ByteDance explores sale of TikTok’s Indian operations

In a report, Bloomberg News said, China’s ByteDance is exploring the sale of TikTok’s Indian operations to rival Glance, a unicorn. Negotiations, initiated by Japan’s SoftBank Group Corp, early, private, and complex, said the report citing sources people familiar with the matter at hand. InMobi’s short-video app Roposo has gained more market share in India after…

SolarWinds hack was the largest and most sophisticated cyber attack to date: Microsoft president

In a statement, Microsoft Corp’s President Brad Smith said, the SolarWinds hacking campaign that used the U.S. tech company as a springboard to compromise many U.S. government agencies is “the largest and most sophisticated attack the world has ever seen”. The hacking campaign, identified in December 2020, was allegedly orchestrated by China and Russia, had…

With Spain introducing digital tax on large tech companies, Amazon.com Inc hikes fees for Spanish users

Starting from April, Amazon.com Inc is set to raise fees by 3% for Spanish companies that use its platform. The development comes in the wake of the Spanish government imposing a digital tax on large tech companies. Confirming the so-called Google tax, a spokesman for Amazon said, after Spain begun charging a digital tax on…

Trump directs federal agencies to assess security risks from Chinese-made drones

U.S. President Donald Trump has signed an executive order directing U.S agencies to assess security risks linked to Chinese-made drones used by American government fleets, prioritizing their removal. The executive order directs all U.S. agencies to outline the security risks posed to the existing government drone fleet from drones built by Chinese companies or by…

Foxconn’s display unit in Vietnam becomes operational: Vietnamese government

In a statement the Vietnamese government said, Foxconn had commenced constructing a factory in the northern part of the country, to produce displays. The factory was scheduled to commence production after a year, said the Vietnamese government. Foxconn’s $26-million factory in Quang Ninh province has now produced its first batch of displays, said the government…

Brazil backs U.S.-led global alliance for Huawei-free 5G Network

In a significant development, the Brazilian government said it has backed Washington’s push to build a global alliance of Clean Network that excludes technology companies that are manipulated by governments including China’s Communist regime. The development came in the wake of Keith Krach, U.S. Under secretary of state for economic growth, energy and environment, advising…

North Korean hackers targeting global financial institutions: U.S. Govt cyber alert

In a significant development, the U.S. government has issued a warning saying, North Korean hackers are increasingly targeting banks around the globe for fraudulent money transfers; they are also targeting ATMs to illegally withdraw cash. The technical cyber security alert was jointly given by four different federal agencies, including the Treasury Department and FBI. They…

Hackers manage to access voice mails at Italy’s state-owned Monte dei Paschi bank

In a notice sent to customers by Italy’s state-owned bank Monte dei Paschi, hackers have managed to access the mailboxes of some employees, with the bank informing clients in the notice that on March 30 some messages with voice mail attachments had been sent as a result of the cyber attack. Incidentally, the notice did…

German Foreign Ministry restrict usage of Zoom over security concerns

According to two German Government sources, the German foreign ministry has imposed restrictions on the usage of Zoom video conferencing services to fixed-connection computers following security security concerns. According to a source, the decision is aimed at curbing the usage of Zoom on mobile devices; he went on to add, since the app does not…