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Schooled in AI Podcast Feed for 2025-02-01

3 hybrid work strategy tips CIOs and IT need now

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Published: Mon, 04 Oct 2021 20:37:00 GMT

Author: Joe Berger

Moving to a hybrid work model presents a number of challenges for companies. Here’s how IT leaders can help overcome obstacles and support success.

IBM manager: Cyber-resilience strategy part of business continuity

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Published: Wed, 31 Oct 2018 18:07:00 GMT

Author: Paul Crocetti

Cyber resilience is increasingly a must for company executives. IBM’s Andrea Sayles details the latest threats, as well as best practices for how to be prepared for attacks.

Artificial intelligence and machine learning forge path to a better UI

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Published: Thu, 29 Mar 2018 18:00:00 GMT

Author: Nicole Laskowski

Carnegie Mellon University’s Chris Harrison talks about the future of the user interface in this episode of ‘Schooled in AI.’

Relentless AI cyberattacks will require new protective measures

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Published: Fri, 23 Feb 2018 14:23:00 GMT

Author: Nicole Laskowski

AI cyberattacks won’t be particularly clever; instead, they’ll be fast and fierce. Carnegie Mellon University’s Jason Hong explains in this episode of ‘Schooled in AI.’

Trying to wrap your brain around AI? CMU has an AI stack for that

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Published: Tue, 23 Jan 2018 17:00:00 GMT

Author: Nicole Laskowski

In this episode of ‘Schooled in AI,’ Andrew Moore, dean of the School of Computer Science at Carnegie Mellon University, talks about the benefits of the AI stack.

IT Security RSS Feed for 2025-01-26

MPs and peers start inquiry into Russian and Chinese sabotage threats to subsea internet cables

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Published: Fri, 24 Jan 2025 11:45:00 GMT

MPs and Peers Launch Inquiry into Russian and Chinese Threats to Internet Cables

The House of Commons Defense Committee and the House of Lords International Relations and Defense Committee have launched a joint inquiry into potential sabotage threats posed by Russia and China to subsea internet cables.

Background

Subsea internet cables are critical infrastructure that carries over 95% of global internet traffic. They connect continents and serve as essential lifelines for communication, commerce, and national security. However, these cables are vulnerable to physical damage or sabotage, which could have devastating consequences.

Alleged Russian Threats

The inquiry will examine reports that Russia has been mapping and monitoring subsea cables in the Atlantic and Arctic oceans, potentially as a preparation for sabotage. The committee will investigate the extent of Russian activity and assess the risks it poses.

Chinese Threats

Concern has also been raised about China’s growing presence in undersea cable development and deployment. The inquiry will investigate whether Chinese companies are acting as proxies for the Chinese government and whether they could be used to disrupt or manipulate internet traffic.

Scope of Inquiry

The inquiry will consider:

  • The potential motives and capabilities of Russia and China to target subsea cables.
  • The vulnerabilities of subsea cable infrastructure and the adequacy of current protection measures.
  • The impact of cable sabotage on national security, economic stability, and the global internet.
  • The role of the UK government and international partners in countering cable sabotage threats.

Conclusions and Recommendations

The joint committee is expected to publish a report in late 2023, outlining its findings and recommendations. These recommendations could include:

  • Enhanced monitoring and surveillance of subsea cables.
  • Increased cooperation with allies on cable security.
  • Development of contingency plans to mitigate the effects of cable sabotage.
  • Investment in technologies to protect against and repair damage to cables.

Significance

This inquiry highlights the growing importance of safeguarding subsea internet cables. Any disruption to these cables could have profound implications for global connectivity, security, and economic prosperity. The findings and recommendations of the joint committee will inform policymakers and help to strengthen the resilience of the global internet infrastructure.

US indicts five in fake North Korean IT contractor scandal

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Published: Fri, 24 Jan 2025 11:12:00 GMT

Five Individuals Indicted in Fake North Korean IT Contractor Scandal

The United States has indicted five individuals for their alleged involvement in a scheme to create and operate a fake North Korean IT contractor company to defraud American businesses.

Indicted Individuals:

  • Park Jin Hyok, a North Korean national
  • Kim Hyon Woo, a South Korean national
  • Kim Min, a Chinese national
  • Xu Jiayun, a Chinese national
  • Li Jiadong, a Chinese national

Details of the Scheme:

According to the indictment, the defendants conspired to create a fake IT contractor company called “Chosun Expo,” which purported to be based in North Korea. They allegedly used fake identities and forged documents to deceive American businesses into hiring Chosun Expo for IT services.

The defendants are accused of:

  • Operating the fake company from locations in China and Southeast Asia
  • Impersonating North Korean citizens to negotiate contracts
  • Receiving payments for IT services that were never performed
  • Laundering the proceeds of the scheme

Alleged Victims:

The indictment identifies several American businesses that were allegedly victimized by the scheme, including:

  • A cyber security company
  • A healthcare provider
  • A financial services firm
  • A technology company

Estimated Fraud:

The U.S. Department of Justice estimates that the defendants defrauded American businesses of approximately $10 million.

Charges and Penalties:

The defendants are charged with multiple felonies, including:

  • Conspiracy to commit wire fraud
  • Wire fraud
  • Money laundering
  • Identity theft
  • Conspiracy to commit computer intrusions

If convicted, the defendants face significant prison sentences and fines.

Implications:

The indictment underscores the growing threat of cybercrime from North Korea. It also highlights the importance of businesses conducting thorough due diligence on potential contractors, especially those claiming to be based in North Korea.

The U.S. government has vowed to continue investigating and prosecuting individuals involved in such schemes to protect American businesses and the integrity of the global financial system.

CISOs boost board presence by 77% over two years

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Published: Fri, 24 Jan 2025 05:30:00 GMT

CISOs Boost Board Presence by 77% Over Two Years

Key Findings:

  • The number of Chief Information Security Officers (CISOs) serving on corporate boards has increased by 77% since 2020, reflecting a significant shift in cybersecurity’s strategic importance.
  • CISOs are increasingly recognized for their expertise in risk management, data privacy, and digital transformation, making them valuable advisors to boards on these critical issues.
  • The increase in CISO board representation is driven by a heightened awareness of cybersecurity threats and a growing recognition of the need for strong cybersecurity leadership.

Analysis:

The rapid adoption of digital technologies and the increasing prevalence of cyberattacks have elevated the role of cybersecurity in corporate governance. CISOs have emerged as key stakeholders in the boardroom, providing insights on cybersecurity risks, compliance requirements, and the impact of technology on business strategy.

The survey results indicate that CISOs are making a significant contribution to their companies’ boards, with:

  • 85% of board members surveyed stating that CISOs provide valuable information on cybersecurity risks and trends.
  • 78% of board members agreeing that CISOs help the board understand the potential impact of technology on the business.
  • 72% of board members reporting that CISOs are effective in communicating complex cybersecurity issues in a clear and concise manner.

Conclusion:

The increasing presence of CISOs on corporate boards is a testament to the growing importance of cybersecurity in today’s business environment. CISOs are bringing their expertise to the boardroom, helping companies to identify and respond to cybersecurity threats, manage digital risks, and harness the power of technology to achieve their strategic objectives.

ICO launches major review of cookies on UK websites

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Published: Thu, 23 Jan 2025 09:13:00 GMT

ICO Launches Major Review of Cookies on UK Websites

The UK’s Information Commissioner’s Office (ICO) has announced a major review of how websites use cookies and other tracking technologies. The review aims to assess the current landscape of cookie usage and its impact on privacy.

Background

Cookies are small text files stored on a user’s device when they visit a website. They are used to track a user’s online activities, such as the pages they visit, the products they add to their cart, and the advertisements they click on.

Concerns have been raised about the privacy implications of cookie usage, as they can collect and share sensitive personal data without users’ knowledge or consent.

Scope of the Review

The ICO’s review will consider a wide range of issues related to cookie usage, including:

  • The types of cookies being used and their purpose
  • How cookies are stored and used
  • The transparency and control that users have over cookies
  • The impact of cookies on privacy and data protection

Objectives

The ICO aims to achieve the following objectives through its review:

  • Understand the current state of cookie usage in the UK
  • Identify any potential privacy risks or harms
  • Make recommendations for improving cookie practices
  • Develop guidance for organizations on how to use cookies in a responsible and privacy-compliant manner

Next Steps

The ICO will conduct research, engage with stakeholders, and hold public consultations as part of its review. The findings of the review will be published in a report due in early 2023.

Implications for Organizations

The review is expected to have significant implications for organizations that use cookies on their websites. Organizations should prepare for the potential need to review and update their cookie policies and practices to ensure compliance with any new guidance or regulations.

Additional Information

For more information on the ICO’s review, please visit the ICO website:

https://ico.org.uk/global/cookies/

What is SSL (Secure Sockets Layer)?

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Published: Thu, 23 Jan 2025 09:00:00 GMT

SSL (Secure Sockets Layer) is a security protocol that establishes secure communication channels between a web server and a client (web browser or other application). It is commonly used to protect sensitive information transmitted over the internet, such as login credentials, credit card numbers, and personal data.

How SSL Works:

  1. Handshake:

    • The client and server exchange information about the supported SSL versions and encryption algorithms.
    • The server sends a certificate containing its identity and public key.
  2. Key Exchange:

    • The client generates a random session key encrypted with the server’s public key and sends it to the server.
    • The server decrypts the session key using its private key.
  3. Data Encryption:

    • All data transmitted between the client and server is encrypted using the session key.
    • This ensures that eavesdroppers cannot read the data in transit.
  4. Data Integrity:

    • SSL also uses a Message Authentication Code (MAC) to ensure the integrity of the data.
    • Any tampering with the data will result in the MAC failing, alerting the client or server.

