Category Archives: Business

economy and business news

Tigray, Ethiopia: From Conflict to Humanitarian Crisis

VOA traces the beginnings of the conflict that grew into a humanitarian crisis in Ethiopia’s Tigray region. In early November 2020, the federal government of Ethiopia — led by Nobel Peace Prize-winning Prime Minister Abiy Ahmed — launched a military campaign to regain control of the contested region from the Tigray People’s Liberation Front fighters. […]

From: BoorSee

Child Among 4 Dead in Shooting at California Office Building

A child was among four people killed Wednesday in a shooting at a Southern California office building that left a fifth victim and the gunman critically wounded, police said.The violence in the city of Orange southeast of Los Angeles was the nation’s third mass shooting in just over two weeks.When police arrived at the two-story […]

From: BoorSee

UN: 2 Women, 3 Children Drown in Shipwreck off Libya’s Coast

Two women and three children drowned when a boat carrying dozens of Europe-bound migrants capsized off Libya, a U.N. official said Wednesday. It was the latest shipwreck involving migrants seeking a better life in Europe.Safa Msehli, spokesman for the International Organization for Migration, said the incident took place late Tuesday. A fishing boat and Libya’s […]

From: BoorSee

Philippines Demands China Remove Vessels at 6 islands, Reefs

The Philippine government said Wednesday that more than 250 Chinese vessels it believes are operated by militia have been spotted near six Manila-claimed islands and reefs in the disputed South China Sea and demanded that China immediately remove them.The gathering of the Chinese-flagged vessels, along with four Chinese navy ships at a Chinese-occupied manmade island […]

From: BoorSee

7 Hong Kong Democracy Activists Convicted Over 2019 Protest

Seven of Hong Kong’s prominent pro-democracy activists were found guilty Thursday of organizing and participating in an unlawful assembly during the 2019 anti-government demonstrations.The activists include media tycoon Jimmy Lai, the founder of the pro-democracy newspaper Apple Day, and 82-year-old barrister Martin Lee, one of the founders of the opposition Democratic Party.  Also convicted Thursday […]

From: BoorSee

Beijing Orders Closure of Chinese Law Firm Tied to Hong Kong Activists

A Chinese law firm linked to the defense of one of 12 pro-democracy activists who allegedly attempted to flee Hong Kong for Taiwan has been ordered to disband, a development that reflects tightening constraints on rights lawyers in China. Human rights lawyer Ren Quanniu, who represented one of the so-called Hong Kong 12, confirmed to VOA […]

From: BoorSee

South Africans Construct Award-Winning Zero-Carbon Home 

A team of nine South African students and young professionals won a Cape Town competition to create a zero-carbon home, just ahead of Earth Day on April 22.Experts say the house design, which incorporates solar power, passive cooling, rainwater harvesting and a food garden, could help reduce the nation’s carbon footprint.The first My Clean Green Home — a local building […]

From: BoorSee

Microsoft Wins $22 Billion Deal Making Headsets for US Army

Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets.  
 
Microsoft and the Army separately announced the deal Wednesday.
 
The technology is based on Microsoft’s HoloLens headsets, which were originally intended for the video game and entertainment industries.
 
Pentagon officials have described the futuristic technology — which the Army calls its Integrated Visual Augmentation System — as a way of boosting soldiers’ awareness of their surroundings and their ability to spot targets and dangers.
 
Microsoft’s head-mounted HoloLens displays let people see virtual imagery superimposed over the physical world in front of them — anything from holograms in virtual game worlds to repair instructions floating over a broken gadget. Users can control what they see using hand gestures or voice commands.
 
The Army’s website says soldiers tested the gadgets last year at Fort Pickett in Virginia. It said the system could help troops gain an advantage “on battlefields that are increasingly urban, congested, dark and unpredictable.”
 
The Army first began testing Microsoft’s system with a $480 million contract in 2018 and said the headsets could be used for both training and in actual battle. The new contract will enable Microsoft to mass produce units for more than 120,000 soldiers in the Army’s Close Combat Lethality Task Force. Microsoft said the contract will amount to up to $21.88 billion over the next decade, with a five-year base agreement that can be extended for another five years.  
 
