網頁

2018年6月13日 星期三

Hillicon Valley: DHS gets new cyber chief | White House warns lawmakers not to block ZTE deal | White nationalists find home on Google Plus | Comcast aims to outbid Disney for Fox | Anticipation builds for report on FBI Clinton probe

 
 
View in Browser
 
The Hill Technology
Facebook   Twitter   LinkedIn   Email
 

The Cyber and Tech overnights have joined forces to give you Hillicon Valley, The Hill's new comprehensive newsletter detailing all you need to know about the tech and cyber news from Capitol Hill to Silicon Valley.

Welcome! Follow the cyber team, Morgan Chalfant (@mchalfant16) and Olivia Beavers (@olivia_beavers), and the tech team, Ali Breland (@alibreland) and Harper Neidig (@hneidig), on Twitter. Send us your scoops, tips and hot NBA trade rumors

 

HOMELAND SECURITY CYBER UNIT GETS A LEADER: The Senate confirmed Christopher Krebs in a voice vote Tuesday evening to serve at the helm of Homeland Security's National Protection and Programs Directorate, or NPPD, roughly four months after President Trump nominated him to the post.

In the role, Krebs will be responsible for overseeing the security of federal civilian networks and spearheading the federal government's efforts to protect critical infrastructure from cyber and physical threats. NPPD is also newly responsible for helping states secure their digital voting systems, in the wake of Russian interference in the 2016 election.

Krebs has been performing the role of undersecretary at NPPD in an acting capacity since last summer, and was officially nominated to the post by Trump in February.

"It's an incredible honor to be confirmed as the Under Secretary; it represents the confidence that the Senate, the President, and the Secretary [Kirstjen Nielsen] have in me to do this important job," Krebs said in a statement. "I'm excited to drop the Senior Official Performing the Duties of the Under Secretary title and officially lead the NPPD team in advancing the cybersecurity and resilience of the nation's critical infrastructure."

He said that his top legislative priority will be pressing Congress to pass legislation that would rename and reorganize NPPD -- a bill that has passed the House but recently encountered a hang-up in the Senate.

Krebs' nomination was not particularly controversial -- however, Sen. Ron Wyden (D-Ore.) briefly blocked Krebs' nomination in an effort to press Homeland Security to release more information about threats from devices known colloquially as "Stingrays" – mobile phone surveillance technology that the department recently detected evidence of in the D.C. area.

Homeland Security has since provided the Democratic senator with more information on the activity.

We've got more on Krebs' confirmation here..

 

DHS released a statement early Wednesday from Secretary Nielsen celebrating Krebs' nomination and praising his past experience at Homeland Security and in the private sector. "Please join me in congratulating Under Secretary Krebs and his family," Nielsen said, "I want to thank Chris for his dedication to championing our cybersecurity efforts and strengthening our country's critical infrastructure."

 

SPEAKING OF CYBER NOMINEES ... The White House announced late Tuesday that Trump is nominating Karen Evans, a former top IT official under the Bush administration, to serve as the Assistant Secretary of Energy for Cybersecurity, Energy Security and Emergency Response. If confirmed, Evans will lead a new office at DOE to tackle energy cyber and security. Evans is currently the national director for the U.S. Cyber Challenge. She also served as the Energy Department's chief information officer and later the Administrator for E-Government and Information Technology under Bush.

 

WHITE HOUSE WARNS CONGRESS OVER ATTEMPT TO BLOCK ZTE DEAL: The White House on Wednesday pushed back on legislative efforts to reverse President Trump's deal with China that eases penalties on Chinese telecommunications giant ZTE, helping to revive the company.

White House deputy press secretary Hogan Gidley defended the administration's agreement to impose lessened penalties on the company, maintaining that the punishment was "massive" and "historic."

"This will ensure ZTE pays for its violations and gives our government complete oversight of their future activity without undue harm to American suppliers and their workers," Gidley said in a statement.

