Oracle Alerts Customers of Another Major Security Breach: Login Data Compromised
Oracle Corporation has informed its clients regarding a significant security breach, marking the second incident in a short span. Reportedly, sensitive login information was compromised, heightening concerns over the company’s data security protocols among its user base.
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Microsoft Expands Investment in South Africa with Additional $297 Million Commitment
In a significant move to bolster its presence in Africa, Microsoft has announced an expansion of its investment in South Africa, earmarking an additional $297 million. This new funding is part of a broader strategy to enhance technological infrastructure, promote digital skills, and foster innovation within the region.
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Nokia Anticipates Profit Decline Amid Delays in Network Upgrades
Nokia, the telecommunications giant, has recently announced that it expects a decrease in its profits as many companies are postponing their network upgrade plans. This revelation comes as the firm prepares to navigate a challenging financial environment, one characterized by reduced spending within the industry.
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NetApp to Offload Software Assets to Thoma Bravo's Flexera in Strategic Move
In a significant development for both NetApp and Thoma Bravo, NetApp has announced that it is selling a portion of its software assets to Flexera, a company owned by Thoma Bravo. This strategic decision is part of NetApp's broader plans to streamline its operations and focus on core business segments that promise enhanced growth and innovation.
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Cisco Projects Promising Revenue Growth as Customers Embrace Hardware Upgrades
In a significant development for the tech giant, Cisco Systems Inc. reported an optimistic outlook for its forthcoming fiscal period, largely driven by an uptick in customer investments in hardware upgrades. The company’s latest earnings report provided a positive revenue forecast, signaling robust demand from both enterprise and public sector clients.
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Charges Unveiled Against Hackers Targeting Snowflake Customers
In a dramatic development within the cybersecurity landscape, federal prosecutors have unsealed charges against three individuals accused of orchestrating a sophisticated hacking campaign that compromised the data of Snowflake customers. The cloud data platform, widely adopted by businesses for its robust data warehousing services, found itself at the center of this alarming breach. The indictment, unveiled on November 11, 2024, outlines an intricate operation wherein the charged hackers allegedly exploited vulnerabilities in Snowflake's systems to access sensitive information stored within its cloud framework.
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Shanghai DC Science Enters the Private Loan Market Amid Growing Demand for Data Centers
As the global demand for cloud services and data management continues to soar, Shanghai Data Center Science Co. is poised to capitalize on this trend by seeking a substantial private loan to bolster its operations. The company aims to secure approximately 2 billion yuan (equivalent to $275 million) to fund its expansion, catering to the rising needs of clients in a rapidly evolving digital landscape.
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Oracle to Invest $6.5 Billion in Malaysia AI & Cloud Services Hub
Oracle Corp., a global technology powerhouse, is going to invest 6.5 billion dollars in Malaysia. In this respect, it plans to set up a state-of-the-art artificial intelligence hub and cloud services as part of the major facelift for Malaysia's tech infrastructure.
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