Last week, an IT outage impacted approximately 8.5 million computer users worldwide, raising significant concerns about cyber resilience. Experts from Loughborough University responded to the incident, emphasizing the critical need for robust systems to prevent similar disruptions in the future. The outage serves as a stark reminder of vulnerabilities in our interconnected digital landscape. Loughborough’s […]
Nigeria imposes $220 million fine on Meta for data protection violations
Nigeria has recently levied a significant fine of $220 million against Meta, marking one of the largest penalties imposed by an African regulator on a global tech giant. This ruling stems from a thorough 38-month investigation by Nigeria’s National Information Technology Development Agency (NITDA), which unveiled serious shortcomings in Meta’s adherence to the nation’s Data […]
Gcore attracts $60 million investment for AI innovation
Gcore, a prominent player in the tech industry, has recently secured a substantial $60 million investment in Series A funding, aimed primarily at advancing their artificial intelligence (AI) innovations. This strategic move highlights the company’s commitment to enhancing its capabilities in AI, particularly in areas focused on providing efficient low latency solutions—an essential factor for […]
US Department of Commerce reports drop in illicit chip movements to Russia
The latest report from the US Department of Commerce indicates a significant decline in illicit computer chip movements to Russia. This trend is notable as it suggests the effectiveness of regulatory measures aimed at curbing illegal trading activities that have surged during geopolitical tensions. In recent months, scrutiny over illicit chip transport has intensified, with […]
Global IT outage prompts US congressional scrutiny, CrowdStrike CEO called to testify
In recent weeks, the United States Congress has turned its attention to a significant IT outage that disrupted operations across various sectors. This incident has raised urgent questions regarding national cybersecurity and the implications of relying heavily on a limited number of software services. Leading this inquiry is CrowdStrike, a prominent cybersecurity firm, whose CEO […]
Kakao founder arrested for stock manipulation
In a significant development within South Korea’s business landscape, Kim Beom-su, the founder of Kakao Corp, has been arrested on allegations of stock manipulation. This move has sent shockwaves through the technology and stock trading sectors, raising questions about corporate governance in one of Asia’s largest tech firms. The Seoul Southern District Court approved the […]
Europol predicts a surge in AI-assisted cybercrimes across the EU
Europol has recently issued a stark warning about the expected rise in AI-driven cybercrimes across the European Union. This alarming prediction highlights the transformation of cybercrime into a more accessible and potentially widespread threat, enabled by advancements in artificial intelligence. With the escalating sophistication of AI technologies, criminals now have tools at their disposal that […]
Grundon invests in AI for safer driving
Grundon Waste Management is making a significant investment in artificial intelligence (AI) aimed at enhancing driver safety and efficiency. With a commitment of £750,000 over three years, the company is set to implement cutting-edge technologies including Dual-Facing AI Dash Cams. These advanced monitoring systems not only provide real-time feedback to drivers but also aim to […]
Deloitte partners with Amazon to enhance global AI and data capabilities
Deloitte’s recent partnership with Amazon Web Services (AWS) marks a significant milestone in the business landscape, focusing on enhancing global capabilities in artificial intelligence (AI) and data analytics. This collaboration aims to establish an Innovation Lab designed to deliver industry-specific AI solutions, meeting the growing demand for customized business transformations. The partnership is set to […]
Italy seizes €121 million from Amazon’s logistic unit
Italy has sent shockwaves through the corporate world by seizing €121 million from Amazon’s logistics division. This action stems from allegations that Amazon Italia Transport utilized a sophisticated scheme to obscure tax liabilities, thereby gaining an unfair competitive edge in the Italian market. Such practices, often deemed as exploitation of legal loopholes, pose serious questions […]