Microsoft President Brad Smith told the Senate Armed Services Committee in February that the system could integrate thermal night vision and facial recognition to provide soldiers with “real-time analytics” on remote battlefields. He also described how it could help in planning a hostage rescue operation by creating a “digital twin” of the building.
 
A group of Microsoft workers in 2019 petitioned the company to cancel its initial Army deal, arguing it would turn real-world battlefields into a video game.
 
Microsoft is among several tech companies that have sought to wow the gaming world with glitzy new virtual reality goggles over the past decade, though the efforts have largely fizzled. Microsoft pivoted away from consumer applications for its second-generation HoloLens 2, introduced in 2019, which is the basis for the Army’s new gadgets.
 
Although Microsoft recently demonstrated a way to use the goggles to play the hit game Pokemon Go, it mostly pitches the devices as work tools to help surgeons, factory crews and others.  
 
The headset deal is part of Microsoft’s broader work as a defense contractor. The Pentagon in September reaffirmed Microsoft as winner of a cloud computing contract potentially worth $10 billion, although the work has been delayed by a legal battle over rival Amazon’s claim that the bidding process was flawed.
 

US Lawmakers Press Big Tech for Internal Research on Kids’ Mental Health

Four Republican U.S. lawmakers requested on Tuesday that Facebook Inc., Twitter, and Alphabet Inc.’s Google turn over any studies they have done on how their services affect children’s mental health.The request follows a joint hearing last week of two House Energy and Commerce subcommittees at which the companies’ chief executives discussed their content moderation practices in the wake of the siege on the Capitol in January.Congresswoman Cathy McMorris Rodgers, the committee’s ranking Republican, asked the CEOs at the hearing whether their companies had conducted internal research concerning children’s mental health.Facebook’s Mark Zuckerberg said he believed the company had, while Twitter’s Jack Dorsey said he did not believe so. Google’s Sundar Pichai said the company consulted with outside experts and invested “a lot of time and effort in these areas.”In letters to the companies on Tuesday, McMorris Rodgers asked for copies of any relevant research or internal communications, as well as information on any contractors and partners involved. They also requested any research the companies had done about how competitors’ products affect mental wellness of people under 18 years old.The requests also cover Google’s YouTube Kids service and Facebook’s Instagram, which is developing a version for people under 13 years old.The other lawmakers who signed the letter were ranking Republicans on various subcommittees, including Robert Latta, Gus Bilirakis and Morgan Griffith.They asked for the companies to respond by April 16. 

SpaceX’s SN11 Rocket Prototype Explodes Upon Landing

Elon Musk’s SpaceX suffered another setback Tuesday when one of its experimental rockets malfunctioned during a test flight at the company’s Texas facility.
 
The incident occurred as the Starship SN11 prototype was attempting to land after what the company called a normal ascent to roughly 12 kilometers in altitude.
 
Heavy fog obscured observers from seeing exactly what happened, but an explosion seems most likely, as there were reports of fire and debris.
 
“At least the crater is in the right place!” Musk tweeted.
 
This is the third time the experimental rocket has crash-landed or exploded.
 
John Insprucker, a SpaceX engineer, said all was going well when data feeds and the on-board cameras stopped working as the vehicle entered a thick layer of fog while trying to land.  
 
The company said it will provide more information as it gets it but added it does not expect to be able to recover video footage.
 
Starship SN11 is the vehicle Musk hopes will carry the first humans to Mars.  
 
The company wants to send it into orbit by the end of the year. NASA has also awarded SpaceX a $135 million contract to potentially use the Starship SN11 to take astronauts to the moon.

Facebook, Google Announce Plans for Undersea Cables Joining Asia, North America

After canceling plans for undersea cables connecting the United States with Hong Kong because of U.S. government pressure, Facebook and Google now say they will run similar cables to Singapore and Indonesia.  
“Named Echo and Bifrost, those will be the first two cables to go through a new diverse route crossing the Java Sea, and they will increase overall subsea capacity in the trans-Pacific by about 70%,” Facebook’s vice president of network investments, Kevin Salvadori, told the Reuters news agency.
Salvadori would not comment on the cost of the project.
He said the Echo cable, which is being built in partnership with Google and Indonesian telecommunications company XL, would be completed by 2023.
Bifrost, which is being done in partnership with Telin, a subsidiary of Indonesia’s Telkom, and Singapore’s Keppel Corporation, should be completed by 2024, he said.
Both projects will need regulatory approval.  
Most Indonesians who have internet access get it via mobile phones, Reuters reported, adding that only 10% have broadband access. Many have no access at all.
Facebook said plans for the cable to Hong Kong were scrapped because the U.S. government cited national security concerns about direct communication links to Hong Kong.  
Facebook and Google are involved in other cable projects around the world.  
Facebook announced last May that it was going to build a 37,000-kilometer-long undersea cable around Africa.
Google’s project, the Equiano undersea cable, could connect Europe and Africa when finished.