"The Administration will work with Congress to ensure the final [National Defense Authorization Act] conference report respects the separation of powers," he added.

Last month, Trump made a deal to reduce the Department of Commerce's penalties leveled at ZTE for violating U.S. sanctions on Iran and North Korea. The penalties, which barred ZTE from purchasing U.S. made equipment, had effectively shut the company down.

More on the next stage of the ZTE debate here.

 

COMCAST TOPS DISNEY BID FOR FOX: Comcast is making a $65 billion bid for much of 21st Century Fox's assets, setting up a potential bidding war with Disney over the company's entertainment offerings.

Comcast CEO Brian Roberts sent a letter to the Fox board of directors on Wednesday with the offer of $35 per share, 19 percent more than Disney's bid.

The announcement comes just a day after a federal judge approved a similar deal, AT&T's $85 billion merger with Time Warner, over the Trump administration's efforts to block it.

"In light of yesterday's decision in the AT&T/Time Warner case, the limited time prior to your shareholders' meeting, and our strong continued interest, we are pleased to present a new, all-cash proposal that fully addresses the Board's stated concerns with our prior proposal," Roberts wrote in his letter.

Fox's board had rejected a bid from Comcast last year in part due to concerns over regulatory approval.

More on the corporate fight here.

 

ANTICIPATION BUILDS FOR WATCHDOG REPORT ON CLINTON EMAIL PROBE: Conservatives on Capitol Hill are anxiously awaiting the imminent release of a report from the Department of Justice (DOJ) inspector general scrutinizing the law enforcement agency's handling of its investigation into Hillary Clinton's private email server.

A spate of recent press reports suggesting that the document will be critical of top DOJ brass has raised expectations among some of President Trump's most ardent defenders that it will provide fuel for an ongoing broadside against the department.

Congress will likely not see the document until shortly before it is made public on Thursday, with its official conclusions remaining the subject of intense speculation until then.

Inspector General Michael Horowitz will almost immediately have to face Congress to defend his conclusions, with the inspector general scheduled to appear in a pair of back-to-back hearings early next week.

More from our national security reporter Katie Bo Williams here. 

 

VOTE DELAYED ON 'CYBER SAFETY' BILL: A key Senate panel has delayed a vote on legislation that would open up companies that produce cybersecurity technologies to liability protections in the event the products fail to prevent certain digital attacks.  

The bill offered by Sen. Steve Daines (R-Mont.) would update a 2002 law, the Support Anti-Terrorism by Fostering Effective Technologies (SAFETY) Act, designed to incentivize private sector companies to develop anti-terrorism technologies by reducing the threat of litigation in the event those technologies fail when deployed. Under the bill, cybersecurity technologies would be added to those that qualify for protection under systems of risk and litigation management established by the 2002 provision.

The Senate Homeland Security and Governmental Affairs Committee was scheduled to consider the bill at a business meeting on Wednesday, but never did. Chairman Ron Johnson (R-Wis.) indicated that concerns about the bill being overbroad resulted in the delay.

"We are still trying to work through different issues, there are some concerns in terms of how broad that is and what the language is, we are going to continue to work with Sen. Daines," Johnson said following the hearing, according to a committee aide.

 

NEO-NAZIS ON GOOGLE PLUS: White nationalist and neo-Nazi trolls have found a home on Google's social media platform, Google Plus.

Many groups espousing racist rhetoric and hate speech were kicked off Facebook and Twitter after violence erupted at the "Unite the Right" rally last summer in Charlottesville, Va., where a woman was killed by a car that was driven into a crowd of protesters.

While such voices have been kicked off Facebook and Twitter, they have not been purged from Google Plus.

Groups openly posting explicitly racist and anti-Semitic content have established dozens of Google Plus communities, the equivalent of Facebook groups. The communities have follower counts that range from the hundreds to the thousands.