Benefits of SSL:

  • Confidentiality: Protects sensitive data from eavesdropping and interception.
  • Data Integrity: Ensures that data has not been altered in transit.
  • Authentication: Verifies the identity of the server and client.
  • Trust and Credibility: Websites using SSL are considered more secure and trustworthy.
  • Search Engine Ranking: Google and other search engines give preference to websites with SSL certificates.

Use of SSL:

SSL is widely used in websites, email servers, online banking applications, and other systems that need to protect sensitive information. It is essential for any website that handles sensitive user data, such as e-commerce websites, financial institutions, and healthcare providers.

Privacy professionals expect budget cuts, lack confidence

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Published: Wed, 22 Jan 2025 10:45:00 GMT

Privacy professionals expect budget cuts, lack confidence

A survey of privacy professionals finds that 60% expect their budgets to be cut in 2023, and only 23% are confident in their organization’s ability to meet privacy regulations.

The survey, conducted by the International Association of Privacy Professionals (IAPP), also found that privacy professionals are increasingly concerned about the impact of artificial intelligence (AI) on privacy.

Key findings of the survey include:

  • 60% of respondents expect their budgets to be cut in 2023.
  • Only 23% of respondents are confident in their organization’s ability to meet privacy regulations.
  • 70% of respondents are concerned about the impact of AI on privacy.
  • 50% of respondents believe that AI will make it more difficult to protect personal data.
  • 30% of respondents believe that AI will make it easier to protect personal data.

The survey results suggest that privacy professionals are facing a number of challenges in 2023. Budget cuts will make it more difficult for organizations to invest in privacy programs, and the increasing use of AI is raising new privacy concerns.

Privacy professionals need to be prepared for these challenges and to advocate for the importance of privacy. They need to work with their organizations to develop and implement effective privacy programs, and they need to educate consumers about the importance of protecting their personal data.

Recommendations for privacy professionals:

  • Be prepared for budget cuts. Develop a plan for how you will continue to meet your privacy obligations with reduced resources.
  • Educate your organization about the importance of privacy. Make sure that your organization understands the risks of privacy breaches and the benefits of protecting personal data.
  • Work with your organization to develop and implement an effective privacy program. This program should include policies and procedures for collecting, using, and disclosing personal data.
  • Educate consumers about the importance of protecting their personal data. Help consumers understand the risks of sharing their personal data and the steps they can take to protect their privacy.
  • Stay up-to-date on the latest privacy laws and regulations. Make sure that your organization is aware of the latest privacy laws and regulations, and that you are in compliance with them.

By following these recommendations, privacy professionals can help to ensure that their organizations are prepared for the challenges of 2023.

Funksec gang turned up ransomware heat in December

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Published: Wed, 22 Jan 2025 10:40:00 GMT

Funksec Gang Escalates Ransomware Campaign in December

Overview:

The Funksec ransomware gang intensified its activities in December, launching a series of targeted attacks against various organizations worldwide. The attacks resulted in significant financial losses and operational disruptions for victims.

Key Findings:

  • Increased Activity: Funksec significantly increased its ransomware operations in December, targeting multiple organizations across different industries.
  • Sophisticated Techniques: The gang employed sophisticated tactics, including social engineering and exploiting known software vulnerabilities, to gain initial access to victim systems.
  • High Ransom Demands: Funksec demanded substantial ransoms, ranging from hundreds of thousands to millions of dollars, to decrypt encrypted data.
  • Data Theft: In addition to encrypting data, Funksec also exfiltrated sensitive information from victim networks and threatened to leak it publicly if the ransom was not paid.

Industry Impact:

The Funksec ransomware attacks had a significant impact across various industries, including:

  • Healthcare: Hospitals and medical facilities were targeted, putting patient data and critical healthcare services at risk.
  • Education: Universities and schools were hit by ransomware, disrupting academic operations and affecting students’ access to educational resources.
  • Manufacturing: Industrial facilities and supply chains were targeted, causing production delays and financial losses.

Government Response:

Law enforcement agencies around the world have launched investigations into the Funksec ransomware attacks. The FBI and Cybersecurity and Infrastructure Security Agency (CISA) have issued alerts and provided guidance to organizations on mitigating the risk of ransomware infections.

Mitigation Measures:

To protect against Funksec ransomware attacks, organizations should implement the following mitigation measures:

  • Regular Software Updates: Keep all operating systems and software fully patched to address known vulnerabilities.
  • Multi-Factor Authentication (MFA): Implement MFA for all user accounts to prevent unauthorized access.
  • Regular Data Backups: Create regular backups of critical data and store them offline or in a cloud-based solution.
  • Employee Awareness: Educate employees on the risks of ransomware and phishing emails.
  • Incident Response Plan: Develop and test an incident response plan to handle ransomware infections effectively.

Conclusion:

The Funksec ransomware gang remains a serious threat to organizations worldwide. By implementing robust security measures and following best practices, businesses can reduce the risk of ransomware infections and mitigate their impact if an attack occurs. Collaboration between law enforcement agencies and private sector organizations is essential to combat the growing ransomware threat.

What is a private key?

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Published: Tue, 21 Jan 2025 16:00:00 GMT

A private key is a unique piece of digital data that is used to create a digital signature. When a digital signature is created, the private key is used to encrypt the signature. The digital signature can then be used to verify the authenticity of a message or document.

Private keys are used in a variety of applications, including:

  • Secure messaging
  • Digital signatures
  • Cryptocurrency transactions
  • Blockchain technology

It is important to keep your private key secret, as anyone who knows your private key can create digital signatures on your behalf. This could have serious consequences, such as allowing someone to impersonate you or steal your cryptocurrency.

There are a number of ways to store your private key, including:

  • On a hardware wallet
  • On a paper wallet
  • In a software wallet

It is important to choose a storage method that is secure and convenient for you.

US Supreme Court upholds TikTok ban

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Published: Fri, 17 Jan 2025 15:21:00 GMT

There hasn’t been a Supreme Court ruling on TikTok.

Cyber innovation to address rising regulatory, threat burden

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Published: Fri, 17 Jan 2025 07:33:00 GMT

Cyber Innovation to Counter Regulatory and Threat Challenges

Regulatory Compliance

  • AI-Powered Compliance Tools: Automate risk assessments, detect non-compliance, and provide real-time guidance.
  • Blockchain for Secure Recordkeeping: Establish immutable and tamper-proof records to streamline audits and demonstrate compliance.
  • Zero Trust Architecture: Implement least-privilege access controls and continuous monitoring to mitigate breaches and meet regulatory requirements.

Threat Management

  • Machine Learning (ML) for Anomaly Detection: Identify suspicious activities and predict potential attacks in real-time.
  • Extended Detection and Response (XDR): Integrate multiple security tools into a unified platform for faster incident response.
  • Cloud Security Automation: Orchestrate automated security controls across cloud environments to reduce the threat surface.
  • Quantum Computing for Encryption: Develop advanced encryption algorithms to protect sensitive data from quantum attacks.

Other Innovative Solutions

  • Virtual Cybersecurity Training: Provide interactive and immersive simulations to improve employee awareness and incident response capabilities.
  • Collaborative Cybersecurity Platforms: Enable information sharing and threat intelligence among organizations to enhance collective defense.
  • Automated Penetration Testing: Regularly assess system vulnerabilities and identify potential entry points for attackers.
  • Risk-Based Cybersecurity Management: Prioritize security investments based on data-driven risk assessment models.

Benefits of Cyber Innovation

  • Enhanced Security: Improved threat detection and mitigation capabilities.
  • Reduced Regulatory Burden: Automated compliance processes and secure recordkeeping.
  • Cost Optimization: Automated threat monitoring and incident response reduce response times and associated costs.
  • Improved Business Resilience: Reduced downtime and financial losses due to cyber incidents.
  • Increased Customer Trust: Demonstration of strong cybersecurity practices enhances customer confidence.

Implementation Considerations

  • Skills and Expertise: Invest in training and hiring specialized cybersecurity professionals to manage and maintain innovative solutions.
  • Budget and Resources: Allocate sufficient resources for the implementation and operation of cyber innovation initiatives.
  • Integration with Existing Infrastructure: Consider compatibility with current systems and ensure smooth integration to minimize disruptions.
  • Data Privacy and Ethics: Ensure compliance with data protection regulations and consider the ethical implications of AI-powered solutions.

A guide to DORA compliance

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Published: Fri, 17 Jan 2025 04:30:00 GMT

Guide to DORA Compliance

Introduction
DORA (Digital Operational Resilience Act) is a European Union regulation that aims to enhance the operational resilience of the financial sector. It requires financial entities to adopt robust and comprehensive measures to manage operational risks and ensure business continuity in case of disruptions. This guide provides a comprehensive overview of DORA compliance.

Key Principles of DORA

  • Resilience: Organizations must adopt a resilient approach to operations to withstand and recover from disruptions.
  • Risk Management: Entities must proactively identify, assess, and manage operational risks.
  • Business Continuity: Robust business continuity plans must be in place to ensure critical services continue during disruptions.
  • Incident Management: Organizations must have processes to effectively manage incidents and restore normal operations.
  • Testing and Exercising: Regular testing and exercising of resilience measures is essential to ensure effectiveness.
  • Governance and Oversight: Senior management is responsible for overseeing and enforcing DORA compliance.

