Whether or not to pay a ransomware demand has long been an ongoing conundrum for organizations worldwide, and the UK government has decisively told solicitors to advise their clients not to pay up. A joint letter from the Information Commissioner Officer (ICO) and the National Cybersecurity Center (NCSC) to the Law Society said ransomware “payment…
Monthly Archives: July 2022
Upstart Shares of Upstart Holdings, a lending platform that uses AI technology, sank after cutting second-quarter projections. The company now sees revenue of $228 million, down from earlier estimates of $295 million-$305 million. Net losses were put at $27 million-$31 million, deeper than prior estimates for breakeven to a $4 million loss. Shares of Upstart…
An employee prepares a train loaded with gasoline at the Petrolchemie and Kraftstoffe (PCK) oil refinery in Schwedt/Oder, October 20, 2014. Axel Schmidt/Reuters Constrained Russian gas flows are forcing German-based Uniper to ask for a government bailout. Uniper wants Germany to take a larger “relevant” stake and is calling for more debt funding. The company…
Chappelle in “The Closer.” Netflix Dave Chappelle appeared at his alma mater last month for a theater-naming ceremony. His speech is now streaming on Netflix, and he addressed the backlash to his last Netflix special. “The more you say I can’t say something, the more urgent it is for me to say it,” Chappelle said….
The entrance to Sun Valley Lodge, which hosts the annual Allen & Co. conference. Kevin Dietsch/Getty Images The annual Allen & Co. conference in Sun Valley, Idaho, is officially underway. Execs have been spotted arriving, checking in, and even heading out for tennis or biking. Sheryl Sandberg, Warren Buffett, Robert Kraft, and others are in…
Western Union partnered with MercadoLibre to enable digital remittances in Mexico. Mexico’s remittance inflow is expected to grow to $56.24 billion this year. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client. The news: Western Union partnered with Argentina-based online marketplace MercadoLibre to enable digital remittances in…
Andy Chevalier is responsible for ensuring each court at Wimbledon gets 1,900 fresh balls daily. AELTC/Thomas Lovelock. Andy Chevalier, 41, is an actor, but for just over a month out of the year, he works at Wimbledon. He started as a security guard in 2002 and has been part of the ball-distribution team since 2018….
Federal Reserve Board Chairman Jerome Powell. Alex Wong/Getty Images To get inflation back down, a deep recession will have to hit the economy, Bank of America analysts wrote in a Friday note. High prices will be extremely sticky, and the Fed will have a tough time bringing them down in a two-year span. “It is…
When you buy through our links, Insider may earn an affiliate commission. Learn more. (L-R): Natalie Portman as Mighty Thor and Chris Hemsworth as Thor in Marvel Studios’ “Thor: Love and Thunder.” Jasin Boland/Marvel Studios “Thor: Love and Thunder” is now playing exclusively in theaters. The movie takes place after “Avengers: Endgame” and features characters…
President Joe Biden. Tom Williams/CQ-Roll Call, Inc via Getty Images Biden will sign an executive order on Friday to protect abortion access. The move comes after the Supreme Court ended the constitutional right to abortion on June 24. The executive order aims to expand access to medication abortion and contraception. President Joe Biden on Friday…