The investigating appears to focus on Cambridge Analytica’s financial dealings. As per a New Yorks Times report, the FBI and the U.S. Justice Department are investigating Cambridge Analytica, the now-defunct political data firm that was embroiled in a massive scandal over its handling of Facebook Inc user data. Prosecutors are wanting to question former Cambridge…
Recent incidents of crash with Tesla electric cars and the departure of senior executives from the company together with the production problems has forced company CEO and founder Elon Musk to announce that the company was undergoing a “thorough reorganization” to tackle the problems. Musk reportedly told this to his employees. In an email to…
While multiple online platforms are trying to delete Islamic State online propaganda, the militant organization’s supports are using the Internet Archive to bypass those efforts according to a study. The extremist group used two hidden forums and the report examined hundreds of thousands of links that were posted there. In the last two years, both…
Although Mexico does not use SWIFT, which was earlier compromised by hackers, the cyber punks were able to exploit vulnerabilities in its SPEI system and transfer funds to fake accounts which were emptied by their accomplices. According to two sources close to the investigation at hand, hackers have managed to siphon off hundreds of millions…
Investors and operators of digital currencies who want to do transactions with digital currencies will have to register with Thailand’s SEC, the sole authority for regulating digital assets, within 90 days. On Tuesday, Thailand’s Securities and Exchange Commission’s chief stated it expects to issue regulations on cryptocurrencies and initial coin offerings (ICO) by the end…
Foxconn Technology Group, a key iPhone assembler, reported less than expected January-March earnings primarily because of a small – 3%, enhancement in shipments of Apple’s smartphones in the aforesaid quarter. The Taiwanese company noted a 14.5% decrease in its net profits y-o-y at $809.8 million in the quarter. This was the lowest first quarter income…
The multibillion-dollar for the proposed takeover of Xerox by Japan’s Fujifilm is being stopped by the former, the company said. The proposed deal was bitterly opposed by activist investors Carl Icahn and Darwin Deason with whom the iconic US printer and copier company has made struck agreement, accounted the company in a statement on Sunday.…
The attempt of digitization of the European Union would crucially depend on ensuring cyber security and the fast development of IT skills, believes the European Commissioner for Digital Economy and Society – Mariya Gabriel. “Security is a top priority for European citizens, but digitization adds one more dimension to it — cyber security,” Gabriel said…
As per a study conducted by the United Nations, adopting blockchain technology could potentially boost the turnover of importers and exporters by 44% while slashing their cost by up to 31%. On Monday, in a significant development, HSBC Holdings Plc disclosed it has successfully completed the world’s first trade finance transaction using blockchain technology. The…
An attempt by the U.S. authorities to tax big businesses has brought to unlikely foes together – Amazon and organized labor in Seattle. Some leaders in Seattle have expressed their desire to charge large employers for every employee of them working in Seattle keeping in mind the housing crisis being faced in America’s prosperous cities.…
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