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Google Rewards Student $36,000 for App Engine Flaw

Google Rewards Student $36,000 for App Engine Flaw

A young cybersecurity researcher from Uruguay’s University of the Republic was recently awarded $$36,337 by Google for discovering a critical remote code execution (RCE) bug in Google App Engine (GAE), a framework and cloud platform for hosting and development of web applications in Google data centers. The researcher said that he was able gain access to the staging and test GAE deployment environments, which standard users are restricted from accessing. Upon receiving the bug report, Google asked the researcher to stop exploring further bugs as it could break the system, and awarded him $31,337 for the RCE bug, and an […]

University of Greenwich Slapped with £120,000 Data Breach Fine

University of Greenwich Slapped with £120,000 Data Breach Fine

Earlier this week, the UK Information Commissioner handed the University of Greenwich a fine of £120,000 for inadvertently exposing the information of around 20,000 people. The UK watchdog says that under the Data Protection Act 1998 it has found that the university has failed to take reasonable steps to protect the data following a training conference in 2004 where an unsecure  microsite that logged the information of staff and students was used. As a result, hackers were able to access and leak online information including names, addresses, and telephone numbers of the university’s  students, staff, and alumni. Furthermore, some of […]

Washington Expected to Lift Ban on ZTE Soon

Washington Expected to Lift Ban on ZTE Soon

Sources have said earlier this week that the US government may soon lift its ban on U.S. firms supplying Chinese telecoms giant ZTE Corp. In response, Bejing also announced that it will be cutting tariffs on car imports, a move that is sen to relieve some trade tensions between two of the world’s largest economies. Sources further said that the lifting of the seven-year ban may prompt China to remove tariffs on US agricultural products and increased purchase of other farm goods. However, many in the government and the business sector said that the legal case against ZTE was merely […]

Microsoft, Google Researchers Discover New Chip Flaws

Microsoft, Google Researchers Discover New Chip Flaws

Cybersecurity researchers from Google and Microsoft announced this week a new chip bug called Speculative Store Bypass or “Variant 4” which is related to the Spectre and Meltdown flaws discovered in January. The bug, which was given a low risk rating by the researchers, is said to affect a broad swatch of chips from Intel, Advanced Micro Devices (AMD), and ARM Holdings. It carries with it a vulnerability that may allow attackers to access passwords and other sensitive data on chips, but the probability of such attack is highly unlikely. Patches have already been made available from both manufacturers and […]

Socially Conscious Firms Sell, Rethink Facebook Holdings

Socially Conscious Firms Sell, Rethink Facebook Holdings

A number of socially conscious investment firms are reportedly dumping or rethinking their Facebook holdings, prompted by the social network company’s unsatisfactory response to the privacy and data protection issues it had recently been involved in. On its plan to sell 111,000 Facebook shares, Domini Fund’s Adam Kanzer said that the tech giant’s problems were founded on a lack of sufficient attention to consumer privacy and data security, compounded by inadequate governance. Meanwhile, Emma Doner from April Eaton Vance Corp unit Calvert Research and Management said that Facebook’s lax controls meant that  the company had clearly violated users’ fundamental right […]

Grab, Maybank Partners for Adoption of Mobile Wallet in Malaysia

Grab, Maybank Partners for Adoption of Mobile Wallet in Malaysia

Ride-hailing firm Grab and Malayan Banking Bhd revealed last Monday that they will be partnering to push the adoption of the GrabPay mobile wallet in Malaysia which will be launched in beta in the next few weeks.   Grab, which received its e-money license from Bank Negara Malaysia in 2017, has already made GrabPay available in other countries in various applications. However, Malaysia will be the second market where the wallet can be used to pay in restaurants and shops Source: Reuters

Microsoft Buys Startup to Boost Conversational AI Technology

Microsoft Buys Startup to Boost Conversational AI Technology

Microsoft had recently bought a startup called Semantic Machines which specializes in using machine-learning to add context to conversations with chatbots. It is said that the acquisition could mean that the software giant is looking to boost the development of its conversational AI and extend the boundaries of what is possible in language interfaces. According to David Ku, chief technology officer at Microsoft AI and Research, the company is looking to combine its own AI advances with Semantic Machines’ technology to achieve a powerful, natural and more productive user experience that will take conversational computing to a new level.   […]

EU to Live Stream Zuckerberg Hearing

EU to Live Stream Zuckerberg Hearing

It was announced in a European Parliament meeting last Monday that the hearing with Facebook CEO Mark Zuckerberg will be broadcasted via a live web stream. Parliament President Antonio Tajani said in a tweet that it was “great news” that Zuckerberg had agreed to publicly stream the discussion. In response, a Facebook spokesperson said that they were looking forward to doing the live-streamed meeting. Zuckerberg will be meeting with Tajani and European Parliament leaders in Brussels from 6:15 p.m. (12.15 p.m. ET/1615 GMT) on Tuesday. Source: Reuters

A Quarter of APAC Firms Still Uncertain of Security Breach Status

A Quarter of APAC Firms Still Uncertain of Security Breach Status

According to a recent study by Frost & Sullivan, one in four companies in the Asia-Pacific region are not sure if they have had a security breach, while around 27% say they have not conducted any kind of data breach assessment. The study, which was commissioned by Microsoft, involved 1,300 respondents from various markets including Singapore, Indonesia, Australia, India, Japan, and China. It was established that most of organizations in the region considered cybersecurity more as an afterthought, and only 25% of those who had experienced a cyberattack said that they may implement a cybersecurity plan before starting a digital […]

FTC Pressured by Advocacy Group to Break Up Facebook

FTC Pressured by Advocacy Group to Break Up Facebook

A campaign called Freedom from Facebook was recently formed by eight groups which are calling on the Federal Trade Commission to break up the tech giant into smaller companies. Groups including Demand Progress, Citizens Against Monopoly, Content Creators Coalition, Jewish Voice for Peace, MoveOn, Mpower Change, Open Markets Institute, and SumOfUs implored the agency to separate Messenger, Instagram, and WhatsApp from its parent company. Reports say the group has launched a six-figure ad campaign on Facebook, Instagram, and Twitter to promote their website.   Source: Bleeping Computer