CEOs from Microsoft, Google, Qualcomm and Oracle met with the Trump administration on Thursday to discuss how to ensure the US leads the way in technology and high-tech jobs. The meeting focused on US companies developments of technology including artificial intelligence, 5G wireless communication and quantum computing.
O2 and SoftBank customers were unable to access data networks on Thursday due to faulty software on a core node used by Ericsson. The outage lasted several hours and comes just two weeks before a scheduled initial public offering for SoftBank.
Shefali Mookencherry, an information security expert at Impact Advisors, says health care organizations can allocate funds from a cybersecurity budget much more easily by grouping them into three areas: prevention, which should receive about 50% of the budget; detection and response, which should get 30%; and business continuity and disaster recovery, which should receive the remaining 20%. "Training falls on multiple departments, so it should be a shared budget across the organization on awareness and HIPAA training," Mookencherry says.
Facebook focused on developing artificial intelligence technology five years ago and has used the tech to enhance search capabilities, detect objectionable content and automatically create descriptions of photos for visually impaired users. Amid the current turmoil the company faces, Facebook is aiming to develop AI that is even better at detecting inappropriate posts or posts that contain false information at an even higher rate than it already does.
A draft report by the National Institute of Standards and Technology describes 11 cybersecurity threats to mobile devices and seven areas of potential vulnerability related to public safety wearables. The report also raises concerns about malicious use of wireless device tracking and susceptibility among devices to wireless jamming.
A hacker group based in Nigeria has been targeting chief financial officers around the world with a scam in which fraudsters identify themselves as company insiders and request a transfer of funds. This type of scam led to more than $12 billion in losses for businesses between October 2013 and May 2018, the FBI estimates.
Symantec has released a new tool that uses artificial intelligence to help detect potential cyberattacks on infrastructure. The tool targets potential threats to critical infrastructure such as energy grids and transportation systems that are accidentally introduced during updates.
Because cybercriminals' activities have become increasingly sophisticated, one expert says that cybercrimes, and especially financial scams, have risen sharply in 2018. "Criminals are no longer just getting the email credentials of a person in the company, they are now monitoring their email and communication style in order to send a phishing email that is hard to detect as being fraudulent," says Jeremy Barnett of NAS Insurance, suggesting that companies put steps in place to prevent phishing scams.
Jask, a cybersecurity startup, and Exclusive Group, a global, security-only distributor, have signed a distribution deal to expand Jask's technology globally. The first areas of distribution in the deal will be Belgium, the Netherlands and Luxembourg; the Nordics; and the US with more areas to be rolled out shortly.