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A New Industrial Hack Highlights the Cyber Holes in Our Infrastructure

Freshly discovered malware called Triton can compromise safety systems that control many kinds of industrial processes.

For years, security experts have been warning that hackers can disable systems that control critical infrastructure we all rely on, such as dams and power plants. Now researchers at Mandiant, which is part of the security firm FireEye, have revealed that a new form of malware, dubbed Triton, closed down the operations of a business in the Middle East belonging to Schneider Electric, a French company. The researchers say that they haven’t attributed the hack to a particular attacker, but they do say it bore hallmarks of threats from a nation-state.

Triton appears to have targeted a so-called safety instrumented system, or SIS, which monitors the operation of a physical process using sensors and acoustics. By taking control of it, hackers can destroy or damage the process the SIS is monitoring by tricking it into thinking everything’s normal, when in fact the process is operating at unsafe levels.

India’s grasp on IT jobs is loosening up. Is artificial intelligence to blame?

When Kumar lost his job, he became part of a wave of layoffs washing through the Indian IT industry—a term that includes, in its vastness, call centers, engineering services, business process outsourcing firms, and infrastructure management and software companies. The recent layoffs are part of the industry’s most significant period of churn since it began to boom two decades ago. Companies don’t necessarily attribute these layoffs directly to automation, but at the same time, they constantly identify automation as the spark for huge changes in the industry. Bots, machine learning, and algorithms that robotically execute processes are rendering old skills redundant, recasting the idea of work and making a smaller labor force seem likely.


Technology outsourcing has been India’s only reliable job creator in the past 30 years. Now artificial intelligence threatens to wipe out those gains.

The outdated practice of Quarterly Earnings Guidance — By Sakis Kotsantonis | LinkedIn

“We found that guidance policy had no effect on valuation whatsoever. As for the claim that it reduces volatility, we found that the opposite is true, companies offering annual range EPS guidance over the same period experienced lower volatility around earnings reporting periods when compared with those that issued quarterly guidance.”

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If We Let China or Russia Win the Artificial Intelligence Race, We’re ‘SOL’ – Mark Cuban

Billionaire tech entrepreneur Mark Cuban has seen a ton of change since he first got in the technology business in 1982, but he argues that artificial intelligence (AI) is going to “change everything, 180 degrees.”

He warns that if the U.S. allows other countries to take the lead in AI, then it’ll be “SOL,” an acronym that employs profanity to communicate urgency.

“All these things have happened that have changed how we do business, changed how we lived our lives, changed everything, right, the internet. But what we’re going to see with artificial intelligence dwarfs all of that,” Cuban said in an interview with hedge fund manager J. Kyle Bass of Hayman Capital on RealVision Television, a subscription financial video service.

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