African Utility Week; Hackers Steal $40M Bitcoin

African Utility Week; Hackers Steal $40M Bitcoin

Each week we’ll bring you an overview of the latest news in cloud computing, cybersecurity and industrial IoT over the past seven days. This week we’re focused on the 19th annual African Utility Week and a massive hack targeting Bitcoin.

The 2019 African Utility Week Launches This Week

African Utility Week is officially kicking off this week in Cape Town, South Africa! Over 10,000 decision makers around the world will convene in the event to discuss new approaches and technologies that can benefit their utilities. This year’s event will highlight how new tech, such as IoT, can play a significant role in utility management.

FuseForward will be exhibiting at this year’s event. We can be found at booth E20 in the Canadian Pavilion. Registration to African Utility Week is free.

Hackers Steal $40 Million Worth of Bitcoin in Massive Security Breach

Binance, a major cryptocurrency exchange, says hackers stole more than $40 million worth of bitcoin from its customers. The Taiwan-based company, one of the world’s largest crypto exchanges, announced that it discovered a “large scale security breach” Tuesday. It said hackers stole 7,000 bitcoins in one transaction. One bitcoin trades at nearly $6,000. Learn how the hackers breached Binance’s cybersecurity.

Learn how the hackers breached Binance’s cybersecurity.

A Massive Accounting Hack Kept Clients Offline and in the Dark

Dutch company Wolters Kluver NV was hit by a cyberattack earlier this week that took down its software. Instead of telling its customers about the hack, the company told followers on Facebook and Twitter on May 6 that, out of caution, it’d taken some of its cloud-based software applications offline. But the opaque 48-word statement didn’t explain why, and left customers frustrated and worried.

Read more on how this hack affected many Fortune 500 companies.

Facebook Executive Meets with U.S. Lawmakers to Discuss Privacy

With a multibillion-dollar settlement looming for Facebook over user privacy violations, Chief Operating Officer Sheryl Sandberg met with U.S. lawmakers on Capitol Hill. The world’s largest social media network is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. Facebook said last month the settlement could cost between $3 billion and $5 billion.

Learn how Facebook is dealing with the blowback.

More information

FuseForward is an AWS Select Consulting Partner that moves, manages and maintains enterprise application workloads on the cloud. Our team of experts has over 25 years’ experience implementing enterprise asset management systems and cloud solutions across facilities, cities, transportation and utilities.

If you have a question regarding your cloud workloads, security or industrial IoT, we’re happy to help. Please contact us or drop us a line on the form below.

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