More than two-thirds of manufacturing companies hit by ransomware had their data encrypted, Sophos survey

This is the highest reported encryption rate for the sector over the past three years and is in line with a broader cross-sector trend of attackers more frequently succeeding in encrypting data. However, in contrast to other sectors, the percentage of manufacturing organizations that used backups to recover data has increased, with 73% of the…

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Chinese Tech Giant Alibaba Names Next CEO

The move comes as the market leader prepares to undergo a fundamental reorganisation of its sprawling business operations, which span cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence. Tuesday’s announcement will see chairman and CEO Daniel Zhang replaced by Joseph Tsai as chairman and Eddie Wu as CEO, the company said. Both appointments…

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Paying for your electricity bills via Airtel Money will now attract zero transaction fees

Customers paying for their electricity bills via Airtel Money will be charged zero transaction fees thanks to a new partnership between Airtel and Kenya Power. Airtel Money Managing Director Anne-Kinuthia Otieno said this is one of the company’s initiatives to help cushion Kenyans during these tough economic times. This offer will run for the next…

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Jia, a blockchain-based lender of small businesses in emerging markets, raises $4.3 million seed

Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 million seed funding, and an additional $1 million commitment for on-chain liquidity, in a round led by early-stage backer TCG Crypto, with participation from a number of funds including BlockTower, Hashed Emergent, Saison Capital and Global Coin Research….

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