Crypto.com will be laying off about a fifth of its workforce in a second round of layoffs within six months, citing industry-wide issues, including FTX bankruptcy, in what looks like a trying period for the once-booming sector. Although the company “grew ambitiously at the start of 2022,” the “trajectory changed rapidly with a confluence of…
Prominent Exchange and Token Issuer Crypto.com Slashing 20 Percent of Workforce
Supreme Court’s Section 230 Case Could ‘Upend the Internet’, Google Claims
An upcoming decision in the U.S. Supreme Court case regarding online social media companies’ liability for content posted on their platforms could transform the internet for the worse, Google said in a court filing. The Supreme Court is scheduled to hear Gonzalez v. Google next month and answer important questions surrounding the scope of Section…
Supreme Court’s Section 230 Case Could ‘Upend the Internet’: Google
An upcoming decision in the U.S. Supreme Court case regarding online social media companies’ liability for content posted on their platforms could transform the internet for the worse, Google said in a court filing. The Supreme Court is scheduled to hear Gonzalez v. Google next month and answer important questions surrounding the scope of Section…
Red Team Hackers Crack 13,000 Department of Interior Passwords in 90 Minutes
A government team of hackers tasked with testing the Department of the Interior’s cyber vulnerabilities cracked more than 16 percent of the department’s 85,000 passwords in 90 minutes, a new report reveals. An unclassified Jan. 3 report (pdf) from the Inspector General for Audits, Inspections, and Evaluations found that the department’s password protection and use…
John Deere Signs Agreement to Let Farmers Repair Their Own Tractors
The American Farm Bureau Federation (AFBF) and John Deere have entered a memorandum of understanding (pdf) this week that will allow farmers to repair their own tractors purchased from the equipment manufacturing company. According to AFBF, the agreement addresses an issue that has been ongoing between farmers and the company in relation to farmers’ access…
Emotional Support Experiment With AI Chatbot Prompts Backlash
The co-founder of an online mental health support service is facing backlash for allegedly using an artificial intelligence (AI) chatbot to automate responses to users without their consent. Rob Morris, who started the Koko mental health forum when he was a graduate student at the Massachusetts Institute of Technology, posted about the experiment on Twitter…
France Fines TikTok $5.4 Million for Online Tracking Shortcomings
PARIS—France on Thursday fined TikTok 5 million euros ($5.4 million) for shortcomings linked to the short video platform’s handling of online tracking known as “cookies”, which the ByteDance-owned company said it had now addressed. French data protection watchdog CNIL said that its investigation only concerned the website tiktok.com and not the service’s much more heavily…
Samsung Reportedly Moves Its Top-of-the-Line Product Out of CES Venue to Avoid Intellectual Property Theft
Samsung Electronics exhibition hall at CES 2023 was different from previous years. The company did not display its top-of-the-line TV at the main venue of the Las Vegas Convention Center, reportedly to avoid being copied by Chinese companies. According to South Korean experts, Samsung’s tolerance for Chinese plagiarism has reached its limit, and advanced tech…
Twitter Says No Evidence New User Data Leaks Were Obtained via System Bug
Twitter Inc. said on Wednesday that there was no evidence that data recently being sold online was obtained by exploiting a vulnerability in the company’s systems. Twitter said the data of 5.4 million of the accounts had been compromised by a bug it discovered early last year, which it previously fixed and disclosed over the…
Hackers Hit Websites of Danish Central Bank, Other Banks
COPENHAGEN—Hackers have disrupted access to the websites of Denmark’s central bank and seven private banks in the country this week, according to the central bank and an IT firm that serves the industry. The websites of the central bank and Bankdata, a company that develops IT solutions for the financial industry, were hit by so-called…
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