As was first reported Monday night, the real estate mogul Stephen Ross donated $100,000 to a PAC which then spent $100,000 on digital ads attacking Zephyr Teachout, the progressive running for New York attorney general on an anti-corruption platform. The PAC Ross donated to, Committee for Justice and Fairness PAC, is a federal PAC that was registered in New York state on August 13, according to the New York Board of Elections. According to the PAC’s registration information available through the state Board of Elections’ site, it is controlled by Sean Downey, who’s listed on Hilltop Public Solutions’ site as a partner in the firm’s New England office. Hilltop is a political consulting firm with offices in many U.S. cities, but it’s notable in this case because Hilltop is the “prime campaign consulting firm” working on Cynthia Nixon’s campaign for governor, according to the New York Daily News. One of the firm’s partners, … [Read more...] about Why Is the Consulting Firm Working for Cynthia Nixon’s Campaign Attacking Zephyr Teachout?
Renesas has announced the acquisition of Integrated Device Technology (IDT) in a deal worth $6.7 billion. Featured stories iPhones, iPads, MacBooks: What new hardware will Apple unveil next week? Do you have to wear those AirPods all the time? To be a microservice: How smaller parts of bigger applications could remake IT New 2018 iPhone, iPhone XS, iPhone X Plus, iPhone 9: Rumors, leaks, launch date, and everything we know so far On Tuesday, the Tokyo, Japan-based semiconductor manufacturer said the deal will add a number of "complementary product lines" to the Renesas lineup, which will support the firm's growth strategy.The acquisition has been agreed for $49 per IDT share, representing a premium of roughly 29.5 percent over IDT common stock price as of August 30. The all-cash transaction is worth approximately $6.7 billion (733 billion yen).Equity finance will not be raised for the transaction' instead, cash reserves and bank loans will provide the funding required.Founded … [Read more...] about Renesas acquires IDT in $6.7bn deal to boost self-driving car chip business
Singapore has proposed a set of cybersecurity rules that financial institutions, including banks, in Singapore must adopt to ensure their IT systems are adequately protected and to beef up their cyber resilience. The Monetary Authority of Singapore (MAS) on Thursday revealed six "essential cybersecurity measures" that that these local businesses would need to implement. These included attending to security flaws "in a timely manner", deploying security devices to secure system connection, installing antivirus software to mitigate risks of malware infection, and restricting the use of systems administrator accounts that could modify system configuration. Key takeaways from Singapore healthcare data breach No system is infallible and cybersecurity breaches are inevitable, but Singapore needs to do better in mitigating the risks and following through on its pledge to safeguard citizen data. Read More These currently were part of the regulator's Technology Risk Management … [Read more...] about Singapore moots ‘essential’ cybersecurity rules for financial firms
Cloud accounting firm cum small business platform Xero has made a handful of announcements on Wednesday, including new machine learning features, an education platform, and simple compliance capabilities for small businesses. Announced at Xerocon Brisbane 2018 was a "files required" feature, which allows advisors to identify and collect client documents in one place; a "more intuitive invoicing experience" that uses machine learning insights for each business, touted as making it easier to invoice customers and speed up time to pay; Xero email-to-bills, which expands on an existing machine learning feature for Xero bills, to extract and automatically populate details from any email PDF bill into Xero; advancements to the Xero app marketplace; and Xero Projects integration to share timesheet information. special feature Small Business TV - Video Series Learn how the leaders of small businesses and startups can use technology to overcome obstacles, drive innovation and … [Read more...] about Xero expands machine learning features for small businesses
Western Australian Auditor General Caroline Spencer has taken the state's GovNext-ICT program to task, finding flaws in its business case and execution in a report [PDF] released on Thursday. GovNext was previously touted as a way to digitally transform the government of Western Australia, and remove any ownership of IT infrastructure. The program was originally slated to save between AU$29 million and AU$82 million annually, but the report found that only AU$3.9 million had been spent in total by April 2018, with almost half of that spent on plain old telephony, and almost nil on cloud services. The Auditor General found the Office of the Government Chief Information Officer (OGCIO) -- which has subsequently become part of the Department of Premier and Cabinet as the Office of Digital Government -- had originally used the least expensive quote it received and extrapolated to come up with its AU$7 million in savings for cloud, and AU$27 million for network services. "This created … [Read more...] about Western Australian Auditor General exposes holes in GovNext business case