First a little background. One of the main uses of cryptocurrency – not the only use – is to monetize crime. Most ransomware payments are done via cryptocurrency. There are other, legitimate uses, but they are dwarfed by the illegal uses. To the tune of tens of billions of dollars of criminal activity a year. […]
Continue reading → [DISPLAY_ACURAX_ICONS]Cyberattack Ramifications: Chain Closes ALL STORES to Contain Attack Canadian pharmacy chain London Drugs has closed all stores to contain a cyberattack. While many stores stop accepting online orders or credit cards after a cyberattack, it is very rare to see a company stop doing business until further notice. However, they have not notified authorities […]
Continue reading → [DISPLAY_ACURAX_ICONS]Shoddy security practices. Short of cash. Lack of personnel to deal with threats. Outdated equipment connected to the Internet. Weak passwords. CISA and the FBI say these are just some of the issues that critical infrastructure operators are facing. Anti U.S. (pro-Russian) hackers are intensifying attacks on critical infrastructure such as water, wastewater, dams, energy […]
Continue reading → [DISPLAY_ACURAX_ICONS]Who would have guessed? Researchers at the University of Illinois Urbana-Champaign (UIUC) fed AI agents vague descriptions of more than a dozen unpatched vulnerabilities. The agent they created with GPT-4 exploited 87 percent of those vulnerabilities. Fourteen other agents made with lesser tools like GPT 3.5 and Metasploit failed. The researchers said that GPT-4 was […]
Continue reading → [DISPLAY_ACURAX_ICONS]Feds Give Another Chip Maker Subsidy to Build in US Last week the feds announced a subsidy to Taiwan Semi to build multiple chip plants (fabs) in Arizona. This week the feds announced, based on last year’s CHIPS Act, a subsidy to Samsung to build multiple plants in Texas. This creates a lot of construction […]
Continue reading → [DISPLAY_ACURAX_ICONS]The cyber safety review board is similar to the FAA’s National Transportation Safety Board, except that they are investigating Cybersecurity crashes (breaches) rather than airplane or container ship crashes. The board is new. It was created by Executive Order 14028 in 2021. They only convene when requested to by the Secretary of Homeland Security and, […]
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