Connect with us

Business

New York closes in on Robinhood dodgy crypto arm

Published

on

Robinhood has been fined $30 million for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules

New York state is closing in on the company’s crypto arm, with concerns the trading platform isn’t devoting enough resources to address compliance and cybersecurity risks.

It follows several regulatory probes into Robinhood in recent months.

In a statement, lawyers say the company has made “significant progress” in building legal, compliance and cybersecurity programs.

As part of the settlement deal, Robinhood Crypto will also be required to have an independent consultant to evaluate compliance practices moving forward.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly ticker Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Business

WhatsApp ramps up privacy features

Published

on

WhatsApp ramps up privacy features to prevent subscriber loss

The world’s two billion plus WhatsApp users will soon have greater privacy controls with new platform changes on the way.

Meta boss, Mark Zuckerberg, announced the new WhatsApp updates in a Facebook post earlier this week.  

Users will be able to make a stealthy exit from group conversations without the rest of the participants being notified.

Other changes include allowing users the ability to check messages without others knowing and controlling who sees when they are online.

These functions have been flagged as being rolled out to WhatsApp users over the next month.  

Even more significant to user privacy is a function that is still under development.

Here, WhatsApp users can allow their messages to be viewed only once with an added screenshot blocking feature.

This will prevent other users saving their communication onto their phones for future reference.  

The changes have been announced after Meta was scrutinised last year for their data sharing practices after an update of its Terms of Service.

META CEO, Mark Zuckerberg as WhatsApp ramps up privacy features

Users were concerned over suggestions WhatsApp user data would be shared and utilised by parent company Meta.

WhatsApp has always boasted about the benefits of its end-to-end encryption preventing.

The news that WhatsApp planned to share user data more widely with Meta shook users’ faith in the platform.  

As the third most popular social media platform, it seems Meta is keen to retain this market share by increasing its privacy features.

Some would say this is both to allay security fears and to prevent them from moving to other popular messaging apps such as Signal.  

Continue Reading

Business

Why airline executives are being forced to face customers

Published

on

As frustrated customers take their anger out on the remaining airport checkin staff, airline executives are being forced onto the front line to face customers.

The return of summer in Europe has been overshadowed by travel chaos, leaving passengers frustrated and often out of pocket.

Thousands of people have been left to battle airport queues that last hours, long delays and thousands of cancellations.

Airports and airlines face staff shortages forcing them to reduce the number of scheduled flights – often at short notice. 

It’s a global problem, with airports and airlines rushing to hire back the thousands of positions they axed at the start of covid.

But how do you do it, and how long until things return to normal?

Continue Reading

Business

Facebook hands teen’s data to police for abortion charge

Published

on

New reports reveal that Facebook has handed over data to police to help criminally punish a teenager for seeking to get an abortion

The tech giant turned Celeste Burgess’ Facebook message’s into the authorities, where she is being charged for “removing and abandoning a dead human body.”

The 17-year-old lives in Nebraska where abortion isn’t illegal, but the abortion happened via medication at 23 weeks.

Nebraska has a 20 week pregnancy cut off date, and the medication also warns against medical abortion past this time.

The teen’s mother is also facing 5 charges.

This comes amid widespread controversy after the historic Roe v Wade ruling was overturned in the United States.

Continue Reading

Trending Now

Copyright © 2022 The Ticker Company PTY LTD