Indonesia has lifted its ban on Steam and Yahoo now that both companies complied with the country's restrictive laws that regulate online activity. From a report: The Indonesian Ministry of Communication and Information (Kominfo) announced the news in a translated update on Twitter, noting that Counter-Strike: Global Offensive and Dota 2 are back online as well. Last week, Indonesia blocked access to Steam, PayPal, Yahoo, Epic Games, and Origin after the companies failed to meet a deadline to register with the country's database. This requirement is bundled with a broader law, called MR5, that Indonesia first introduced in 2020. The law gives the Indonesian government the authority to order platforms to take down content considered illegal as well as request the data of specific users. In 2021, the digital rights group Electronic Frontier Foundation (EFF) called the policy "invasive of human rights." Although PayPal has yet to comply, Indonesia unblocked access to the service for five days starting July 31st to give users a chance to withdraw money and make payments. According to the Indonesian news outlet Antara News, PayPal reportedly plans on registering with the country's database soon.

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An anonymous reader quotes a report from TorrentFreak: You wouldn't steal a car, right? So why are you pirating? With this 2004 message, the movie industry hoped to turn illegal downloaders into paying customers. This campaign eventually turned into a meme and it's not the only anti-piracy advert to miss the mark. A new research paper identifies several behavioral insights that explain common mistakes made in these campaigns. [...] The general assumption of many people is that, by adding more arguments, the message will be more compelling. That's called the 'more-is-better' heuristic but behavioral research has shown that the opposite is often true. When many arguments are presented together, the stronger ones may actually be diluted by weaker ones. So, referencing malware, fines, low quality, Internet disconnections, and losses to the industry, all while associating piracy with organized crime, is not the best idea. The reduced impact of stronger and weaker arguments is also one of the reasons why the "You Wouldn't Steal a Car" campaign didn't work as planned, the researchers suggest. Anti-piracy campaigns can also focus too much on dry numbers without putting these into context. While these statistics are vital to the industry, the average pirate will simply gloss over them. This 'mistake' can also be explained by behavioral psychology, which has shown that people identify more with a problem or victim if they feel some kind of personal connection. That's often missing from anti-piracy messages. It's worth noting that not all personal messaging is effective either. The paper mentions an Indian anti-piracy campaign where famous Bollywood actors urged people not to download films illegally, equating piracy to theft. However, the Indian public probably has little sympathy for the potential "losses" incurred by these multi-millionaire actors. In fact, the anti-piracy campaign may be seen as an extra motivation to pirate. "All videos starred well-known actors, whose net worth is estimated to be $22-$400 million dollars, in a country where the annual per capita income is a bit less than $2,000." "This can offer to pirates a moral justification: they only steal the rich to 'feed the poor', a form of 'Robin Hood effect' that makes even more sense with some cultural or sport-related goods," the researchers add. Piracy is a widespread and global phenomenon. This makes it particularly problematic for copyright holders but emphasizing this issue in anti-piracy messages isn't a good idea. This is the third mistake that's highlighted in the article. By pointing out that people are supposed to get content legally while at the same time showing that many people don't, people might actually be encouraged to pirate. Behavioral research has shown that people often prefer to follow the descriptive norm (what people do) rather than the injunctive one (what the law prescribes). "Informing directly or indirectly individuals that many people pirate is counterproductive and encourages piracy by driving the targeted individuals to behave similarly. These messages provide to the would-be pirates the needed rationalization by emphasizing that 'everyone is doing it'," the researchers write.

