Back in the spring of 2012 Congress passed the Jumpstart Our Business Startups Act (the JOBS Act) to make it easier for small companies to raise capital. The Act recognized that nearly all job creation in the U.S. economy comes from new businesses and attempted to accelerate startups by creating whole new ways to fund them. The Act required the United States Securities and Exchange Commission (SEC) by the end of 2012 to come up with regulations to enable the centerpiece of the Act, equity crowd funding, which would allow any legal U.S. resident to become a venture capitalist. But the regulations weren’t finished by the end of 2012. They weren’t […]
The FBI holds an iPhone that was owned by one of the San Bernardino terrorists, Syed Rizwan Farook, and wants Apple to crack it. Apple CEO Tim Cook is defying the FBI request and the court order that accompanied it, saying that cracking the phone would require developing a special version of iOS that could bypass passcode encryption. If such a genetically modified mobile OS escaped into the wild it could be used by anyone to crack any current iPhone, which would be bad for Apple’s users and bad for Amurica, Cook says. So he won’t do it, dag nabbit.
That’s the big picture story dominating the tech news this […]
A longtime reader and good friend of mine sent me a link this week to a CNBC story about the loss of fingerprint records in the Office of Personnel Management hack I have written about before. It’s just one more nail in the coffin of a doltish bureaucracy that — you know I’m speaking the truth here — will probably result in those doltish bureaucrats getting even more power, even more data, and ultimately losing those data, too.
So the story says they lost the fingerprint records of 56 million people! Game over.
Remember how this story unfolded? There had been a hack and some records were compromised. Then there had been a hack and […]
I’ve been quiet lately, I know. My sons’ Kickstarter campaign has taken a toll on their Venture Capitalist… me. I never before appreciated the physical effort that goes into managing what is, for me, a significant investment. They do the work but I pay for a lot of it and that brings with it the need to oversee — something I’ve never been very good at doing. You’ll see the result, hopefully, next week.
While I’ve been so preoccupied a lot has happened in the technology world. Apple introduced a slew of new products and Alex Gibney released his Steve Jobs documentary. I’ll comment on both of these shortly. Yahoo was […]
While the U.S. Government has been remarkably opaque about the recently discovered security breach at the Office of Personnel Management (OPM), we know that personal information on at least 21.5 million present, former, and prospective federal employees was lost. The Feds claim Chinese hackers are at the bottom of it, which is disputed by the Chinese government. This, to me, raises a number of questions, especially about the possible role of IT outsourcing firms and implications for organizations beyond OPM. Does IT outsourcing make your data more vulnerable? Yes, I believe it does.
It’s easy to blame the Office of Personnel Management for its own troubles. Oversight was lax. The agency failed a security audit and […]