Lifeboat Foundation

Traditional Argentine barbecues date back to the 16th century. One inventor created a new twist on the custom, turning discarded fruit from cider production into logs that can replace firewood and charcoal.

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Continue reading “How Logs of Fruit Pulp Replace Firewood and Charcoal | World Wide Waste” »

Round Rock-based motor company Infinitum Electric is expanding as it steps up production and breaks into the electric vehicle business.

The company is growing its footprint and workforce on the back of an $80 million funding round, which it announced this week. The financial infusion brings the company’s funding to date to $135 million.

Infinitum Electric was founded in 2016 in Austin by CEO Ben Schuler and moved to Round Rock in 2019. The motors include circuit boards that cut down on some of the costly equipment required in traditional motors, making Infinitum’s motors more efficient, smaller and quieter than traditional motors, according to the company.

Continue reading “Fast-growing Austin-area motor maker Infinitum Electric looks to jump into EV market” »

Researchers at Trend Micro identified a set of mobile apps available on the Google Play Store performing malicious tasks in the background, including stealing user credentials and banking details from Android users. Some of these apps have nearly 100,000 downloads, so the scope of the problem is considerable.

In total, the analysis revealed the detection of 200 malicious applications that hide code from dangerous malware variants, capable of putting users of the affected devices in serious trouble.

Continue reading “More than 200 apps on Play Store with millions of downloads are stealing users’ passwords and sensitive information” »

Finance Ministry + Israel Innovation Authority (IIA) to test AI floating system that generates electricity by tracking the sun.

Costa Rica has declared a state of emergency after ransomware hackers crippled computer networks across multiple government agencies, including the Finance Ministry.

The official declaration, published on a government website Wednesday, said that the attack was “unprecedented in the country” and that it interrupted the country’s tax collection and exposed citizens’ personal information.

The hackers initially broke into the Finance Ministry on April 12, it said. They were able to spread to other agencies, including the Ministry of Science, Technology and Telecommunications and the National Meteorological Institute.

Continue reading “Costa Rica declares state of emergency over ransomware attack” »

I’ve noticed a tremendous change in how companies invest in their ESG initiatives. No longer is it just their peers or employees holding them accountable; it’s also national and international governing bodies. In 2020, the U.S. Securities and Exchange Commission created an ESG disclosure framework for consistent and comparable reporting metrics, and just recently the organization amended that framework to deepen the level of reporting required from organizations. And in March of this year, the U.K. Task Force on Climate-Related Financial Disclosures mandated U.K.-registered companies and financial institutions to disclose climate-related financial information.

It’s this very shift that has convinced organizational leaders that just having ESG initiatives isn’t enough anymore. It’s the ability to accurately and consistently report ESG metrics that may ultimately make the difference for a company to thrive in the next era of sound business practices.

When you look at this new challenge for ESG reporting, there’s simply no denying it: The single most important factor in successfully adhering to ESG standards is data.

Continue reading “Will your existing data infrastructure support ESG reporting?” »

Sanctions imposed on Russia over its invasion of Ukraine are forcing lenders and businesses to pull out of the country.

This visualization shows 22 X-ray binaries in our Milky Way galaxy and its nearest neighbor, the Large Magellanic Cloud, that host confirmed stellar-mass black holes. The systems are depicted at the same physical scale, and their orbital motion is sped up by nearly 22,000 times. The view of each bin.

Those who call for mandatory reporting have the right intent, but if it’s not implemented in the right way, it will cause more harm than good.

Mandatory reporting almost always puts companies at risk, either legally or through financial penalties. Penalizing an organization for not reporting a breach in time puts it in a worse cybersecurity posture because it is a strong incentive to turn a blind eye to attacks. Alternatively, if a company knows of a breach, it will find ways to “classify” it in a way that falls into a reporting loophole.

The reporting timelines in the law are arbitrary and not based in the reality of effective incident response. The first hours and days after a breach are integral to the actual incident reporting process, but they are chaotic, and teams are sleep-deprived. Working with lawyers to determine how to report and figuring out the evidence that companies do and don’t want to “see” just makes the process harder.

Continue reading “Cybersecurity reporting mandates could make us more vulnerable, not less” »

Decentralized finance is built on blockchain technology, an immutable system that organizes data into blocks that are chained together and stored in hundreds of thousands of nodes or computers belonging to other members of the network.

These nodes communicate with one another (peer-to-peer), exchanging information to ensure that they’re all up-to-date and validating transactions, usually through proof-of-work or proof-of-stake. The first term is used when a member of the network is required to solve an arbitrary mathematical puzzle to add a block to the blockchain, while proof-of-stake is when users set aside some cryptocurrency as collateral, giving them a chance to be selected at random as a validator.

To encourage people to help keep the system running, those who are selected to be validators are given cryptocurrency as a reward for verifying transactions. This process is popularly known as mining and has not only helped remove central entities like banks from the equation, but it also has allowed DeFi to open more opportunities. In traditional finance, are only offered to large organizations, for members of the network to make a profit. And by using network validators, DeFi has also been able to cut down the costs that intermediaries charge so that management fees don’t eat away a significant part of investors’ returns.