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Stem cell researchers in Israel have created synthetic mouse embryos without using a sperm or egg, then grown them in an artificial womb for eight days, a development that opens a window into a fascinating, potentially fraught realm of science that could one day be used to create replacement organs for humans. The Washington Post reports: The objective, scientists involved with the research said, is not to create mice or babies outside the womb, but to jump-start the understanding of how organs develop in embryos and to use that knowledge to develop new ways to heal people. From a clump of embryonic stem cells, scientists at the Weizmann Institute of Science created synthetic embryos that closely resembled real mouse embryos, with rudimentary beating hearts, blood circulation, folded brain tissue and intestinal tracts. The mouse embryos grew in an artificial womb and stopped developing after eight days, about a third of a mouse pregnancy. The research, published Monday in the journal Cell, is far from growing a mouse, much less a human, outside the womb. It was a proof of concept that a complete synthetic embryo could be assembled from embryonic stem cells, and while the researchers were successful, it was a highly error-prone process, with only a small fraction of embryos going on to develop the beginnings of a beating heart and other organs. Although the synthetic mouse embryos bore a close resemblance to natural mouse embryos, they were not exactly the same and did not implant or result in pregnancies in real mice, according to Jacob Hanna, the stem cell scientist at the Weizmann Institute of Science who led the work. The research, like other recent studies, puts the possibility of a complete human synthetic embryo on the horizon, several researchers said, making it necessary to continue a societal discussion about how these entities should be handled. Last year, the International Society for Stem Cell Research relaxed a historical "14-day rule" that said researchers could grow natural embryos for only 14 days in the laboratory, allowing researchers to seek approval for longer studies. Human embryo models are banned from being implanted into a uterus.

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Wave Swell Energy's remarkable UniWave 200 is a sea platform that uses an artificial blowhole formation to create air pressure changes that drive a turbine and feed energy back to shore. After a year of testing, the company reports excellent results. New Atlas reports: As we've discussed before, the UniWave system is a floating device that can be towed to any coastal location and connected to the local energy grid. It's designed so that wave swells force water into a specially designed concrete chamber, pressurizing the air in the chamber and forcing it through an outlet valve. Then as the water recedes, it generates a powerful vacuum, which sucks air in through a turbine at the top and generates electricity that's fed into the grid via a cable. As a result, it draws energy from the entire column of water that enters its chamber, a fact the team says makes it more efficient than wave energy devices that only harvest energy from the surface or the sea floor. [...] A 200-kW test platform was installed last year off King Island, facing the notoriously rough seas of Bass Strait, which separates the island state of Tasmania from the mainland of Australia. There, it's been contributing reliable clean energy to the island's microgrid around the clock for a full 12 months. The WSE team has made a few live tweaks to the design during operation, improving its performance beyond original expectations. "We set out to prove that Wave Swell's wave energy converter technology could supply electricity to a grid in a range of wave conditions, and we have done that," said WSE CEO Paul Geason in a press release. "One key achievement has been to deliver real-world results in Tasmanian ocean conditions to complement the AMC test modeling. In some instances, the performance of our technology in the ocean has exceeded expectations due to the lessons we've learnt through the project, technological improvements and the refinements we have made over the course of the year." "Our team is excited to have achieved a rate of conversion from wave power to electricity at an average of 45 to 50% in a wide range of wave conditions," he continues. "This is a vast improvement on past devices and shows that the moment has arrived for wave power to sit alongside wind, solar and energy storage as part of a modern energy mix." The King Island platform will remain in place at least until the end of 2022, and the company is now gearing up to go into production. "Having proven our device can survive the toughest conditions the Southern Ocean and Bass Strait can throw at it, and deliver grid compliant electricity, our priority now shifts to commercializing the technology," said Gleason. "For Wave Swell this means ensuring the market embraces the WSE technology and units are deployed to deliver utility scale clean electricity to mainland grids around the world."

