Cisco admits data posted by ransomware gang came from its systems
Company still maintains no sensitive customer, employee or corporate data
American Tech Leaders talks about TikTok’s Growth
TikTok, a social media platform owned by Beijing-based ByteDance, has been aggressively poaching younger users from American social media companies such as Meta and Snapchat, and American tech titans are exploring its growth. At this year’s Code Conference, which TikTok did not attend, Snap CEO Evan Spiegel praised TikTok’s investment strategy, but also blamed the […]
Banks’ Takeover of Fintech Startups Faces Regulatory Obstacles
Growing regulatory concerns could force banks to reverse decisions to take on fintech startups. This reflected in Swiss banking giant UBS’s decision to scrap a $1.4 billion takeover of venture-backed robo-adviser Wealthfront. Although the two companies said the decision to terminate the deal was based on “mutual agreement,” experts pointed out that terminating the deal […]
Verily Announces $1 Billion Funding
Verily, the life sciences and health technology company, which spun off from Google in 2015 has announced a $1 billion capital increase, led by its parent company Alphabet. The funds will be used to expand its customized data-driven healthcare products and consider strategic partnership investments, business development and acquisitions. Verily also announced executive team changes […]
Cyber Security Today, Sept. 12, 2022 – A vulnerability found in the BackupBuddy WordPress plugin, a new Linux malware discovered, and more
This episode reports on another WordPress plugin bug, a new Linux malware discovered, US sanctions against Iran’s intelligence ministry for cyber attack
Cyber Security Today, Sept. 12, 2022 – A vulnerability found in the BackupBuddy WordPress plugin, a new Linux malware discovered, and more
This episode reports on another WordPress plugin bug, a new Linux malware discovered, US sanctions against Iran’s intelligence ministry for cyber attack
Bolt pulls out of $1.5 Billion Deal to Buy Crypto Platform Wyre
Bolt, an online checkout company based in the United States, has withdrawn from its deal to buy Wyre, a crypto-infrastructure provider. News of the terminated deal, which was agreed earlier this year, comes at a time when crypto and fintech valuations are plummeting. Bolt said in a statement that it will continue to work with […]
EU to Consider Tech Giants in Telecom Costs
According to Thierry Breton, European Commissioner for the Internal Market, the European Union’s executive body will launch a consultation in early 2023 on whether technology giants should bear part of the cost of Europe’s telecoms networks. Previously, European telecoms operators had argued for financial contributions from companies such as Google, Facebook and Netflix, claiming that […]
Roblox to Launch 3D Advertising in 2023
Roblox, a user-generated gaming platform and the creator of the games “Jailbreak” and “MeepCity,” have announced plans to introduce 3D advertising on its platform next year. This will enable the company to diversify revenue streams beyond game sales. While it will review ads with developers and a limited number of marketers, Roblox also revealed that […]
SpaceX Contests FCC Cancellation of its Rural Broadband Bid
In a regulatory filing, Elon Musk’s SpaceX has challenged the Federal Communications Commission’s rejection of $885.5 million in subsidies for rural broadband networks. It has called the action flawed and grossly unfair, and accused the FCC of miscalculating Starlink, a fast-growing network of more than 3,000 satellites in low-Earth orbit and tens of thousands of […]
