Sector

Russian Hackers Responsible for SolarWinds Attack Launch New Wave of Cyber Espionage Attacks

In December 2020, the world was shocked by the news of a massive cyberattack on SolarWinds, a leading IT management software provider. The attack, which was later attributed to Russian hackers, compromised the networks of numerous government agencies and private companies, including Microsoft, FireEye, and the US Department of Homeland Security. Now, it seems that the same group of hackers is back with a new wave of cyber espionage attacks.According to recent reports, the Russian hackers responsible for the SolarWinds attack have launched a new campaign targeting government agencies, think

The Government’s Proposed Changes to Provide Millions More Free Carbon Credits Explained

The government's proposed changes to provide millions more free carbon credits have been making headlines recently. The move is aimed at reducing greenhouse gas emissions and helping the country meet its climate change targets. In this article, we will explain what carbon credits are, how they work, and what the proposed changes mean for businesses and individuals.What are Carbon Credits?Carbon credits are a type of permit that allows businesses to emit a certain amount of greenhouse gases. One carbon credit is equal to one tonne of carbon dioxide (CO2) or

What are the Possible Market Implications of Trump’s Indictment?

Possible Market Implications of Trump's IndictmentThe possibility of former President Donald Trump being indicted has been a topic of discussion for some time now. While the legal implications of such an indictment are still unclear, it is important to consider the potential market implications of such an event.Firstly, it is important to note that the stock market does not always react to political events in a predictable manner. However, the uncertainty and instability that could arise from a Trump indictment could lead to market volatility. Investors may become hesitant to

US Space Force Seeks $700M Funding for Cybersecurity Measures Launch

The United States Space Force (USSF) is seeking $700 million in funding to bolster its cybersecurity measures. The request comes as the USSF faces increasing threats from foreign adversaries who seek to exploit vulnerabilities in the country's space-based infrastructure.The USSF was established in December 2019 as the sixth branch of the US military. Its mission is to protect US interests in space, including satellites, communication systems, and other critical infrastructure. As the reliance on space-based technology continues to grow, so does the need for robust cybersecurity measures to protect these

Exploring the Intersection of Quantum Technology and Economics: Insights from “Inside Scoop”

Quantum technology and economics may seem like two completely different fields, but they are actually becoming increasingly intertwined. The development of quantum technology has the potential to revolutionize the way we approach economic problems and create new opportunities for growth and innovation. In this article, we will explore the intersection of quantum technology and economics, drawing insights from the recent "Inside Scoop" event.The "Inside Scoop" event, hosted by the Quantum Economic Development Consortium (QED-C), brought together experts from both the quantum technology and economics fields to discuss the potential impact

Federal Reserve Acknowledges Inadequate Oversight of SVB Collapse

The Federal Reserve has recently acknowledged its inadequate oversight of the collapse of Silicon Valley Bank (SVB) in 2020. The collapse of SVB, a small California-based bank, was caused by a combination of factors, including poor management and risky lending practices. However, the Federal Reserve's failure to properly supervise the bank's operations also played a significant role in its downfall.SVB was a small bank with assets of around $500 million, making it a relatively minor player in the banking industry. However, it had a significant presence in the technology sector,

Federal Reserve Acknowledges Lack of Oversight in SVB Collapse

The Federal Reserve has recently acknowledged that it lacked proper oversight in the collapse of Silicon Valley Bank (SVB), a California-based bank that specializes in serving technology and venture capital firms. The collapse of SVB in 2020 was a significant event that sent shockwaves through the financial industry, and the Federal Reserve’s admission of its lack of oversight has raised concerns about the effectiveness of regulatory bodies in preventing similar collapses in the future.SVB was founded in 1983 and quickly became a prominent player in the technology banking sector. The

CISA’s Cybersecurity Advisory Committee Welcomes General Motors’ Chief Cybersecurity Officer as Appointee

The Cybersecurity and Infrastructure Security Agency (CISA) has recently welcomed Jeffrey Massimilla, the Chief Cybersecurity Officer of General Motors, as a member of its Cybersecurity Advisory Committee. This appointment is a significant move for CISA, as it brings in an industry leader with extensive experience in cybersecurity and automotive technology.The Cybersecurity Advisory Committee is a group of experts from various industries who provide advice and recommendations to CISA on matters related to cybersecurity. The committee's goal is to help CISA develop effective strategies and policies to protect critical infrastructure and

“Anticipated Fintech Statistics for 2023-2025: A Look at the Future of Financial Technology”

The financial technology industry, commonly known as fintech, has been growing rapidly in recent years. With the increasing adoption of digital technologies and the rise of mobile devices, fintech has become an integral part of the financial services sector. According to a report by Statista, the global fintech market is expected to reach $305 billion by 2025, with a compound annual growth rate (CAGR) of 22.17% from 2020 to 2025. In this article, we will take a closer look at some anticipated fintech statistics for 2023-2025 and what they mean

Starling Bank in the UK hires 1,000 tech employees for digital expansion

Starling Bank, a UK-based digital bank, has announced plans to hire 1,000 new tech employees as part of its digital expansion strategy. The move comes as the bank seeks to capitalize on the growing demand for online banking services and cement its position as a leading player in the UK fintech industry.The new hires will be spread across a range of roles, including software engineers, data scientists, and product designers. The bank has stated that it is looking for individuals with a passion for innovation and a desire to work

Starling Bank in UK expands its workforce by hiring 1,000 tech employees to boost digital services

Starling Bank, a UK-based digital bank, has announced its plans to hire 1,000 new tech employees in the coming months. The move is aimed at boosting the bank's digital services and expanding its customer base.The bank, which was founded in 2014, has grown rapidly in recent years, with over 2 million customers and £4 billion in deposits. It offers a range of digital banking services, including current accounts, savings accounts, and loans.The new hires will be focused on developing the bank's technology platform, including its mobile app and online banking