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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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Serco, DHL among firms affected by Microlise cyber attack
Telematics firm Microlise has confirmed that attackers accessed employee data in a hack that saw tracking services for customers disrupted. According to reports in the Financial Times, Serco – which handles the transport of prisoners for the Ministry of Justice – has seen vehicle tracking, panic alarms, navigation, and notifications related to estimated arrival times disabled. Drivers have been forced…
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Microsoft and Nvidia are teaming up to support UK AI startups – and they want to attract firms outside of London and the South East
Microsoft and Nvidia have teamed up to launch a generative AI accelerator for UK startups, offering them technical guidance, advice on marketing strategy, and access to a network of potential investors. The Microsoft GenAI Accelerator is specifically tailored for UK AI startups and scale-ups that have secured seed funding and are now looking to develop their products further. The accelerator…
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Considering an RTO policy? Think again. Firms with remote working options record better financial performance
Firms with strong flexible work options have improved fortunes in the stock market, according to researchers at the University of Melbourne. The university’s assistant professor of finance, Gabriele Lattanzio, found a correlation between companies ranked highly for flexible work opportunities and companies with higher share prices. “This study documents for the first time that firms’ reliance on alternative work arrangements…
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“You must do better”: Information Commissioner John Edwards calls on firms to beef up support for data breach victims
The UK Information Commissioner’s Office (ICO) is calling on organizations to do more to support victims after a data breach. According to ICO figures, nearly 30 million people in the UK have experienced a data breach. In total, 55% of UK adults reported having had their data lost or stolen, with 30% of them experiencing emotional distress as a result.…
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