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Analysis

  • Cyber Security: Captain Wanted (Update)

    One can have varying degrees of concern over “cyber” terrorism or how badly we might suffer were someone to go EBO on us, but I think we can all agree that while planning may continue, a rudderless ship is still unlikely to reach its destination. We have been hearing about what a high priority this…

  • The Lab No One Ever Heard Of

    Ha! Aha! Ahahahahahahaha! DIA’s approach [to organizational change was] based on three principles. First, the agency discovered that any mechanism to facilitate change must be positioned outside DIA’s business units and must have the protection of top leadership. Second, it saw that structuring this mechanism should be done through raids – short-term pilot projects – instead of…

  • Monday Quick Hits

    Quick turn around back to DC so enjoy these tidbits while I try to carve out some time for something more substantial: The War on Terror just got a lot harder, thanks to our “ally” Another data point on the generally bizarre clearance process. Still more details on why the SSCI report is at best…

  • It’s Academic

    I can now join the TSA queue and prepare for my probing with a smile knowing that my latest Standard piece is available for your reading pleasure.  Thanks to Tom for the shout-out. Folks, if you think the SSCI report is anything but a political tool, you are deluding yourself. Should we expect more? Perhaps if…

  • Intel Sharing: Get On With It

    A bipartisan group of senators is urging John Negroponte, the director of national intelligence, to see to it that an information-sharing implementation plan, as required by the Intelligence Reform and Terrorism Prevention Act of 2004, is submitted to Congress without further delay. The plan was due in July I think, and they can’t seem to…

  • Far Reaching Indeed

    H/T: Michael Rubin at The Corner Two basic urges meet head-on in this area, and conflict is inherent in this collision of interests. These urges reveal themselves in daily news accounts of killings and terrorism, of pressure groups in opposition, and of raw nationalism and naked expansionism masquerading as diplomatic maneuvers. The urges tie together…

  • Timeframe

    If you’ve been tracking the discussion about Iraqi documents you know that my position is that we are a long way from getting to the bottom of this situation. How long? You might consider the length of time it took to come to this conclusion about another situation related to Iraq. You might also note…

  • You’re in Good Hands

    CIA counterterrorism officers have signed up in growing numbers for a government-reimbursed, private insurance plan that would pay their civil judgments and legal expenses if they are sued or charged with criminal wrongdoing, according to current and former intelligence officials and others with knowledge of the program. The new enrollments reflect heightened anxiety at the…

  • Not Forgetting

    The imagery . . . . . . or the memories . . .

  • SSCI Report Quick Take (Running Updates)

    150+ pages is a lot to go over with a day job, so I’ll take a meta-view by focusing on the Conclusions . . . My problem with all of these reports is highlighted in the first paragraph of Section II, when they invoke “The Comprehensive Report of the Special Advisor ….” My dictionary defines…

  • Oy Vey! Some Conspiracy

    A former Pentagon analyst who passed highly classified intelligence to two Chinese military officers was sentenced to three months in prison yesterday — far shy of four to five years called for in sentencing guidelines. His excuses sound eerily similar to those given by Jonathan Pollard when he passed classified to the Israelis (he got…

  • Getting Serious About Winning

    FIVE YEARS AFTER the attacks of September 11, 2001, we face many threats at home and abroad, yet our response has been mostly superficial and expedient. One is left to wonder: Are we serious about winning this fight? So begins my latest piece at The Daily Standard. As one friend jokingly put it, “so this…

  • An Info Op

    ABC’s upcoming five-hour docudrama “The Path to 9/11” is quickly becoming a political cause célèbre. […] After a screening of the first episode in Washington last week, some audience members attacked the film’s depiction of the Clinton administration’s pursuit of Osama bin Laden. Among those unhappy was Richard Ben-Veniste, an attorney and member of the…

