Lifeboat Foundation

Millions of faces and car license plates were stored in a sizable Chinese database that was publicly accessible for months before it was silently removed in August.

A tech business called Xinai Electronics with headquarters in Hangzhou on China’s east coast is the owner of the disclosed data. In China, the firm creates systems for regulating entry for people and cars to workplaces, schools, construction sites, and parking lots. Its website boasts the use of facial recognition for a variety of uses beyond building access, including personnel management, such as payroll, monitoring employee attendance and performance, while its cloud-based vehicle license plate recognition system enables drivers to pay for parking in unattended garages that are managed by staff remotely.

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Facebook (now Meta) popularized the Silicon Valley ethos with the saying “Move fast and break things”. This approach might have worked when disrupting the social media business, but it’s causing all sorts of problems for them as well as other major AI players. Breaking things and moving fast might be the reason why so many AI projects are failing. According to an MIT study, over 85% of AI projects fail to deliver their stated objectives, and 70% of data science projects never make it to fruition. Clearly moving fast and breaking things doesn’t work if you’re not getting closer to success.

There’s a difference between Iterating to Success and Breaking Things.

Early AI winners align organizational and business strategies to build value and manage risk.

As the world increasingly embraces Web3, corporations are turning to metaverse applications to stay ahead of the curve. Based on Verified Market Research, the Metaverse market is anticipated to expand at a CAGR of 39.1 percent from 2022 to 2030, reaching USD 824.53 Billion in 2020 and USD 27.21 Billion in 2020. This is due to the increasing demand for AR/VR content and gaming and the need for more realistic and interactive training simulations.

These startups show Proof of Concept with a working product and clear value proposition for businesses and consumers.

● Launch a corporate accelerator: Another way to increase your exposure to the Metaverse is to launch a corporate accelerator. This will give you access to a broader range of startups and help you build a more diverse portfolio. In addition, it will allow you to offer mentorship and resources to the startups you invest in.

Continue reading “A Case Study For The Industry: LG Investing In Metaverse” »

The CHIPS Act of 2022 was signed into law on Aug. 9. It provides tens of billions of dollars in public support for revitalization of domestic semiconductor manufacturing, workforce training, and “leap ahead” wireless technology. Because we outsource most of our device fabrication — including the chips that go into the Navy’s submarines and ships, the Army’s jeeps and tanks, military drones and satellites — our industrial base has become weak and shallow. The first order of business for the CHIPS Act is to address a serious deficit in our domestic production capacity.

Notoriously absent from the language of the bill is any mention of chip security. Consequently, the U.S. is about to make the same mistake with microelectronics that we made with digital networks and software applications: Unless and until the government demands in-device security, our competitors will have an easy time of manipulating how chips function and behave. Nowhere is this more dangerous than our national security infrastructure.

In the years ahead, technology will continue to evolve, and it will become harder to identify deepfakes. Indeed, as people and businesses take to the metaverse and the Web3, it’s likely that avatars will be used to access and consume a broad range of services. Unless adequate protections are put in place, these digitally native avatars will likely prove easier to fake than human beings.

However, just as technology will advance to exploit this, it will also advance to detect it. For their part, security teams should look to stay up to date on new advances in detection and other innovative technologies to help combat this threat. The direction of travel for deepfakes is clear, businesses should start preparing now.

David Fairman is the chief information officer and chief security officer of APAC at Netskope.

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We’re in the midst of a data revolution. The volume of digital data created within the next five years will total twice the amount produced so far — and unstructured data will define this new era of digital experiences.

Unstructured data — information that doesn’t follow conventional models or fit into structured database formats — represents more than 80% of all new enterprise data. To prepare for this shift, companies are finding innovative ways to manage, analyze and maximize the use of data in everything from business analytics to artificial intelligence (AI). But decision-makers are also running into an age-old problem: How do you maintain and improve the quality of massive, unwieldy datasets?

The perfect helping hand you need to start and run your business!

The fintech company Workhy effortlessly completes incorporation procedures online and provides financial process management services for entrepreneurs worldwide.

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Lawyers representing Elon Musk in his battle with Twitter have former CEO Jack Dorsey. The filing is the latest development as Musk and Twitter prepare for the October trial over Musk’s attempt to bail on his $44 billion deal to buy the company.

It’s not yet clear how Dorsey factors in to Musk’s legal strategy. As noted by the y Twitter account, the subpoena refers to “documents and communications reflecting, referring to, or relating to the impact or effect of false or spam accounts on Twitter’s business operations.” It also references documents related to how Twitter uses mDAU or monetizable daily active users as a “key metric.” Interestingly, it “documents relating to incorporating mDAU into executive or director compensation.”

Dorsey isn’t the only former Twitter executive subpoenaed by Musk. Twitter’s product chief and former head of revenue Bruce Falck have also received subpoenas.

Microsoft has shut down more than 1,400 malicious email accounts used by cybercriminals to collect stolen customer passwords via ransomware in the past year. The technology company has presented the second edition of ‘Cyber Signals’, a report that it produces periodically on cyber threats and that shows trends in security and cybercrime. In this issue, it offers insight into the evolution of extortion in cybercrime.

In this analysis, the company highlights that the specialization and consolidation of cybercrime have driven ransomware as a service (RaaS), which has become a dominant business model. RaaS programs, such as Conti or REvil, offer cybercriminals the opportunity to buy access to both ransomware payloads, leaked data and payment infrastructure.

Continue reading “Microsoft shuts down over 1,400 email accounts and 531,000 URLs used by ransomware gang that collected stolen customer credentials” »