Amazon Moves Its Prime Day Sale To The Second Quarter
Amazon recently announced the shift of its Prime Day sales date to the second quarter. The announcement was made during the first quarter earnings conference call. While Amazon’s Prime Day sales traditionally take place in the third quarter, it has been delayed until the fourth quarter of 2020. With Amazon unveiling a revenue target for […]
Dell Finds and Solves Major Flaws In Firmware Update Driver
Infosec research firm, SentinelLabs recently uncovered 12-year-old flaws in Dell’s firmware updater, DBUtil 2.3. The research firm discovered five serious vulnerabilities in the vulnerable firmware updater, which has been installed by default on hundreds of millions of Dell systems since 2009. Although it may not be a remote code execution vulnerability, meaning that a hacker […]
Bitcoin, Ethereum See Strong Inflows In Latest Week
According to Coinshares data, Bitcoin and Ethereum recorded strong investor inflows, bringing investment in the sector to $489 million. The report states that bitcoin received the largest share of capital inflows, with $441.7 million last week and $4.2 billion so far in 2021. Ethereum reported inflows of $30.2 million last week, reaching an all-time high […]
Amazon Shares Record Profits As U.S. Economy Reopens
Amazon Inc reported record profits while hinting that many consumers will continue to spend in a growing U.S. economy. Because brick-and-mortar stores were closed during the coronavirus outbreak, shoppers relied heavily on Amazon for their products, and this continued after the pandemic. Amazon has already posted four consecutive record quarterly profits, with more than 200 […]
Commerce Dept. Presses TSMC For More Chips For Automakers
U.S. Secretary of Commerce Gina Raimondo announced on May 4 that the U.S. Department of Commerce is pressuring Taiwanese semiconductor company (TSMC) and other Taiwanese companies to prioritize U.S. automakers demands to alleviate the current chip shortage. At the Council of the Americas event, Raimondo, in response to a question from a General Motors executive, […]
Crypto Mining Could Become Environmentally Friendly
Elon Musk, CEO of electric car company Tesla, halted the use of Bitcoin as a means of payment yesterday due to environmental concerns, but some of his concerns could be allayed if crypto mining becomes more efficient. Cryptominers are moving to countries with less stringent environmental regulations and cheap electricity, leaving countries such as China […]
Colonial Pipeline Paid Hackers Close To $5 Million
America’s largest pipeline system, Colonial Pipeline, reportedly paid ransomware group DarkSide nearly $5 million to decrypt systems that were locked in the ransomware attack of May 7. According to Bloomberg, two people familiar with the incident claimed that a blackmail demand was agreed just hours after the cyber attack, which resulted in the company temporarily […]
HelpSystems Grows Cybersecurity Profile with Agari, Beyond Security
American IT software company HelpSystems recently announced the acquisition of Beyond Security and Agari as it seeks to enhance its cybersecurity portfolio. Agari is a Software as a Service (SaaS) solutions provider for phishing security. Beyond Security provides automated vulnerability assessment and compliance solutions using the company’s products, beSecure, beSource, beStorm, covering areas such as […]
Musk Says Bitcoin Energy Use Is ‘Insane’ As Value Drops
Elon Musk, one of bitcoin’s most ardent supporters, took to his Twitter handle to publicly criticize the ‘insane’ amount of energy consumed to produce bitcoin while addressing the environmental concerns that go with it. Explaining the extent of bitcoin’s consumption on Twitter Musk said: “Energy usage trend over past few months is insane.” Musk also […]
Chemical Distributor Brenntag Pays $4.4 Million To DarkSide
Brenntag, a leading chemical distribution company based in Germany, paid $4.4 million to the DarkSide Ransomware gang after an attack in its North America division that enabled the attackers to encrypt devices on the network and steal unencrypted files. The company is said to have paid the ransom in Bitcoin to get a decryptor for […]
