#Tesla Model 3 Progress

In what was likely the most anticipated earnings call ever for Tesla, the auto manufacturer / stationary storage manufacturer / full service solar provider / soon-to-be taxi service / autonomous vehicle technology company (and maybe insurance company in the near future) shared financial results for Q4 2016 and for the full year. Perhaps more importantly, it also unpacked tons of detail for what’s to come in the balance of 2017 and beyond.

Deliveries had already been announced, so no additional news was shared in the financial results call. Tesla did want to highlight that even though deliveries were slightly lower than guidance, record-high deliveries were achieved in Q4 2016.

Model 3 Production Ramp

The most anticipated news from the call revolves around Model 3, which continues to be the central focus for the Tesla team. The Gigafactory and Fremont factory continue to ramp up in parallel in preparation for the first production run in July, Tesla reiterated.

Tesla is on track for that first production run in July, and expecting to ramp up to 5,000 cars per week sometime in the fourth quarter of 2017. This rate will increase further to 10,000 cars per week sometime in 2018. This is critical, as it will be when Tesla starts working through its huge backlog of Model 3 orders (which “is still in great shape” — though, Tesla declined to comment on details since it felt stating a number was counterproductive).

This makes sense, as many folks I’ve talked to … and interacted with online … are leery about locking in a reservation for Model 3 with the timing so uncertain. That message has a tag-along effect since many people also think there’s a long wait time for Model S and X, which is interesting. I love clearing up those messages, but it sheds some light on how the masses interpret Tesla news.

In a unique insight into Tesla communications with partners, Elon shared the volume guidance it is providing to parts suppliers in terms of vehicle production per week at: 1,000/week in July, 2,000/week in August, and 4,000 per week in September. As with production estimates coming off the Tesla Factory lines, these numbers are subject to change as the real capabilities of the equipment are determined in the physical world.

Model 3 Margins

Model 3 will not be profitable on day 1. No, this is not terrible news — it is just a function of cost. Machines cost money to run, and they take people, time, and money to build and test. When Tesla starts making Model 3, few vehicles will be produced per day, per hour, etc. … but as volume ramps up, Model 3 will clearly be profitable.

As someone who spent many years as an “industrial engineer” for a large manufacturing company, it is exciting to me that Tesla is looking at the cost of production on a daily basis … even during ramp up. The “recipe” for Model 3 will continue to improve as the production lines hit the nearly vertical sections of the S-curve, eventually stabilizing sometime in 2018.

Drilling into the costs of Model 3, Tesla has taken a granular bottom-up approach — breaking each part down to commodity pricing, then building in time and cost for manufacturing, estimating reasonable margins, then pushing suppliers to deliver at or around the resulting figure for each.

This shows just how intensely Tesla is pursuing an affordable, profitable vehicle with Model 3, which speaks well to the success and viability of the car, and presumably the future of the company, which is so intimately linked with its success.

All the Gigafactories

Many people, countries, cities and virtual cities have been attempting to lure Tesla into their area for the installation of the next Gigafactory, and Tesla shared that we won’t have to wait much longer to find out where the next Gigafactories will be. Specifically, Tesla shared that “we expect to finalize locations for Gigafactories 3, 4 and possibly 5 THIS YEAR.” (emphasis mine)

3, 4 and 5 … but what about Gigafactory 2!?! The newsletter casually noted that Gigafactory 2 is, in fact, the Tesla solar plant in New York … formerly known as the SolarCity solar plant. We had been calling it the “Gigafactory” of solar all along, and it seems that Tesla took that to heart and decided to grant it full Gigafactory status as part of the SolarCity acquisition.

Considering that the original cost estimate for Gigafactory 1 was $5 billion, these pending announcements show that Tesla has no plans to slow down just because Model 3 is nearly out. In fact, it is ramping up production quite significantly over the coming years.

Service Center Improvements

In the newsletter, Tesla admitted previous issues with service center response time and noted that it has been working on it aggressively: “we are on track to reduce the global average wait time for vehicle service to less than one day by the end of the first quarter of 2017. “

Beyond just fixing the current state, Tesla is ramping up its team of remote mechanics (aka Rangers) who can perform the ~80% of service center tasks that are so minor that they can be done at the home or business of customers, cutting costs and improving response time at the same time. (I’ve had such a visit.)

