The Federal Communications Commission (FCC) took its first-ever steps to crack down on text-message scams this week, imposing new regulations on mobile phone service providers. Under the new FCC rules announced Thursday, mobile service providers are required to block certain robotext messages that are considered “highly likely to be illegal.” These likely-illegal text messengers come from…
Microsoft Windows Users Advised to Update Computers Now
A federal cybersecurity agency this week advised users and administrators to update Microsoft Windows due to “multiple vulnerabilities” that can allow “an attacker can exploit some of these vulnerabilities to take control of an affected system.” The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency wrote on March 14 that it “encourages users and administrators to…
New Zealand Bans TikTok From Parliamentary Devices, Citing ‘Unacceptable’ Risks
New Zealand has moved to ban the Chinese-owned social media app TikTok from all parliamentary devices, citing the “unacceptable” level of risks posed by the popular video app. Parliamentary Service Chief Executive Rafael Gonzalez-Montero said on Friday that TikTok—owned by Beijing-based firm ByteDance—would be removed from “all devices with access to the parliamentary network.” However,…
Fed Announces Launch of ‘FedNow’ Real-Time Payment System, Sparking Debate
The Federal Reserve has announced a timeline for the launch of its long-awaited FedNow payment service that will let banks offer customers instantly available funds and execute real-time payments, with critics flagging concerns like lack of cross-border payment processing and raising questions about surveillance. The Fed announced on Wednesday that it will begin formal certification…
Tesla’s Plans for Zero Rare Earth EV Motor Could Undermine Beijing’s Secret Weapon—Its Rare Earth Monopoly
News Analysis At its 2023 Investor Day presentation in Texas, Tesla revealed its plans to produce its next generation EV motor without any rare earth minerals. As a global leader in the electric vehicle market, Tesla’s plan for zero rare earth permanent magnet motors, if successful, could have a significant impact on the rare earth market—particularly China’s rare…
CDC Bought Phone Data to Monitor Americans’ Compliance With Lockdowns, Contracts Show
The U.S. Centers for Disease Control and Prevention (CDC) purchased data from tracking companies to monitor compliance with lockdowns, according to contracts with the firms. The CDC paid one firm $420,000 and another $208,000. That bought access to location data from at least 55 million cellphone users. The contracts, approved under emergency review due to…
Beijing Attacks Australia Every Single Night: Former Defence Minister
Every day Beijing launches cyberattacks against Australian businesses and government departments, former Labor Senator Stephen Conroy has revealed. The ex-defence minister made the comments after Labor elder and former Prime Minister Paul Keating claimed the Chinese Communist Party posed no military threat to Australia. Keating’s remarks formed part of a stinging and extensive critique of…
Data of 328,000 Customers Stolen in Hack of Australian Financial Firm
Over 328,000 customers of Latitude Financial have had their data stolen during a “sophisticated and malicious” cyber-attack. On March 16, the Melbourne-based consumer finance provider—one of the biggest non-banking lenders in the country—called for a halt to trading and revealed the incident had been isolated. The company said the hackers obtained employee login credentials and…
New AI Chatbot Released That Can See Images, Produce More Advanced Responses
The artificial intelligence firm OpenAI has released the latest version of its GPT chatbot, which the firm says includes the ability to respond to image prompts. On Tuesday, OpenAI announced that it was rolling out the new chat bot, known as GPT-4. In a blog post previewing the new program, OpenAI touted GPT-4’s ability to…
Impact of Silicon Valley Bank’s Fall on Startup Community
Silicon Valley Bank (SVB) was the go-to bank for many startups for years. How has its fall affected the startup community? We talk to startups that have been impacted by SVB’s fall to get their stories. One firm we spoke to moved over $600,000 out of SVB during the bank run. Alison Greenberg, CEO of…
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