Get stories like this delivered straight to your inbox. Sign up for The 74 Newsletter OAKLAND, Calif. (AP) — Meta has agreed to pay $17 billion and add stronger child-safety measures to its Facebook and Instagram platforms to end a landmark trial over teen social media addiction and settle claims filed by 47 states, state attorneys general announced Wednesday....Read More
AP Photo/Jeff Chiu FILE – People talk near a Meta sign outside of the company’s headquarters in Menlo Park, Calif., March 7, 2023. (AP Photo/Jeff Chiu, File) Meta is kicking off a court battle with some of the highest stakes yet. But it is far from the only litigation facing the social media giant and its competitors....Read More
In a world where the battlefield has shifted from open fields to fibre-optic cables, India has chosen to fight back with institutional resolve. The Ministry of Home Affairs establishment of the Indian Cyber Crime Coordination Centre (I4C) as a dedicated attached office marks one of the most consequential structural decisions in India’s internal security architecture...Read More
To make matters worse, the big new hardware addition, HiLight – an LED notification light on the back of the phone – is severely limited in what it can actually do. At launch, the feature lets you know who’s calling you (as long as you remember which colour has been assigned to the person in...Read More
Boston Scientific Corp. is investigating an Aug. 25 cyberattack that disrupted its global operations as well as the processing and shipping of customer orders, according to a filing with federal regulators. The attack affected its IT network and key business applications, according to the 8-K filing with the Securities and Exchange Commission. The medical device-maker...Read More
LANSING, Mich. (News 10) – Michigan Attorney General Dana Nessel announced a landmark multistate settlement with Meta Platforms Inc. that will require the company to implement new child-safety measures on Instagram and Facebook. Michigan will receive at least $171 million under the agreement, which resolves claims brought by 47 states, the District of Columbia, Puerto...Read More
The tell came immediately from the stock market. Meta shares rose 4.4 percent in premarket trading Wednesday as the company agreed to a proposed settlement worth up to $16.68 billion over child-safety claims. It’s a reaction that captures the somewhat perverse economics of penalizing one of America’s richest companies. The deal, reached during a federal...Read More
Connecticut could receive as much as $265.4 million under a massive multistate settlement with Meta that would also impose new limits on how children use Instagram and Facebook, Attorney General William Tong announced Wednesday. The agreement calls for Meta to pay states at least $12.19 billion over 10 years to settle allegations that the company...Read More
By Colin Lecher, CalMatters This story was originally published by CalMatters. Sign up for their newsletters. Meta agreed to pay up to $17 billion and to make changes to its platforms to end a major case on children and social media addiction. California will receive up to $2.1 billion if the settlement is approved by...Read More
The FBI is investigating a cyberattack on Kansas-based Micro-Comm, a maker of technology used by U.S. water and wastewater facilities, after a ransomware group claimed to have stolen and published nearly 850,000 company files containing about 644 gigabytes of data. Micro-Comm discovered the breach on July 31, co-owner Jim Cote told Reuters. The company said...Read More
