Brexit ad blitz data firm paid by Vote Leave broke privacy laws, watchdogs find

A joint investigation by watchdogs in Canada and British Columbia has found that Cambridge Analytica-linked data firm, Aggregate IQ, broke privacy laws in Facebook ad-targeting work it undertook for the official Vote Leave Brexit campaign in the UK’s 2016 EU referendum. A quick reminder: Vote Leave was the official leave campaign in the referendum on the UK’s membership of the European Union. While Cambridge Analytica is the (now defunct) firm at the center of a massive Facebook data misuse scandal which has dented the company’s fortunes and continues to tarnish its reputation. Vote Leave’s campaign director, Dominic Cummings — now a special advisor to the UK prime minister — wrote in 2017 that the winning recipe for the leave campaign was …

Arceo.ai raises $37 million to expand cyber insurance coverage and access

Critical cyber attacks on both businesses and individuals have been grabbing headlines at an alarming rate. Cybersecurity has moved from a background risk for enterprises to a critical day-to-day threat to business operations, forcing executive teams to pour time and hundreds of billions in capital into monitoring and prevention efforts. Yet even as investment in security ticks up, the frequency and cost of cybercrime to businesses continues to rapidly accelerate, with the World Economic Forum estimating the economic loss due to cybercrime could reach $3 trillion by 2020. More companies are now turning to cyber insurance as a means of mitigating financial exposure. However, for traditional insurers, cybersecurity remains a relatively nascent and unfamiliar issue, requiring risk-assessment data points and …

Google completes controversial takeover of DeepMind Health

Google has completed a controversial take-over of the health division of its UK AI acquisition, DeepMind. The personnel move had been delayed as National Health Service (NHS) trusts considered whether to shift their existing DeepMind contracts — some for a clinical task management app, others involving predictive health AI research — to Google. In a blog post yesterday Dr Dominic King, formerly of DeepMind (and the NHS), now UK site lead at Google Health, confirmed the transfer, writing: “It’s clear that a When we started DeepMind Health 3 years ago it was because we believed good research and smart software could make a difference to patients & nurses & doctors. Proud to be part of this journey. Huge progress delivered already, …

JAXA launch for HTV-8 cargo mission to International Space Station officially scrubbed

During a press conference held just after 6 AM JST, Mitsubishi Heavy Industries Launch Director Atsutoshi Tamura and the Director of JAXA’s Tanegashima Space Center Takeshi Fujita detailed what the two partners knew so far about the cause of their aborted HTV-8 mission on Tuesday. The launch, scheduled to take place at 6:33 AM JST, instead was officially scrubbed at around 4:34 AM JST due to a fire on the mobile launcher upon which the Mitsubishi Heavy Industries H-IIB rocket was sitting ready for launch. The fire began at 3:05 AM JST according to Tamura, and efforts began immediately to extinguish it immediately, with the fire finally being completely put out (as far as JAXA and MHI can tell) by …

UK to toughen telecoms security controls to shrink 5G risks

Amid ongoing concerns about security risks posed by the involvement of Chinese tech giant Huawei in 5G supply, the U.K. government has published a review of the telecoms supply chain, which concludes that policy and regulation in enforcing network security needs to be significantly strengthened to address concerns. However, it continues to hold off on setting an official position on whether to allow or ban Huawei from supplying the country’s next-gen networks — as the U.S. has been pressurizing its allies to do. Giving a statement in parliament this afternoon, the U.K.’s digital minister, Jeremy Wright, said the government is releasing the conclusions of the report ahead of a decision on Huawei so that domestic carriers can prepare for the …

Chinas largest chipmaker is delisting from the Nasdaq

The U.S-China trade war is increasingly influencing tech. Huawei has suffered a turbulent past week with key suppliers pausing work with the company, and now China’s largest chipmaker is planning to delist from the New York Stock Exchange. Semiconductor Manufacturing International Corp (SMIC) announced in a filing published Friday that it plans to delist next month ending a 15-year spell as a public company in the U.S. The firm will file a Form 25 to delist on June 3, which is likely to see it leave the NYSE around ten days later. SMIC, which is backed by the Chinese government and state-owned shareholders, will focus on its existing Hong Kong listing going forward but there will be trading options for …