Sobeys parent says total impact of cyber attack could be over $54 million
The parent company of the Canadian Sobey’s and FreshCo supermarket chains says the direct and indirect costs from last year’s cyber attack could add up to over $54 million, not including insurance payments. Empire estimates, based on available information, that the final impact on net earnings over fiscal 2023 and fiscal 2024 will be approximately
Breaking News: CFIB confirms data up for sale was stolen from the association
An association representing Canadian small and medium-sized businesses has acknowledged someone recently stole and put up for sale a database of its prospects. Dan Kelly, chief executive officer of the Canadian Federation of Independent Business, said Thursday the database is “mostly old information’ and not the main database of the estimated 97,000 members of the
Ottawa should help SMBs more on cybersecurity: Parliamentary committee
Committee also urges more help for critical infrastructure providers One critic says the recommendations aren’t new, Cybersecurity, he claims, isn’t a priroity of the current
FBI says 860 critical infrastructure organizations hit by Ransomware in 2022
The FBI has released its 2022 Internet Crime Report, which reveals that at least 860 critical infrastructure organizations were targeted by ransomware attacks last year. The actual number is likely higher, according to the report, because it only includes attacks reported to the Internet Crime Complaint Center (IC3). According to IC3 data, 14 of the […]
Chinese hackers target unpatched SonicWall SMA Edge Devices
According to a recent Mandiant research document, since 2021, a malware campaign has been targeting unpatched SonicWall SMA edge devices, persisting even after firmware updates. The malware campaign is thought to be a Chinese cyber espionage campaign aimed at stealing user credentials for cyber espionage purposes. The malware is made up of several bash scripts […]
Features of OpenAI’s GPT-4
The GPT-4 AI model from OpenAI has been released and is already being used in a variety of applications ranging from virtual volunteers to enhanced language learning bots. This new version differs significantly from previous versions, such as ChatGPT and GPT-3.5. For starters, GPT-4 is multimodal, which means it can interpret both images and text. […]
Ransomware group claims to have compromised Amazon’s Ring
ALPHV, a ransomware group, claims to have compromised Ring, an Amazon-owned company that manufactures smart doorbells with cameras. According to Vice’s Motherboard, the group has added a new entry to its leak site that features Ring’s logo. The group hinted in a message that negotiations over the ransom demand are ongoing or may have broken […]
Samsung to invest $230 Billion on chip facility in South Korea
Samsung Electronics has announced a $230 billion investment in a massive semiconductor manufacturing facility in Gyeonggi province, which is part of the Seoul Metropolitan area. Samsung and South Korean government announced plans to build the world’s largest new “high-tech system semiconductor cluster,” according to President Yoon Suk Yeol. He stated that it would be based […]
Meta to cut another 10,000 jobs, says Zuckerberg memo
In a memo announcing another 10,000 job cuts, Mark Zuckerberg described the near future for Meta employees as challenging. In Silicon Valley, Meta has been battling headwinds such as a dwindling digital advertising sector, Apple’s new privacy policy, the rapid emergence of artificial intelligence technologies, and the rise of TikTok. As part of his “year […]
Amazon reportedly working on a browser
Amazon is reportedly working on a browser and search engine to compete with Bing, Google, and Yahoo. This new browser will be widely available to users.
