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Cyber attacks are costing UK firms billions every year – ransom payments, staff overtime, and lost business are crippling victims
Cyber attacks are costing UK businesses £64 billion a year in ransom payments, staff overtime, lost business, and other associated costs. Research from cybersecurity firm ESET shows that 53% of UK businesses have fallen victim to at least one attack over the last year, with 43% saying that it’s had a long-term impact on business growth. The top three most…
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US lost record $16.6 billion to cybercrime in 2024
The FBI says cybercriminals have stolen a record $16,6 billion in 2024, marking an increase in losses of over 33% compared to the previous year. According to the bureau’s annual Internet Crime Complaint Center (IC3) report, IC3 recorded 859,532 complaints last year (256,256 with actual loss), amounting to an average loss of $19,372. The most impacted group is older Americans,…
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Scammers pose as FBI IC3 employees to ‘help’ recover lost funds
The FBI warns that scammers impersonating FBI Internet Crime Complaint Center (IC3) employees offer to “help” fraud victims recover money lost to other scammers. Over the last two years, between December 2023 and February 2025, the FBI said it has received over 100 reports of fraudsters using this tactic. “Complainants report initial contact from the scammers can vary. Some individuals received…
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IT workers are having to put out more fires than ever – and it’s costing employers thousands of dollars a year through lost productivity
Recurring tech issues mean IT professionals cost their employers an average of $7,800 a year in productivity losses, with some wasting 52 hours on troubleshooting alone. The average IT professional has to deal with 144 technical issues each year, according to a new report from Liquid Web, with each incident costing around $50 on average. Problems often show up as…
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US govt says Americans lost record $12.5 billion to fraud in 2024
The U.S. Federal Trade Commission (FTC) said today that Americans lost a record $12.5 billion to fraud last year, a 25% increase over the previous year. Consumers reported that investment scams resulted in the highest losses, totaling around $5.7 billion with a median loss of over $9,000 and exceeding all other fraud categories. The second largest reported loss was linked…
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Apple Has Lost Its Way with Apple Intelligence
Apple has long been a company that has embraced the latest trends with a slight pause, almost as if they’re waiting for the thing to be well built-out, before incorporating it into its products. This has been the case with most advancements in smartphones, for example. Dual cameras, OLED screens, high refresh rates, and almost everything else that Apple hailed…
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15 tech luminaries we lost in 2024 – Computerworld
Bell also co-founded what is now the Computer History Museum of Mountain View, California; established the ACM Gordon Bell Prize to honor innovations in high-performance computing; and was granted the National Medal of Technology and Innovation in 1991. He died at 89 from pneumonia. Lynn Conway: Breaking down barriers January 2, 1938 – June 9, 2024 While working at IBM…
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Cloudflare says it lost 55% of logs pushed to customers for 3.5 hours
Internet security giant Cloudflare announced that it lost 55% of all logs pushed to customers over a 3.5-hour period due to a bug in the log collection service on November 14, 2024. Cloudflare offers an extensive logging service to customers that allows them to monitor the traffic on their site and filter that traffic based on certain criteria. These logs…
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Forget the metaverse, AI is the money-spinner at Meta: Reality Labs lost $4.4 billion this quarter, but Mark Zuckerberg’s sharpened AI focus is delivering results – and there’s more to come with Llama 4 on the horizon
Meta posted strong financial results for the third quarter, indicating AI continues to be the company’s north star and driving significant revenue growth. The social media giant reported it generated $40.6 billion in sales, marking 19% year-on-year growth and outpaced analyst expectations that projected the company would only muster $40.19 billion in the quarter. Meta saw growth in user engagement,…
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Video game preservationists have lost a legal fight to study games remotely
Video games in the form of computer programs embodied in physical or downloaded formats that have been lawfully acquired as complete games, that do not require access to an external computer server for gameplay, and that are no longer reasonably available in the commercial marketplace, solely for the purpose of preservation of the game in a playable form by an…
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