It news and trends

Banks and Their Tech Suppliers Face More IT Scrutiny in Europe
Cybersecurity // August 08, 2024

Banks and their IT providers will soon face tougher scrutiny in the European Union (EU). That’s because of the Digital Operational Resilience Act (DORA), which passed last year but isn’t set to be enforced until January of 2025. A report Thursday (Aug. 8) by CNBC examines the...

DOT Probes Delta’s Handling of CrowdStrike Outage
Transportation // July 23, 2024

Delta Air Lines’ handling of a recent mass IT outage is the target of a federal investigation. The investigation is to “ensure the airline is following the law and taking care of its passengers during continued widespread disruptions,” Department of Transportation (DOT) Secretary Pete Buttigieg...

Genesis Global Raises $20M in Additional Funding to Drive IT Innovation
Investments // July 27, 2022

Low-code application development platform Genesis Global raised $20 million from the Bank of America, BNY Mellon and Citi and follows a $200 million Series C funding round announced in February being earmarked to drive low-code technology as an accelerator for IT innovation. Stephen Murphy, CEO...

Tech Startups Laid Off 70K Since March
Startups // July 08, 2020

No sector of the U.S economy has been spared from the economic fallout of COVID-19. But the ranks of tech startups have been devastated with the layoff of nearly 70,000 workers in the last four months, putting the kibosh on the information technology’s (IT) talent...

Quick Reads
Banks and Their Tech Suppliers Face More IT Scrutiny in Europe

August 08, 2024
Banks and their IT providers will soon face tougher scrutiny in the European Union (EU). That’s because of the Digital Operational Resilience Act (DORA), which passed last year but isn’t set to be enforced until January of 2025. A report Thursday (Aug. 8) by CNBC examines the implications of the law, particularly in the wake of last […]

DOT Probes Delta’s Handling of CrowdStrike Outage

July 23, 2024
Delta Air Lines’ handling of a recent mass IT outage is the target of a federal investigation. The investigation is to “ensure the airline is following the law and taking...

Genesis Global Raises $20M in Additional Funding to Drive IT Innovation

July 27, 2022
Low-code application development platform Genesis Global raised $20 million from the Bank of America, BNY Mellon and Citi and follows a $200 million Series C funding round announced in February...

Tech Startups Laid Off 70K Since March

July 08, 2020
No sector of the U.S economy has been spared from the economic fallout of COVID-19. But the ranks of tech startups have been devastated with the layoff of nearly 70,000...