Tax season is looking a bit brighter for small business owners, while the tech industry faces new cybersecurity threats and the political landscape sees shifts in employment and financial management. Intuit's automated payroll platform is currently 50% off, according to Variety, offering a potential solution for simplifying tax preparation. Simultaneously, a new attack chain is targeting cloud environments, and the IRS faces delays.
Small business owners can now benefit from Intuit's automated payroll platform, which is currently being offered at a 50% discount, as reported by Variety. This comes as tax season approaches, and the platform aims to ease the burden of tax preparation for small businesses across the U.S.
In the tech sector, a new attack chain, dubbed the identity and access management (IAM) pivot, is targeting cloud environments. According to VentureBeat, this sophisticated attack uses trojanized packages delivered through recruitment fraud to steal developer credentials. CrowdStrike Intelligence research indicates that this allows adversaries to quickly compromise cloud IAM configurations, often leading to cryptocurrency theft. One adversary unit's operations are estimated to be worth over $2 billion.
Meanwhile, the political and financial landscape is also experiencing changes. Fortune reported that Senators are pushing for job security in Hollywood amidst potential acquisitions. Additionally, a new rule could allow easier firing of federal employees.
The IRS is also facing delays, as highlighted by Hacker News. An investigation into alleged fraud in a Minnesota social program, initially dismissed due to poor journalistic standards, gained traction through sensationalized framing and political alignment. This case reflects the politicization of fraud in the U.S.
In other news, Ben Liu, CEO of Formation Bio, an AI company working in the biotech space, noted that the biggest problem in bringing new medicine to patients isn't drug discovery, but rather the running of clinical trials, which can take years and cost hundreds of millions of dollars, as reported by Time.
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