Tech Faces a Year of Scrutiny and Change

Facebook hired fact-checkers, Twitter labeled tweets and Google took down videos, but for tech companies, disinformation is the problem that won’t go away. The social media giants face intensifying pressure to curtail disinformation as lawmakers in the US talk about new regulations. Tina Trinh reports.
Producer: Matt Dibble

Facebook Finds Chinese Hacking Operation Targeting Uyghurs

Hackers in China used fake Facebook accounts and impostor websites to try to break into the computers and smartphones of Uyghur Muslims, the social network said Wednesday.The company said the sophisticated covert operation targeted Uyghur activists, journalists and dissidents from China’s Xinjiang region, as well as individuals living in Turkey, Kazakhstan, the U.S., Syria, Australia, Canada and other nations.The hackers tried to gain access to the computers and phones by creating fake Facebook accounts for supposed journalists and activists, as well as fake websites and apps intended to appeal to a Uyghur audience. In some cases, the hackers created lookalike websites almost identical to legitimate news sites popular with Uyghurs.The accounts and sites contained malicious links. If the targets clicked on them, their computers or smartphones would be infected with software allowing the network to spy on the targets’ devices.The software could obtain such information as victims’ locations, keystrokes and contacts, according to FireEye, a cybersecurity firm that worked on the investigation.Hundreds targetedIn all, fewer than 500 people were targeted by the hackers in 2019 and 2020, Facebook said. The company said it uncovered the network during its routine security work and has deactivated the fictitious accounts and notified individuals whose devices may have been compromised. Most of the hackers’ activities took place on non-Facebook sites and platforms.”They tried to create these personas, build trust in the community, and use that as a way to trick people into clicking on these links to expose their devices,” said Nathaniel Gleicher, Facebook’s head of security policy.Facebook’s investigation found links between the hackers and two technology firms based in China but no direct links to the Chinese government, which has been criticized for its harsh treatment of Uyghurs in Xinjiang. FireEye, however, said in a statement that “we believe this operation was conducted in support” of the Chinese government.China has imprisoned more than 1 million people, including Uyghurs and other mostly Muslim ethnic groups, in a vast network of concentration camps, according to U.S. officials and human rights groups. People have been subjected to torture, sterilization and political indoctrination, in addition to forced labor, as part of an assimilation campaign in a region whose inhabitants are ethnically and culturally distinct from the Han Chinese majority. 

