“Some of the most aggressive efforts over the past week have been cyberattacks against major financial institutions in Iran and disinformation campaigns aimed at causing chaos and confusion in Israel.
A pro-Israeli hacking group known as Predatory Sparrow claimed credit for a cyberattack last week on Iran’s Bank Sepah, which caused widespread account issues for customers. The group also later claimed credit for draining around $90 million from Nobitex, Iran’s largest cryptocurrency exchange, and for posting stolen Nobitex source code lists on the social media platform X.
Hackers also targeted Iranian news stations. Videos circulated online appeared to show Iranian state TV broadcasting anti-regime messages last week.
The Iranian government shut down the nation’s internet in response to the attacks late last week, a blackout that was largely still ongoing on Sunday.
“Gaining control of the flow of information is certainly to be expected from the regime … they suspect that there is maybe an attempt to mobilize public attention,” Vatanka said.
Top Iranian officials and their security teams were also advised last week to stop using internet-connected devices, in particular telecommunication devices, to protect against potential Israeli disruptions. Last year, thousands of pagers used by the Iranian proxy militant group Hezbollah exploded across Lebanon, leaving thousands injured.
One reason Israel’s cyberattacks may have been more effective in this round of fighting is that Israel struck Iranian facilities first, giving it more time to prepare its offensive and defensive options before Iran could retaliate.
Iran and its proxy organizations are fighting back, albeit on a smaller scale. Israel’s National Cyber Directorate warned Israelis abroad on Saturday not to fill out forms on malicious websites that are seeking to gather intelligence on these individuals.
Gil Messing, chief of staff for Israeli cyber company Check Point Software, said Saturday just before the U.S. strikes that his company had tracked cyber and disinformation campaigns against Israel “escalating a bit,” though no new major attacks had been reported.
Messing said that there was a “flood of disinformation” pouring onto social media last week, including messages discouraging Israelis from entering shelters during attacks and erroneous texts about gas and supply shortages.
Israel’s civilian cyber defense agency warned that Iran was renewing its efforts to hack into internet-connected cameras for espionage purposes.
John Hultquist, chief analyst for Google Threat Intelligence Group, posted on X on Saturday shortly after the attacks that Iranian cyber forces usually use their “cyberattack capability for psychological purposes.”
“I’m most concerned about cyber espionage against our leaders and surveillance aided by compromises in travel, hospitality, telecommunications, and other sectors where data could be used to identify and physically track persons of interest,” Hultquist wrote.”
Advanced air forces are vulnerable to enemies destroying their planes on the ground. Having a cheap drone destroy your ridiculously expensive plane is a bad exchange. Air forces can build hardened shelters and decoys to limit the damage.
U.S. and global economic growth predicted to slow due to really dumb economic policy out of Washington. Tariffs and unpredictability are bad for the economy.
Big tech companies are getting around antitrust by “investing” in startups, making their founder their employee, and pretending that this is an investment rather than an acquisition. This stifles competition.
“Russia is catching up to Ukraine in drone production thanks to greater financial resources, production lines far from the front lines and especially help from China, a senior Ukrainian official told POLITICO.
“Chinese manufacturers provide them with hardware, electronics, navigation, optical and telemetry systems, engines, microcircuits, processor modules, antenna field systems, control boards, navigation. They use so-called shell companies, change names, do everything to avoid being subject to export control and avoid sanctions for their activities,” said Oleh Aleksandrov, spokesperson for the Ukrainian Foreign Intelligence Service. “Yet officially, China sticks to all the rules. Yet only officially.”
Beijing has repeatedly denied supplying any drones or weapons components to Russia, calling Ukrainian protests “baseless accusations and political manipulation.” But Aleksandrov said Russia has a critical dependency on the supply of Chinese spare parts for both tactical and long-range drones.”
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“Pavlo Palisa, a former top military commander and now deputy head of Ukrainian President Volodymyr Zelenskyy’s office, said in a statement that so far this year, 80 percent of the damage to Russia’s equipment and personnel has been done with drones. In May alone, Ukrainian drones destroyed 89,000 Russian targets.”
