Design flaws in chips from chipmakers such as Intel, AMD, and ARM have put millions of devices at risk of being attacked by hackers. Mayank Choudhary, VP of Product at OberserveIT, was with us to explain how it happened and what consumers can do to protect themselves.
The security holes could make sensitive data, such as passwords, vulnerable and have put chipmakers in the hot seat. Choudhary said it is an IT tsunami that he did not see coming. He said consumers need to quickly update their systems with the patches released by Apple and Microsoft.
Choudhary emphasizes that transparency is key when it comes to timing of when these breaches are disclosed. With the recent string of attacks, he said he sees more pro-activeness from the suppliers and manufacturers.
Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the worst of the recent crisis is over and the health of the banking system remains strong.
Apple is leading Wall Street toward its biggest rally in nearly four months Friday after the market's most influential company reported a better profit than feared.
Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid.
America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising strength despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy.
Danny Taing, founder and CEO of Bokksu, joined Cheddar News to discuss his path on how he became an entrepreneur to launch a company that delivers artisanal Japanese snacks. "When I moved back from Japan to New York, I had this bit of reverse culture shock ... a lot of people had somewhat of a one-dimensional view of Japan ... they saw this country where people ate sushi every day ... none of that is true," he said.
Will Rhind, CEO of GraniteShares, joined Cheddar News to discuss Thursday's trading session amid renewed fears over the regional banking crisis as well as concerns over the debt ceiling debate.
