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Oracle warned its corporate customers that there is a critical-rated vulnerability in its PeopleSoft software, which is used by large companies to manage payroll and human resources, a day after a cybercrime group took credit for abusing the flaw as part of a mass-hacking campaign. The company published the security advisory on Thursday after the…
The notorious cybercrime group ShinyHunters claimed to have hacked Oracle PeopleSoft servers at more than 100 organizations, many of them universities, a ShinyHunters member told TechCrunch on Wednesday. The breaches were first reported by BleepingComputer. PeopleSoft is enterprise software designed to manage payroll, human resources, administration, and other business operations. The news shows that despite…
As was widely reported, Oracle axed an estimated 20,000 to 30,000 people via email on March 31. One of the employees cut that day told TechCrunch about the experience: “I had, like, this weird feeling in my stomach. I went to go sign into the VPN, and the VPN was like, ‘this user doesn’t exist…
Some TikTok users in the U.S. are having trouble using the app, which the company attributes to an issue with an Oracle data center. “Creators may temporarily experience lags in posting content while Oracle works to resolve the issue,” TikTok said on X. According to user-generated reports on Downdetector, the issue has been ongoing since…
It takes a lot of computing power to run an AI product — and as the tech industry races to tap the power of AI models, there’s a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 trillion and $4…
The war for the future of Warner Brothers continues, as Paramount Skydance announced Monday an amended all-cash offer for the legacy movie studio. The offer includes an “irrevocable personal guarantee” from a major backer, Oracle billionaire Larry Ellison, to provide tens of billions in equity financing for the deal. It’s the latest move by Ellison’s…
Every year, TechCrunch looks back at the cybersecurity horrorshows of the past 12 months — from the biggest data breaches to hacks resulting in weeks of disruption — to see what we can learn. This year, the data breaches were like nothing we’ve seen before. Here’s our look back at some of the biggest security…
TikTok has reached a deal to cede a substantial portion of its U.S. operation to a group of American investors, thus ending a years-long tussle in which the federal government has sought to force the platform to do just that. The new partnership is described as a “new TikTok U.S. joint venture” in an internal…
A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence. The Wall Street Journal reports that the Nasdaq Composite Index was down 3% — making this its worst week since President Donald Trump announced his sweeping tariff plan in April. Tech companies that have otherwise performed well this year…
Amazon’s cloud infrastructure service, Amazon Web Services (AWS), is on track to record its strongest year of growth in three years, fueled by the AI industry’s unprecedented demand for computing power. AWS is growing 20% year-over-year and ended the third quarter with $33.1 billion in sales through the first nine months of the year, Amazon…