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UK financial services firms are scrambling to comply with DORA regulations
More than four-in-ten UK financial services firms look set to miss the deadline for compliance with the new Digital Operational Resilience Act (DORA) tomorrow. Companies failing to comply with the regulations could face fines of up to 2% of worldwide daily turnover for as long as six months. However, while nearly nine-in-ten UK CISOs and senior security decision makers believe…
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Only 13% of firms are tracking their AI energy usage – here’s why that’s a problem
While business leaders say they’re concerned about the power demands of AI within their organization, few are managing to monitor it properly. Seven-in-ten business leaders say they’re aware of the significant energy required to train or run AI models, and half are concerned about the energy and efficiency challenges this brings. Yet despite this, just 13% are monitoring the power…
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The open source industry is booming as firms invest billions in ecosystem each year
The open source software industry is booming, according to recent analysis, with organizations now investing around $7.7 billion in the ecosystem each year. Researchers from GitHub, the Linux Foundation, and the Laboratory for Innovation Science at Harvard (LISH) found the median investment in open source now stands at $520,600 on a business-by-business basis. This isn’t all direct funding, however, with…
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Cybersecurity firm’s Chrome extension hijacked to steal users’ data
At least five Chrome extensions were compromised in a coordinated attack where a threat actor injected code that steals sensitive information from users. One attack was disclosed by Cyberhaven, a data loss prevention company that alerted its customers of a breach on December 24 after a successful phishing attack on an administrator account for the Google Chrome store. Among Cyberhaven’s customers are Snowflake,…
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Warning issued after Chinese hacker group breaches telco firms in “dozens of countries”
A senior national security adviser in the Biden Administration has warned that a Chinese state-sponsored hacking group has breached telecommunications firms in “dozens of countries”. Anne Neuberger, President Biden’s deputy national security adviser, said the campaign attributed to the threat actor known as Salt Typhoon is ongoing, and has breached at least eight US telcos, according to reporting in the…
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Blue Yonder ransomware attack disrupts grocery, retail, and hospitality firms
Supply chain software company Blue Yonder has revealed it suffered a ransomware attack causing operational disruption for some of its customers, including a number of UK grocery and retail stores. The firm’s solutions use AI and machine learning algorithms to help retail customers model demand and respond to market changes by optimizing their inventory accordingly. Blue Yonder provides software for…
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Former Google CEO Eric Schmidt rejects claims Al scaling has peaked – but firms like OpenAI, Anthropic, and Google are finding it harder and more expensive to deliver
How can the large language models (LLMs) driving the generative AI boom keep getting better? That’s the question driving a debate around so-called scaling laws — and former Google CEO Eric Schmidt isn’t concerned. Scaling laws refer to how the accuracy and quality of a deep-learning model improves with size — bigger is better when it comes to the model…
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Firms warned to beware of fake IT workers
North Korean IT workers are secretly infiltrating US companies using fake identities and forged credentials, according to SentinelLabs. The cyber security organization has uncovered a network of companies, which it believes are backed by China, supplying remote workers under false identities. The workers conduct convincing video interviews under false identities. They use VPNs to mask their true locations, making it…
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Majority of firms using generative AI experience related security incidents – even as it empowers security teams
Almost all organizations using generative AI experience security issues or data breaches linked to the technology — and most say they don’t have the budget to deal with it. Research by the Capgemini Research Institute found that 97% of organizations using generative AI were affected by data breaches or security concerns linked to generative AI. Over half (52%) pointed to…
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North Korean hackers use new macOS malware against crypto firms
North Korean threat actor BlueNoroff has been targeting crypto-related businesses with a new multi-stage malware for macOS systems. Researchers are calling the campaign Hidden Risk and say that it lures victims with emails that share fake news about the latest activity in the cryptocurrency sector. The malware deployed in these attacks relies on a novel persistence mechanism on macOS that…
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