Massive Equifax Data Breach Could Affect Half of the U.S. Population

  • A massive cyber security incident at Equifax — one of the largest credit reporting agencies in the United States — may have exposed private information belonging to 143 million people — nearly half of the U.S. population.
  • The agency said 209,000 credit card numbers were exposed in the breach, which includes customers in Canada and the United Kingdom.
  • As a credit reporting agency, Equifax gets information from credit card companies, banks, lenders, and retailers to help it determine a person’s credit score.
  • All U.S. customers will also be given a date when they can sign up for TrustedID Premier, which includes identity theft insurance, credit reports and a service that crawls the internet and alerts you if your Social Security number is posted somewhere online.
  • In addition, the company said it will mail notices to people who may have had their credit card numbers or personally identifying information exposed on dispute documents.

Equifax on Thursday revealed a breach that exposed 143 million people’s Social Security numbers, credit cards, driver’s license numbers and other private information.
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Warren Buffett: I was wrong on Google and ‘too dumb’ to appreciate Amazon

  • Warren Buffett admitted to shareholders Saturday that he made a mistake by not buying Google shares years when the company was getting $10 or $11 per advertising click from Berskhire Hathaway consumer insurance company subsidiary Geico.
  • On CNBC’s “Squawk Box” on Monday, Buffett said, “If I was forced to buy [Google-parent Alphabet] or short it, I’d buy it; same way with Amazon.

Warren Buffett says he should have figured out Google had a great ad business because he was a customer.
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Tell us what you think: Where does bitcoin go from here?

Where do you think #bitcoin goes from here? Here's what others are thinking:

  • JPMorgan Chase CEO Jamie Dimon might still think those buying bitcoin are “stupid,” but that didn’t stop the cryptocurrency from trading at records above $5,800 last week.
  • Optimism around bitcoin drove its market capitalization above that of Goldman Sachs on Friday, with some market insiders forecasting that figure to reach at least $1 trillion in the next eight years.
  • (The market cap is currently about $93.55 billion, according to industry outlet Coindesk.)
  • Still, the virtual currency remains subject to wild price swings, and attempts by government regulators to crackdown on the cryptocurrency have unsettled investors.
  • Just last month, the price of bitcoin fell around 13 percent following news that one of China’s largest bitcoin exchanges said it would be stopping operations.

It remains to be seen whether the cryptocurrency has more room to climb after crossing the $5,800 mark.
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Market Movers: Yahoo Finance breaks down early market action [Video]

LIVE: #Bitcoin action this morning

  • Yahoo Finance’s Myles Udland, Justine Underhill, Jared Blikre, Seana Smith and Rick Newman discuss the big stories of the day.
  • TWITTER POLL: – – Which story do you want to see on our Midday Movers show at 11:45am EDT?

Yahoo Finance’s LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:25 a.m. ET.
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UBS CEO ‘not necessarily’ a believer in cryptocurrencies, but he likes blockchain

UBS CEO ‘not necessarily’ a believer in cryptocurrencies, but he likes blockchain

  • Sergio Ermotti told CNBC that while the bank has seen success in its trade finance blockchain platform, he was “not necessarily” a believer in cryptocurrencies.
  • When asked whether he liked virtual currencies, he said: “Not necessarily cryptocurrencies, I think that needs to be defined, but I believe there is a future for blockchain technology, and technology will play a big role in changing and reshaping our industry.”
  • UBS has been involved in a blockchain project — called Batavia — with IBM and other banks, including Commerzbank and Bank of Montreal.
  • We try to initiate and get as many other financial institutions and clients into teams like trade finance with other banks and IBM was a successful venture,” Ermotti said.
  • Ermotti added that the technology would form an ecosystem that enables financial institutions to “operate and transact at a cheaper, more efficient level.”

Sergio Ermotti told CNBC that while UBS has seen success in its trade finance blockchain platform, he was “not necessarily” a believer in cryptocurrencies.
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WhatsApp and Facebook to face EU data taskforce

  • Image copyright – Getty Images – – – – WhatsApp and Facebook will be scrutinised by a data protection taskforce, after they were accused of “non-compliance” with EU laws.The regulators took issue with the messaging app’s plan to share user data with parent company Facebook.A group of watchdogs and regulators…
  • At the time, the move was criticised by the UK’s Information Commissioner Elizabeth Denham, who said she did not believe the firm had obtained valid consent from its users.In its newest letter to WhatsApp chief executive Jan Koum, the Working Party said “the information presented to users was seriously deficient…
  • It said: – the pop-up notice on WhatsApp did not make it clear that users’ personal data would be shared with Facebook – WhatApp gave a “misleading impression” to users by saying the privacy policy had been updated to “reflect new features” – that using a pre-ticked check box to…

The messaging app has been accused of “non-compliance” with EU laws.
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Facebook translates ‘good morning’ into ‘attack them’, leading to arrest

  • Facebook has apologised after an error in its machine-translation service saw Israeli police arrest a Palestinian man for posting “good morning” on his social media profile.
  • Facebook said it is looking into the issue, and in a statement to Gizmodo, added: “Unfortunately, our translation systems made an error last week that misinterpreted what this individual posted.
  • “Even though our translations are getting better each day, mistakes like these might happen from time to time and we’ve taken steps to address this particular issue.
  • Machine translation mistakes are a regular occurrence for anyone using AI to translate languages, particularly ones with little relationship.
  • Earlier this month, Chinese social network WeChat apologised after its own machine translation system translated a neutral phrase meaning “black foreigner” as the n-word.

Palestinian man questioned by Israeli police after embarrassing mistranslation of caption under photo of him leaning against bulldozer
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