Techstrong News Recap – August 4, 2022

Hi again, everyone here the headlines for August 4th. First in news hacker stole nearly 200 million dollars in cryptocurrency from Nomad a tool used for swapping tokens between blockchains. Currently it's unclear exactly how the attack was orchestrated or if no matter what comments a users who lost tokens many blockchain Security Experts have coined the attack of free for all as anybody with knowledge of the exploit could use it to withdraw money.

No matter is known as a blockchain bridge which allows users to exchange tokens and information. This is one of many instances where these Bridges have been exploited as they become a prime target for hackers. 54 million metric tons of carbon dioxide in 2021 and 18% increase from 2020 and almost a 40% increase from 2019.

Throughout 2020 and 2021 e-commerce saw a unprecedented boosts forcing Amazon to add more delivery Vans planes and trucks. Such additions have definitely contributed to the increase in emissions despite this in 2019 Amazon committed to a climate pledge committing to become carbon neutral by 2040. Although the increase in carbon emissions may be temporary it surely step in the wrong direction.

In other news Volkswagen has selected innovists to supply its lighter technology as Volkswagen continues to develop self-driving cars. Since the announcement in of his stock has surged more than 19 percent. This is individ's third design partnership with an automaker continuously improving its stock with Wall Street projecting its 2023 sales at 33 million dollars.

Even further to its benefit and if this is a tier one supplier of VW meaning it can sell directly to the automaker opposes sending parts to other suppliers lidars laser-based radar technology that is integral and in enabling self-driving cars and it is the primary reason in a visit is soaring past its competitors. next Uber sell some good news as a generated 382 million dollars in cash during the April June period this marks Uber's fourth consecutive quarter where it's been profitable in generating 384 million dollars Uber crushed its projective 277 million dollars. 6 billion dollars as many companies have suffered over the past few months as well.

much of Uber's recent losses come due to declines in the stake of Aurora, which is self-driving car company as well as shaking investment in a Singapore transportation service called grab The CEO of uber spoke in The Current financial conditions of the company saying that he is confident in the company will build upon its momentum and possibly surpassed previously set goal of 1 billion in free cash flow annually. We'll have to see how the company rebounds in the second half of the year. But Uber is clearly optimistic.

Also news Alibaba was recently added to the sec's list of Chinese companies being listed for not meeting auditing requirements. This resulted in the drop in shares listed in both New York and Hong Kong the SEC requires foreign public companies to issue an audit report where the firm has a branch and alibaba's audits for the fiscal year could not be fully reviewed. Alibaba said it will work with Regulators to stay listed in both stock exchanges.

com. We have an article breaking down the seven layers of the open systems interconnection or OSI model. The oso The OSI model is a conceptual model to help visualize a computerized Network.

There are seven layers of the model moving from the basic electrical connections up to more user facing categories. Send it since it is common for engineers to refer to these different layers. It is important to understand each layer.

com. On container Journal we have an article discussing brandis's recent release of its cognitive application integrated development environment IDE that includes a local instance of kubernetes called the lens Pro Edition. Over 650,000 developers already used the lens IDE and marantis estimates that up to 3 million developers are building Cloud native applications on kubernetes clusters.

Demand for cloud native applications has always exceeded the pool of developers with kubernetes expertise and with dependencies of microservices increasing the environment becomes harder to maintain at scale. With lens Pro it will be easier for developers to address this issue. Finally on Security Boulevard.

We have an article discussing the risks that identity management poses towards adopting multi-clouds while more and more companies are moving applications to the cloud. They're having to deal with challenges such as identity silos passwordless MFA and managing compliance when these challenges are not correctly managed the level of cybersecurity risk increases one way to manage. These challenges is through identity orchestration Solutions.

And that's today's text wrong news recap.