Microsoft’s internal database contains description of vulnerabilities of its widely used products, including its Windows operating system. This treasure trove of critical information, guarded by just a password, was accessed by hackers in 2013. According to 5 former employees of Microsoft, a highly sophisticated group of hackers had managed to break into Microsoft’s network security…
Japan’s No. 3 steelmaker is likely to face an onslaught of legal action, possibly even class-action lawsuits, over the falsification of data in its products which have affected nearly 500 companies. On Tuesday, Japan’s Kobe Steel Ltd has disclosed that U.S. authorities have requested access to the company’s documents related to tis data cheating scandal.…
Read further on why investors including Bain Capital, Digital Currency Group and others are taking basecoin so seriously. U.S. investors, including the Digital Currency Group, have taken part in a pre-sale of basecoin, a crypto-currency which will be created by three Princeton University computer science graduates,Intangible Labs CEO and co-founder Nader Al-Naji. The other investors…
While earlier the hack was attributed to Russian hackers, The Time has reported citing intelligence assessments that the Iranians were behind the attack. On Saturday, The Times newspaper reported citing intelligence assessment of the incident that Iran had carried out a cyber attack on British lawmakers earlier this year. The news comes at a time…
Despite a brilliant performance in the third quarter, Samsung Electronics, the South Korean conglomerate is facing a vacuum in its top leadership which presents a never before opportunity for new generation leaders. On Friday, in a shocking revelation, Kwon Oh-hyun, Samsung Electronics Co Ltd’s CEO and Vice Chairman said he plans on stepping down from…
Starting off with its spring-summer collection, animal fur in its clothing would be stopped beinig used by the luxury fashion brand Gucci from next year. During the 2017 Kering Talk at the London College of Fashion, this the fur-free policy on Wednesday was announced by Marco Bizzarri, the Italian firm’s president and CEO of the…
By signing a 210 million euro ($249 million)deal to buy large parts of insolvent Air Berlin, Lufthansa reinforced its position as Germany’s largest airline on Thursday. To quickly expand its Eurowings budget business, Lufthansa plans to use the Air Berlin assets. Reaching their highest level in nearly 17 years, Lufthansa shares up more than 3…
The hacker had managed to breach the defenses and had downloaded nearly 30GB of data related to military hardware, including smart bombs, Joint Strike Fighter, naval vessels, P-8 Poseidon surveillance plane and other military hardware, over the course of 5 months. On Thursday, Australia’s defense ministry disclosed that a hacker had managed to breach its…
Marking a return to its investment banking roots as trading revenue slows, and by pitching creative deals to big, complex clients, Goldman Sachs Group Inc is betting it can get its money-making mojo back. Media reports quoting sources said that focused on generating compelling deal ideas for companies like Warren Buffett’s conglomerate Berkshire Hathaway Inc…
Deepening a rift amid sanctions on the OPEC-member country Venezuela, the fifth largest U.S. buyer of Venezuelan crude, PBF Energy, has halted direct purchases from state-run oil company PDVSA, reported the media citing four sources. PDVSA owes bondholders $1.2 billion in debt payments due this month and further disagreements could spell new hardships for it even…
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