Category Archives: Top Story

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The world according to Hinton: Slowing AI down is not the answer

Eight months ago, Geoffrey Hinton, the esteemed professor emeritus at the University of Toronto who resigned his post at Google over concerns about artificial intelligence (AI) advances, stated in a speech at Collision 2023 that the world is “entering a period of huge uncertainty.” When he speaks, people listen, due in large part to the […]

Telus spearheads virtualized roaming gateways, in collaboration with AWS and Samsung

International roaming speeds are usually slower than those on a provider’s own network because traffic has to be routed through its home country. This could soon be a thing of the past, thanks to a new collaboration between Telus, Amazon Web Services (AWS) and Samsung. The new approach, known as network cloudification, enables Telus to […]

UK leads takedown of LockBit ransomware gang’s website

The LockBit ransomware gang’s website has been seized, several news agencies reported late Monday. The Reuters news agency and The Register are carrying stories based on a new splash screen that has appeared on the gang’s website. It says, “This site is now under the control of the National Crime Agency of the UK, working […]

Ottawa willing to improve cybersecurity bill, ministers tell MPs

Two senior Canadian cabinet ministers have told a parliamentary committee that the government is willing to make changes to its proposed cybersecurity legislation for federally regulated critical infrastructure providers to strengthen the bill. Industry Minister François-Philippe Champagne and Public Safety Minister Dominic LeBlanc made that pledge Thursday before the House of Commons national security committee […]

Inadequate ID authentication blamed for 2020 data thefts at Canada Revenue, ESDC

The theft of tax and employment records of 48,000 of Canadians four years ago was the fault of poor IT authentication security, says the country’s privacy commissioner. Attackers employed credential stuffing using previously stolen usernames and passwords to get into the IT systems of the Canada Revenue Agency (CRA) and Employment and Social Development Canada […]

Breaking news: Cisco to cut roughly 4,250 from its payroll

Cisco late this afternoon released its second quarter results, as well as announcing a reduction of its payroll by five per cent, which in terms of head count means an estimated 4,250  employees will be receiving termination notices. According to a Reuters report, the company “lowered its annual revenue target as (it) navigates a tough […]

EY Canada, Microsoft launch climate stress testing initiative for FIs

Consulting and accounting firm EY Canada today launched the EY Climate Stress Testing and Scenario Analysis solution, a service running on Microsoft Azure which it said is designed to help safeguard Canada’s financial sector against the impacts of climate change. Mario Schlener, EY Canada risk consulting leader, said a key reason for the system’s development […]

NRC announces funding for quantum collaborations

The National Research Council of Canada (NRC) today announced that 11 Canadian companies have been selected to receive funding to collaborate on projects with partners in the U.K., following a joint Canada-U.K. call for proposals by the NRC and UK Research and Innovation (UKRI). The projects, NRC said in a release, “focus on developing real-world […]