FT News Briefing The FBI’s hi-tech sting, the day the internet broke
Jun 9, 2021
Tensions rise as President Biden encounters fierce opposition from Republicans over an international tax reform plan. A massive internet outage disrupts access to countless major websites, spotlighting the fragility of digital infrastructure. Meanwhile, the FBI celebrates the successful Operation Trojan Shield, leading to the arrest of over 800 criminals on an encrypted platform. Additionally, Indian tycoons now outshine their Chinese counterparts, reshaping the landscape of wealth in Asia.
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US Corporate Tax Deal Faces Opposition
- Republicans may block the global minimum corporate tax deal.
- They argue it disproportionately affects US companies.
Global Crime Sting: Trojan Shield
- Law enforcement arrested 800+ people in a global crime sting, Operation Trojan Shield.
- The FBI secretly ran an encrypted messaging network used by criminals.
Internet Outage Shows Hidden Vulnerability
- A glitch at Fastly, a little-known internet infrastructure provider, caused widespread website outages.
- This highlights the vulnerability of relying on small, critical back-end companies.