marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
information technology
12/13/2024
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By Ava Grace
Scammers using fake Telegram verification bots to steal cryptocurrency assets from unsuspecting victims
Scammers are combining social engineering with fake Telegram verification bots to inject crypto-stealing malware into users’ systems, leading to substantial losses. The scam involves creating counterfeit X accounts impersonating popular crypto influencers, luring followers to Telegram groups, and prompting them to verify their identities through a fake bot named “OfficiaISafeguardBot.” The fake bot injects a […]
12/04/2024
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By Ethan Huff
Beijing fights back against U.S. economic “bullying” after Washington restricts chipmaking exports to China
The U.S. Department of Commerce announced an export ban to China this week that covers 24 different types of microchip manufacturing equipment, prompting Beijing to issue a statement that “necessary measures” will now be taken to safeguard China’s semiconductor industry. The Commerce Department under President Biden will no longer allow the equipment, which includes three […]
10/09/2024
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By Ethan Huff
American Water, nation’s largest water utility, hit with CYBERATTACK that left call center with “limited functionality”
Customers of the nation’s largest water utility, American Water, were left unable to pay their bills this past week after a cyberattack left the company’s billing system non-operational. American Water says it identified “unauthorized activity” taking place within its computer networks and systems that was later determined to be a “cybersecurity incident” that deactivated and […]
10/07/2024
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By Ramon Tomey
Bank of America outage leaves customers with ZERO BALANCE in their accounts
An outage that hit Bank of America (BofA) has left customers with zero balance in their accounts. According to the National Pulse, an “unknown number” of BofA account holders experienced the glitch on Oct. 2. Thousands of customers reported being unable to access their bank accounts, while those who were able to do so found […]
09/03/2024
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By Ethan Huff
India abandoning U.S. dollar in favor of cryptocurrency for trade settlements
After successfully completing its first-ever crude oil transaction with the United Arab Emirates (UAE) using local currencies rather than the U.S. dollar, India is now ready to finish transitioning to cryptocurrency as the sole medium for conducting international trade. One of the original five BRICS countries to challenge Western hegemony, India is relying on the […]
08/01/2024
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By Ethan Huff
Delta hires powerful attorney David Boies to pursue damages against CrowdStrike, Microsoft after unprecedented IT outage
Atlanta-based Delta Air Lines is bringing in the big dog to try to recoup the upwards of $500 million the company lost as a result of the CrowdStrike and Microsoft outage that occurred on July 19. David Boies, a high-profile attorney and chairman of Boies Schiller Flexner, will help Delta pursue damages from both CrowdStrike […]
07/31/2024
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By Olivia Cook
British newspapers highlight RISKS of a CASHLESS SOCIETY after major global IT outage
British newspapers have warned of the risks that come with moving toward a cashless society in light of the global IT outage that affected Microsoft systems. According to independent journalist Nick Corbishley, the mainstream media has “played a key role in advancing the Global War on Cash – a war that began with no official declaration […]
07/26/2024
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By Ethan Huff
CrowdStrike CSO Shawn Henry sold 4,000 shares of the company on July 15, just days before Microsoft-CrowdStrike tech outage crippled global tech platforms
On July 15, just a few days before the Microsoft-CrowdStrike global tech outage caused by a corrupted anti-virus update (or so we are told), CrowdStrike Chief Security Officer Shawn Henry sold 4,000 shares of CrowdStrike Holdings Inc (NASDAQ: CRWD), a recent SEC filing shows. After the sale, Henry now owns 183,091 shares of the company, […]
07/25/2024
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By Cassie B.
Fortune 500 companies to incur more than $5 billion in losses from CrowdStrike outage – and that’s EXCLUDING Microsoft
The damage from the huge IT outage caused by CrowdStrike on machines running Microsoft software last week that brought air traffic to a standstill, left some hospitals unable to provide certain services, and rendered many businesses unable to operate is still being tallied, but the modeling and insurance services firm Parametrix has already come up […]
07/25/2024
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By News Editors
The CrowdStrike global outage shows the serious dangers of a centralized, digitized world
The perils of over-reliance on digital systems have been once again highlighted by the crashing of computer systems around the world due to an update to the Falcon antivirus and security product from CrowdStrike affecting its interaction with the Windows operating systems. The update has caused chaos for banking, retail, railways, airports, healthcare and for […]
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