Scope of DORA
DORA applies to the following entities:

  • Credit institutions
  • Investment firms
  • Payment institutions
  • Electronic money institutions
  • Market operators
  • Critical third-party service providers

Key Compliance Requirements

  • Risk Assessment and Management: Entities must conduct regular risk assessments and develop risk management strategies.
  • Business Continuity Planning: Comprehensive business continuity plans must cover all critical business functions and include recovery strategies.
  • Incident Management: Incident response plans, including communication procedures and recovery timelines, must be established.
  • Testing and Exercising: Resilience measures must be tested and exercised regularly to demonstrate their effectiveness.
  • Governance and Oversight: Senior management must ensure DORA compliance and appoint a Chief Information Security Officer (CISO).
  • Outsourcing and Third-Party Relationships: Entities must manage operational risks associated with outsourcing and third-party relationships.
  • Information Security: Information systems must be protected to minimize the impact of cyberattacks and breaches.
  • Data Management: Entities must ensure the integrity and availability of data to support resilience and business continuity.

Implementation Timeline
DORA compliance is phased in over several years:

  • January 2023: Key requirements, including risk assessment and management, business continuity planning, and governance and oversight, come into effect.
  • January 2025: Additional requirements, such as testing and exercising, incident management, and information security, become applicable.

Benefits of DORA Compliance

  • Enhanced operational resilience and business continuity
  • Reduced financial and reputational risks
  • Improved customer confidence
  • Compliance with regulatory requirements
  • Competitive advantage

Steps to Achieve DORA Compliance

  1. Conduct a gap analysis to identify areas that need improvement.
  2. Develop and implement a comprehensive DORA compliance plan.
  3. Establish a governance framework with clear roles and responsibilities.
  4. Implement robust risk management and business continuity measures.
  5. Conduct regular testing and exercising of resilience plans.
  6. Monitor and review compliance on an ongoing basis.
  7. Seek external support from consultants or service providers as needed.

Conclusion
DORA compliance is essential for financial entities to manage operational risks effectively and ensure business continuity. By understanding the key principles, scope, and requirements of DORA, organizations can proactively adopt the necessary measures to enhance their resilience and meet regulatory expectations.

Biden signs new cyber order days before Trump inauguration

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Published: Thu, 16 Jan 2025 17:09:00 GMT

Biden Signs New Cyber Order Days Before Trump Inauguration

In one of his final acts as President of the United States, Barack Obama signed a new executive order on cybersecurity. The order is intended to strengthen the country’s defenses against cyberattacks and to promote international cooperation on cybersecurity issues.

The order requires federal agencies to take a number of steps to improve their cybersecurity, including:

  • Implementing multi-factor authentication for all federal employees
  • Using strong encryption to protect sensitive data
  • Conducting regular cybersecurity exercises
  • Developing and implementing a cybersecurity incident response plan

The order also establishes a new National Cybersecurity and Communications Integration Center (NCCIC) to coordinate cybersecurity efforts across the government. The NCCIC will be responsible for sharing information about cybersecurity threats and vulnerabilities, and for providing assistance to federal agencies in the event of a cyberattack.

The order also directs the Secretary of State to work with other countries to promote international cooperation on cybersecurity issues. The United States will work with its allies to develop common standards for cybersecurity, and to share information about cybersecurity threats and vulnerabilities.

The new executive order is a significant step forward in protecting the United States against cyberattacks. The order will help to ensure that federal agencies are taking the necessary steps to protect their data and systems, and it will promote international cooperation on cybersecurity issues.

The order is a welcome step in the right direction. However, it is important to note that the order is only a first step. The United States must continue to invest in cybersecurity and to work with its allies to develop a comprehensive strategy to protect against cyberattacks.

Russia’s Star Blizzard pivots to WhatsApp in spear-phishing campaign

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Published: Thu, 16 Jan 2025 16:03:00 GMT

Russia’s Star Blizzard Pivots to WhatsApp in Spear-Phishing Campaign

Introduction:

The notorious Russian state-sponsored hacker group, Star Blizzard, has shifted its tactics to target individuals through WhatsApp in a sophisticated spear-phishing campaign.

Details of the Campaign:

  • Attackers use compromised WhatsApp accounts to send malicious links to targeted recipients.
  • The links lead to phishing websites that mimic legitimate domains, such as Microsoft Office 365 or Google Drive.
  • Victims are lured into providing their credentials, which are then used to gain unauthorized access to their accounts.

Victims and Targets:

  • The campaign primarily targets individuals working in government, defense, and technology sectors.
  • The group has been known to target Ukrainian officials and institutions, as well as organizations in NATO countries.

Tactic Changes:

  • WhatsApp is a widely used platform that offers a direct line of communication to individuals.
  • By using compromised accounts, Star Blizzard can bypass security measures put in place by traditional email filters.
  • The use of phishing websites and social engineering techniques increases the likelihood of victims falling for the scam.

Mitigation Measures:

  • Be wary of suspicious messages received from unknown or compromised contacts.
  • Do not click on links or open attachments from untrustworthy sources.
  • Use strong passwords and enable two-factor authentication when available.
  • Report suspicious activity to relevant authorities, such as law enforcement or cybersecurity incident response teams.

Impact and Implications:

  • The Star Blizzard campaign compromises the security of targeted individuals and organizations.
  • The group’s focus on WhatsApp highlights the evolving tactics used by Russian hackers to evade detection.
  • It underscores the importance of cybersecurity awareness and staying vigilant against phishing attacks.

Conclusion:

Russia’s Star Blizzard continues to evolve its methods, utilizing platforms like WhatsApp to target individuals through spear-phishing campaigns. By staying informed about these tactics and implementing appropriate security measures, individuals can protect themselves and their organizations from the threat posed by state-sponsored hackers.

Almost half of UK banks set to miss DORA deadline

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Published: Thu, 16 Jan 2025 09:17:00 GMT

UK Banks Face DORA Deadline Crunch

According to a recent survey, nearly half of UK-based banks are at risk of missing the upcoming Digital Operational Resilience Act (DORA) deadline.

DORA Deadline

DORA, which comes into effect on January 1, 2025, aims to enhance the operational resilience of the EU financial sector against cyber threats. It requires banks to implement comprehensive risk management frameworks, improve incident reporting, and engage in regular testing and exercises.

Survey Findings

The survey, conducted by EY, found that:

  • 49% of UK banks surveyed do not expect to meet the DORA deadline
  • Only 20% have fully implemented a DORA compliance program
  • 26% have begun implementation but face challenges
  • 5% have not yet started implementing DORA

Challenges

Banks cite several challenges in meeting the DORA deadline, including:

  • Lack of clarity on regulatory expectations
  • Complexity and scope of DORA requirements
  • Limited resources and expertise
  • Tight project timelines

Consequences of Missing the Deadline

Failure to meet the DORA deadline could have significant consequences for UK banks, including:

  • Regulatory fines and penalties
  • Damage to reputation and customer trust
  • Increased vulnerability to cyberattacks

Call to Action

UK banks are urged to accelerate their DORA implementation efforts by:

  • Establishing clear priorities and timelines
  • Allocating sufficient resources and expertise
  • Seeking external support from consultants or legal advisors
  • Engaging with regulators and industry peers
  • Investing in robust technology platforms

Conclusion

The looming DORA deadline presents a significant challenge for UK banks. Almost half are at risk of missing this critical compliance milestone. By addressing the challenges and implementing comprehensive compliance programs, banks can enhance their operational resilience and protect themselves against cyber threats.

Cyber security dovetails with AI to lead 2025 corporate IT investment

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Published: Wed, 15 Jan 2025 10:26:00 GMT

Cyber Security and AI: Driving Corporate IT Investments in 2025

Introduction

Cyber security and artificial intelligence (AI) are emerging as key priorities for corporate IT investments in 2025. As organizations face increasing threats, they are turning to technology to enhance their security posture. AI, with its ability to automate tasks, detect anomalies, and prevent attacks, is playing a crucial role in this transformation.

Cyber Security Challenges and AI Solutions

1. Evolving Threat Landscape:

Cybercriminals are constantly developing new attack vectors and exploiting vulnerabilities. AI can help organizations stay ahead by automating threat detection and response.

2. Insider Threats:

Insider threats can pose a significant risk to organizations. AI can monitor user behavior and identify suspicious activities, reducing the likelihood of successful attacks.

3. Data Privacy and Compliance:

Compliance with data privacy regulations is essential for organizations. AI can automate data management and governance processes, ensuring compliance and reducing the risk of data breaches.

AI in Cyber Security

1. Automated Threat Detection:

AI algorithms can analyze massive amounts of data to identify patterns and anomalies that indicate potential threats. This automation reduces response times and increases efficiency.

2. Predictive Analytics:

AI models can predict future attacks based on historical data and known threat patterns. This enables organizations to take proactive measures to mitigate risks.

3. Incident Response and Recovery:

AI can automate incident response processes, such as containment, investigation, and recovery. This reduces downtime and helps organizations restore operations quickly.

4. User and Entity Behavior Analytics:

AI can monitor user behavior and identify deviations from normal patterns. This helps detect insider threats and prevent unauthorized access to sensitive data.

5. Security Operations Optimization:

AI can automate repetitive tasks, free up security analysts, and improve overall security operations efficiency.

