The United States and South Korea on Tuesday announced new North Korea sanctions related to thousands of IT workers, many operating in China and Russia, whose labors allegedly help fund weapons of mass destruction and missile programs, they said. One individual, Kim Sang Man, and the North Korea-based Chinyong Information Technology Cooperation Company were sanctioned…
US, South Korea Issue Fresh North Korea Sanctions on ‘Illicit’ IT Workforce
May 24, 2023
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Empire Co Tight-Lipped as IT Problems Affect Pharmacies at Sobeys and Other Stores
Empire Co. Ltd. remained tight-lipped Tuesday about computer system issues that are still impeding customers seeking prescriptions at some pharmacies it operates. The Nova Scotia-based company issued a brief statement Monday confirming that an “IT systems issue” affecting certain pharmacies has caused “technical difficulties” in filling prescriptions. Issues at Empire-operated pharmacies, including Sobeyspharmacies and Lawtons…
Rapid Cloud Expansion Making Businesses Vulnerable to Cyber-Attacks
March 24, 2022
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With businesses around the globe—especially in the United States, Canada, and Western Europe—bracing for potential cyber-attacks orchestrated by Russia or its hackers, a leading cyber security firm is warning most software upgrades are not adequately addressing the most vulnerable component of the “modern cyber-attack surface.” Most business security policies and resilience upgrades are focused on…
Here’s Why Morgan Stanley Sees Sharp Upside in This IT Company
Morgan Stanley analyst James Faucette reiterated his Overweight rating and $140 price target on Affirm Holdings Inc. The price target implies an upside of 87.5 percent. Faucette sees significant upside potential for its upcoming quarterly results. The analyst says the company benefits from meaningful partnerships and new features. The “encouraging” app downloads data and “broadly healthy e-commerce trends” support…
Cyber Attack Against U.S. IT Provider Forces Swedish Chain to Close 800 Stores
STOCKHOLM—The Swedish Coop grocery store chain closed all its 800 stores on Saturday after a ransomware attack on an American IT provider left it unable to operate its cash registers. Hundreds of American businesses were hit on Friday by an unusually sophisticated attack that hijacked widely used technology management software from a Miami-based supplier called…
ESports Opportunities Abound as Industry Booms
June 13, 2021
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In an ongoing phenomenon that has been quietly rising in popularity as well as profits, competitive gaming in the form of eSports is garnering the attention of top universities throughout the country. The trend is thanks, in part, to resulting growth in information technology and audio visual careers, as well as an explosion in eSports…
After Heart Attack, IT Worker’s ‘What Near Death Has Taught Me’ LinkedIn Post Goes Viral
After surviving a heart attack one Sunday afternoon, an overworked IT delivery lead decided this was the moment to reevaluate his priorities. He has penned a social media post, sharing the insights of his near-death experience with the world. “I’m restructuring my approach to work,” Jonathan Frostick, 45, wrote on LinkedIn,”life literally is too short.”…
Audit Finds ‘No Formal Tracking’ of IT Security Incidents at Public Safety Canada
OTTAWA—An internal review has uncovered weak security practices when it comes to information technology at Public Safety Canada—from lax controls on the use of portable flash drives to inadequate awareness and training. The review found employees who were no longer with the department “still had privileged access to the network” and that some current employees…
Boeing to Outsource IT Work to Dell, Eliminate 600 Jobs
SEATTLE—Boeing Co. has said it will outsource a significant amount of information technology work to Dell starting in April, including support of cloud services, databases and information technology. The move is expected to eliminate 600 jobs. Susan Doniz, vice president for information technology and data analytics for Boeing, told employees Thursday that the eliminated jobs…
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