Rovi today announced that it will be acquiring TiVo in a deal valued at approximately $1.1 billion, with $277 million being paid in cash and the remaining balance to be paid in stock. The new company will take on the TiVo name and brand, and Rovi CEO Tom Carson will take over. The deal is expected to be completed in the third quarter.
Sens. Dianne Feinstein, D-Calif., and Richard Burr, R-N.C., write in an op-ed in The Wall Street Journal that their proposed encryption bill protects privacy while also giving law enforcement agencies access to what they need to do their jobs. "We want to provide businesses with full discretion to decide how best to design and build systems that maintain data security while at the same time complying with court orders," they write.
Amazon posted its most profitable quarter yet, posting a 29% year-over-year increase to deliver a profit of $1.07 per share on $29.1 billion in revenue, which surpassed analysts' expectations. Amazon attributes much of its success to the growing popularity and profit margins on its Amazon Web Services cloud unit, which CEO Jeff Bezos estimates will soon be bringing in $10 billion in revenue annually.
A key objective of the House Smart Transportation Caucus is making sure cybercriminals can't take control of autonomous and connected vehicles. Some experts say carmakers are putting digital features in cars without making them secure from hackers.
Wipro Ventures, Wipro's investment arm, has invested venture capital in cybersecurity startup Vectra and is receiving a minority stake in the firm. "Wipro completed this investment in March 2016 and plans to go to market with Vectra jointly with its cyber security and risk services practice offerings," Wipro said.
Cybercrime continues to increase as hackers develop tools and techniques and people use more and more connected devices, writes Tony Boobier of IBM. Cyberinsurance therefore must mature to provide adequate coverage against the growing threats, he writes.
Legislators are reviewing funding available to train and certify US cybersecurity troops. The program could be active by the end of March 2017, with 6,200 soldiers training to be part of the new CYBERCOM force.
The open nature of college and university IT systems leaves them vulnerable to cyberattacks, but there are ways to strike a balance between privacy and security, asserts Aletha Noonan, vice president of higher education for CDW•G. Cybersecurity policies should be discussed with all stakeholders and a campuswide awareness campaign is needed, she advises.
Thirty-four percent of drivers support fully self-driving vehicles, and more than half of Gen Y and Gen Z respondents said they have confidence in autonomous technology, a J.D. Power study has found. Gen Y and Gen Z respondents are also significantly more likely to use alternative mobility solutions such as ride- or car-sharing, the survey said.
Home electronics, appliances and tools are increasingly coming with "smarts" built into the devices. "The first stages of the revolution of the Internet of Things may actually start with the things themselves rather than the consumer demand for smart things," Chuck Martin writes.
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