SFGate: Your friends’ social media posts are making you spend more money, researchers say

SFGate: Your friends’ social media posts are making you spend more money, researchers say. “…a team of American and Canadian economists have proposed a new explanation for the declining savings rate, one rooted in individual psychology. At its heart lies a simple observation: Personal spending is a lot more visible to others than not spending. Changes in the media landscape have made other people’s spending more visible than ever. That, in turn, is making all of us spend even more – and save even less.”

Washington Post: The U.S. government and Facebook are negotiating a record, multibillion-dollar fine for the company’s privacy lapses

Washington Post: The U.S. government and Facebook are negotiating a record, multibillion-dollar fine for the company’s privacy lapses. “The Federal Trade Commission and Facebook are negotiating over a multi-billion dollar fine that would settle the agency’s investigation into the social media giant’s privacy practices, according to two people familiar with the probe. The fine would be the largest the agency has ever imposed on a technology company, but the two sides have not yet agreed on an exact amount. Facebook has expressed initial concern with the FTC’s demands, one of the people said. If talks break down, the FTC could take the matter to court in what would likely be a bruising legal fight.”

Black Hats & White Collars: SEC EDGAR Database Hackers Revealed (Splunk)

Splunk: Black Hats & White Collars: SEC EDGAR Database Hackers Revealed. “Over the past year, I’ve been presenting research at security conferences regarding the increasingly cozy relationship between black hat hackers and white collar criminals. One of the cases I researched was a group of hackers targeting PR firms for non-public insider information that could be monetized by trading stock based on the results of a company’s earnings and other factors. This past week it was revealed that this same group of criminal hackers and traders had become much more brazen and were also involved in the hacking of SEC’s EDGAR system targeting similar information.”

The Hechinger Report: College spending comes under closer scrutiny

The Hechinger Report: College spending comes under closer scrutiny. “The American Council of Trustees and Alumni on Wednesday launched a site that makes it easy to track how your hard-earned tuition dollars are spent… It’s geared toward college trustees, lawmakers and policy wonks, who can use the site’s data to lobby for or against government spending for higher education or to compare their institution to others. But parents and students can take advantage of it as well. It’s a quick way to figure out not only how much a school costs but also how much of that cost is actually spent on classroom instruction.”

The Register: And it’s go, go, go for class-action lawsuits against Equifax after 148m personal records spilled in that mega-hack

The Register: And it’s go, go, go for class-action lawsuits against Equifax after 148m personal records spilled in that mega-hack. “In a series of orders handed down in a Georgia federal district court on Monday, the evocatively named Judge Thomas Thrash Jr said that legal challenges from payment card issuers and ordinary citizens can proceed against Equifax. A class-action lawsuit brought by ten ‘small businesses’ – which included corporations and limited liability companies – was denied, though. The small biz owners can join in with the consumers.”

Yahoo News: Google spends big on U.S. lobbying amid antitrust, bias battles

Yahoo News: Google spends big on U.S. lobbying amid antitrust, bias battles. “Alphabet Inc’s Google disclosed on Tuesday that it spent a company-record $21.2 million on lobbying the United States government in 2018, topping its previous high of $18.22 million (£14.06 million)in 2012, as the search engine operator fights wide-ranging scrutiny into its practices.”

Make Tech Easier: The Best Cloud Storage for Your Buck in 2019

Make Tech Easier: The Best Cloud Storage for Your Buck in 2019. “We’re taking a look at some of the best options available and how much they’ll cost you. If you want more control or value your privacy above all, you might be interested in a self-hosted solution. We’ve already taken a look at self-hosted cloud storage services like NextCloud in a separate article.”