Equifax to pay $700m for breach that exposed 147 million Americans’ data

Almost two years after a major data breach hit Equifax, the company has finally agreed to a global settlement with the US Federal Trade Commission (FTC). As per the proposed terms of the deal, the consumer credit reporting agency will shell out as much as $700 million to settle with federal agencies and 50 US states and territories. Here are the details: $300 million to cover free credit monitoring services for impacted consumers. The company…

"Equifax to pay $700m for breach that exposed 147 million Americans’ data"

In spite of slowing growth, Microsoft has been flexing its cloud muscles

When Microsoft reported its FY19, Q4 earnings last week, the numbers were mostly positive, but as we pointed out, Azure earnings growth has stalled. Productivity and business, which includes Office 365, has also mostly flattened out. But slowing growth is not always as bad as it may seem. In fact, it’s an inevitability that once you start to reach Microsoft’s market maturity, it gets harder to maintain large growth numbers. That said, AWS launched the first…

"In spite of slowing growth, Microsoft has been flexing its cloud muscles"

Facebook design flaw let thousands of kids join chats with unauthorized users

Illustration by Alex Castro / The Verge Facebook’s Messenger Kids app is built around a simple premise: children shouldn’t be able to talk to users who haven’t been approved by their parents. But a design flaw allowed users to sidestep that protection through the group chat system, allowing children to enter group chats with unapproved strangers. For the past week, Facebook has been quietly closing down those group chats and alerting users, but has not…

"Facebook design flaw let thousands of kids join chats with unauthorized users"