logo
Google says hackers that targeted UK retail sector are now targeting US retailers

Google says hackers that targeted UK retail sector are now targeting US retailers

The Star14-05-2025
WASHINGTON (Reuters) -Alphabet's Google says that the hackers who have targeted the UK retail sector are now turning their attention to American retailers.
In an email sent Wednesday, Google's cybersecurity arm said that the hackers "are aggressive, creative, and particularly effective at circumventing mature security programs."
(Reporting by Raphael Satter, Editing by Franklin Paul)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nvidia denies back-door features in its H20 chips after Beijing raises security concerns
Nvidia denies back-door features in its H20 chips after Beijing raises security concerns

The Star

time4 hours ago

  • The Star

Nvidia denies back-door features in its H20 chips after Beijing raises security concerns

Nvidia said its chips had no 'back doors' after China's cyberspace regulator interviewed company representatives over alleged security risks associated with its H20 chips, which were tailor-made for Chinese customers, although it remains unclear what impact Beijing's mistrust of the US firm will have over time. 'Cybersecurity is critically important to us,' an Nvidia representative said in an email to the South China Morning Post on Thursday night. 'Nvidia does not have 'back doors' in our chips that would give anyone a remote way to access or control them.' The statement was in response to a regulatory move by the Cyberspace Administration of China (CAC), the agency responsible for the country's cybersecurity. The Chinese regulator said on Thursday that it had summoned and interviewed Nvidia regarding the potential tracking and remote control functions of its H20 chips, a surprise move as Nvidia had just received the green light from Washington to export the chips to clients in China. Nvidia's shares were down 0.8 per cent on Thursday in New York. The latest development highlights the challenges faced by Nvidia, the world's most valuable company in terms of market capitalisation, in trying to please both Washington and Beijing amid intensifying US-China rivalry in artificial intelligence and hi-tech. While China needs Nvidia chips to build out its computing infrastructure, Beijing remains committed to the long-term goal of tech self-sufficiency by reducing its reliance on imported American equipment and technologies. In the latest example of that, a group of Chinese semiconductor and AI companies – including Huawei Technologies, Cambricon Technologies and Moore Threads – formed an alliance to push for the adoption of locally developed processors for AI projects. China's cyberspace administration did not specify the source or evidence for its concerns about back-door security threats associated with Nvidia chips. In May, a bipartisan group of US lawmakers introduced a bill that would require makers of AI processors to incorporate tracking technology in their chips before export. The proposal aimed to address reports of US export-controlled AI chips being smuggled into China via third countries. But Nvidia has never said that its H20 chips have such tracking functions. The summoning of Nvidia was the latest example of the long-lasting mistrust between Beijing and Washington over the other's tech hardware. The US has banned the use of Huawei gear in the American telecommunications network, while new guidelines from the administration of US President Donald Trump implied that the use of Huawei's Ascend AI chips 'anywhere in the world' could be a violation of US export controls. For its part, China accelerated the process of replacing imported technologies in its key infrastructure facilities about a decade ago, after former US National Security Agency contract employee Edward Snowden exposed the global spying practices of the US. In May 2023, the CAC said products from another US chip giant, Micron Technology, failed a national security review, resulting in a sales ban of its products to key infrastructure operators in China. - SOUTH CHINA MORNING POST

OPEC+ Set To Boost Oil Output By 548,000bpd Next Month
OPEC+ Set To Boost Oil Output By 548,000bpd Next Month

BusinessToday

time4 hours ago

  • BusinessToday

OPEC+ Set To Boost Oil Output By 548,000bpd Next Month

OPEC+ has agreed in principle to raise oil production by 548,000 barrels per day (bpd) in September, according to sources within the alliance, marking the final step in reversing its largest pandemic-era output cut. Reuters reported that the decision, expected to be formally confirmed at the ministerial meeting scheduled for 1100GMT on Aug 3, comes amid mounting concerns over supply disruptions from Russia and renewed geopolitical pressure from the West. The move would complete the unwinding of a 2.2 million bpd production cut, with the United Arab Emirates permitted to increase its output by an additional 300,000bpd, according to the sources. The oil alliance, comprising OPEC members and key partners like Russia, has gradually increased supply since April, starting with a 138,000bpd bump, followed by monthly hikes of 411,000bpd through July and 548,000bpd in August. While the core cuts are now nearly fully restored, OPEC+ is still maintaining a voluntary reduction of 1.65 million bpd by eight members, along with a broader two-million-bpd group-wide cut, both of which are set to expire in 2026. The output decision unfolds as Washington presses India to halt Russian oil imports, while new European Union sanctions have already prompted Indian state refiners to suspend purchases from Moscow. These developments have amplified uncertainty around future supply flows and market stability. OPEC+, which accounts for roughly half of global oil production, is not expected to deliberate on the remaining voluntary cuts at the meeting.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store