Industry Minister Francois-Philippe Champagne says Canada only wants to deal with “trusted partners” in future artificial intelligence ventures. Champagne’s comments to The Canadian Press send a strong signal that the Canadian rejection of Chinese telecommunications giant Huawei as a 5G provider is at hand. The federal government has long delayed a decision on the companies that…
Champagne Says Canada Only Wants ‘Trusted’ AI Partners as Huawei Decision Looms
Crypto Market Nears $3 Trillion Milestone on Bitcoin and Ethereum Record Surge
November 9, 2021
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Cryptocurrency market capitalization neared the $3 trillion mark on Nov. 9 as the two biggest cryptocurrencies—Bitcoin and Ethereum—were trading just off their all-time highs, according to data from CoinMarketCap. Bitcoin surged past the $68,000 mark for the first time on Monday, briefly touching a record high of around $68,500, according to Coinbase, with the world’s…
Robinhood Says Email Addresses of 5 Million Customers Exposed in Security Breach
Robinhood Markets Inc. said on Monday a third party had obtained access to the email addresses of about five million of its customers. The fee-free broker said the full names of a different group of about two million people were also exposed in the breach, while 310 people had more personal information, including names, birth,…
SolarWinds Investors Sue Directors
SolarWinds Corp. investors prosecuted the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to the company, Reuters reports. The lawsuit named a mix of current and former directors as defendants. The investors alleged that the board failed to implement procedures to monitor cybersecurity risks. They sought damages and to reform…
Twitter Decries Plan To Remove Online Anonymity in Australia
Twitter has criticised a proposal made by Australian Prime Minister Scott Morrison to see social media users stripped of their anonymity. Last month, Morrison said that social media platforms refusal to identify users accused of crimes, such as defamation, would be liable for the comments made on their site. “Social media has become a coward’s…
South Australian Leader Says No Data Compromised in Contact Tracing Hack
November 8, 2021
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South Australian Premier Steven Marshall has reassured residents that no data was compromised after the state’s contact tracing app was hacked. “There has been no hacking or compromise of data on the mySA GOV app, and there has been no compromise of data that we use for our COVID check-in,” he told reporters. “What we…
Spy Campaign Targeting US Defense Sector Possibly Linked to China: Report
November 8, 2021
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A cyberespionage campaign that breached nine global agencies, including one in the United States, could have been perpetrated by a group with ties to the Chinese government. The campaign resulted in the theft of sensitive documents from an unnamed government agency between September and October, according to a report by Unit 42, a threat intelligence…
What Does Your Internet Provider Know About You?
Much attention has been paid to the pervasive surveillance consumers face from social media companies, but a recent study from the Federal Trade Commission (FTC) suggests that internet providers may know just as much, if not more, about their users. Differing from social media platforms and most other websites, internet service providers (ISPs) provide access…
Poor Report Cards Likely at China’s Big Tech After Regulatory Clampdown
November 8, 2021
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SHANGHAI—China’s biggest listed companies Tencent and Alibaba are expected to report a fall in profits and slowing revenue growth in the July–September quarter, hurt by the year-long regulatory clampdown that has upended its tech industry. Beijing has reasserted control over its once-freewheeling Internet sector, punishing well-known names for engaging in what were previously considered regular…
Japan’s SoftBank Sinks Into Losses Over China Investments
November 8, 2021
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TOKYO—SoftBank Group Corp. sank into red ink for the July-September period, dragged down by losses on its investments in China, the Japanese technology conglomerate said Monday. SoftBank reported a 397.9 billion yen ($3.5 billion) loss for the fiscal second quarter, compared to a 627 billion yen profit recorded the same period the previous year. Quarterly…
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