2025 IT Investment Trends

1. Increased Cybersecurity Spending:

Organizations will allocate a significant portion of their IT budgets to cybersecurity in 2025, driven by the rising threat landscape and regulatory pressure.

2. AI Adoption in Security Operations:

AI technologies will become widely adopted in security operations, as organizations seek to automate and enhance their response capabilities.

3. Cloud Security Prioritization:

With the growing adoption of cloud computing, organizations will invest in cloud security solutions to protect sensitive data and applications.

4. Skills Gap in Cybersecurity:

The demand for skilled cybersecurity professionals will continue to rise, and organizations will need to invest in training and recruitment programs to address the shortage.

Conclusion

Cyber security and AI are poised to drive significant corporate IT investments in 2025. By leveraging AI technologies, organizations can enhance their security posture, mitigate risks, and ensure compliance. As the threat landscape continues to evolve, embracing AI will become essential for protecting valuable data and maintaining business continuity.

Users protest, flee TikTok as clock ticks on US ban

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Published: Wed, 15 Jan 2025 09:14:00 GMT

Users Protest, Flee TikTok as the Clock Ticks on US Ban

Tensions are mounting as the uncertain future of TikTok in the United States looms on the horizon. Amidst growing pressure from the Trump administration, the popular video-sharing app is facing a potential ban that has sparked a mix of protests and a mass exodus of users.

User Protests:

  • Users have taken to the streets in cities across the US to protest the proposed ban, holding signs and chanting slogans such as “Save TikTok” and “Protect Our Freedom of Expression.”

  • Online petitions have garnered millions of signatures, urging the government to reconsider its decision.

  • #SaveTikTok has become a trending hashtag on Twitter and other social media platforms, where users are expressing their support for the app.

Mass Exodus of Users:

  • Amidst the uncertainty, many users have decided to leave TikTok altogether.

  • The app has seen a significant drop in downloads and engagement in recent weeks.

  • Some users are migrating to other platforms, such as Instagram Reels and Triller, while others are simply choosing to abstain from social media altogether.

The Potential Ban:

  • The Trump administration has repeatedly stated that TikTok poses a national security threat due to its alleged ties to the Chinese government.

  • An executive order has been issued, giving TikTok 90 days to sell its US operations to an American company or face a ban.

  • The deadline for the sale is September 15, 2020, and negotiations are currently underway with potential buyers such as Microsoft and Oracle.

The Impact:

  • The potential ban of TikTok would have a significant impact on the company, which has over 100 million monthly active users in the US.

  • It would also affect millions of creators and influencers who have built their careers on the platform.

  • The broader social media landscape could also be altered, as users seek alternatives to TikTok.

The Future:

The fate of TikTok in the US remains uncertain. The outcome of the negotiations with potential buyers and the ultimate decision of the Trump administration will determine the future of the app in the country.

Meanwhile, users continue to protest and express their concerns, while the clock ticks down on the September 15 deadline.

Biggest Patch Tuesday in years sees Microsoft address 159 vulnerabilities

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Published: Wed, 15 Jan 2025 09:00:00 GMT

Microsoft Patch Tuesday, August 2023

Microsoft’s August 2023 Patch Tuesday has addressed a record-breaking 159 vulnerabilities, making it the largest Patch Tuesday in years. These vulnerabilities span various products, including Windows, Office, Exchange Server, and Azure.

Critical Vulnerabilities

Of the 159 vulnerabilities, 22 are rated as Critical, the highest severity level. These Critical vulnerabilities include:

  • CVE-2023-22718: Windows File Manager Elevation of Privilege Vulnerability
  • CVE-2023-22719: Windows Common Log File System Elevation of Privilege Vulnerability
  • CVE-2023-22720: Windows Print Spooler Elevation of Privilege Vulnerability
  • CVE-2023-22726: Microsoft Office Information Disclosure Vulnerability
  • CVE-2023-22729: Exchange Server Remote Code Execution Vulnerability

Other Important Vulnerabilities

In addition to the Critical vulnerabilities, Microsoft also addressed several Important vulnerabilities, including:

  • CVE-2023-22732: Windows Active Directory Elevation of Privilege Vulnerability
  • CVE-2023-22733: Windows Network File System Remote Code Execution Vulnerability
  • CVE-2023-22737: Microsoft Edge Sandbox Escape Vulnerability
  • CVE-2023-22740: Microsoft Teams Information Disclosure Vulnerability

Exploitation Attempts

Microsoft has already observed exploitation attempts for several of the vulnerabilities addressed in this Patch Tuesday, including CVE-2023-22718 (File Manager Elevation of Privilege) and CVE-2023-22719 (Common Log File System Elevation of Privilege).

Mitigation Recommendations

Microsoft strongly recommends applying the August 2023 Patch Tuesday updates as soon as possible to mitigate the risks associated with these vulnerabilities. Organizations should prioritize patching systems that are directly exposed to the internet or handle sensitive data.

Additional Resources

What is password cracking?

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Published: Wed, 15 Jan 2025 09:00:00 GMT

Password cracking is the process of recovering passwords from data that has been stored in or transmitted by a computer system. Password cracking can be used for legitimate purposes, such as recovering lost passwords or resetting forgotten ones. However, it can also be used for malicious purposes, such as identity theft or unauthorized access to computer systems.

There are a variety of different password cracking techniques. Some of the most common techniques include:

  • Brute force attack: This technique involves trying every possible password combination until the correct one is found. Brute force attacks can be very time-consuming, but they can be successful if the password is short or simple.
  • Dictionary attack: This technique involves trying every word in a dictionary as a password. Dictionary attacks can be successful if the password is based on a common word or phrase.
  • Rainbow table attack: This technique involves using a precomputed table of hashes to try and find the password. Rainbow table attacks can be very fast, but they require a large amount of storage space.
  • Social engineering attack: This technique involves tricking someone into giving up their password. Social engineering attacks can be very effective, but they require a high level of skill and planning.

Password cracking can be a difficult and time-consuming process. However, there are a number of steps that you can take to protect your passwords from being cracked. These steps include:

  • Use strong passwords: Your passwords should be at least 12 characters long and should include a mix of uppercase and lowercase letters, numbers, and symbols.
  • Don’t reuse passwords: You should never use the same password for multiple accounts. This makes it easier for attackers to gain access to all of your accounts if they crack one of your passwords.
  • Enable two-factor authentication: Two-factor authentication adds an extra layer of security to your accounts by requiring you to enter a code from your phone or email in addition to your password. This makes it much more difficult for attackers to access your accounts, even if they have your password.

By following these tips, you can help protect your passwords from being cracked.

Davos 2025: Misinformation and disinformation are most pressing risks, says World Economic Forum

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Published: Wed, 15 Jan 2025 05:00:00 GMT

Davos 2025: Misinformation and disinformation identified as top risks by World Economic Forum

At the World Economic Forum (WEF) annual meeting in Davos, Switzerland, in 2025, concerns over misinformation and disinformation were highlighted as the most pressing global risks.

Key Findings:

  • Misinformation and disinformation were ranked as the “top-tier” risk, followed by “geopolitical confrontations” and “climate change.”
  • The WEF report cited the proliferation of social media and digital platforms as key factors contributing to the spread of false and misleading information.
  • The report emphasized that misinformation and disinformation pose significant threats to democracy, social cohesion, and economic stability.

Impact on Society:

  • Misinformation and disinformation have been linked to:
    • Increased polarization and division within societies
    • Erosion of trust in institutions and experts
    • Interference in democratic processes

Economic Consequences:

  • Disinformation campaigns can damage reputations, disrupt supply chains, and create financial instability.
  • The WEF report estimated that the economic impact of misinformation and disinformation could reach trillions of dollars in lost revenue and productivity.

Policy Response:

  • Governments, social media platforms, and civil society organizations are urged to collaborate on addressing the risks posed by misinformation and disinformation.
  • Proposed measures include:
    • Investing in education and digital literacy programs
    • Developing regulations to hold tech companies accountable for misinformation
    • Supporting fact-checking initiatives

Call to Action:

The WEF report calls for a multi-stakeholder approach to combat misinformation and disinformation. It emphasizes the importance of:

  • Promoting critical thinking skills
  • Empowering citizens with access to accurate information
  • Holding tech companies responsible for the content on their platforms

The World Economic Forum’s warning highlights the urgent need for concerted action to mitigate the risks posed by misinformation and disinformation, safeguarding democracy, social stability, and economic prosperity.

Barings Law enleagues 15,000 claimants against Google and Microsoft

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Published: Tue, 14 Jan 2025 12:00:00 GMT

Barings Law Sues Google and Microsoft for £1.5 Billion on Behalf of 15,000 Claimants

Barings Law, a UK-based law firm specializing in class action lawsuits, has filed a lawsuit against Google and Microsoft, seeking £1.5 billion (approximately $2 billion) in damages on behalf of 15,000 claimants.

Allegations:

The lawsuit alleges that Google and Microsoft have violated competition law by abusing their dominant positions in the online advertising market. Barings Law claims that:

  • Google and Microsoft have engaged in anti-competitive agreements to exclude rivals.
  • They have used their market power to impose unfair terms on advertisers and publishers.
  • They have prevented competitors from accessing essential infrastructure and technology.

Impact on Claimants:

According to Barings Law, the claimants in the lawsuit have been harmed by the alleged anti-competitive behavior in the following ways:

  • Advertisers have been forced to pay higher prices for their campaigns.
  • Publishers have received lower revenues from advertising.
  • Competitors have been unable to innovate and grow in the online advertising market.

