Facebook parent Meta Platforms said on Tuesday it had filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and gain access to their online financial accounts. The lawsuit, which is the first joint complaint between Meta and a financial services company, alleged that…
Meta, Chime File Lawsuit Against Alleged Phishing Scam on Facebook, Instagram
February 10, 2022
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AUKUS Partners Call on Organisations to Bolster Cyber Defences Against Ransomware
February 9, 2022
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Australia, U.S., and UK authorities have issued guidelines encouraging individuals and organizations to reinforce their cyber defences against global ransomware threats, cyber criminals-for-hire, and attacks on critical infrastructure. The joint advisory was published on Feb. 9 from the U.S.’s Federal Bureau of Investigation, National Security Agency, and the Cybersecurity and Infrastructure Security Agency (CISA), along…
Foreign Interference Ruled out in Australian PM’s WeChat Saga: Home Affairs
February 9, 2022
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Home Affairs officials have said there is no evidence supporting claims that Australian Prime Minister Scott Morrison’s WeChat account was hacked or subject to foreign interference. Senator Kristina Keneally, Australian Labor Party (ALP)’s home affairs spokeswoman who sought a departmental briefing over Morrison’s WeChat account, told the Labor caucus on Monday that there was no evidence…
Solar Storm Dooms 40 SpaceX Internet Satellites
Elon Musk’s satellite internet service Starlink was hammered by a geomagnetic storm last week, causing them to de-orbit or crash back to earth, according to a SpaceX post on Tuesday. “Unfortunately, the satellites deployed on Thursday were significantly impacted by a geomagnetic storm on Friday. These storms cause the atmosphere to warm and atmospheric density…
Wall Street Opens Higher on Big Tech Boost
U.S. stock indexes opened higher on Wednesday, with high-growth stocks rising as a recent rally in Treasury yields paused, while investors took comfort from upbeat earnings reports and signs of easing tensions in Ukraine. The Dow Jones Industrial Average rose 152.12 points, or 0.43 percent, at the open to 35,614.90. The S&P 500 opened higher…
Start-Up Scene Trumping University Sector As ‘Path of Prosperity’ for Australia: Tech Star
February 8, 2022
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In response to the Australian government’s $2 billion drive to transform university research into profitable endeavours, Steve Baxter, tech investor and star of reality TV series Shark Tank, said the focus should instead be on the country’s burgeoning start-up scene rather than tertiary sector. Australian Prime Minister Scott Morrison, in late January, announced the AU$2.2…
Heritage Foundation Roadmap Would Bar Big Tech From Joint Ventures with CCP-Linked Firms
A former Facebook counter-terrorism expert who is now a Heritage Foundation technology scholar has a “roadmap” of “aggressive reforms to ensure that Big Tech is held accountable, provide scrutiny and oversight, and constrain its ability to reshape society.” Kara Frederick told The Epoch Times Feb. 8 that she researched and developed her report—”Combatting Big Tech’s…
‘Instagram Kids Must End Permanently,’ Religious Leaders Plead With Zuckerberg
February 8, 2022
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Over 75 religious leaders from a variety of faiths have sent a letter to Meta CEO Mark Zuckerberg calling for scrapping the plan to introduce an Instagram version targeting kids under the age of 13, citing emotional, physical, and spiritual damages. “It may be tempting to ride the wave of cultural commodification and optimistically tout…
Meta Stock Crash Undermines Zuckerberg’s Fortune
Mark Zuckerberg has suffered a massive setback to his personal wealth, after a recent Meta Industries (formerly Facebook) stock disaster caused shares of the social media network to plummet. The damage occurred after Facebook released an underwhelming revenue forecast on Thursday, when Meta’s market cap shedded $232 billion dollars, falling from $879 billion on Wednesday…
Twitter-Funded Social Media Project Bluesky Adds Jack Dorsey to Board
Bluesky, a Twitter Inc-funded project that is seeking to rebuild how social media companies operate, said on Monday Twitter co-founder and former chief executive Jack Dorsey will join the company’s board. Bluesky is working to build a technology that would allow different social media companies to operate on the same standard, which would enable developers…
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