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 »
Cybersecurity giant CrowdStrike says its recent software update has caused a massive global tech outage, impacting some 8.5 million Microsoft devices worldwide. While still affecting less than one per cent of all Windows computers in use, the incident has significantly impacted several vital sectors, demonstrating how far-reaching modern digital infrastructure can be. In a blog… 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 »
Microsoft has signed a settlement with cloud providers after a two-year dispute over its licensing practices, The agreement, which brokered recently with the cloud association CISPE (which is backed by Amazon, Microsoft’s rival), is intended to lead EU regulators to drop an antitrust complaint they filed against Microsoft. CISPE’s Secretary General, Francisco Mingorance, expressed optimism… Read more »
Global technology consulting and digital solutions company Tech Mahindra has partnered with Microsoft to build an employee experience platform using generative AI. Such a transformation can impact productivity for those working from anywhere. The partnership focuses on the deployment of Copilot for Microsoft 365, establishing Tech Mahindra as a leading Global Systems Integrator (GSI), embracing… Read more »
The Australian Government has disclosed plans to establish a highly secure cloud service for its intelligence agencies in a $2 billion partnership with US technology firm Amazon. This advanced platform, scheduled for completion by the end of the decade, is designed to boost information-sharing capabilities within Australia’s security sector. The Guardian reported that deputy prime… Read more »
Alibaba Cloud has announced the imminent closure of its data centre operations in Australia and India – a move that contradicts its previous assurances to The Register about the stability of its Australian presence. The Chinese cloud giant recently disclosed this decision, framing it as part of a broader infrastructure strategy update. In a statement,… Read more »
AWS plans to substantially enhance its support for startups utilising its cloud infrastructure in response to escalating competition in the AI services sector, particularly from Microsoft. According to CNBC, AWS will double the value of credits offered to certain startups through its Activate program. Starting this July, startups that have recently secured Series A funding… 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 »