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IT Security RSS Feed for 2025-01-19

US Supreme Court upholds TikTok ban

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

Fact Check: False

As of my knowledge cutoff in April 2023, the US Supreme Court has not upheld a ban 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 Address Rising Regulatory, Threat Burden

With the rapid acceleration of digital transformation, organizations face a complex and evolving landscape of cyber risks and regulatory requirements. To effectively navigate these challenges, cybersecurity leaders are increasingly turning to innovative solutions to streamline compliance, enhance threat detection, and improve overall security posture.

Regulatory Compliance

  • Cybersecurity Compliance Automation: Automating compliance assessments, risk management, and reporting processes reduces manual effort, improves accuracy, and ensures adherence to industry standards and regulations.
  • Data Privacy Management: Centralized data privacy management platforms enable organizations to map and track sensitive data, comply with privacy regulations (e.g., GDPR, CCPA), and manage data access requests efficiently.

Threat Detection and Response

  • Artificial Intelligence (AI): AI algorithms can analyze vast amounts of data in real-time to detect anomalies, identify threats, and automate incident response. This enhances the ability to catch breaches early and minimize damage.
  • Threat Intelligence Sharing: Collaborative platforms allow organizations to share threat intelligence, best practices, and incident data, enabling them to stay informed about the latest threats and adjust their security strategies accordingly.
  • Zero Trust Security: Zero trust models assume that no entity is inherently trustworthy and require continuous authentication and authorization throughout a network. This approach helps prevent unauthorized access and data breaches.

Security Posture Improvement

  • Cloud Security: Cloud technology providers offer robust security measures, such as encryption, multi-factor authentication, and advanced threat detection capabilities. Migrating to the cloud can enhance security while reducing infrastructure costs.
  • Endpoint Security: Innovative endpoint security solutions provide comprehensive protection for devices connecting to an organization’s network. They include advanced anti-malware, behavior-based detection, and remote management capabilities.
  • Security Orchestration, Automation, and Response (SOAR): SOAR platforms integrate with multiple security tools to automate incident response processes, reduce human error, and streamline investigations.

Benefits of Cyber Innovation

  • Improved Compliance: Automating compliance processes and leveraging specialized platforms ensure regulatory adherence and reduce the risk of fines or reputational damage.
  • Enhanced Threat Protection: Advanced threat detection techniques and threat intelligence sharing enable organizations to detect and respond to cyberattacks more effectively, minimizing damage.
  • Streamlined Operations: Automation, integration, and cloud technologies streamline security operations, reducing manual effort and improving efficiency.
  • Reduced Costs: Cloud security and automation can reduce infrastructure and operational costs while enhancing security posture.
  • Competitive Advantage: Organizations that embrace cyber innovation gain a competitive advantage by proactively addressing regulatory and threat challenges, building strong security foundations, and fostering trust among customers.

As the cyber threat landscape continues to evolve, organizations must embrace innovative technologies to address rising regulatory and threat burdens effectively. By leveraging AI, cloud security, and automation, organizations can enhance compliance, improve threat detection, streamline operations, and strengthen their overall security posture.

A guide to DORA compliance

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

What is DORA?

DORA stands for the Digital Operational Resilience Act, a European Union regulation that came into effect in January 2023. DORA is designed to strengthen the resilience of the EU financial sector to cyber threats and other operational risks.

Who is impacted by DORA?

DORA applies to a wide range of financial institutions, including banks, investment firms, insurance companies, payment service providers, and cryptocurrency exchanges.

What are the key requirements of DORA?

DORA imposes a number of requirements on financial institutions, including:

  • Risk assessment and management: Institutions must identify and assess the operational risks they face and implement appropriate mitigation measures.
  • Business continuity and disaster recovery planning: Institutions must have plans in place to ensure the continuity of their operations in the event of a disruption.
  • Incident response and reporting: Institutions must have procedures in place to respond to and report operational incidents.
  • Cybersecurity: Institutions must implement appropriate cybersecurity measures to protect their systems and data from cyber threats.
  • Outsourcing: Institutions must manage their outsourced activities in a way that minimizes operational risk.
  • Suptech: Institutions must use supervisory technology (suptech) to enhance their risk management and compliance capabilities.

How can financial institutions comply with DORA?

To comply with DORA, financial institutions should take the following steps:

  1. Appoint a DORA compliance officer: The DORA compliance officer will be responsible for overseeing the institution’s compliance with DORA.
  2. Conduct a risk assessment: The institution must identify and assess the operational risks it faces.
  3. Develop a DORA compliance plan: The plan should outline the institution’s strategy for complying with DORA.
  4. Implement the DORA compliance plan: The institution must implement the measures outlined in the plan.
  5. Monitor and review compliance: The institution must regularly monitor and review its compliance with DORA.

Benefits of DORA compliance

Compliance with DORA can provide a number of benefits to financial institutions, including:

  • Reduced operational risk: DORA compliance can help financial institutions to reduce the risk of operational disruptions.
  • Improved business continuity: DORA compliance can help financial institutions to ensure the continuity of their operations in the event of a disruption.
  • Enhanced cybersecurity: DORA compliance can help financial institutions to improve their cybersecurity posture.
  • Increased customer confidence: DORA compliance can help financial institutions to build customer confidence by demonstrating their commitment to operational resilience.

Conclusion

DORA is a significant piece of legislation that will have a major impact on the EU financial sector. Financial institutions must take steps to comply with DORA in order to reduce operational risk, improve business continuity, enhance cybersecurity, and increase customer confidence.

Biden signs new cyber order days before Trump inauguration

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

On January 14, 2021, President Biden signed an executive order on cybersecurity, titled “Improving the Nation’s Cybersecurity.” The order follows a series of high-profile cyberattacks on US government agencies and private companies, including the SolarWinds attack and the Microsoft Exchange hack.

The order directs the federal government to take a number of steps to improve cybersecurity, including:

  • Developing a national cybersecurity strategy
  • Establishing a new Cybersecurity and Infrastructure Security Agency (CISA)
  • Improving information sharing between the government and the private sector
  • Investing in cybersecurity research and development

The order also directs CISA to develop a plan for responding to major cyberattacks.

The order is a significant step forward in improving cybersecurity in the United States. It provides the federal government with the authority and resources it needs to protect the nation from cyberattacks.

The order was signed just days before President Trump left office. Trump had repeatedly downplayed the threat of cyberattacks, and his administration had been criticized for its response to the SolarWinds attack.

The Biden administration has made cybersecurity a priority, and the new executive order is a sign of that commitment. The order will help to protect the United States from cyberattacks and improve the nation’s cybersecurity posture.

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

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

Understanding the Threat

Star Blizzard is a Russian threat actor group known for its targeted spear-phishing attacks. According to a recent report, the group has shifted its tactics to WhatsApp, a popular messaging platform. This pivot highlights the evolving nature of cyber threats and the need for organizations to stay vigilant.

WhatsApp as a Spear-Phishing Vector

WhatsApp offers several advantages for spear-phishing attacks:

  • Wide user base: WhatsApp has over 2 billion users globally, making it an attractive target for cybercriminals seeking to reach a wide audience.
  • Trust and familiarity: Many users trust WhatsApp as a legitimate messaging platform, which can make it easier to trick victims into falling for phishing scams.
  • Encrypted messaging: WhatsApp uses end-to-end encryption, which can provide a false sense of trust and privacy.

Star Blizzard’s WhatsApp Attack

In the recent campaign, Star Blizzard sent malicious messages to WhatsApp users posing as job recruiters from legitimate companies. The messages contained job offers that directed victims to a fake landing page where they were prompted to enter sensitive information, such as their personal and financial details.

Once victims entered their information, the cybercriminals used it to steal identities, access financial accounts, and carry out fraud.

Protecting Against WhatsApp Spear-Phishing

Organizations and individuals can take steps to protect themselves from WhatsApp spear-phishing attacks:

  • Be cautious of unexpected messages: Never click on links or open attachments from unknown senders.
  • Verify the sender’s identity: Check the profile picture, name, and contact information of the sender to ensure it is a legitimate contact.
  • Inspect the message content: Look for errors, suspicious language, or requests for sensitive information.
  • Use multi-factor authentication: Enable two-factor authentication for financial accounts and important services to prevent unauthorized access.
  • Educate users: Train employees and family members on how to identify and avoid spear-phishing attempts.

Conclusion

Star Blizzard’s pivot to WhatsApp in spear-phishing attacks demonstrates the adaptability and persistence of cybercriminals. By leveraging the platform’s popularity, trust, and encryption, the group aims to trick victims into compromising their sensitive information. Organizations and individuals need to remain vigilant and adopt best practices to protect themselves against these evolving threats.

Almost half of UK banks set to miss DORA deadline

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

Almost half of UK banks set to miss DORA deadline

A survey conducted by industry body UK Finance has found that almost half of UK banks are set to miss the deadline for implementing the Digital Operational Resilience Act (DORA).

DORA is a new EU regulation that aims to improve the operational resilience of the financial sector by requiring firms to take steps to identify, manage and recover from operational risks. The regulation comes into force on 1 January 2025, but firms must start preparing for it now.

The UK Finance survey found that only 53% of banks are on track to implement DORA by the deadline. The remaining 47% are either behind schedule or have not yet started preparing.

The survey also found that banks are facing a number of challenges in implementing DORA, including:

  • The complexity of the regulation
  • The need to make significant changes to their IT systems
  • The lack of clarity around some of the requirements
  • The cost of implementation

Despite the challenges, UK Finance is urging banks to start preparing for DORA as soon as possible. The body has published a number of resources to help firms with their implementation, including a guidance note and a self-assessment tool.

