Broadcom acquires $10.7 billion stake in Symantec’s enterprise security portfolio

Broadcom is buying Symantec’s enterprise security business for $10.7 billion, the companies announced Thursday. The deal effectively splits Symantec in two, with Broadcom taking ownership of its entire enterprise security portfolio and the Symantec brand name. Symantec will retain its consumer-facing product portfolio, which includes the the LifeLock identity-protection brand and Norton antivirus software. The …

Amazon’s cloud computing business is slowing down

The company posted its second-quarter earnings today (July 25), and Amazon Web Services (AWS), its cloud-computing division, generated $8.3 billion in the quarter, a jump of more than 35% over the same quarter last year. Cloud services, a business Amazon originally entered to support its own infrastructure, has become incredibly fruitful for the online retailer. …

Couple loses tens of thousands in Bitcoin investment scam, cryptocurrency losses grow

Nick Yeomans and his wife Josie thought they had hit the jackpot when a Bitcoin investment they made tripled in six months. To the amateur investors, the cryptocurrency trader they had found, Coinexx.org, seemed too good to be true. Slowly, they poured more money into their account, and were met with greater returns. They convinced …

Mogadishu gets its first motorcycle hailing app

You can now hail a motorcycle service in the Somali capital, Mogadishu. The Go! app launched in the Indian Ocean city today (May 1) promising affordable and convenient options in the city’s bustling transport sector. The e-hailing service is starting out with 20 motorcycles, allowing customers to order their rides online or hail them on …

Google slapped with massive $1.7 billion fine by EU Antitrust Agency for Restricting Rivals’ Ads

Alphabet Inc.’s Google has been penalized yet again by European antitrust regulators, this time with a €1.49 billion ($1.7 billion) fine for limiting how some websites could display ads sold by its rivals. This marks the third billion-dollar penalty European regulators have imposed on the tech giant for hindering competition. The EU says that Google …

WinPot Malware could force infected ATMs to automatically dispense cash

Kaspersky Labs cybersecurity researchers have found an oddly amusing sample of ATM malware which turns financial theft into a slot machine-style game. On Tuesdaythe team explored the emergence of WinPot, an ATM hijacking malware family which first appeared in underground forums in March 2018. While simple in its core functionality, WinPot — named internally by …

Australia’s TPG Telecom dumps Huawei powered network due to ban

Australia’s TPG Telecom Ltd said on Tuesday it has abandoned building its mobile telephone network because it relied on Huawei Technologies Co Ltd equipment that has been banned by Australia’s government on security grounds. The nascent network is the first commercial casualty in Australia of the ban announced in August and comes as Western nations …