We've been here before: Neo-Nazis on Google Plus isn't an outlier for the platform. As we've reported before, pro-ISIS groups have also found a home on Google Plus. Google's minimal intervention with both communities suggest that the company is doing little to proactively prevent hateful groups' presence on their platforms.

As does claims from groups that Google ignored them when they reported such communities.

 

YOU RAISE ME UP: Bitcoin's massive price run-up late last year may have been the result of a price manipulation campaign, according to a new study released on Wednesday.

The paper by John Griffin, a finance professor at the University of Texas who has researched fraud in other markets, and graduate student Amin Shams, found that the virtual coin Tether was likely used to prop up Bitcoin prices late last year.

"By mapping the blockchains of Bitcoin and Tether, we are able to establish that entities associated with the Bitfinex exchange use Tether to purchase Bitcoin when prices are falling. Such price supporting activities are successful, as Bitcoin prices rise following the periods of intervention," they wrote.

 

TOYOTA INVESTS IN ASIA RIDE-HAILING SERVICE: Toyota on Wednesday announced a $1 billion investment in the Southeast Asian ride-hailing company Grab.

Toyota said the investment is meant to enhance the collaboration between the two companies. Grab will now place an executive for Toyota on its board.

"This strong partnership will enable us to become the one-stop mobility platform in Southeast Asia. We look forward to executing the same vision of the future," Grab CEO Anthony Tan said in a statement.

 

FACEBOOK GIVES STATE-BY-STATE BREAKDOWN OF DATA SCANDAL: Facebook published a state-by-state breakdown of users whose information was likely obtained by Cambridge Analytica.

The state data, which was published in a post updated in May and first noticed by Business Insider on Wednesday, shows the number of users affected by Cambridge Analytica broken down by state.

The states affected most are generally the most populous. A higher proportion of some states were affected than others though.

Southern and states and those close by, including Kentucky, Mississippi and West Virginia, had some of the largest percentages of their population who were affected by the scandal, according to the data.

 

A LIGHTER TWITTER CLICK: If this becomes millennials' way of getting engaged... then romance is dead.

 

LONG READ OF THE DAY: The New Yorker looks back into America's history and relationship with privacy and why we appear to care so much about it.

 

ON TAP FOR TOMORROW:

The House Energy and Commerce Committee is holding a hearing on understanding the digital advertising ecosystem at 10:15 a.m.

The Brookings Institution is holding a forum on cybersecurity in Asia at 10 a.m.

The Justice Department inspector general is expected to release a report on the FBI's Clinton email probe.

 

NOTABLE LINKS FROM AROUND THE WEB:

A U.S. counterintelligence official is warning Americans about potential hacking at the World Cup. (Reuters)

Dixons Carphone breach exposes sensitive data of millions of European customers. (Gizmodo)

Google will open an AI center in Ghana (Venture Beat)

Twitter is trying to integrate its features to make it easier to find live updates about events happening in real time. (BuzzFeed)

China's surveillance will soon track cars (Wall Street Journal)

How right-wing Twitter tries to play the media. (The Outline)

 
 
 
 
 
  Facebook   Twitter   LinkedIn   Email  
 
Did a friend forward you this email?
Sign up for Technology Newsletters  
 
 
 
 
 
THE HILL
 
Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters
 
The Hill 1625 K Street, NW 9th Floor, Washington DC 20006
©2016 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.
 
 

On The Money: Fed raises rates, signals two more hikes | Senate panel to grill Ross on Trump tariffs | Bank regulator fails to find industry-wide fraud after Wells Fargo | Comcast makes big bid for 21st Century Fox | Kudlow out of the hospital

 
 
View in your browser
 
On the Money - The Hill Finance
Facebook   Twitter   LinkedIn   Email
 

Happy Wednesday and welcome back to On The Money, which is working on its cult-like following. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

Write us with tips, suggestions and news: slane@thehill.com, vneedham@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @VickofTheHill, @NJagoda and @NivElis.

