Tag: Tech

Shocking Twitter hack this summer started with tech support scam, New York regulators allege

The hackers who took over a number of high profile Twitter accounts, including those belonging to Barack Obama and Elon Musk, for several hours this summer gained entry into Twitter’s internal systems simply by posing as company IT officials making a support call, according to an investigative report Wednesday by New York regulators.



Barack Obama, Joe Biden, Elon Musk, Kim Kardashian are posing for a picture: From left clockwise, Barack Obama, Elon Musk, Kim Kardashian and Joe Biden


© Getty Images/AP
From left clockwise, Barack Obama, Elon Musk, Kim Kardashian and Joe Biden

At the time of the July 15 attack, Twitter had no chief information security officer and suffered from poor internal security controls, the report concluded.

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Officials behind the report called for additional cybersecurity regulation of major tech platforms.

“In other industries that are deemed critical infrastructure, such as telecommunications, utilities, and finance, we have established regulators and regulations to ensure that the public interest is protected,” said the report from New York’s Department of Financial Services. “With respect to cybersecurity,

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Tech stocks bolster Wall Street after mixed bank results

(Reuters) – Wall Street’s main indexes edged higher on Wednesday, supported by technology stocks, as investors parsed through a mixed bag of quarterly earnings reports from major U.S. banks.

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson

Goldman Sachs gained 0.6% as strength in its trading business helped quarterly profit surge 94%. Bank of America slipped 2.5% after it missed revenue estimates and Wells Fargo shed 3% as its profit fell short of forecasts.

The S&P 500 banks index ticked 0.2% lower.

Analysts expect earnings for the financial sector to slump 12.1% in the third quarter from a year earlier, while overall S&P 500 companies are expected to report a 19.6% drop in earnings,

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Billion-Dollar Fines Don’t Hurt Tech Giants, Ex-EU Enforcer Says

(Bloomberg) — Silicon Valley is more worried about being forced to change how it does business than mega antitrust fines, according to the European Union official who pushed through landmark decisions against Microsoft Corp., Intel Corp. and Google.



a close up of a cage: Light trails from network switches illuminate fiber optic cables, center, and copper Ethernet cables inside a communications room at an office in London, U.K., on Monday, May 21, 2018. The Department of Culture, Media and Sport will work with the Home Office to publish a white paper later this year setting out legislation, according to a statement, which will also seek to force tech giants to reveal how they target abusive and illegal online material posted by users.


© Bloomberg
Light trails from network switches illuminate fiber optic cables, center, and copper Ethernet cables inside a communications room at an office in London, U.K., on Monday, May 21, 2018. The Department of Culture, Media and Sport will work with the Home Office to publish a white paper later this year setting out legislation, according to a statement, which will also seek to force tech giants to reveal how they target abusive and illegal online material posted by users.

While a 1.06 billion-euro ($1.2 billion) fine for Intel in 2009 sent a “big message” to tech giants, levying such costs isn’t the most important thing regulators can do, said Cecilio Madero

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2 Tech Stocks to Buy Before the Next Surge

These days TSX tech stocks provide investors with some of their biggest growth. So it’s crucial you have at least some exposure to these stocks, as missing out could lead you to underperform the market severely.



Wireless technology


© Provided by The Motley Fool
Wireless technology

With so many tech stocks doing such similar and complicated things, for the average investor to understand, it can be difficult to decide which stocks you want to invest in.

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That’s why, first and foremost, you must understand the business. If you can’t explain how a company makes its money, then there is no way you can adequately tell if the stock has value today or whether it’s a good investment.

And although it’s crucial to have exposure to tech stocks, many of these companies are higher risk. So unless you have a tonne of conviction for a certain tech stock, I would generally

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7 Big Tech Stocks to Buy For Blockchain And Crypto Exposure

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Following the creation of the first cryptocurrency Bitcoin (BTC) in 2009, other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP), followed suit to bring further attention to blockchain technology.

But there’s a lot of potential for the blockchain. According to recent research led by Vida J. Morkunas of Lulea University of Technology, Sweden and published by the Kelly School of Business, Indiana University:

“Emerging technologies regularly serve as enabling forces for economic, social, and business transformation.. [B]lockchain placed among the top five technology trends in 2018… Therefore, blockchain is predicted to challenge existing business models and offer opportunities for new value creation.”

