By Joseph Chalfant In the wake of the Jan. 6 Capitol incident, the Department of Homeland Security (DHS) has contemplated hiring private firms to monitor and analyze social media platforms. According to the Wall Street Journal, the companies would be tasked with monitoring extensive data to search for indications of extremist activity that may lead to threats [...]
By Joseph Chalfant Criminals are fast at work developing new methods to scam parents across the country by targeting individuals awaiting their Child Tax Credit payments. Although the IRS has not released any information estimating the number of individuals who have fallen victim to the fraud, it did note that the rate of scams has grown as [...]
By Joseph Chalfant IBM reported on July 29 that the cost of data breaches had reached a 17-year high. The company released its annual Cost of a Data Breach Report, which observed 537 breaches to offer industry insight into evolving cybersecurity risks. The report showed that the average cost of a data breach spiked from $3.86 million [...]
By Joseph Chalfant Facebook is recalling 4 million components from its Oculus Quest 2 virtual reality headset. The company is recalling the removable foam facial interface. Facebook decided to recall the component after customers reported skin irritation where the foam interface touched users. The recall is voluntary and in coordination with the U.S. Consumer Product Safety Commission [...]
By Joseph Chalfant On July 27, the Senate Judiciary Committee held a hearing over the growing number of ransomware attacks in the wake of the May Colonial Pipeline hack. Member statements were made by Chair Sen. Dick Durbin (D-IL) and Ranking Member Sen. Chuck Grassley (R-IA) before witness testimony began. The witness panel consisted of [...]
By Joseph Chalfant General Motors (GM) is recalling almost 70,000 of its Chevrolet Bolt electric vehicles (EV) due to a battery-related fire hazard. The company made the decision after it was unable to resolve an issue that caused at least nine cars to catch fire while parked. The recall fix could replace battery modules or the entire [...]
By Joseph Chalfant Former U.S. Food and Drug Administration (FDA) Commissioner Dr. Scott Gottlieb claimed that the U.S. could be approaching the peak of the coronavirus’s Delta variant spread. He has based his claim on data seen from the U.K.’s downturn in COVID cases. Government data indicated that the country had skyrocketed to a 47,460 seven-day average [...]
By Joseph Chalfant Instacart has begun to build warehouses to expand its position in the grocery delivery industry. The company will partner with the tech company Fabric to begin construction on fulfillment centers in and near grocery stores. According to the Wall Street Journal, the centers should have a capacity of 10,000 to 50,000 products and will [...]
By Joseph Chalfant Uber has announced that it will acquire the transportation logistics company Transplace in a deal valued at $2.25 billion. The deal will be conducted by the rideshare giant's hauling division, Uber Freight, in an agreement with TPG Capital. The private equity group will receive $750 million in Uber stock and the remainder [...]
By Joseph Chalfant President Joe Biden announced that he would tap Jonathan Kanter to lead the Justice Department’s anticompetitive enforcement efforts as the Assistant Attorney General for Antitrust. “Jonathan Kanter is a distinguished antitrust lawyer with over 20 years of experience. Throughout his career, Kanter has also been a leading advocate and expert in the [...]
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