 

THE BIG DEAL: The Federal Reserve on Wednesday raised interest rates 0.25 points as the bank aims to prevent a tight labor market from driving inflation to unsustainable levels.

The central bank raised the federal funds rate to a 1.75–2 percent target range, the second increase under Fed Chairman Jerome Powell.

The Fed was widely expected to raise interest rates Wednesday amid strong economic data. It's the second rate hike under Powell, a Republican appointed to lead the Fed by President Trump.

Powell faces a tricky balancing act as the Fed attempts to bring interest rates toward historical averages. The central bank is aiming to keep record-low unemployment and a glut of federal spending from pushing inflation beyond the Fed's 2 percent target.

I'll tell you more about how difficult it is right here.

 

In a nutshell:

  • The 3.8 percent jobless rate is close to the lowest level ever seen in the U.S. There are more job openings than workers seeking employment in the country for the first time in recorded history, and recent inflation data shows prices inching through the Fed's ideal threshold.
  • Growth is also expected to stay close to almost 3 percent of gross domestic product (GDP) through the year, and Fed officials are eager to prevent the economy from overheating.
  • Even so, raising rates too quickly could increase unemployment, which is well below what the Fed considers sustainable. That could prevent vulnerable Americans and pockets of the country still struggling from reaping the benefits of a strong economy.

 

What comes next: The next meeting of the Federal Open Markets Committee, which sets Fed interest rates starts July 31, but it's rare for the Fed to hike rates in two consecutive gatherings.

A majority of Fed officials are now projecting two more rate hikes this year, which would likely come in September and December.

 

What about trade woes? While the national economy appears to be on solid ground for 2018, the Fed must also consider how growing international trade disputes could slow U.S. growth.

Whiplash trade tensions have also stifled business investment and long-term planning as the U.S., Canada and Mexico struggle to renegotiate the North American Free Trade Agreement.

Powell said that the Fed's business contacts have expressed worries about the impact of trade tensions, but that it isn't moved economic data.

"Concerns about changes in trade policies are rising, I think it's fair to say." Powell said. "We really don't see it the numbers. It's just not there, so I would put it down more as a risk."

 

ON TAP FOR TOMORROW

  • Senate Banking Committee: Comptroller of the Currency Joseph Otting testifies on the agency's work, 10 a.m.
  • House Small Business Committee: Hearing on "Shrinking the Skills Gap: Solutions to the Small Business Workforce Shortage," 10 a.m.

 

LEADING THE DAY

Regulator says post-Wells Fargo review did not find industry-wide fraud: A top U.S. bank regulator on Wednesday said his agency did not find widespread openings of unauthorized accounts at major U.S. banks in a review spurred by Wells Fargo's fraudulent sales practices.

Comptroller of the Currency Joseph Otting told lawmakers Wednesday he found no "pervasive or systemic issues" at the largest U.S. banks after reviewing roughly 500 million savings, checking, credit and insurance accounts and policies.

Otting, a former bank executive, said the Office of the Comptroller of the Currency (OCC) found roughly 20,000 accounts with compliance issues out of the hundreds of millions analyzed. Of those problematic accounts, Otting said that less than half were unauthorized.

Otting said that OCC has issued about 250 orders to banks highlighting account opening compliance issues they need to address, but did not identify which banks were reprimanded.

"We're asking banks to improve their policies, procedures and control around their account openings," Otting said in testimony before the House Financial Services Committee.

I've got more on his first appearance before the House here.

 

Otting stuns Dems with racial discrimination comments: Otting also faced questions about the OCC's plans to overhaul the Community Reinvestment Act (CRA) that spurred tense exchanges over his views on racial discrimination.

The OCC is working on an overhaul of the CRA, a 1970s law meant to tackle widespread racial discrimination in lending, by adapting its standards to modern banking innovations and trends.

Otting appeared to upset several Democratic members of the committee when he said he had not personally observed racial discrimination in banking, but believes those who told him they've seen it.

