Retaliation not on the cards, say analysts, after western cyberattack on Roscosmos April 12, 2022 Russia’s space agency has reportedly been on the receiving end of a cyber-attack, with ransomware born out of its own country. As claims swirled last month, Roscosmos boss and Putin ally Dmitry Rogozin diffused statements made by the group of hackers, calling them “scammers and petty swindlers”. “All our space activity control centers are operating [...]
Zuck Bucks coming next month: Facebook’s Meta plotting its own money offering via crypto launch, NFTs and small business loans April 12, 2022 Meta, the owner of social media giant Facebook, is plotting to bring its own digital currency to the market, Zuck Bucks, named after its founder Mark Zuckerberg. In addition, the company is reportedly also looking to launch a number of traditional banking services, such as providing small business loans. Zuck Bucks will not be a [...]
Cybersecurity: Opportunities – and Challenges – for UK TMT M&A April 12, 2022 | City Talk Cybersecurity is expected to be the biggest challenge and opportunity facing technology, media, and telecommunication (TMT) mergers and acquisitions professionals (M&A) in 2022, according to new research by Datasite, which surveyed 200 senior UK M&A professionals. The survey found that 54% of UK CEOs and 46% of senior M&A professionals said that cybersecurity presents the best [...]
Nokia exits Russian market following Ericsson’s lead April 12, 2022 Nokia has announced it will be going one step further than its rival Ericsson and will fully pull out of the Russian market.
Hostile Twitter takeover rumours grow as Elon Musk boasts he can grow stake ‘at any time’ April 12, 2022 The richest man in the world, Elon Musk, has fuelled rumours he will attempt a hostile takeover of Twitter, after saying he can boost his stake in the site “at any time”. The billionaire entrepreneur who runs Tesla and Space X became the social media giant’s main shareholder last week, but rejected an invitation to [...]
Fake friends: Impersonation Instagram scams sky rocket by 155 per cent April 12, 2022 New data published this morning has revealed that Instagram has seen a 155 per cent spike in impersonation fraud in the past year as the scam wars continue to plague social media. According to research from Lloyds Bank, the uplift in tricksters can be contrasted with falling levels across Facebook and Snapchat, which were down [...]
Silicon Valley forced to become copycats as TikTok set to triple ad revenue to £8.4bn April 11, 2022 Chinese powerhouse TikTok is on track to dwarf its US rivals this year, with advertising revenue set to triple to more than $11bn (£8.4bn)
EU regulators set to whack Apple Music with another antitrust charge April 11, 2022 European regulators are set to whack Apple Music with an additional anti-trust charge following Spotify's complaints about the tech giant distorting competition in the market.
Elon Musk turns down Twitter board after asking 80m followers: ‘Is it dying?’ April 11, 2022 Elon Musk, the man behind Tesla and SpaceX, has turned down a spot on Twitter’s board, after being revealed as the platform’s majority shareholder. New Twitter CEO Parag Agrawal confirmed this morning: “Elon has decided not to join our board. “I believe this is for the best.” Musk was due to step onto the board [...]
Apple under spotlight amid spying claims April 10, 2022 The UK’s information watchdog is investigating Apple following whistleblower claims that the Silicon Valley giant had gained access to employee information via their mobile phones. Former senior Apple engineer Ashley Gjøvik filed a complaint to the UK Data Protection Information Commissioner’s Office (ICO) which suggested the iPhone maker used unlawful data collection processes over “years [...]