade-old one about Wi-Fi snooping.

0:32.0

Apple's sequel to Tim Cook becomes apparent and senseless violins.

0:37.0

I'm Glenn Fleischman in for Brian McCullough,

0:40.0

and here's what you missed in the world of tech today.

0:45.0

Equifax has agreed to pay up to $700 million to consumers, lawyers, and regulators

0:50.0

over a massive breach of its credit information databases discovered in 2017.

0:55.1

Personal data covering nearly 150 million people was exposed for months before the company

1:00.3

discovered it and then it waited six weeks to disclose the hacking.

1:03.8

The FTC complaint says that multiple entities exploited the breach who though are

1:09.9

still unknown. Rutgers included a host of private data and financial data such as credit card numbers,

1:16.4

driver's license numbers and details, social security numbers, dates of birth, phone numbers,

1:21.2

and email addresses.

1:22.8

Consumers are promised $300 million to $425 million.

1:27.0

A hundred million dollars goes to the Consumer Financial Protection Bureau,

1:30.7

and $175 million heads to 48 states and Puerto Rico.

1:35.0

Legal fees come out of the consumer portion.

1:38.0

This settles all government litigation except with Indiana and Massachusetts,

1:42.0

which have separate suits that remain underway.

1:45.1

In a press release from the U.S. Public Interest Research Group, its Federal Consumer Program

...

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