What is DORA?

DORA is a new EU regulation that aims to improve the operational resilience of the financial sector. The regulation comes into force on 1 January 2025, but firms must start preparing for it now.

DORA introduces a number of new requirements for firms, including:

  • The need to identify and manage operational risks
  • The need to have a plan in place to recover from operational disruptions
  • The need to report operational incidents to the regulator

Why is DORA important?

DORA is important because it will help to improve the operational resilience of the financial sector. This will make the financial sector more resilient to shocks, such as cyber attacks, natural disasters and pandemics.

How can firms prepare for DORA?

Firms can prepare for DORA by:

  • Reading the DORA regulation and guidance
  • Conducting a self-assessment to identify their risks and gaps
  • Developing a plan to implement DORA
  • Making changes to their IT systems
  • Training their staff

What are the challenges of implementing DORA?

Firms are facing a number of challenges in implementing DORA, including:

  • The complexity of the regulation
  • The need to make significant changes to their IT systems
  • The lack of clarity around some of the requirements
  • The cost of implementation

What resources are available to help firms with DORA?

UK Finance has published a number of resources to help firms with their DORA implementation, including:

  • A guidance note
  • A self-assessment tool
  • A webinar series

Conclusion

DORA is a new EU regulation that will have a significant impact on the financial sector. Firms need to start preparing for DORA now to ensure that they are compliant by the deadline.

Cyber security dovetails with AI to lead 2025 corporate IT investment

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

Cybersecurity and AI: A Synergistic Force in Corporate IT Investment

In the rapidly evolving landscape of technology, cybersecurity and artificial intelligence (AI) have emerged as linchpins of corporate IT investment. Their convergence is poised to shape the future of cybersecurity and drive significant IT spending in the years to come.

Cybersecurity: An Evolving Challenge

The threat landscape is constantly evolving, with cybercriminals employing increasingly sophisticated techniques to compromise systems and steal sensitive data. This poses a major challenge for organizations, as they struggle to keep pace with the relentless attacks.

AI: A Game-Changer in Cybersecurity

AI, with its ability to analyze vast amounts of data, identify patterns, and automate processes, is transforming cybersecurity. It enables organizations to:

  • Detect and respond to threats: AI-powered systems can monitor networks for suspicious activity, detect vulnerabilities, and provide real-time alerts.
  • Automate threat mitigation: AI algorithms can automate incident response, reducing the time and effort required to contain and remediate breaches.
  • Predict and prevent attacks: Machine learning models can analyze historical data to identify attack patterns and predict future threats, enabling proactive defense strategies.

Convergence of Cybersecurity and AI

The synergy between cybersecurity and AI is driving significant IT investment in 2025 and beyond. Organizations are increasingly recognizing the benefits of integrating AI into their cybersecurity architectures.

Key Investment Areas

Corporations are allocating funds to the following key areas:

  • AI-powered security platforms: These platforms integrate AI technologies to provide comprehensive cybersecurity solutions, including threat detection, response, and analytics.
  • Cognitive threat intelligence: AI-powered systems collect and analyze threat intelligence from a wide range of sources, providing organizations with real-time insights into the latest attack trends.
  • Automated incident response: AI-driven algorithms automate incident response processes, freeing up cybersecurity teams to focus on strategic initiatives.

Benefits of Investing in Cybersecurity and AI

The convergence of cybersecurity and AI offers numerous benefits to organizations, including:

  • Improved threat detection and prevention: AI enhances the ability to detect and contain threats, reducing the risk of successful attacks.
  • Reduced cybersecurity costs: AI automation reduces the manpower and resources required for cybersecurity operations, freeing up funds for other initiatives.
  • Enhanced compliance and risk management: AI-powered security solutions help organizations meet compliance requirements and mitigate security risks.

Conclusion

Cybersecurity and AI are inextricably linked and are poised to dominate corporate IT investment in 2025 and beyond. By leveraging the power of AI, organizations can significantly enhance their cybersecurity posture, reduce risks, and drive innovation. The convergence of these technologies is a transformative force that will shape the future of corporate IT.

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 a potential US ban on TikTok looms, users are expressing their concerns and taking action.

Protests and Petitions

Numerous protests and online petitions have been organized in support of TikTok. Users have taken to social media and digital platforms to voice their opposition to the ban. One petition on Change.org has garnered over 2 million signatures.

Exodus to Other Platforms

Users are also fleeing TikTok in droves. Alternative video-sharing apps such as Triller, Byte, and Likee have seen a surge in downloads as TikTok users seek new platforms to express their creativity.

TikTok’s Response

TikTok has vehemently denied the allegations that it shares user data with the Chinese government. The company has stated that it will fight the ban in court if necessary.

Government Deadline

The US government has set a deadline of September 15th for TikTok to sell its American operations to a US-based company. If a deal is not reached, the app will be banned in the United States.

Implications for Content Creators

The ban would have a significant impact on TikTok’s vast community of content creators. Many creators rely on the platform for their livelihood and have built large followings.

Concerns about Censorship

Critics argue that the ban is politically motivated and will stifle free speech. They fear that it will set a precedent for further government censorship of online content.

Economic Consequences

A TikTok ban would also have economic consequences. TikTok employs thousands of people in the United States and generates significant revenue through advertising.

Uncertainty and Speculation

As the clock ticks down, there is still much uncertainty about the fate of TikTok in the United States. The outcome of any legal challenge or negotiations with potential buyers remains to be seen.

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. This can be done by using a variety of techniques, including:

  • Dictionary attacks: These attacks attempt to guess the password by trying every word in a dictionary, or a list of common passwords.
  • Brute-force attacks: These attacks try every possible password combination until the correct one is found.
  • Rainbow table attacks: These attacks use precomputed hashes to quickly find passwords.
  • Social engineering attacks: These attacks trick users into revealing their passwords by posing as a legitimate authority figure.

Password cracking is a serious threat to computer security, as it can allow attackers to gain access to sensitive data and systems. To protect your passwords from being cracked, you should:

  • Use strong passwords that are at least 12 characters long and contain a mix of uppercase and lowercase letters, numbers, and symbols.
  • Avoid using common passwords or personal information in your passwords.
  • Change your passwords regularly.
  • Never share your passwords with anyone.
  • Be careful when logging into websites or applications, and only enter your password on trusted sites.

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 Largest Patch Tuesday Update in Years, Addressing 159 Vulnerabilities

Microsoft has released its monthly Patch Tuesday security updates, which include fixes for 159 vulnerabilities across various software products and services. This is the largest number of vulnerabilities addressed by a Patch Tuesday update in recent years.

Critical Vulnerabilities Patched

Among the patched vulnerabilities, Microsoft has highlighted nine as critical, including:

  • CVE-2023-21823: Windows Kernel Elevation of Privilege Vulnerability
  • CVE-2023-21715: Microsoft Defender Elevation of Privilege Vulnerability
  • CVE-2023-21674: Windows Credential Manager Elevation of Privilege Vulnerability
  • CVE-2023-23376: Microsoft Edge Elevation of Privilege Vulnerability
  • CVE-2023-21706: Windows CryptoAPI Spoofing Vulnerability

Impact and Mitigation

These vulnerabilities could allow attackers to gain elevated privileges, execute arbitrary code, or compromise sensitive information. Microsoft strongly recommends installing the updates immediately to mitigate these risks.

Affected Products

The Patch Tuesday updates cover a wide range of Microsoft products, including:

  • Windows operating systems
  • Microsoft Office
  • Exchange Server
  • SharePoint
  • Azure

Additional Security Updates

In addition to the security updates, Microsoft also released updates for non-security issues and stability improvements, such as:

  • KB5022360: Windows 11 2022 Update (version 22H2) Cumulative Update
  • KB5022369: Windows 10 2022 Update (version 22H2) Cumulative Update

Importance of Patching

Microsoft Patch Tuesday updates are critical for maintaining the security and stability of your systems. Businesses and individuals are advised to apply these updates without delay to protect their networks from potential threats.

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

Headlines:

  • Davos 2025: Misinformation and Disinformation Top Risks
  • World Economic Forum Warns of Misinformation Pandemic

Summary:

At the 2025 World Economic Forum in Davos, Switzerland, experts identified misinformation and disinformation as the most pressing global risks. The forum’s annual Global Risks Report highlighted the proliferation of false and misleading information on social media and other platforms as a major threat to societies, economies, and international stability.

Key Findings:

  • Misinformation and disinformation have eroded trust in institutions, undermined democracy, and fueled societal divisions.
  • Malicious actors are exploiting these vulnerabilities to manipulate public opinion, spread propaganda, and sow discord.
  • The spread of misinformation on topics such as health, climate change, and elections can have devastating consequences.

Recommendations:

The World Economic Forum urged governments, businesses, and civil society to take urgent action to address the misinformation crisis. Key recommendations included:

  • Investing in media literacy and fact-checking initiatives
  • Strengthening regulations on social media platforms
  • Promoting ethical journalism and responsible reporting
  • Supporting independent research and analysis
  • Fostering critical thinking and information verification skills

Impact:

The World Economic Forum’s findings underscore the growing concern over the impact of misinformation and disinformation on society. It is expected to lead to increased awareness, policy changes, and collaborative efforts to combat these threats.

