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Tech

BlackCat Group claims responsibility for Reddit hack

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The group stole 80gb of user data in the February phishing attack, highlighting user dissatisfaction with recent policy changes on the platform

A ransomware group is claiming responsibility for a hack on Reddit’s systems earlier this year — and demanding not just money but policy changes.

The group known as BlackCat says it was behind the February phishing attack on Reddit.

It claims to have stolen 80 gigabytes of data from Reddit and will release it, unless Reddit rolls back its planned changes to its API – application programming interface – policy.

It’s also demanding US$4.5 million in ransom.

Andrew Rossow, attorney and CEO of AR Media said it was a strange case of a possible sophisticated black hat exploitation.

“The Reddit culture has been that everybody should have some kind of democratised access to everything going around in our world,” he said, “and for this type of policy that says we’re going to restrict this type of access… that’s a huge change.”

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Tech

EV market shifts as prices are slashed

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Recently, there’s been a noticeable shift in the electric vehicle market, with major players like Nissan, Polestar, and Peugeot offering unprecedented discounts of $15,000 or more below the recommended retail price.

BYD have abandoned their fixed-price models in favour of traditional franchise dealerships. Could this trend reverse? Amidst these developments, Australia anticipates the launch of its first plug-in hybrid utility vehicle, the BYD Shark, following its global debut in Mexico last week. Stay tuned for further updates. #Featured #Trending

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News

Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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Leaders

Is cloud technology the solution for every organisation’s needs?

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Amidst the dominance of cloud technologies in the tech landscape, questions are rising over applicability and its cost implications.

As businesses increasingly migrate to cloud technologies, skepticism is brewing over whether it’s the optimal solution for every organisational need.

Additionally, the notion of “free” cloud services is being challenged, highlighting the importance of understanding the true costs and benefits associated with cloud adoption.

Harsha Patil, Engineering manager, California USA shares his key insights on the cloud conundrum. #featured

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