On Twitter, rumors started to swirl. Are the researchers trying to make money by betting that AMD's share price will go down due to the news of the vulnerabilities? Or, in Wall Street jargon, were CTS Labs and Viceroy trying to short sell AMD stock? Security researcher Arrigo Triulzi speculated that Viceroy and CTS Lab were profit sharing for shorting, while Facebook's chief security officer Alex Stamos warned against a future where security research is driven by short selling.
[...] There's no evidence that CTS Labs worked with Viceroy to short AMD. But something like that has happened before. In 2016, security research firm MedSec found vulnerabilities in pacemakers made by St. Jude Medical. In what was likely a first, MedSec partnered with hedge fund Muddy Waters to bet against St. Jude Medical's stock. For Adrian Sanabria, director of research at security firm Threatcare and a former analyst at 451 Research, where he covered the cybersecurity industry, trying to short based on vulnerabilities just doesn't make much sense. While it could work in theory and could become more common in the future, he said in a phone call, "I don't think we've seen enough evidence of security vulnerabilities really moving the stock for it to really become an issue." Further reading: Linus Torvalds slams CTS Labs over AMD vulnerability report (ZDNet).
The studies, which were collected in the journal Science (pay wall) in January, were conducted over 10 years by team of researchers at Columbia, the University of Southern California, and the University of California, San Diego. The biggest impact of air pollution was measured in farm workers in California's Central Valley, who were paid by the volume of grapes and blueberries they collected. On days that had higher readings of ground-level ozone -- a harmful gas formed when tailpipe emissions mix with sunlight -- worker productivity slumped.
Over the two years they measured the ozone, readings ranged from 10 to 86 parts per billion, and averaged 48 ppb. For every 10 ppb increase in ozone, worker productivity fell 5.5%. For farm workers paid about $9 or $10 an hour, the lost productivity translates into about 45 cents an hour of lower pay, said Matthew Neidell, an economist at Columbia and an author of the studies.
Wednesday's announcement marks the first criminal charge brought in one of the largest data breaches in history. Ying, the former chief information officer for Equifax's U.S. information-solutions business, used confidential information entrusted to him by the company to determine it had been hacked, according to a separate complaint filed by the Securities and Exchange Commission.
ZDNet adds: According to a Justice Department statement, Ying sent a text message to a colleague two weeks before Equifax revealed the hack, in which he said the breach "sounds bad." Three days later, Ying searched the web to research the effect of Experian's 2015 own breach on its stock price. Later that day, Ying excised all his available stock options.
The company and Elizabeth Holmes have already agreed to settle the charges leveled against them by the SEC. Holmes will have to pay a $500,000 fine and return 18.9 million shares in Theranos that she owned, as well as downgrading her super-majority equity into common stock. The CEO is now barred from serving as the officer or director of a public company for 10 years. In addition, if Theranos is liquidated or acquired, Holmes cannot profit from her remaining shareholding unless $750 million is handed back to defrauded investors. Balwani, on the other hand, is facing a federal court case in the Northern District of California where the SEC will litigate its claims against him. Worth noting: the court still has to approve the deals between Holmes and Theranos, and neither party has admitted any wrongdoing.
Amazon.com Inc. and other online players that have made it easy to return items have changed consumer expectations, adding pressure on brick-and-mortar chains. Some retailers monitor return fraud in-house, but Best Buy and others pay The Retail Equation to track and score each customer's return behavior for both in-store and online purchases. The service also works with Home Depot, J.C. Penney, Sephora and Victoria's Secret. Some retailers use the system only to assess returns made without a receipt. Best Buy uses The Retail Equation to assess all returns, even those made with a receipt.
As part of the class certification process and civil discovery, Microsoft handed over years of records to the plaintiffs' lawyers. In the Monday-released filing, which was originally submitted to the court in October 2017, Moussouris' lawyer, Michael Subit, wrote that "Microsoft's Culture is Rife with Sexual Harassment" before continuing: "Company records indicate that women at Microsoft are sexualized by their male managers and coworkers, leading to a substantial number of incidents of alleged sexual harassment, and even several incidents of sexual assault, that often go unpunished." Specifically, Subit continued, Microsoft's internal unit (known as "ERIT") received 108 complaints of sexual harassment filed by female US-based technical employees, 119 complaints of gender discrimination, eight complaints of retaliation, and three complaints of pregnancy discrimination. Out of all of the claimed instances of gender discrimination, Microsoft's internal investigation only found that one such complaint was "founded."
This story has a grisly twist, though. For Nectome's procedure to work, it's essential that the brain be fresh. The company says its plan is to connect people with terminal illnesses to a heart-lung machine in order to pump its mix of scientific embalming chemicals into the big carotid arteries in their necks while they are still alive (though anesthetized). The company has consulted with lawyers familiar with California's two-year-old End of Life Option Act, which permits doctor-assisted suicide for terminal patients, and believes its service will be legal. The product is "100 percent fatal," says McIntyre. "That is why we are uniquely situated among the Y Combinator companies."