A Canadian mining company has acknowledged being hit with a ransomware attack shortly after concluding a deal worth $230 million for the sale of an exploration site in Australia.

Vancouver-based Copper Mountain Mining Corp. said Thursday its IT systems suffered a ransomware attack on December 27th.

That was 12 days after announcing the sale of its Eva Copper Project and its 2,100 km2 exploration land package in Queensland, Australia.

The combined cash and considerations value of the deal was initially announced as a total of US$149 million. Three days later that was amended to US$250 million. That included US$129 million (net of withholding taxes) and gross upfront cash consideration of US$60 million, which depends on the discovery of new ore deposits.

It isn’t known if the cyber attack was related to the announcement.

In October, the world’s second-largest copper producer, German-based Aurubis, suffered a cyber attack. “This was apparently

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Last week at Re:Invent 2022, IT (information technology) services and consulting company Accenture launched Velocity, a jointly funded and co-developed platform with Amazon Web Services (AWS).

Velocity is designed to improve business outcomes by eliminating the challenges associated with building and running enterprise scale applications in the cloud.

“We’re really excited. Really because it’s [Velocity] helping out clients compress that early cloud enablement and labour intensive stuff, how they use capabilities on the cloud and get them quicker on the business transformation they want. And we’re seeing it to be upwards of 50 per cent faster.” said Andy Tay, global lead for the AWS Accenture Group.

Accenture stressed that the development of Velocity is the result of learnings from thousands of projects with AWS over the past 14 years, and the shared vision to revolutionize the time, labour, and cost-intensive work that recurs at the start of every new project

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The signing of a long-term technology agreement is certainly common enough, but according to a group of lawyers with Norton Rose Fulbright Canada LLP, there is a myriad of legal implications that need to be considered once the physical outsourcing and procurement takes place.

Exactly what those are was outlined recently at the company’s inaugural virtual technology privacy and cybersecurity summit, during an opening panel that focused on risk management in technology contracts.

According to the firm, as “businesses continue to engage in digital transformation, they are relying more and more on outsourcing and technology procurement for additional resources and expertise.”

Moderated by Liana Di Giorgio, senior associate with Norton Rose Fulbright in Toronto, the panel consisted of Janet Grove, a partner from the firm’s Vancouver office who focuses on technology and life sciences, Fahad Siddiqui, a litigation partner based in Toronto, and Nikita Stepin, a business law partner who

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Scientist ITWordbrain Scientist pack solutions, cheats, solutions for all levels. Looking for a unique stage pack? Just pick it in the top menu, and you will see all of the solutions for it.

As a knowledge scientist, it’s essential that you’re an evangelist to your career. Despite the attention of the value of Big Data, it is still onerous for businesspeople to really understand the scope and power of data science and what it could possibly do for his or her group. There are several completely different causes for this: First, knowledge science continues to be a really new career and not practiced much in smaller firms, so it is hard for some individuals to grasp what it may well do if they haven’t worked with a data science staff before. Also, the form of options knowledge science can produce differ widely by industry; what works for one firm does not … Read more

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Today, Federal Economic Development Agency for Southern Ontario (Fed Dev Ontario) announced an investment of over C$4 million to support two Ottawa-based tech companies: BluWave-ai Inc. and Tehama Inc.

BluWave-ai is a cleantech company that uses AI (artificial intelligence) to help utility companies add renewable energy sources to their electricity grid. It obtained a repayable contribution of C$1.7 million aimed at building and commercializing software products to manage Electric Vehicle (EV) fleet operations while reducing energy consumption and carbon-emitting vehicles.

Tehama offers cloud-based remote workplace Desktop-as-a-Service (DaaS) solutions for SMEs (small to medium-sized enterprises) and large enterprises. It is seeking to integrate new technologies and expand its cybersecure platform, and obtained a repayable contribution of C$2.7 million.

The combined investment leverages C$12.6 million in private sector support to the region.

“Today’s announcement will help home-grown technologies, while supporting the creation of over 85 high-quality jobs across the Ottawa region.” said

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