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Hello tech fans! Today, we debut the Showmetech TRIO in text, coming with a selection of the three latest big news from the tech world, summarized for you every Monday. b6i72
This week, we're going to talk about the end of the business competitiveness truce between Google e Microsoft, which lasted five years, and which comes with many disputes over market regulations and antitrust policies. In the United States, President Joe Biden deals with a major investigation into Russian hackers, which are demanding a $70 million ransom for information stolen from 200 US companies. We also covered the historic $70 million fine that the financial services company Robinhood accepted to pay, and that arose from its failure to mediate transactions on the stock exchange, making poor decisions in relation to its consumers during sensitive moments in the market.
Russian Hackers Demand $70 Million Ransom 553f1v
On this first weekend of July, the Russian hacking group REVIL posted on his blog a ransom demand for US$70 million (about R$356 million) in bitcoin to release sensitive information from 200 US companies and hundreds of other institutions around the world. The attack was carried out from the invasion of a technology company in Miami, in the United States, Cashier. From this invasion, the systems of the client companies were invaded and the theft of information occurred. Other sources claim that the bailout would be US$50.000 (about R$253.000 at current prices) for smaller companies and US$5 million (or R$25 million) for large companies.
The attack caused, among other things, the closure of around 800 Swedish supermarkets over the weekend, with checkouts failing to function. The US President, Joe Biden, already ordered investigations by the country's intelligence agencies on Saturday, including the FBI. Despite the group's statements REVIL, Biden said there was no certainty about the authorship of the attacks or the Russian government's involvement in the attacks.
This year, the group has extorted $11 million from JBS, after rendering 20% of US meat production unusable with an intrusion into the company's system. Other invasions, such as the group DarkSide, in May, have already reached the point of causing problems in the gas supply on the east coast of the United States. So far, investigations continue, with no plans to pay the ransom to the hackers. according to FBI and other experts, despite the payment of ransoms speeding up the resolution of the problem, this does not guarantee that the data return will occur (as already recorded in the past), and the attitude tends to encourage groups to carry out the activity again.
Google and Microsoft intensify business dispute 3j1v2p
A Microsoft and Google, tech industry giants, ended their five-year truce with a renewal of hostilities. Shakes in the peace between companies could already be seen since 2020, when a proposal by Google to pay news publishers for published content was openly criticized by Microsoft. At the present time, Microsoft complains about unfair competition from Google, which complicates the situation of competitors in relation to ads in search engines.
O Search Ads 360, a content management platform made by Google to be used by marketers, would not be working well in the incorporation of ads by Bing, Microsoft's search engine. The indictment basically says that it is much more practical to purchase the services of Google than gives them Microsoft, which would be at a loss. Thus, the lack of integration between search tools from different companies with Google's encourages rs to prioritize it over any others.
Even conversations between Sundar Pichai, CEO of Google, and Satya Nadella, Microsoft's CEO, failed to resolve the issues. Interestingly, the entry of executives into the companies was one of the determining factors for the emergence of the truce. Even so, despite all the disputes in the business environment, there are still collaborations between companies in other areas, such as, for example, the integration of Android applications with Windows 11, announced recently, despite the process being mediated by the Amazon App Store.
Historic fine from Robinhood company 1d653s
A United States Financial Industry Regulatory Authority, or FINRA, announced last Wednesday that it would levy a fine of US$70 million (about R$356 million) from the Robinhood, a financial services and transactions company, due to problems in dealing with its s in times of instability on the stock exchange.
There is no specific information on which event triggered the fine, but it is speculated that the young man's suicide Alex Kearns, caused by misinformation ed to him by the company, has had a lot of influence on the matter. In the incident, a negative balance of more than US$700 thousand (about R$3,5 million) was shown to Alex, who was unable to communicate with the company to the error - which, apparently, has to do with margin operations, which involve covering s' bets with third-party money and whose improper charge would have caused the billing email to be triggered and the balance to be negative.
The use of algorithms to approve transactions and inactivity of the company's system in times of great market oscillation were also analyzed by the FINRA. When the company failed to report consumer complaints to the Regulatory Authority, it was sentenced to a fine of 57 million plus 12,6 million in refunds to customers. Despite not being the direct cause of the fine, the incident of the actions of the GameStop, at the beginning of the year, worsened the situation of the Robinhood, which limited the purchase of shares in the company when a large movement of s emerged, investing in it and several other companies in an organized way in a plan to destabilize the New York Stock Exchange.
and that was the Showmetech TRIO From this week!
Sources: The Verge | C | Net | Forbes | Bloomberg | El País