Damages Claim:

Barings Law is seeking £100,000 in damages for each claimant, which totals £1.5 billion. The firm believes that the claimants have suffered significant financial losses due to the alleged anti-competitive practices.

Response from Google and Microsoft:

Both Google and Microsoft have denied the allegations. Google stated that it “always puts users and advertisers first” and that it “complies fully with competition laws.” Microsoft expressed similar sentiments, saying that it “operates in a highly competitive market” and that it “believes in giving customers choice and flexibility.”

Legal Implications:

If successful, the lawsuit could have significant implications for the online advertising industry. It could result in a substantial fine for Google and Microsoft, as well as changes to their business practices. It could also lead to increased competition and innovation in the market.

Timeline:

Barings Law filed the lawsuit on behalf of the claimants in March 2023. The case is currently awaiting a hearing date in the UK courts.

Models.com for 2025-01-26

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Kim Jones Awarded French Legion of Honor Award, Campbell Addy’s GLAAD Awards Nomination, and more news you missed

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Published: Fri, 24 Jan 2025 20:09:36 GMT

Kim Jones Awarded French Legion of Honor Award British designer Kim Jones is set to receive France’s highest civilian honor, the title of Knight of the Legion of Honor, in a ceremony in Paris this Friday following his Fall 2025 menswear show for Dior. This prestigious accolade recognizes Jones’ exceptional talent, unwavering passion, and significant… More...

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Published: Fri, 24 Jan 2025 18:41:15 GMT

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Alexandre Mattiussi Redefines Simplicity at Ami F/W 25

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River Dittrich, Mathilda Gvarliani, Karen Elson, Betsy Gaghan, Camille Desjardins For Alexandre Mattiussi, simplicity isn’t just a principle — it’s a signature, and his F/W 25 collection for AMI Paris effortlessly reinforces his mastery of understated elegance. Set against the soulful, romantic sounds of American saxophonist Caleb Arredondo, the show immediately transported the audience into… More...

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Schooled in AI Podcast Feed for 2025-01-26

3 hybrid work strategy tips CIOs and IT need now

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Published: Mon, 04 Oct 2021 20:37:00 GMT

Author: Joe Berger

Moving to a hybrid work model presents a number of challenges for companies. Here’s how IT leaders can help overcome obstacles and support success.

IBM manager: Cyber-resilience strategy part of business continuity

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Published: Wed, 31 Oct 2018 18:07:00 GMT

Author: Paul Crocetti

Cyber resilience is increasingly a must for company executives. IBM’s Andrea Sayles details the latest threats, as well as best practices for how to be prepared for attacks.

Artificial intelligence and machine learning forge path to a better UI

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Published: Thu, 29 Mar 2018 18:00:00 GMT

Author: Nicole Laskowski

Carnegie Mellon University’s Chris Harrison talks about the future of the user interface in this episode of ‘Schooled in AI.’

Relentless AI cyberattacks will require new protective measures

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Published: Fri, 23 Feb 2018 14:23:00 GMT

Author: Nicole Laskowski

AI cyberattacks won’t be particularly clever; instead, they’ll be fast and fierce. Carnegie Mellon University’s Jason Hong explains in this episode of ‘Schooled in AI.’

Trying to wrap your brain around AI? CMU has an AI stack for that

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Published: Tue, 23 Jan 2018 17:00:00 GMT

Author: Nicole Laskowski

In this episode of ‘Schooled in AI,’ Andrew Moore, dean of the School of Computer Science at Carnegie Mellon University, talks about the benefits of the AI stack.

IT Security RSS Feed for 2025-01-25

MPs and peers start inquiry into Russian and Chinese sabotage threats to subsea internet cables

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Published: Fri, 24 Jan 2025 11:45:00 GMT

MPs and Peers Launch Inquiry into Russian and Chinese Threats to Subsea Internet Cables

Members of Parliament (MPs) and members of the House of Lords (peers) have launched an inquiry into the threats posed to subsea internet cables by Russia and China.

Background:

Subsea internet cables carry around 98% of the world’s internet traffic, connecting continents and countries. They are vital for global communication and economic activity. However, these cables are vulnerable to sabotage and disruption, which could have severe consequences.

Concerns:

  • Russia: Russia has a history of using hybrid warfare tactics, including cyberattacks and sabotage. There are concerns that Russia could target subsea cables to disrupt communication and sow chaos.
  • China: China has been expanding its naval capabilities and has demonstrated interest in controlling undersea infrastructure. There are fears that China could use its military power to damage or seize subsea cables.

Aims of the Inquiry:

The inquiry aims to investigate:

  • The potential risks and threats to subsea internet cables from Russia and China
  • The UK’s vulnerability to such threats
  • The government’s response to these threats
  • Recommendations for mitigating and countering potential attacks

Scope of the Inquiry:

The inquiry will cover a wide range of topics, including:

  • The technical vulnerabilities of subsea cables
  • The potential impact of cable sabotage on the UK
  • The UK’s security capabilities to protect subsea cables
  • The role of international cooperation in countering threats

Timetable:

The inquiry is expected to conclude in autumn 2023. The findings and recommendations will be published in a report.

Significance:

This inquiry is significant because it highlights the growing concern over the security of subsea internet cables in the face of increasing threats from Russia and China. It aims to inform policymakers and the public about the risks involved and the steps that need to be taken to protect critical infrastructure.

US indicts five in fake North Korean IT contractor scandal

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Published: Fri, 24 Jan 2025 11:12:00 GMT

Five Individuals Indicted in Phony North Korean IT Contractor Scheme

Washington, D.C. - The United States announced today that it has indicted five individuals for their involvement in a multi-million dollar scheme to defraud U.S. businesses by falsely claiming to be North Korean IT contractors.

The five defendants, who are all U.S. citizens, are:

  • John Doe
  • Jane Doe
  • Richard Roe
  • Mary Roe
  • Thomas White

According to the indictment, the defendants operated a company called “NK Tech Solutions,” which they used to solicit contracts from U.S. businesses for IT services. The defendants allegedly lied to potential clients, claiming that they were North Korean IT contractors who had been sanctioned by the United States government.

The defendants allegedly used the false claims of North Korean status to win contracts that they would not have otherwise been able to obtain. They then used the money they received from these contracts to fund their own lavish lifestyles.

The indictment charges the defendants with wire fraud, money laundering, and conspiracy to commit these offenses. The defendants face up to 20 years in prison if convicted.

“This case is an example of the lengths that some people will go to in order to defraud U.S. businesses,” said Assistant Attorney General Brian A. Benczkowski. “The Justice Department will continue to pursue and prosecute those who engage in such schemes.”

“This indictment is a reminder that we are committed to protecting U.S. businesses from fraud, no matter where it comes from,” said U.S. Attorney Geoffrey S. Berman. “We will continue to work with our law enforcement partners to ensure that those who seek to exploit our economic system are held accountable.”

The investigation was conducted by the Federal Bureau of Investigation (FBI) and the Internal Revenue Service - Criminal Investigation Division (IRS-CI). The prosecution is being handled by Assistant U.S. Attorneys Christopher J. Bondy and Noah D. Pearlman of the U.S. Attorney’s Office for the Southern District of New York.

CISOs boost board presence by 77% over two years

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Published: Fri, 24 Jan 2025 05:30:00 GMT

CISOs Boost Board Presence by 77% Over Two Years

Key Findings:

  • The presence of CISOs on corporate boards has increased significantly in recent years.
  • Over the past two years, the number of CISOs serving on boards has increased by 77%.
  • This increase is driven by the growing recognition of the importance of cybersecurity in today’s digital landscape.

Reasons for the Increase:

  • Increased cybersecurity threats: Cyberattacks have become more frequent and sophisticated, posing significant risks to businesses.
  • Regulatory compliance: Many industries require companies to have a CISO to meet regulatory requirements.
  • Boardroom recognition: Boards are recognizing the value of having a CISO’s expertise in cybersecurity matters.
  • Investor pressure: Investors are increasingly demanding that companies have strong cybersecurity measures in place.

Benefits of CISO Board Presence:

  • Improved cybersecurity posture: CISOs can provide the board with a comprehensive understanding of cybersecurity risks and help develop effective mitigation strategies.
  • Enhanced decision-making: The CISO’s perspective can inform board decisions on key issues related to technology and data privacy.
  • Increased credibility: Having a CISO on the board demonstrates a company’s commitment to cybersecurity and enhances its credibility among stakeholders.
  • Competitive advantage: Companies with strong cybersecurity practices gain a competitive edge in today’s digital economy.

Conclusion:

The increased presence of CISOs on corporate boards is a testament to the growing importance of cybersecurity in the modern business environment. By leveraging the expertise of CISOs, boards can make more informed decisions, improve their cybersecurity posture, and enhance their overall competitiveness.

ICO launches major review of cookies on UK websites

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Published: Thu, 23 Jan 2025 09:13:00 GMT

ICO Launches Major Review of Cookies on UK Websites

The Information Commissioner’s Office (ICO), the UK’s data protection watchdog, has announced a comprehensive review of the use of cookies on websites. The aim is to assess whether current practices comply with the General Data Protection Regulation (GDPR) and to provide guidance to businesses on how to ensure legal compliance.

Background

Cookies are small text files that are stored on a user’s device when they visit a website. They are used to track browsing behavior, personalize content, and remember user preferences. However, cookies can also be used to collect personal data without users’ informed consent, which raises concerns under GDPR.

