Transport For London Faces Cyber Threat - 1

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Transport For London Faces Cyber Threat

  • Written by Kiara Fabbri Former Tech News Writer
  • Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor

Transport for London (TfL) is currently dealing with a cyberattack that has disrupted its internal systems, as reported by BBC .

The organization, which operates most of London’s transportation network, has confirmed that there is no evidence of customer data being compromised and that transport services are currently unaffected. However, the full extent of the damage remains unknown, as reported by the BBC.

Shashi Verma, TfL’s Chief Technology Officer, stated that several measures have been introduced to contain the situation. “The security of our systems and customer data is very important to us,” Verma emphasized, notes the BBC.

He also mentioned that TfL is working closely with the National Crime Agency (NCA) and the National Cyber Security Centre (NCSC) to fully assess and respond to the incident.

In response to the threat, TfL has implemented measures to contain the cyberattack and prevent further access to its systems, as reported by the BBC.

The attack appears to have primarily impacted TfL’s back-office systems at its corporate headquarters. Insiders have reported to the BBC that staff have been advised to work from home if possible, further highlighting the severity of the incident within the organization’s administrative functions.

The Guardian reports that the NCA and NCSC are actively involved in the investigation, but details of the breach and the extent of the damage remain unclear. Both agencies have acknowledged the incident, stating they are working closely with TfL to determine the full impact and to prevent any further unauthorized access to TfL’s systems.

The situation is being closely monitored, and further updates are expected as the investigation progresses. While the immediate threat to customer data and transport services seems to be under control, the full ramifications of the cyberattack are yet to be determined.

Intel To Announce Plan To Cut Costs And Sell Businesses - 2

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Intel To Announce Plan To Cut Costs And Sell Businesses

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor

The American tech corporation Intel is expected to soon announce plans to downsize and cut production costs.

According to Reuters , key executives, including the company CEO Pat Gelsinger, will share with the board of directors a new plan with significant suggestions in a few days.

“The plan will include ideas on how to shave overall costs by selling businesses, including its programmable chip unit Altera, that Intel can no longer afford to fund from the company’s once-sizeable profit,” wrote the news agency.

In August, Intel announced through a press release that it will lay off over 15,000 employees , 15% of its workforce, by the end of this year. And the downsizing strategy continues.

The upcoming meeting is planned for mid-September and should address new solutions during one of the most difficult times of the company.

As reported by Reuters, earlier this year intel split its design business from its foundry business as it has been sharing separate financial reports. This has been a strategy to separate customers and keep the secrets of the technological advances of its most advanced products, such as chips.

Intel has been having a hard time keeping up with the fast pace of AI to compete against giants like Nvidia—already developing more affordable AI chips and increasing its sales and production.

While Nvidia is one of the most powerful companies in the market —briefly reaching first place in the stock market this year— with a $3 trillion valuation, Intel has sunk below $100 billion. The earnings reports shared in August revealed a tragic panorama.

Gelsinger and other company experts will propose to reduce expenses on factory expansions including its $32 billion factory in Germany. They have also requested advice from investment companies Morgan Stanley and Goldman Sachs on what products to sell, and will likely offer them as soon as the board approves.