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Tightening regulations make fintechs easy takeover targets for banks stepping up digitalisation drive

Embattled financial technology businesses in China, which have come under tightened regulatory scrutiny, are becoming acquisition targets by mainland banks accelerating their digitalisation drive, according to global management consultancy McKinsey.

China’s fintech businesses has grown by leaps and bounds since 2011 buoyed by the leadership’s efforts to expand financing services to small companies and individuals. — SCMP

FBI warns of potential attacks on ATMs around the world: security blog

Krebs on Security blog claims that the FBI has received an “unspecified report” that cybercriminals are preparing to carry out a large-scale global attack on ATMs in the coming days.

The FBI is urging banks to review how they handle security to stop the attack. — Reuters

Podcasts take growing role in shifting media landscape

As radio fades in the new world of digital media, podcasting has become hot.

Popular podcasts have been able to create a successful revenue model as well, say analysts. — dpa

Los Angeles is first in US to install subway body scanners

Los Angeles’ subway will become the first mass transit system in the U.S. to install body scanners that screen passengers for weapons and explosives, officials said.

Passengers who choose not to be screened won’t be able to ride on the subway. — AP

Using common social media tactics to subvert US elections

The latest efforts to disrupt the US midterm elections through Facebook manipulation seem to be following a persuasion playbook refined by legitimate companies and organisations – but with a twist.

Groups tied to the Russian government have been trying to meddle in US politics since at least the 2016 elections. — AP

Trade a phone to get up to RM3,200 off the Samsung Galaxy Note 9

Want the new Samsung Galaxy Note 9 but already have a rather new smartphone? Samsung Malaysia Electronics has a trade-in offer, with rebates up to RM3,200.

Models showing the latest Samsugn Note 9 model phones. - Norafifi Ehsan/The Star

Tech giants face hefty fines under Australia's cyber laws

Tech companies could face fines of up to AUD$10mil (RM29.6mil) if they fail to hand over customer information or data to Australian police under tough cyber laws unveiled yesterday.

The laws have been developed in consultation with the tech and communications industries and Taylor stressed that the government did not want to “break the encryption systems” of companies. — AP

HK leader joins Beijing group, making ‘final decisions’ for China's Silicon Valley

Lam joins high-level body mapping out strategies for greater economic integration to drive national development.

The Greater Bay Area is expected to rival US' Silicon Valley. — SCMP

Sprint partners with LG to launch 5G smartphone in 2019

Sprint Corp said it has partnered with phone manufacturer LG Electronics Inc to launch a 5G smartphone in the first half of next year, marking the first 5G device deal for the US wireless carrier.

Last month, Sprint introduced new unlimited wireless plans bundled with video streaming platform Hulu and music streaming service Tidal. — Reuters

Tinder founders sue parent IAC, saying it owes them billions

A group of founders, executives and early employees of Tinder sued IAC/InterActiveCorp, claiming the parent company deliberately undervalued the dating app to avoid paying them billions of dollars and deprived some employees of stock options.

Job seekers and recruiters at the Tinder table at TechFair in Los Angeles, California. — Reuters

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