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Submission + - Mobile-only banks: Cashing in on the 18-35 crowd (sdtimes.com) 1

jmoore83 writes: Mobile banking is the new banking “mode du jour” for the millennial market. Digital banks like European-based N26, Monzo, and Orange Bank, part of French telecom operator Orange, along with U.S.-licensed Aspiration and BankMobile, are poised to make a dent in the more traditional “brick and mortar” banks’ markets and revenues globally.

The mobile-first and mobile-only digital banking market is currently underdeveloped and wide open for business. Nicolas Kopp, U.S. chief executive for N26, points out that mobile banking is just now picking up on the transformation that other industries have already begun to capitalize on. “Look at transportation with Uber and Lyft, accommodation with Airbnb, or music with Spotify,” he said. “There is a shift from offline to online to mobile.”

Submission + - Violating a Website's Terms of Service Is Not a Crime, Federal Court Rules (eff.org)

An anonymous reader writes: Good news out of the Ninth Circuit: the federal court of appeals heeded EFF’s advice and rejected an attempt by Oracle to hold a company criminally liable for accessing Oracle’s website in a manner it didn’t like. The court ruled back in 2012 that merely violating a website’s terms of use is not a crime under the federal computer crime statute, the Computer Fraud and Abuse Act. But some companies, like Oracle, turned to state computer crime statutes—in this case, California and Nevada—to enforce their computer use preferences. This decision shores up the good precedent from 2012 and makes clear—if it wasn’t clear already—that violating a corporate computer use policy is not a crime.

Comment This just shows that hacking should be legal (Score 1) 221

This whole episode is evidence that computer hacking should be completely legalized. If hacking was legal, some white-hat script kiddie from Nebraska would have found the security flaws in Sony's system a long time ago. The flaws would have been reported and fixed and would have been a whole lot less damaging to the country as a whole. Probably it barely would have made the news.

Instead we have to wait around for some country who has no regard for out legal system to hack our systems and find our flaws. Now North Korea looks smart, while we all know that there are hundreds of 16 year old hackers out there who probably could have done the same thing --- if it was legal.

Way to go lawmakers.

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