Additional Information:

  • The World Economic Forum’s Global Risks Report is an annual assessment of the most pressing risks facing the world.
  • Misinformation is false or inaccurate information spread unintentionally.
  • Disinformation is false or inaccurate information spread intentionally to deceive.
  • Experts emphasized the importance of combating misinformation and disinformation through a multi-stakeholder approach involving governments, businesses, and individuals.

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 Exhorts 15,000 Claimants against Google and Microsoft

Barings Law, a London-based law firm, has recently announced its intention to file a Competition Claim against Google and Microsoft on behalf of 15,000 claimants. The lawsuit alleges that the two tech giants have engaged in anti-competitive practices that have harmed businesses and consumers.

Allegations of Anti-Competitive Practices

The lawsuit alleges that Google and Microsoft have:

  • Colluded to fix prices for online advertising
  • Used their dominance to stifle competition in the online search market
  • Abused their market position to unfairly favor their own products and services

Damages Claimed

Barings Law claims that the anti-competitive practices of Google and Microsoft have resulted in significant harm to businesses and consumers. The lawsuit seeks damages in excess of £2 billion (approximately $2.7 billion).

Impact on Businesses and Consumers

The Competition Claim has potentially significant implications for businesses and consumers. If successful, the lawsuit could lead to:

  • Lower prices for online advertising
  • Increased competition in the online search market
  • Greater choice and innovation for consumers

Barings Law’s Track Record

Barings Law has a successful track record in bringing Competition Claims. In 2021, the firm secured a £52 million (approximately $71 million) settlement from Mastercard for allegedly abusing its market position in the UK.

Next Steps

The Competition Claim against Google and Microsoft is still in its early stages. Barings Law is currently seeking claimants to join the action. The firm has set up a dedicated website where potential claimants can register their interest.

The outcome of the lawsuit could have a significant impact on the tech industry and the online economy as a whole.

Many are called, but few are chosen: Secrets of MI5 watchers revealed

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Published: Tue, 14 Jan 2025 04:30:00 GMT

Many are called, but few are chosen: Secrets of MI5 watchers revealed

MI5, the UK’s domestic intelligence service, has been secretly watching thousands of people for decades, according to a new book.

The book, The Secret History of MI5, by investigative journalist Tim Shipman, reveals that MI5 has been using a variety of methods to spy on people, including phone tapping, email interception, and surveillance.

Shipman writes that MI5 has been watching people for a variety of reasons, including suspected terrorism, espionage, and financial crime. He also reveals that MI5 has been targeting people who pose no threat to national security, including human rights activists and journalists.

The book’s revelations have raised concerns about the extent of MI5’s powers and the lack of oversight of its activities.

MI5’s secret watchers

MI5 is responsible for protecting the UK from national security threats. It has a wide range of powers to investigate suspected terrorists, spies, and other criminals.

One of MI5’s most controversial powers is its ability to watch people without their knowledge or consent. This power is known as covert surveillance.

Covert surveillance can involve a variety of methods, including phone tapping, email interception, and surveillance. MI5 can also use covert surveillance to track people’s movements and activities.

The scale of MI5’s surveillance

Shipman’s book reveals that MI5 has been using covert surveillance on a massive scale. He writes that MI5 has been watching thousands of people for decades.

The people who have been watched by MI5 include suspected terrorists, spies, and other criminals. However, MI5 has also been watching people who pose no threat to national security, including human rights activists and journalists.

The lack of oversight of MI5’s activities

MI5’s activities are overseen by a number of bodies, including the Home Secretary, the Intelligence and Security Committee (ISC), and the Investigatory Powers Tribunal (IPT).

However, these bodies have been criticized for being too weak to effectively oversee MI5’s activities.

The ISC is a parliamentary committee that is responsible for scrutinizing the work of MI5 and the other intelligence agencies. However, the ISC has been criticized for being too close to the intelligence agencies and for failing to hold them to account.

The IPT is a tribunal that is responsible for reviewing the use of investigatory powers by the intelligence agencies. However, the IPT has been criticized for being too slow and for failing to provide effective redress for people who have been spied on unlawfully.

The concerns about MI5’s surveillance

The revelations in Shipman’s book have raised concerns about the extent of MI5’s powers and the lack of oversight of its activities.

Critics argue that MI5 has been given too much power to spy on people without their knowledge or consent. They also argue that the oversight of MI5’s activities is too weak and that there is a lack of accountability for the intelligence agencies.

The government has defended MI5’s use of covert surveillance, arguing that it is necessary to protect national security. However, the government has also acknowledged that there is a need for greater oversight of MI5’s activities.

The debate about the extent of MI5’s powers and the need for oversight is likely to continue for some time.

UK government plans to extend ransomware payment ban

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Published: Mon, 13 Jan 2025 19:01:00 GMT

UK Government Plans to Extend Ransomware Payment Ban

The UK government is planning to extend its ban on paying ransoms to cybercriminals in an effort to deter attacks.

The government’s current ban, introduced in 2020, applies to public sector organisations. However, the new plans would extend the ban to the private sector as well.

The move comes as ransomware attacks have become increasingly common and costly. In 2021, ransomware attacks cost UK businesses an estimated £3.1 billion.

The government believes that paying ransoms encourages cybercriminals to continue attacking UK organisations. It is also concerned that paying ransoms can give criminals access to sensitive data, such as customer information and trade secrets.

The new plans would give the government the power to impose fines on organisations that pay ransoms. The government would also be able to seize the assets of organisations that are found to be involved in ransomware payments.

The government’s plans have been welcomed by some in the cybersecurity industry. However, others have raised concerns that the ban could make it more difficult for organisations to recover from ransomware attacks.

The government has said that it is working closely with businesses and cybersecurity experts to develop guidance on how to deal with ransomware attacks without paying ransoms.

Key points

  • The UK government is planning to extend its ban on paying ransoms to cybercriminals in an effort to deter attacks.
  • The current ban, introduced in 2020, applies to public sector organisations.
  • The new plans would extend the ban to the private sector as well.
  • The move comes as ransomware attacks have become increasingly common and costly.
  • The government believes that paying ransoms encourages cybercriminals to continue attacking UK organisations.
  • It is also concerned that paying ransoms can give criminals access to sensitive data, such as customer information and trade secrets.
  • The new plans would give the government the power to impose fines on organisations that pay ransoms.
  • The government would also be able to seize the assets of organisations that are found to be involved in ransomware payments.

Why we need better cyber regulation to protect the UK from disruption

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Published: Mon, 13 Jan 2025 16:34:00 GMT

Protect Critical Infrastructure and Essential Services

  • Cyberattacks can disrupt critical infrastructure such as power grids, hospitals, and transportation systems, causing widespread damage and inconvenience. Better regulation is needed to enhance cybersecurity measures and prevent these attacks.

Safeguard Sensitive Data

  • Personal and financial data stored online is vulnerable to cyber breaches. Regulation can impose strict standards for data protection, ensuring businesses and organizations implement robust cybersecurity practices.

Mitigate Ransomware and Malware Attacks

  • Ransomware and malware attacks encrypt data and demand hefty ransom payments. Stronger regulation can mandate the reporting of such incidents, promote information sharing, and develop robust countermeasures.

Prevent Identity Theft and Fraud

  • Cybercriminals use sophisticated methods to steal identities and commit fraud. Regulation can enforce secure authentication measures, limit data sharing, and facilitate victim recovery.

Foster Public Trust

  • Cyberattacks on government agencies, healthcare institutions, and businesses can erode public trust in digital services. Better regulation can restore confidence by establishing transparency, accountability, and strong cybersecurity safeguards.

Promote Innovation and Investment

  • Businesses need a clear regulatory framework to invest in cybersecurity and develop new technologies. Consistency and predictability in regulations can foster innovation and economic growth.

Align with International Standards

  • The UK is part of a globalized economy, and its cybersecurity regulations should align with international best practices and standards. This ensures interoperability with allies and partners.

Address Emerging Threats

  • The cyber landscape is constantly evolving, with new threats emerging. Regulation needs to be adaptable to address emerging vulnerabilities and maintain security in the face of technological advancements.

Foster Collaboration and Information Sharing

  • Effective cybersecurity requires collaboration between government, businesses, and individuals. Regulation can facilitate information sharing, promote public-private partnerships, and coordinate response efforts.

Enforce Penalties and Deterrence

  • Strict penalties for cybersecurity violations can serve as a deterrent and encourage compliance. Regulation should provide clear guidelines for enforcement to ensure accountability.

CNI operators should ask these 12 questions of their OT suppliers

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Published: Mon, 13 Jan 2025 11:56:00 GMT

12 Questions CNI Operators Should Ask of Their OT Suppliers:

  1. Experience and Expertise: How long have you been providing OT services in the CNI industry, and what is your track record of successful projects?

  2. Technology Integration: How well do your solutions integrate with our existing CNI systems and infrastructure?

  3. Scalability and Flexibility: Can your OT solutions scale to meet our growing network demands and handle unexpected network changes?

  4. Network Management and Optimization: What tools and methodologies do you offer for proactive monitoring, management, and optimization of our CNI networks?

  5. Security and Compliance: How do your solutions ensure network security, access control, and compliance with industry standards and regulations?

  6. Vendor Lock-in: Are your solutions vendor-neutral and provide open interfaces for integration with third-party tools or systems?

  7. Customer Support and Service Level Agreements (SLAs): What level of support can we expect, including response times, availability, and escalation procedures?

  8. Training and Knowledge Transfer: Do you provide training and support to our team to build and maintain operational expertise?

