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October 8, 2019 By ray

Will Capital One’s 106M Name Data Breach Cut Into AWS’s Growth?

Should you own Amazon stock? It would certainly be a better investment if its most profitable business, AWS, was growing faster. And the odds of that happening would be better if the industry in which it competes — cloud services — was accelerating. But news that Capital One — a proud AWS customer whose stock plunged over 5% in premarket trade on July 30 — suffered a 106 million customer data breach makes me think it’s possible that AWS’s growth might slow down even more (AWS grew over 40% in previous quarters and slowed to 37% in the latest quarter) and give pause to companies in the middle of moving their IT operations to the cloud.… Read more

Filed Under: Amazon, Amazon Web Services (AWS), Security, Tech News

October 2, 2019 By ray

Amazon’s cloud was at the heart of the big Capital One hack, even though it doesn’t seem to be at fault

On Monday evening, federal prosecutors said a tech worker named Paige A. Thompson had been charged with computer fraud and abuse on allegations that she stole data from millions of Capital One customers. In the complaint, we get some technical details about how investigators say it went down: A “firewall misconfiguration” left one of Capital One’s cloud servers vulnerable, allowing Thompson to send commands that let her access the sensitive data in question.… Read more

Filed Under: Amazon, Amazon Web Services (AWS), Security, Tech News

August 29, 2019 By ray

Amazon plans to upskill 100,000 employees. Here’s what that means for the future of work

Amazon’s announcement that it will invest US$700 million to retrain 100,000 employees—a third of its U.S. workforce—in new technologies is the latest reminder that the much-heralded future of work is well underway. Policy makers, analysts, and scholars trying to discern the retailer’s motives and objectives chalked it up to a public relations move or the natural result of a tight labor market.… Read more

Filed Under: Amazon

August 22, 2019 By ray

Amazon’s fastest growing occupations list raises questions

Amazon Inc.’s plan to upskill employees claims that several occupations are growing at phenomenal rates. The fastest growing, what Amazon dubs “data mapping specialist,” is telling. It may point to Amazon’s efforts to improve delivery times. The company’s second fastest growing occupation is data scientist. Amazon cited its list of fastest growing occupations as part of its $700 million plan to upskill its workforce.… Read more

Filed Under: Amazon

August 22, 2019 By ray

Amazon Thanks GOP/Dems for Passing Green Card Giveaway for Big Tech

On Wednesday, 140 House Republicans, 224 House Democrats, and Rep. Justin Amash (R-MI) — led by Rep. Ken Buck (R-CO) and Rep. Zoe Lofgren (D-CA) — voted to allow Indian nationals to effectively monopolize the U.S. green card system for at least ten years, providing a constant stream of foreign workers that American professionals will be forced to compete against for white-collar jobs.… Read more

Filed Under: Amazon

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