Internet-accessible technology in construction is introducing cyberhacking vulnerabilities that have plagued many other industries, with the Associated General Contractors of America reporting 117,000 cyberattacks per day in the US in 2014. Portland State University is addressing the problem with its CyberPDX program, designed in part to address the staffing requirements for more robust cybersecurity by enticing young people to enter the field.
Facebook is providing its image-recognition artificial intelligence research to the public with the hopes it will continue to expand on machine vision. "The more the community is using open source code, the faster it is improved and innovated on, which helps expand expertise and adds longevity to projects we feel are very important," Facebook AI Research's Piotr Dollar said.
Structure and budgeting are the most important factors in beginning to solve some of the biggest pain points in managing cybersecurity for the federal government, a panel of federal security experts said. Building money into long-term budgets and closing the cybersecurity information gap between administrations may be more important than implementing new technology, they said.
Last year's cyberinsurance premiums amounted to $998 million, with premiums for stand-alone policies representing $483 million of that total, Fitch Ratings has found. The figures come from an analysis of insurers' supplemental filings with the National Association of Insurance Commissioners, and they might be understated with regard to bundled cyberinsurance coverage, Fitch reports.
Guarding against possible hacks, Dropbox is requiring accounts that haven't changed their passwords in four years to do so now. The action comes after Dropbox's intelligence team found a file containing hashed and salted passwords pertaining to passwords probably obtained during a 2012 cyberattack on LinkedIn, a source said.
Private equity firm Apollo Global Management is buying
Rackspace for $4.3 billion to make it a private company. The shift will allow the company to monitor and meet changing customer demand, executives said.
Startups are in position to lead the artificial intelligence revolution as more new companies find applications for the technology in specific verticals such medicine, agriculture and legal, while large enterprises will provide the computing power and foundation blocks, Hossein Rahnama writes. AI is on pace to become a $20 billion industry by 2020, according to Bloomberg.
There were twice as many security breaches in the US financial industry in 2015 as in 2014, with more than 25% of attacks traced back to lost or stolen devices, a Bitglass report states. Five of the 20 largest US financial institutions and 32 other banks reported security leaks in the first half of this year, with JPMorgan experiencing repeated breaches for almost a decade.
The intelligence community is focusing on integration and data sharing, with the main focus behind Intelligence Community IT Enterprise being sharing data within the community, not just the agency that compiles it. "This is really a revolutionary idea," IC executive Jennifer Kron said, adding that before, agencies didn't have standardized security procedures.
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