Dutch DDoS mystery: Who’s behind the sudden massive wave of attacks on banks?

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There is as yet no indication of who is behind the massive distributed denial of service (DDoS) attacks on Netherlands banks and government websites that ran from last weekend to Tuesday. Initial reports suggesting a Russian connection appear baseless. The attacks began just a couple of days after media reports stated that Dutch intelligence tipped off their American counterparts about state-sponsored Russian spies hacking the apparatus of the Democratic Party and stealing the infamous “leaked emails” that may have swayed the 2016 election. “This weekend’s DDoS attacks were heavier than…

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Geneva: Miss.Africa Digital Program Named Finalist in the ITU/UN 2017 EQUALSinTech Awards

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ITU and UN Women this week in Geneva, Switzerland announced the Miss.Africa Digital program as one of 15 Finalists and the Winners for the prestigious 2017 EQUALS in Tech Awards. As the flagship event of the EQUALS global network partnership, the annual award event is designed to showcase how ICTs can be used to dramatically improve social, political and economic outcomes for women and girls – and the value that women and girls bring to the technology sectors. This year, there were 293 participants from 72 countries for the EQUALS…

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Robot automation will take 800 million jobs by 2030

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Up to 800 million global workers will lose their jobs by 2030 and be replaced by robotic automation, a new report from a consultancy has found. The study of 46 countries and 800 occupations by the McKinsey Global Institute found that up to one-fifth of the global work force will be affected. It said one-third of the workforce in richer nations like Germany and the US may need to retrain for other jobs. Machine operators and food workers will be hit hardest, the report says. Poorer countries that have less…

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Coinbase ordered to give the IRS data on users trading more than $20,000

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Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole bitcoin thing. On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015. After noticing that the number of tax returns claiming gains from virtual currency didn’t line up with the emerging popularity of digital currencies like…

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Toshiba stock drops on $5 billion share sale plan

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Toshiba’s stock plummeted Monday, after the company announced plans to raise $ 5 billion to avoid being booted off the Tokyo Stock Exchange. Shares in the Japanese firm fell more than 6% in Tokyo, before paring some of those losses to close down 5.8%. The drop comes a day after the troubled conglomerate announced it would sell new shares worth 600 billion yen ($5.4 billion). Toshiba (TOSBF) will issue about 2.3 billion new shares priced at 262.8 yen ($2.35) per share, it said Sunday — about 10% cheaper than Friday’s…

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Qualcomm beats revenue expectations despite Apple lawsuits

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Qualcomm has beat analysts’ revenue and earnings estimates in its fourth fiscal quarter despite a year-long legal battle with Apple. Qualcomm booked $5.96 billion in sales, or 92 cents per share, versus expectations of $5.8 billion and 81 cents per-share as the overall economics of the chip business continue to improve. The numbers were good enough to bump shares of the stock up 54 cents (or 1 percent) in after-hours trading, to $54.00. Qualcomm’s ongoing legal battle with Apple was not enough to completely overtake strength elsewhere in its business…

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Microsoft displeased with Google over approach to security patches

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Microsoft’s Windows security team have been unhappy with Google for the past year. While the pair are bitter rivals for a number of different reasons, Google disclosed a major Windows bug before Microsoft was ready to patch it last year. This  irritated the company so much that Windows chief Terry Myerson authored a blog post criticizing Google for not disclosing security vulnerabilities responsibly. That resentment still remains today. Microsoft discovered a remote Chrome vulnerability last month and is now demonstrating what it feels is responsible disclosure. In a new blog…

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Making the digital economy more inclusive

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Across the world, there is a strong belief that machines are quickly approaching and they will take over human jobs. This fear is not new. From the cotton gin, to the tractor, to the assembly line and beyond, jobs have faced and will continue to face threats from technological advances. But throughout these disruptions, large-scale unemployment has typically been avoided: either machines could not do many of the innately human things people could do, or technology so drastically brought down costs that new markets were unlocked, in turn requiring more…

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One on One with Sendy Ltd: Using Technology to bring efficiency in business

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Think back to how business was done a few decades ago. There was no email, Internet, mobile marketing, telecommuting or smartphones. Innovations in technology have improved operations at companies of all sizes. ITBusinessDirect spoke with Sendy Ltd, a tech platform in Kenya that connects businesses to Drivers to make delivery simple and transparent, on the tech ecosystem in Kenya. The session is majorly on the digital innovation trends and the set backs faced by Tech start ups in the industry. Question: Its true that Technology brings businesses closer to customers. How can…

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Microsoft to include in-built eye tracking support Windows 10

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Microsoft is planning to add native eye tracking support into Windows 10. The new support is primarily designed to help those suffering from neuro-muscular diseases like ALS and other disabilities to control the various interface elements in Windows 10 without a traditional mouse and keyboard. This ranges from gazing at apps to launch them, or using an onscreen keyboard to glance at characters and type out words. Dubbed Eye Control in Windows 10, the new feature will require hardware like Tobii’s Eye Tracker 4C. Microsoft has worked closely with Tobii…

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