September 14, 2024
Tech News
ST Telemedia has announced a significant investment of SGD 4.17 billion (US$3.2 billion) to expand its data centre capacity in India by 550MW over the next five to six years. This expansion aims to meet the growing demand for digital infrastructure driven by increased data consumption and the adoption of AI applications. Currently, ST Telemedia holds about 28% of the Indian data centre market share.
A report highlights the challenges of digital transformation in the APAC region, noting that about 70% of such initiatives fail. Key issues include the complexity of integrating new technologies and a tendency for organizations to focus on short-term strategies. Experts suggest that leadership involvement and a long-term strategic outlook are crucial for successful digital transformation.
23andMe has agreed to pay $30 million to settle a class action lawsuit related to a data breach that exposed the personal information of over 6.9 million customers. The breach, attributed to credential stuffing, raised concerns about the company’s ability to protect user privacy, particularly for those with specific heritage backgrounds. The settlement is expected to be largely covered by cyber insurance.
Tech Explained
Data Centre – A data centre is a facility used to house computer systems and associated components, such as telecommunications and storage systems. It typically includes redundant or backup power supplies, redundant data communications connections, environmental controls, and security devices.
Digital Transformation – Digital transformation is the process of using digital technologies to create new or modify existing business processes, culture, and customer experiences to meet changing business and market requirements.
Credential Stuffing – Credential stuffing is a type of cyberattack where attackers use automated tools to try large numbers of username and password combinations to gain unauthorized access to user accounts.
Cyber Insurance – Cyber insurance is a type of insurance product designed to help businesses mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event.
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