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[Two]Face[D]Book? Facebook May Be Pushing for Controversial CISA Bill

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The Cybersecurity Information Sharing Act (CISA) has found vocal opponents in several prominent U.S. senators and some of the world’s most widely-used tech companies including Apple, Google and Twitter. However, sources close to privacy-rights group Fight for the Future have the group alleging that Facebook is actually supporting the CISA bill while publicly being opposed to it.

Non-profit group Fight for the Future is alleging that Facebook lobbyists are for the CISA behind closed doors, despite Facebook being openly lauded among companies such as Apple and Google mark zuckerbergfor their stand against government backdoors and their commitment to user privacy.

A petition was quickly raised on YouBetrayedUs.org by the pro-privacy rights group and has not pulled any punches in demanding Facebook to make a clear and public stance on CISA.

Citing sources who gave the group information about Facebook secretively lobbying for the “dirty bill called CISA,” the bill would actually give Facebook free reign and impunity to violate Facebook users’ privacy – as long as the information taken from users is also shared or handed over to the government.

Noting that companies such as Apple are against the bill for privacy reasons, Facebook is apparently working behind the scenes to ensure that the bill goes through. The petition added:

Mark Zuckerberg once called Facebook users “dumb f*cks” for trusting him with their data. Now he’s trying to take advantage of us. If CISA passes, all your photos, posts, relationships, and likes will have a path to government databases.”

The press release notes that Facebook has taken criticism in the past for their “Pioneering privacy-invasive experiments” and its “permissive use of user data.”

The CISA

The summary of CISA on the Congress website explicitly notes:

(Sec. 4) Permits private entities to monitor, and operate defensive measures to detect, prevent, or mitigate cybersecurity threats or security vulnerabilities on: (1) their own information systems; and (2) with authorization and written consent, the information systems of other private or government entities.

Requires the federal government and entities monitoring, operating, or sharing indicators or defensive measures.

Quite simply, the petition bullets the summary by noting that:

  • All existing privacy policies between the user and a service like Facebook or Twitter, etc., will be rendered void. Companies can share any private data with the government without the need for a warrant when it comes to the government claiming the information for ‘cybersecurity’ reasons.
  • For facilitating this delivery of private user information, companies are given carte blanche-type total immunity from civil and criminal prosecution if, for instance, an illegal wiretap was used during the sharing of data.
  • Data can be shared among plenty of law enforcement agencies such as the NSA, the IRS, and the FBI among others. Ironically, they are likely to be ripe targets for hackers.
  • Participating companies will have the means to gather classified data such as private information about their own competitors.

The Backlash Against CISA

The Business Software Alliance, a collective representing the likes of Apple, Microsoft, Twitter and other major tech companies was unequivocal in its standing of opposing the information sharing bill. A previous campaign by YouBetrayedUs among other social campaigns garnered the support of the tech industry.

Several companies took a public stand against the CISA.

Furthermore, the Computer and Communications Industry Association (CCIA), a trade group representing tech companies on a global scale including the likes of Amazon, British Telecom, Yahoo, T-Mobile, Samsung, Pandora, PayPal, Netflix and even Facebook, was clear opposing the bill.

Facebook is alleged to be pushing for the bill, with Facebook’s current chief Senate lobbyist, Myriah Jordan supposedly leading the company’s cause. Previously, Jordan was the General Counsel for CISA’s sponsor, Senator Richard Burr before landing a job at Facebook.

The CISA is due a final vote tomorrow on Tuesday and Fight for the Future Co-director Tiffiniy Cheng was scathing in her disdain for Facebook’s alleged pro-CISA stance behind the scenes.

Screenshot_27

She concluded by saying:

If Facebook wants to reclaim their credibility on user privacy, they need to take a stand against CISA.

Images from Shutterstock and Flickr.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4 stars on average, based on 1 rated postsSamburaj is the contributing editor at Hacked and keeps tabs on science, technology and cyber security.




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Stock Pick: Philip Morris

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Philip Morris International Incorporated is an American multinational firm that manufactures cigarettes and tobacco. Its products including its best-seller Marlboro cigarettes that are sold in over 180 countries around the world. The company has a diverse workforce of over 81,000 employees and touts an estimated 150 million consumers worldwide. In 2017, Philip Morris generated 7.8 billion dollars in revenues.

Technical Analysis of Philip Morris (PM)

PM looked toppish in June 2017 when it failed to take out resistance of $120 after two attempts. On top of that, the stock was trading in extreme overbought territory on the weekly chart. These were indications that bulls were exhausted.

Things went from bad to worse when the stock breached support of $110. This activated the head and shoulders reversal pattern on the daily chart and effectively reversed the trend. The downtrend saw PM drop to as low as $76.21 in June 2018. However, it appears that the worst may be over for the stock.

Technical analysis show that PM is respecting key support of $78. Bulls have defended this level since February 2012. It looks like they will continue to take control of this price level, especially after PM successfully backtested the support in August 2018.

In addition, we can see the weekly RSI breakout from its own falling wedge pattern. This is an indication that bulls are significantly gaining momentum.

Fundamental Analysis of Philip Morris (PM)

In addition, we have fundamental analysis to back up our bullish view. PM’s trailing twelve month price to earnings ratio stands at 19.78. The stock is still relatively undervalued considering that it has a five-year maximum of 28.51. This suggests that investors are generally willing to pay more for PM stocks.

On top of that, Zacks reports that Philip Morris beat expert projections for the second quarter of 2018. Analysts estimated that PM would generate revenues of $7.528 million and an earnings per share (EPS) of $1.23. However, PM brought in revenues of $7.726 million and an EPS of $1.41. With these developments, even the Wall Street Journal is overweight on the stock as they published a target price of $93.27.