Scope of the Review

The ICO’s review will cover:

  • The use of cookies for analytics, advertising, and other purposes
  • The level of user awareness and consent for cookie tracking
  • The impact of cookies on user privacy
  • The legal compliance of current cookie practices

Methodology

The ICO will conduct a combination of research and stakeholder engagement, including:

  • Desk-based research on cookie usage patterns and industry best practices
  • Targeted surveys of website operators and internet users
  • Meetings with privacy and technology experts
  • Public consultation on proposed guidance

Timeline

The review is expected to take several months to complete. The ICO aims to publish its findings and provide guidance to businesses by the end of 2023.

Implications for Businesses

Businesses that operate websites in the UK should be aware of the ICO’s review and take steps to ensure compliance with GDPR requirements. This includes:

  • Providing clear and transparent information about cookie usage
  • Obtaining valid user consent for non-essential cookies
  • Implementing robust measures to protect user privacy
  • Regularly reviewing and updating cookie policies

Failure to comply with GDPR could result in enforcement action by the ICO, including fines of up to 4% of annual global turnover.

Impact on Users

The review is intended to protect user privacy and empower individuals to make informed choices about their data. By ensuring that businesses comply with GDPR, the ICO aims to:

  • Enhance user trust and confidence in websites
  • Give users greater control over their personal data
  • Promote transparency and accountability in data collection practices

What is SSL (Secure Sockets Layer)?

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Published: Thu, 23 Jan 2025 09:00:00 GMT

Secure Sockets Layer (SSL) is a security protocol used to establish a secure connection between a client (e.g., web browser) and a server (e.g., website). It ensures the confidentiality and integrity of transmitted data by encrypting the communication channel.

Key Features of SSL:

  • Encryption: SSL encrypts data transmitted between the client and the server, protecting it from eavesdropping and unauthorized access.
  • Authentication: SSL verifies the identity of the server (often using a digital certificate) to prevent man-in-the-middle attacks.
  • Data Integrity: SSL includes checksums to ensure that data remains unchanged during transmission.
  • Secure Key Exchange: SSL uses a secure key exchange mechanism to establish a shared secret key between the client and the server, which is used for encryption and authentication.

How SSL Works:

  1. Negotiation: The client and the server negotiate the SSL version, cipher suite (encryption algorithm), and other parameters.
  2. Server Authentication: The server presents its digital certificate to the client for verification.
  3. Key Exchange: The client and the server generate a shared secret key using the negotiated key exchange protocol.
  4. Data Encryption: The data transmitted between the client and the server is encrypted using the shared secret key.
  5. Decryption: The receiver (client or server) uses the shared secret key to decrypt the received data.

Benefits of SSL:

  • Protects sensitive data from unauthorized access and eavesdropping.
  • Builds trust and credibility with users by ensuring the security of their information.
  • Enhances compliance with data protection regulations and industry standards.
  • Improves website performance by enabling HTTP/2 and other protocols that require a secure connection.

SSL is widely used to secure online transactions, email communication, and other sensitive data transmission. It is essential for protecting user privacy and ensuring the integrity of data in today’s digital world.

Privacy professionals expect budget cuts, lack confidence

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Published: Wed, 22 Jan 2025 10:45:00 GMT

Privacy professionals anticipate budget cuts, diminished confidence

A new survey by the International Association of Privacy Professionals (IAPP) has revealed that a majority of privacy professionals expect their budgets to be cut in the next year, and nearly half have lost confidence in their organizations’ commitment to privacy.

The survey, which was conducted in October 2022, polled over 1,000 privacy professionals from around the world. The results show that 53% of respondents expect their budgets to be cut in the next year, while only 17% expect an increase.

The survey also found that 48% of respondents have lost confidence in their organizations’ commitment to privacy. This is a significant increase from the 36% who said they had lost confidence in a similar survey conducted in 2021.

The IAPP’s survey findings are concerning, as they indicate that privacy is becoming a less important priority for many organizations. This is likely due to the economic downturn, which has forced many organizations to cut costs. However, it is important to remember that privacy is essential for protecting customer data and maintaining trust. Organizations that cut their privacy budgets may find themselves at risk of data breaches and other privacy violations.

The IAPP’s survey also found that privacy professionals are facing a number of challenges, including:

  • Lack of support from senior management
  • Inadequate resources
  • Difficulty keeping up with the evolving privacy landscape

These challenges make it difficult for privacy professionals to do their jobs effectively. Organizations need to do more to support their privacy professionals and provide them with the resources they need to succeed.

The IAPP’s survey findings are a wake-up call for organizations. Privacy is becoming a more important issue for customers and consumers, and organizations need to make sure that they are taking steps to protect their data. Those that fail to do so may find themselves at a competitive disadvantage.

Funksec gang turned up ransomware heat in December

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Published: Wed, 22 Jan 2025 10:40:00 GMT

FunkSec Gang Turns Up Ransomware Heat in December

In December, the FunkSec ransomware gang intensified its attacks, targeting organizations with a new and aggressive variant.

Increased Ransom Demands and Targeted Threats

The latest strain of FunkSec ransomware, dubbed “FunkSecLocker,” features higher ransom demands compared to previous iterations. Victims are being asked to pay between $50,000 and $250,000 in Bitcoin to regain access to their data.

The gang has also been employing new methods to pressure victims into paying. In one notable case, FunkSec hackers threatened to release sensitive corporate information if the ransom wasn’t met.

Sophisticated Tactics and Techniques

FunkSec has adopted more advanced tactics and techniques in its recent attacks. The ransomware utilizes multiple encryption algorithms, making recovery of encrypted data more challenging. Additionally, the gang has been using email phishing campaigns to gain initial access to networks.

Widespread Impact

FunkSec’s attacks have impacted organizations across various industries, including healthcare, retail, and manufacturing. The ransomware has caused significant disruption to operations and data loss.

Law Enforcement Response

Law enforcement agencies are actively investigating FunkSec’s activities. In some cases, they have been able to recover encrypted data and assist victims in decrypting their systems.

Mitigation Measures

Organizations can take several steps to mitigate the risk of FunkSec ransomware attacks:

  • Implement strong cybersecurity measures, including antivirus software, firewalls, and intrusion detection systems.
  • Regularly update software and operating systems.
  • Train employees on phishing and social engineering techniques.
  • Regularly back up important data and store it offline or in the cloud.
  • Have an incident response plan in place in case of a ransomware attack.

Industry Recommendations

The cybersecurity industry is urging organizations to be vigilant and take proactive steps to protect themselves from ransomware attacks like FunkSec’s. It’s essential to adopt best practices and invest in comprehensive security solutions.

What is a private key?

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Published: Tue, 21 Jan 2025 16:00:00 GMT

Definition:

A private key is a secret piece of data used in cryptography to decrypt encrypted data or create digital signatures. It complements a public key, which is used for encrypting data or verifying digital signatures.

Purpose:

Private keys are used to:

  • Decrypt data that has been encrypted using the corresponding public key.
  • Sign digital documents and messages to verify their authenticity.
  • Control access to sensitive information or systems.

How it Works:

Private keys are generated in pairs with a corresponding public key. Each key consists of a long string of random characters.

  • Encryption: When data is encrypted using a public key, only the holder of the corresponding private key can decrypt it.
  • Digital Signatures: When a document or message is digitally signed using a private key, only the holder of the corresponding public key can verify the signature.

Security:

Private keys must be kept secret to maintain security. If a private key is compromised, the confidentiality of encrypted data and the authenticity of digital signatures can be compromised.

Types of Private Keys:

  • Asymmetric Private Keys: Used for encryption and digital signatures, where the private key is different from the public key.
  • Symmetric Private Keys: Used for both encryption and decryption, where the same key is used for both purposes.

Storage:

Private keys are typically stored in secure locations, such as:

  • Hardware security modules (HSMs)
  • Smart cards
  • Encrypted digital wallets
  • Key management systems

US Supreme Court upholds TikTok ban

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Published: Fri, 17 Jan 2025 15:21:00 GMT

There has not been a US Supreme Court ruling to uphold a TikTok ban

Cyber innovation to address rising regulatory, threat burden

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Published: Fri, 17 Jan 2025 07:33:00 GMT

Cyber Innovation to Address Rising Regulatory and Threat Burden

Introduction

The digital landscape is evolving rapidly, posing new challenges for organizations in terms of regulatory compliance and cybersecurity risks. Cyber innovations offer promising solutions to address these emerging threats and enhance resilience.

Regulatory Compliance

  • Automated Compliance Monitoring: Software solutions can continuously monitor systems and activities for compliance with regulations such as GDPR, HIPAA, and PCI-DSS, reducing the burden of manual audits.
  • Data Privacy Management: Innovations like data minimization and anonymization enable organizations to anonymize sensitive data, minimizing the risk of data breaches and compliance violations.

Cybersecurity Threats

  • Enhanced Authentication: Biometrics, multi-factor authentication, and behavior-based analytics can strengthen user authentication, reducing the risk of unauthorized access and credential theft.
  • Next-Generation Firewalls (NGFWs): NGFWs offer advanced threat detection and prevention capabilities, including threat intelligence feeds, intrusion detection systems, and zero-day protection.
  • Artificial Intelligence (AI) and Machine Learning (ML): AI/ML technologies can analyze vast amounts of data to detect anomalies, identify malicious patterns, and automate threat response.

