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Amazon revenues jump in Q1 but profit takes a backseat on covid-19-related expenses

2020-05-01 09:26:00| Telecompaper Headlines

(Telecompaper) Amazon reported revenues up 26 percent from the year before in the first quarter to USD 75.5 billion, beating expectations, but profit came under pressure from higher costs amid the coronavirus pandemic, with the operating profit down to USD 4.0 billion from 4.4 billion and the net profit off at USD 2.5 billion or USD 5.01 per diluted share, from 3.6 billion and 7.09 per share. Operating expenses jumped to USD 71.463 billion from 55.280 billion. Looking ahead, CEO Jeff Bezos told shareholders to "take a seat, because we are not thinking small." Amazon plans to plow its USD 4 billion operating profit back into the company, on covid-19-related expenses, on getting products to customers and on keeping employees safe.

Tags: on jump takes amazon

Banking Trojans Take Backseat to Ransomware

2016-06-04 19:00:00| TechNewsWorld

The banking trojan -- a type of malware used to steal credentials for bank accounts -- has been a staple of cyberthieves for years. However, ransomware, which has proven both easy to use and highly successful, has started eroding its popularity. In a typical banking trojan attack, a robber mounts a phishing campaign to entice a target to open an attachment or click on a link.

Tags: banking trojans backseat ransomware

Southeast Asia drought takes a backseat at World Economic Forum ASEAN

2016-05-30 20:55:00| Climate Ark Climate Change & Global Warming Newsfeed

CNBC: Southeast Asia is suffering from the worst drought in more than 50 years but the issue looks set to fall off the agenda at a key meeting of the region's political and financial leaders this week. The two-day World Economic Forum (WEF) for the Association of Southeast Asian Nations (ASEAN) kicks off in Kuala Lumpur on Wednesday, with heads of state from various ASEAN member countries, including Malaysia, Cambodia, Vietnam and Indonesia slated to attend. Taylor Weidman | Bloomberg | Getty Images...

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The cyber backseat driver: Car hackers

2015-08-03 05:13:11| Wireless - Topix.net

Remote, central control of gadgetry is the appeal of smart-home technology, but shoddy Wi-Fi and hackers are among potential pitfalls. Photo: Aleksey Boldin/Fotolia / McClatchy-Tribune News Service The idea of cyber hackers cracking wireless codes to control cars and trucks on the road may have once seemed like a scene out of a futuristic sci-fi flick.

Tags: car driver cyber hackers