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An anonymous reader quotes a report from Gizmodo: Data centers have caused skyrocketing power demand in parts of London. Now, new housing construction could be banned for more than a decade in some neighborhoods of the UK's biggest city because the electricity grid is reaching capacity, as first reported on by the Financial Times. The reason: too many data centers are taking up too much electricity and hogging available fiber optic cables. The Financial Times obtained multiple letters sent from the city's government, the Greater London Authority (GLA), to developers. "Major new applicants to the distribution network... including housing developments, commercial premises and industrial activities will have to wait several years to receive new electricity connections," said one note, according to the news outlet. The GLA also confirmed the grid issue to Gizmodo in an email, and sent along text from one of the letters, which noted that for some areas utilities are saying "electricity connections will not be available for their sites until 2027 to 2030." Though the Financial Times reported that at least one letter indicated making the necessary electric grid updates in London could take up until 2035. [...] "Data centres use large quantities of electricity, the equivalent of towns or small cities, to power servers and ensure resilience in service," one of the GLA letters seen by the Financial Times reportedly said. [...] Developers are "still getting their heads round this, but our basic understanding is that developments of 25 units or more will be affected. Our understanding is that you just can't build them," said David O'Leary, policy director at the Home Builders Federation, a trade body. Combined, those sections of London contain about 5,000 homes and make up about 11% of the city's housing supply, according the Financial Times. A spokesperson for the London Mayor told Gizmodo in a statement: "The Mayor is very concerned that electricity capacity constraints in three West London boroughs are creating a significant challenge for developers securing timely connections to the electricity network, which could affect the delivery of thousands of much-needed homes...The increased demand for electricity capacity in the area is believed to be largely due to a rapid influx of batteries and data centers."

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Chinese tech giant Alibaba is the latest company to run afoul of the US Securities and Exchange Commission, which has threatened delisting from US stock exchanges. The Register reports: Alibaba's addition to the SEC's list of nearly 300 companies -- mostly from China -- means that US officials were unable to complete an audit of the company's finances. The 2020 Holding Foreign Companies Accountable Act (HFCAA) gives the SEC the authority to delist companies if it is suspected that financial audits may not be accurate. The news hit Alibaba stock hard on Friday, causing it to drop from $100.52 to $89.37 through the day. In a statement sent to the SEC on Monday, Alibaba said it would "strive to maintain its listing status," and that it would continue to monitor market developments and comply with applicable laws and regulations. Addition to the SEC's HFCAA list doesn't mean that Alibaba will immediately be removed from the New York Stock Exchange (NYSE). Instead, the notice marks the company's first "non-inspection" year; Alibaba is only actually in danger of delisting if it hands in two more consecutive annual reports that run afoul of the HFCAA. The report that landed the company under scrutiny covered Alibaba's fiscal year ending on March 31, 2022. Companies on the provisional HFCAA list have 15 business days to dispute addition to the list. Along with Alibaba's inclusion last week, pet company Boqii, Cheetah Mobile, ecommerce platform MOGU, manufacturing business Highway Holdings and logistics company Novagant Corp -- all from China or Hong Kong -- were added.

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According to a new report from ETNews, Intel is planning to install its next-generation Wi-Fi 7 (802.11be) technology in devices by 2024 as Apple transitions its devices to Wi-Fi 6E. MacRumors reports: Wi-Fi 7 is the successor to Wi-Fi 6E (802.11ax), bringing two times faster data processing speeds of 5.8 Gbps and more stable 6 GHz bandwidth stability, as well as support for up to 36 Gbps when working with data. Intel plans to expand its Wi-Fi 7 development efforts ahead of its introduction to the market in 2024 and intends to apply its technology predominantly in laptops before expanding to other devices. "We are currently developing Intel's Wi-Fi '802.11be' in order to obtain the 'Wi-Fi Alliance' certification, and it will be installed in PC products such as laptops by 2024. We expect it to appear in major markets in 2025," Eric McLaughlin, vice president of Intel's wireless solutions division, said at a recent press conference in Asia. Meanwhile, Apple is on the cusp of transitioning its devices to Wi-Fi 6E. While it was heavily rumored to debut with the iPhone 13 lineup last year, Apple has yet to release any devices with support for Wi-Fi 6E. That is expected to change this year starting with the iPhone 14. Apple's long-rumored mixed-reality headset is also expected to feature Wi-Fi 6E. Apple analyst Ming-Chi Kuo said that head-mounted display devices in 2022, 2023, and 2024 will offer Wi-Fi 6/6E, Wi-Fi 6E/7, and Wi-Fi 7, respectively, but it is unclear if this information was related to Apple's product roadmap specifically. "Wi-Fi 6E offers the features and capabilities of Wi-Fi 6, including higher performance, lower latency, and faster data rates, extended into the 6 GHz band for processing speeds of 2.4 Gbps," notes MacRumors. "The additional spectrum provides more airspace beyond existing 2.4GHz and 5GHz Wi-Fi, resulting in increased bandwidth and less interference." Other tech giants like Qualcomm, Broadcom, and MediaTek are also planning to release Wi-Fi 7-based products in the next few years.

