Samsung recalls the Galaxy Note 7 due to battery problem

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The massive recall of one of Samsung’s flagship devices is an embarrassing setback for the world’s biggest selling smartphone maker. The Note 7 was unveiled just a month ago, and big rival Apple (AAPL, Tech30) is expected to show off its new smartphone next week. Samsung (SSNLF) said Friday it had found a problem with the battery in some of the phones and was halting sales. In the coming weeks it will offer customers a new product for free to replace all 2.5 million Galaxy Note 7s that have been…

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New devices connecting to the internet increase risk of corporate cyber attacks

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Is the Internet of Things putting your business at risk? Network security needs to be top of mind for decision makers within the business, as more and more device connect to the internet via wireless network technology. According to Palo Alto Networks, wireless network technology is simultaneously necessary and risky for organisations, and the Internet of Things could be putting businesses at risk of a cyber attack. “Most businesses are aware that wireless connections can be risky so they look to mitigate the risks by protecting their internal infrastructure,” says…

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Dropbox hack leaks 68m user passwords on the internet

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Online cloud storage firm Dropbox has been hacked, with over 68m users’ email addresses and passwords leaked on to the internet. The attack occured in 2012. At the time Dropbox reported a collection of user’s email addresses had been stolen. It did not report that passwords had been stolen as well. The dump of passwords came to light when the database was picked up by security notification service Leakbase, which sent it to Motherboard. The independent security researcher and operator of the Have I been pwned? data leak database, Troy…

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Banking Trojans remain the most lethal cyber threats says Kaspersky Lab

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Banking Trojans have retained the reputation as the most dangerous cyber threats. This is according to a kaspersky Lab report. The study says financial malware attacks on online users raised by 15.6%. The main reason for the spike is the nexus between the authors of two leading banking Trojans: Gozi Trojan and Nymaim Trojan, pushing both into the top 10 ranking of financial malware. These malware are often propagated via compromised or fraudulent websites and spam emails and, after infecting users mimic an official online banking page in an attempt…

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Study: Canadian tech sector outperforms finance

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The Brookfield Institute for Innovation + Entrepreneurship (BII+E), a non-profit arm at Ryerson focused on innovation research, has released The State of Canada’s Tech Sector 2016, a report that breaks down the technology sector’s key characteristics and its contribution to the economy. The tech sector, which consists of 71,000 companies, employs around 5.6 per cent of all working Canadians (864,000 of them), and they tend to make more than workers in other sectors, said the report. The average tech employee earns $67,000 per year compared to a national average of…

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Verizon will buy Yahoo for $4.8 billion

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US internet firm Yahoo will be sold to American telecoms firm Verizon Communications for nearly $5bn (£3.8bn) in cash. Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year. The deal does not include Yahoo’s valuable stake in Chinese firm Alibaba. The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom. Verizon said the deal for Yahoo‘s core internet business, which has more than a billion active users…

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Tech firms ‘Wary of losing EU workers post-Brexit’

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British group of legislators have said that Britain must urgently address the post-Brexit concerns of tech companies who fear losing European Union workers to other countries in the bloc. The Business, Innovation and Skills Committee said ministers should use the upcoming digital strategy to set out the impact of the vote to leave the EU on firms’ high-skilled European employees. It also warned that the UK’s position as a world leader in fintech – businesses which use technology to improve efficiency in financial services – could be at risk as businesses may seek…

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Nigerians Take The Lead In Mobile Online Shopping

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When compared with other countries in the continent, Nigerians take the lead when it comes to mobile online shopping, local retailers or foreign notwithstanding. A research conducted by Ipsos in Nigeria indicates that this trend is not likely to wane anytime soon. Nigerians love mobile commerce. The research conducted by Ipsos on behalf of Paypal shows that Nigerians are the keenest shoppers on the African continent. 72% of these shoppers use their smartphones to shop. This places Nigeria after China(86%) and India (82%) when ranked according to incidences of shopping…

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The First Interactive Digital Learning Centre (IDC) In Africa Has Been Launched in South Africa

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The first Interactive Digital Learning centre (IDC) in Africa has been launched in Tshwane, South Africa, ItNewsAfrica reports. EON Reality, a Virtual Reality based knowledge transfer for industry, education and edutainment is behind the Interactive Digital Centre.  The Chairman of EON reality, Dan Lejerskar, said that: “We’re extremely excited to partner with the City of Tshwane and build an IDC in South Africa…We fervently believe that knowledge is a human right and this aligns perfectly with Tshwane’s goal for greater income equality, creating jobs, and improving educational opportunities.” This IDC will…

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Andela Receives $24 Million From The Chan Zuckerberg Initiative

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Andela announced yesterday that it had banked $24 million in a round that was led by the Chan Zuckerberg Initiative, which is Mark Zuckerberg and Priscilla Chan’s fund. Additionally, Andela had also received a new investor, GV( formerly known as Google Ventures, CNN Money reports. Andela is a startup that trains Africa software developers and places them in international companies such as Google and IBM. Currently it has offices in Lagos and in Nairobi. The selection of software developers is rigorous and very selective. Applicants are taken through skills and…

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