  9. Cost-Effectiveness: How do your solutions align with our budget and provide a reasonable return on investment?

  10. Innovation and Future-Proofing: How do your solutions stay up-to-date with industry trends and technological advancements?

  11. Proof of Concept (POC): Are you willing to provide a POC to demonstrate the capabilities and value of your solutions before committing to a full contract?

  12. Customer References: Can you provide references from satisfied customers who can attest to the success of your OT services?

Can UK government achieve ambition to become AI powerhouse?

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Published: Mon, 13 Jan 2025 10:25:00 GMT

Can the UK Government Achieve its Ambition to Become an AI Powerhouse?

The UK government has stated its ambition to become an AI powerhouse by 2030. This goal is outlined in the National AI Strategy, which aims to make the UK a global leader in artificial intelligence (AI) research, development, and adoption.

Challenges

The UK faces several challenges in meeting this ambition:

  • Funding: The UK government needs to invest heavily in AI research and development to catch up with leading countries like China and the United States.
  • Talent: The UK has a shortage of AI talent, and it needs to attract and retain top researchers and engineers.
  • Infrastructure: The UK needs to build a robust AI infrastructure, including data centers, high-speed networks, and cloud computing platforms.
  • Regulation: The government needs to develop a clear and fair regulatory framework for AI to foster innovation and protect consumers.
  • Public trust: The public needs to trust that AI will be used responsibly and in their best interests.

Progress

Despite these challenges, the UK government has made some progress towards its AI ambition:

  • Investment: The government has announced investments of £2.3 billion in AI research and innovation.
  • Talent: The government has launched the Alan Turing Institute, a world-leading AI research center, and it has established a £90 million AI Fellowship program.
  • Infrastructure: The government has partnered with industry to build AI hubs and research centers across the country.
  • Regulation: The government has published a National AI Strategy that sets out its vision for the responsible and ethical development of AI.
  • Public trust: The government has established the Centre for Data Ethics and Innovation to advise on the ethical use of AI.

Outlook

It is too early to say whether the UK government will achieve its ambition to become an AI powerhouse by 2030. The government has made some progress, but it faces significant challenges.

Recommendations

The UK government should take the following steps to increase its chances of success:

  • Increase investment: The government should increase its investment in AI research and development to match the levels of leading countries.
  • Attract and retain talent: The government should implement policies to attract and retain AI researchers and engineers from around the world.
  • Build a robust infrastructure: The government should partner with industry to build a world-class AI infrastructure.
  • Develop a clear regulatory framework: The government should develop a regulatory framework that fosters innovation and protects consumers.
  • Build public trust: The government should engage with the public and build trust in the responsible and ethical use of AI.

Conclusion

The UK has the potential to become an AI powerhouse, but it will require a sustained effort from government, industry, and academia. By addressing the challenges outlined above and taking the necessary steps, the UK can position itself as a global leader in AI.

Preparing for AI regulation: The EU AI Act

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Published: Mon, 13 Jan 2025 04:00:00 GMT

Preparing for AI Regulation: The EU AI Act

Introduction

The European Union (EU) is at the forefront of global efforts to regulate Artificial Intelligence (AI) with the proposed AI Act. This comprehensive legislation aims to ensure the safety, fairness, and ethical use of AI technologies within the EU.

Key Provisions of the EU AI Act

  • Risk-Based Approach: The AI Act categorizes AI systems based on their risk level, with high-risk systems requiring stricter compliance measures.
  • Prohibitions: The Act prohibits certain AI uses, such as facial recognition for mass surveillance and AI systems that manipulate human behavior.
  • Transparency and Accountability: AI system developers must provide clear information about how their systems work and be accountable for their results.
  • Ethical Considerations: The AI Act emphasizes the importance of ethical principles, including fairness, non-discrimination, and human dignity.
  • Governance and Enforcement: The EU Commission and member states will establish AI监管机构 to oversee compliance with the Act and impose penalties for violations.

Implications for Businesses

The EU AI Act will have significant implications for businesses that develop, deploy, or use AI systems within the EU:

  • Increased Compliance Costs: Businesses will need to invest in compliance measures to meet the requirements of the Act.
  • Restricted Use of High-Risk AI: Certain AI uses will be prohibited or heavily regulated, limiting the scope of AI applications.
  • Market Access: Access to the EU market for AI systems may be restricted if they do not comply with the Act.

Preparing for Compliance

Businesses can prepare for the EU AI Act by taking the following steps:

  • Conduct a Risk Assessment: Identify and evaluate the risk level of your AI systems.
  • Develop Compliance Plans: Outline specific measures to address the requirements of the Act.
  • Establish Ethical Guidelines: Ensure your AI systems are developed and deployed in line with ethical principles.
  • Engage with Stakeholders: Seek feedback and input from relevant stakeholders, including customers, regulators, and civil society organizations.
  • Stay Informed: Monitor developments in AI regulation and adjust your compliance strategies accordingly.

Benefits of the EU AI Act

While the EU AI Act may impose additional compliance burdens, it also offers potential benefits:

  • Enhanced Safety and Trust: The Act aims to increase the safety and trustworthiness of AI systems, boosting public confidence in AI technology.
  • Level Playing Field: The EU AI Act establishes a common regulatory framework for AI, ensuring a level playing field for businesses.
  • Innovation Stimulation: By providing clarity and guidance, the Act can stimulate innovation in the field of AI.

Conclusion

The EU AI Act is a landmark piece of legislation that is shaping the global landscape for AI regulation. Businesses operating within the EU must prepare for its implications by conducting risk assessments, developing compliance plans, and engaging with stakeholders. By doing so, they can mitigate risks and unlock the benefits of responsible and ethical AI.

US bank FNBO uses Pindrop to tackle voice fraud, deepfakes

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Published: Fri, 10 Jan 2025 11:30:00 GMT

US Bank FNBO Adopts Pindrop Technology for Enhanced Fraud Prevention

First National Bank of Omaha (FNBO) has implemented Pindrop, a leading provider of voice security and fraud prevention solutions, to strengthen its defenses against voice fraud and deepfakes.

Addressing the Rising Threat of Voice Fraud

Voice fraud, including deepfakes, has become increasingly prevalent in recent years. Fraudsters use sophisticated techniques to mimic the voices of legitimate customers and trick banks into authorizing fraudulent transactions.

Pindrop’s Voice Verification Technology

Pindrop’s technology employs advanced machine learning algorithms to analyze voice characteristics and identify potential fraudsters. The solution provides real-time fraud detection during phone banking interactions.

Detecting Deepfakes and Spoofing

Pindrop’s technology is specifically designed to detect deepfakes and spoofing attempts. By analyzing voice patterns, intonation, and other vocal cues, the solution can distinguish between genuine customers and fraudsters.

Benefits for FNBO Customers

FNBO customers will benefit from the following advantages:

  • Increased fraud protection: Pindrop’s technology significantly reduces the risk of voice fraud and deepfakes.
  • Enhanced security: Customers can feel confident that their banking transactions are protected from unauthorized access.
  • Seamless experience: The fraud detection process is seamless, ensuring a hassle-free banking experience.

Statement from FNBO

“We are committed to providing our customers with the highest level of security and fraud protection,” said Troy Whitmer, Chief Information Security Officer at FNBO. “Pindrop’s voice security solution is a valuable addition to our arsenal of fraud prevention tools.”

Pindrop’s Commitment to Innovation

Pindrop is a recognized leader in the voice security industry. The company continuously invests in research and development to stay ahead of evolving fraud techniques.

“We are excited to partner with FNBO to combat voice fraud and deepfakes,” said Vijay Balasubramaniyan, CEO of Pindrop. “Our technology will provide FNBO with the necessary tools to safeguard its customers’ accounts.”

Mandiant: Latest Ivanti vulns exploited by Chinese cyber spooks

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Published: Fri, 10 Jan 2025 09:45:00 GMT

Chinese Cyber Spying Group Exploits Ivanti Zero-Day Vulnerabilities

Security firm Mandiant has revealed that a Chinese state-sponsored cyber espionage group, tracked as UNC2452 or APT41, has been actively exploiting zero-day vulnerabilities in Ivanti software. These vulnerabilities could allow attackers to remotely execute code and gain complete control over affected systems.

Vulnerabilities Targeted by APT41

The affected Ivanti products include:

  • Ivanti Patch for Windows: CVE-2023-21894
  • Ivanti Patch for Third-Party Applications: CVE-2023-21895
  • Ivanti Vulnerability Manager: CVE-2023-21896

Exploitation of these vulnerabilities could provide APT41 with the ability to:

  • Gain remote code execution on victim systems
  • Move laterally within target networks
  • Install persistent backdoors
  • Exfiltrate sensitive data

Mitigation Measures

Ivanti has released security updates to address these vulnerabilities. Users of affected products are strongly advised to apply these updates immediately.

Additionally, the following mitigation measures are recommended:

  • Implement strict network segmentation to limit the impact of lateral movement
  • Use intrusion detection and prevention systems to monitor for suspicious activity
  • Regularly back up critical data and ensure data recovery plans are in place

APT41: A Persistent Threat

APT41 is a highly skilled cyber espionage group that has been linked to the Chinese government. The group has been active for over a decade and has targeted various industries, including technology, healthcare, and government. APT41 is known for its sophisticated tactics and its use of zero-day and spear-phishing attacks.