  • 9/11 Redux

    A nice analysis of the airborne terror threat then and now by Shane Harris in National Journal. The broad point to take away is the value of defense-in-depth, or layers of security that (hopefully) are designed to catch those bits that fall through the cracks. For you INFOSEC folks this is nothing new, but all…

  • Some Considerations

    Listening to snippets of the AG and President about the new CT strategy throughout the day brought to mind three things: The first is that it is nice to see that someone has finally dusted off and started reading all those assessment my colleagues and I wrote about terrorism and the ‘Net not that we were the…

Briefs

  • Zyxel Urges Customers to Patch Firewalls Against Exploited Vulnerabilities

    Zyxel, a networking device manufacturer based in Taiwan, is urging customers to update the firmware of certain firewall devices to protect against recently patched vulnerabilities. The vulnerabilities, tracked as CVE-2023-28771, CVE-2023-33009, and CVE-2023-33010, can lead to OS command execution, remote code execution, and denial-of-service attacks. Zyxel released patches for these vulnerabilities after they were discovered…

  • Gigabyte Rolls Out BIOS Updates to Remove Backdoor From Motherboards

    Gigabyte, a Taiwanese computer components manufacturer, has announced BIOS updates to address a recently discovered backdoor feature in hundreds of its motherboards. The issue, brought to light by security firm Eclypsium, involved the firmware of over 270 Gigabyte motherboards containing a Windows binary executed at boot-up to fetch and execute a payload from Gigabyte’s servers.…

  • ‘Google Search, Amazon will end if…,’ Bill Gates on Artificial intelligence

    Microsoft co-founder Bill Gates has predicted the end of the likes of Google Search and Amazon if artificial intelligence continues to evolve at the current pace. In an AI Forward event in 2023, hosted by Goldman Sachs and SV Angel, the billionaires said if a new AI tool reads human thinking patterns, needs, and feelings,…

  • The 15 Biggest Risks Of Artificial Intelligence

    As the world witnesses unprecedented growth in artificial intelligence (AI) technologies, it’s essential to consider the potential risks and challenges associated with their widespread adoption. AI does present some significant dangers — from job displacement to security and privacy concerns — and encouraging awareness of issues helps us engage in conversations about AI’s legal, ethical,…

  • OpenAI gets warning from Japanese regulators on data collecting

    Officials in Japan are beginning to tighten their stance toward artificial intelligence (AI) after the country’s local privacy watchdog warned ChatGPT’s parent company about its data collection methods. On June 2, Japan’s Personal Information Protection Commission issued a statement asking OpenAI to minimize the sensitive data it collects for machine learning purposes. Additionally, it stresses not…

  • Air Force colonel backtracks over his warning about how AI could go rogue and kill its human operators

    Killer AI is on the minds of US Air Force leaders. An Air Force colonel who oversees AI testing used what he now says is a hypothetical to describe a military AI going rogue and killing its human operator in a simulation in a presentation at a professional conference. But after reports of the talk emerged Thursday,…

  • Wave of Employer ChatGPT Bans Continues as Apple Restricts Internal Use of AI Tools

    Fortune 500 companies continue to demonstrate extreme wariness of “AI chatbots” and similar AI tools in the workplace, as Apple has banned employees from using ChatGPT on work devices. An internal report claims that the ChatGPT ban was actually implemented months ago, and that the company has issued similar prohibitions for tools like GitHub’s CoPilot.…

  • Information of 2.5M People Stolen in Ransomware Attack at Massachusetts Health Insurer

    Point32Health is the second-largest health insurer in Massachusetts. The company revealed that 2.5 million Harvard Pilgrim Health Care customers were affected by a recent ransomware attack. Hackers exfiltrated files with customers’ names, addresses, Social Security numbers, health insurance information, tax information, and comprehensive medical histories. Point31Health has not fully restored the Harvard Pilgrim Health Care…

  • Zero-Day in MOVEit File Transfer Software Exploited to Steal Data From Organizations

