On Wednesday, the Internet Safety Technical Task Force, led by The Berkman Center for Internet & Society at Harvard University, issued a report entitled “Enhancing Child Safety & Online Technologies.”  The report was compiled at the request of the Multi-State Working Group on Social Networking, comprised of 50 state Attorneys General.  The task force includes representatives from several well-known Internet social network and online service providers, including Google, AOL, Facebook and MTV Networks/Viacom.  The report, which was a year in the making, sought to determine the extent to which currently-available technology could help to address online safety risks to youths in the U.S., with a primary focus on social networking. 

The task force consulted with experts in the field of youth online safety and technology and sought input from the public upon which to base its findings.  Most significantly, eight leading social networking sites (including AOL, Bebo and Orkut (Google)) provided submissions to the task force detailing their efforts to enhance online safety for children, including the development and implementation of technologies focused on age and identity verification/authentication, filtering and auditing, text analysis and biometrics. 

While “cautiously optimistic” about the innovations they’ve observed, the task force cautioned against overreliance on technology, and noted that there is no one technological solution, or combination of solutions, that can provide complete online safety for minors.  Rather (and probably one of the more obvious solutions), the task force noted that the importance of parental oversight and education in use of the Internet must not be underestimated.  Ultimately the task force does not believe that the Attorneys General should endorse any one technology or set of technologies, but should work collaboratively with all stakeholders in pursuing a multi-faceted approach in protecting children from the risks of Internet usage.

Above all else, it is important to recognize that child safety, whether online or offline, in the virtual world or the real world, starts at home.  Putting that aside, it is definitely interesting to see social network providers coming around and taking a proactive role, particularly those that traditionally took a “hands-off” approach to filtering and monitoring the content on their sites and/or implementing security and safety procedures to protect minors. 

• Some good news for Yahoo for a change as its stock jumps 7% on a report that Jonathan Miller, former CEO of AOL, is talking with private and sovereign equity funds about funding a buy-out of the company.  More details here.
• Maybe some good news for the economy??  E-commerce sales jumped 15% on Cyber Monday, according to a report by comScore.
• MySpace is rolling out a new service to enable members to look at video clips embedded on their home pages via their mobile phones.  The service will be free to users, with MySpace bundling the video clips with ads.  More information here.
• Goldman Sachs is looking into launching an online bank.  The move appears to be one of the initiatives that GS is undertaking to expand its asset base now that it is a bank holding company.  Here’s the report from the Wall Street Journal detailing the news.