Rep. Mike Capuano (D-Mass.), who asked Otting if he'd witnessed racism, pushed him to say whether he believes it exists in the financial services industry. Otting would only say that he hadn't seen evidence of it himself, but doesn't doubt those who've seen discriminatory actions.

Rep. Emanuel Cleaver (D-Mo.), a former chairman of the Congressional Black Caucus, said Otting's answer was "stupefying" and questioned his commitment to fighting racism in banking.

Otting said he had prioritized minority outreach throughout his banking career and insisted his former colleagues could attest to his constant presence in minority communities.

 

Senate panel announces hearing on Trump tariffs: Members of the Senate Finance Committee will soon get a chance to grill Commerce Secretary Wilbur Ross on the Trump administration's recent tariff decisions.

Sen. Orrin Hatch (R-Utah), the chairman of the committee, said on Wednesday that Ross will testify before the panel on June 20 to dig into the steel and aluminum tariffs, as well as floated penalties on imported autos.

Hatch added that the hearing will give Ross the chance to discuss the effects of the tariffs, which have sparked bipartisan backlash on Capitol Hill. The hearing with Ross comes even as GOP lawmakers have shown little interest in passing legislation that would rein in Trump's tariff abilities.

The Hill's Jordain Carney tells us why here.

 

MARKET CHECK--Stocks fall after Fed signals more hikes: Marketwatch: "U.S. stock benchmarks ended near session lows Wednesday as the Federal Reserve completed its second increase to benchmark interest rates in 2018, as expected, but signaled a slightly more aggressive plan to tighten monetary policy this year than had previously been projected.

"The rate increase also had the effect of narrowing a closely watched gap between rates of two-year and 10-year Treasury notes, which has recently been one of a strong predictor of recessions."

 

FINANCE IN FOCUS: Fifty-five years have passed since the Equal Pay Act became law, but the federal government may still be paying women billions less than men for the same work. The Hill's Niv Elis explains why the federal government could be underpaying women by a collective $2.5 billion.

 

GOOD TO KNOW

  • A coalition of 13 unions and the Federal Workers Alliance (FWA) filed a lawsuit Wednesday challenging three executive orders President Trump issued last month to make it easier to fire federal employees.
  • Comcast is making a $65 billion all-cash bid for much of 21st Century Fox's assets, setting up a potential bidding war with Disney over the company's entertainment offerings.
  • Former Federal Reserve Chairman Alan Greenspan said Wednesday that he rejects the Trump administration's claims that foreign countries are taking advantage of the U.S. on trade issues.
  • Larry Kudlow, President Trump's top economic adviser, was discharged on Wednesday morning from Walter Reed National Military Medical Center after receiving treatment for a heart attack, according to the White House. 
  • Todd Zywicki, a law professor at George Mason University's Antonin Scalia School of Law, has emerged as a top candidate to run the Consumer Financial Protection Bureau, according to the National Law Journal.
  • Foreign banks are pushing Federal Reserve to relax capital rules, according to the Financial Times.
  • Op-ed: Rachelle Sampson, a visiting professor at Georgetown's McDonough School of Business, writes for The Hill on what Buffett and Dimon get right and wrong on finance.

 

ODDS AND ENDS

 
 
 
 
 
  Facebook   Twitter   LinkedIn   Email  
 
Did a friend forward you this email?
Sign up for Finance Newsletters  
 
 
 
 
 
THE HILL
 
Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters
 
The Hill 1625 K Street, NW 9th Floor, Washington DC 20006
©2016 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.
 
 

SearchCap: Search Engine Land awards, Facebook gets serious about local & more

 


 
Featured story
 

The 2018 Search Engine Land Award winners: The full roster of this year's search rock stars & superheroes

 

Jun 13, 2018 by Amy Gesenhues

The SEO and SEM community recognized the industry's top performers last night during the SMX Advanced Conference in Seattle.