    Progress Software announced on May 31 that its MOVEit Transfer managed file transfer (MFT) software is susceptible to a SQL injection vulnerability. Attackers can obtain information regarding the structure and contents of the database and run SQL commands to remove or modify particular elements. The vulnerability differs depending on the database engine (MySQL, Microsoft SQL Server,…

  • Enzo Biochem Ransomware Attack Exposes Information of 2.5M Individuals

    Enzo Biochem revealed that a recent ransomware attack compromised the clinical test information of 2.47 million people. The biotechnology company said the attack occurred on April 6 in its filing with the US Securities and Exchange Commission (SEC). An internal investigation concluded that hackers stole numerous people’s identities and clinical data, as well as 600,000 Social…

  • Apple Denies Helping US Government Hack Russian iPhones

    The Russian Federal Security Service (FSB) accused Apple of assisting US intelligence services in spying on Russia, China, Israel, and various NATO countries. Apple responded it never collaborated with any government to insert backdoors into its products. This dispute erupted after Russian cybersecurity firm Kaspersky discovered compromised iPhones on its internal network. The firm claims an…

  • Suspended talks, sanctions, fighting in Sudan

    Sudan’s conflict is continuing into its seventh continuous week and fighting has propelled the nation into an all-out war. Fighting between dueling generals from the Sudanese army and its rival paramilitary Rapid Support Forces broke out on April 15 and has continued to escalate. The country is in a humanitarian crisis with over 1,800 people…

  • Pakistan inflation hits record for second consecutive month

    Pakistan’s annual inflation rate has hit 37.97% in May according to the statistics bureau, a national record for the second month in a row. The announcement on Tuesday worsens the economic crisis in the country as bailout talks with the International Monetary Fund remain stalled and there is a risk of defaulting on debts. The…

  • At least 9 killed in Senegal protests following opposition leader’s jail sentence

    At least nine people have been killed in protests after the sentencing of opposition leader Ousmane Sonko on Thursday. The protests have occurred in Senegal’s capital Dakar and other cities. Sonko was sentenced tot two years in prison, which could jeopardize his ability to run in the presidential race next year. The court also found…

  • Shelling in Russian border region kills two, governor says

    Two women have been killed by shelling in the Russian border region of Belgorod according to the region’s governor. The overnight drone attack and shelling also damaged buildings in the neighboring Bryansk and Kursk regions.Ukrainian officials have not commented so far. Previously, Kyiv has denied involvement in other attacks across the border, which it claimed…

  • We need to refine and secure AI, not turn our backs on the technology

    As Baldur Bjarnason’s new book eloquently explains, the concept of “poisoning” AI models brings to light the rising challenges in the realm of AI ethics and security. This complex conversation has become both daunting and intriguing, stirring the murky waters of technological evolution and its subsequent ethical conundrums. In a broader sense, the prospect of ChatGPT…

  • AI Deepfakes of True-Crime Victims Are a Waking Nightmare

    “Grandma locked me in an oven at 230 degrees when I was just 21 months old,” the cherubic baby with giant blue eyes and a floral headband says in the TikTok video. The baby, who speaks in an adorably childish voice atop the plaintive melody of Dylan Mathew‘s “Love Is Gone,” identifies herself as Rody…

  • US Debt Ceiling Bill Passes After Withdrawing Crypto Tax

    In a dramatic turn, the United States debt ceiling bill recently received approval from the House, effectively sidestepping the contentious topic of crypto taxation. Initially met with significant pushback from President Joe Biden and other quarters due to perceived benefits to wealthy tax evaders and cryptocurrency traders, the bill eventually secured sufficient backing. With the…

  • AI Is Writing Code Now. For Companies, That Is Good and Bad

    Generative AI coding tools promise huge efficiency gains for developers, but some tech leaders fear the consequences of spawning too much code too fast. IT leaders at United Airlines, Johnson & Johnson, Visa, Cardinal Health, Goldman Sachs and other companies say they are excited about generative AI’s potential to automate certain parts of the code-writing process…

