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U.S. Government Accountability Office Reveals Data Breach Affecting 6,000 Employees

A data breach that affected over 6,000 current and former workers was revealed by the U.S. Government Accountability Office GAO and was reported by CG

A data breach that affected over 6,000 current and former workers was revealed by the U.S. Government Accountability Office GAO and was reported by CGI Federal, a division of CGI Inc. The hack last month revealed names, social security numbers, addresses, and some financial information of workers between 2007 and 2017. Although the hack used a weakness in an outside platform, particulars have not been made public. Renowned for its cybersecurity services, CGI government has contracts with many government agencies, including IT protection. The FBI and the cybersecurity organisation in charge of safeguarding government networks have yet to respond to requests for comment. Read More..

B2B Tech News | 1 years ago          

Generative AI and Deepfakes Fuel Surge in Romance Scams, Tenable Report Finds

Cybersecurity professionals advise with great caution as Valentines Day draws near romantic scams are common in India, where an astounding 66% of peop

Cybersecurity professionals advise with great caution as Valentines Day draws near romantic scams are common in India, where an astounding 66% of people fall prey to online dating fraud. In 2023, 43% fell for AI speech frauds, which cost 83% of their money. Tenables analysis reveals how con artists combine conventional methods with cuttingedge technology, such as deepfakes and generative AI. The majority, 69%, find distinguishing between natural and synthetic voices difficult. Celebrity impersonations are becoming more common, especially with older audiences. Unknowingly, social media sites like Facebook help to spread these frauds. Tenables Chris Boyd advises being cautious, particularly in private interactions when security is at risk. Older widows and other vulnerable people are often targeted. To counteract these ruthless manipulations, the study emphasises closely examining requests for funding and doublechecking media sources. Read More..

B2B Tech News | 1 years ago          

Unico Housing Finance Chooses Oracle Cloud Infrastructure for Innovative Housing Loan Technology

Oracle Cloud Infrastructure OCI and Unico Housing Finance in India have teamed to simplify home financing options for underprivileged populations. OCI

Oracle Cloud Infrastructure OCI and Unico Housing Finance in India have teamed to simplify home financing options for underprivileged populations. OCIs sturdiness, security, and scalability complement Unicos goal of expediting house loan approvals and filling the gap in the affordable housing market. Unico will use OCI services such as Oracle Base Database, Autonomous Data Warehouse, and Analytics Cloud to improve productivity and data security. OCIs CEO Babu Vellingiri emphasised the companys tenacity in fulfilling requests for home loans. Oracles package, which includes Fusion Cloud Financials and FLEXCUBE, helps Unico achieve its growth goals. Oracle Indias Shailender Kumar stressed the importance of OCI in facilitating safe and economical operations, which supports Unicos goal of fulfilling the dreams of underprivileged people to become homes. Read More..

B2B Tech News | 1 years ago          

Nvidia CEO Urges Countries to Develop Own AI Infrastructure for Economic Growth

CEO of Nvidia, Jensen Huang, stressed that each nation must build its Artificial Intelligence AI infrastructure to maximise economic potential and pre

CEO of Nvidia, Jensen Huang, stressed that each nation must build its Artificial Intelligence AI infrastructure to maximise economic potential and preserve cultural purity. While speaking at the World Government Summit in Dubai, Huang stated that relying on others for AI infrastructure is not feasible. As a leading manufacturer of highend AI processors, Nvidia wants to democratise access to AI by advancing practical computing. Citing the effective regulation of other revolutionary technologies, Huang advised nations to proactively construct AI infrastructure and reject irrational worries about AI challenges. Huang neglected to mention the limitations that the US placed on Nvidias ability to export AI chips. On February 21, Nvidia is scheduled to release its fourthquarter earnings. Read More..

B2B Tech News | 1 years ago          

Capgemini Forecasts Slower Revenue Growth for 2024 Amid Soft Market Conditions

According to French IT consultancy giant Capgemini, the first half of 2024 is expected to see weaker revenue growth. Despite these circumstances, CEO

According to French IT consultancy giant Capgemini, the first half of 2024 is expected to see weaker revenue growth. Despite these circumstances, CEO Aiman Ezzat voiced confidence in the companys potential to improve performance. Capgemini projects an operating profit margin of between 13.3% and 13.6% for the year, with flat to 3% sales growth in constant currency. The companys 2023 fullyear sales of €22.52 billion increased 4.4%, although it still fell short of its projected growth of 4%–7%. Revenue for the fourth quarter was €5.62 billion, a 0.2% decrease at constant exchange rates. Compared to the prior year, the companys employment shrank by 5% to 340,400 people. The board recommended a dividend of €3.40 per share for 2023. Read More..

B2B Tech News | 1 years ago          

European Union Advances Efforts to Support Ukraine with New Law on Frozen Assets

To help finance Ukraines rehabilitation, the European Union agreed on a regulation on Monday to handle windfall earnings from assets held by the Russi

To help finance Ukraines rehabilitation, the European Union agreed on a regulation on Monday to handle windfall earnings from assets held by the Russian central bank that had been blocked. After Russia invaded Ukraine, the EU and G7 froze assets worth over 300 billion euros, and discussions on their use lasted for more than a year. The new rule requires separate processing of income from Russian assets. It forbids Central Securities Depositaries CSDs, such as Euroclear, from utilising net earnings. In line with the G7 position, this action is to provide an estimated 15 billion euros over a fouryear period to aid in rehabilitating Ukraine. While the Kremlin has not yet responded, Ukrainian authorities applauded the decision. They urged bold and swift actions for practical use. Read More..

B2B Tech News | 1 years ago          

BYD Plans to Establish EV Factory in Mexico, Eyes U.S. Market Access

According to Nikkei, Chinas BYD Co Ltd is about to open a new electric vehicle EV facility in Mexico to act as an export centre to the United States.

According to Nikkei, Chinas BYD Co Ltd is about to open a new electric vehicle EV facility in Mexico to act as an export centre to the United States. Due to its proximity to the U.S. market, BYD, the worlds largest EV manufacturer by sales surpassed by Tesla Inc., considers Mexico a critical location. Despite its current concentration on the Chinese market, BYD actively seeks worldwide growth to support its goals of building operations abroad and increasing Chinese exports. Mexicos thriving automobile industry, closely linked to the American industry, makes it a suitable location. BYDs action aligns with its aspirations to make investments in Latin America, including a sizeable one in the northeastern part of Brazil. Read More..

B2B Tech News | 1 years ago          

Walmart in Talks to Acquire Vizio for Over $2 Billion, Eyeing TV Market Domination

Walmart is purportedly in talks to pay more than $2 billion to purchase the intelligent television company Vizio, which would give them a commanding p

Walmart is purportedly in talks to pay more than $2 billion to purchase the intelligent television company Vizio, which would give them a commanding position of over 20 per cent of the American television market. The deal may benefit Walmarts advertising company since it can display adverts to its large consumer base by utilising Vizios reach and shopper data. Walmarts acquisition aligns with its aim to concentrate on selling advertisements on its properties since its ad company, Connect, has been expanding quickly and brought in around $3 billion in sales last year. Additionally, if it owned Vizio, Walmart could increase its influence in the TV industry since it would have access to its active user base and software platform company. The conclusion of a transaction is up to William Wang, CEO of Vizio, and the negotiations are still underway. Read More..

B2B Tech News | 1 years ago          



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