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Xerox Confirms Cybersecurity Incident at XBS, Assures No Impact on Corporate Systems

Xerox has acknowledged that XBS, one of its subsidiaries, was the target of a cyberattack that may have involved the theft of personal data. The ranso

Xerox has acknowledged that XBS, one of its subsidiaries, was the target of a cyberattack that may have involved the theft of personal data. The ransomware group INC declared last week that they were behind the attack on the business, which made over $7 billion in revenue in 2022. According to Xerox, the event did not impact XBS operations or the companys corporate systems, data, or activities. A preliminary assessment, however, points to the possibility that some personal data within the XBS environment was compromised. Xerox intends to contact everyone impacted by the issue and is conducting a comprehensive investigation in collaboration with outside cybersecurity experts. Read More..

B2B Tech News | 2 years ago          

Indian Enforcement Directorate Conducts Raids on Shinebay Technology and Mpurse Services

On December 21, Shinebay Technology India Private Limited STIPL and Mpurse Services Private Limited MSPL, businesses "owned and controlled" by Chinese

On December 21, Shinebay Technology India Private Limited STIPL and Mpurse Services Private Limited MSPL, businesses "owned and controlled" by Chinese nationals, were the targets of new searches carried out by the Enforcement Directorate ED in India. The searches are part of an investigation into money laundering by companies that use mobile applications to lend money and engage in actions including harassing borrowers, charging outrageous interest rates, and gaining unauthorised access to their personal information. According to the ED, the Chinese nationals used experts such as chartered accountants, attorneys, and sham directors to construct a sophisticated network of fintech businesses and NBFCs in India. During the searches, cash and papers containing evidence of guilt were found. Read More..

B2B Tech News | 2 years ago          

Montana Appeals U.S. Judges Decision to Block TikTok Ban

Montana is contesting the ruling of a U.S. court that struck down the states TikTok prohibition. U.S. District Judge Donald Molloy granted a prelimina

Montana is contesting the ruling of a U.S. court that struck down the states TikTok prohibition. U.S. District Judge Donald Molloy granted a preliminary injunction in November to prevent the ban, which was scheduled to go into effect on January 1. He cited constitutional issues and an overreach by the state. The state legislature, concerned about user data privacy and possible Chinese eavesdropping, had authorised the prohibition. Montanan TikTok users have also sued the platform to overturn the restriction. While other states and the federal government have prohibited using TikTok on equipment controlled by the government, Montana has advocated for an allout ban on the app. Read More..

B2B Tech News | 2 years ago          

Bank of Korea Governor Expresses Concerns Over Financial Risks Amid Prolonged Tightening

Governor of the Bank of Korea Rhee Changyong voiced worries about the financial dangers associated with extended monetary tightening, noting a struggl

Governor of the Bank of Korea Rhee Changyong voiced worries about the financial dangers associated with extended monetary tightening, noting a struggling builders recent problems as a "warning sign." As South Korea approaches the conclusion of its attempts to control consumer prices, Rhee emphasises the necessity for the proper policy mix while maintaining that managing inflation remains a top concern. He cited concerns about the quality of commercial real estate loans and the debt restructuring of a midsized local developer as red flags. Following market trepidation over Taeyoung Engineering & Constructions debt restructuring, Rhee promised liquidity support. The central banks projection of a gradual return to its 2% objective by the end of 2024 is supported by South Koreas annual consumer inflation slowed to 3.2% in December. Read More..

B2B Tech News | 2 years ago          

Geely Automobile Aims for 1.9 Million Unit Sales in 2024, Eyes 13% Growth

The Chinese automaker Geely Automobile Holdings Ltd. has set a sales volume target of 1.9 million units for 2024, a 13% increase over its total sales

The Chinese automaker Geely Automobile Holdings Ltd. has set a sales volume target of 1.9 million units for 2024, a 13% increase over its total sales in 2023. Although precise numbers were not given, the business also declared that its sales volume objective for new energy vehicles would be exceeded by over 66% compared to the entire sales volume attained in 2023. Geely sold 1,686,516 cars in 2023, an increase of 18% over the year before. Compared to the same period in 2022, the sales volumes in December 2023 increased by 3%. In terms of sales, Geely is the secondbiggest carmaker in China. Read More..

B2B Tech News | 2 years ago          

Indian SUV Market Thrives in December, While Small Car Sales Face Decline

Sports Utility Vehicles SUVs saw a rise in sales in India in December, but sales of compact cars fell even with steep discounts. Mahindra & Mahindra a

Sports Utility Vehicles SUVs saw a rise in sales in India in December, but sales of compact cars fell even with steep discounts. Mahindra & Mahindra and Maruti Suzuki announced yearoveryear increases in domestic SUV sales of 39% and 24%, respectively. The SUV market grew due to the desire for luxury cars, which catered to a wealthier clientele less impacted by price increases. Maruti increased discounts on its entrylevel automobiles due to insufficient demand, despite automakers usually offering higher discounts at yearend. Sales of compact vehicles, such as the Alto and Baleno, decreased by 29%. Read More..

B2B Tech News | 2 years ago          

Celsius Network Gets Approval to Pivot to Bitcoin Mining from Bankruptcy Plan

Celsius Networks transition to bitcoin mining has been authorised by U.S. Bankruptcy Judge Martin Glenn, enabling the cryptocurrency lender to depart

Celsius Networks transition to bitcoin mining has been authorised by U.S. Bankruptcy Judge Martin Glenn, enabling the cryptocurrency lender to depart from its initial bankruptcy plan. Following the SECs rejection of Celsiuss first proposal to receive fees for crypto transaction validation, a decision was made. With this change, Celsius will no longer work with some outside bidders and will instead hand control over to U.S. Bitcoin Corp, a mining firm. Despite arguments for a second vote from creditors and the DOJs bankruptcy monitor, the court finally authorised the arrangement, with Celsius hoping to emerge from bankruptcy in early 2024. Reactions to the decision have been divided. Read More..

B2B Tech News | 2 years ago          

SEIDA, Chinese Startup, Aims to Challenge Global Dominance in OPC Technology

Former Siemens EDA workers created the Chinese business SEIDA to end the foreign monopoly on optical proximity correction OPC technology, which is nec

Former Siemens EDA workers created the Chinese business SEIDA to end the foreign monopoly on optical proximity correction OPC technology, which is necessary for creating cuttingedge microchips. With the support of investors such as Semiconductor Manufacturing International Corp SMIC, the business aims to dominate the OPC market worldwide. As Beijing steps in its attempts to attain selfreliance in chip technology, this action highlights the difficulties in limiting Chinas access to crucial semiconductor design tools. The competition between the United States and China for technological superiority in the semiconductor business is brought to light by SEIDAs concentration on OPC, a technology dominated by Western corporations. Read More..

B2B Tech News | 2 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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