Google Cloud serverless projects are being used by a Latin American financially motivated threat group, codenamed FLUXROOT, to orchestrate credential phishing campaigns, the The Hacker News has reported. This event is not isolated, as numerous malefactors in cyberspace are exploiting cloud computing services for malicious objectives. Thus, IT and cybersecurity professionals are facing a pressing… Read more »
Multinational technology conglomerate Alphabet has beaten second-quarter revenue and profit analyst estimates. The company’s performance was driven by a rise in digital advertising sales and healthy demand for its cloud computing services, though it cautioned that capital expenses would remain high for the year. Reuters reported that the popularity of the Paris Olympics and elections… Read more »
Alphabet, the parent company of Google, is reportedly in advanced negotiations to acquire the cybersecurity startup Wiz for about $23 billion, according to sources familiar with the matter. If successful, this acquisition would be Alphabet’s largest to date and would signal a major strategic shift for the technology giant. Wiz is one of the fastest-growing… Read more »
The cloud computing sector has been on an impressive growth trajectory, with projections suggesting its market capitalisation will quadruple to a staggering $2.3 trillion by 2032. However, this rapid expansion comes with its own set of challenges. The market’s concentration among a few major players like AWS, Azure, and Google Cloud poses significant risks. A… Read more »
In a surge of activism highlighting the moral quagmire inside big tech, students and workers at Google and Amazon are coming together to protest their employers for becoming embroiled in a $1.2 billion dollar surveillance system development project for the Israeli government dubbed Project Nimbus. The project – which is believed to have included top-tier… Read more »
The cloud computing sector in Europe is under considerable regulatory review at the moment, particularly around the proposed cybersecurity certification scheme (EUCS) for cloud services, which is a major topic of industry conversations. Reuters has reported that this initiative has triggered discussions among stakeholders about how it might affect leading cloud service providers, as well… Read more »
Google has teamed up with NV Energy, an electric utility subsidiary of Warren Buffett-owned Berkshire Hathaway, in a groundbreaking deal that will see its Nevada data centres powered with cutting-edge geothermal electricity. Subject to regulatory approval by state utility regulators, the deal is set to nearly double the power output. This increase in carbon-free geothermal… Read more »
Multinational computer technology firm, Oracle, has unveiled details of its latest financial performance, fueled by its commitment to cloud computing and AI. The company’s higher-than-expected bookings and major cloud partnerships reflect continued progress in its efforts to challenge industry leaders like Amazon, Microsoft, and Google. Among the notable announcements was Oracle’s cloud partnership with OpenAI,… Read more »
Google has reached a significant milestone with the completion of its latest data centre and cloud region campus expansion in Singapore. This expansion brings the tech giant’s total investments in technical infrastructure in the country to a staggering US$5 billion, up from US$850 million in 2018. The company now employs over 500 people across its… Read more »
Business Insider reports that Microsoft is now reportedly reducing staff in the Azure cloud computing division, joining the growing layoffs that have roiled the tech and media space this year. Teams such as Azure for Operators and Mission Engineering will face hefty job cuts: some insiders report as many as 1,500 redundancies in Azure for… Read more »