Apple says it’s a Visa problem. Visa says real-world fraud is too rare to justify a technical fix, relying on their "zero liability" policy to just refund victims later.
Protect yourself: Go to Apple Wallet settings and turn off Express Transit Mode for your Visa cards.
Hackers just stole $10,000 from MKBHD’s locked iPhone using a 5-year-old security flaw. https://t.co/ZI4xMptknG
How the Man-in-the-Middle attack works: (1) Bypasses Lock Screen: Abuses Apple’s Express Transit Mode to activate the wallet without FaceID/passcode. 🧵👇
(3) Exploits Visa: Tricks the payment terminal into thinking the transaction was verified.
Why it works: Apple doesn't check the literal dollar amount (unlike Samsung), and Visa skips crucial cryptographic signature checks when a reader is online (unlike MasterCard). 🧵👇
Thanks @Gavriel_Cohen. You’re right. I never used an IDE. Claude Code made all edits. No @karpathy ‘vibe coding’. All I did was ‘tool assembly’ to create a utility that worked in my domain!
Marc Andreessen on the 3 things he looks for when investing in a startup
The first thing Marc Andreesen looks for is a big market:
“Is there a big existing market that you think you can go after and displace incumbents? Or do you believe there will be a new market that will be big?”
The second thing he looks for is a 10x better product:
“Is there a fundamental technology or economic change that justifies a new company? And the way I always think about that is: Is there a 10x change happening in the technology landscape? Is something 10x faster, 10x cheaper, or 10x better? If it’s not 10x, we as both VCs and entrepreneurs have to ask ourselves if it’s really worth doing because it’s really hard to start new companies . . . Existing companies are usually pretty good at what they do. So for a new company to exist, it has to bring a product to market that’s so much better than what exists that it punches through the status quo.”
The third is the team:
“Is the team outstanding? . . . You want to have a founding team of complementary skillsets. You want to have at least one super strong technologist — quite possibly more than one. Some of the best startups are actually more than one founding technologist. And then it often helps to have someone who is a marketing or salesperson who has a really good understanding of business.”
Marc believes that you need all three of these, but if you’re going to compromise on one of those as an investor, it should be the product:
“A great market is a lot easier to make up for with iterative product execution. The problem with a poor or small market is that even if you do a good job on the product, there just aren’t that many customers so it’s hard to ever get big and people get demoralized . . . And then we evaluate the team of a startup by its ability to get into a big market with a good product.”
Dear @TheLeelaHotels, your hotel in Chennai is in the lovely neighborhood of MRC nagar which has some of the best foot paths in the city. Ever since drivers who come to pick your guests started parking here, this has become the longest public toilet in the city. 1/2 @chennaicorp
The sound of silence: my latest #TharoorThink column in the @IndianExpress comes to grips with the reluctance of the Indian diaspora in America to speak up for the interests of their motherland, in the face of continued assaults from Washington:
Our new report, researched by @DatosInsights, makes it clear that data collaboration isn't just nice to have, it's the most critical asset your bank has in the fight against fraud.
Get your free report: https://t.co/4iilQzp5l9
Older fraud prevention frameworks can't keep up with today’s threats.
It's time for an upgrade. @backbase and Feedzai outline how to embed fraud intelligence and leverage behavioral biometrics to get 360° protection.
Learn more: https://t.co/5Eg1J9ocnk
Almost exactly 24 months ago me and @t_blom interviewed a Swedish team with no legal backgrounds that wanted transforms how lawyers work.
Today, Legora’s AI workspace is used by tens of thousands of lawyers, including top law firms like Goodwin and Cleary Gottlieb— and is valued at $675M. I sat down with @MaxJunestrand to hear how it all happened. @ycombinator
The top 5 business units expecting savings from #genAI-driven headcount reduction are:
1. Service Ops
2. Supply Chain/Inventory Mgmt
3. HR
4. Manufacturing
5. Risk, Legal & Compliance
Final UN plastic treaty just collapsed. After years of negotiation,170+ nations were ready to act. But the US, Saudi Arabia and Kuwait blocked a legally binding deal. So, now we're left with just voluntary measures while our planet chokes on plastic 😔 https://t.co/dDRofPqEak
AI can plunge into the depths of the internet, analyze thousands of words and repeat until it’s satisfied, writes @nicnguyen https://t.co/C9849MlQex via @WSJ
Apple Notes is now: • A scanner • A wiki • A signing tool • A multimedia hub • A calculator • A live collaboration space • An AI writing assistant
All on your iPhone. Saves you all that hassle of multiple apps.
Apple Notes has been a revelation for me.
It’s a hidden powerhouse on your iPhone that can replace several apps you’re already using.
Most people use 5% of what it can do.
Here’s the other 95% — 15 game-changing features you didn’t know existed.
15. Keep your Notes app spotless
Folders for work, personal, travel → drag one into another for subfolders.
Pin key notes to the top. Sort by date or title. Search even inside scanned images.