HomeBusinessAuto Dealership Software Platform Forced to Pay $25 Million Ransom

Auto Dealership Software Platform Forced to Pay $25 Million Ransom

Published on

Top Tech News of the Week: CDK Global Cyberattack, Google Gemini AI, Microsoft SpreadsheetLLM, Anthropic’s Claude Chatbot, German Navy Floppy Disks

The tech world has been buzzing with some major developments this week that could impact your business. Here are five key highlights:

1. CDK Global, a software provider for car dealerships, paid a $25 million ransom to end a cyberattack that disrupted operations for 15,000 dealers. This incident highlights the vulnerabilities in automated and centralized systems that can lead to catastrophic security breaches.

2. Google announced that its video creation app is now powered by Gemini AI, allowing users to create videos with prompts to the AI assistant. While the tool may not be fully useful yet, it is expected to become more powerful in the future.

3. Microsoft introduced SpreadsheetLLM, an AI system designed to extract insights from spreadsheets and enhance productivity for enterprises. This tool aims to improve data interpretation from complex documents such as spreadsheets.

4. Anthropic’s Claude chatbot is now available as a free Android app, outperforming competitors in certain benchmarks. This AI assistant can be a valuable tool for research and conversations across devices.

5. The German Navy is still using 8-inch floppy disks for critical systems and is working on emulating a replacement to modernize their technology. This transition aims to maintain operational functionality while updating to more reliable and secure technology.

These developments in the tech world showcase the ongoing advancements and challenges that businesses face in adopting new technologies and ensuring cybersecurity. Stay informed and prepared to navigate the ever-evolving tech landscape to protect your business and stay ahead of the curve.

Latest articles

US government introduces plan for implementing national standards strategy for critical and emerging technologies

U.S. Government Releases National Standards Strategy for Critical and Emerging Technology Implementation Roadmap The U.S....

Siddhi Capital secures $155 million for Fund II, prioritizing investments in CPG brands and food-tech companies at a 2:1 ratio

Siddhi Capital Invests in CPG Brands and Food-Tech Companies, Focuses on Mainstream Appeal and...

Big Tech valuations under scrutiny as US stock market experiences turbulence

Tech Stock Valuations Under Scrutiny Amid US Market Selloff The recent selloff in US stocks,...

NWACC introduces new trail technology program

NorthWest Arkansas Community College Launches Trail Technician Program with Enrollment Open for September Start...

More like this

US government introduces plan for implementing national standards strategy for critical and emerging technologies

U.S. Government Releases National Standards Strategy for Critical and Emerging Technology Implementation Roadmap The U.S....

Siddhi Capital secures $155 million for Fund II, prioritizing investments in CPG brands and food-tech companies at a 2:1 ratio

Siddhi Capital Invests in CPG Brands and Food-Tech Companies, Focuses on Mainstream Appeal and...

Big Tech valuations under scrutiny as US stock market experiences turbulence

Tech Stock Valuations Under Scrutiny Amid US Market Selloff The recent selloff in US stocks,...