Enterprise

Up to 1500 companies hit by REvil ransomware attack, demand $70 million

The same attackers took down the US’ Colonial pipeline

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REvil

Russian cybercriminal group REvil demands a US$ 70 million Bitcoin ransom after carrying out a major ransomware attack in the US and Europe. The US was celebrating its independence day as one of the world’s largest cyberattacks wreaked havoc in hundreds of businesses.

The ransom demand comes two days after news broke about the attack. It was initially suspected at least a few hundred small and medium-sized companies to be affected as a result. The primary software provider, Kaseya, and governments in a dozen countries are working since Friday to crack the encrypted lock on thousands of affected computers.

Ransomware is defined as malicious software that tries to extort money from its victims. The demands are straightforward: pay the ransom, or have your operations severely compromised or shut down completely. Due to the ransomware, thousands of computers are no longer functional, rendering entire businesses non-operational.

According to Reuters, up to 1500 businesses may be affected. Initial reports had found demands of $US 5 million from the bigger companies that were hit by the ransomware attack and as low as US$ 45,000 from the smaller ones.

Kaseya’s software is used by Managed Service Providers (MSPs) to perform IT tasks remotely. Kaseya has administrator access across systems by design as a managed service provider to deliver its remote management. Because of this, an auto-update on July 2 delivered REvil ransomware to affected systems.

Global effects

The ripple effects of the attack are visible globally. The disruption took down hundreds of supermarkets in Sweden because their cash registers were inoperative, and schools and kindergartens went gone offline in New Zealand.

In May, REvil attacked Colonial Pipeline and managed to get the company to pay a $5 million ransom after its functionality and services were restricted, sparking a gas crisis in the US. With the ransom demand out in the open, it remains to be seen how the issue progresses at the moment.

Enterprise

NVIDIA CEO Jensen Huang resigns after scandals

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NVIDIA’s week is finally and mercifully coming to an end. After being implicated in two extramarital affairs, now-former NVIDIA CEO Jensen Huang has resigned from his position.

It’s been a terrible week for Huang’s personal life. Last weekend, a bombshell report revealed that Huang engaged in an affair with Alice Huang, who is reportedly involved with Chinese intelligence. Quickly realizing the heaviness of the allegations, the CEO admitted quickly to the affair.

However, barely 24 hours ago, another report revealed that Huang had a second extramarital affair. Though he was clear of any more espionage allegations, his romantic affair of choice was another executive within the company. NVIDIA’s board of directors quickly debated whether Huang should be fired for his actions.

Now, Huang has voluntarily resigned from his position. The former CEO leaves behind his spot at the head of the table since cofounding NVIDIA in 1993.

In his stead, the board of directors have named incumbent CFO Colette Kress as the company’s interim CEO while the board searches for a permanent replacement. Despite her interim role, Kress will continue her duties as CFO.

Additionally, the board has named Harvey C. Jones, a member of board since its founding, as its first chair of the board.

Though the company will leave most of the controversy behind with Huang’s departure, its next chapter is about to begin. Will its new direction maintain the company’s tenuous balance between AI and gaming, or tip the scales towards one segment?

SEE ALSO: NVIDIA CEO admits to having an affair with alleged Chinese spy

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Enterprise

NVIDIA might fire CEO Jensen Huang after alleged second affair

This time, it’s with an executive within the company.

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After a horrendous first half of the week for the company, NVIDIA continues its string of bad luck after a new report alleges that CEO Jensen Huang engaged in a second extramarital affair with an executive within the company. As a result, the company is reportedly preparing to oust Huang from his position.

Early this week, a bombshell of an allegation implicated Huang in an extramarital affair with a supposed agent of Chinese intelligence. Soon after, Huang admitted to having an affair but declined to comment about the spy allegations. Because of his admission, NVIDIA decided to start an internal investigation into Huang’s activities but remained confident in Huang’s ability to continue leading the company.

Though the investigation has not concluded yet, a new report is further rocking the company. According to The New York Times, the same outlet that first reported on the Chinese spy allegations, Huang  was involved in a second extramarital affair with Kimberly Powell, NVIDIA’s vice president of healthcare products. She reports directly to Huang.

Based on the Times report, bystanders caught the couple being intimate in public but were offered to sign an NDA about what they saw. Both Huang and Powell are notably married.

After the recent findings, NVIDIA’s board reportedly met to discuss Huang’s future, according to the Wall Street Journal. The board of directors is supposedly preparing to fire Huang. The CEO’s controversies have caused the company’s stock value to drop. The problem, however, is that Huang does not have a clear successor, leading the company into potential limbo once he’s ousted.

SEE ALSO: NVIDIA CEO admits to having an affair with alleged Chinese spy

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Enterprise

Epson launches AX6 Collaborative Robot in Southeast Asia

For pharmaceutical, logistics, automotive and electronic manufacturing industries

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Epson has launched the AX6 Collaborative Robot (Cobot) in Southeast Asia. The new robot is designed to meet the growing demand for flexible deployment, energy-saving performance, and advanced safety capabilities for cleanroom environments.

Particularly, the AX6 is designed for pharmaceutical, logistics, automotive and electronic manufacturing industries.

Such launch addresses a rapidly expanding market, with the ASEAN region’s Industrial Automation and Process Control market size poised to grow from US$ 10.06 billion in 2025 to US$ 17.54 billion by 2033, according to SkyQuest Technology Consulting.

The Epson AX6 Collaborative Robot has a lightweight and compact carbon-body arm manipulator that can be deployed easily.

This, even within constrained environments so laboratories, cleanrooms, and specialized production facilities do not have to make significant changes to existing layouts and infrastructure.

At just 17 kilograms, the AX6 is the lightest cobot in its class. Its integrated support for both AC and DC power supplies enables flexible installation. It is also compatible with autonomous mobile robot (AMR) and automated guided vehicle (AGV) applications.

Accessible automation, cleaner and safer operations

Moreover, the AX6 is designed so operators can train the robot manually by setting physical points and workflow. Meanwhile, easy block programming enables entry-level users to create automation workflows.

For users requiring more complex robotic functions, the AX6’s compatibility with widely used development tools, including Python and the Robot Operating System (ROS), further supports flexible integration across different environments and user skillsets

And in certain sectors like life sciences and healthcare, the the AX6 features an easy-to-clean, screwless surface with internal wiring and tubing to minimize contamination risks.

It comes standard with an ISO Class 5 cleanroom classification and IP54 dust and splash protection. This makes it a fully compatible and safe partner in environments where hygiene is critical.

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