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New Era Newspaper Wednesday May 9, 2018

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10 Inside BUSINESS: ICT & GADGET Wednesday 9 May 2018 NEW ERA Information watchdog seeks Cambridge Analytica data Cambridge Analytica has been ordered to turn over information it has on US citizen David Carroll by the UK’s data protection watchdog. The data demand stems from legal action by Prof Carroll, who wants to know what Google is demanding that those placing political ads during the forthcoming US elections must prove they are US citizens or permanent residents. The demand is part of an update to its policies that tries to make political adverts more “transparent”. In addition, advertisers must reveal who has put up the cash for the advert. Social media firms have updated their policies in the wake of revelations that their ad platforms have been abused by Russian propaganda outfits. information the firm holds on him. The company is at the centre of a row over the way it grabbed data on millions of Facebook users. Cambridge Analytica could face a steep fine if it does not comply before a MARKET OVERVIEW 30-day deadline expires. Prof Carroll - an associate professor at Parsons School of Design in New York - was prompted to find out what information it had gathered about him when it emerged that Cambridge Analytica had built up profiles of 240 million Americans. He sent a data request to Cambridge Analytica. In March last year, he got back information that Google’s new policy follow similar changes at Twitter and Facebook governing who can buy space for political adverts. In a blog announcing the change, Kent Walker, a Google senior vice-president, said the changes made good on a 2017 commitment to be more open about who funds political adverts. “Advertisers will have to provide a government-issued ID and other key information,” said Mr Walker. In addition, he said, Google would release a transparency report in the summer that only deals with electionbased advertising. This would detail who bought ads and how much money they spent. It is also collecting political ads in a database that anyone will be able to search. Initially, the ID demands will only apply to US elections, but Google said it hoped to extend the more stringent controls to other votes and campaigning seasons. Both Facebook and Twitter have pledged to release more information about who buys political ads on their respective social networks. They also introduced tighter controls on who can buy ads. showed how it had scored him on a small set of political categories, including gun control and national security. Prof Carroll then launched legal action to find out more, as he believed the information sent to him was incomplete. Cambridge Analytica had previously boasted that every voter profile it generated used 4,000 to 5,000 data points. Google changes rules for buying election adverts Those changes came in response to a series of reports which suggested that Russian actors with links to the Kremlin had been buying political adverts and targeting them at American voters. Facebook said the ads, of which there were about 3,000, did not support any particular candidate, but instead shared inflammatory information on sensitive topics such as immigration. In November 2018, US mid-term elections will be held which will see hundreds of US politicians up for reelection. – BBC News Change Latest 3 months 0.00% 6.90% 6 months 0.00% 7.38% CGP CAPRICORN INVESTMENT GROUP L 1739 0.00% 9 months 0.01% 7.53% NBS NAMIBIA BREWERIES LTD 4499 0.00% 12 months -0.03% 7.81% BVN BIDVEST NAMIBIA LTD 780 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4614 0.00% GC18 (R204 : 6.74%) -0.01% 7.65% ORY ORYX PROPERTIES LTD 2036 0.00% GC21 (R208 : 7.37%) -0.03% 8.19% NAM NAMIBIAN ASSET MANAGEMENT LT 67 0.00% GC24 (R186 : 8.28%) -0.03% 10.08% NHL NICTUS NAMIBIA 180 0.00% GC27 (R186 : 8.28%) -0.03% 10.18% BMN BANNERMAN RESOURCES LTD 42 13.51% GC30 (R2030 : 8.68%) -0.02% 10.28% DYL DEEP YELLOW LTD 275 14.58% GC32 (R213 : 8.76%) -0.02% 10.47% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.01%) -0.03% 10.44% FSY FORSYS METALS CORP 108 0.93% GC37 (R2033 : 8.86%) -0.03% 10.86% TUC TRUSTCO GROUP HOLDINGS LTD 850 0.00% %Change Latest B2G B2GOLD CORP 3592 0.90% Gold 0.77% $ 1,315.01 Platinum 0.86% $ 903.45 Copper 0.00% $ 6,820.00 Brent Crude -0.41% $ 72.77 %Change Latest NSX (Delayed) 0.01% 1420.68 JSE All Share -1.39% 57,640.37 SP500 -0.72% 2,635.67 FTSE 100 -0.18% 7,529.36 Hangseng -1.34% 30,313.37 DAX -0.43% 12,746.67 %Change Latest Financials -1.83% 17,598.89 Resources -0.48% 38,139.53 Industrials -1.85% 74,356.84 %Change Latest N$/US dollar -0.70% 12.6178 N$/Pound -0.58% 17.1480 N$/Euro -0.51% 15.1094 US dollar/ Euro 0.20% 1.1975 Latest Previous Namibia Inflation (Mar 18) 3.5 3.5 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 Twitter users told to change passwords after internal leak Twitter users told to change passwords after internal leak Twitter’s 330 million users are being urged to change their passwords after some were exposed in plain text on its internal network. An error in the way the passwords were handled meant some were stored in easily readable form, said Twitter. The passwords should have been put through a procedure called “hashing” making them very difficult to read. Security experts said the way Twitter handled the potential breach was “encouraging”. The bug caused the passwords to be stored on an internal computer log before the hashing process was completed. In a blog, the social network said once the mistake was uncovered it carried out an internal investigation which found no indication passwords were stolen or misused by insiders. However, it still urged all users to consider changing their passwords “out of an abundance of caution”. Twitter did not say how many passwords were a f f e c t e d b u t it is understood the number was “substantial” and that they were exposed for “several months”. T w i t t e r discovered the bug a few weeks ago and has reported it to some regulators, an insider told Reuters. Chief executive Jack Dorsey tweeted to say the “bug” had been fixed. I n d e p e n d e n t security expert Graham Cluley said: “It’s quite encouraging that Twitter both found t h e p r o b l e m i n t e r n a l l y a n d i n f o r m e d i t s users quickly and transparently. “ S o m e t h i n g s i m i l a r j u s t happened to Github and I wonder if Twitter’s discovery was caused by them asking: ‘Hey, see that Github problem? Do you think something like that could happen to us?’.” Security expert Per Thorsheim, who regularly advises firms about the best password practices, said Twitter should be “applauded for its transparency”. “The problem they discovered is known since the dawn of logins with passwords,” he told the BBC. “The chance of passwords (or failed passwords) getting logged, in plain text logs available for staff or in worst case, complete strangers, is well known.” Troy Hunt, who runs the Have I B e e n P w n e d website, which logs breaches, said the error was not something that would worry him because there was no indication that the login passwords were seen outside the company. M r H u n t added: “We’ve cer tainly seen many precedents of simply flaws resulting in data breaches. “The Red Cross Blood Service in Australia used an outsourcing provider who i n a d v e r t e n t l y published their entire database to a public web server resulting in Australia’s largest ever data breach,” he said. All three experts urged users to act on Twitter’s advice and change their password. Mr Cluley said enabling two-factor a u t h e n t i c a t i o n that adds another ID check to login attempts would help “harden” accounts. – BBC News

Wednesday 9 May 2018 NEW ERA 11 Youth Corner Learners excited by leadership academy

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New Era Newspaper Vol 22 No 167