  • 5 ChatGPT chrome extensions to enhance productivity

    To increase productivity and simplify numerous tasks, Chrome extensions serve as add-ons that may be installed in the Google Chrome web browser. Users can enjoy a more effective and convenient browsing experience thanks to these extensions’ added features and capabilities. The value of Chrome extensions and significance stems from their capacity to streamline processes, reduce…

  • Haiti vigilante push ‘symptomatic’ of state’s failures: Advocates

    In Haiti, a grassroots vigilante movement called “Bwa Kale” has emerged as citizens take matters into their own hands to combat gang violence. Suspected gang members have been chased, beaten, decapitated, and burned alive by the vigilantes, resulting in a decrease in kidnappings, killings, and other forms of violence. However, human rights groups emphasize that…

  • Ben Roberts-Smith: Top Australian soldier loses war crimes defamation case

    Australia’s decorated soldier Ben Roberts-Smith has lost a defamation case against three newspapers that accused him of war crimes in Afghanistan. The judge ruled that four of the six murder allegations were substantially true, including kicking a farmer off a cliff and shooting a captured Taliban fighter multiple times. While two murder allegations and reports…

  • NATO is in a race against time to save itself from a major embarrassment

    NATO is racing against time to avoid the embarrassment of Sweden missing its deadline for admission to the alliance. Turkey, a strategically important NATO member, is blocking Sweden’s accession due to concerns about Sweden’s perceived support for Kurdish terror groups and alleged complicity in anti-Turkish protests. Missing the deadline could send a dangerous message to…

  • Xi Jinping tells China’s national security chiefs to prepare for ‘worst case’ scenarios

    Chinese leader Xi Jinping has called on national security officials to prepare for worst-case scenarios and be ready to face challenges. Xi emphasized the increased complexity and difficulty of national security issues and urged a focus on making the national security system more effective. China has been expanding its concept of national security, covering various…

  • Zyxel Customers Urged to Patch Exploited Bug

    Zyxel networking device users are being urged to update their firewalls and VPNs due to active exploitation of a vulnerability (CVE-2023-28771) that enables remote code execution. The flaw affects Zyxel’s ATP, USG Flex, VPN, and ZyWall/USG products and allows attackers to execute OS commands remotely. The vulnerability is being widely exploited to compromise devices and…

  • HMRC in New Tax Credits Scam Warning

    The UK’s tax office, HM Revenue and Customs (HMRC), has warned customers claiming tax credits about new scams targeting their personal and financial information. Fraudsters are using tactics such as posing as HMRC officials and creating a sense of urgency to trick claimants into giving money or sensitive data. Scams may involve phishing emails or…

  • Chrome 114 Released With 18 Security Fixes

    Google has released Chrome 114 with 18 security fixes, including 13 vulnerabilities reported by external researchers. Among these, eight are rated as ‘high’ severity, with the most significant being an out-of-bounds write issue in Swiftshader (CVE-2023-2929), which earned a $15,000 bug bounty for the researcher. Other high-severity flaws include a use-after-free bug in Extensions (CVE-2023-2930)…

  • Amazon Settles Ring Customer Spying Complaint

    Amazon has agreed to pay $30.8 million to settle privacy complaints related to its Ring home security cameras and Alexa smart speakers. The Federal Trade Commission accused Ring of failing to implement sufficient security measures, leading to privacy violations such as employees spying on female customers. The settlement requires Ring to delete unlawfully accessed data…

  • The Future Of Generative AI Beyond ChatGPT

    Generative tools like ChatGPT and Stable Diffusion have got everyone talking about artificial intelligence (AI) – but where is it headed next? It’s already clear that this exciting technology will have a big impact on the way we live and work. UK energy provider Octopus Energy has said that 44% of its customer service emails are…

