Silicon Valley Bank fiasco: US government comes to the rescue
The US government is coming to the aid of customers of Silicon Valley Bank, guaranteeing their funds deposited with the bank. With this, the US government is trying to limit the potential damage from the failure of the bank, which is very important to the tech sector.
Last Friday, the US Treasur... Read more
Biden says he won’t stand idly by as the US gets hit by cyberattacks
On the issue of the recent attacks on US federal agencies, president-elect Joe Biden has promised tougher responses during his tenure. In the statement that was issued by his transition team, Biden said that he had already been told by government officials, about the attacks, with possible Russian ... Read more
How Big Tech seeks to influence the Biden administration
Stealth initiative pushes to steer the incoming Democratic government.
The powerful denizens of Silicon Valley are working behind the scenes to secure senior roles for their allies in low-profile but key areas of president-elect Joe Biden’s administration, according to Reuters.
The stealth ... Read more