Marriott’s breach response is so bad, security experts are filling in the gaps — at their own expense – TechCrunch

Last Friday, Marriott sent out millions of emails warning of a massive data breach — some 500 million guest reservations had been stolen from its Starwood database. One problem: the email sender’s domain didn’t look like it came from Marriott at all. Marriott sent its notification email from “email-marriott.com,” which is registered to a third…

Welcome to the stochastic age – TechCrunch

In 1990, Kleiner Perkins rejected 99.4% of the proposals it received, while investing in 12 new companies a year. Those investees made Kleiner Perkins “the most successful financial institution in the history of the world,” boasting “returns of about 40 percent per year, compounded, for coming up on thirty years.” Nowadays, the Valley’s VC poster…

Lawmakers say Amazon’s facial recognition software may be racially biased and harm free expression – TechCrunch

Amazon has “failed to provide sufficient answers” about its controversial facial recognition software, Rekognition — and lawmakers won’t take the company’s usual silent treatment for an answer. The letter, signed by eight lawmakers — including Sen. Edward Markey and Reps. John Lewis and Judy Chu — called on Amazon chief executive Jeff Bezos to explain…

Sheryl Sandberg knew more of Facebook’s work with Definers than she let on – TechCrunch

Two weeks after the New York Times revealed Facebook’s controversial work with Republican opposition research firm Definers Public Affairs, Facebook COO Sheryl Sandberg has changed her story in significant ways. The latest revelation: Sandberg herself directed Facebook’s communications team to probe the financial ties of George Soros, left-leaning billionaire and frequent political target of the…

South Korea indicts group for allegedly leaking Samsung flexible display tech to Chinese company – TechCrunch

Prosecutors in South Korea have indicted the chief executive and eight other employees of Toptec Co for allegedly selling information about Samsung’s flexible OLED displays to a Chinese company. The charges detail that the company received more than $13.8 million for the information, Bloomberg reports. Toptec, a Samsung supplier that manufactures display-related equipment, has denied…