Monthly Archives: October 2022

Compromised cloud accounts costing businesses millions

Compromised cloud accounts cost organizations millions each year, a new report from cybersecurity firm Proofpoint and IT security research organization Ponemon Institute claims. Part of the problem surrounds the fact that many don’t know who is responsible for safeguarding that data. At the same time, criminals are increasingly eyeing up cloud as a treasure trove…

Businesses uncertain about the value of SD-WAN

Almost four months into the pandemic, businesses are starting to question the relevance of SD-WAN solutions for the remote workforce. According to a new report from Accelerate, half of UK businesses see the technology as ‘less relevant’. Instead, firms are leaning towards single cloud service model SASE, which combines the features of SD-WAN with cloud-based…

Businesses turn to SASE, zero trust to solve remote working challenges

Now businesses have enabled their employees to operate remotely, their attention is shifting towards protecting them from increasingly damaging cybersecurity threats. Of all the different ways they could set about the problem, many companies are opting for either SASE or zero trust strategies. This is according to a report recently published by ISACA and HCL…

American Airlines agrees to pay a minimum of $7.5 million to passengers who sued the airline after claiming they were unfairly charged for checked baggage

Five passengers accused the airline of breaching its contract over baggage fees. Getty Images American Airlines has agreed to pay out a minimum of $7.5 million to settle a class-action lawsuit. The suit accused the airline of charging some passengers incorrect baggage fees. They accused the airline of breaching its contract after it failed to…

A Starbucks in Indianapolis is closing over safety concerns, puzzling local police and business owners who say the area is ‘very safe’

A Starbucks barista prepares a drink at a Starbucks Coffee Shop location in New York. Ramin Talaie/Corbis via Getty Images Starbucks is closing a store in downtown Indianapolis, Indiana over safety concerns. But puzzled police say they weren’t aware of any safety problems and were rarely called to the area. Starbucks has closed more than…

January 6 panel memebr doesn’t rule out holding Trump in contempt if he doesn’t comply with its subpoena

Video of former President Donald Trump is played during a hearing by the Select Committee in Washington, DC, on June 13, 2022. Chip Somodevilla/Getty Images Jan. 6 committee member Rep. Adam Kinzinger discussed its subpoena to ex-President Donald Trump.  He didn’t rule out seeking to hold Trump in criminal contempt if he dodges the subpoena. …

Bank of America posts a Q3 earnings beat as it cashes in on higher interest rates and strong demand for loans

Brian Moynihan. Bobby Yip/Reuters Bank of America published third-quarter earnings on Monday that beat Wall Street’s forecasts. The banking giant’s net revenue rose 8% to $24.5 billion, but net income slid 8% to $7.1 billion. CEO Brian Moynihan highlighted resilient consumer spending and elevated deposit levels. Bank of America reported third-quarter earnings on Monday that…

A recession is looming, but for JPMorgan’s Jamie Dimon all signs point toward business as usual when it comes to hiring and tech spend

Welcome back! It’s Dan DeFrancesco checking in from NYC. Here’s hoping you had a good weekend. We’ve got podcast and book recommendations from people who are probably more successful than you, a New York Times critic dunking on finance-bro fashion, and part 3,109 of the Elon-Twitter drama.  But first, how did those bank earnings go? If…

A startup using recycled plastic to 3D print prefab houses is building 10 rentable homes in Southern California — see what they’ll look like

Azure Printed Homes Azure, a 3D printing home construction startup, will build 10 homes with real estate development company Reinhabit. The 10 built-to-rent homes will be located in three Southern California sites. The Los Angeles-based construction company uses recycled plastic material to 3D print its homes. Looking to rent in Southern California as the weather…