The strategy is to buy as close to $78 support as possible. If bulls can successfully defend the support, then PM might be able to rally to our target of $95.

The timeline for the target is less than six months.

Weekly PM Chart

Monthly PM Chart

As of this writing, the Philip Morris International Incorporated stock (PM) is trading at 81.93.

Summary of Strategy

Buy: As close to 78 support as possible.

Target: 95

Stop: Close below 76.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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3.6 stars on average, based on 249 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




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Alleged FBI Hacker Lauri Love Ordered to US Extradition by UK Home Secretary

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The long-running court saga of Lauri Love, a British hacker and activist accused of compromising and stealing data from the likes of the FBI, NASA and the US Federal Reserve has been ordered by the UK’s home secretary for his extradition to the United States.

31-year-old Love who has Asperger’s syndrome launched a legal challenge to avoid his extradition to the U.S., following a court ruling by a UK judge in September 2016. Love, who suffers from depression and eczema argued against the extradition ruling, claiming it could lead him to a mental breakdown or suicide. Despite his plea, the ruling district judge, Nina Tempia, determined that Love would be cared for by medical facilities in the United States, while accepting that Love suffered “both physical and mental issues.”

On the other side of the pond, Love potentially faces legal proceedings in three different US jurisdictions, reports the Guardian. Meanwhile, the UK home secretary had been given a deadline of November 16, in order to decide if Love was to be extradited or not. A day before the deadline, Rudd signed the order for Love’s extradition to the US. His lawyers believe he faces up to 99 years in prison if convicted of charges related to hacking.

The UK Home Office stated that Rudd had “carefully considered all relevant matters” before ruling:

[Love] has been charged with various computer hacking offences which included targeting US military and federal government agencies.

The case drew parallels to that of Gary McKinnon, a British hacker whose extradition to the US was blocked by Theresa May in 2012, as the home secretary at the time.

Love’s legal battle with the ruling garnered support from The Courage Foundation, whose acting director Sarah Harrison stated:

The US has ruthlessly persecuted hackers and digital activists for years, and nobody expects that to improve under President Trump. Theresa May set a good example by protecting Gary McKinnon back in 2012. For a home secretary in her government now to willingly send a brilliant and vulnerable UK citizen to Donald Trump’s America beggars belief.

Love was bailed earlier this year in June when US prosecutors were already doing plenty to extradite him stateside.

Lori’s alleged hacking endeavors were a part of #Oplastresort, an operation by Anonymous, the global hacktivist collective. This particular operation was in response to the treatment endured by Aaron Swartz a prominent programmer and hacktivist. Swartz faced 35 years In prison, asset forfeiture and a million dollars in fines with two counts of wire fraud. Swartz committed suicide for his alleged computer crimes.

Love’s legal defense is certain to bring up the unfortunate series of events that led to Swartz committing suicide under the threat of persecution. Love has 14 days to appeal against Rudd’s order and will almost certainly do so.

Images from YouTube/AP.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4 stars on average, based on 1 rated postsSamburaj is the contributing editor at Hacked and keeps tabs on science, technology and cyber security.




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WikiLeaks: Podesta Received E-mails On Extraterrestrial Disclosure

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While most fallout from the Podesta emails has been political, there are extraterrestrial implications for some of the e-mails released by whistleblower source WikiLeaks. 

An email on behalf of Apollo astronaut Dr. Edgar Mitchell to Clinton campaign chairman John Podesta turned up in the recent data dumps. The email was sent by Rebecca Wright of the Institute of Exoconsciousness. 

Mitchell requested in an email dated July 29, 2014 to meet with President Barack Obama to discuss extraterrestrial disclosure, but was partially rebuffed.

“Fifty years ago Battelle, Brookings and RAND studies on UFOs convinced the government to remove knowledge of the extraterrestrial presence from the citizens of our country. These organizations advised with their best information. However, today much, if not most, of the extraterrestrial reality they examined is known by our citizens,” the e-mail states. “These organizations’ resultant strategies and policies of 50 years ago no longer hold credibility or benefit.” Mitchell says a well-informed public is important to further disclosure. 

Podesta’s secretary wrote Mitchell saying Mr. Podesta would rather meet alone before arranging a meeting with Obama. A Skype meeting was scheduled for Aug 11, but whether or not the meeting happened is unclear. Mitchell died in February 2016.

According to the leaks, former Blink 182 frontman Tom Delonge emailed John Podesta twice about extraterrestrial beings.

“Things are moving with the project. The novels, films and nonfiction works are blooming and finishing,” DeLonge said in an October 2015 email to Podesta. “I would like to bring two very ‘important’ people out to meet you in DC. I think you will find them very interesting, as they were principal leadership relating to our sensitive topic.” DeLonge emailed again later.

“When Roswell crashed, they shipped it to the laboratory at Wright Patterson Air Force Base. General McFasland was in charge of that exact laboratory up to a couple years ago,” DeLonge wrote. “He not only knows what I’m trying to achieve, he helped assemble my advisory team. He’s a very important man.”

Hacked reported in 2015 that DeLonge was working on various ET-related projects, and the former pop-punk superstar, whose 1999 album Enema of the State sold 15 million copies worldwide, has since released books and plans to release a documentary on extra terrestrials.

Featured image from Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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5 stars on average, based on 1 rated postsJustin O'Connell is the founder of financial technology focused CryptographicAsset.com. Justin organized the launch of the largest Bitcoin ATM hardware and software provider in the world at the historical Hotel del Coronado in southern California. His works appear in the U.S.'s third largest weekly, the San Diego Reader, VICE and elsewhere.




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