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Archive for the ‘law’ category: Page 2

Oct 16, 2020

Microsoft attempts takedown of global criminal botnet

Posted by in categories: cybercrime/malcode, law

Microsoft announced legal action Monday seeking to disrupt a major cybercrime digital network that uses more than 1 million zombie computers to loot bank accounts and spread ransomware, which experts consider a major threat to the U.S. presidential election.

The operation to knock offline command-and-control servers for a global botnet that uses an infrastructure known as Trickbot to infect computers with malware was initiated with an order that Microsoft obtained in Virginia federal court on Oct. 6. Microsoft argued that the crime network is abusing its trademark.

“It is very hard to tell how effective it will be but we are confident it will have a very long-lasting effect,” said Jean-Ian Boutin, head of threat research at ESET, one of several cybersecurity firms that partnered with Microsoft to map the command-and-control servers. “We’re sure that they are going to notice and it will be hard for them to get back to the state that the botnet was in.”

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Oct 16, 2020

U.S. Cyber Command Says it Nuked Trickbot, but Microsoft and Chums Claim Credit

Posted by in categories: cybercrime/malcode, law

In the dog days of last week, a shadowy group of secret sources in U.S. Cyber Command whispered to reporters that they’d disrupted a huge, ransomware-spewing botnet. Trickbot, closely related to Emotet and Ryuk, is believed to be managed by Russian criminals.

But today, Microsoft and friends are saying the disruption was actually down to them—awks. The consortium of industry players has developed a new legal mechanism to remove the botnet’s servers from the net and they say it’s working.

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Oct 15, 2020

Germany drafting law to give people the legal right to work from home

Posted by in categories: biotech/medical, business, law

The pandemic has seen the number of remote workers swell. Now Germany says it wants to make sure new business models work for everyone.

Oct 13, 2020

Colorado Marijuana Sales Top $1 Billion Since Pandemic Began

Posted by in categories: biotech/medical, law

August was the second-highest month for sales ever.


Colorado has seen over $1.1 billion in marijuana sales since the COVID-19 pandemic began in this country, according to figures from the state Department of Revenue.

Legal marijuana sales topped $200 million in August for the second month in a row, reaching the second-highest monthly total since recreational sales started in 2014. Counting back to March of this year, when Colorado and the rest of the nation began shutting down over the pandemic, dispensaries have sold over $1.1 billion in marijuana products — and that’s not counting sales in September and October.

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Oct 11, 2020

IBM finally gets rid of some business to focus on the one that matters

Posted by in categories: business, law, quantum physics, robotics/AI

International Business Machines, still the legal name of century-plus-old IBM, has managed over the years to pull off a dubious feat. Despite selling goods and services in one of the most dynamic industries in the world, the IT sector the company helped create, it has managed to avoid growing.

The company that was synonymous with mainframes, that dominated the early days of the personal computer (a “PC” once meant a device that ran software built to IBM’s technical standards), and that reinvented itself as a tech-consulting goliath, lagged while upstarts and a few of its old competitors zoomed past it.

What IBM excelled at more often was marketing a version of its aspirational self. Its consultants would advise urban planners on how to create “smart cities.” Its command of artificial intelligence, packaged into a software offering whose name evoked its founding family, would cure cancer. Its CEO would wow the Davos set with cleverly articulated visions of how corporations could help fix the ills of society.

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Oct 7, 2020

How to Abolish Modern Day Slavery and Address its Effects

Posted by in categories: economics, law

In 2020, slavery is not gone from this planet…


Ira Pastor, ideaXme life sciences ambassador, interviews Bakary Tandia, Co-Founder of the Abolition Institute, a group working to promote awareness of, and dedicated to ending, the practice of slavery in the west African country of Mauritania.

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Oct 1, 2020

Psychedelic Gold Rush? Compass Pathways Goes Public at More than $1B

Posted by in categories: biotech/medical, government, law

Psilocybin startup Compass Pathways goes public at more than $1B. Here’s why Wall Street is starting to see the value in psychedelics.


For several years, investors and psychonauts have predicted that psychedelic medicine would become the next billion-dollar industry, with some value estimates as high as $100 billion. They said substances like MDMA or psilocybin mushrooms would follow a similar regulatory path that cannabis took to the mainstream, going from a Schedule 1 narcotic to a legal, regulated, and highly lucrative medicine.

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Sep 28, 2020

U.S. judge sends OneWeb’s rescue plan to vote and okays financing

Posted by in categories: internet, law

Berlin, 27 September 2020. – A New York bankruptcy judge has sent OneWeb’s Chapter 11 plan for creditor vote and approved OneWeb’s financing plan, Law360 reported.

“A New York bankruptcy judge on Wednesday sent OneWeb Global’s $181 million equity-swap Chapter 11 plan to a creditor vote while approving $235 million in new financing that the satellite internet startup said will go toward restarting its launch program,” Law 360 reported.

According to the report, OneWeb’s counsel told U.S. Bankruptcy Judge Robert Drain that it had secured full creditor consent for the plan.

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Sep 21, 2020

World War III will be fought over water

Posted by in categories: existential risks, finance, food, law, terrorism

RS: The third world war is at our gate, and it will be about water, if we don’t do something about this crisis. These walks are to raise awareness—this year we covered 17 countries, and in nine of them there were displaced people. So many people in the Middle East and African countries are moving to places like Europe, in part because of water scarcity—after forced migration comes, tension, conflict, and terrorism. Where terrorism is active, there is usually a scarcity of water. Look at Syria—a long time ago, it had very good agriculture, but then Turkey built a dam that changed things. It’s a similar story with Libya. If we want a safe future, we need to start conserving water.

What role can regulation play in conservation? Do you think privatizing water is a good way to promote its efficient use?

RS: If we really think about legal changes, we have to first think about river rights, or the rights of nature, and only then about water rights for humans. This type of thinking doesn’t exist today but we need this kind of legal framework that assures that the land of the river is only for the river, that the flow of the river is kept clean, and that the river has greenery on both banks to prevent erosion and silting. Only with all these factors can we ensure that rivers are healthy and only then that we are healthy.

Sep 20, 2020

Former NASA Astronaut will be Commander of Axiom’s civilian flight aboard SpaceX’s Crew Dragon

Posted by in categories: biotech/medical, engineering, law, space travel

Featured image source: NASA / spacex

Axiom Space Inc. is a Houston, Texas start-up, founded by Michael Suffredini who served as NASA’s International Space Station (ISS) Program Manager from 2005 to 2015. He was responsible for overseeing ISS transition from assembly to the initiation of commercial operations. Axiom is mostly staffed by NASA ex-employees, including former NASA Administrator Charles Bolden. – “The leadership team also includes world-class, specialized expertise in commercial utilization of microgravity, on-orbit operations, astronaut training, space financing, engineering, space system architecture/design/development, space medicine, marketing, and law,” the company states. Together, they are all working towards the commercialization of space.

Axiom aims to build a space station in low Earth orbit to continue operations once NASA retires the ISS program and moves beyond the orbiting laboratory to focus operations on the lunar surface. The company also offers spaceflights for regular civilians to experience microgravity and amazing views of Earth from ISS. “While making access to Low Earth Orbit global during the remainder of ISS’ lifetime, Axiom is constructing the future platform that will serve as humanity’s permanently growing home, scientific and industrial complex in Low Earth Orbit (LEO) – the cornerstone of human activity in space,” company states on its website.

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