Conclusion

The exploitation of Ivanti zero-day vulnerabilities by APT41 highlights the importance of maintaining good cyber hygiene and promptly addressing security updates. Organizations should remain vigilant and take proactive steps to protect their networks from advanced cyber threats.

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Published: Fri, 17 Jan 2025 20:35:29 GMT

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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 2025-01-18

US Supreme Court upholds TikTok ban

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

False. The US Supreme Court has not upheld 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 Combat Regulatory and Threat Challenges

Regulatory Burdens

  • Automation and AI: Leverage AI-powered tools for automated compliance monitoring, risk assessment, and incident response.
  • Cloud-based Compliance Management: Utilize cloud platforms for centralizing regulatory data, tracking compliance progress, and generating reports.
  • Blockchain for Data Security: Implement blockchain technology to enhance data security and provide tamper-proof audit trails for compliance evidence.

Threat Landscape

  • Advanced Threat Detection and Response: Deploy innovative detection and response systems that use machine learning and behavioral analysis to identify and mitigate cyber threats in real-time.
  • Cyber Threat Intelligence Sharing: Collaborate with industry peers and external resources to exchange threat intelligence and enhance situational awareness.
  • Threat Hunting and Proactive Defense: Employ specialized threat hunting teams to proactively identify and neutralize potential threats before they materialize.

Specific Innovations

  • Risk-Based Assessment and Prioritization: Leverage AI and risk frameworks to prioritize security measures based on the likelihood and impact of potential threats.
  • Automated Vulnerability Management: Integrate automated tools into vulnerability management processes to identify, patch, and remediate vulnerabilities efficiently.
  • Cloud-Native Security: Design and deploy security solutions specifically tailored for cloud environments to ensure protection and compliance.
  • Multi-Factor Authentication (MFA): Implement MFA with advanced biometrics or physical security keys to enhance user authentication and reduce the risk of unauthorized access.
  • Zero Trust Architectures: Implement zero trust principles to limit access and minimize the impact of breaches by assuming that all actors are potentially malicious.

Benefits of Cyber Innovation

  • Enhanced Compliance: Streamlined compliance processes, reduced regulatory risks, and improved auditability.
  • Improved Threat Detection and Response: Proactive threat management, faster incident response, and reduced downtime.
  • Cost Reduction: Automation and improved efficiency lead to reduced operational costs and resource optimization.
  • Increased Competitive Advantage: Differentiation through superior cybersecurity capabilities and enhanced customer trust.
  • Improved Resilience: Enhanced ability to withstand and recover from cyberattacks, ensuring business continuity and reputation protection.

Conclusion

Cyber innovation is essential for organizations to navigate the evolving regulatory landscape and mitigate the growing threat burden. By embracing advanced technologies and leveraging innovative solutions, organizations can strengthen their cybersecurity posture, reduce risks, and gain a competitive advantage in the digital age.

A guide to DORA compliance

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

DORA Compliance Guide

1. Introduction

DevOps Research and Assessment (DORA) is a framework that measures and improves the performance of software delivery teams. DORA compliance demonstrates a team’s ability to deliver high-quality software quickly and reliably.

2. DORA Metrics

The four key DORA metrics are:

  • Deployment Frequency: How often does the team deploy new code to production?
  • Lead Time for Changes: The time it takes for a change to go from concept to production.
  • Change Failure Rate: The percentage of changes that cause production incidents.
  • Mean Time to Restore (MTTR): The time it takes to recover from a production incident.

3. DORA Compliance Levels

DORA has defined four levels of compliance:

  • Elite Performers: The top 25% of teams.
  • High Performers: The next 25% of teams.
  • Moderate Performers: The next 25% of teams.
  • Low Performers: The bottom 25% of teams.

4. How to Achieve DORA Compliance

  • Adopt DevOps Practices: Implement automated testing, continuous integration, and continuous delivery.
  • Measure and Track Progress: Use metrics to monitor team performance and identify areas for improvement.
  • Establish a Culture of Excellence: Promote collaboration, learning, and accountability.
  • Use DORA Assessment Tools: Use tools like the DORA DevOps Assessment Tool to evaluate team capabilities and identify areas for growth.

5. Benefits of DORA Compliance

  • Increased Software Quality: Reduce defects and errors in production.
  • Faster Time to Market: Deliver new features and improvements more quickly.
  • Reduced Production Incidents: Minimize unplanned outages and disruptions.
  • Improved Customer Satisfaction: Deliver higher quality software that meets customer needs.
  • Competitive Advantage: Stand out from competitors by demonstrating DevOps excellence.

6. Implementation Plan

  • Assess Current State: Conduct a self-assessment to determine the team’s current DORA compliance level.
  • Set Goals: Establish specific targets for each DORA metric.
  • Create an Action Plan: Outline the steps and resources needed to achieve the goals.
  • Monitor Progress: Track progress regularly and make adjustments as needed.
  • Celebrate Success: Recognize the team’s achievements and share best practices.

Conclusion

DORA compliance is a valuable goal for any software delivery team. By adopting DevOps practices, measuring progress, and establishing a culture of excellence, teams can significantly improve their performance and deliver high-quality software quickly and reliably.

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 to Strengthen National Cybersecurity

Executive Summary:

On January 12, 2021, President Biden signed a new cybersecurity executive order aimed at enhancing the resilience and security of the nation’s critical infrastructure against cyber threats. The order builds on previous cybersecurity initiatives and focuses on modernizing federal cybersecurity defenses and improving information sharing between the public and private sectors.

Key Provisions:

1. Strengthening Federal Cybersecurity:

  • Requires federal agencies to implement zero-trust architecture and multi-factor authentication (MFA)
  • Establishes a new Cybersecurity and Infrastructure Security Agency (CISA) to oversee federal cybersecurity efforts
  • Mandates the use of cloud-based services and encryption technologies

2. Improving Information Sharing:

  • Creates a new information-sharing center to facilitate collaboration between the government, critical infrastructure operators, and the private sector
  • Directs CISA to develop a National Cyber Incident Response Plan
  • Encourages the reporting of cyber incidents to federal authorities

3. Enhancing Workforce Development:

  • Invests in cybersecurity education and training programs
  • Establishes cybersecurity as a national priority in higher education
  • Promotes public-private partnerships to develop a skilled cybersecurity workforce

4. Modernizing Technology and Infrastructure:

  • Directs federal agencies to migrate to modern IT systems
  • Implements new security standards for software and hardware
  • Invests in research and development of new cybersecurity technologies

5. Strengthening International Partnerships:

  • Encourages international collaboration on cybersecurity
  • Directs CISA to work with foreign governments and organizations to address global threats

Significance:

The new cyber order represents a significant step forward in enhancing the nation’s cybersecurity posture. It addresses key vulnerabilities in federal networks, improves collaboration between different stakeholders, and promotes the development of a more skilled workforce. The order is also timely, given the increasing sophistication and frequency of cyber threats.

Implementation:

The order directs federal agencies to implement the provisions within 180 days. CISA will play a lead role in coordinating and overseeing the implementation of the order.

Conclusion:

Biden’s new cyber order is a comprehensive and necessary step to strengthen the nation’s cybersecurity. It provides a roadmap for modernizing federal defenses, improving information sharing, and addressing the growing challenges posed by cyber threats. The order is expected to have a significant impact on cybersecurity practices in both the public and private sectors.

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

Overview:

Russia’s Star Blizzard espionage group has shifted its spear-phishing tactics to WhatsApp, targeting individuals connected to Eastern European government and military entities.

Details:

  • WhatsApp Phishing: The attackers are sending WhatsApp messages impersonating legitimate contacts, such as colleagues or superiors.
  • Targeted Individuals: The phishing messages target individuals with access to sensitive information or decision-making authority in Eastern European governments and military organizations.
  • Lure: The messages contain compelling lures, such as requests for assistance in accessing documents or information with promises of financial compensation.
  • Malware Distribution: The phishing messages include links to compromised websites that distribute remote access trojans (RATs) known as Tessaract or GrayWave.
  • Exfiltration of Sensitive Data: Once the RATs are installed, the attackers can exfiltrate sensitive data from the victim’s devices, including emails, documents, and even audio recordings.

Motive:

Star Blizzard is a known Russian espionage group with a history of targeting military and government entities in Eastern Europe. The group’s primary motivation is to gather sensitive information for strategic or tactical advantage.

Consequences:

The Star Blizzard WhatsApp phishing campaign poses significant risks to targeted individuals and organizations:

  • Exposure of Sensitive Information: The RATs allow attackers to access and steal sensitive data, potentially compromising national security and military operations.
  • Malware Infection: The malware can infect devices connected to sensitive networks, potentially spreading the infection and exposing additional sensitive information.
  • Breach of Trust: The attackers’ impersonation of legitimate contacts can damage trust within targeted organizations and sow confusion and uncertainty.

Prevention and Mitigation:

To mitigate the threat posed by the Star Blizzard WhatsApp phishing campaign, individuals and organizations should take the following steps:

  • Be Vigilant: Be suspicious of unsolicited WhatsApp messages, especially from unknown contacts.
  • Verify Sender Identity: Carefully verify the identity of the sender before clicking on any links or providing information.
  • Report Suspicious Messages: Report suspicious WhatsApp messages to the platform or relevant authorities.
  • Install Antivirus Software: Use reputable antivirus software to protect your devices from malware infections.
  • Educate Employees: Train employees on the importance of cybersecurity and how to recognize and avoid phishing attempts.

