March 19, 2024
Amazon, Google Back Global Cybersecurity Standard for Smart Home Devices

In an increasingly interconnected world, the proliferation of connected devices has become ubiquitous, reshaping the way people live, work and interact with technology. From wearable gadgets to sophisticated smart appliances, the Internet...

March 19, 2024
European Union Probes into Big Tech’s Handling of AI

The European Union has launched a formal investigation into major tech companies like Meta (formerly Facebook), Microsoft, Snap, TikTok, and X (owned by Elon Musk) to address concerns regarding AI...

March 19, 2024
Instant Financial Debuts App for Faster Earned Wage Access

Earned wage access firm Instant Financial released a new mobile app and updated mobile wallet. “Understanding that over 50% of Americans would likely avoid major financial pitfalls if they could instantly access...

March 19, 2024
Ethiopian Banking Glitch Lets Consumers Withdraw Unlimited Funds

A banking glitch in Ethiopia reportedly let customers withdraw unlimited funds. Now, state-owned Commercial Bank of Ethiopia (CBE) is trying to recover the $40-plus million that was withdrawn or transferred to other banks over...

March 19, 2024
Australia Payments Plus Picks Swift to Battle Payments Fraud

Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Swift will build a service to reduce misdirect payments and boost defenses against payment fraud, the...

March 19, 2024
DOJ Targets ‘Fake It Till You Make It’ Tech Startups

A top federal prosecutor is reportedly targeting startups that defraud investors ahead of going public. Ismail Ramsey, U.S. attorney for the Northern District of California, told Reuters in an interview...

March 19, 2024
TechREG® Chronicle – Regulating Cloud Computing

Dear Readers, The term “cloud computing” refers to the abstraction of infrastructure and computing resources traditionally managed by a customer to be instead managed by a third party, known as...

March 19, 2024
Is Merger Enforcement Keeping Up with the Cloud?

U.S. merger enforcement has taken a back seat in the cloud market, which has grown largely through acquisition and is now relatively mature. When merger enforcement in cloud does take...

March 19, 2024
Cloud Regulation in the EU Data Act

The European Union values cloud computing as one of several key future technologies. It has therefore embedded goals for the technology in its Digital Decade program. By 2030, 75 percent...