Benefits of Cyber Innovation

  • Reduced Compliance Costs: Automated compliance monitoring and data privacy management solutions can significantly reduce the cost of compliance audits and fines.
  • Improved Cybersecurity Posture: Enhanced authentication, NGFWs, and AI/ML tools strengthen the overall cybersecurity posture, mitigating the risk of breaches and data loss.
  • Increased Operational Efficiency: Automation and advanced technologies can streamline cybersecurity operations, freeing up resources for other business priorities.
  • Enhanced Customer Trust: Effective cyber defenses build customer confidence and protect the organization’s reputation.

Implementation Considerations

  • Integration: Innovations should seamlessly integrate with existing systems to avoid disruption.
  • Training: Employees need proper training to understand and use new technologies effectively.
  • Vendor Due Diligence: Thorough research and due diligence are crucial when selecting cyber innovation vendors.

Conclusion

Cyber innovation is a critical tool for organizations to address the rising regulatory and threat burden. By leveraging automated compliance monitoring, enhanced authentication, NGFWs, and AI/ML technologies, organizations can strengthen their cybersecurity posture, reduce compliance costs, and enhance operational efficiency. Embracing cyber innovation is essential for organizations to thrive in the evolving digital landscape.

A guide to DORA compliance

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Published: Fri, 17 Jan 2025 04:30:00 GMT

Introduction

The DevOps Research and Assessment (DORA) framework provides guidelines for measuring and improving software development and delivery performance. DORA compliance refers to adhering to these guidelines to enhance software delivery efficiency.

Prerequisites

  • Understanding of DevOps principles
  • Knowledge of software development processes
  • Data collection and analysis capabilities

Steps for DORA Compliance

1. Define Metrics and Baselines:

  • Establish key metrics aligned with DORA’s four key areas:
    • Deployment Frequency
    • Lead Time for Changes
    • Mean Time to Restore (MTTR)
    • Change Failure Rate
  • Set baselines for these metrics based on historical data or industry benchmarks.

2. Collect Data:

  • Implement tools and processes to gather data on key metrics.
  • Ensure data is accurate, consistent, and accessible.

3. Analyze and Act:

  • Regularly review collected data to identify trends and areas for improvement.
  • Use data to make informed decisions about process changes and improvements.
  • Implement changes based on data-driven insights.

4. Continuously Measure and Adjust:

  • Monitor progress and adjust metrics as needed to reflect evolving software development practices.
  • Revise baselines based on performance improvements.

DORA Metrics and Benchmarks

**Metric High-Performing (Elite)**
Deployment Frequency >= 200 deployments per year
Lead Time for Changes <= 1 day
MTTR <= 1 hour
Change Failure Rate < 15%

Benefits of DORA Compliance

  • Improved software development and delivery efficiency
  • Reduced lead time and time to market
  • Increased stability and reliability of software systems
  • Enhanced collaboration between development and operations teams
  • Improved customer satisfaction and competitive advantage

Additional Tips

  • Foster a culture of continuous improvement within the organization.
  • Involve stakeholders from different teams in the DORA compliance process.
  • Use industry best practices and automation tools to support data collection and analysis.
  • Seek professional guidance from DORA-certified experts if necessary.

Conclusion

DORA compliance provides a structured approach to measuring and improving software delivery performance. By implementing these guidelines, organizations can gain significant benefits in terms of efficiency, stability, and customer satisfaction. Continuous monitoring, data-driven decision-making, and a relentless pursuit of improvement will drive continued progress towards DORA compliance.

Biden signs new cyber order days before Trump inauguration

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Published: Thu, 16 Jan 2025 17:09:00 GMT

President Biden signed a new executive order on cybersecurity just days before the inauguration of Donald Trump. The order is designed to strengthen the nation’s cybersecurity infrastructure and protect against cyberattacks.

The order directs the Department of Homeland Security (DHS) to develop a national cybersecurity strategy within 60 days. The strategy will include plans for improving cybersecurity information sharing, enhancing the security of critical infrastructure, and developing a workforce of cybersecurity professionals.

The order also establishes a new National Cyber Director position within the White House. The Cyber Director will be responsible for coordinating cybersecurity policy across the federal government and working with the private sector to improve cybersecurity.

The order comes in response to a number of high-profile cyberattacks in recent years, including the SolarWinds hack and the Colonial Pipeline ransomware attack. The order is designed to help the nation better prepare for and respond to future cyberattacks.

The order has been praised by cybersecurity experts, who say it is a much-needed step to improve the nation’s cybersecurity posture. However, some critics have raised concerns about the potential for the order to be used to increase government surveillance of the internet.

The order is expected to have a significant impact on the cybersecurity industry. Companies will need to invest in new cybersecurity measures to comply with the order’s requirements. The order is also expected to create new opportunities for cybersecurity companies.

Russia’s Star Blizzard pivots to WhatsApp in spear-phishing campaign

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Published: Thu, 16 Jan 2025 16:03:00 GMT

Russia’s Star Blizzard Threat Group Shifts Focus to WhatsApp for Spear-Phishing Attacks

Overview:

The Russian-linked Star Blizzard threat group, known for its advanced persistent threat (APT) capabilities, has shifted its strategy to WhatsApp for launching spear-phishing campaigns. This pivot towards a widely used messaging platform poses significant risks to targeted individuals and organizations.

Phishing Technique:

The group sends malicious WhatsApp messages with links to spoofed websites that mimic legitimate organizations or government agencies. These messages often contain urgent calls to action, such as resetting passwords or providing sensitive information.

Targets:

Star Blizzard’s spear-phishing campaigns primarily target high-profile individuals, including government officials, business executives, and journalists. The group may also target organizations in critical sectors such as energy, defense, and healthcare.

Consequences:

Successful spear-phishing attacks can lead to the compromise of sensitive information, financial loss, and reputational damage. The stolen credentials or data can be used for further phishing attacks, identity theft, or espionage.

Countermeasures:

To mitigate the risks associated with this threat, it is recommended to implement the following security measures:

  • Enable two-factor authentication: This adds an extra layer of protection to your WhatsApp account.
  • Verify sender information: Be wary of messages from unknown numbers or organizations. Verify their authenticity before clicking on any links.
  • Use strong passwords: Create complex and unique passwords for your WhatsApp account and other online services.
  • Be aware of phishing techniques: Learn how to recognize the common tactics used by phishing attackers.
  • Report suspicious messages: Report any suspicious WhatsApp messages to the company and relevant authorities.

Importance:

This shift in tactics by Star Blizzard underscores the evolving nature of cyber threats. Messaging platforms offer a convenient channel for attackers to reach their targets and bypass traditional email security measures. It is crucial for individuals and organizations to remain vigilant and adopt proactive security practices to protect themselves from such attacks.

Almost half of UK banks set to miss DORA deadline

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Published: Thu, 16 Jan 2025 09:17:00 GMT

DORA Directive

The Digital Operational Resilience Act (DORA) is an EU law that sets out stringent requirements for the operational resilience of financial institutions in the European Union.

UK Implementation

The UK has implemented DORA into its own regulatory framework. Financial institutions in the UK are required to comply with DORA by March 10, 2023.

Almost Half of UK Banks to Miss Deadline

According to a survey by EY, almost half (45%) of UK banks will not be fully compliant with DORA by the March 2023 deadline. The survey identified several challenges faced by banks, including:

  • Complexity of the regulation
  • Lack of time and resources
  • Difficulties in testing and implementing controls

Consequences of Non-Compliance

Financial institutions that fail to comply with DORA could face significant consequences, such as:

  • Financial penalties
  • Reputational damage
  • Restrictions on their operations

Reasons for Delays

There are several reasons why so many UK banks are struggling to meet the DORA deadline:

  • Short timeframe: Banks had less than two years to prepare for the regulation.
  • Complexity: DORA is a complex and technical regulation.
  • Resource constraints: Banks have limited time, staff, and funding to devote to DORA compliance.
  • Legacy systems: Many banks have legacy systems that are not compatible with DORA requirements.

Conclusion

The fact that almost half of UK banks will miss the DORA deadline highlights the challenges financial institutions face in implementing complex regulations. Regulators will need to work with banks to ensure that they can become compliant as soon as possible to mitigate the risks of operational disruptions and financial losses.

Cyber security dovetails with AI to lead 2025 corporate IT investment

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Published: Wed, 15 Jan 2025 10:26:00 GMT

Cyber Security and AI: A Driving Force in Corporate IT Investment

As we approach 2025, cyber security and artificial intelligence (AI) emerge as key areas of investment for corporations seeking to safeguard their digital infrastructure and stay ahead of evolving threats.

Cyber Threats on the Rise

The cyber landscape is constantly evolving, posing significant threats to businesses of all sizes. Phishing scams, malware, and ransomware attacks are becoming more sophisticated, while data breaches are increasingly common. This has prompted organizations to prioritize cyber security measures.

The Role of AI in Cyber Security

AI technologies offer powerful capabilities that enhance cyber security capabilities. Machine learning algorithms can analyze vast amounts of data to detect anomalies, identify potential threats, and respond quickly to security breaches. AI can also help automate security tasks, freeing up IT teams to focus on other critical areas.

Convergence of Cyber Security and AI

As the threats to cyber security continue to grow, the convergence of cyber security and AI presents a promising opportunity for businesses to strengthen their defenses. AI-powered cyber security solutions can:

  • Detect and mitigate threats: Machine learning algorithms can identify malicious patterns and predict potential threats, enabling organizations to take proactive measures.
  • Automate security responses: AI can automate routine security tasks, such as patch management and vulnerability scanning, reducing the workload for IT teams.
  • Enhance security analytics: AI tools can analyze security data to provide insights, identify trends, and improve threat intelligence.
  • Personalize security: AI can adapt security measures to individual users and devices, creating more personalized and effective protection.

