Hertz is selling off a third of its electric vehicle fleet, which is predominantly made up of Teslas, and will buy gas cars with some of the money it makes from the sales.
Hertz’s move to slash its EV fleet comes as electric vehicle sales growth has cooled from record highs.
Just two years ago, Hertz announced plans to buy 100,000 EVs from Tesla by the end of 2022.
Instead, as of October 2023, Hertz had only purchased 35,000 Teslas and its entire electric fleet included about 50,000 EVs total.
It announced plans in 2022 to buy up to 175,000 EVs from General Motors, and another 65,000 from Polestar.
The U.S. Federal Trade Commission has banned the data broker X-Mode Social from sharing or selling users’ sensitive location data, the federal regulator said Tuesday.
The settlement will also require the data broker to delete or destroy all the location data it previously collected, along with any products produced from this data, unless the company obtains consumer consent or ensures the data has been de-identified.
X-Mode buys and sells access to the location data collected from ordinary phone apps.
While just one of many organizations in the multibillion-dollar data broker industry, X-Mode faced scrutiny for selling access to the commercial location data of Americans’ past movements to the U.S. government and military contractors.
Since its inception, X-Mode has imposed strict contractual terms on all data customers prohibiting them from associating its data with sensitive locations such as healthcare facilities.
Microsoft says it has successfully dismantled the infrastructure of a cybercrime operation that sold access to fraudulent Outlook accounts to other hackers, including the notorious Scattered Spider gang.
The group, tracked by Microsoft as “Storm-1152”, is described as a major player in the cybercrime as a service (CaaS) ecosystem, whereby criminals provide hacking and cybercrime services to other individuals or groups.
Storm-1152 created for sale approximately 750 million fraudulent Microsoft accounts through its “hotmailbox.me” service to earn “millions of dollars in illicit revenue” and cause “millions of dollars in damage to Microsoft,” according to the company.
Microsoft said it had identified several ransomware and extortion groups utilizing Storm-1162’s services, including Octo Tempest, better known as Scattered Spider.
Storm-1152 operated as a typical internet going-concern, providing training for its tools and even offering full customer support.
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