Supercharger Expansion

The Supercharger network will be growing further in 2017, with the number of locations in North America doubling in 2017. The Supercharger network has proven to be a strategic advantage and Tesla continues to keep it in focus moving forward. (Also see our exclusive: “Importance of Tesla Superchargers, Battery Upgrades, Electric Car Benefits…“)

This is made clear with the addition of idle fees at Superchargers to improve availability, the addition of real-time visibility of utilization, and the cap on free Supercharger usage per year to ensure stations are available for those who actually need to charge as opposed to those who are just topping off while buying groceries.

In parallel, Tesla continues to support the rollout of destination chargers, which Tesla provides for free to site hosts … who can then lure in customers while providing free charging.

Capital & Cash

Tesla increased cash by over $300 million from Q3 to Q4 2016, to a total of $3.4 billion. Capital is trending in the right direction, but Tesla commented that it was considering a capital raise to increase the pad to reduce investor risk.

Elon noted that it would be easy for the company to be cashflow positive and generate good returns by slowing growth but that the internal team saw no reason to slow down. Following the unconventional nature of the company, Elon asked the attendees on the call for feedback if they thought Tesla should do something different.

This open mindedness to alternative solutions (no, not “alternative facts”) is so critical since it allows many, many more people to contribute to the development of a constructive solution when faced with a problem instead of sticking to “the way we’ve always done it” as a hard and fast rule as so many legacy companies tend to do.

Tesla Insurance?

Elon talked about how, with Autopilot-enabled Teslas being so much safer and a public target of 90% safer than non-Autopilot-enabled vehicles, insurance companies would be likely to offer insurance at significantly reduced rates. If this didn’t transpire, Tesla would consider selling insurance at reasonable rates — and is already doing so in some markets in Asia.

The investor letter accompanying the webcast also highlighted that the safety of Autopilot was confirmed by the National Highway Traffic Safety Administration (NHTSA) report which found that, “data show that the Tesla vehicle crash rates dropped by almost 40% after Autosteer installation.”

ZEV Credits

Elon stated that if ZEV credits were to go away, the outlook for Tesla would improve. Other auto manufacturers get more value from the credits — he noted that GM received almost $10,000 more value per ZEV credit than Tesla does. While Tesla does generate income from ZEV credits, the revenue generated in Q4 2016 was significantly lower (at $19,840,000) than Q3 2016 (at $138,541,000).

Cleantechnica.com

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#Mercedes: Electric Smart cars will replace gas-powered cars in US

Buyers in Europe – where the tiny Smart car is more popular – will still be able to buy the gas-powered model.






That year’s model of the two-seat microcar will be available only in an electric version, the automaker said on Monday. It will discontinue the gas-powered version in the United States after the 2017 model, although a gas-guzzling model will still be available in Europe, according to Digital Trends.

Never a terrific seller since it first crossed the Atlantic in 2008, the Smart car has seen its American sales slump to just a few thousand vehicles this past year.


The shake-up from Daimler, Mercedes Benz’s parent company, reflects the shifting US auto market. The discontinuation of the gas version comes as low prices at the pump have boosted pickup, SUV, and crossover sales.

But Mercedes Benz’s interest in the electric version comes as automakers are gearing up for a surge in electric vehicles.

Mercedes Benz said Monday it will have a “dedicated focus” on the electric Smart, which will “play an important role” in the forefront of its planned fleet of electric cars, according to USA Today.

Smart’s shift to electric will start this summer.

“The Smart lineup will consist exclusively of the zero emissions smart electric drive coupe and cabrio (convertible) in the US and Canada," Mercedes Benz said in a statement.

The 8-foot, 8-inch long car will provide 80 horsepower and 118 pound-feet of torque, with a battery that offers between 70 and 80 miles on a single charge. When it goes on sale, the Smart Fortwo Electric Drive should price in near the previous generation’s MSRP of $25,000, according to CNET’s Roadshow.

While the electric microcar could occupy a niche in the US auto market, its gas-powered sibling wasn’t able to hold onto that position. Ahead of its US debut in 2008, the Smart car received 30,000 reservations, including both gas and electric models. Its sales held steady from 2012 to 2014 at around 10,000 units per year. But that number dropped to an all-time low of 6,211 units this past year.

Mercedes Benz told Automotive News that the electric version comprised 30 percent of those sales “at their high point.”

