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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
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ICC loses Rs 20 crore in a phishing attack: Check details

The International Cricket Council (ICC) has become a victim of online fraud carried out by someone in the US acting as its vendor. ICC is reported to have lost Rs 20 crore in the fraud for which investigations have begun.

ICC falls prey to a phishing attack, ends up losing Rs 20 crore

It’s official that the International Cricket Council (ICC) has ended up transferring Rs 20 crore to someone in the US, which claimed themselves to be a usual ICC vendor.

How the scam worked?

How it worked is that someone from the US acted as the vendor of ICC and emailed ICC using a fake email address. This scam is stated as the BEC scam, which is a form of phishing.

Apparently, ICC didn’t check the email ID and ended up giving Rs 20 crore only to know later that it was duped.

As per reports, the US-based party contacted the Dubai office of the Cricket Council. And, ICC’s CFO is said to have carried out the transaction. Currently, it is unclear whether the wire transfer was done one time or multiple transfers were done.

There’s complete silence by ICC on this matter. However, the investigation has begun so we should get more deets soon.

What is a BEC scam?

BEC scam is a form of phishing where criminals email acting as if they are from a known and official source. They then deceive others into transferring funds or other sensitive information. BEC stands for Business Email Compromise.

What is phishing? 

Phishing is a type of attack where criminals steal user data, credentials, and other sensitive information over email or messaging.

The post ICC loses Rs 20 crore in a phishing attack: Check details appeared first on BGR India.



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