Games & Commerce

Microsoft overhauls Xbox leadership, adds CoreAI staff

Microsoft has overhauled the leadership of its struggling Xbox division and redeployed staff from its CoreAI organisation. Xbox CEO Asha Sharma said in an internal memo the company must change how it works and its organisational structure to deliver results faster. The revamp follows a slide in game revenue, while rivals have outpaced Xbox in hardware sales. Microsoft is also reorganising subscriptions and cloud, naming David Schloss to lead those businesses.

Finance

Shinhan Financial launches joint response service to voice phishing, blocks 800 million won losses in 2 weeks

Shinhan Financial Group said on Tuesday it prevented about 800 million won in losses in two weeks through a one-stop joint response service to voice phishing that links affiliates' fraud detection systems. The service shares abnormal transaction information in real time across key units including banking, cards, securities and insurance to detect and respond to suspicious transactions early. It analysed 1,111 cases and detected 41 abnormal transactions.