The company sent Smart dealers a memo about the discontinuation of the gas version: "Developments within the micro-car segment present some challenges for the current Smart product portfolio," it read. "As a result, Smart will discontinue sales of the gasoline powered Smart Fortwo and Fortwo Cabrio for the US and Canadian markets after model year 2017."

And the world electric car market is poised to take off, say experts.

According to a study by Imperial College London and Carbon Tracker, falling battery prices mean that electric cars could make up 35 percent of the vehicle market in 2035, according to The Guardian. That would be a massive surge from the 1.4 percent it occupies now, according to Statista. By 2050, plug-in cars could account for two-thirds of the auto market.


Csmonitor.com
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#Google opens up its #Daydream VR platform to all developers

After a couple months of restricting development on Daydream, Google has opened the floodgates, now allowing anyone to submit an app or experience for the company’s mobile VR platform.

Previously, the company had worked with a select group of partners to build out apps for the platform, assumedly to give developers interested in Daydream a taste of what works well on it.

Apps and games from Jaunt, Within, Lucid Sight and others were first to make the store, now Google is ready to share some key requirements and let the devs go wild with Daydream. The majority of these stipulations focus on user comfort, ensuring that users are the ones directing the camera and that the horizon line stays stable during experiences.

Daydream is currently only available on a few phones (the Google Pixel and Pixel XL are the most notable), but more and more handsets are gaining the Daydream certification that opens up users of the handsets to high-quality, low-latency VR on a mobile device. With this news from Google, there are sure to be quite a bit more apps invading the store that will give the first crop of Daydream users a lot to test out.


Competing platforms like Samsung’s Gear VR already have had more than a year to build out mobile VR content but given the reach of the Google Play store and the breadth of compatible devices that are promised, it wouldn’t be surprising to see Google catch up rather quickly in terms of available titles.

Techcrunch.com



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Why #bitcoin just had an amazing year

When surprises happen, people buy bitcoin.

When Greece threatened to leave the European Union in 2015, investors surged into the digital currency. The same thing happened when Britain voted to leave the European Union last year, and when Donald Trump defied polls to win the U.S. presidential election. Recent economic surprises in China, India and Venezuela that threatened to destabilize those countries’ paper currencies sparked an interest in the digital alternative as well.

That’s why Chris Burniske, an analyst at ARK Investment Management, a firm that invests in disruptive innovations, has termed bitcoin a “disaster hedge.”

“People are using it similar to how they use gold,” he says. “They use it as a risk-off trade when they’re concerned about what’s going on in the capital markets.”

Last year held plenty such surprises for investors, and they collectively helped make bitcoin the best-performing currency of 2016, analysts say. The currency’s value more than doubled in 2016 to reach $1,029 on Tuesday, a three-year high, as data from CoinDesk, a bitcoin-tracking website, shows.



Bitcoin was created in 2008 by an unidentified programmer known as Satoshi Nakamoto. It is the world’s first completely decentralized currency — unlike with the dollar, euro or yen, there is no central bank that controls the amount of bitcoin in circulation or its value. Instead, that is controlled by a global peer-to-peer network of computers.

People provide their computing power to the network to log transactions, which are recorded in a ledger that is publicly distributed across the network, called the block chain. New bitcoins are created as the computers in the network solve complex math problems that verify transactions in the block chain, a process known as mining.

Because bitcoin is decentralized, it can be used anonymously — a feature that has made the virtual currency the payment system of choice for those seeking to evade taxes, launder money, fund hacking attacks or engage in other illicit behavior. The currency also acquired a reputation for instability, due in part to hacking attacks on virtual exchanges that provoked wild swings in its value in past years.

But in the past few years, bitcoin has become more mainstream, attracting the interest of hedge funds, brokerages and other institutional investors, especially as risks for traditional currencies increase.

“All this instability is sort of bringing alternative methods to the forefront,” said Ryan Rabaglia, a trader at Octagon Strategy, a commodity and digital asset trading firm in Hong Kong.

Some analysts believe that rising interest rates and continued economic uncertainty could push the currency’s value even higher in the next year. The price may surpass an all-time high of $1,216.70 reached in 2013, CoinDesk predicts.

Traders say one major force pushing up the value of bitcoin is surging demand from China, where people are using the digital currency to circumvent tight restrictions on moving money out of the country. More than 95 percent of the global trading volume in bitcoin takes place on Chinese exchanges, and most of that is what’s known as capital flight, Burniske says.