As you probably know, the blockchain is a public digital ledger and a record-keeping technology. All transactions that have written in blocks are immutable, and information can never be erased. Furthermore, they are transparent to all parties in

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Augury taps $55M for tech that predicts machine faults from vibration, sound and temperature

On the heels of Amazon about to launch a new enterprise service to detect whether a machine is working well or not based on external physical changes in sound, vibration and temperature, a startup that has already built a big business in the space is announcing a big growth round of funding.

Augury, which works with large enterprises like Colgate and Heineken to maintain machines in their production and distribution lines, has raised $55 million in funding. Co-founder and CEO Saar Yoskovitz said in an interview that the funding will be used to expand the services that it provides to customers, as well as to build out its global customer base, and the ecosystem of companies that it works with so that it can expand the kinds of customers it targets to include smaller businesses and scale-ups.

The Series D is being led by Qumra Capital, a late-stage VC firm

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Menlo Micro, a startup bringing semiconductor tech to the humble switch, is ready for its closeup

Sixteen years ago a group of material scientists and engineers at General Electric banded together to reinvent the circuit breaker. Now, Menlo Microsystems, the spinoff commercializing that technology, is ready to bring its revolutionary new switches to market, with huge implications for everything from 5G technologies to quantum computing.

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Based in Irvine, Calif., Menlo Micro takes its name from the Menlo Park, NJ research lab where Thomas Edison patented the first light switch back in 1893 and the company’s ties to GE run deep.

Researchers at GE spent more than a decade working internally on Menlo Micro’s core technology, a novel process that applies semiconductor manufacturing techniques to the production of micro electro-mechanical systems, before spinning it out into a new business five years ago.

Using a novel alloy, Menlo Micro is able to reduce the size of the switches it makes to 50 microns by 50 microns,

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Worried About a Stock Market Crash? Buy These Recession-Proof Tech Stocks

Sure, the stock market is booming now, but remember that it was also booming in January of this year — right before the quickest market crash of all time. Meanwhile, Congress is at an impasse on a new stimulus deal, even though leading Federal Reserve officials are pleading for more fiscal help.

A sudden market turnaround isn’t out of the realm of possibility. You can prepare for it and reduce your risk by investing in recession-resistant businesses. Investing in recession-proof stocks lets you sleep well at night and hold for the long-term, no matter what craziness is going on in the real economy. While no stock is 100% immune to the real economy, some companies have better business models for dealing with downturns, even in the high-flying technology sector.

Some recession-resistant companies offer needed goods or services that must be bought in good times and bad. Others cater to a

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Manhattan Emptied Out During the Pandemic. But Big Tech Is Moving In.

Facebook has just leased enough new office space in Manhattan to nearly triple its current local work force, including at one of the city’s most iconic buildings, the 107-year-old former main post office complex near Pennsylvania Station.

Apple, which set up its first office in New York a decade ago, is expanding to another building in Manhattan. And Google and Amazon are stitching together corporate campuses in the city more quickly than anywhere else in the world. Amazon paid roughly $1 billion in March for the iconic Lord & Taylor building on Fifth Avenue.

Despite a pandemic that has ravaged New York, hollowed out many of its office buildings and raised fundamental questions about its future, the four companies collectively known as Big Tech are all significantly expanding their footprint in the city, giving it a badly needed vote of confidence.

With fears that the virus could spike again in

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ItelliFest 2020 – a good example of the virtual tech event experience

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Last week, itelligence UK ran four days of virtual sessions in its effort to turn the annual in-person event into something useful for customers and potential customers. Dubbed itelliFest, it worked out pretty well although, for me, the experience was exhausting.  

Unlike my colleague Jon Reed, I’ve tended to eschew virtual events following the catastrophic cluster that was SAPPHIRENow 2020. At best, my attention span runs 90 minutes these days, hardly conducive to a vendor demanding my attention over a full day. But then ever it was so.

Even with in-person events, I stopped physically attending keynotes years ago as more firms live streamed. Why bother getting crushed or worse still shepherded to specific ‘reserved’ seating when I could get an aerial view from the flying cameras coupled to on the ground backchannel Tweet commentary while still enjoying a cuppa in my hotel room jammies? Attending a near non-stop

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