Years-Long US Pressure Campaign Chokes Huawei’s Growth

When Joe Biden took office as president, the Chinese telecommunications firm Huawei Technologies saw at least a glimmer of hope that the U.S.-led campaign to shut it out of international markets might be eased somewhat. Once a global leader in smartphone sales, Huawei has seen its market share outside China plummet since the Trump administration began choking off its supply of technology key to producing modern 5G handsets. Likewise, the company’s business installing mobile telecommunications infrastructure, and especially new 5G-capable systems, has been severely damaged by a U.S. campaign against it.Biden had not signaled that he would be particularly easy on China — his appointment of China hawk Katherine Tai as U.S. Trade Representative confirmed that. But Huawei and other Chinese firms thought that, if nothing else, the two countries could step back from a Trump-era trade war footing.Huawei Executive Back in Court to Fight US ExtraditionUS wants Meng Wanzhou, daughter of Chinese telecom’s founder and chief financial officer of the company, extradited to face fraud chargesBiden tightens restrictionsEarlier this month, Huawei’s prospects for relief dimmed considerably when the Biden administration announced that it would not only continue some of the Trump administration’s export bans, but would tighten them.“The Biden administration appears to be maintaining the final Trump policy regarding which Huawei-related export licenses to approve or deny, which is more restrictive than the 2020 license policy,” said Kevin Wolf, a former assistant secretary of commerce for export administration in the Commerce Department’s Bureau of Industry and Security.Now a partner with the law firm Akin Gump in Washington, Wolf added, “In order to make the license policy consistent and level the playing field, it has amended 2020 licenses limiting their scope so that they align with the final Trump license policy. In particular, licenses for shipments for items ‘for use in or with 5G devices’ will be denied or revoked.”Contentious MeetingAdditionally, on the eve of the first high-level meeting between Biden administration officials and representatives of Beijing, the Commerce Department announced that it had issued subpoenas to a number of Chinese companies as part of an investigation into national security threats.  Beijing Slams US Blacklisting of Chinese CompaniesChina’s commerce ministry on Saturday said it ‘firmly opposes’ the move, which will affect the country’s biggest chipmaker, SMIC, and vowed to ‘take necessary measures’ to safeguard Chinese companies’ rightsThe action stemmed from a 2019 executive order by Trump allowing the executive branch to prohibit purchases of technology deemed to present a national security threat. The Commerce Department did not name the companies it is investigating, but many experts assume that Huawei was among them.The next day, in a contentious meeting with Secretary of State Antony Blinken, Yang Jiechi, director of the Central Foreign Affairs Commission Office of the Chinese Communist Party, blasted the U.S, saying, “It abuses so-called notions of national security to obstruct normal trade exchanges, and incite some countries to attack China.”Origins of banBeginning in fits and starts in 2019, a broad swath of export bans eventually cut Huawei off from an array of technologies that had been essential to the company’s operations. The U.S. push began partly in response to then-President Trump’s lengthy trade battle with China, and partly in response to very real national security concerns related to allowing Huawei to become a dominant player in global 5G — the next generation technology standard for broadband cellular networks.U.S. intelligence agencies have long asserted that Huawei is closely connected to the Chinese government. That, combined with the fact that Chinese law specifically requires companies to cooperate with the country’s intelligence services in collecting data, pushed U.S. officials to warn that Huawei components could potentially be used to create “backdoor” access for Beijing into sensitive government and private sector systems.Huawei says, ‘yes’Huawei officials have repeatedly expressed their frustration at being publicly treated as an arm of the Chinese government. Last week Andy Purdy, chief security officer for Huawei Technologies USA, told Bloomberg News that if the Biden administration is concerned about the company, “we hope that the U.S. government will partner with us and not point to the Chinese government, because Huawei speaks for Huawei.” Huawei Running Out of Smartphone Chips under US Sanctions Huawei is at the center of US-Chinese tension over technology and security, and the feud has spread to TikTok and WeChat Many industry experts, though, remain very dubious about the company’s protestations of independence. “The Chinese government may not speak for Huawei,” said Jim Lewis, senior vice president and director of the Strategic Technologies Program at the Center for Strategic and International Studies. “But when the Chinese government speaks to Huawei, Huawei says, “‘Yes.’”Broad impactThe Trump administration’s assault on Huawei was scattershot at times, but ultimately it was brutally effective.All Huawei phones had used the Android operating system made by Google, but in May of 2019, Google announced that it would comply with the administration’s order and refuse to license its operating system to any new phones made by the Chinese firm.U.S. microchip giants Intel and Qualcomm were likewise banned from selling their most advanced technology to the company, all but eliminating its ability to produce cutting edge handsets. The export restrictions also barred contract chipmakers, including Taiwan Semiconductor Manufacturing Corp., the world’s largest, from selling advanced chips to Huawei.According to International Data Corporation, a business intelligence firm, as its chip supply dried up, Huawei’s share of the global smartphone market cratered. In the second quarter of 2020, Huawei shipped an industry leading 20.2% of handsets, but by the fourth quarter its share had dropped to just 8.6%.Other analysts predict that before 2021 is over, that number will have been halved again, to around 4% of the market.5G dominance bluntedThe pressure on allies to avoid Huawei’s 5G infrastructure offerings has also been broadly successful.  Huawei to Build First European 5G Factory in France to Soothe Western Nerves Huawei’s new French plant would create 500 jobs; Chinese firm says plans not part of ‘charm offensive’ Most major U.S. allies have barred national telecommunications firms from using Huawei-made equipment in their rollout of 5G services and some, like Britain, have committed to the expensive process of replacing existing Huawei components within their systems.Lewis, of CSIS, agreed that Huawei has been “shut out” of most major U.S. allies’ 5G systems, but said that the U.S. pressure campaign hadn’t been the only factor in making that happen.Over the years, there have been multiple charges leveled against Huawei of shady practices, and not all of them from Washington. A 2019 report revealed that British telecom firm Vodaphone had found hidden “backdoor” vulnerabilities in Huawei’s equipment. The company has also been accused of multiple instances of industrial espionage.“Some of it had to do with just telling people, hey, you need to look closely at Huawei, and it’s their own independent assessment,” Lewis said. “The Europeans have been looking at Huawei as a risk since before the Trump administration. So in some ways, Huawei is caught by its own practices.”