  • ChatGPT’s Riskiness Splits Biden Administration on EU’s AI Rules

    Biden administration officials are divided over how aggressively new artificial intelligence tools should be regulated — and their differences are playing out this week in Sweden. Some White House and Commerce Department officials support the strong measures proposed by the European Union for AI products such as ChatGPT and Dall-E, people involved in the discussions…

  • North Korea’s first spy satellite launch ends in failure and promise to send up another

    North Korea’s first spy satellite launch has ended in failure after its second stage malfunctioned, sending the projectile plunging into the sea, with the regime vowing to conduct another launch soon. The launch sparked emergency warnings on the southern Japanese island of Okinawa and in the South Korean capital Seoul, where the city briefly issued…

  • The Power of AI: Why Nvidia became the first chipmaking company to enter $1 trillion club

    Nvidia on Tuesday became the first chipmaking company to enter the elite $1 trillion club. The past three trading sessions on Wall Street have seen Nvidia stock rise more than 31 per cent including a three per cent gain on Tuesday – though its market cap soon fell below that $1 trillion mark. Apple, Alphabet,…

  • China warns of artificial intelligence risks, calls for beefed-up national security measures

    China’s ruling Communist Party has warned of the risks posed by advances in artificial intelligence while calling for heightened national security measures. The statement issued after a meeting Tuesday chaired by party leader and President Xi Jinping underscores the tension between the government’s determination to seize global leadership in cutting-edge technology and concerns about the…

  • Ukraine war: The mothers going to get their children back from Russia

    During the Russian invasion of Ukraine, 13 children with special educational needs were taken from their school by armed Russian soldiers and disappeared for weeks. The children were finally allowed to call home from Russian-occupied territory. To get them back, their relatives had to make grueling journeys into the country that declared war on Ukraine.…

  • North Korea says satellite launch fails, plans to try again

    North Korea’s attempt to launch a military reconnaissance satellite into space failed due to a malfunction in the rocket’s second stage, according to the state-run Korean Central News Agency (KCNA). The report cited low reliability and stability of the engine system and unstable fuel as the reasons for the mission’s failure. North Korea’s National Space…

  • Kosovo Prime Minister says he will not surrender country to Serbian ‘fascist militia’ after clashes in north

    Kosovo’s Prime Minister Albin Kurti stated that he would not surrender the country to a Serbian “fascist militia” following violent protests in the north over the installation of ethnically Albanian mayors. Clash occurred between NATO peacekeepers and Serbian demonstrators who tried to block the newly elected mayors from taking office in the municipality of Zvecan.…

  • Sentences for Milosevic allies extended in ‘milestone’ ruling

    Former allies of Serbian President Slobodan Milosevic, Jovica Stanisic and Franko Simatovic, have had their convictions expanded by United Nations judges. They were sentenced to 15 years for their involvement in crimes during the Balkan wars of the 1990s. The International Residual Mechanism for Criminal Tribunals overturned their acquittals for crimes in Bosnian and Croatian…

  • Organizations Warned of Backdoor Feature in Hundreds of Gigabyte Motherboards

    Researchers at Eclypsium have discovered that numerous motherboard models produced by Gigabyte, a major Taiwanese computer components manufacturer, contain a backdoor functionality that poses a significant risk to organizations. The backdoor, found in the firmware of many Gigabyte systems, drops a Windows binary during boot-up, which downloads and executes another payload from Gigabyte servers over…

  • Salesforce ‘Ghost Sites’ Expose Sensitive Corporate Data

    Companies that move away from Salesforce often forget to deactivate their sites, leading to the creation of “ghost sites” that contain sensitive corporate, vendor, and user data. These abandoned Communities within Salesforce environments can expose valuable information when administrators fail to remove or properly secure the data. Ghost sites can be identified using tools that…

