The United States Cybersecurity and Infrastructure Security Agency has released draft of the rules explaining how critical infrastructure companies must report cyberattacks to the government. Companies owning and operating infrastructure will need to report significant cyberattacks within 72 hours and report ransom payments within 24 hours. The rules target any company...
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SEC increasing its investigation of major cyber-hacks on tech and telecom companies says Bloomberg
Cybersecurity
The U.S. Securities and Exchange Commission is actively probing technology and telecom companies on how they responded to the SolarWinds cyber attack in 2020, according to Bloomberg.
The hack of SolarWinds, was one of deepest and most sophisticated cyber...
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Lab owner pleads guilty to $30 million Medicare fraud scheme
A Florida man Robert M. Clark, pleaded guilty today to his role in a scheme to defraud Medicare by billing for over-the-counter COVID-19 test kits and genetic tests that were ineligible for reimbursement and procured by paying illegal kickbacks and bribes.
Clark,of Pompano Beach, was...
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SEC charges former Arista Networks Chairman Andy Bechtolsheim with insider trading on acquisition of Acacia
The Securities and Exchange Commission has issued insider trading charges against Andreas āAndyā Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc. To settle the SECās charges, Bechtolsheim agreed to pay a civil penalty of nearly $1 million. and will be barred from...
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US SEC seeking $2 Billion from Ripple, Chief legal officer reports says Reuters
According to Reuter, the U.S. Securities and Exchange Commission is seeking fines and penalties totaling $2 billion in its case against Ripple Labs over sales of the cryptocurrency XRP, the company's chief legal officer said in a social media post. The company's Chief Legal Officer Stuart Alderoty said the regulator has...
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US sanctions 13 Russian companies and two persons for offering crypto services used to evade sanctions on Russia.
The U.S. has sanctions on 13 Russia-linked fintech companies and two individuals for offering cryptocurrency services used to evade economic restrictions imposed on Russia following its invasion of Ukraine. The U.S. Treasury Department's new sanctions relate to Russian companies designated by...
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Nvidia’s new H20 semiconductor chips and China’s plans for using them for artificial intelligence
Nvidia's H20 semiconductor chip is its most powerful chip that it is selling to China. The company is taking pre-orders for a Nvidia chip specifically designed for artificial intelligence. The H20 does not deliver as much power as Nvidia's new H100 and the H800 which is banned for sales to China. Some...
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U.S. warns China that armed attack against Philippine vessels will trigger US involvement
Antony J. Blinken. the U.S. Secretary of state warned China that an āarmedā attack against Philippine vessels in the South China Sea would engage the mutual self-defense pact between Washington and Manila, resulting in the United States involvement, according to news reports.
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US investment in semiconductor chip development compared to China
The CHIPS and Science Act was signed into law in August 2022, and calls for investment of $53 billion into semiconductor manufacturing and research around the United States. This will include grants, cooperative agreements, loans and major 25% tax credits for capital investments in semiconductor manufacturing....
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Nividia unveils Blackwell B200 GPU ‘the world’s most powerful chip’ for Artificial Intelligence
Nvidia has created a new chip called B200 GPU which offers up to 20 petaflops of FP4 horsepower from a 208 billion transistor platform. According to published reports, Nvidia's CEO said each GPU might cost between $30,000-$40,000. Key improvements to the engine doubles the compute, bandwidth and mode size. Nvidia says...
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