News 

Trading in your smartphone could be a ‘ticking time bomb’ for your personal data — here’s how one expert says you can protect yourself

“However, Ernst also notes that people are reluctant to trust third-party sellers with their phones, which contain so much personal data” writes Mary Meisenzahl for businessinsider.com. According to Ernst, consumers need to interrogate the services they use to trade in their phones.Consumers need more awareness about protecting their data.”It’s a ticking time bomb,” Ernst said about the phone trade-in industry in an interview with Business Insider.He says that a factory reset removes pointers to files containing this data, but not the data itself. Source: businessinsider.com

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If you’re planning on taking out a private student loan, the ‘riskier’ interest rate option may be the better one

“Another trend that came from this private student loan data was the wide disparity between those who applied for private student loans and those who get approved” writes Mike Brown for businessinsider.com. There are now over 100 different private student loan lenders, while an estimated 1.4 million students use private loans each year.Of the $1.52 trillion in outstanding student loan debt held by this country, $102 billion of it, or 7.5%, derives from private student loans. Source: businessinsider.com

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Don’t Just Buy A New Smartphone, Buy A Safe Smartphone

“Samsung Knox offers three key security features including Biometric Authentication, Secure Folder, and financial information security with Samsung Pay” writes Mashable India for mashable.com. So, in case your phone gets attacked, your card information would still be safely encrypted within a separate and secure data vault.Its security platform, Samsung Knox, comes integrated with Defense-grade security that safeguards Samsung devices (including smartphones, tablets, and smartwatches) against malicious threats.In all, Samsung Knox helps us stay a step ahead of the modern-day threats with its game-changing security features. Source: mashable.com

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Data on online spread of livestreamed shooting kept secret

“After the Christchurch attack, Facebook said in a statement it had removed about 1.5 million videos of the attack globally, more than 1.2 million of which it blocked at upload” reports theguardian.com. US tech companies have declined to release data on the online spread of footage of last week’s shooting in Halle, Germany, despite pledging greater transparency as part of New Zealand Prime Minister Jacinda Ardern’s “Christchurch Call”.Facebook and Microsoft declined to answer questions about how they decide when to disclose data around attacks.Releasing the data would provide an indication…

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Lawsuit alleges Equifax’s stupid password made it super easy to steal your data

“The company also failed to encrypt its mobile applications, so not only was it keeping sensitive data unencrypted on its own server, it was transmitting that data unencrypted over the internet” writes Emily Price for digitaltrends.com. If the shoddy password wasn’t enough, the company also stored unencrypted user information on a public-facing server.As it turns out, the company made it pretty easy for hackers to get in.As part of a settlement from the incident, Equifax is paying more than $300 million toward credit monitoring services for the impacted customers. Source: digitaltrends.com

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Data-labelling startups want to help improve corporate AI

“Because human data-labelling is labour-intensive, most of it happens in low-wage countries like India, Vietnam and the Philippines” writes The Economist for economist.com. Data-labelling is the sort of grunt work that corporate -users would prefer someone else to do for them.The market for data-labelling services may triple to $5bn by 2023, reckons Astasia Myers of Redpoint Ventures, a venture-capital firm.Hive has turned data-labelling into something “like playing Candy Crush”, explains its boss, Kevin Guo, referring to a hit tile-matching game.One reason for the slow uptake is the dearth of quality…

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Income of top 1% increases to $500,000 a year and up

“However, the bottom half of the income distribution pays very little toward the federal income tax” writes Bloomberg News for seattletimes.com. The top 1% earned 21% of the country’s income, and paid 38.5% of federal individual income taxes.The law lowered individual income tax rates while eliminating many deductions and slashing the rate on U.S. corporations to 21% from 35%.The top 1% paid a greater share of income tax to the U.S. Treasury than the bottom 90% combined (29.9%).Overall, the IRS data shows the U.S. collected $1.6 trillion in income taxes…

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GBP News Stocks 

Asian stocks track Brexit deal cheer but China caution prevails

“Oil was mixed ahead of the China data, with U.S. crude up 0.1% to $53.99 a barrel, but Brent crude Spot gold was flat, trading at $1,491.73 per ounce. [GOL/]” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 0.1% in early trade, echoing Wall Street’s small gains. Source: 95kqds.com

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GBP News Oil 

Australia shares down in early trade; China’s GDP data ahead

“Asia Pacific markets looked set to be mixed in early trade Friday morning, as investors await the release of China’s third-quarter growth data with slowing growth continuing to be a concern amid the ongoing trade war with the U.S. Australia’s S&P/ASX 200 declined 0.27% in early trade” writes Weizhen Tan for cnbc.com. Analysts expect that China’s growth will edge down further.The country’s retail sales and fixed asset investments data, also set to be out on Friday, will be important as well, he said. Beijing had emphasized Thursday that the U.S.…

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