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BlackBerry surpasses revenue expectations, driven by cybersecurity demand
Jun 27,2024
BlackBerry surpassed expectations for Q1 revenue by reporting$144 million, exceeding the estimated$134.1 million by analysts. The Canadian firm credits this achievement to a strong demand for cybersecurity services in response to rising online threat...
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Evolve Bank cyberattack exposes customer data and prompts US federal response
Jun 27,2024
Arkansas-based Evolve Bank and Trust confirmed a cyberattack that led to customer data being leaked on the dark web. The cybercrime group Lockbit 3.0 claimed responsibility for the hack, demanding a ransom from the Federal Reserve. The bank has invol...
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Helsing in talks for $500 million funding, poised to become Europe's top AI defence startup
Jun 27,2024
European defence technology startup Helsing is currently in negotiations to secure nearly$500 million from investors in Silicon Valley, including Accel and Lightspeed Venture Partners, amounting to$4.5 billion. This valuation marks a significant incr...
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Reddit's new rules for AI and content use
Jun 26,2024
Reddit has announced updates to its Robots Exclusion Protocol (robots.txt file), which regulates automated web bot access to websites. Traditionally used to allow search engines to index site content, the protocol now faces challenges with AI-driven ...
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AI protections included in new Hollywood worker's contracts
Jun 26,2024
The International Alliance of Theatrical Stage Employees (IATSE) has reached a tentative three-year agreement with major Hollywood studios, including Disney and Netflix. The deal promises significant pay hikes and protections against the misuse of AI...
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Levi Strauss & Co reports data breach affecting 72,000 customers
Jun 26,2024
Levi Strauss & Co, the renowned manufacturer of Levi's denim jeans, recently disclosed a data breach incident in a notification submitted to the Office of the Maine Attorney General. The company revealed that on June 13, it detected an unusual su...
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Privacy concerns intensify as Big Tech announce new AI-enhanced functionalities
Jun 26,2024
Apple, Microsoft, and Google are spearheading a technological revolution with their vision of AI smartphones and computers. These advanced devices aim to automate tasks like photo editing and sending birthday wishes, promising a seamless user experie...
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CLTR urges UK government to create formal system for managing AI misuse and malfunctions
Jun 26,2024
The UK should implement a system to log misuse and malfunctions in AI to keep ministers informed of alarming incidents, according to a report by the Centre for Long-Term Resilience (CLTR). The think tank, which focuses on responses to unforeseen cris...
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Central banks urged to embrace AI
Jun 25,2024
The Bank for International Settlements (BIS) has advised central banks to harness the benefits of AI while cautioning against its use in replacing human decision-makers. In its first comprehensive report on AI, the BIS highlighted the technology's po...
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Oracle warns of significant financial impact from potential US TikTok ban
Jun 25,2024
Oracle has cautioned investors that a potential US ban on TikTok could negatively impact its financial results. A new law signed by President Biden in April could make it illegal for Oracle to provide internet hosting services to TikTok unless its Ch...
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Millions of Americans impacted by debt collector data breach
Jun 25,2024
A massive data breach has hit Financial Business and Consumer Solutions (FBCS), a debt collection agency, affecting millions of Americans. Initially reported in February 2024, the breach was found to have exposed the personal information of around 1....
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USA scrutinise China Mobile, China Telecom, and China Unicom
Jun 25,2024
The Biden administration is scrutinising China Mobile, China Telecom, and China Unicom over concerns that these firms could misuse their access to American data through their US cloud and internet businesses. The Commerce Department is leading the in...
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