Tag: tech

Earlier today, Riot Games announced that it is eliminating 530 roles globally, which make up about 11 percent of its workforce. The company publicly delivered this devastating news in two separate posts — one for players, and another for “Rioters,” with the latter detailing severance package and some other benefits to treat the dismissed employees “with respect and grace.”

Additionally, Riot Games shared that it is sunsetting its publishing label, Riot Forge, which has worked on six titles — including Bandle Tale: A League of Legends Story due to be released on February 21. In their joint letter to gamers, CEO Dylan Jadeja and co-chairman Marc Merrill described Forge as “an experiment to see what would happen when Rioters partnered with their favorite indie devs,” but now “it’s time to refocus” on their internal projects. Forge will cease operation once it’s done publishing Bandle Tale.

The execs also admitted that their digital collectible card game, Legends of Runeterra, hasn’t been doing well enough financially since its launch in 2020. In the hopes of making this title more sustainable, its development team will be downsized, with its focus shifted to its more popular “The Path of Champions” single-player game mode.

Riot Games’ cutback is the latest blow to the video game industry, after a total of around 9,000 people lost their jobs in 2023 alone. Embracer Group and Unity both laid off around 900 people each, whereas Epic Games fired about 830 people, and EA dismissed more than 1,000 employees. 2024 has only just began, and we fear that this is just the tip of the iceberg for the entire tech industry.

This article originally appeared on Engadget at https://www.engadget.com/riot-games-is-laying-off-11-percent-of-its-workforce-globally-022034243.html?src=rss

The Securities and Exchange Commission has provided more details about how its official X account was compromised earlier this month. In a statement, the regulator confirmed that it had been the victim of a SIM swapping attack and that its X account was not secured with multi-factor authentication (MFA) at the time it was accessed.

“The SEC determined that the unauthorized party obtained control of the SEC cell phone number associated with the account in an apparent ‘SIM swap’ attack,” it said, referring to a common scam in which attackers persuade customer service representatives to transfer phone numbers to new devices. “Once in control of the phone number, the unauthorized party reset the password for the @SECGov account.”

The hack of its X account, which was taken over in order to falsely claim that bitcoin ETFs had been approved, has raised questions about SEC’s security practices. Government-run social media accounts are typically required to have MFA enabled. The fact that one as high-profile and with potentially market-moving abilities like @SECGiv would not be using the extra layer of security has already prompted questions from Congress.

In its statement, the SEC said that it asked X’s support staff to disable MFA last July following “issues” with its account access. “Once access was reestablished, MFA remained disabled until staff reenabled it after the account was compromised on January 9,” it said. “MFA currently is enabled for all SEC social media accounts that offer it.”

While the lack of MFA likely made it much easier to take over the SEC’s account, there are still numerous questions about the exploit, including how those responsible knew which phone was associated with the X account, how the unnamed telecom carrier fell for the scam and, of course, who was behind it. The regulator said it’s investigating these questions, along with the Department of Justice, FBI, Homeland Security and its own Inspector General.

This article originally appeared on Engadget at https://www.engadget.com/the-sec-says-its-x-account-was-taken-over-with-a-sim-swap-attack-004542771.html?src=rss