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Tuesday, October 16, 2018


1.PAYPAL leaked 1.6 million customers’ records

Global digital payments platform Paypal has identified a potential compromise of personally identifiable information for approximately 1.6 million customers on TIO Networks — a Canadian payments platform owned by Paypal.

“The PayPal platform is not impacted in any way, as the TIO systems are completely separate from the PayPal network, and PayPal’s customers’ data remains secure,” TIO Networks said in a statement.

PayPal paid $233 million in cash to acquire TIO Networks in July this year.

On November 10, PayPal suspended TIO’s operations after it discovered security vulnerabilities in the firm’s platform.

“The operations of TIO Networks were suspended to protect customer data as part of an ongoing investigation of security vulnerabilities of the TIO platform,” the company said on Monday.

The ongoing investigation uncovered evidence of unauthorised access to TIO’s network, including locations that stored personal information of some of TIO’s customers and customers of TIO billers.

The company was yet to contact all customers, billers and retailers affected by the leak.

2. BITCOIN digital currency investment scam

US market regulators said Monday they for the first time have shut down a digital currency investment scam, charging a company that took millions from investors, “falsely promising” a speedy, 13-fold profit.

The Securities and Exchange Commission’s new Cyber Unit filed charges against and froze the assets of Dominic Lacroix, a Canadian with a history of securities law violations, and his company PlexCorps.

The company sold securities called PlexCoin to investors in the US and elsewhere, raising $15 million since August, and promising a return of 1,354 percent within 29 days, the SEC said in a statement.

These were the first charges filed by the Cyber Unit the SEC created in September to focus on fraudulent initial offerings of digital currency and other crimes.

3. Honor 7X With Dual Rear Camera

Honor 7X is the latest offering from the company with a mid-range pricing of Rs 12,999 going up to Rs 15,999 for the 64GB variant. Pricing is not the only play that Honor is relying on, it is also offering dual-rear cameras and a bigger 18:9 aspect ratio display in the mid-range/budget segment. Players like Xiaomi, Motorola are yet to offer 18:9 displays in the market in the under Rs 15,000 segment so far. However, both have a dual-rear camera option with Mi A1 priced at Rs 14,999 while there’s the Moto G5S Plus at Rs 15,999.


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