Archives: Briefings

Kids are launching cyberattacks to avoid exams

Cyberattacks are the new pulling-the-fire-alarm for getting out of test-taking, according to Matthew Prince, CEO of cybersecurity firm Cloudflare. Prince said the company sees a spike in DDoS—distributed denial-of-service—attacks at schools around exam time, blocking devices from accessing a test service. (Yahoo Finance)

Amazon files Canadian trademark for ‘Amazon Pharmacy’

The tech giant filed for the trademark on January 9 with a long list of goods and services Amazon could offer in the country, including prescription drugs, medical instruments, data-processing equipment, hospital services and insurance underwriting. The trademark status is “pre-formalized.” The company has filed similar applications in Australia and the U.K. (MobileSyrup, CNBC)

Bank of Canada joins other central banks to study issuing digital currency

The central banks of England, Japan, Switzerland, Sweden, Canada and the eurozone, along with the Bank for International Settlements, intend to share information on digital currencies with each other as they consider launching government-backed digital money in their respective regions. The Bank of Canada did not reply to a request for comment. (The Logic)

Trump and Thunberg the stars of first full day at the World Economic Forum

The U.S. president touted “an economic boom, the likes of which the world has never seen before,” and called climate activists “prophets of doom.” In an earlier speech, Greta Thunberg called for an immediate end to fossil-fuel investments, extraction and subsidies. Meanwhile, Finance Minister Bill Morneau, Innovation Minister Navdeep Bains and International Trade Minister Mary Ng headed to the WEF on Tuesday to represent the federal government. (Associated Press, The Guardian, The Logic)

U.K., Italy could face U.S. tariffs over digital-tax plans

The two countries are set to impose taxes on tech giants later this year, which the U.S. has said unfairly discriminates against its homegrown companies. If the countries don’t abandon their plans, “they’ll find themselves faced with President Trump’s tariffs,” said U.S. Treasury Secretary Steven Mnuchin. (The Wall Street Journal)

The Athletic scores a US$50-million raise, now valued at half a billion dollars

With the Series D funding round, the subscription-based digital sports-media company has raised a total of US$139.5 million since launch and is valued at roughly US$500 million, according to Axios sources familiar with the deal. Investors in the round include Laurene Powell Jobs’s Emerson Collective and Matthew McConaughey, through Plus Capital. (Axios)

Apple drops device backup encryption feature following FBI objections

About two years ago, the technology company reportedly planned to allow users to encrypt iCloud copies of the contents of their iPhones, which the firm would have been unable to unlock. Cybercrime and technology officials at the law enforcement agency said the change would impede their investigations. Apple declined to comment on why it did not move forward with the plans, and the FBI did not respond to Reuters’ requests for comment. (Reuters)