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“Kyiv says that its access to new drones has been curtailed by China, while Beijing has placed no such restrictions on Russia.”
“High-end medical devices, including those made by American manufacturers, may be especially vulnerable as many machines are built of components from a dozen vendors around the world. Some scanners cost millions of dollars and are so cutting-edge that hospitals publish a press release when they arrive.”
“La Porte, Indiana, is a small city between South Bend, Indiana, and Chicago, Illinois. The recent announcement that Microsoft is investing over a billion dollars into a vast new data center campus in La Porte is expected to be transformational for the town of 22,000 people.
Microsoft was given a 40-year tax abatement on equipment, a renewable state sales tax exemption through 2068, and just $2.5 million of payments in lieu of taxes (PILOT) over four years—roughly 30 percent of what it would normally owe. After that? Nothing. Local utilities would cover the infrastructure.”
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“there’s infrastructure. Data centers demand massive utility upgrades: power lines, substations, water lines, fiber, and roads. These are usually paid for by local utilities, state infrastructure grants, or ratepayers. In Kansas City, Evergy announced it would build two new power plants largely to meet data center demand—costs to be passed on to customers. In Northern Virginia, Dominion Energy’s data center grid upgrades are now a line item in statewide electric rate hikes.”
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“these deals are struck behind closed doors, insulated from scrutiny, and built on the assumption that any growth is good—even if it’s paid for by reaching into your neighbor’s wallet.”
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“Analysts project that data center capacity will more than triple by 2030 and estimate the U.S. will need to reach 35 gigawatts of capacity by then—double today’s total. The surge is largely driven by artificial intelligence (AI), which alone could account for 70 percent of all data center demand by 2030. These facilities already draw more electricity than some nations, and Goldman Sachs projects they’ll consume up to 9 percent of U.S. power by decade’s end. New builds are booming—yet much of that construction is being underwritten, piece by piece, by state and local governments chasing the illusion of growth.
Data centers are not a menace. Left to the market, they’re a genuine asset—critical infrastructure in a country trying to stay competitive in the age of AI. We don’t need to bribe the richest companies on earth to build them.”
“Skype’s consumer service was shut down by its parent company Microsoft…Though President Donald Trump’s overzealous antitrust enforcers think popular platforms with large user bases imbue firms with incontestable market power, the rise and fall of Skype contradicts this theory. Federal trustbusters should keep this case in mind before deeming Big Tech companies monopolies, breaking them up, and decreasing American innovation, growth, and dynamism.
Skype launched in 2003 and had 150 million monthly users by the time of its acquisition in 2011. Microsoft bought the internet calling service for $12 billion in inflation-adjusted dollars in May 2011, which the Federal Trade Commission (FTC) approved in June of that year. Salvatore Cantale, a professor of finance at INSEAD, a global business school, explained in 2013 that Microsoft paid “roughly ten times Skype’s revenues in 2010 [and] around twice its recent valuation.””
“Considering the network effects—which Reason’s Elizabeth Nolan Brown explains as the advantages that accrue to tech platforms that already have a strong user base—experienced by telecommunications services, many would predict that this dramatic increase in demand would increase Skype’s market share as new users flocked to the most-used videoconferencing platform. But the opposite happened: In 2021, Skype’s market share fell to a measly 6 percent while Zoom’s skyrocketed to nearly 50 percent. Skype’s market share recovered only seven percentage points by 2024 and was discontinued by Microsoft, which transitioned accounts to Microsoft Teams, an application that facilitates workplace communication and collaboration.”
After WWII, the other manufacturing centers of the world were rebuilding from the war, leaving the U.S. as a manufacturing superpower. Post-war Americans had pent up demand and bought lots of goods. This allowed U.S. manufacturing to flourish. Later, those countries rebuilt and third world countries developed manufacturing. Allowing low-value manufacturing to be done in places like China allowed the U.S. to invest the money made into high-value things. Now, manufacturing is highly automated, so if low-value manufacturing returned, it would make everything more expensive and not bring many jobs because manufacturing doesn’t require many laborers.