Author: Disini & Disini Law Office

Lack of APAC Businesses Collaboration Compromising Regional Security

Lack of APAC Businesses Collaboration Compromising Regional Security

Microsoft CSO Michael Montoya recently remarked that the lack of information exchange and breach disclosure between legitimate APAC businesses is affecting the security posture in the region which remains the least mature and most frequently attacked globally. Montoya added that threat actors are actually collaborating more and out-evolving the industry. It was also noted in Microsoft’s latest Security Intelligence Report that Asia, particularly the fast-growing economies of Southeast Asia, is a popular target for threat groups because of its accelerated digital transformation. According to Montoya, the region maintains an archaic defence posture despite its widening the attack surface, which makes […]

Facebook Bans Gun Accessories Ads from Children

Facebook Bans Gun Accessories Ads from Children

Facebook announced last Friday that it will stop showing weapon accessory advertisements to users below 18 years old. While guns and gun modification ads are already prohibited on the social network, Facebook says that accessories like holsters, belt accessories, as well as any products mounted on guns for the purposes of illuminating, magnifying or focusing will only be shown to users 18 and above starting June 21. The move is said to be line with discussions in the US on gun violence and school shootings. Source: Business Insider

BIS Seek Stricter Rules for Fintechs, Credit Funds

BIS Seek Stricter Rules for Fintechs, Credit Funds

The Bank for International Settlements (BIS) said last Sunday that funds that provide credit, shadow banks, and fintech firms should be covered by regulations introduced to address banking booms and busts. The BIS said that macroprudential policy that requires banks to put up “countercyclical” buffers of capital should extend to asset management funds, not only to protect consumers and preserve the soundness of individual funds, but to protect funds from the actions of others. It added that fintechs and similar app-based financial services are likely to shift risk and thus will require a new arsenal of macroprudential instruments. Source: Reuters

Genetic Testing Websites May Become New Social Networks

Genetic Testing Websites May Become New Social Networks

Recent statistics suggest that DNA testing sites such as 23andMe may soon become the new social networks. According to AncestryDNA, companies that provide self-performed genetic testing has already gained millions of customers within the past few years.    By matching willing participants in their large databases with others who share their DNA, the companies are able to help reunite long-lost relatives in a more layered version of Facebook when it was first launched. It is said that the websites’ internal messaging systems are integral in connecting users with relatives they do not know of. Source: CNBC

Google Pours $500 Investment into Chinese e-Commerce Giant

Google Pours $500 Investment into Chinese e-Commerce Giant

Google is set to invest $500 million into JD.com, one of China’s biggest ecommerce companies, in its continuing effort to gain ground against its rivals in Asia’s fast growing markets. The two companies revealed that the partnership will include the advertisement of JD.com products on Google’s shopping service, helping it gain exposure in US and European markets.   However, JD.com says that Google will not be pushing any new initiatives in China where its main services are still blocked due to the search giant’s refusal to comply with local censorship laws. In addition to Google, JD.com currently lists Tencent Holdings […]

ICANN Looking to Appeal Whois Case with European Court of Justice  

ICANN Looking to Appeal Whois Case with European Court of Justice  

In a blog post this week, California-based non-profit ICANN said that may appeal its ongoing Whois case to the European Court of Justice if the Higher Regional Court does not rule in its favor. The statement came across as “bizarre” since it is usually to the advantage of appellants to show some modicum of respect to a court they are appealing to and wait for that court’s judgment before talking about an appeal to a higher court. The domain overseer is expected to spend millions should it pursue arguing its GDPR case at the ECJ rather than to fix its […]

CFTC Urges Judge to Rule Virtual Currency as Commodity

CFTC Urges Judge to Rule Virtual Currency as Commodity

Last Thursday, the U.S. Commodity Futures Trading Commission implored a federal judge to rule that an obscure virtual currency called My Big Coin is a commodity subject to its oversight. In a lawsuit filed against My Big Coin Pay Inc., CFTC lawyer Jonah McCarthy said that the virtual currency is similar to gold and other precious metals such that it amounts to a good that falls within the Commodity Exchange Act’s broad definition of commodities. However, Randall Crater’s lawyer Katherine Cooper argued that My Big Coin does not have future contracts trading on it and is not a commodity the […]

AI Restores Journalist’s Voice

AI Restores Journalist’s Voice

An American radio journalist is expected to recover his ability to speak and go back to broadcasting with the help of artificial intelligence. Jamie Dupree, a political radio journalist with Cox Media Group, was left unable to talk due to a rare neurological condition. However, a Scottish technology company, CereProc, will be using a trained neural network that will “speak” for Dupree using his old voice recordings. CereProc says that its AI system can produce voices which typically take a lot of effort and money to produce by using the neural network that they developed since 2006. Customers can now […]

Walmart Obtains Patent for Crypto-Powered Electrical Grid

Walmart Obtains Patent for Crypto-Powered Electrical Grid

U.S. retail giant Walmart won this week a patent for the development of an energy consumption management system that will be powered by digital currency. The patent, which Walmart applied for last December 2017, was published June 14 by the U.S. Patent and Trademark Office (USPTO). The system is expected to aid companies manage energy consumption better and regulate demand on an electrical grid using a public blockchain. The patent also says that devices on the network, which will be alloted cryptocurrency funds to purchase power from a utility vendor, will be able to share funds between each other should […]

Chinese Threat Group Hits National Data Center in Central Asia

Chinese Threat Group Hits National Data Center in Central Asia

Kaspersky Lab researchers recently revealed that Chinese-speaking threat group LuckyMouse have hit a national data center in Central Asia with the aim to cripple government resources. It is said that hitting the target would cause massive problems for a wide range of government resources at one fell swoop. It is said that the group used a watering hole or phishing to compromise employee accounts at the center. Kaspersky added that national data centers are valuable sources of data that can also be abused to compromise official websites, and that the Chinese threat actors may be trying a more stealthier approach […]