  • 9M Dental Patients Affected by LockBit Attack on MCNA

    A US government-sponsored dental healthcare provider, MCNA Dental, has alerted its nearly 9 million clients that their personal and medical data was exposed in a LockBit ransomware attack earlier this year. The breach resulted in the theft of sensitive information, including patient names, addresses, dates of birth, phone numbers, email addresses, Social Security numbers, driver’s…

  • Generative AI: The new attack vector for trust and safety

    Threat actors are leveraging generative AI to carry out various forms of abuse, including child sex abuse material (CSAM), disinformation, fraud, and extremism, warns ActiveFence. The use of generative AI enables these actors to accelerate and amplify their operations, leading to a significant increase in the production of malicious content. Concerns arise from the exploitation…

  • Amex planning to use AI for ‘approving cards and lines of credit’

    Financial services titan American Express (Amex) plans to use artificial intelligence (AI) services to validate transactions, approve lines of credit, analyze customer sentiment and predict customer finances. Despite these aspirations, a recent report from VentureBeat indicates that Amex currently has no intention of rolling up its own large language model (LLM) to compete with the…

  • China launches new crew for space station, with eye to putting astronauts on moon before 2030

    China launched a new three-person crew for its orbiting space station on Tuesday, with an eye to putting astronauts on the moon before the end of the decade. The Shenzhou 16 spacecraft lifted off from the Jiuquan launch center on the edge of the Gobi Desert in northwestern China atop a Long March 2-F rocket just…

  • How To Defend Your AI Models

    On one side, the rise of SaaS LLMs (ChatGPT, GPT-4, Bing with AI, Bard) makes this a third-party risk management problem for security teams. And that’s great news, because it’s rare that third parties lead to breaches … ahem. Hope you caught the sarcasm there. Security pros should expect their company to buy — or…

  • Nvidia Unveils AI-Powered Tech That Could Automate Many Aspects Of Game Development

    Many major players in the video game industry have embraced the possibilities of generative AI, especially the technology has grown more mainstream in recent months. At a keynote earlier this month, Nvidia unveiled a suite of AI-powered tools for creating NPCs that it’s calling Nvidia Avatar Cloud Engine (ACE). Described as a “custom AI model…

  • Artificial intelligence could lead to extinction, experts warn

    Artificial intelligence could lead to the extinction of humanity, experts – including the heads of OpenAI and Google Deepmind – have warned. Dozens have supported a statement published on the webpage of the Centre for AI Safety. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and…

  • Dark Web Data Leak Exposes RaidForums Members

    VX-Underground researchers assessed that 478,000 RaidForums members were exposed to another hacking site. RaidForums was a well-known marketplace for hackers to buy and sell stolen data. In 2022, the Department of Justice shut down the site and filed criminal charges against RaidForums’ founder and chief administrator. RaidForums hosted numerous high-profile data breaches, including 40 million user…

  • Denmark boosts military spending, announces more aid for Ukraine

    Denmark, a NATO member, plans to invest 143 billion Danish crowns ($21 billion) in defense over the next decade. The increased spending aims to meet military and security goals and address shortcomings in defense capabilities, particularly in light of Russia’s invasion of Ukraine. The government also announced an additional 21.9 billion Danish crowns ($3.16 billion)…

  • Dozens of NATO peacekeepers injured during clashes in northern Kosovo

    Clashes between protesters and NATO’s peacekeeping mission in Kosovo left at least 34 soldiers injured, according to the Italian defense ministry. The tensions escalated after ethnically Albanian mayors took office in the majority Kosovo Serb area, leading to increased violence. Protesters threw Molotov cocktails and other objects at the peacekeeping troops, causing injuries including fractures…

  • Covid: Top Chinese scientist says don’t rule out lab leak

    A former top Chinese government scientist, Prof George Gao, has stated that the possibility of the COVID-19 virus leaking from a laboratory should not be dismissed. Prof Gao, who previously headed China’s Centre for Disease Control, played a significant role in the pandemic response. While China’s government denies any suggestion of a lab origin in…