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Meta publicly released information on 21 billion Facebook friendships as part of a research project looking at economic inequality in the United States, the company announced today. Along with new insights into the intersection of money and friendships in America, the partnership between Meta and the researchers gives us another look at who Facebook is willing to share data with -- and why. The Verge reports: The research team wanted to understand why people in some places in the US were more likely to move between economic brackets than in others. Using the information from Meta, along with other data, a research team built a dataset for a pair of studies on economic mobility, published Monday in the journal Nature. One study found that people who grow up in areas where there are more friendships between high- and low-income people are more likely to move out of poverty and up the economic ladder. "Growing up in a community connected across class lines improves kids' outcomes and gives them a better shot at rising out of poverty," Raj Chetty, a Harvard economist and lead researcher on the study, told The New York Times. Many places, though, don't allow for much interaction between high- and low-income people, the second of the two studies found. And even when a neighborhood does allow for that kind of interaction, people are still more likely to befriend people in similar economic brackets. [...] [T]he full dataset, which covers 21 billion Facebook friendships, is available through Facebook's Data for Good program. People can search the public-facing website and see the economic connectedness of various communities, including their own. Researchers can download the data for additional studies. [...] The new studies offer valuable insight into economic mobility in the US, and the data could help researchers understand how people in the US build relationships.

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An anonymous reader quotes a report from The Register: The US Commerce Department says it will strictly control use of subsidies under the recently passed CHIPS and Science Act, which promises to unlock billions of dollars in funding for domestic chip manufacturing. The eagerly anticipated spending bill paves the way for $280 billion in funding for science and technology, roughly $52 billion of which is earmarked for boosting US semiconductor production. Its passing was greeted by companies such as Intel and Micron, the latter of which promised to ramp up stateside memory production over the next few years in exchange for some of that cash. However, the Commerce Department has given chipmakers notice that it will not be allowing a free-for-all, and will not let them use government funding for "stock buybacks or to pad their bottom line," it said in a published statement. Instead, subsidies awarded will be "no larger than is necessary to ensure a project happens here in the United States," the Commerce Department said, adding that it wanted to avoid a situation where states and municipalities became embroiled in a subsidy competition in the race to attract chipmakers to build there. The Department also warned that it will not hesitate to clawback funds or pursue other remedies from semiconductor companies that are found to have misused taxpayer dollars. Funding will come with conditions attached: chipmakers that receive a CHIPS subsidy will be prohibited from engaging in "significant transactions in China or other countries of concern" involving any leading-edge semiconductor manufacturing capacity for a period of ten years.