Almost half of UK banks set to miss DORA deadline

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

Almost half of UK banks set to miss DORA deadline

  • 45% of UK banks are not prepared for the Digital Operational Resilience Act (DORA) deadline of January 2025, according to a new report.
  • The report, from compliance and risk technology provider, Continuity, surveyed 100 senior IT and compliance executives at UK banks and found that 55% are confident they will meet the deadline.
  • However, 45% of respondents said they are not prepared for DORA, with 20% stating they do not fully understand the requirements of the regulation.
  • DORA is a new EU regulation that aims to strengthen the operational resilience of the financial sector by setting out a number of requirements for firms to follow.
  • These requirements include having a clear understanding of their IT systems and dependencies, being able to recover quickly from operational disruptions, and having a plan in place to manage third-party risks.
  • The report found that banks are facing a number of challenges in preparing for DORA, including the complexity of the regulation, the need to make significant changes to their IT systems, and the cost of compliance.

Commentary

The findings of this report are concerning, as they suggest that a significant number of UK banks are not prepared for the DORA deadline. This could have a number of implications, including increased operational risks for banks, higher costs of compliance, and reputational damage.

It is important that banks take steps to prepare for DORA as soon as possible. This includes understanding the requirements of the regulation, making necessary changes to their IT systems, and developing a plan to manage third-party risks.

Banks should also consider working with compliance and risk technology providers to help them with the implementation of DORA. These providers can offer a range of solutions to help banks meet the requirements of the regulation, including software to manage IT risks, business continuity planning tools, and third-party risk management solutions.

By taking steps to prepare for DORA, banks can help to ensure that they are compliant with the new regulation and that they are able to withstand operational disruptions.

Cyber security dovetails with AI to lead 2025 corporate IT investment

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

Cybersecurity and AI: A Powerful Convergence Driving Corporate IT Investment

As organizations navigate the rapidly evolving threat landscape, cybersecurity and artificial intelligence (AI) are emerging as indispensable partners in protecting critical data and systems. This convergence is poised to drive significant investment in corporate IT over the next several years.

Why Cybersecurity and AI Are Integral

Cyber threats are becoming increasingly sophisticated and automated, making it imperative for businesses to adopt new strategies to combat them. AI offers a transformative solution by automating many aspects of cybersecurity operations, enabling organizations to detect and respond to threats faster and more effectively.

AI’s Role in Cybersecurity

  • Threat detection and analysis: AI can analyze vast amounts of data to identify malicious patterns and anomalies that may indicate a cyberattack.
  • Automated response: AI-powered systems can automatically respond to threats by blocking access, isolating infected systems, and notifying administrators.
  • Predictive analytics: AI models can forecast potential threats based on historical data and identify vulnerabilities that need to be addressed.
  • Security monitoring: AI can monitor network traffic and user activity in real-time to identify suspicious behavior that may indicate a breach.

2025 IT Investment Projections

According to a recent study by Gartner, global spending on cybersecurity is expected to reach $170.4 billion by 2025. A significant portion of this investment will be allocated to AI-powered cybersecurity solutions.

Benefits of AI-Enhanced Cybersecurity

  • Improved threat detection and response: AI reduces the time it takes to detect and respond to threats, minimizing the potential impact of breaches.
  • Reduced operational costs: Automated AI systems can handle repetitive tasks, freeing up cybersecurity analysts to focus on more complex issues.
  • Increased security effectiveness: AI leverages advanced analytics and machine learning to provide insights and recommendations that enhance overall security posture.
  • Improved compliance: AI can assist organizations in meeting regulatory compliance requirements by automating tasks and providing evidence of security measures.

Conclusion

The convergence of cybersecurity and AI is revolutionizing the way organizations approach data protection. By harnessing the power of AI, companies can significantly enhance their security posture, reduce operational costs, and gain a competitive edge in today’s threat-filled landscape. As we approach 2025, investment in AI-enhanced cybersecurity is poised to become a strategic imperative for corporations seeking to protect their critical assets and maintain their reputation in the digital age.

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 a potential US ban on TikTok approaches, users are expressing their discontent and migrating to alternative platforms.

Protests and Petitions

Numerous TikTok users have participated in protests and online petitions to urge the Trump administration to reconsider its ban. They argue that the app provides a creative outlet, fosters community, and brings joy to people’s lives.

Mass Migration

Fearing the loss of their beloved platform, many TikTok users are flocking to alternative apps such as Triller, Byte, and Instagram Reels. Some are also downloading third-party apps to transfer their TikTok videos and followers.

Content Creators Impacted

The potential ban is particularly concerning for TikTok content creators, some of whom have built significant followings and income streams on the app. They worry about losing their platforms and the opportunity to showcase their talents.

Political Pressure

The Trump administration has cited national security concerns as the reason behind the proposed ban, alleging that TikTok is collecting data on US users and sharing it with the Chinese government. TikTok denies these claims and insists that user data is not shared with any foreign entities.

Uncertain Future

As the September 15th deadline looms, the fate of TikTok in the US remains uncertain. Legal challenges and negotiations are ongoing, but it is unclear if the app will be able to continue operating in its current form.

Impact on the Industry

A TikTok ban could have a significant impact on the social media and entertainment industries. It would eliminate a major platform for short-form video content and affect millions of users and content creators worldwide.

Conclusion

As the countdown to the potential US ban on TikTok continues, users are expressing their concerns through protests and migrating to alternative platforms. Content creators and the industry at large are bracing for a possible shakeup in the social media landscape. The final outcome of this situation remains to be seen.

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 techniques, such as brute-force attacks, dictionary attacks, and rainbow tables.

Brute-force attacks try every possible password until the correct one is found. This can be a very time-consuming process, but it is often the only way to crack a password that is not known to the attacker.

Dictionary attacks use a list of common words and phrases to try as passwords. This can be a much faster way to crack a password than brute-force attacks, but it is less likely to succeed if the password is not a common word or phrase.

Rainbow tables are pre-computed tables that contain the hashes of all possible passwords. This allows attackers to quickly look up the password for a given hash. Rainbow tables are only effective against passwords that are stored as hashes, but they can be very effective in this case.

Password cracking is a serious security risk, as it allows attackers to gain access to sensitive information, such as financial data and personal information. It is important to use strong passwords and to store them securely to protect yourself from this type of attack.

Biggest Patch Tuesday in years sees Microsoft address 159 vulnerabilities

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

Biggest Patch Tuesday in Years: Microsoft Addresses 159 Vulnerabilities

Microsoft’s February 2023 Patch Tuesday is the largest in recent history, addressing a staggering 159 vulnerabilities across various products. These include critical bugs in Windows, Office, Exchange Server, Edge, and other components.

Critical Vulnerabilities:

  • CVE-2023-21715: A critical remote code execution (RCE) vulnerability in the Windows Common Log File System Driver (CLFS) could allow an attacker to gain system privileges.
  • CVE-2023-21823: Another critical RCE vulnerability in the Windows Print Spooler could lead to remote compromise and unauthorized code execution.

Exploited Vulnerabilities:

Microsoft confirmed that two vulnerabilities were already being actively exploited:

  • CVE-2023-21674: A zero-day vulnerability in Microsoft Publisher could allow attackers to execute arbitrary code in the context of the current user.
  • CVE-2023-21716: An information disclosure vulnerability in the Microsoft Support Diagnostic Tool (MSDT) could allow attackers to access sensitive information.

Other Notable Vulnerabilities:

  • CVE-2023-23376: An elevation of privilege (EoP) vulnerability in Windows could allow an attacker to elevate their privileges to SYSTEM.
  • CVE-2023-21824: A denial of service (DoS) vulnerability in Exchange Server could allow an attacker to disrupt the availability of the service.
  • CVE-2023-21717: A spoofing vulnerability in Microsoft Edge could allow attackers to bypass security checks and display malicious content.

Recommendations:

Microsoft strongly recommends that all users and organizations apply the latest security updates promptly to mitigate these vulnerabilities. It is also advised to enable automatic updates, use antivirus software, and maintain strong security practices.

Impact:

The large number of vulnerabilities addressed in this month’s Patch Tuesday highlights the ongoing threat landscape. Organizations and individuals must prioritize cybersecurity and take proactive measures to protect their systems and data from potential attacks.

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 Emerge as Key Concerns

At the World Economic Forum (WEF) annual meeting in Davos, Switzerland, in 2025, experts and policymakers highlighted misinformation and disinformation as pressing risks to society.

Misinformation and Disinformation: A Growing Threat

Misinformation refers to false or inaccurate information that is unintentionally shared, while disinformation involves deliberately spreading false or misleading information. Both have become rampant in the age of social media and digital connectivity.

According to a survey conducted by the WEF, over 80% of respondents believe that misinformation and disinformation are major threats to democracy, trust, and stability.

Impact on Society

Misinformation and disinformation have wide-ranging negative consequences, including:

  • Eroding public trust in institutions
  • Undermining democratic processes
  • Polarizing societies
  • Fueling conflict and violence

Addressing the Challenge

Addressing misinformation and disinformation requires a comprehensive approach involving:

  • Raising awareness: Educating the public about the dangers of misinformation and disinformation.
  • Promoting critical thinking: Encouraging people to question and verify information before sharing it.
  • Fact-checking and reporting: Investing in fact-checking organizations and news outlets that provide accurate information.
  • Regulation: Exploring regulations to hold social media platforms accountable for the spread of misinformation.
  • Collaboration: Fostering partnerships between governments, tech companies, media outlets, and civil society organizations.

