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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

Read our future of data security report for more on this topic. ). It comes as no surprise, then, that big tech players like Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are investing heavily in data security — especially as several have fallen victim to data breaches themselves. Collectively, FAMGA has poured nearly $2.5B

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. via Business Insider.

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Lawmakers Eye Increased Libra Oversight

PYMNTS

Sylvia Garcia, Democrat of Texas, and Lance Gooden, Republican of Texas, introduced a bill that would put the would-be crypto under the oversight of the Securities and Exchange Commission (SEC). The move, according to the publication, would subject the digital coin to “a set of extensive and well established regulations.”.

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Libra’s Long Week In Washington 

PYMNTS

Representatives on the House Financial Services Committee had a few encouraging words for Marcus in terms of the wonder of innovation — and a lot of questions as to whether Facebook should really be going into the currency innovation business. But his follow-up indicated that he was more pro-innovation than specifically pro-Facebook.