South Korea mall says 'Hello shopper, nice to see you'
Wednesday, October 10, 2012 - 04:36 Chung Sung-Jun/Getty Images People walk through a mall in Seoul's Gangnam District in Seoul, South Korea. Here's an idea: Put kiosks throughout a mall armed with facial recognition cameras that figure out a shopper's gender and age. The Wall Street Journal says it's happening now at the International Finance Center Mall in Seoul, South Korea. The system then makes shopping recommendations and will soon generate customized ads. The demographic data is being gathered, but the company involved says there's no personal information. Chester Wisniewski, at the online security firm Sophos, "The creepy factor to it all is that the technology being used isn’t really all that different than the technology that could be used to more pinpoint who you actually are or potentially record you." He says it's not much a leap between tech that recognizes you in the mall to tech that links that with your social media profile. Which is happening now in the U.S. although ...
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SEC Gives Companies OK to Use Social Media
WASHINGTON — The Securities and Exchange Commission will allow public companies to make significant announcements on Facebook, Twitter and other social media sites provided they alert investors which sites they intend to use. The decision announced Tuesday allows companies to use social media in place of more formal websites. The question arose after Netflix Inc. CEO Reed Hastings said on his Facebook page in July that subscribers together watched more than 1 billion hours of video for the first time during June, the agency said. (MORE: How the Great Recession Changed Our Spending Habits) An SEC rule requires that all investors receive significant company information at the same time. By allowing businesses to use more informal channels to share news with investors, the SEC is acknowledging the shift in technology that has made social media indispensable for the largest and most powerful corporations. One key requirement is that companies alert investors in press releases or regulatory ...
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Why Is That 17-Year-Old’s $30 Million News App Even Legal?
Nick D’Aloisio has officially earned his seat at the cool kids’ table. The 17-year-old high school student this week sold his news aggregator app Summly to tech giant Yahoo for a reported $30 million in cash and stock. While he’s finishing up his diploma, he’ll also start work at Yahoo’s London office. Meanwhile, Yahoo plans to enhance its own mobile apps with the technology developed for Summly, which uses an algorithm to automatically produce easily digestible summaries of news stories. The issue now isn’t what fancy car the teenager plans to buy with his millions. The real question is whether Summly, and now Yahoo, can take news stories from around the web, present altered versions of them, and not run afoul of copyright law. A court ruling last week in New York against a Norway-based news aggregator has brought the issue of copyright infringement in the media world back to the fore. The Associated Press sued and defeated Meltwater, a subscription-based media monitoring service, ...
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United Kingdom: Cyber Security - Are CFOs Doing Enough? - Deloitte
The rapid pace of change in technology has provided huge opportunities for organisations to develop new models, services and products.
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U.S. ‘Hacker’ Crackdown Sparks Debate over Computer-Fraud Law
In June 2010, Andrew Auernheimer, a well-known Internet-security expert, discovered a gaping hole in AT&T’s website that exposed 114,000 e-mail addresses belonging to the wireless giant’s Apple iPad customers. After a colleague downloaded the data, Auernheimer passed the information to a journalist at Gawker. The episode was a major embarrassment for AT&T because the list included thousands of high-profile individuals, including New York City Mayor Michael Bloomberg and then White House chief of staff Rahm Emanuel. AT&T quickly patched the hole. The FBI promptly launched an investigation, and last November, Auernheimer was convicted of two felony counts under the Computer Fraud and Abuse Act (CFAA), a 1980s-era law originally designed to punish and deter intrusions into government and financial-industry computer systems. His colleague Daniel Spitler pleaded guilty last year. On Monday, Auernheimer, 27, was sentenced to 41 months in prison and ordered to pay $73,000 in restitution ...
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