Extremist Groups Thrive on Facebook Despite Bans

A new outside report found that Facebook has allowed groups — many tied to QAnon, boogaloo and militia movements — to glorify violence during the 2020 election and in the weeks leading up to the deadly riots on the U.S. Capitol in January.
Avaaz, a nonprofit advocacy group that says it seeks to protect democracies from misinformation, identified 267 pages and groups on Facebook that it says spread violence-glorifying material in the heat of the 2020 election to a combined following of 32 million users.
More than two-thirds of the groups and pages had names that aligned with several domestic extremist movements, the report found. The first, boogaloo, promotes a second U.S. civil war and the breakdown of modern society. The second is the QAnon conspiracy, which claims that Donald Trump is waging a secret battle against the “deep state” and a sect of powerful Satan-worshipping pedophiles who dominate Hollywood, big business, the media and government. The rest are various anti-government militias. All have been largely banned from Facebook since 2020.
But despite what Avaaz called “clear violations” of Facebook’s policies, it found that 119 of these pages and groups were still active on the platform as of March 18 and had just under 27 million followers.
Facebook acknowledged that its policy enforcement “isn’t perfect,” but said the report distorts its work against violent extremism and misinformation.
The company said in a statement that it has done more than any other internet company to stanch the flow of harmful material, citing its bans of “nearly 900 militarized social movements” and the removal of tens of thousands of QAnon pages, groups, and accounts. It added that it is always improving its efforts against misinformation.
On Thursday, Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey and Alphabet CEO Sundar Pichai are slated to testify before Congress about extremism and misinformation on their platforms.  
Facebook has tightened its rules against violence, hate and misinformation in the past year. In October, it banned QAnon groups across its platform. Before that, it would remove them only if they expressly supported violence. It has also banned extremist and militia movements and  boogaloo groups with varying degrees of success.  
For instance, while Facebook  banned “Stop the Steal” groups from its platform, Avaaz — like The Associated Press — found that such groups and the #stopthesteal hashtag remained active on the platform after the purge.
 
Facebook’s failures, Avaaz said, “helped sweep America down the path from election to insurrection.”  
According to the report, the social network provided a “fertile ground” for misinformation and toxicity that contributed to radicalizing millions of Americans, helping create the conditions in which the storming of the Capitol became a reality.

