China’s biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban. Regulators appear to worry that despite the 2013 ban on Chinese banks and other institutions handling cryptocurrencies, the state-run financial system might be indirectly […]
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As the world goes full steam ahead toward a digital economy, both the private and public sectors are looking to bolster their online capabilities across the board, and especially through digital identity verification. A new study from Juniper Research has found that spending on digital identity verification by businesses will reach $16.7 billion in 2026, […]
If your business falls victim to ransomware and you want simple advice on whether to pay the criminals, don’t expect much help from the U.S. government. The answer is apt to be: It depends. “It is the position of the U.S. government that we strongly discourage the payment of ransoms,” Eric Goldstein, a top cybersecurity […]
IBM on Tuesday unveiled one of Europe’s most powerful quantum computers in Germany, boosting the country’s efforts to stay in the race for what’s considered a key technology of the future. Quantum computers use subatomic particles to get around the limitations of traditional physics and perform calculations at far higher speeds than even the fastest […]
As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the cybercriminals. But the U.S. government also offers a little-noticed incentive for those who do pay: The ransoms may be tax deductible. The IRS offers no formal guidance on ransomware payments, but multiple tax experts interviewed by The […]
A software bug at a major network provider briefly knocked dozens of financial institutions, airlines and other companies across the globe offline during peak business hours in Asia. Akamai, which runs one of the internet’s main content-delivery systems, said the outage Thursday was not caused by a cyberattack, but rather a software bug on a […]
The standoff between the Indian government and Twitter escalated Wednesday when the country’s technology minister accused the social media giant of deliberately not complying with local laws. Technology Minister Ravi Shankar Prasad said Twitter has chosen “the path of deliberate defiance” when it comes to following new internet regulations that digital activists have said could […]
The Iranian government has adopted a new legislation that gives it the power to renationalize physical hardware and transmission equipment that make the country’s internet services infrastructure. “The government of Iran is taking full control of the country’s fixed internet infrastructure by hiving off the network assets of incumbent telco Telecommunication Company of Iran (TCI),” […]
A day after her interview for a part-time job at Target last year, Dana Anthony got an email informing her she didn’t make the cut. Anthony didn’t know why — a situation common to most job seekers at one point or another. But she also had no sense at all of how the interview had […]
Seeking to protect its image as a guardian of personal privacy, Apple maintains it was blindsided and handcuffed by a Trump administration probe that resulted in the company handing over phone data from two Democratic congressmen. Apple delivered its version of events Friday in response to news reports detailing the U.S. Justice Department’s aggressive attempts […]