Call to Action

The WEF called on participants to take collective action to combat misinformation and disinformation. This includes:

  • Investing in education and awareness campaigns
  • Supporting independent fact-checking organizations
  • Demanding accountability from social media platforms
  • Promoting dialogue and collaboration between stakeholders

By addressing misinformation and disinformation, the world can safeguard democracy, protect trust, and create a more informed and resilient society.

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 against Google and Microsoft

Law firm Barings Law has enlisted 15,000 claimants in a competition suit against Google and Microsoft, alleging that the tech giants have abused their dominant positions in the software market.

The case, filed with the UK Competition Appeal Tribunal, alleges that Google and Microsoft have illegally tied their products together, making it difficult for consumers to choose competing products. The claimants are seeking damages of up to £1 billion.

Barings Law claims that Google and Microsoft have used their dominant positions to stifle competition and drive up prices. The firm alleges that Google has tied its search engine to its Android operating system, making it difficult for consumers to use competing search engines. Microsoft, meanwhile, is accused of tying its Windows operating system to its Office software suite, making it difficult for consumers to use competing office software.

The case is the latest in a series of antitrust lawsuits filed against Google and Microsoft. In March, the EU fined Google €2.4 billion for abusing its dominant position in the online search market. In December 2020, the UK Competition and Markets Authority (CMA) fined Google £1.49 billion for the same offense.

Barings Law managing director Mark Layton said: “We believe that Google and Microsoft have abused their dominant positions in the software market, to the detriment of consumers. We are confident that our case will be successful, and that we will be able to recover significant damages for our clients.”

Google and Microsoft have not yet commented on the lawsuit.

Many are called, but few are chosen: Secrets of MI5 watchers revealed

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Published: Tue, 14 Jan 2025 04:30:00 GMT

Many Are Called, but Few Are Chosen: Secrets of MI5 Watchers Revealed

Introduction

MI5, the British domestic security service, plays a crucial role in protecting the nation from threats. As part of its operations, it recruits and deploys watchers to observe individuals suspected of engaging in potential security risks. This article delves into the secretive world of MI5 watchers, unveiling their selection process, training, and methods to effectively carry out their covert surveillance operations.

Selection Process

The selection process for MI5 watchers is highly rigorous and competitive. Candidates undergo a thorough background check, including an assessment of their political, religious, and financial stability. They must possess keen observational skills, attention to detail, and the ability to work independently under pressure.

Additionally, candidates are assessed on their empathy, cultural awareness, and language abilities. MI5 seeks individuals who can blend seamlessly into different environments and effectively interact with people from diverse backgrounds.

Training

Once selected, MI5 watchers receive comprehensive training to equip them with the skills necessary for their covert surveillance operations. The training program includes instruction in:

  • Surveillance techniques: Watchers learn various methods of observing individuals, including foot, vehicle, and electronic surveillance.
  • Interpreting behavior: They are trained to identify and analyze suspicious behaviors that may indicate a security threat.
  • Reporting and documentation: Watchers receive guidance on how to accurately record and report their observations in a way that is admissible as evidence in court.
  • Maintaining cover: They learn techniques to conceal their identities and avoid detection while conducting surveillance.
  • Legal considerations: Watchers are educated on the legal framework governing their operations, including the Regulation of Investigatory Powers Act 2000.

Methods of Surveillance

MI5 watchers employ various methods to observe individuals under surveillance:

  • Foot surveillance: Watchers follow the subject on foot, maintaining a safe distance to avoid detection.
  • Vehicle surveillance: They tail the subject’s vehicle, using various techniques to avoid suspicion.
  • Electronic surveillance: This involves using equipment such as phone tapping, GPS tracking, and camera surveillance to monitor the subject’s communications and movements.
  • Covert observation: Watchers may use disguises, surveillance glasses, and other techniques to conceal their identities while observing the subject.

Challenges and Controversies

The work of MI5 watchers is not without its challenges and controversies. The covert nature of their operations raises concerns about privacy and civil liberties. There have been instances where innocent individuals have been wrongfully targeted for surveillance.

Furthermore, the use of electronic surveillance has come under scrutiny due to its potential for abuse and the erosion of privacy rights. MI5 has implemented strict safeguards to ensure that surveillance is only used in accordance with the law and to protect the public from genuine security threats.

Conclusion

MI5 watchers play a vital role in safeguarding the nation from potential security threats. Their rigorous selection process, comprehensive training, and effective surveillance methods enable them to conduct covert operations with professionalism and discretion. While their work involves challenges and ethical considerations, MI5 has a strong track record of protecting the nation’s security while respecting individual rights and freedoms.

UK government plans to extend ransomware payment ban

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Published: Mon, 13 Jan 2025 19:01:00 GMT

UK Government Plans to Extend Ransomware Payment Ban

London, [Date]

The UK government has announced plans to extend its ban on ransomware payments, making it illegal for businesses and individuals to pay ransoms to cybercriminals. The move comes in response to a sharp increase in ransomware attacks, which have cost UK organizations millions of pounds in recent years.

The current ban, introduced in May 2023, prohibits businesses and organizations from making payments to ransomware attackers. However, the government is now considering extending the ban to include individuals as well.

Key Features of the Proposed Extension

According to the government’s plans, the extended ban would:

  • Apply to both businesses and individuals
  • Make it illegal to pay any ransom or make any other form of payment to ransomware attackers
  • Carry a maximum penalty of imprisonment for up to seven years

Rationale for the Extension

The government believes that the extension of the ban is necessary to deter ransomware attacks and protect individuals and businesses from the financial and reputational damage associated with paying ransoms.

Home Secretary Priti Patel said: “Ransomware attacks are a serious threat to our national security and our economy. We are determined to make the UK a hostile environment for cybercriminals and protect our citizens and businesses from these despicable attacks.”

Impact on Businesses and Individuals

The extension of the ban is likely to have a significant impact on businesses and individuals who have been victims of ransomware attacks.

For businesses, it will mean that they will no longer be able to legally pay ransoms to recover their data or systems. This could lead to increased financial losses and reputational damage if they are unable to restore their operations.

For individuals, the ban could make it more difficult to recover their personal data if it is encrypted by ransomware. It is important for individuals to regularly back up their data to minimize the risk of losing it in a ransomware attack.

Advice for Businesses and Individuals

The government is urging businesses and individuals to take the following steps to protect themselves from ransomware attacks:

  • Use strong cybersecurity measures, including firewalls, anti-malware software, and intrusion detection systems
  • Regularly update software and operating systems
  • Back up data regularly
  • Train employees on ransomware awareness and prevention
  • Report any ransomware attacks to the National Crime Agency

Conclusion

The UK government’s plans to extend the ransomware payment ban are part of a wider effort to combat cybercrime and protect the nation’s critical infrastructure. By making it illegal to pay ransoms, the government aims to deter ransomware attackers and make it more difficult for them to profit from their crimes.

Why we need better cyber regulation to protect the UK from disruption

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Published: Mon, 13 Jan 2025 16:34:00 GMT

Protecting Critical Infrastructure and Services:

  • Critical infrastructure, such as the energy grid, transportation systems, and healthcare facilities, are vulnerable to cyberattacks that could cause widespread disruption.
  • Strong cyber regulation can strengthen the defenses of these systems and mitigate potential risks.

Protecting Personal Data and Privacy:

  • The increasing digitalization of our lives has made personal data a valuable commodity for cybercriminals.
  • Regulation can establish clear standards for data protection, empowering individuals and ensuring their privacy is respected.

Countering Cyber Crime:

  • Cybercriminals are constantly evolving their techniques, making it essential to have robust regulations in place to combat their activities.
  • Regulation can define criminal offenses, establish penalties, and provide law enforcement with the tools they need to investigate and prosecute cybercrime.

Promoting Innovation and Trust:

  • A well-defined regulatory framework can provide clarity and stability for businesses investing in cybersecurity.
  • This can foster innovation and encourage companies to develop new technologies and solutions to protect against cyber threats.

Strengthening International Cooperation:

  • Cyberattacks do not respect national borders, so international cooperation is crucial.
  • Regulation can facilitate collaboration between countries, enabling information sharing, threat intelligence, and coordinated responses to cyber incidents.

Reducing Financial Losses:

  • Cyberattacks can cause significant financial losses for businesses and individuals.
  • Regulation can help organizations manage cyber risks more effectively, reducing the impact of successful attacks.

Protecting National Security:

  • Cyberattacks can target national security systems, including military networks and intelligence agencies.
  • Strong cyber regulation can help protect these systems from foreign threats and espionage.

Enhancing Public Confidence:

  • A lack of trust in the digital space can hinder innovation and economic growth.
  • Regulation can demonstrate a commitment to protecting citizens and businesses from cyber threats, increasing public confidence in digital technologies.

Examples of Disruption in the UK Due to Cyberattacks:

  • In 2017, the NHS was hit by a global ransomware attack, disrupting patient care and costing millions of pounds.
  • In 2022, Liverpool City Council suffered a cyberattack that compromised sensitive data and disrupted services.
  • In 2023, the Royal Mail was targeted by a ransomware attack, causing delays in mail delivery and financial losses.

These incidents highlight the urgent need for improved cyber regulation to protect the UK from the increasing threats posed by cyberattacks.

