China’s largest car-hailing service Didi redesigns ar-pooling platform after passenger death

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China’s largest car-hailing service Didi, has redesigned its platform after being criticized for the ‘socialization’ feature that saw drivers inappropriately commenting on the looks of female passengers reports ZDNet. The service has been halted since May 12 after a 21-year-old flight attendant reportedly died at the hands of a 26-year-old driver in China’s Henan province on May 6. The flight attendant had booked a ride through Didi and was allegedly killed by the driver who was also found dead in a river by police, according to Chinese news reports. Didi…

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Brookings Study estimates cost of internet shutdowns in 2015 at $2.4 billion

Banking Crisis
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Whenever there’s a shutdown of internet access or restrictions placed on an app, we shake our heads disapprovingly because we know it’s a fundamentally bad idea to do that. But what exactly is the cost of those shutdowns? A new study from the Brookings Institution suggests well over $2 billion over the last year. The study, by Brookings analyst Darrell West, is a very rough estimate of these costs. We’re talking back-of-napkin rough — well, assuming you were sitting at the bar with MIT and World Bank economists. Essentially, West…

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Cybercriminals Are Misappropriating Businesses’ Web Addresses

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As a Result, Customers Can’t Find the Real Companies on the Web Cybercriminals targeting businesses are stealing more than customer passwords and credit-card numbers these days. Some are misappropriating the very Web addresses—or domain names—of the businesses themselves. When Pablo Palatnik of Miami glanced at a Google analytics report showing Web traffic on his office TV monitor one day last month, he was alarmed to discover that traffic to his business website, Shadesdaddy.com, had plunged 80% from its usual level of as many as 10,000 visitors a day. At first,…

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Apple posts $18 billion profit, the largest in its history

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Apple just posted its first quarter results, and as expected, it was a big one. Led once again by record sales of new iPhones and holiday sales of iPads and Macs, Apple posted earnings of $18 billion on $74.6 billion in revenue, far above what it forecasted back in October, and marking the highest quarterly profit in its history. By product, Apple sold 74.5 million iPhones, 21.4 million iPads, and 5.52 million Macs. Those numbers were up big from the number of iPhones and Macs Apple sold during the same time…

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China gets its first online private bank, courtesy of Tencent

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Chinese internet and social giant Tencent has launched the country’s first private online bank. The bank, which is called WeBank in a clear allusion to its massively popular instant messaging service WeChat, is also China’s first internet-based financial institution. The launch of WeBank sees Tencent steal a march on Alibaba and eight other private investors who were last year given permission to launch five private online banks. As Technode pointed out at the time, the pilot programme is designed to help make funding more accessible to startups and small businesses.…

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Russia and China Edge Out US With Proposed Cyber Security Pact

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Russia and China look set to sign a bilateral cyber security agreement next month in a move which could further isolate the US on the world stage. Russian newspaper Kommersant, whose owner has ties to Vladamir Putin, cited sources “close to the Kremlin” as saying the “two-sided agreement” would probably be ready by November 10, when the president will be in Beijing to attend the APEC summit. Putin and China’s president Xi Jinping are also expected to hold a joint address on information security during the visit, the report said. The…

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Facebook’s Mark Zuckerberg speaks Chinese in Beijing visit

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Facebook has been blocked by Chinese authorities for over five years, but company founder Mark Zuckerberg appears to be on a new charm offensive to crack the massive market. In a move that has sent tongues wagging across China and around the globe, Zuckerberg on Wednesday showed off his nascent Chinese language skills in Beijing by participating in a 30-minute question-and-answer session conducted entirely in Mandarin. When asked about Facebook’s plans in China, Zuckerberg said the company already has a presence in the country, focused on helping Chinese companies grow in…

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Vietnam, China and India gamers most vulnerable to cyberattacks

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Summary: The number of attacks could spike as millions are expected to receive games as presents in the holiday season, especially with the launch of newer consoles like PlayStation and Xbox, says Kaspersky Lab. Users worldwide are being hit by an average of 34,000 attacks related to gaming malware daily, according to a study by Kaspersky Lab. The total number of attacks on gamers was 11.7 million in 2013, and the number is expected to rise with millions of users receiving games for Christmas, especially wih the launch of newer…

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