Scotiatrust US customers sideswiped by MOVEit hack
The U.S. investment advisory division of a Canadian-headquartered bank is among the latest companies to admit it was sideswiped by the exploitation of a zero-day vulnerability in Progress Software’s MOVEit file transfer application. Scotia Wealth Management, part of the Bank of Nova Scotia, acknowledged in a letter filed with the state of Massachusetts that personal
Amazon issues warning to staff not meeting office attendance expectations
Amazon is warning staff who are not meeting its expectations for office attendance. The company has sent emails to some employees who have not been coming into the office three days a week, even though their assigned building is ready. Amazon says it is “reaching out” to these employees because they are not “currently meeting […]
Alibaba profits soar, cloud revenue declines
Alibaba Cloud, the cloud computing arm of Chinese tech giant Alibaba, reported revenue growth of 4% in the second quarter of 2023, but a 106% surge in earnings. CEO Daniel Zhang attributed the slowdown in revenue growth to the normalization of demand for cloud services as pandemic measures were lifted and people returned to work […]
Kidgeni introduces youngsters to generative AI
A new web application called Kidgeni is introducing youngsters to the wonders of generative AI in a creative and playful way. Developed by tech professional Matt Lock, Kidgeni allows children to generate images, stories, and more from text prompts. Kidgeni uses a combination of Stable Diffusion and a collaborative startup partner to power its AI […]
MOVEit zero-day compromises 600 organizations and 40 million individuals
The Clop ransomware gang has used a zero-day vulnerability in MOVEit to attack over 600 companies and 40 million people including healthcare organizations, educational institutions, financial institutions, government entities, and others. The attack, which appears to have been tested by Clop hackers since 2021, but broad exploitation appears to have begun in late May 2023, […]
Kyndryl cuts net losses in Q1 2024
Kyndryl, the IT infrastructure services company spun off from IBM in 2021, cut its net losses to $141 million in the first quarter of 2024. This represents a significant improvement from the company’s net loss of $250 million in the same quarter last year. Kyndryl’s revenue declined 2% year over year to $4.2 billion in […]
Microsoft to cut off Russian companies from software updates
Microsoft will stop renewing licenses for its products to Russian companies starting in October, the company said in a letter to customers. The move is part of the tech giant’s response to Russia’s invasion of Ukraine. Microsoft will no longer process payments via wire transfer to a local bank account for its services in Russia. […]
U.K. tech regulations threaten to Drive U.S. giants away
A major U.S. tech firm has threatened to leave the U.K. if the government passes new regulations that would give the competition watchdog unprecedented power over tech companies. The company, which has not been named, is concerned about the Online Safety Bill, which would require tech companies to police social media content more strictly. The […]
Salesforce sued for falsely advertising real-time data processing software
A former Salesforce vice president, Karl Wirth is suing the company, alleging that it falsely advertised the capabilities of its Customer Data Platform (CDP) and retaliated against him for raising concerns about the product’s claims. Karl Wirth, who joined Salesforce in 2020 and was promoted to senior vice president in January 2022, said in a […]
Australian woman fired after keystroke monitoring found she was not working
Suzie Cheiko, an Australian woman who worked as a consultant for Insurance Australia Group (IAG) for 18 years, was fired after her employer used keystroke technology to assess her productivity. Cheiko was put on a performance improvement plan in November 2022 after her managers noticed that she was not meeting deadlines, attending meetings, or completing […]
