Monthly Archives: October 2022

These Microsoft servers are helping fuel massive DDoS attacks

More than 12,000 poorly configured Microsoft servers have been discovered being abused to conduct impressively potent distributed denial of service (DDoS) attacks. Cybersecurity researchers from Black Lotus Labs uncovered a total of 12,142 servers sporting Microsoft domain controllers hosting the company’s Active Directory services that were being used by multiple malware variants to magnify the…

Elon Musk denied reports that he’s speeding up Twitter layoffs to avoid paying out hefty stock grants to workers

Elon Musk speaking at the ONS 2022 oil and gas conference in Norway. Reuters Elon Musk said reports he’s speeding up layoffs to avoid paying out stock grants are false. Musk is set to lay off workers before Tuesday, when they’re scheduled to receive stock grants, per the NYT. Media reports suggest that Musk may…

The Fed’s final rate hike will happen in December as wage inflation shows signs of cooling, Pantheon chief economist says

Samuel Corum/Getty Images The Fed’s last interest rate hike is poised to happen in December, according to Pantheon Macro.That’s because the labor market and wage is inflation is finally showing signs of cooling down.“Don’t be deceived by low and stable initial claims; labor demand is slowing markedly,” Pantheon said. A Fed pivot in its interest…

Hong Kong is weighing a plan to allow retail investors to trade cryptocurrencies, potentially paving the way to real estate security token offerings

Rebecca Zisser/Insider Hong Kong is considering a plan to allow retail investors to trade cryptocurrencies.  The new proposal could also allow future offerings of real estate security tokens.  If it goes through, the plan would mark a further divergence from mainland China, which has banned crypto trading. Hong Kong is weighing a proposal to allow…

Credit card balances reach pre-pandemic levels—but consumers face new pressures

The data: Total US credit card balances hit $916 billion in September—reaching pre-pandemic levels for the first time, according to Equifax data cited by the Wall Street Journal. Balances in September mirrored December 2019 levels and were 23% higher than their pandemic low in April 2021. Read the original article on Business Insider Read More

Instagram confirms it’s having issues as outage reports spike and some users claim they’ve been randomly suspended

Instagram Reels CHRIS DELMAS/AFP via Getty Images Instagram confirmed it’s having issues on Monday. Some users took to Twitter to complain they had been randomly suspended. Outage reports surged at Downdetector. It’s not just you — Instagram is having issues. The company confirmed it was experiencing problems on Monday morning. “We’re aware that some of…