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Federal Reserve targeted by ransomware gang: Claims of 33TB data theft
The Federal Reserve, the central banking system of the United States, is reportedly in negotiations with the ransomware gang LockBit following an alleged breach...
AI could displace more than 50% of banking jobs, according to new Citigroup report
In a recent report by Citigroup, the global investment firm has projected that artificial intelligence (AI) could lead to the displacement of more than...
VMWare revenue drops by $600 million but Broadcom assures investors growth plan is on track
In its first full quarter under Broadcom's ownership, VMware's revenue fell by $600 million, dropping to $2.7 billion. Despite this decline, Broadcom CEO Hock...
NYSE technical error sends stocks tumbling
A technical glitch at the New York Stock Exchange (NYSE) today caused several high-profile stocks to rapidly lose value before being halted from trading....
Google does the unthinkable – reportedly erasing a 125 billion dollar pension fund
It's reported that Google inadvertently erased the Google Cloud account of UniSuper, an Australian pension fund valued at approximately $125 billion. This error resulted...
Cancelling your credit card may not stop streaming service charges
Many consumers believe that changing their credit card can end unwanted recurring charges from streaming services. However, a lesser-known banking system, ensures these charges...
Zuckerberg shares his vision with investors and Meta stock tanks
In an era where instant gratification is often the norm, Meta CEO Mark Zuckerberg’s strategic pivot towards long-term, high-stakes investments in artificial intelligence (AI)...
COBOL: Shrinking pool of programmers. Infrastructure at risk. Can AI save us?
In an era where financial institutions handle trillions of transactions daily, the legacy programming language COBOL, which underpins much of this infrastructure, is facing...