Tech News Hub: WEEKLY NEWS ROUNDUP
The second Tech News Hub: Weekly News Roundup of February comes loaded with global tech stories. We start with the most popular social media company Meta having trouble falling in line with European privacy laws.
User data transfer from Europe to US servers is seen as a privacy concern by the European regulators. Questions arise whether the continuously fine slapped social media could comply with what Europe had in store this time around. Meta's annual report said they might pull out popular services such as Facebook and Instagram from Europe.
The European authority seemed in a non-hesitant position to discuss the ongoing as many even said, "life is perfect without Facebook, and we would live very well without Facebook." The news came in as the US and the EU are stuck in negotiations over plans to "replace a transatlantic data transfer pact that thousands of companies relied on."
Meta says it is not possible to send targeted ads without data collection. If the data stayed on servers somewhere around the EU, where no outside force has permission to eavesdrop, the case would be different.
The European Court of Justice broke down the privacy shield for existing data in 2020; till now, the problem is hanging. A fall in stock prices took down hundreds of billions of dollars from the company's total valuation due to the recent events. Please read our full story to learn more.
Even though the legacy IT systems will not be replaced anytime soon, the network and telecommunications gear repair, replace and upgrade will not fall under Chinese companies' hands. The US and the UK are using native companies to serve network communication needs.
In this regard, US telecoms requested $5.6 billion to rip out insecure Huawei and ZTE equipment. The FCC received applications from over a hundred eighty-one applicants to serve as the government's network and communication partner. A fund of $5.6 billion is asked to comply with the scheduled work.
Overseas networks and telecommunication such as China seem like a threat to the security of a nation. They are bringing companies closer to the map of growth opportunities. The Federal Communications Commission (FCC) launched Secure and trustee Communications Network Reimbursement for $1.9 billion.
In another news, Apple again fined $5.7 billion for a dispute in the App Store by Dutch watchdogs. The three trillion-dollar company does not seem bothered with a small fine of millions, but the policy change may hurt its financial capita. The company has a strict rule for in-app purchases. They are only done through the App Store, funnelling in all the funds, taking in a fee.
Their fight with the famous video game Fortnight's publisher Epic Game made through weeks of news as it could change how people buy digital products from the App Store. The company mentioned privacy concerns and possible money loss if implemented.
But the Dutch watchdogs do not seem to be giving any warning soon but giving another fine after that. A penalty has been slapped for around five million euros for the third time. A list of dating applications from the Netherlands could benefit from third-party payment methods.
Apple made an exception with the Dutch watchdog. Publishers or developers who want to comply with Dutch-Apple regulation should change The StoreKit External Purchase Link Entitlement via an entitlement form. Those who want to keep things the same do not need any modification. A proper explanation of terms is given in our full story.
Our fourth coverage was on Google's Privacy Sandbox meeting the UK's Competitions and Markets Authority (CMA). The Privacy Sandbox features security concerns on user-data and app tracking policy. It is "giving publishers, creators and other developers the tools they need to build a thriving business."
CMA consulted and modified commitments offered by Google on 26 November 2021; it came up as a follow-up. The Information Commissioners Office (ICO) conducts frequent meetings with Google to give the audience the best experience possible without being robbed of personal information.
The dealings are revamped on the Mergers and Acquisitions (M & M&A) side of things as the tech talent shortage continues. According to reports, last 2022 had 340,000 unfilled IT job offerings. CompTIA analysed the Labour Department employment data and gave the result.
M&A makes up for a significant percentage of profit in the business segment. The Wall Street Journal reported coronavirus is responsible for sparking a 10 per cent increase in IT business-services deals last year. Read more from our full story.
The security side of things is always interesting, and this time around, CISA updated the Known Vulnerabilities catalogue again. Fifteen new vulnerabilities were added to the list, and federal agencies are given a timeline till 15 February to patch them.
Log4J on Apache remains one of the sought-out patches even though it is tough to pinpoint threats. CISA does a great job revealing these vulnerabilities as they start to come off after a very long time. Federal agencies thanked CISA's effort in finding these vulnerabilities before unexpected events took place.
The CVE-2021-27104, also known as the Accelliion FTA, CVE-2020-0768, Microsoft SMBv3, Jetkins DevOps, CVE-20180-100861, ActiveMQ message broker, Struts framework, CVE-2021-36934 are also given rankings by the CVSS.
Our Tech News Hub: Weekly News Roundup sums up CRN's 36th MSP of the top 500 solution provider for this quarter's results. Even though staffing constraints remain a concern along with the supply chain issue, the service provider managed to keep its head up and serve its customers.
Over the years, the company went through six significant acquisitions; a brief is placed within the main story. Currently, ePlus offers managed services, cloud and cloud data centre, security, collaboration, networking, AI, digital transformation, financing and a group of vast offerings. These offerings make up for the diverse portfolio customers need from a national service provider. Check out our main story to read CEO's prediction for the company.
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