Tag: Briefly

Hungarian Banks, Telecoms Services Briefly Hit by Cyber Attack: Magyar Telekom | Technology News

BUDAPEST (Reuters) – Some Hungarian banking and telecommunication services were briefly disrupted by a powerful cyber attack on Thursday launched from computer servers in Russia, China and Vietnam, telecoms firm Magyar Telekom

said on Saturday.

The event was a distributed-denial-of-service (DDoS) attack, a cyber attack in which hackers attempt to flood a network with unusually high volumes of data traffic in order to paralyse it.

The volume of data traffic in the attack was 10 times higher than the amount usually seen in DDoS events, the company said.

“That means that this was one of the biggest hacker attacks in Hungary ever, both in its size and complexity,” it said.

“Russian, Chinese and Vietnamese hackers tried to launch a DDoS attack against Hungarian financial institutions, but they tried to overwhelm the networks of Magyar Telekom as well,” the company added in a statement.

The attack, which took place in several

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Dow Briefly Turns Positive As Stocks Recover Some Losses

Topline

The market fell sharply on Thursday morning as tech stocks continued to struggle, but pared back losses as shares of companies that would benefit from a reopening of the economy rebounded.

Key Facts

The Dow Jones Industrial Average reversed course after dropping nearly 400 points on Thursday morning: The index is now down only 0.1%.

The S&P 500 and tech-heavy Nasdaq Composite also pared back some of their losses, falling 0.6% and 1.1%, respectively.

Stocks failed to rally despite slightly better-than-expected jobs data: Another 860,000 people filed for weekly unemployment benefits, less than the 875,000 expected.

Tech stocks, which were the source of the sell-off earlier this month, again dragged the market lower as shares of Apple, Alphabet, Microsoft and Facebook all fell more than 1%.

Shares of companies that would benefit from a reopening of the economy—including airlines,

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Facebook Refuses to Comment on Celebrity Boycott after Millions Briefly Wiped from Stock

Facebook has declined to comment after a rush of high-profile celebrities joined the Stop Hate for Profit boycott movement this week.

The Mark Zuckerberg-led social network is facing renewed pressure from the coalition of civil rights groups behind the anti-hate campaign, which this week gained support from Kim Kardashian West, Sacha Baron Cohen, Mark Ruffalo and many more.

When asked what impact the proposed freeze on uploads to Facebook and Instagram would have on the platform, a spokesperson did not acknowledge the question but sent back a list of “resources with the important steps we’ve taken on these issues.”

The campaign has called for a “one-day moratorium” on uploads to protest what it calls Facebook’s “repeated failures to address hate speech and election disinformation.”

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“I can’t sit by and stay silent while these platforms continue to allow the spreading of hate, propaganda and misinformation,” Kardashian West

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