The President of the United States, Joe Biden, and his Administration have unveiled sanctions against a Cryptocurrency exchange Suex OTC, SRO for its role in the recent ransomware attacks. Czech-based Suex reportedly facilitated illicit transactions for at least eight ransomware attacks. The sanctions block Suex’s access to all US Property and prohibit Americans from transacting with the company.
The Uttar Pradesh Government has plans to set up an “Electronic Park”, for electronics and accessories, near Yamuna Highway in Noida. Expecting an investment of ₹50,000 cr, the park will provide employment to many local youths, says Arun Vir Singh, CEO of Yamuna Industrial Development Authority. The park might be developed in either Sector 14 or 10, near Jewar Airport, on 250 acres of land.
Source: Hindustan Times
After reports that it had “failed to fix the platform’s ill effects”, Facebook has said that it has invested over $13B in user safety, and platform security since 2016. Now having 40,000 security professionals employed, compared to 10,000 five years ago, FB played down the bad effects that its app Instagram reportedly has on young users. Facebook said its AI has helped it block 3B fake accounts, and remove false information spread Covid-19 posts.
Source: Telegraph UK
Schneider Electric India has announced that it has signed a deal to enter into a distributor partnership with software firm AVEVA. The companies will extend this partnership to the greater India region, including Sri Lanka, Bangladesh, and Nepal. Through the partnership, Schneider Electric will use its community of system integrators to deliver AVEVA’s industrial automation suite. It will also upskill its system integrators on AVEVA’S software solutions.
Source: ET Energy World
Cyient has joined the TM Forum to drive digital transformation in the industry. It will also contribute to future-fit connectivity solutions, user experience, and network experience. The TM Forum is an international industry association, of reportedly 850 telco and tech members, that drives industry transformation through collaboration and innovation. Bharti Airtel, Reliance Jio, Vodafone Group are some of the other Indian members.
Source: PR Wire
Coursera, in a recently released report, said that there has been an increase in women enrolling in online courses on the platform. In 2021, 44% of the new learners are women, compared to 37% new in 2019, making India the second largest in terms of women learners, with 4.8M users, compared to the USA’s 8.6M users. Over 38% of the total learners in India are women, up from just 24% in 2016.
After acquiring cloud management startup Volterra for $500M, networking company F5 has now announced the acquisition of cloud security startup Threat Stack for $68M. Founded in 2012, Threat Stack takes a proactive approach to cloud security, alerting clients of all vulnerabilities that need to be patched. The acquisition is expected to close in Q1 of FY22, with F5 saying that it will help bolster cloud security in its infrastructure.