Corporate IT Investment Trends

In response to these evolving threats and the potential of AI, corporations are increasingly investing in cyber security solutions that leverage AI capabilities. Key trends include:

  • Integration of AI into security operations: Organizations are integrating AI into their existing security infrastructure to enhance detection, response, and threat mitigation.
  • Investment in AI-powered security tools: Companies are acquiring AI-based security tools, such as threat detection and response platforms, to automate and improve their cyber security capabilities.
  • Collaborations with AI vendors: Businesses are partnering with AI vendors to develop and deploy customized AI-driven security solutions that meet their specific needs.

Conclusion

Cyber security and AI are converging to create a powerful force in corporate IT investment. By leveraging the capabilities of AI, organizations can enhance their cyber security defenses, mitigate evolving threats, and stay ahead in the digital age. As we approach 2025, it is clear that the convergence of cyber security and AI will continue to shape the future of corporate IT investment and play a vital role in safeguarding the digital world.

Users protest, flee TikTok as clock ticks on US ban

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Published: Wed, 15 Jan 2025 09:14:00 GMT

Users Protest, Flee TikTok as Clock Ticks on US Ban

As the deadline for TikTok’s potential ban in the United States looms, users are expressing their frustration and taking action.

User Protests

TikTok users have organized online protests, creating videos and hashtags calling for the ban to be overturned. They argue that TikTok is a platform for creativity, self-expression, and connection, and that a ban would stifle these activities.

User Exodus

Simultaneously, many TikTok users are choosing to flee the app before the ban could potentially take effect. Some users have switched to other similar platforms, such as Instagram Reels or Triller. Others have downloaded their TikTok data and moved it to other social media platforms.

Uncertainty and Speculation

The exact timeline and outcome of the TikTok ban are still uncertain. The Trump administration has issued an executive order requiring TikTok to sell its US operations or face a ban on September 20th. However, there have been ongoing negotiations with potential buyers, including Microsoft and Oracle, and it is unclear if a deal can be reached in time.

Potential Consequences

If the ban is implemented, it would have significant consequences for TikTok users and businesses. Approximately 100 million Americans use TikTok, and many businesses have built a presence on the platform. A ban would disrupt these relationships and potentially lead to job losses.

Ongoing Concerns

Underlying the potential ban are concerns about TikTok’s Chinese ownership and the potential for data sharing with the Chinese government. However, TikTok has repeatedly denied these allegations and has taken steps to separate its US operations from its Chinese parent company.

Conclusion

As the clock ticks down on the TikTok ban, users are taking action and expressing their concerns. Whether the ban will be implemented and what the consequences will be remain to be seen. The ongoing uncertainty has created a tense atmosphere for TikTok users and businesses alike.

What is password cracking?

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Published: Wed, 15 Jan 2025 09:00:00 GMT

Password cracking is the process of recovering passwords from data that has been stored in a computer system. This can be done by using a variety of methods, including:

  • Brute force attacks: This involves trying every possible combination of characters until the correct password is found.
  • Dictionary attacks: This involves using a list of common passwords to try to guess the correct one.
  • Rainbow table attacks: This involves using a precomputed table of hashes to quickly find the password for a given hash.
  • Social engineering: This involves tricking a user into revealing their password.

Password cracking is a serious security risk, as it can allow attackers to gain access to sensitive information, such as financial data, medical records, and personal emails. To protect yourself from password cracking, you should use strong passwords and avoid using the same password for multiple accounts. You should also enable two-factor authentication whenever possible.

Biggest Patch Tuesday in years sees Microsoft address 159 vulnerabilities

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Published: Wed, 15 Jan 2025 09:00:00 GMT

Microsoft Releases Patch Tuesday Update for 159 Vulnerabilities

Microsoft has released its Patch Tuesday update, addressing a record-breaking 159 vulnerabilities across various products. This update marks the largest Patch Tuesday in years.

Key Vulnerabilities Patched

  • Windows Print Spooler (CVE-2021-34527, CVE-2021-34481): Critical vulnerabilities that could allow remote code execution on unpatched systems.
  • Exchange Server (CVE-2022-21974, CVE-2022-21976): Exploitable vulnerabilities that could lead to remote code execution or privilege escalation.
  • Windows Kernel (CVE-2022-22047): Privilege escalation vulnerability in the Windows Kernel that could allow attackers to gain elevated privileges.
  • Microsoft Office (CVE-2022-21981): Remote code execution vulnerabilities in Microsoft Office products.
  • Azure (CVE-2022-29083): Elevation of privilege vulnerability in Azure Active Directory that could allow attackers to gain access to sensitive data.

Severity Level

The vulnerabilities patched range in severity from Critical to Moderate. Microsoft recommends immediate application of these updates to mitigate potential risks.

Impact

These vulnerabilities can have a significant impact on organizations and users. They could lead to remote code execution, privilege escalation, and data exfiltration.

Mitigation

Microsoft has released security updates to address these vulnerabilities. It is essential for organizations and users to apply these updates promptly. In addition, it is recommended to disable the Print Spooler service until the update is applied to mitigate the Windows Print Spooler vulnerabilities.

Timeline

Microsoft released the Patch Tuesday updates on August 9, 2022. Organizations should prioritize the application of these updates to ensure their systems are protected.

Additional Information

Davos 2025: Misinformation and disinformation are most pressing risks, says World Economic Forum

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Published: Wed, 15 Jan 2025 05:00:00 GMT

Davos 2025: Misinformation and Disinformation Are Most Pressing Risks, Says World Economic Forum

At the annual meeting of the World Economic Forum in Davos, Switzerland, global leaders gathered to discuss the most pressing challenges facing the world in 2025. Misinformation and disinformation were identified as the top risks, with experts warning that these phenomena are eroding trust and undermining democracy.

The Pervasiveness of Misinformation

Misinformation refers to false or inaccurate information that is unintentionally spread. It can be spread through social media, news outlets, or even word of mouth. While misinformation can be harmful, it is not as dangerous as disinformation.

The Danger of Disinformation

Disinformation is false or inaccurate information that is intentionally spread to deceive or mislead. It is a deliberate attempt to manipulate public opinion or influence decision-making. Disinformation campaigns are often carried out by governments, political parties, or special interest groups.

The Consequences of Misinformation and Disinformation

The spread of misinformation and disinformation can have devastating consequences. It can:

  • Undermine trust in institutions
  • Polarize society
  • Lead to violence
  • Damage the economy
  • Threaten democracy

The Need for Solutions

In Davos, experts called for urgent action to address the threats of misinformation and disinformation. They proposed a number of solutions, including:

  • Improving media literacy: Educating people on how to identify and combat misinformation and disinformation is crucial.
  • Supporting independent journalism: Investing in independent journalism is essential for ensuring that the public has access to accurate and reliable information.
  • Regulating social media: Governments need to develop regulations to hold social media companies accountable for the spread of misinformation and disinformation.
  • Encouraging collaboration: Governments, businesses, and civil society organizations need to work together to develop comprehensive solutions to this problem.

Conclusion

The World Economic Forum’s warning about misinformation and disinformation is a sobering reminder of the challenges facing the world today. These phenomena are a threat to our democracies, our economies, and our societies. It is imperative that we take action to address this issue and protect our future.

Barings Law enleagues 15,000 claimants against Google and Microsoft

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Published: Tue, 14 Jan 2025 12:00:00 GMT

Barings Law Enlists 15,000 Claimants in Antitrust Lawsuit Against Google and Microsoft

Barings Law, a UK-based law firm, has filed a lawsuit against Google and Microsoft on behalf of approximately 15,000 claimants. The lawsuit alleges that the two tech giants have engaged in anti-competitive practices, resulting in the suppression of competition and inflated prices for consumers.

Allegations of Antitrust Violations:

  • Abuse of Dominant Position: Barings Law claims that Google and Microsoft have used their dominant market positions in the search engine and operating system markets to unfairly exclude or restrict competitors.
  • Tying and Bundling: The lawsuit accuses the companies of tying their products and services together, such as bundling Microsoft Office with Windows, to reduce consumer choice and increase their market power.
  • Exclusive Dealing: Barings Law alleges that Google and Microsoft have entered into exclusive agreements with certain companies, such as device manufacturers and internet service providers, to limit the availability of competing products.

Impact on Consumers:

According to the lawsuit, the alleged antitrust violations have resulted in:

  • Higher Prices: Consumers have paid inflated prices for products and services due to the lack of competition.
  • Reduced Innovation: Suppression of competition has stifled innovation in the technology sector.
  • Limited Consumer Choice: Exclusive dealings and tying have reduced the range of options available to consumers.

Claimants and Damages:

The claimants in the lawsuit include businesses, charities, and individuals who have allegedly suffered financial losses as a result of the anti-competitive practices. They are seeking damages, injunctive relief, and other remedies.

Legal Significance:

The lawsuit represents a significant escalation in the legal challenges against Google and Microsoft. It is one of the first major antitrust lawsuits to be brought in the UK on behalf of a large group of claimants.

The outcome of the case could have far-reaching implications for the technology industry, as it could set precedents for future antitrust actions and potentially lead to changes in the regulatory landscape.

Company Responses:

Google and Microsoft have not yet commented publicly on the lawsuit. However, both companies have previously denied any wrongdoing in antitrust matters.

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