Expert warns cyber threats to worsen with tech advances

Technological advances like Artificial Intelligence, Internet of Things, Automatic Cards and others will throw up new challenges for cyber security and all countries must unite to foresee and combat them, a leading Israeli cyber security expert said. “The Internet was not designed for security, hence it is inherently insecure since everything is hackable. It is …

‘Norman’ cryptojacking malware hides and exploits the processing power of infected PCs

A newly-discovered form of cryptocurrency-mining malware is capable of remaining so well-hidden that researchers investigating it found that it had spread to almost every computer at a company that had become infected. Dubbed ‘Norman’ due to references in the backend of the malware, the cryptojacker has been detailed by cybersecurity researchers at Varonis. The Monero-cryptomining …

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. …

EU’s Galileo GPS satellites mysterious outage blamed on a technical incident

Galileo, the EU’s global navigation satellite system, has been down for four days, since July 11, following a mysterious outage. All Galileo satellites are still non-operational, at the time of writing. According to a service status page, 24 of the 26 Galileo satellites are listed as “not usable,” while the other two are listing a …

Cold reception to Facebook’s Libra, makes it willing to delay its cryptocurrency for a middle ground with regulators

Facebook is willing to delay its entrance into the cryptocurrency market to work with regulators, Facebook executive David Marcus said in prepared remarks ahead of Congressional hearings on Libra this week. Marcus’ statement is Facebook’s strongest indication yet of its desire to work with regulators on Libra’s development. The company knew Libra might be a …

Oath, the owner of AOL and Yahoo to pay $5 million to settle charges for violating children’s privacy law.

Oath, the owner of AOL and Yahoo, has agreed to pay about $5 million to settle charges from the New York attorney general that the media company’s online advertising business was violating a federal children’s privacy law. AOL, through its ad exchange, helped place targeted display ads on hundreds of websites that it knew were …