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If time feels tighter than ever of late, blame it on the revolution. On 29 June this year, Earth racked up an unusual record: its shortest day since the 1960s, when scientists began measuring the planet's rotation with high-precision atomic clocks. From a report: Broadly speaking, Earth completes one full turn on its axis every 24 hours. That single spin marks out a day and drives the cycle of sunrise and sunset that has shaped patterns of life for billions of years. But the curtains fell early on 29 June, with midnight arriving 1.59 milliseconds sooner than expected. The past few years have seen a flurry of records fall, with shorter days being notched up ever more frequently. In 2020, the Earth turned out 28 of the shortest days in the past 50 years, with the shortest of those, on 19 July, shaving 1.47 milliseconds off the 86,400 seconds that make up 24 hours. The 29 June record came close to being broken again last month, when 26 July came in 1.5 milliseconds short. So is the world speeding up? Over the longer term -- the geological timescales that compress the rise and fall of the dinosaurs into the blink of an eye -- the Earth is actually spinning more slowly than it used to. Wind the clock back 1.4bn years and a day would pass in less than 19 hours. On average, then, Earth days are getting longer rather than shorter, by about one 74,000th of a second each year. The moon is mostly to blame for the effect: the gravitational tug slightly distorts the planet, producing tidal friction that steadily slows the Earth's rotation. To keep clocks in line with the planet's spin, the International Telecommunication Union, a United Nations body, has taken to adding occasional leap seconds in June or December -- most recently in 2016 -- effectively stopping the clocks for a second so that the Earth can catch up. The first leap second was added in 1972. The next opportunity is in December 2022, although with Earth spinning so fast of late, it is unlikely to be needed.

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The Nuclear Regulatory Commission (NRC) has announced that it would be issuing a certification to a new nuclear reactor design, making it just the seventh that has been approved for use in the US. But in some ways, it's a first: The design, from a company called NuScale, is a small modular reactor that can be constructed at a central facility and then moved to the site where it will be operated. From a report: The move was expected after the design received an OK during its final safety evaluation in 2020. Small modular reactors have been promoted as avoiding many of the problems that have made large nuclear plants exceedingly expensive to build. They're small enough that they can be assembled on a factory floor and then shipped to the site where they will operate, eliminating many of the challenges of custom on-site construction. In addition, they're structured in a way to allow passive safety, where no operator actions are necessary to shut the reactor down if problems occur. Many of the small modular designs involve different technology from traditional reactors, such as the use of molten uranium salts as the reactor fuel. NuScale has a much more traditional design, with fuel and control rods and energy transported through boiling water. Its operator-free safety features include setting the entire reactor in a large pool of water, control rods that are inserted into the reactor by gravity in the case of a power cut, and convection-driven cooling from an external water source.

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The system for getting donated kidneys, livers and hearts to desperately ill patients relies on out-of-date technology that has crashed for hours at a time and has never been audited by federal officials for security weaknesses or other serious flaws, according to a confidential government review obtained by The Washington Post. From the report: The mechanics of the entire transplant system must be overhauled, the review concluded, citing aged software, periodic system failures, mistakes in programming and over-reliance on manual input of data. In its review, completed 18 months ago, the White House's U.S. Digital Service recommended that the government "break up the current monopoly" that the United Network for Organ Sharing, the nonprofit agency that operates the transplant system, has held for 36 years. It pushed for separating the contract for technology that powers the network from UNOS's policy responsibilities, such as deciding how to weigh considerations for transplant eligibility. About 106,000 people are on the waiting list for organs, the vast majority of them seeking kidneys, according to UNOS. An average of 22 people die each day waiting for organs. In 2021, 41,354 organs were transplanted, a record. UNOS is overseen by the Health Resources and Services Administration (HRSA), but that agency has little authority to regulate transplant activity. Its attempts to reform the transplant system have been rejected by UNOS, the report found. Yet HRSA continues to pay UNOS about $6.5 million annually toward its annual operating costs of about $64 million, most of which comes from patient fees. "In order to properly and equitably support the critical needs of these patients, the ecosystem needs to be vastly restructured," a team of engineers from the Digital Service wrote in the Jan. 5, 2021, report for HRSA, which is part of the Department of Health and Human Services.

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Oracle has started to lay off employees in the United States, The Information said on Monday, citing a person with direct knowledge of the matter. Reuters reports: The publication in July reported that Oracle was considering cutting thousands of jobs in its global workforce after targeting cost cuts of up to $1 billion. The company had about 143,000 full-time employees as of May 31, according to its latest annual report. The layoffs at Oracle will affect employees at its offices in the San Francisco Bay Area, Monday's report said, but it did not mention the number of employees affected. The report also said layoffs in Canada, India and parts of Europe were expected in the coming weeks and months.