Japan Car Makers Scramble to Assess Impact of Renesas Auto Chip-plant Fire

Toyota, Nissan, Honda and other Japanese automakers scrambled on Monday to assess the production impact of a fire at a Renesas Electronics automotive chip plant that could aggravate a global semiconductor shortage. “We are gathering information and trying to see if this will affect us or not,” a Honda spokesperson said. Other car makers including Toyota and Nissan said they too were assessing the situation. The effect on car makers could spread beyond Japan to other auto companies in Europe and the United States because Renesas has around a 30% global share of micro control unit chips used in cars. Renesas said it will take at least a month to restart production on a 300 mm (millimeter) wafer line at its Naka plant in northeast Japan after an electrical fault caused machinery to catch fire on Friday and poured smoke into the sensitive clean room. Two-thirds of production at the affected line is automotive chips. The company also has a 200 mm (millimeter) wafer line at the Naka plant, which has not been affected. Concerns on the impact of the fire on production sent auto shares sliding in Tokyo on Monday, with the big three, Toyota, Honda and Nissan, down more than 2% by the midday break. Renesas shares tumbled as much as 5.5% and were down 3.9% midday. The benchmark Topix index shed 1.1%. “It will probably take more than a month to return to normal supply. Given that, even Toyota will face very unstable production in April and May,” said Seiji Sugiura, senior analyst at Tokai Tokyo Research Institute. “I think Honda, Nissan and other makers will also be facing a difficult situation.” Semiconductors such as those made by Renesas are used extensively in cars, including to monitor engine performance, manage steering or automatic windows, and in sensors used in parking and entertainment systems.An employee wearing protective equipment pushes a cart at a semiconductor production facility for Renesas Electronics during a government organized tour for journalists in Beijing, May 14, 2020.Nissan and Honda had already been forced to scale back production plans because of the chip shortage resulting from burgeoning demand from consumer electronic makers and an unexpected rebound in car sales from a slump during the early months of the coronavirus pandemic. Toyota, which ensured parts suppliers had enough stocks of chips, has fared better so far. “It could take three months or even half a year for a full recovery,” said Akira Minamikawa, analyst at technology research company Omdia. “This has happened when chip stockpiles are low, so the impact is going to be significant,” he added. Government promises help  Renesas said it customers, which are mostly automotive parts makers rather than the car companies, will begin to see chip shipments fall in around a month. The company declined to say which machine caught fire because of the electrical fault or which company made it. The Japanese government promised help for the auto industry. “We will firmly try to help the Naka factory achieve swift restoration by helping it quickly acquire alternative manufacturing equipment,” Chief Cabinet Secretary Katsunobu Kato told a regular news conference on Monday. The latest incident at the Naka facility comes after an earthquake last month shut down production for three days and forced Renesas to further deplete chip stocks to keep up with orders. The plant was closed for three months in 2011 following the deadly earthquake that devastated Japan’s northeast coast. 

Biden to Nominate Former Sen. Nelson as NASA Chief

U.S. President Joe Biden announced Friday he plans to nominate former U.S. Sen. Bill Nelson to lead the U.S. space agency, NASA.In a statement, the White House says as a member of the U.S. House of Representatives and a three-term senator from Florida, Nelson, a Democrat, chaired committees on space, science and transportation. They also note he co-authored the landmark 2010 NASA bill which set the current path of private-sector partnership. In the statement, the White House notes Nelson, as a congressman in 1986, even flew on a six-day space shuttle mission. He currently serves on the NASA advisory council.Nelson, if approved by the Senate, would take over the agency as commercial space projects are already shuttling supplies and astronauts to the International Space Station.NASA is also preparing to return astronauts to the moon in the next four years.Nelson’s nomination has already received the endorsement of Sen. Marco Rubio, a Florida Republican.“I cannot think of anyone better to lead NASA than Bill Nelson,” Rubio tweeted on Thursday.
If approved, Nelson would be NASA’s 14th administrator, and would take over from the Trump administration’s appointee, former Oklahoma congressman Jim Bridenstine.

Twitter Asks Users to Weigh in on Rules for World Leaders

Twitter on Friday began a survey of global users about platform rules for world leaders while consulting human rights and academic specialists on its next policy steps.The announcement comes after Twitter joined other social networks banning then-president Donald Trump for his comments seen as inciting the violent attack on the US Capitol in January.The ban was criticized by Trump supporters while others had argued Twitter should have taken action earlier despite its policy of allowing leeway for world leaders and newsworthy posts.”Politicians and government officials are constantly evolving how they use our service, and we want our policies to remain relevant to the ever-changing nature of political discourse on Twitter and protect the health of the public conversation,” the Twitter safety team said in a blog post.”That’s why we’re reviewing our approach to world leaders and seeking your input.”Twitter will be asking users their views in a survey in 14 languages, from Friday until April 12.”Generally, we want to hear from the public on whether or not they believe world leaders should be subject to the same rules as others on Twitter. And, should a world leader violate a rule, what type of enforcement action is appropriate,” the statement said.”We’re also in the process of consulting with a range of human rights experts, civil society organizations, and academics worldwide whose feedback will be reflected in forthcoming revisions to the policy framework.”

