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Yahoo
24 minutes ago
- Yahoo
Microsoft warns businesses, governments of cyber attack
Microsoft has issued an alert about "active attacks" on server software used by government agencies and businesses to share documents within organisations. The tech company is recommending security updates that customers should apply immediately. The FBI said it is aware of the attacks and is working closely with its federal and private-sector partners, but offered no other details. In an alert issued on Saturday, US time, Microsoft said the vulnerabilities apply only to SharePoint servers used within organisations. It said that SharePoint Online in Microsoft 365, which is in the cloud, was not hit by the attacks. The Washington Post, which first reported the hacks, said unidentified actors in the past few days had exploited a flaw to launch an attack that targeted US and international agencies and businesses. The hack is known as a "zero day" attack because it targeted a previously unknown vulnerability, the newspaper said, quoting experts. Tens of thousands of servers were at risk. Microsoft did not immediately respond to a request for comment. In the alert, Microsoft said a vulnerability "allows an authorised attacker to perform spoofing over a network". It issued recommendations to stop the attackers from exploiting it. In a spoofing attack, an actor can manipulate financial markets or agencies by hiding the actor's identity and appearing to be a trusted person, organisation or website. Microsoft said it issued a security update for SharePoint Subscription Edition, which it said customers should apply immediately. It said it is working on updates to 2016 and 2019 versions of SharePoint. If customers cannot enable recommended malware protection, they should disconnect their servers from the internet until a security update is available, it said.
Digital Trends
25 minutes ago
- Digital Trends
The next iPad Pro could get a weirdly practical camera upgrade
Apple's next wave of M5-powered machines will start hitting the shelves next year. We're talking about an upgrade to the MacBook Air and an earlier-than-usual launch for the MacBook Pro refresh. The iPad Pro is also queued up for a silicon upgrade, but it seems there will be another surprise for buyers who engage in a lot of video calling. According to Bloomberg, Apple is planning to offer two front-facing cameras on the next iPad Pro. The first one will sit in its usual landscape mode orientation at the top, while the second one will be positioned on the adjacent edge to allow video calls in portrait mode. Why does it matter? 'Apple is apparently adding a second, portrait-side front-facing camera to the upcoming M5 iPad Pro, presumably so FaceTimers and selfie fans can use the device equally well in either orientation,' says the report. Recommended Videos To recall, Apple has historically positioned the front camera in portrait mode on iPads. It was only with the M4 generation last year that the camera position switched from portrait to landscape. The switch made sense, given the heft and screen size of the larger 13-inch iPad Pro and how it's usually propped atop a stand or keyboard in landscape mode. However, for the smaller 11-inch model, the shift was somewhat of a mixed bag since it can be carried in one hand with ease, making it ideal for portrait mode usage. What else is coming? Apple's dual-camera move seems like a balancing act and a step in the right direction. However, it's quite likely that the Face ID hardware will remain aligned with the landscape front camera, instead of the secondary portrait-side sensor. Another notable change inside the 2026 iPad Pro will be the M5 silicon. As far as the design goes, it is likely to be identical, given that the new design language with a slimmer waistline and a single rear camera approach at the back was only introduced in 2024. The other big change is going to be the software, and specifically, the AI-focused enhancements. Apple has already introduced a macOS-like menu bar and an updated canvas system with iPadOS. Rumors suggest that Siri's AI enhancements will allow it to interact with apps and get more done than it can accomplish with a hybrid ChatGPT system at the moment.
Forbes
26 minutes ago
- Forbes
Credit Cracks Are Now Fractures: The Next Phase Is Here
stack of multicolored credit cards on black background Credit Cracks Are Spreading: Rising Delinquencies And Recession Signals To Look Out For In 2025. In earlier pieces, I focused on what most of Wall Street had been overlooking. Mortgage delinquencies were the first signal. Then came auto loan defaults, reaching a 15-year high where even subprime borrowers began missing payments on the one item that often determines employment: their vehicle. Credit cracks are appearing. These weren't isolated issues. They marked a shift from stretched to strained across consumer credit. Now that strain is expanding steadily and across layers of the market. And still, most investors aren't pricing it in. Credit stress doesn't erupt. It spreads. We've moved from warning signs to a broader spillover. Repricing is the next phase and it's already in motion. Credit Is Weakening From The Middle This is no longer just about subprime risk. A Bankrate report shows credit card balances have jumped over 50% since early 2021. But more telling is who's under pressure now. Prime borrowers with strong credit and stable income are starting to slip. Experian's Q3 2024 data reports that while average FICO scores remain at 715, monthly non-mortgage debt payments have climbed 5.2% year-over-year. That tension is showing up in student loans and other floating-rate debt. Buy Now, Pay Later platforms are adjusting. Klarna, Affirm, and Afterpay are shortening repayment terms and tightening approval standards. They're reacting to real-time data from their own books. Stress is moving up the credit curve, and the signs are visible. Lending Standards Are Tightening Fast Defaults are rising and lenders are pulling back. That much is expected. What stands out now is how early and broadly this retrenchment is happening. Regional banks, still vulnerable after the SVB collapse, are quietly retreating from consumer credit. The Fed's latest Senior Loan Officer Survey shows tightening across personal credit, auto loans, and cards. Fintech lenders dependent on securitization see funding slow as ABS market appetite weakens. In some cases, new loan originations have stalled altogether. Consumer loan growth has gone flat. In certain sectors, it's shrinking. When credit access disappears, risk spikes, not always due to income loss, but from the absence of rollover liquidity. Liquidity is vanishing. And as it dries up, consumer behavior turns fast. Earnings Will Show The Stress The numbers are about to reflect what the data has already been suggesting. Starting in Q3 and continuing through Q4, we'll likely see pressure in three key areas: Retailers will also feel it, especially those exposed to private-label credit. Think Best Buy, Target, or any business with embedded financing models. The Risk Is Micro, Not Macro Despite mounting signals, investor positioning hasn't changed much. Regional banks still trade at 1.2–1.4x tangible book. Consumer lenders remain priced for smooth conditions. Auto ABS spreads remain tight, even as default risk increases. The disconnect lies in the story markets are telling themselves. Wages are stagnant. Pandemic savings are exhausted. Credit growth is stalling. But investor optimism hasn't caught up to this reality. It's about slow erosion through liquidity withdrawal and shifting consumer behavior. By late 2023, we saw early signs: rising balances, spending fatigue, and payment slippage. Now we're in the broader stress phase: credit cards, auto loans, BNPL, and even prime borrowers are under pressure. Next comes institutional reaction: reserve builds, risk repricing, and M&A among overstretched lenders. Where Dislocation Creates Opportunity When data and narrative diverge, opportunity emerges. How To Protect Yourself The popular narrative that the consumer is fine is already outdated. Behavior is shifting. Defaults are spreading. Liquidity is contracting. Markets haven't priced it in yet. But the repricing phase is underway. This is a moment for positioning, not reaction. The advantage belongs to those who act early while others are still watching lagging indicators. The credit cracks are widening. And those who are tracking the underlying behavior already know what's next.
