DIGIT Tech News Roundup: 1st of November 2019

Tech

In this week’s edition of the DIGIT Tech News Roundup column, we highlight the top-trending tech and business news stories in the week beginning 28th October. 

DIGIT’s Top-trending

Modulr to create more than 50 new jobs in Edinburgh

Digital payment company Modulr plans to create 53 highly skilled jobs in Edinburgh as part of a £20 million investment package.

The tech firm, which has a base in Edinburgh, said that it will also use the funding to develop innovative financial products and solutions.

Modulr, the technology of which is used by Revolut and Sage, is committed to hiring graduates from Scottish universities every year over the next five years. The company has matched its recent £10m funding award from the BCR Capability and Innovation Fund, which was established to stimulate competition in the banking sector and part-funded by state-owned RBS.

The firm hopes to encourage talent by hosting events in Glasgow and Edinburgh to help SMEs understand how they can obtain the maximum benefits from using Modulr’s software.

Want to find out more? Check out the original article here.


Facebook agrees to pay £500k Cambridge Analytica fine

Social media giant Facebook has agreed to pay a penalty imposed by the Information Commissioner’s Office (ICO), but has made no admission of guilt.

Facebook was handed the £500,000 fine (the maximum amount that could be given under the Data Protection Act 1998) over data breaches including the Cambridge Analytica scandal in which millions of users’ data was harvested, including at least one million UK users.

When the penalty was initially issued in October 2018, Facebook appealed the fine, which caused the ICO to launch its own counter-appeal. As a result, the a court ordered the ICO to disclose files about its decision-making process in order to explore possible bias against the company.

Want to find out more? Check out the original article here.


Netflix becomes first streaming service to use BBFC classifications

Netflix users will begin to see new age rating symbols on the video streaming service from the 31st of October onwards.  

The move by the US streaming firm will make it the first to use newly-launched symbols created by the British Board of Film Classification (BBFC). 

The BBFC said the new symbols will provide a consistent scheme similar to what cinema-goers will see before a film. Additionally, the scheme will help young people across the UK to make “conscious decisions when it comes to film and content” hosted on video-on-demand streaming platforms, the organisation said. 

Netflix has traditionally used its own age-rating system for films and television programmes featured on the platform. Moving forward, though, BBFC ratings including U, PG, 12/12A, 15 or 18 will feature.

Want to find out more? Check out the original article here.


‘Unacceptable’ bank IT failures leave consumers ‘cashless and cut off’

Stricter regulation and fines may be required to protect consumers from devastating bank IT failures, according to MPs.

A report from the Treasury Committee said that high-profile bank IT failures were “unacceptable” and have impacted customers across the country.  

Many consumers are left “cashless and cut off” due to bank IT failures, the report highlighted – an issue which organisations must address to prevent future disruption. The report said that banks are obligated to do more to improve IT resilience, as well as improving their reaction time in regards to compensation for customers. 

Last year, TSB suffered a significant IT failure which saw customers across the country locked out of their accounts. The meltdown was caused by the bank’s migration to a new IT system.

Want to find out more? Check out the original article here.


Happy 50th birthday to ARPANET, progenitor of the internet

On 29th October 1969, the first message was sent via the Advanced Research Projects Agency Network (ARPANET) by a UCLA student programmer, Charlie Kline.

Supervised by UCLA computer science Professor Leonard Kleinrock, Kline used the University’s SDS Sigma 7 computer to login to an SDS 940 computer at Stanford Research Institute. The historic message was composed of one word, “login”; however, the first message dropped after Kline had typed “lo”.

This marked the first connection on a wide area network using a new technology called packet switching.

After establishing the connection, Kline was able to sign in to an account on the SRI computer and start running programs, using the system resources of a computer 350 miles away. Another month would pass before the first permanent ARPANET link was established.

The success of this transmission was proof of the feasibility of the concepts that eventually enabled the distribution of virtually all the world’s information to anybody with a computer. This lay the foundations for the world wide web as we know it today.

Want to find out more? Check out the original article here.



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