Donald Trump’s Truth Social Suffers Financial Setback
Digital World Acquisition Corp (DWAC), the special purpose acquisition company (SPAC) that backs Donald Trump’s Trump Media & Technology Group (TMTG) may have to abandon its efforts after failing to garner enough shareholder support for an extension that would allow the deal to close. The merger with DWAC would have brought TMTG US$293 million in […]
Chinese Universities and Institutes Struggle After U.S. Chip ban
The future of research projects at Chinese universities and research institutes is bleak following the U.S. ban on exports of Nvidia Corp’s A100 and H100 and Advanced Micro Devices AMD MI250. The U.S. recently halted the supply of sophisticated U.S. computer chips to power China’s artificial intelligence (AI) technology. The development marks a significant continuation […]
Judge Finds Meta Guilty of Violating Washington law
According to the Washington state Attorney General, Bob Ferguson, a court ruled in a hearing before Judge Douglass North at King County Superior Court that Facebook owner Meta repeatedly and intentionally violated Washington’s campaign finance law and must pay fines. The court also rejected Meta’s attempt to repeal Washington’s campaign finance transparency law. Ferguson said […]
Linux Malware uses Multi-level Deployment to Bypass Detection
AT&T researchers have discovered a new Linux malware that can bypass multi-stage deployment. The malware known as Shiketega can bypass antivirus by using a polymorphic encoder that makes static signature-based detection impossible. Shiketega’s method of infection remains unknown, but researchers at AT&T said the malware uses a multi-stage infection chain in which each layer delivers […]
Intercontinental Hotels Group Suffers Cyberattack
Intercontinental Hotels Group (IHG), a UK-based company that manages the Holiday Inn, Crowne Plaza and Regent hotels, has confirmed a cyberattack on the company. IHG said it was investigating “unauthorized access” to a number of its technology systems. “We will be supporting hotel owners and operators as part of our response to the ongoing service […]
Cyberattack hits Los Angeles School District
A cyberattack on the vast Los Angeles Unified School District over the Labor Day weekend led to a massive shutdown of its computer systems and major disruptions to activities but not classes. The institution, which is the second largest in America, called the cyberattack a “significant disruption to our system’s infrastructure.” Authorities however said they […]
Instagram to Phase out Shopping Features
Instagram’s current shopping features will be phased out, but not completely, as parent company Meta intends to test a simpler and less personalized version of the shopping page known internally as “Tab Lite.” The social media platform plans to change the focus of its e-commerce initiatives to those that directly drive advertising. Instagram announced its […]
New DeadBolt Ransomware Attack Exploits Photo Station Flaw
QNAP has warned users of its network-attached storage (NAS) to upgrade to the latest version of Photo Station. This warning became necessary after attackers exploited a zero-day vulnerability in the software to launch a new DeadBolt ransomware attack. Although details of the error have not yet been disclosed, QNAP advises users to take several security […]
Apple Strengthens Mac Security
Apple is working hard to eradicate malware from Mac products. The company has increased the security strategies for monitoring its platform in recent years, after identifying 130 types of Mac malware that infected 300,000 systems between May 2020 and May 2021. In one of its moves, Apple sued the controversial private surveillance firm NSO Group, […]
Unemployment Rate for Tech Jobs Leaps to 2.3% in August
The unemployment rate for technology occupations rose to 2.3% in August from 1.7% in July, according to CompTIA, a nonprofit association for the IT industry and workforce. The change follows the direction of the national unemployment rate, which rose to 3.7% in August, from 3.5% in July. Despite the rise in the unemployment rate, companies […]
