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Welcome to our news and blog section. Here you will find the latest updates from theICEway and our IT specialists at ICE. We are frequently invited to attend and speak at industry events, so if you don’t want to miss out on those, this is the page for you.

With more than 20 years’ worth of experience in cruise, travel and healthcare, you will also be able to read more about these key sectors. Of course, at the heart of it all is Information Technology – which some of you may know as ‘IT’ – and we’ll certainly include news on that.

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theICEway IT News round-up April / May 2024: Ransomware, AI & more

by Colm Bushell | May 9, 2024 | Blog | 0 Comments

Since we have not covered an IT news round up for a few months, it's about time we look back at some of the recent significant events that have unfolded. Each of these key developments will be summarised for your convenience. If you would like to explore any further, the corresponding URLs will be listed below. The first article we have chosen delves into the ongoing global shortage of AI chips, shedding light on the challenges faced in meeting the escalating demand. Next, we explore the U.S Department of Justice’s recent indictment of the notorious LockBit ransomware ringleader. Following that, we shift our focus to Amazon's ambitious strides towards achieving net zero emissions by 2040. Finally, we’ll examine the U.K government's proactive measures to enhance regulations on social platforms, safeguarding children from exposure to harmful content.


AI chip shortages continue, but there may be an end in sight

Despite the increasing demand for AI chips in various industries, such as automotive and consumer electronics, manufacturers have struggled to meet supply requirements. However, there are indications that the situation may improve soon. Several chipmakers are ramping up production capacity, and new players are entering the market. Additionally, advancements in chip design and manufacturing techniques could help alleviate the shortages soon. Overall, while AI chip shortages persist, there are hopeful signs that supply constraints may ease in the coming months.

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US indicts LockBit ransomware ringleader, offers $10 million reward

The U.S. Department of Justice have indicted a Russian National, Dmitry Yuryevich Khoroshev, who is believed to have developed the LockBit ransomware. LockBit ransomware is believed to have claimed 2,500 victims and collected over $500 million in ransom payments over the last few years. Khoroshev allegedly took 20 percent of each ransom payment, he also ran a leak site where he would post his victims’ data. Authorities found that Khoroshev kept victims’ stolen data even after the group “falsely promised” that they would delete the information when receiving a payment. There is now a $10 million reward for information that helps law enforcement apprehend him.

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Amazon adds 50 electric trucks to its delivery fleet in a bid to reduce pollution

Amazon is deploying 50 battery-electric heavy-duty trucks in California, which is claimed to be the largest in the U.S. The introduction of these trucks represents a huge step forward in Amazon's efforts to eliminate pollution from their worldwide operations. Amazon has said it will achieve carbon neutrality by 2040. But that could be a challenge to steep considering the size of their operations. 

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UK details requirements to protect children from ‘toxic algorithms’

The U.K media regulator governing body, Ofcom, is proposing 40 requirements that social media companies must adhere to under its Online Safety Act Rules (OSA). The OSA allow Ofcom to impose fines of up to £18 million or 10% or a company’s global revenue - whichever figure is greater. The UK government has taken robust action due to the concerning presence of aggressive algorithms on social media platforms, which are actively promoting harmful content to children.

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