Houseparty offers $1m reward amid claims of smear campaign March 31, 2020 Video chat app Houseparty today said it was offering a $1m (£809,000) reward for any evidence the company had been targeted by a commercial smear campaign. The online rumour mill has gone into overdrive in recent days, with social media users alleging that their email, Spotify and Netflix accounts had been hacked after downloading Houseparty. [...]
Huawei misses revenue target as US ban and coronavirus weigh March 31, 2020 Huawei has missed its revenue target for the full year as the impact of a US trade ban was compounded by the coronavirus outbreak. The Chinese tech giant posted revenue of 858.8bn yuan (£98bn) in 2019. This marked an increase of more than 19 per cent, but fell short of its target of $135bn (£109bn). [...]
Simple advice on avoiding financial scams March 31, 2020 | Sponsored With the consequences of a scam often going well beyond pure financial losses, it is essential that every colleague in your business knows how to spot the signs. Businesses have always been highly attractive targets for fraudsters. Why? Money and data – both the company’s and that of their customers and supply chain partners. That [...]
Criminals exploit technology so why can’t law enforcement? March 31, 2020 | Sponsored According to Helena Wood at the Royal United Services Institute (RUSI), the UK has been “sleepwalking” through the growth of economic crime, to a point where it is a systemic national security risk. But there is technology to take the fight to criminals. Fraud accounts for one in three of all allegations of crime and [...]
Sharing fake news about coronavirus should be an offence, says top Tory MP March 30, 2020 Sharing fake news related to the coronavirus outbreak on social media should be an offence, a top Tory MP said today. Damian Collins, former chair of the Digital, Culture, Media and Sport (DCMS) Select Committee, called for sanctions against organisations and individuals that were “maliciously, deliberately, and at scale pushing disinformation through social media networks”. [...]
Facebook unveils $100m support package for news industry March 30, 2020 Facebook today said it will invest $100m (£80.6m) to support the news industry as the coronavirus crisis decimates advertising revenue. The social media firm said $25m will be given as emergency grant funding for local news through the Facebook Journalism Project, while $75m will be granted as additional marketing spend for news organisations around the [...]
Tiger Global builds stake in Tiktok owner Bytedance March 30, 2020 Tiger Global Management is said to have built up a stake in Tiktok owner Bytedance as it looks to cash in on the growing popularity of the short-form video platform. The New York-based investment firm — also known as the Tiger Fund — revealed the stake in a letter to investors this week. Tiger Global [...]
Digital tax will unlock business productivity March 30, 2020 | Sponsored Unlocking UK business productivity, making it easier to get tax right and providing the catalyst needed to get UK business to adopt digital technologies; the goals of Making Tax Digital (MTD) are lofty. These are extremely difficult times for all of us and HMRC is committed to helping in every way possible all those businesses [...]
Why the future of Britain’s startups hangs in the balance March 30, 2020 Britain is blessed with one of the healthiest technology industries in the world. We are creating more tech unicorns – companies valued at over $1bn – than anywhere else in Europe. Globally, we are only behind giants America and China. Over the past decade, Britain created a veritable paddock of 63 unicorns. Our tech scene [...]
COVID-19 and cyber: Critical actions for employees and business to take now March 30, 2020 | City Talk Recent weeks have been challenging for us all on so many fronts. Most importantly businesses have had to prioritise the health of society whilst doing their very best to keep things on track. Each day has brought new challenges as employees rapidly adapt to new ways of working. How can businesses maintain operational resilience and [...]