Following a network-wide outage at Orange for several hours, France has tasked its cybersecurity watchdog to conduct an audit of the network. In a statement, Orange’s CEO Stephane Richard said, he was launching an internal inquiry into the disruption the results of which would be ready within seven days. In a letter to the head…
The large majority of cryptocurrency firms are not meeting Britain’s anti-money laundering and financing rules, said the country’s financial watchdog warning that an unprecedented number of them have withdrawn applications to register with it. In a statement, the Financial Conduct Authority (FCA) said, it would extend the date of its temporary registrations regime from July…
A number of Western brands have been accused in China of selling products that could cause harm to children. 81 items imported by companies including Nike, H&M and Zara were listed in a warning notice on the customs administration website of the country. With a growing international backlash over claims of abuses in the cotton-growing…
A third director nominated by hedge fund Engine No. 1 was elected to the governing board of the United States based energy giant Exxon Mobil Corp by the company’s shareholders which further added on to the two directors who were appointed by investors of one of the America’s top energy corporations to the company’s board…
On Friday, a German IT company that serves many cooperative banks said, it was experiencing continued distributed denial-of-service (DDoS) attacks throughout the night. In a statement, “Fiducia & GAD IT AG said, the DDoS attacks started on Thursday morning, shutting down or hindering the websites of some cooperative banks in parts of the country”. While…
In a significant development, in a statement the Governor of Wyoming said, TerraPower LLC, a company owned by Bill Gates, and PacifiCorp have selected the state to build their first Natrium reactor project on the site of a retiring coal plant. TerraPower is an advanced nuclear reactor company founded by Gates around 15 years ago; PacifiCorp,…
In a significant development, the European Union government and parliament negotiators have reached a landmark deal which defines rules to force large multinational companies to disclose the quantum of revenue they generate in the country and pay tax accordingly in the 27-nation bloc. The new law, which was proposed by the European Commission in 2016,…
In a statement the U.S. Justice Department said, it had seized two Internet domains names which had been used in spear-phishing attacks that mimicked the email communications from the U.S. Agency for International Development. Armed with a court order, the Justice Department seized two command-and-control (C2) and malware distribution domains on May 28. The domain…
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