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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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These tech firms downplayed the impact of the SolarWinds hack – now they’ve been fined by the SEC
The US Securities and Exchange Commission (SEC) has charged four major tech firms with failing to tell the truth about their exposure to the 2020 SolarWinds hack. Unisys, Avaya Holdings, Check Point Software, and Mimecast have agreed to pay civil penalties of $4 million, $1 million, $995,000, and $990,000 respectively. “As today’s enforcement actions reflect, while public companies may become…
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Energy firms need to up their game to protect against supply chain risks
The energy sector is facing a surge in supply chain risks thanks to a growing dependence on vendors, with two-thirds of breaches now coming from software and IT vendors. In a report from SecurityScorecard and KPMG, ‘A Quantitative Analysis of Cyber Risks in the U.S. Energy Supply Chain’, security researchers and industry subject professionals highlighted frequent threats such as ransomware…
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E.U. Partners With Venture Capital Firms to Boost Tech Investment
The European Union has announced that it is teaming up with 71 investors that will co-invest in innovative tech projects in the region. Together, the venture capital funds, public investment banks, foundations, and corporate venture funds represent over €90 billion of assets. The so-called “Trusted Investors Network” was launched on Monday to help finance “high-risk deep tech companies that have…
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American utilities firms need to invest now to feed AI energy demands
AI is so energy hungry that American utilities companies must upgrade their capacity and networks to meet growing demand. That’s according to consultancy Bain & Company, which warned that demand for power could soon be outstripped by supply in the US, home to many of the biggest AI developers. The warning follows Amazon investing in a nuclear-powered data center and…
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