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Data Breach in Britains Defence Department Payroll System Exposes Personal Information

The British Defence Department uses a payroll system, and on Monday, the BBC reported that there had been a data breach in that system. Specific priva

The British Defence Department uses a payroll system, and on Monday, the BBC reported that there had been a data breach in that system. Specific private data on the system—overseen by an outside contractor—was accessed without authorization. When the system was discovered, the Ministry of Defence quickly pulled it down. The hack revealed personal information on current and past members of the Royal Navy, Army, and Air Force, including names and bank account details, even though no operational Ministry of Defence data was stolen. Information on the breach may be provided to Members of Parliament on Tuesday in the Commons the Ministry of Defence has not yet responded to Reuters request for comment. Read More..

B2B Tech News | 18 days ago      

AWS to Invest $8.88 Billion in Singapore Cloud Computing Infrastructure Expansion

Over the next four years, Amazon Web Services AWS plans to invest S$12 billion, or around $8.88 billion, in extending its cloud computing infrastructu

Over the next four years, Amazon Web Services AWS plans to invest S$12 billion, or around $8.88 billion, in extending its cloud computing infrastructure in Singapore. This investment brings the total anticipated spending to over S$23 billion by 2028, supplementing the S$11.5 billion previously funded in the Asia Pacific Region till 2023. Additionally, AWS partnered with companies, public sector organisations, and the Singaporean government to hasten the nations adoption of generative AI and artificial intelligence AI. This project aims to strengthen Singapores standing as a regional centre for innovation. The announcement, which was announced at the AWS ASEAN Summit in Singapore, is a component of the companys larger plan to develop infrastructure hubs throughout Southeast Asia, including new investments in Malaysia and Thailand. Read More..

B2B Tech News | 18 days ago      

Deutsche Bank Shares Drop 4.9% on Potential Legal Liabilities

On Monday, premarket trading saw a 4.9% decrease in shares of Deutsche Bank due to disclosures on possible legal liability. The bank is facing the pos

On Monday, premarket trading saw a 4.9% decrease in shares of Deutsche Bank due to disclosures on possible legal liability. The bank is facing the possibility of a significant settlement related to a protracted legal dispute over its purchase of Postbank, valued at much to 1.3 billion euros $1.39 billion. The complaint claims that when Deutsche Bank acquired Postbank, the biggest lender in Germany, it made improper payments. This new news adds to the difficulties Deutsche Bank has been facing lately as it navigates several legal and financial crises. Premarket trading saw the banks share price decline due to investor fears stoked by the unpredictability surrounding the lawsuits result. Read More..

B2B Tech News | 27 days ago      

Televisa to Merge Sky with Izzi in Strategic Consolidation Move

Televisa intends to combine its cable TV and internet provider, Izzi, with its satellite TV division, Sky, to streamline operations and save costs. Th

Televisa intends to combine its cable TV and internet provider, Izzi, with its satellite TV division, Sky, to streamline operations and save costs. The units new leader, Francisco Valim, plans to simplify customer service, sales channels, and geographies. The integration will likely occur mainly between April and June. By the third quarter of 2024, 400 million Mexican pesos will have been saved in operational expenditures. Televisas recent decision to purchase AT&Ts share of Sky demonstrates the companys commitment to the merger despite setbacks like Skys notable losses in video subscribers. By making this change, Televisa could profit in the first quarter and reverse earlier losses. Read More..

B2B Tech News | 27 days ago      

Philips Reaches $1.1 Billion Settlement in US Ventilator Recall Lawsuits

A $1.1 billion settlement has been reached between Philips and the United States government to address personal injury claims relating to the worldwid

A $1.1 billion settlement has been reached between Philips and the United States government to address personal injury claims relating to the worldwide recall of ventilators used to treat sleep apnea. While resolving litigation uncertainty, the settlement makes no admission of responsibility. The companys market worth has dropped significantly due to having to cope with the ventilator recalls fallout for three years. The recall was brought about by worries that the foam would degrade and provide a risk of cancer along with reporting firstquarter profits above analyst forecasts with an 8% growth in core profit and steady adjusted earnings, Philips has also agreed with insurers about pay. Order intake was impacted by slower sales in China, although there was still a significant rise in profit. Read More..

B2B Tech News | 27 days ago      

Hyundai, Kia, and Baidu Join Forces to Develop Connected Car Technologies

On Sunday, Hyundai Motor and Kia Corp. announced they had inked a Memorandum of Understanding MoU with Baidu Inc. to collaborate on connected car tech

On Sunday, Hyundai Motor and Kia Corp. announced they had inked a Memorandum of Understanding MoU with Baidu Inc. to collaborate on connected car technology development. The car makers strategic decision to take advantage of Baidus resources and experience in artificial intelligence and connectivity technologies is reflected in this alliance. The partnership intends to improve the future capabilities of Hyundai and Kia vehicles by providing cuttingedge connection, navigation, and autonomous driving features and services. Hyundai and Kia are dedicated to supporting automotive innovation and providing their consumers with cuttingedge experiences by partnering with Baidu. Read More..

B2B Tech News | 27 days ago      

Huawei Unveils Pura 70 Series with Kirin 9010 Processor Amid US Sanctions

The Kirin 9010 CPU found in Huaweis most recent handsets, the Pura 70 series, indicates the companys continued development of cuttingedge semiconducto

The Kirin 9010 CPU found in Huaweis most recent handsets, the Pura 70 series, indicates the companys continued development of cuttingedge semiconductors in defiance of US sanctions. An Independent study has shown that the chip is an improved Kirin 9000s produced by Semiconductor Manufacturing International Corp. This action highlights Huaweis capacity to get around US export prohibitions and continue producing semiconductors. This trend is consistent with Huaweis comeback, especially in the Chinese market, where it faces off against Apple. Furthermore, despite reservations about its dual position as a supplier and competitor in the sector, Huaweis entry into intelligent vehicle technology with its Qiankun system represents its aim to diversify and become a key supplier to the automotive industry. Read More..

B2B Tech News | 27 days ago      

Apple to Unveil New iPad Pro with M4 Chip, Focused on AI Capabilities

With the upcoming release of the new iPad Pro, which will sport the M4 processor with an improved neural engine, anticipated later this year, Apple is

With the upcoming release of the new iPad Pro, which will sport the M4 processor with an improved neural engine, anticipated later this year, Apple is stepping up its AI hardware push. According to Mark Gurman of Bloomberg, Apples M4 processor will power the next iPad Pro and Macs, making it the companys main AIdriven gadget. Let Loose, an event on May 7 ahead of Apples Worldwide Developers Conference, offers a venue for the company to reveal its AI chip plan. Advanced capabilities are promised by the M4 processor with iPadOS 18s AI software and services. Although the A18 processor, which is AIfocused, is expected to be included in the iPhone 16 series, these goods arent AIdriven exclusively, which may be the result of a deliberate marketing strategy. Read More..

B2B Tech News | 27 days ago