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Showing posts with the label Startup funding

Ransomware Attack on US Critical Infrastructure Manufacturer

Hackers Claim to Sell Confidential Data of US Critical Infrastructure Manufacturer A group of hackers has claimed to have stolen confidential data from a US critical infrastructure manufacturer. The data includes employee information, customer data, and intellectual property. The hackers are demanding a ransom payment in exchange for not releasing the data. The manufacturer, which has not been named, is a major supplier of components to the US military and other government agencies. The stolen data could potentially be used to disrupt or even disable critical infrastructure systems. The hackers have not yet released any of the stolen data, but they have threatened to do so if the ransom payment is not made. The manufacturer has said that it is not going to pay the ransom, and it is working with law enforcement to investigate the attack. This cyberattack is a reminder of the growing threat to critical infrastructure from cyber attacks. Critical infrastructure is essential to the functio...

The Indian IT industry is expected to be impacted by the collapse of Credit Suisse and SVB

The Indian IT industry is one of the largest in the world, generating billions of dollars in revenue every year. However, recent news of the collapse of Credit Suisse and SVB is expected to have a significant impact on the industry. In this blog, we will take a closer look at the implications of this collapse and what it could mean for the future of the Indian IT industry. Credit Suisse and SVB are two major financial institutions that have had a significant impact on the Indian IT industry over the years. Credit Suisse is a global investment bank that has been active in India for over two decades, while SVB is a Silicon Valley-based bank that has been instrumental in providing financing to Indian startups. The collapse of these two institutions is expected to have a major impact on the Indian IT industry. One of the biggest impacts will be on funding for startups. Both Credit Suisse and SVB have been instrumental in providing funding to Indian startups, and their collapse could lead t...