There has been an increasing amount of talk from high places, including the White House, about the urgent need for international cooperation on cybersecurity. But a proposal to be released tomorrow calling for specific US-China steps shows, more than anything, how far we have to go. Read more
Tech news from around the web:
- Eduardo Saverin, the co-founder of Facebook, has taken the lead in a fresh round of financing for Jumio, the one-click mobile and online payments system, TechCrunch reports. Mr Saverin put up more than half of the round, about $6.5m, alongside other private investors.
Google has hit back at growing criticism of the quality of its search results, with a blog post pledging to tackle “content farms” and admitting: “We can and should do better.”
The move has been seen as a threat to Demand Media, one such producer of low-cost articles and videos designed to suck up search traffic, which has just priced its initial public offering. Read more
“No, Your Social Networking ‘Friend’ Isn’t Really in Trouble Overseas” — That’s the title of a press release put out yesterday by the Federal Bureau of Investigation.
The release was a warning to users of social networking sites, encouraging them to be sceptical of suspicious requests, even if they look like they are coming from friends. In a recent popular scam, fraudsters have been infiltrating accounts, announcing they are in trouble overseas, and asking their friends for money. Read more
How much does spam cost? It’s hard to quantify in terms of bandwidth, time and effort blocking it, and general nuisance. But here’s a figure to mull over: $873m.
That’s how much Facebook has been awarded in damages against a spammer in a US court for sending unsolicited messages on the Facebook network. And if it sounds trivial in this era of multi-billion dollar bailouts, it’s a lot more than Facebook’s expected revenues for 2008 – more than double, in fact. Read more