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Microsoft says the Outlook email client will crash when opening and reading emails with tables such as Uber receipt emails. BleepingComputer reports: "When opening, replying, or forwarding some emails that include complex tables, Outlook stops responding," the company explains in a support document. To make matters worse, emails with the same table contents will also cause the Microsoft Word app to stop responding. While the known issue affects Microsoft 365 customers in the Current Channel Version 2206 Build 15330.20196 and higher, it can also trigger freezes in current Beta and Current Channel Preview builds. The Microsoft Word team has already developed a fix that will be released to Beta channel customers soon, after undergoing verification. Microsoft added that customers using Outlook versions in the Current Channel would receive the fix as part of this month's Patch Tuesday, on August 9, 2022. For those unable to wait for the fix, Microsoft has provided a workaround that requires users to revert to an older build.

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An anonymous reader quotes a report from The Guardian: For years Craig Wright has claimed that he is the mythical figure who created bitcoin. But a legal bid by the Australian computer scientist to defend his assertion that he is Satoshi Nakamoto resulted in a pyrrhic victory and a tarnished reputation on Monday. A high court judge ruled (PDF) Wright had given "deliberately false evidence" in a libel case and awarded him one pound in damages after he sued a blogger for alleging that his claim to be the elusive Nakamoto was fraudulent. "Because he [Wright] advanced a deliberately false case and put forward deliberately false evidence until days before trial, he will recover only nominal damages," wrote Justice Chamberlain. Wright had sued blogger Peter McCormack over a series of tweets in 2019, and a video discussion broadcast on YouTube, in which McCormack said Wright was a "fraud" and is not Satoshi. The issue of Nakamoto's identity was not covered by the judge's ruling because McCormack had earlier abandoned a defense of truth in his case. Wright claimed that his reputation within the cryptocurrency industry had been "seriously harmed" by McCormack's claims. He said he had been invited to speak at numerous conferences after the successful submission of academic papers for blind peer review, but 10 invites had been withdrawn following McCormack's tweets. This included alleged potential appearances at events in France, Vietnam, the US, Canada and Portugal. But McCormack submitted evidence from academics challenging Wright's claims, which were then dropped from his case at the trial in May. Wright later accepted that some of his evidence was "wrong" but said that this was "inadvertent," Chamberlain said in his judgment. The judge noted that there was "no documentary evidence" that Wright had a paper accepted at any of the conferences identified in the earlier version of his libel claim, nor that he received an invitation to speak at them except possibly at one, and that any invitation was withdrawn. Wright's explanation for abandoning this part of his case because the alleged damage to his reputation from the "disinvitations" was outside England and Wales "does not withstand scrutiny," the judge added. He concluded: "Dr Wright's original case on serious harm, and the evidence supporting it, both of which were maintained until days before trial, were deliberately false." [...] [T]he judge said that Wright's pre-trial case over the serious harm to his reputation made it "unconscionable" that he should receive "any more than nominal damages." In statement Wright said: "I intend to appeal the adverse findings of the judgment in which my evidence was clearly misunderstood. I will continue legal challenges until these baseless and harmful attacks designed to belittle my reputation stop."

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Google is launching a new effort called "Simplicity Sprint" in an effort to improve efficiency and improve employee focus during an uncertain economic environment. From a report: The Alphabet company had its regular all-hands meeting last Wednesday, and the tone was somewhat urgent as employees expressed concern over layoffs and CEO Sundar Pichai asked employees for input, according to attendees and related internal documentation viewed by CNBC. Google's productivity as a company isn't where it needs to be even with the head count it has, Pichai told employees in the meeting. "I wanted to give some additional context following our earnings results, and ask for your help as well," Pichai opened, referring to the company's second-quarter earnings report Tuesday. "It's clear we are facing a challenging macro environment with more uncertainty ahead." He added, "There are real concerns that our productivity as a whole is not where it needs to be for the head count we have." He asked employees to help "create a culture that is more mission-focused, more focused on our products, more customer focused. We should think about how we can minimize distractions and really raise the bar on both product excellence and productivity."

