U.S. Ban Companies from Setting up ‘Advanced Technology’ Firms in China for a Decade
The Biden administration has said that U.S. technology companies that receive federal funding will be prohibited from building “advanced technology” plants in China for the next decade. This is part of a US$50 billion plan to boost the local semiconductor industry, which business groups have been pushing to reduce dependence on China and offset a […]
20 IT Trends for CIOs and Technology Leaders
Twenty useful trends for CIOs and technology leaders were revealed in the IT Leaders Pulse Report 2022 by MuleSoft Research, developed from interviews with 1,000 leading IT executives around the world. The 20 trends include: positive employee experiences, which are now considered very important; improved customer focus and employee technologies, which remain critical for companies […]
Cobalt Strike Server of Ransomware Gang Disrupted by DDoS Attacks
Unknown attackers disrupt the activities of former members of the Conti ransomware gang by flooding their Cobalt Strike servers with DDoS attacks displaying anti-Russian messages. The unknown attackers are tracking the TeamServers (C2) used by ransomware actors to control the Cobalt Strike (C2) Beacon payloads on compromised hosts (clients). Attackers flood the CS servers and […]
Facebook Engineers Don’t Know Where User Data is Stored
Two Facebook engineers admitted in newly released transcripts of a hearing related to the Cambridge Analytica scandal, which granted access to the personal data of 80 million users, that they have no idea where Facebook stores user data. This emerged during a hearing with Daniel Garrie, a court-appointed special master. Garrie asked the two engineers […]
El Salvador’s Bitcoin Plans Fail
A year after El Salvador made Bitcoin legal tender and required all businesses to accept it, the experiment has failed due to falling cryptocurrency prices and a lack of use of the government’s Chivo e-wallet app to buy goods or send money. Nor is the cryptocurrency city proposed by President Nayib Bukele, which offered itself […]
Netflix Moves to Control Cloud Computing Cost With AWS
As part of its ongoing cost-cutting efforts, Netflix is reportedly pushing to better control rising cloud computing spending with longtime cloud partner Amazon Web Services AWS. Netflix’s unexpected collaboration with Microsoft to launch its ad-supported plan later this year could provide a replacement for AWS in the future. This, however, may jeopardize the relationship between Netflix, […]
US$258 Billion Dogecoin Lawsuit Against Musk Intensifies
The Dogecoin-related lawsuit against Tesla CEO Elon Musk has grown in size. The lawsuit is accusing Musk of running a pyramid scheme to support the cryptocurrency. Seven new investor claimants and six new defendants were added to the lawsuit, including his tunnel construction company Boring Co. Keith Johnson, a Dogecoin investor, filed a US$258 billion […]
Apple Unveils Watch Ultra, Satellite SOS iPhone
Apple unveiled new models for its AirPod, iPhone and Apple Watch. The company unveiled a new Watch Ultra model designed specifically for users who practice extreme sports and diving. Apple also introduced its Emergency SOS service, which would allow iPhone 14 users to send emergency messages from a remote location. The new Watch Ultra costs […]
