Technology

By Brian Fung, CNN Business Accenture, the global consulting firm, has been hit by the LockBit ransomware gang, according to the cybercriminal group’s website. Accenture’s encrypted files will be published by the group on the dark web on Wednesday unless the company pays the ransom, LockBit claimed, according to screenshots of the website reviewed by

By Samantha Murphy Kelly, CNN Business Samsung is still betting on a future where smartphones fold in half. But first it must convince users that’s a future they want. At its annual Unpacked event on Wednesday, Samsung will focus on its foldable smartphones instead of its flagship Note devices — despite lackluster sales for foldable

By Brian Fung, CNN Business Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry’s history. A vulnerability in Poly Network allowed the thief to make off with the funds, the platform said Tuesday, begging the attacker to return

By Donie O’Sullivan, CNN Business Sen. Rand Paul, a Kentucky Republican, has been suspended from YouTube for seven days over a video claiming that masks are ineffective in fighting Covid-19, according to a YouTube spokesperson. “This resulted in a first strike on the channel, which means it can’t upload content for a week, per our

By Brian Fung and Donie O’Sullivan, CNN Business Twitter has suspended Rep. Marjorie Taylor Greene’s account for one week following another violation of the platform’s rules, the company said Tuesday. Greene tweeted on Monday that the Food and Drug Administration “should not approve the covid vaccines.” She also claimed the vaccines were “failing” and that

By Laura He, CNN Business A sexual assault scandal has rocked Alibaba and led to departures at the Chinese e-commerce giant. The company on Monday said it has fired an employee after he was accused of sexually assaulting a woman who also works at Alibaba. The man confessed to actions that Alibaba deemed “in serious

By Yoonjung Seo, CNN Business Samsung’s vice chairman — and de facto leader — Lee Jae-yong is to be released on parole this week, South Korea’s Justice Ministry said on Monday. Lee, also known as Jay Y. Lee, was sentenced to two and a half years behind bars in January after the Seoul High Court

By Clare Duffy, CNN Business Facebook has many pressing problems, from proposed antitrust legislation to accusations that the company is contributing to vaccine misinformation. But when CEO Mark Zuckerberg joined a recent conference call with analysts to discuss its latest quarterly results, much of the focus was on something far removed from those issues: the

By Brian Fung, CNN Business All of Amazon’s US warehouse employees will once again be required to wear masks indoors beginning on Monday, whether they are vaccinated or not, the company confirmed to CNN Business on Friday. The move comes one day after Amazon said it would delay its office return date for corporate employees

By Rachel Metz, CNN Business Earlier this year, videos of Tom Cruise started popping up on TikTok of the actor doing some surprisingly un-Tom-Cruise-like stuff: goofing around in an upscale men’s clothing store; showing off a coin trick; growling playfully during a short rendition of Dave Matthews Band’s “Crash Into Me.” In one video, he

By Diksha Madhok, CNN Business India’s top court has handed Amazon a major victory in its fight with Reliance Industries for the country’s growing e-commerce market. On Friday, the Supreme Court of India ruled in favor of the American company’s efforts to stop its rival Reliance from buying Future Retail, a local, cash-strapped retailer. The