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'Siri, catch market cheats': Wall Street watchdogs turn to A.I
People sit outside the NYSE during the morning commuteBy John McCrank NEW YORK (Reuters) - Artificial intelligence programs have beaten chess masters and TV quiz show champions. Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. A.I. may even sniff out new types of chicanery, said Tom Gira, executive vice president for market regulation at the Financial Industry Regulatory Authority (FINRA).
Tue, 25 Oct 2016 01:17:29 -0400
Netflix CEO gives conditional approval of AT&T-Time Warner deal
Reed Hastings, co-founder and CEO of Netflix, speaks during the opening night of the WSJD Live conference in Laguna BeachNetflix Chief Executive Reed Hastings said he was in favor of AT&T Inc's planned $85.4 billion acquisition of Time Warner Inc, provided that his popular media streaming company continued to be treated fairly. Speaking at a technology conference hosted by the Wall Street Journal in Laguna Beach, Calif., Hastings said it was critical that Netflix's content be treated the same as Time Warner's once the deal takes effect.
Tue, 25 Oct 2016 00:32:41 -0400
IBM apologises for Australian e-census bungle, setting off blame game
The logo of Dow Jones Industrial Average stock market index listed company IBM (IBM) is seen in Los AngelesBy Byron Kaye SYDNEY (Reuters) - International Business Machines Corp said on Tuesday it plans to compensate the Australian government for a "malicious" cyber-attack that shut down a national census, but blamed two domestic internet providers for the security lapse. IBM was the lead contractor for the five-yearly Aug. 9 household survey by the Australian Bureau of Statistics (ABS) which went offline that day after four distributed denial of service (DDoS) attacks, caused by the website being flooded with clicks. "I am confident we'll be able to achieve some kind of outcome in the very near future," IBM Australia and New Zealand managing director Kerry Purcell told a Senate inquiry into the matter, without discussing terms of the negotiations.
Tue, 25 Oct 2016 01:29:39 -0400
U.S. takes aim at cyber attacks from connected devices as recalls mount
Man types on computer keyboard in this illustration pictureBy Joseph Menn SAN FRANCISCO (Reuters) - Obama administration officials sought on Monday to reassure the public that it was taking steps to counter new types of cyber attacks such as the one Friday that rendered Twitter, Spotify, Netflix and dozens of other major websites unavailable. The Department of Homeland Security said it had held a conference call with 18 major communication service providers shortly after the attack began and was working to develop a new set of “strategic principles” for securing internet-connected devices. DHS said its National Cybersecurity and Communications Integration Center was working with companies, law enforcement and researchers to cope with attacks made possible by the rapidly expanding number of smart gadgets that make up the "internet of Things.
Mon, 24 Oct 2016 21:34:59 -0400
Twitter plans to cut about 300 more jobs: Bloomberg
A 3D printed Twitter logo is seen in front of displayed stock graph in this illustration picture made in Zenica(Reuters) - Twitter Inc may cut 8 percent of its workforce or about 300 people, Bloomberg reported on Monday, citing people it said were familiar with the matter. The job cuts could be announced before the company reports third-quarter earnings on Thursday, and the number of jobs affected could change, Bloomberg said. Last year, Twitter announced plans to lay off up to 336 employees, or about 8 percent of its workforce, a week after Jack Dorsey, its co-founder who had been serving as interim chief executive, took over as permanent CEO.
Mon, 24 Oct 2016 21:19:22 -0400
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