Just weeks before crypto lender Genesis filed for bankruptcy, three former employees of the company claimed they had secured millions of dollars for a new crypto hedge fund, according to correspondence viewed by CNBC. Matt Ballensweig, who left Genesis in September after more than five years at the firm, sent a message to a prospective
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Amazon’s cloud services division said Friday it plans to invest another $35 billion (roughly Rs. 2,83,400 crore) by 2040 to expand data centres in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin said AWS will establish multiple data centre campuses across Virginia. In 2021, AWS
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Jan 19, 2023Ravie LakshmananCryptocurrency / Money Laundering The U.S. Department of Justice (DoJ) on Wednesday announced the arrest of Anatoly Legkodymov (aka Gandalf and Tolik), the cofounder of Hong Kong-registered cryptocurrency exchange Bitzlato, for allegedly processing $700 million in illicit funds. The 40-year-old Russian national, who was arrested in Miami, was charged in a U.S.
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In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians outside Twitter headquarters in San Francisco on Oct. 6, 2022. David Paul | Bloomberg | Getty Images Twitter’s full-time headcount has dwindled to approximately 1,300 active, working employees, including fewer than 550 full-time engineers by title, according to internal records viewed by CNBC. Around
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An organization’s sensitive information is under constant threat. Identifying those security risks is critical to protecting that information. But some risks are bigger than others. Some mitigation options are more expensive than others. How do you make the right decision? Adopting a formal risk assessment process gives you the information you need to set priorities.
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The government on Friday made it mandatory for social media influencers to disclose their “material” interest in endorsing products and services and violations can attract strict legal action, including ban on endorsements. The regulations are part of continuing efforts to curb misleading advertisements as well protect the interests of consumers amid the expanding social influencer
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Jan 19, 2023Ravie LakshmananThreat Intelligence / Malware Cybercriminals are increasingly leveraging malicious LNK files as an initial access method to download and execute payloads such as Bumblebee, IcedID, and Qakbot. A recent study by cybersecurity experts has shown that it is possible to identify relationships between different threat actors by analyzing the metadata of malicious
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Twitter has about 2,300 active employees, Elon Musk said in a Tweet on Saturday. CNBC on Friday reported that Twitter’s full-time headcount has reduced to about 1,300 active, working employees, including fewer than 550 full-time engineers by title. About 75 of the company’s 1,300 employees are on leave including about 40 engineers, CNBC said, citing
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Information and Broadcasting Secretary Apurva Chandra made a strong pitch for Big tech aggregators to share a part of their revenue with publishers of digital news, who generate original content. In a message sent to the Digital News Publishers Association (DNPA) conference on Friday, Chandra said Australia, Canada, France and European Union have already taken
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Jan 20, 2023Ravie LakshmananData Protection / Privacy The Irish Data Protection Commission (DPC) on Thursday imposed fresh fines of €5.5 million against Meta’s WhatsApp for violating data protection laws when processing users’ personal information. At the heart of the ruling is an update to the messaging platform’s Terms of Service that was imposed in the
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Technology giant Apple has filed an appeal against an investigation by Britain’s competition watchdog into the dominance of its mobile browsers in the cloud gaming market. Last November, the Competition and Markets Authority (CMA), Britain’s competition regulator, launched a full investigation into cloud gaming and mobile browsers on concerns about restrictions by iPhone-maker Apple and
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