For startups and investors in the UK, news of the sudden closure of the UK arm of SVB Financial Group (SVB) has been a devastating blow. SVB, one of the largest venture capital and funding companies, shut down its London office without warning to existing clients, and without any explanation. The UK government is now… Continue reading contagion shuts
Category: government
contagion shuts
The sudden and unexpected news of the UK-based arm of Silicon Valley Bank (SVB) closing its doors has left the financial and tech world in a state of shock. The U.S. based banking institution opened its first UK office in 2013, and only a decade later, it will now be winding down operations, leaving many… Continue reading contagion shuts
Congress rolls out new bill allowing nationwide TikTok ban
Earlier this week, the US Congress rolled out a new bill that would allow the government to potentially ban the popular social media app, TikTok, from being used nationwide. This move follows increasing concern over the potential security risks that the app poses. The looming ban is just the latest development in a legal saga… Continue reading Congress rolls out new bill allowing nationwide TikTok ban
US government warns Royal ransomware is targeting critical infrastructure
The United States government has issued a stark warning to citizens that a powerful ransomware threat has been identified targeting key infrastructure in the country, ranging from government services to utilities and healthcare. The ransomware, dubbed “Royal” by security researchers, has been identified as a highly sophisticated and destructive form of malicious software that can… Continue reading US government warns Royal ransomware is targeting critical infrastructure
These are the biggest French startups in 2023 according to the French government
The French government has identified the top French startups to watch in 2023 as part of their ongoing efforts to spur innovation and drive economic growth. These young companies are expected to revolutionize the business landscape, as they are poised to become the next Big Thing in the French market. First among them is internet… Continue reading These are the biggest French startups in 2023 according to the French government
GermanyRIP Kremlin-loyal
In wake of the recent announcement of Germany’s plan to send tanks to Ukraine to fight against Russian separatists, the Kremlin-loyal hacktivist group known as the “Cyber Spetsnaz” have instigated a round of large-scale Distributed Denial of Service (DDoS) attacks against Germany. The group has already successfully disrupted the websites of 30 of Germany’s most… Continue reading GermanyRIP Kremlin-loyal
China Is Sorry a Spy Balloon Ended Up in Montana but Swears It’s Not a Spy Balloon
Recently, the Chinese government has apologized for a flying object which crash landed in Montana, USA. The mysterious object, which sparked speculation of espionage, has been identified as a research vessel, but the Chinese government has since offered an apology for the misunderstanding. The balloon-shaped object was discovered in a rural area near the US-Canada… Continue reading China Is Sorry a Spy Balloon Ended Up in Montana but Swears It’s Not a Spy Balloon
Russia is blocking encrypted email startup Skiff
On Tuesday, March 16th, Russian authorities blocked access to encrypted email startup Skiff. This is just the latest effort by the Kremlin to gain greater control over digital communications within the country. Skiff is a secure email system developed by Parus Technology, which was founded by a group of security professionals from Moscow. The company… Continue reading Russia is blocking encrypted email startup Skiff
GermanyRIP Kremlin-loyal
In recent days, a massive cyber attack has been inflicted on one of Europe’s leading economic powers: Germany. Dubbed “#GermanyRIP,” the attack was perpetrated by Kremlin-loyal hacktivists in retaliation for the German government’s decision to give tanks and other military equipment to the Ukrainian government. According to reports, the attack caused widespread outages of several… Continue reading GermanyRIP Kremlin-loyal
Elon Musk’s Twitter is caving to government censorship, just like he promised
In recent years, billionaire entrepreneur Elon Musk’s Twitter account has become one of the most followed accounts on the platform. Unfortunately, it appears that the popular account is now being censored by the government. Over the past few years, Musk has used his platform to talk about a variety of topics, ranging fromSpaceX and Tesla… Continue reading Elon Musk’s Twitter is caving to government censorship, just like he promised