China’s economy has slowed in recent years, and its real estate and stock markets have at times fluctuated violently. As a result of these forces, and the expectation that China’s currency may lose value in the future, Chinese companies and investors have been eager to diversify their portfolios by moving their money into what they perceive as safer assets abroad.

This has led to a massive outflow of cash from China. Chinese investment in the United States nearly tripled in 2016 compared with the year before, according to tracking by research firm Rhodium Group. In total, some $762 billion exited China in the first 11 months of the year, according to Bloomberg Intelligence.

Some of this money left China legally, and some did not. The Chinese government has been wary of too much money moving offshore, because that might destabilize the country’s currency and economy. So it has imposed tighter restrictions on individual citizens, who can move only $50,000 abroad each annually, and limited some channels for moving money abroad, like purchasing insurance or real estate.

But Chinese people have found ways to get around these restrictions, moving money out of the country through channels like illicit import-export companies, gambling dens and alternative currencies like bitcoin.

“The desire to diversify their portfolios and get around the constraints imposed by the authorities may certainly have sparked additional demand for bitcoin,” says Eswar Prasad, a fellow at the Brookings Institution and the author of “Gaining Currency: The Rise of the Renminbi.”

Burniske agrees that China has recently been the largest driver in the value of bitcoin. He points to the chart below, which shows that the rise in the value of bitcoin is closely associated with the drop in the value of China's currency, which is known as the renminbi or yuan.

(Chris Burniske, ARK Investment Management)

Rabaglia says efforts to limit the exchange of currency in Venezuela, which is in the midst of an economic meltdown, and in India, which is undergoing a massive campaign to stamp out black money, have also caused bitcoin’s value to surge.

“The availability and the ease of transit of this currency makes it an attractive play for [people in] all these countries that are having these controls put on them,” Rabaglia says.

Burniske is quick to point out that bitcoin has a roughly $16 billion market capitalization, which is still small compared with the amount of money flowing out of China, for example.

But he expects the market for bitcoin to continue to grow, due in part to fundamental improvements in how the currency works. In 2016, programmers released an update that significantly expanded the functionality of the currency’s network, lowering the transaction costs for people to use bitcoin.

Washingtonpost.com

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#Google sued by employee for confidentiality policies that 'muzzle' staff

 A product manager at Google has sued the company over its allegedly illegal confidentiality rules, which, among other things, prohibit employees from speaking even internally about illegal conduct and dangerous product defects for fear that such statements may be used in lawsuits or sought by the government.

 The alleged policies, which are said to violate California laws, restrict employees' right to speak, work or whistle-blow, and include restrictions on speaking to the government, attorneys or the press about wrongdoing at Google or even “speaking to spouse or friends about whether they think their boss could do a better job,” according to a complaint filed Tuesday in the Superior Court of California for the city and county of San Francisco.

 “The policies prohibit Googlers from using or disclosing all of the skills, knowledge, acquaintances, and overall experience at Google when working for a new employer," according to the complaint, which alleges that the company’s confidentiality policies are contrary to the California Labor Code, public policy and the interests of the state.

 Google’s Global Investigation Team “also relies on ‘volunteers’ to report other employees who might have disclosed any information” about the company, according to the complaint, which paints a picture that is in sharp contrast to the glowing image one usually gets about Google's workplace culture and perks.

 Under a program called Stopleaks, Google asks employees to report on “strange things” around them such as anyone asking detailed questions about an employee’s project or job, according to the complaint. Employees are also said to be banned from writing creative fiction such as “a novel about someone working at a tech company in Silicon Valley,” without Google’s approving the book idea and the final draft.

 The policies are said to be be intended to control Google’s former and current employees, limit competition, infringe on constitutional rights and block the reporting of misconduct. The complaint goes on to state that the case does not concern Google’s trade secrets, consumer privacy or information that should not be disclosed under the law, but reflects the company’s use of confidentiality and other policies for illegal and improper purposes.

 In the lawsuit, first reported by The Information, the employee who has filed anonymously as John Doe, claims that Brian Katz, Google’s director of global investigations, intelligence and protective services, had falsely informed some 65,000 Google employees that the plaintiff was terminated for leaking information to the press, without naming him. Katz and Google used him as scapegoat to ensure that other employees continued to fall in line with the company’s confidentiality polices, according to the complaint, which asks that the employee should not be asked “to self-publish” his name.

