How Washington is throwing away its shot at protecting your privacy

A Republican member of the House has introduced a comprehensive data privacy bill, but Congress is unlikely to ever pass it.

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How Washington is throwing away its shot at protecting your privacy

Exclusive: FBI probes FDIC hack linked to China’s military – sources

By Dustin Volz and Jason Lange WASHINGTON (Reuters) – The FBI is investigating how hackers infiltrated computers at the Federal Deposit Insurance Corporation for several years beginning in 2010 in a breach senior FDIC officials believe was sponsored by China's military, people with knowledge of the matter said. The security breach, in which hackers gained access to dozens of computers including the workstation for former FDIC Chairwoman Sheila Bair, has also been the target of a probe by a congressional committee. The FDIC is one of three federal agencies that regulate commercial banks in the United States.

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Exclusive: FBI probes FDIC hack linked to China’s military – sources

Virtual butler ‘Jarvis’ takes up residence in Facebook founder’s home

Mark Zuckerberg on Monday introduced the world to “Jarvis”, an artificial intelligence system the Facebook chief created in his spare time, which can choose and play music, turn on lights, and recognize visitors, deciding whether to open the front door. Jarvis, named after the virtual assistant in the Iron Man movies, could be a step toward a new product, Zuckerberg wrote, although he cautioned that the system he had created in 100 hours over the last year was customized for his house. Creating Jarvis proved humanity is “both closer and farther off” from an AI breakthrough than we imagine, Zuckerberg wrote.

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Virtual butler ‘Jarvis’ takes up residence in Facebook founder’s home

Uber lost more than $800 million in third quarter 2016: Bloomberg

(Reuters) – Privately held ride-hailing company Uber Technologies Inc [UBER.UL] lost more than $800 million in the third quarter, Bloomberg reported on Monday. The company's $800 million in losses did not include its operations in China, Bloomberg said, citing a person it said was familiar with the matter. Uber generated about $1.7 billion in net revenue in the third quarter, up from $1.1 billion in the previous quarter, Bloomberg reported.

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Uber lost more than $800 million in third quarter 2016: Bloomberg

Sony aims to extend VR content to films, no plans for smartphone-based headset

By Makiko Yamazaki and Tim Kelly CHIBA (Reuters) – Sony Corp aims to extend content for its dedicated virtual-reality (VR) headset into non-gaming areas such as TV and film, and has no plans to join the burgeoning market for smartphone-based headsets, its gaming division chief said. Andrew House, Sony Interactive Entertainment Inc's chief executive, said in an interview on Thursday he was already in talks with media production companies to explore possibilities for the PlayStation VR headset, due for release on Oct. 13. House's gaming division has been one of Sony's main sources of profit in recent years as sales of TV sets and other once-core electronics goods decline in the face of price competition.

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Sony aims to extend VR content to films, no plans for smartphone-based headset

U.S. lawmakers probe Fed cyber breaches, cite ‘serious concerns’

By Dustin Volz and Jason Lange WASHINGTON (Reuters) – A U.S. congressional committee has launched an investigation into the Federal Reserve's cyber security practices after a Reuters report revealed more than 50 cyber breaches at the U.S. central bank between 2011 and 2015. The House Committee on Science, Space and Technology on Friday sent a letter to Federal Reserve Chair Janet Yellen to express “serious concerns” over the central bank's ability to protect sensitive financial information. The letter cited the Reuters report, which was based on heavily redacted internal Fed records obtained through a Freedom of Information Act request.

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U.S. lawmakers probe Fed cyber breaches, cite ‘serious concerns’

Apple lawyer, FBI director face off in Congress on iPhone encryption

By Julia Harte and Julia Edwards WASHINGTON (Reuters) – FBI Director James Comey told a congressional panel on Tuesday that a final court ruling forcing Apple Inc to give the FBI data from an iPhone used by one of the San Bernardino shooters would be “potentially precedential” in other cases where the agency might request similar cooperation from technology companies. The remarks were a slight change to Comey's statement last week that ordering Apple to unlock the phone was “unlikely to be a trailblazer” for setting a precedent for other cases.

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Apple lawyer, FBI director face off in Congress on iPhone encryption