Chinese regulators have clamped down on the country’s largest ride-hailing app, Didi Global Inc., days after its shares began trading in New York. Authorities told Didi to stop new registrations and ordered its app removed from China’s app stores pending a cybersecurity review. The government said it was acting to prevent security risks and protect […]
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Cybersecurity teams worked feverishly Sunday to stem the impact of the single biggest global ransomware attack on record, with some details emerging about how the Russia-linked gang responsible breached the company whose software was the conduit. An affiliate of the notorious REvil gang, best known for extorting $11 million from the meat-processor JBS after a […]
In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how much cyber […]
Didi Global Inc., a Chinese ride-hailing service, gained 1% Wednesday in its highly anticipated U.S. stock market debut, giving up most of a early double-digit gain. The Beijing-headquartered company’s initial public offering of 288 million shares was priced at $14 a share and opened at $16.65, up 16%. The shares closed at $14.14. Prior to […]
Japanese technology company SoftBank denies it’s pulling the plug on its friendly, talking, bubble-headed Pepper robot. “There is absolutely no change to our Pepper business,” SoftBank Robotics Corp. spokesperson Ai Kitamura said Wednesday. Pepper, introduced seven years ago, is centered around a rentals business, and production is regularly adjusted, the Tokyo-based company said. While production […]
Amazon’s AI-powered HR workforce suffered a malfunction on Monday, leading to it mistakenly firing a number of its Flex drivers, as the company’s independent contractors are placed under the control of a questionable system. Amazon Flex is a new Amazon service allowing individuals to deliver products. The e-commerce giant initiated the program back in 2015 […]
Popular Chinese grocery shopping app Dingdong has slashed its initial public offering by 74 percent on Monday, a mere three days following it’s rival MissFresh witnessed disappointing placements on Nasdaq. Many pundits and industry analysts have argued that the reason for Dingdong’s fall from grace is due to the cooling appetite of online grocery-based apps, […]
Microsoft has publicly released its long-anticipated windows software; Windows 11. To typical individuals with any windows functioning desktop or laptop, this is just another update released by tech titan Microsoft; however, to the PC community it is so much more than that. To its community, this new software means sleeker visual features, accessibility to third […]
A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants. U.S. District Judge James Boasberg ruled Monday that the lawsuits were “legally insufficient” and didn’t provide enough evidence to […]
A major wireless technology trade fair kicked off in Barcelona on Monday with scaled-back attendance and beefed-up health and safety measures, changes that reflect the new reality for industry conventions in the pandemic era. Mobile World Congress was canceled at the last minute last year because of COVID-19 concerns. Its 2021 revival makes it one […]