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Whistleblower claims Twitter is a risk to national security

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Twitter misled federal regulators about its defences against hackers and spam accounts, the social media company’s former security chief Peiter Zatko said in a whistleblower complaint

Shares of Twitter dropped sharply on Tuesday after the revelation of an explosive whistleblower complaint alleging the social media company misled federal regulators about its defences against hackers and spam accounts.

The disclosures come from Twitter’s former security chief Peiter Zatko, a famed hacker more widely known as “Mudge,” who has testified before Congress about the vulnerabilities of the internet in the past.

Zatko says “If you’re looking for computer security, then the internet is not the place to be.”

Zatko, seen in an interview with Reuters at the 2019 Black Hat cybersecurity conference, filed an 84-page complaint last month with multiple government agencies, alleging that Twitter falsely claimed it had a solid security plan and said he had warned colleagues that half the company’s servers were running out-of-date and vulnerable software.

The complaint, which was first reported by the Washington Post and CNN, was also sent to congressional committees.

A Twitter spokesperson said on Tuesday that Zatko was fired in January for “ineffective leadership and poor performance” less than two years after then-CEO Jack Dorsey appointed him to the role, and said his complaint was designed to capture attention and inflict harm on Twitter.

The whistleblower complaint comes at a rough time for the social platform, as its embroiled in a legal battle with Elon Musk after he said in July he was ending an agreement to buy the company, alleging Twitter had violated the terms of the deal.

The world’s richest person has accused Twitter of hiding information about how it calculates the percentage of bots on the service.

The whistleblower complaint alleges Twitter prioritised user growth over reducing spam, offering executives massive bonuses for increases in daily users and nothing explicitly for cutting spam.

CNN reported that Musk’s legal team has subpoenaed Zatko, after the whistleblower disclosure was made public. The Tesla CEO could not be reached for comment.

This report produced by Chris Dignam, Reuters.

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Intel and AMD Join Forces to Shape the Future of x86 Chips

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In a groundbreaking development, Intel and AMD—two of the biggest names in the tech industry—are teaming up to shape the future of x86 chip technology.

 

The tech giants have established a joint advisory group to influence the design of chips that power a wide range of devices, from personal computers to large-scale servers. This collaboration marks a significant shift in the industry, as Intel and AMD, traditionally fierce rivals, work together to set new standards for chip innovation.

The aim of this partnership is clear: to stay ahead of rapid changes in the tech world and drive the future of computing. Industry experts predict that this joint effort could lead to significant advancements, with the potential to reshape the landscape of processor technology. The implications for everything from computing performance to energy efficiency could be vast.

 

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How the U.S. THAAD missile deployment to Israel will change Middle East security

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Pentagon sends THAAD system and 100 U.S. troops amid growing regional tensions

The United States has announced the deployment of its advanced THAAD missile defense system to Israel, along with 100 U.S. troops to operate it. This move is seen as a significant step in strengthening Israel’s defense capabilities amid rising security concerns in the Middle East.

The Pentagon confirmed that the Terminal High Altitude Area Defense (THAAD) system is fully operational in Israel, enhancing the nation’s ability to intercept and neutralise incoming missile threats.

This deployment comes at a time when regional conflicts and tensions, particularly involving Iran, are intensifying.

How it’s designed

The THAAD system is designed to complement Israel’s existing missile defense systems, such as the Iron Dome, by providing an additional layer of protection against long-range missile threats.

The U.S. has a long-standing defense relationship with Israel, and this latest move signals deeper military cooperation between the two nations.

With this deployment, the U.S. sends a strong message to regional actors, particularly Iran, about its commitment to defending Israel and maintaining security in the Middle East. The strategic implications for neighbouring countries are also noteworthy, as the increased U.S. military presence could impact ongoing diplomatic efforts in the region.

As tensions rise and the deployment of THAAD unfolds, questions remain about the potential challenges and risks this advanced defense system might pose.

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Boeing’s financial turbulence leads to bold cash-raising moves

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Company eyes new credit and shares to survive as strikes and delays weigh the company down

Boeing is taking drastic steps to secure its future, seeking to raise at least $10 billion by selling new shares and securing a fresh credit line.

The iconic manufacturer has been struggling this year with major setbacks, including a 737 MAX mishap in January and a machinist strike that halted production.

In filings made Tuesday, Boeing revealed plans to issue up to $25 billion in shares or debt over the next three years while locking in a $10 billion credit deal.

Sources say the company will aim to raise around $10 billion from its upcoming stock offering.

Boeing called the moves “prudent steps” to ensure access to liquidity as it faces growing financial challenges.

Its stock, which began the year at $250, rose 2% to about $152 after the announcement, as analysts expressed relief over Boeing’s efforts to stabilize its cash flow.

The machinist strike, which started last month, has intensified the company’s cash problems, with Boeing burning through $1 billion per month before the walkout.

Boeing hasn’t posted a profit since 2018, and the coming months will be critical as it battles to recover.

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