 Google could not be immediately reached for comment on the lawsuit after business hours. The company was quoted by some news outlets as saying in a statement that its "employee confidentiality requirements are designed to protect proprietary business information, while not preventing employees from disclosing information about terms and conditions of employment, or workplace concerns."

 In September, the employee had complained to the Labor Workforce and Development Agency, after which Google made an amendment in which it “purported to broaden Googler’s right to discuss pay, hours or other terms of employment and to communicate with government agencies regarding violations of the law,” according to the complaint.

 Employees were not informed of the amendment and other policies were not changed, and “in fact, Google’s actual policies and practices remained unchanged,” it added.

 The employee has asked the California court for penalties for each of the 12 alleged violations under the Private Attorneys General Act on behalf of himself, the state of California and other Google employees.

Computerworld.com



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#SuperMario Run breaks records with 40 million downloads in its first 4 days

 Nintendo has confirmed what we all knew was likely – Super Mario Run got a lot of downloads at launch. The company says that the app was downloaded over 40 million times during its first four days on the App Store, which breaks records for Apple’s mobile software shop. Previous third-party estimates suggested the new game was on track to topple Pokémon Go’s previous early performance and approach the 40 million mark, but this official number confirms it.

 In a press release issued by Nintendo, the company says that in addition to its top ranking in the “free” chart of the App Store in 140 different global markets (of the 150 where it’s available), it’s also now in the top 10 ranking for best grossing games in 100 different markets.

 Apple SVP of Marketing Phil Schiller is quoted in the release, confirming that the game broke a record for App Store downloads during its initial few day of availability. Nintendo closes the record announcement with a note that it believes its achieving its goal of growing the group of customers who are familiar with its IP even further.


 The release also notes that Nintendo is making it easier to enjoy all modes as much as possible following the initial purchase, and a recent feature update indeed now allows you to run head-to-head with friends without using tickets, which are normally required for the Toad Rally.

Techcrunch.com

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#Security Predictions – 2017

 Each year organizations from around the world start looking at the new year and try to make predictions on what will occur. The security industry is no different. Our WhiteHat team has gathered their thoughts on predictions for 2017 and new vulnerabilities or trends that might emerge in 2017. I hope you find their predictions a great way to kickstart 2017 planning and start implanting some thoughts on how to protect your applications in the coming years as threats continue to increase. We are a small security community with pretty much the entire world trying to attack our applications. I’m proud and honored to start the conversation about how we can fight back and protect our assets and our customers.

We’ll start out with my prediction.

 Every year around this time people start asking me what I think the cyber security trends for the next year are going to be. What new vulnerabilities are going to come out? Is IoT going to be hacked in a major way? Will self-driving cars start smashing into each other because they’re connected to the Internet? All are valid questions and any of them could occur next year. However, I unfortunately predict a somewhat bleaker and kind of boring thing will happen… Nothing will change. Companies will continue to get breached because of simple vulnerabilities. We have seen year after year that vulnerabilities we knew about at the turn of the century continue to be exploited leading to massive data breaches that effect both companies, and their users. Cross site scripting and SQL injection continue to be found on site after site after site. Here at WhiteHat, we still find cross site scripting on about 50% of all sites we asses. SQL injection which leads to database breaches still occurs on about 6% of all sites. It’s staggering that we haven’t learned from the past and continue to introduce these easily exploitable vulnerabilities.

 As a security community, we need to do a better job. We need to start training all developers on secure coding from day one. Universities need to start teaching secure coding to all computer science majors. The security teams need to share their knowledge with the developers and the rest of the company. We need to tear down the walls that so often pop up between the different organizations. Only then can we start to make forward progress on stopping the bad guys. 

 Ok, enough of my predictions and recommendations.  On to the predictions of some of the team here at WhiteHat…

Marc Druzin, Product Management

(Reference: http://spectrum.ieee.org/cars-that-think/transportation/systems/its-now-temporarily-legal-to-hack-your-own-car)

Cars are a key target for hackers

There will be a lot more surfaced vulnerabilities in cars next year. You can bet as soon as newer models come out with more auto-driving/steering and logically, interconnected features, the hack-a-thon will be on.