FBI: Surge in Internet Crime Cost Americans $4.2 Billion

The FBI says it received a record number of complaints from the public last year about cybercrimes, including scams related to the COVID-19 pandemic, costing Americans a staggering $4.2 billion in losses.The FBI’s Internet Crime Complaint Center received 791,790 complaints in 2020, an increase of 69% over 2019 and the largest number since the center was created two decades ago, the bureau said in a report released Wednesday.By comparison, the total reported losses were $3.5 billion in 2019 and $1.5 billion five years ago, according to the report.The type of online scam known as Business E-Email Compromise (BEC) remained the costliest category, the report said, resulting in losses of about $1.8 billion. Once a fraudster gains access to a business’s email account, he or she makes unauthorized fund transfers.The COVID-19 outbreak gave scammers new opportunities to steal. The FBI internet crime center received more than 28,500 complaints related to people struggling to cope with the pandemic, the report said, without putting a dollar figure on the losses.Most vulnerable are targeted“These criminals used phishing, spoofing, extortion, and various types of Internet-enabled fraud to target the most vulnerable in our society — medical workers searching for personal protective equipment, families looking for information about stimulus checks to help pay bills, and many others,” the report said.The center received thousands of complaints related to COVID-linked unemployment benefit and small business loan programs Congress created last year.FILE – This graphic shows an excerpt from a U.S. Department of the Treasury Paycheck Protection Program FAQ document.The congressionally funded Paycheck Protection Program has proven a magnet for fraudsters. Congress created the program last March with an initial authorization of up to $349 billion in forgivable loans to small businesses that keep workers on their payrolls. The Justice Department has charged numerous individuals with defrauding the program by setting up shell companies and other schemes.In the latest case, tech executive Mukund Mohan pleaded guilty on Monday of wire fraud and money laundering in connection with his scheme to obtain over $5.5 million in PPP loans and launder the proceeds.The top three crimes reported to the FBI’s internet crime center last year were phishing or password theft scams, nonpayment/nondelivery scams and extortion, the report said.In a nonpayment scheme, goods and services are shipped but payment is never made. A nondelivery scheme involves receiving payment without supplying goods and services.Identity theft utilizedIn several states, fraudsters filed illegal unemployment benefit claims using stolen identities, according to the report.“Many victims of this identity theft scheme did not know they had been targeted until they attempted to file their own legitimate claim for unemployment insurance benefits,” the report said.In recent months, a slew of new scams related to COVID vaccines has emerged: schemes asking people to pay out of pocket to receive a vaccine, put their names on a vaccine waiting list or obtain early access.“Fraudulent advertisements for vaccines popped up on social media platforms, or came via email, telephone calls, online, or from unsolicited/unknown sources,” the report said.The FBI’s Internet Crime Complaint Center was set up in 2000 as part of the bureau’s effort to combat cybercrime. It has received 5.8 million complaints, some of which have been referred to law enforcement agencies for investigation.   

Facebook Signs Deal to Pay Australia’s News Corp for Content

Facebook has reached an agreement with Australia’s News Corp under a new law that makes social media giants pay domestic news outlets for their content.The terms of the multi-year deal were not disclosed in Tuesday’s announcement. The deal comes nearly one month after Australia’s parliament approved a law that would allow a government arbitrator to decide the price a digital company should pay news outlets if the two sides fail to reach an agreement.News Corp Chief Executive Officer Robert Thomson said the agreement “is a landmark in transforming the terms of trade for journalism, and will have a material and meaningful impact on our Australian news businesses.”According to Facebook’s head of news partnerships in Australia, Andrew Hunter, the deal means the social media giant’s 17 million users in the country “will gain access to premium news articles and breaking news video from News Corp’s network of national, metropolitan, rural and suburban newsrooms.”The law’s passage occurred after a bitter standoff between U.S.-based Facebook and News Corp, owned by global media mogul Rupert Murdoch, that culminated with the social media giant blocking all Australian news content from the site, as well as the websites of several public agencies and emergency services, including pages that include up-to-date information on COVID-19 outbreaks, brushfires and other natural disasters.The situation was resolved after negotiators for the government and Facebook reached an agreement on a set of changes to the legislation before its final passage.News Corp says its Australian subsidiary, Sky News, had also reached a separate deal with Facebook that extends an existing agreement.Australian media companies have seen their advertising revenue increasingly siphoned off by big tech firms like Google and Facebook in recent years.Google had also threatened to block news content if the law were passed, even warning last August that Australians’ personal information could be “at risk” if digital giants had to pay for news content.But the company had already signed a number of separate agreements with News Corp and other Australian media giants such as Nine Entertainment and Seven West Media.Nine Entertainment and Seven West have said they have signed letters of intent with Facebook on a potential deal.