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Capital One fined $80m for data breach


By Peter Walker

Capital One has agreed to a $80 million fine from US regulators over last year's hack which exposed the personal information of more than 100 million customers and applicants. The Office of the Comptroller of the Currency (OCC) calculated the fine based on a "failure to establish effective risk assessment processes prior to migrating significant information technology operations to the public cloud environment and the bank's failure to correct the deficiencies in a timely manner".


Uber buys Autocab to fuel UK expansion

Uber is set to acquire UK based rival Autocab as part of its British expansion plans. The financial details were not disclosed, but the ride hailing giant did state that Autocab will remain independent.

AWS powers biotech platform developing COVID vaccine

Biotech firm Moderna has selected Amazon Web Services (AWS) as its preferred cloud provider, as well as its standard for analytics and machine learning workloads. The firm is pioneering a new class of messenger ribonucleic acid (mRNA) medicines, and will now upgrade its platform and manufacturing facility with the AWS-powered research engine.

Over 80% of IT leaders ‘dissatisfied with data warehousing’

More than 80 per cent of organisations are not fully satisfied with their data management and warehousing initiatives, according to new research. A Vanson Bourne survey of 500 IT decision-makers in the UK and US for SnapLogic found that disconnected apps and data, outdated legacy technology and manual data movement were holding businesses back from achieving their objectives.

EC launches probe into Google/Fitbit takeover

Google’s £1.6 billion acquisition of FitBit could be derailed after the European Commission (EC) opened a competition probe into the merger. The EC announced that it has opened an in-depth investigation to assess the deal and said it should have completed the process by 9 December.

75% of UK companies are testing AI

Three quarters of UK enterprises are actively leveraging or testing artificial intelligence (AI), as the momentum behind data-driven technologies grows. A survey of 500 IT decision-makers based in the UK by Interxion, a cloud and data centre services provider, found that enterprise roadmaps for AI deployment over the next two years are already underway.

IT professionals doubt Huawei’s 5G warning

The majority of IT professionals (53 per cent) do not believe Huawei’s claim that the UK’s decision to ban the tech giant from its 5G network infrastructure will 'move Britain into the digital slow lane, push up bills and deepen the digital divide'. The British Computer Society and Chartered Institute for IT surveyed its 2,962 members at the end of July, finding that over a quarter (28 per cent) did still agree with the Chinese telecoms firms’ warning that the UK’s tech development will stall without it - with 19 per cent remaining neutral.

Gov pledges £8m for foundation industry innovation

UK-registered businesses can apply for a share of £8 million in grant funding for projects supporting the recovery and growth of foundation industries. These include cement, glass, ceramics, paper, metals and bulk chemicals – all of which are vital for the UK’s manufacturing and construction sectors. Combined, they are worth about £52 billion to the UK economy, but they face common challenges.
Asda to deploy hydrogen fuel cell tech for supply chain

Asda has struck a deal to become the first UK supermarket to use hydrogen fuel cell technology to power its fleet of warehouse lift trucks. US company Plug Power will provide the Asda with zero emission hydrogen fuel cell solutions, beginning with its fulfilment facility in Skelmersdale.

Machine identity malware attacks grow eightfold in a decade

The number of malware attacks utilising machine identities have grown eightfold in the last decade, according to new research. Analysis of threat data gathered by Venafi, a machine identity management provider, showed a significant rise in the number of attacks using this method, with notable examples during 2018 to 2019, including high profile malware campaigns like TrickBot, Skidmap, Kerberods and CryptoSink.

Research reveals cyber security diversity gap

Cyber security chiefs have committed to lead a drive towards improving diversity and inclusion in the workforce after the publication of a major survey on the topics. The National Cyber Security Centre (NCSC) and KPMG UK have jointly published the first annual Decrypting Diversity: Diversity and Inclusion in Cyber Security report, which sets a benchmark for improving the experiences and opportunities for existing and future staff working in the industry.

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BigTech faces up to a big racial diversity problem

The recent wave of protest sparked by the killing by police of George Floyd in Minneapolis has raised the issue of racism for corporations across sectors and geographies – and none more so than the tech industry. As young and cool as many big technology companies portray themselves, the majority are still overwhelmingly white, particularly in leadership and technical positions.

Whatever happened to the blockchain revolution?

Devised by the mysterious presumed pseudonym Satoshi Nakamato in 2008, blockchain’s immediate application was to serve as a transaction ledger for the cryptocurrency Bitcoin. Yet, despite more than a decade of talk about how blockchain was set to disrupt and revolutionise numerous industries, the technology has yet to really make its mark on any big business – with scalability, security and regulatory concerns holding it back.

ECJ ruling causes data transfer headache for CIOs

A new ruling from the European Court of Justice (ECJ) could have major implications for how data is transferred around the world. On 16 July, the Data Protection Commissioner vs Facebook Ireland case was ruled upon, following up on the ECJ’s 2015 ruling in Maximillian Schrems vs Data Protection Commissioner, in which it invalidated the adequacy decision underlying the EU-US Safe Harbour arrangement.

Looking into the quantum future

When the Austrian physicist Erwin Schrödinger famously conducted his cat in a box experiment and concluded the cat could be simultaneously dead and alive until the observer opened the box, it highlighted, despite such a seeming absurdity, the much wider issue of how quantum systems can operate in multiple states until observed or measured.Fast forward to the 21st century and its relevance is becoming increasingly clear, with quantum computing eventually set to supersede the classical (binary) computing we have now. But what is it? And how far off is it?

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