 
From Search Engine Land


 
The Rise of Voice — What the increase in voice assistants and AI means for business
  Jun 13, 201 8 by Digital Marketing Depot

AI-enabled voice recognition is becoming a normal part of how we interact with technology. What humans say is becoming valuable data that businesses can use to sell products and create personalized consumer experiences.


 
Reducing the time it takes to write meta descriptions for large websites
  Jun 13, 2018 by Paul Shapiro

The process of writing meta descriptions will likely be improved using machine learning techniques, but in the meantime, contributor Paul Shapiro shares ways to semi-automate writing meta descriptions.


 
Finally! The 800 million ways Facebook gets serious about local business
  Jun 13, 2018 by Adam Dorfman

Contributor Adam Dorfman explains how to capitalize on the one-two punch of Facebook advertising and organic engagement through Marketplace, your own page and Facebook's own advertising products.


 
Google adds college search knowledge panel
  Jun 13, 2018 by Barry Schwartz

Thinking of getting your college degree? Google aims to make the decision easier by tailoring the search results for college-related queries.


From Marketing Land


 
Twitter announces changes to improve users' experiences
  Jun 13, 2018 by Robin Kurzer

The company says it's responding to user feedback with changes to its Explore, Search, Notifications and Moments features.


 
Facebook updates Custom Audience list requirements to create more ad transparency
  Jun 13, 2018 by Amy Gesenhues

Starting July 2, advertisers will have to specify the origin of the audience's information when uploading a Custom Audience list.


 
7 personalization strategies to convert more callers to customers
  Jun 13, 2018 by Digital Marketing Depot

Digital advertising has gone mobile. And when consumers engage with a company's digital ads and website on their smartphones, they often convert in the most convenient and immediate way: by calling. Thanks to smartphones, the volume of call conversions from digital advertising has exploded.


 
Security breaches, no longer aberrations, need their own customer journeys
  Jun 13, 2018 by Barry Levine

Especially with the tight turnarounds mandated by GDPR and others, brands need to plan the steps for communicating with, and retaining, their customers.


 
IAB Study: Podcast ad revenues are shooting through the roof — $314M in 2017
  Jun 13, 2018 by Robin Kurzer

With self-reported ad revenues a whopping 275 percent higher than in 2015, marketers and podcasters continue to see a bright future for podcasting.


 
Report: Google and Facebook top advertisers' list of fears that could impact their businesses in 2018
  Jun 13, 2018 by Robin Kurzer

Regardless, advertisers will give a larger portion of their budgets to Google properties than to any other entity.


 
How to understand searcher intent and use it to boost SEO ranking s
  Jun 12, 2018 by Marcus Miller

Understanding the intent behind the keywords you target simplifies the entire SEO process, says contributor Marcus Miller. Here is a look at how to understand and categorize keywords based on intent.


 
Priorities for diagnosing JavaScript-powered websites
  Jun 12, 2018 by Maria Cieslak

Contributor Maria Cieslak digs into JavaScript and some of the chaos associated with it and compiles a detailed checklist you can use as a starting point for deeper analysis.


 
 

SMX East returns to NYC, better than ever: October 24-25, 2018

Search Engine Land's SMX East is coming to the Big Apple October 24-25. You'll get two laser-focused days of the SEO and SEM topics that matter most to you. Join us for actionable tactics, exceptional networking, top notch amenities, and demos from market-defining vendors. View rates and register today!

 

Connect with us on:

Get the Search Engine Land App:

Like what you see? Check out Search Engine Land's other email newsletters here.
News | SEO | SEM | Local | Retail | Social
 
This email was sent to tweatsho.email004@blogger.com. Click here to unsubscribe or manage your subscriptions.
 
This email was sent by: Search Engine Land - a Third Door Media, Inc. publication with headquarters at 279 Newtown Tpke. Redding, CT 06896 USA