  • Moscow drone attack: Russia accuses Ukraine of ‘terrorist’ strike

    Russia has accused Ukraine of carrying out a drone attack on Moscow, marking the first time the city has been targeted by multiple drones since the invasion of Ukraine. The Russian defense ministry claimed that at least eight drones caused minor damage in what they called a “terrorist attack.” Moscow Mayor Sergei Sobyanin confirmed that…

  • New Mirai Variant Campaigns are Targeting IoT Devices

    Unit 42 researchers discovered new malicious activity targeting IoT devices. Using Mirai, a malware capable of turning Linux-based devices into remotely controlled bots, hackers can orchestrate larger attacks. This variant of Mirai, dubbed IZ1H9, was first uncovered in August 2018 and has been frequently utilized since. The research team observed a wave of malicious campaigns…

  • Personal Information of 9 Million Individuals Stolen in MCNA Ransomware Attack

    MCNA Insurance Company and Managed Care of North America is one of the largest dental benefits managers in the United States. The company has started sending notification letters to over nine million users impacted by a data breach earlier this year. The attack occurred between February 26 and March 7 and targeted Medicaid and Children’s…

  • Many Vulnerabilities Found in PrinterLogic Enterprise Software

    PrinterLogic’s enterprise management solution allows organizations to manage multiple printers from a single console. Security researchers at Seek discovered numerous weaknesses in the software that could put organizations at risk. Analysis of the PrinterLogic Saas platform and the Virtual Appliance on PrinterLogic’s website revealed 18 distinct vulnerabilities. The platform is most susceptible to an authentication…

  • Nvidia introduces AI supercomputer to create ChatGPT successors

    Nvidia continues to push forward in the race to develop artificial intelligence (AI) tools and applications as the company revealed plans to release more AI products. Speaking at the Computex show in Taiwan on May 28, Nvidia CEO Jensen Huang unveiled a new AI supercomputer platform called DGX GH200. The supercomputer’s primary purpose is to aid…

  • Environmental impact of AI: Pioneering solutions for a sustainable future

    The past several years have seen artificial intelligence (AI) emerge as a global transformative force possessing the power to revolutionize several industries. From autonomous vehicles to smart home devices, AI-driven solutions have permeated various aspects of our lives, promising increased efficiency and convenience. However, alongside these advancements, the environmental impact of AI has also come under…

  • Flash loan attack on Jimbos Protocol steals over $7.5 million

    Jimbos Protocol, an Arbitrum-based DeFi project, has suffered a flash loan attack that resulted in the loss of more than of 4000 ETH tokens, currently valued at over $7,500,000. The company disclosed the attack on Twitter yesterday, saying that law enforcement have been notified and it is working with security professionals to remediate the situation. The…

  • Nvidia chief Jensen Huang says AI is creating a ‘new computing era’

    Nvidia’s chief executive hailed a new era of computing in which “everyone is a programmer”, as the world’s most valuable semiconductor group unveiled a new supercomputer platform to stay at the forefront of the artificial intelligence revolution. Jensen Huang warned in a speech in Taiwan that the traditional tech industry would not keep pace with…

  • Lawyer apologizes for fake court citations from ChatGPT

    The meteoric rise of ChatGPT is shaking up multiple industries – including law, as one attorney recently found out. Roberto Mata sued Avianca airlines for injuries he says he sustained from a serving cart while on the airline in 2019, claiming negligence by an employee. Steven Schwartz, an attorney with Levidow, Levidow & Oberman and licensed…

  • Will Banks Drive Blockchain’s AI Transformation?

    Investment bank Goldman Sachs and Microsoft want to boost Web3 uptake on the Canton blockchain through artificial intelligence (AI). The duo joins traditional finance (TradFi) giants Deloitte, S&P Global, Moody’s, BNP Paribas, and Cboe Global Markets in building infrastructure during the crypto bear market. The recently-released Canton Network links the trading platforms of Goldman and Deutsche…

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