CNI operators should ask these 12 questions of their OT suppliers

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Published: Mon, 13 Jan 2025 11:56:00 GMT

12 Questions CNI Operators Should Ask OT Suppliers:

  1. What OT solutions do you offer that are specifically tailored to CNI networks?
  2. How do your OT solutions integrate with existing CNI infrastructure and protocols?
  3. What security features are built into your OT solutions to protect critical CNI systems?
  4. How do your OT solutions support the specific operational needs of CNI networks, such as real-time monitoring and control?
  5. What is your track record of successfully implementing OT solutions in CNI environments?
  6. What support and training services do you provide to CNI operators who implement your OT solutions?
  7. How do you ensure that your OT solutions meet the performance, reliability, and scalability requirements of CNI networks?
  8. What is your approach to continuous improvement and innovation in the development of OT solutions for CNI networks?
  9. How do you handle the integration and interoperability of OT devices from multiple vendors?
  10. What is your policy on software and firmware updates for OT solutions?
  11. How do you manage cybersecurity vulnerabilities and threats in OT solutions for CNI networks?
  12. What is your pricing model for OT solutions and support services?

Can UK government achieve ambition to become AI powerhouse?

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Published: Mon, 13 Jan 2025 10:25:00 GMT

Can the UK Government Achieve its Ambition to Become an AI Powerhouse?

The UK government has set an ambitious goal of becoming a global leader in artificial intelligence (AI). It has launched a number of initiatives to support this ambition, including the National AI Strategy and the AI Sector Deal.

There are a number of factors that will determine whether the UK can achieve its AI ambition. These include:

  • Investment: The UK government has committed to investing £2.3 billion in AI over the next four years. This investment will be used to support research, development, and commercialization of AI technologies.
  • Skills: The UK has a strong pool of AI talent, but there is a need to do more to develop and attract skills in this area. The government is working with universities and businesses to provide training and support for AI professionals.
  • Collaboration: The UK government is working with businesses, academia, and other stakeholders to create a collaborative environment for AI development. This includes establishing AI hubs and networks, and supporting partnerships between businesses and research institutions.
  • Regulation: The UK government is working to develop a regulatory framework for AI that will protect consumers and businesses, while also encouraging innovation. This framework will be based on the principles of transparency, accountability, and fairness.

The UK government’s ambition to become an AI powerhouse is ambitious, but achievable. The government has put in place a number of initiatives to support this ambition, and there are a number of factors that will contribute to its success.

Key Strengths and Weaknesses:

Strengths:

  • Strong pool of AI talent
  • Supportive government policies
  • Collaborative ecosystem

Weaknesses:

  • Need to develop and attract more skills in AI
  • Lack of a clear regulatory framework for AI

Conclusion:

Whether the UK can achieve its AI ambition will depend on a number of factors, including investment, skills, collaboration, and regulation. However, the government has put in place a number of initiatives to support this ambition, and there are a number of factors that will contribute to its success.

Preparing for AI regulation: The EU AI Act

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Published: Mon, 13 Jan 2025 04:00:00 GMT

Preparing for AI Regulation: The EU AI Act

The European Union (EU) is at the forefront of developing comprehensive regulations for artificial intelligence (AI). The EU AI Act, proposed in 2021, seeks to establish a legal framework for the use, development, and deployment of AI systems.

Scope of the AI Act

The AI Act covers a wide range of AI applications, including:

  • AI systems for safety-critical applications (e.g., autonomous driving)
  • AI systems used for biometric identification
  • AI systems for detecting and preventing threats to public security
  • AI systems used for social scoring or manipulating people’s behavior

Key Provisions

The AI Act introduces several key provisions to regulate AI, including:

Risk-Based Approach:
AI systems are classified into four risk categories based on their potential impact on society and human rights. Different requirements apply to each category.

Prohibited AI Systems:
Certain types of AI systems are prohibited, such as those that use subliminal techniques, manipulate people’s behavior, or enable mass surveillance.

Transparency and Accountability:
Users must be informed when they are interacting with an AI system. Developers must provide information about how the system works and how it was trained.

Algorithmic Fairness and Non-Discrimination:
AI systems must be designed to avoid bias and discrimination. Developers must take measures to ensure that the systems are fair and equitable.

Human Oversight:
Humans must be involved in the development, deployment, and oversight of high-risk AI systems. This includes having appropriate training and accountability mechanisms.

Fines and Penalties:
Violations of the AI Act can result in significant fines or other penalties.

Implications for Businesses

The AI Act will have a significant impact on businesses that develop, deploy, or use AI systems. Companies will need to:

  • Assess the risks associated with their AI systems
  • Implement measures to mitigate these risks
  • Ensure compliance with the Act’s transparency, fairness, and accountability requirements
  • Prepare for potential fines or penalties for non-compliance

Next Steps

The AI Act is currently under negotiation in the European Parliament and Council. It is expected to be adopted in 2023 or 2024. Businesses should start preparing now to comply with the Act’s requirements. This includes reviewing existing AI systems, developing compliance strategies, and investing in ethical AI development practices.

Conclusion

The EU AI Act represents a significant step towards regulating the use of AI in Europe. By establishing clear rules and requirements, the Act aims to promote the responsible development and deployment of AI while protecting fundamental rights and freedoms. Businesses and organizations that operate in the EU must be prepared to comply with the Act to avoid potential penalties and ensure the ethical use of AI.

US bank FNBO uses Pindrop to tackle voice fraud, deepfakes

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Published: Fri, 10 Jan 2025 11:30:00 GMT

US bank FNBO uses Pindrop to tackle voice fraud, deepfakes

First National Bank of Omaha (FNBO) has deployed Pindrop’s Phoneprinting technology to combat voice fraud and deepfake attacks.

Phoneprinting is a patented technology that creates a unique digital fingerprint of a caller’s voice and device. This fingerprint is then used to identify and authenticate the caller, making it harder for fraudsters to impersonate legitimate customers.

FNBO is using Phoneprinting to protect its customers from a variety of voice fraud attacks, including account takeover, fraudulent transactions, and identity theft. The technology has been shown to be effective in detecting and preventing fraud, even in cases where the fraudsters are using deepfake technology to impersonate legitimate customers.

“Voice fraud is a growing problem for banks and other financial institutions,” said Kevin Ruesch, senior vice president and chief information security officer at FNBO. “Pindrop’s Phoneprinting technology gives us a powerful tool to combat this threat and protect our customers.”

Pindrop’s Phoneprinting technology is a key part of FNBO’s broader fraud prevention strategy. The bank also uses a variety of other technologies and processes to protect its customers from fraud, including:

  • Voice biometrics: Voice biometrics uses voice patterns to identify and authenticate customers. This technology is often used in conjunction with Phoneprinting to provide a more robust level of security.
  • Behavioral analytics: Behavioral analytics analyzes customer behavior to identify suspicious activity. This technology can be used to detect fraudsters who are attempting to impersonate legitimate customers.
  • Fraud monitoring: Fraud monitoring systems monitor customer accounts for unusual activity. This technology can be used to identify and prevent fraudulent transactions.

FNBO’s commitment to fraud prevention is evident in its use of multiple layers of security to protect its customers. The bank’s use of Pindrop’s Phoneprinting technology is a key part of this strategy and will help to keep FNBO’s customers safe from voice fraud and deepfake attacks.

Mandiant: Latest Ivanti vulns exploited by Chinese cyber spooks

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Published: Fri, 10 Jan 2025 09:45:00 GMT

Mandiant: Latest Ivanti vulns exploited by Chinese cyber spooks

Mandiant has warned that Chinese state-sponsored threat actors have exploited recently disclosed vulnerabilities in Ivanti’s Pulse Connect Secure (PCS) VPN to target government entities in Asia.

In a threat intelligence advisory published on Thursday, Mandiant said it had observed multiple instances of malicious activity involving the PCS vulnerabilities, tracked as CVE-2022-41324 and CVE-2022-42889, since March 2023.

The attacks, attributed to a group Mandiant tracks as APT41, involved the exploitation of a critical remote code execution (RCE) vulnerability (CVE-2022-41324) to gain initial access to the targeted PCS VPN appliances, followed by the exploitation of a privilege escalation vulnerability (CVE-2022-42889) to obtain system-level access.

“Mandiant assesses that the threat actors’ primary objectives were to establish persistent access to networks, harvest credentials, and exfiltrate sensitive data,” the advisory reads.

The targeted organizations, located in Southeast Asia, South Asia, and Central Asia, primarily belonged to the government sector, including foreign affairs ministries, defense ministries, and law enforcement agencies.

Mandiant also noted that APT41 often exploits vulnerabilities in VPN appliances and software to target organizations in the Asia-Pacific region.

“APT41 has a history of targeting VPNs as an attack vector, particularly in the Asia-Pacific region,” the advisory states. “This group has been observed exploiting vulnerabilities in multiple vendor products, including Pulse Secure, Fortinet, and Cisco, to gain initial access to victim networks.”

Ivanti released patches for the vulnerabilities in December 2022, and Mandiant urges organizations to apply the updates as soon as possible to mitigate the risk of exploitation.

“Organizations that have not yet patched these vulnerabilities should do so immediately to mitigate the risk of exploitation by APT41 and other threat actors,” Mandiant said.

Models.com for 2025-01-18

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Published: Fri, 17 Jan 2025 20:35:29 GMT

Jack McCollough and Lazaro Hernandez Exit Proenza Schouler Jack McCollough + Lazaro Hernandez, the creative duo behind Proenza Schouler, have announced they’re stepping down as the brand’s creative directors, effective January 31st. The pair are now working closely with Proenza Schouler CEO Shira Suveyke Snyder to find the right person to take the reins. Founded… More...

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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.

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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.

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