Antoine Baisy, Threat Research Center

• Cars are a key target for hackers
• There will be a published hack for Google Home or the Amazon Echo

So, when I gazed into my crystal ball located conveniently on my desk, two major events appeared in the mist. One is another remote hack on self-driving cars which will continue to hammer home that they need to be properly secured before they are released to the masses. The other is a published hack for either the Google Home or the Amazon Echo. The Echo has been out for two years and it’s been solid so far. However, with the Google Home emerging, the always-on microphones in people’s homes are a serious concern for the general consumer. I’ll trust both Google and Amazon to patch the hacks before they are published, but I do think both devices have a target on them in the hacking community. If you believe crystal balls that is.

Brian Williams, Threat Research Center

DDoS attacks like Mirai will continue.

DDoS attacks are likely to become a big problem.

The record-breaking Mirai botnet, and the subsequent release of its source code, was some of the biggest security news that we saw this year. The malware first reared its head back in September, when it was used to deliver a record-breaking DDoS attack on Brian Krebs’ security blog. Mirai exploits default passwords on Internet of Things devices, such as routers, security cameras, and DVRs in order to gain control of them. Thousands of devices are infected at once, and then used to deliver a massive barrage of requests to a target victim, unloading up to 700 gigabits of data per second. Directly following the attack on Brian Krebs’ blog, the source code for Mirai was released to the public.

On October 21, Mirai was used to take down the DNS provider, Dyn. By targeting Internet infrastructure, attackers were able to deny service to a large number of websites for most of the day, including Twitter, Amazon, Tumblr, Reddit, Spotify, Netflix, and GitHub.

Since the source code of Mirai is easily obtained, I expect that DDoS attacks of this nature will continue.

Jeannie Warner, Security Manager

The social and political unrest around the world will encourage a dramatic rise in Hactivism.

I foresee the return of Anonymous, cranking up U.S. operations to unheard-of new levels. We’re all used to www.whitehouse.gov and www.cia.gov being constantly attacked, defaced, and taken offline. With all of the anger and frustration of the 2016 U.S. elections, we’re going to see a lot more attacking, DDoS, and exposure attacks of many media outlets, right- and left- leaning special interest groups, and definitely the FBI. Anonymous already stands with Standing Rock and the protests there.  There will likely be a lot more attacks on big oil, as well as state-level sheriff and police supporting these kinds of activities. The gloves seem to be off on the topic of fair play. Google and Facebook are both declaring they are working at eliminating the fake news issues that plagued social media over the last 12 months. What will come of it remains to be seen, but I predict there will be a lot of focus on new natural language processing technology examining ad filters and URL processing as part of web applications.

New guidelines will emerge from organizations such as NIST requiring that application security vendors partner with device manufacturers and testing labs to deliver secure IoT systems.   

The Internet of Things is growing daily, with smart devices and controlling applications at the core of every business from Healthcare to smart cars and smart buildings. It’s essential to protect smart anything from attackers attempting to exploit their vulnerabilities – and I’m expecting/hoping to see a shift from the term “security” to “safety”, as well as an increase in legislation mandating increased rigor of testing. In the same way manufacturing safety testing via the American National Standards Institute controls new releases in devices, I think that the National Institute of Standards and Technology’s SP 800 or a similar body will form guidelines for a comprehensive security assurance through the integration of dynamic application scanning technology and rigorous device controls testing. Commonalities in all IoT systems include controls for tracking and sensing interfaces, combined with web- or mobile-enabled control applications which combine to expand the borders of the security ecosystem. New guidelines will (ideally) force more application security vendors to partner with device control testing labs to support manufacturing earlier in the development process, helping the innovative organizations to manage risk by identifying vulnerabilities early in development, continue to monitor challenges during testing, and help release more secure products.

Dan Lacey, Threat Research Center

Nothing will change.

Attackers will continue to discover and exploit zero-days. Companies large and small will continue to lose data and money to the usual attacks, often because they didn’t take basic security precautions. Individuals will continue to lose money in the usual ways, often because they lack basic knowledge of Internet safety. Manufacturers will continue to produce Internet-connected devices with no security, or easily by-passable security, enabling attackers to hijack them. Someone might pass laws mandating that new Internet of Things devices have security, but those laws will be unenforceable and impossible to apply retroactively.

No one will deploy a better authentication system than passwords.

The government will continue to press for increased surveillance including backdoors.

Whitehatsec.com

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