Design flaws in chips from chipmakers such as Intel, AMD, and ARM have put millions of devices at risk of being attacked by hackers. Mayank Choudhary, VP of Product at OberserveIT, was with us to explain how it happened and what consumers can do to protect themselves.
The security holes could make sensitive data, such as passwords, vulnerable and have put chipmakers in the hot seat. Choudhary said it is an IT tsunami that he did not see coming. He said consumers need to quickly update their systems with the patches released by Apple and Microsoft.
Choudhary emphasizes that transparency is key when it comes to timing of when these breaches are disclosed. With the recent string of attacks, he said he sees more pro-activeness from the suppliers and manufacturers.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