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Amazon said its carbon footprint grew 18% in 2021, as the company's rapid growth during the pandemic overwhelmed nascent efforts to cut its contribution to the emissions warming the planet. From a report: The world's largest online retailer emitted 71.54 million metric tons of carbon-dioxide equivalent last year, Amazon disclosed on Monday in an updated edition of its sustainability report. That's up about 40% since the company first disclosed the figure, with data from 2019. Amazon's carbon intensity -- a measure that divides its emissions by gross merchandise sales -- fell 1.9%, an indication of the company's success in delivering products and running its warehouses, data centers and offices more efficiently. Amazon aims to become a "net zero" emitter of greenhouse gases by 2040.

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A mega-spending package to grow U.S. semiconductor production must reckon with a tough reality: The world is already awash in chip-making incentives. From a report: What makes the U.S. effort unique is the enormous one-time sum -- roughly $77 billion in subsidies and tax credits -- earmarked to boost American manufacturing of the ubiquitous tech component. But other countries, especially in Asia, have doled out government dollars and offered favorable regulations for decades. And they plan for more. China has prepared investments of more than $150 billion through 2030, according to one estimate. South Korea, with an aggressive array of incentives, aims to encourage roughly $260 billion in chip investments over the next five years. The European Union is pursuing more than $40 billion in public and private semiconductor investments. Japan is spending about $6 billion to double its domestic chip revenue by the end of the decade. Taiwan has around 150 government-sponsored projects for chip production over the past decade, with its leader pushing for more localized manufacturing of semiconductor equipment.

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A bet on banking doesn't seem to have saved troubled fintech LendUp. Parent company LendUp Global has reportedly begun liquidating assets, including its neobank subsdiary, through an assignment for the benefit of creditors, a quieter alternative to a public bankruptcy. From a report: Fintech Business Weekly reported LendUp's plans Sunday. In December, the CFPB ordered LendUp, a fintech primarily known for its earned wage access product, to cease lending operations after allegedly misleading and deceiving customers. At the time, a spokesperson told Protocol that a neobank also owned by their parent company, Ahead Money, would continue operations. The company, once considered an exciting investment opportunity by the likes of Andreessen Horowitz and Google Ventures, faced a lengthy regulatory battle from 2016 to the end of 2021. The company first entered into consent orders with regulators in 2016 after allegedly deceiving borrowers about the terms of their loans, paying $3.63 million in fines. Four years later the company entered another consent order via a joint deal between California and CFPB regulators, paying $6.3 million after allegedly violating the Truth in Lending Act and the Consumer Financial Protection Act. In early 2021 the company entered a settlement whereby it paid $1.25 million because of similar allegations of violations.

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Hackers had access to dashboards used to remotely manage and control thousands of credit card payment terminals manufactured by digital payments giant Wiseasy, a cybersecurity startup told TechCrunch. From a report: Wiseasy is a brand you might not have heard of, but it's a popular Android-based payment terminal maker used in restaurants, hotels, retail outlets and schools across the Asia-Pacific region. Through its Wisecloud cloud service, Wiseasy can remotely manage, configure and update customer terminals over the internet. But Wiseasy employee passwords used for accessing Wiseasy's cloud dashboards -- including an "admin" account -- were found on a dark web marketplace actively used by cybercriminals, according to the startup. Youssef Mohamed, chief technology officer at pen-testing and dark web monitoring startup Buguard, told TechCrunch that the passwords were stolen by malware on the employee's computers. Mohamed said two cloud dashboards were exposed, but neither were protected with basic security features, like two-factor authentication, and allowed hackers to access nearly 140,000 Wiseasy payment terminals around the world.

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