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UK, France to Cooperate on Ai & Cyber Security Deal

UK, France to Cooperate on Ai & Cyber Security Deal

Britain and France announced last week that they will be entering an agreement that will seek to bolster the development and implementation of technologies such as Artificial Intelligence and cyber security in a partnership between The Alan Turing Institute and DATAIA. UK Digital Secretary Matt Hancock said that there is a tech renaissance in the UK and is increasingly being recognized around the world as a place where ingenuity and innovation can flourish. The agreement is set to last five years and contains language reaffirming the two countries commitment to net neutrality. Source: ZDNet

Facebook Shares Hit All Time High Despite Privacy Woes

Facebook Shares Hit All Time High Despite Privacy Woes

Facebook’s recent privacy woes seemed not to have shaken investor confidence as the social network’s stock closed at a record high last Friday, marking a 5% gain since its scandal with Cambridge Analytica was revealed in the news. This marks a full recovery from the stock’s all time low in March where it hit its 52-week intraday low of $149.02 per share. The rally to an intraday high of $203.64 per share puts Facebook’s market value at $590 billion, and Mark Zuckerberg as the third wealthiest on Bloomberg’s Billionaires index at $77.1 billion. Source: CNBC

India’s Ministry of Home Affairs Introduces Cybercrime Website

India’s Ministry of Home Affairs Introduces Cybercrime Website

Minister of State for Home Affairs (MEA) Mr. Hansraj Gangaram Ahir announced this week that they will be launching a website where the public can send complaints regarding cases related to cybercrime. Speaking at the Delhi Police’s Cyber Safety and Digital Awareness Programme for Senior Citizens e, Mr. Ahir added that cyber-frauds can be more or less curtailed if Indian citizens become more digitally aware and responsible about their cyber transactions. The MEA minister also revealed that they have already earmarked IN₹25,000 crores (US$3.6 billion) to equip the police with the technology and knowledge they need to deal with the […]

China Fingered for Australian National University Breach

China Fingered for Australian National University Breach

The Australian National University recently revealed that its computer systems had been accessed by a third party which was most likely to be hackers backed by the Chinese government. The breach was said to be particularly concerning since the ANU is home to the National Security College which trains defence and intelligence officials out of Canberra. It was additionally reported that the Australian Cyber Security Centre (ACSC) found that the hacker’s trail led to China where the attackers took over ANU’s domain controller, granting them system administrator power across the network. Source: ZDNet

Twitter Shares Slide After Reports of User Decline

Twitter Shares Slide After Reports of User Decline

Twitter shares fell around 9% last Monday, possibly prompted by reports of decline in monthly active users due to suspension of fake accounts in May and June. It was estimated that the fall took down the microblogging site’s market valuation by $3 billion, which had stood at about $35 billion on Friday. Analyst Ali Mogharabi commented that the market reaction is likely due to the assumption that a lower user count would attract less ad dollars. He added that big advertisers now pay more attention to the content quality alongside which their ads are placed. Twitter told its shareholders that […]

Spyware Thief Caught in Dark Web Sting Ops

Spyware Thief Caught in Dark Web Sting Ops

Israeli authorities revealed that they have recently caught a programmer who attempted to sell surveillance tools stolen from security firm NSO Group on the dark web. The criminal was reportedly a former employee who swiped the code after learning that he was going to be sacked. The tool was put up for sale at the price of $50 million in crypto-cash. Israel’s Justice Ministry said that national security would have been undermined had the criminal been successful in selling the tool, but the defendant’s legal team argued otherwise. The NSO Group has been known in the past for developing software […]

UK Announces Creation of London Cybercrime Court

UK Announces Creation of London Cybercrime Court

The British government announced last Wednesday the creation of a specialist court in London to hear cases relating to cybercrime. First announced last October, the deal between the judiciary and the City of London corporation will result to an 18-courtroom center which will be built at Fleetbank House on Fleet Street.   The new center, which will replace the civil court, Mayor’s and City of London County Court, and the City of London Magistrates’ Court, is expected to address the millions of incidents of criminal fraud and cybercrime experienced by UK residents. Official statistics suggest that in 2017 alone, £130 […]

Facebook Algorithm Finds Declaration of Independence “Racist”

Facebook Algorithm Finds Declaration of Independence “Racist”

In a run-up to Independence Day, Texan community paper The Liberty County Vindicator posted daily snippets of the Declaration of Independence on its Facebook page in the hopes of encouraging historical literacy among its readers. However, Facebook’s algorithm had reportedly took down several excerpts which it considered to be hate speech. In particular, Part 10, which mentioned “merciless Indian savages” got taken down with a notice from Facebook saying the post went against its standards on hate speech. Facebook later on restored the deleted part and issued a statement about the incident saying: “The post was removed by mistake and […]

24-Year Old Sentenced to Prison in Japan for Cryptojacking

24-Year Old Sentenced to Prison in Japan for Cryptojacking

A 24- year old Japanese man named Yoshida Shinkaru was recently given a one-year prison sentence for illegally mining cryptocurrency using the Monero mining tool on user PCs. Shinkaru reportedly used the Coinhive on an online gaming cheat tool and made it available for download. Users who installed unknowingly had their PCs mine Monero for Shinkaru, but his profits only totalled to around $45. Judge Ryo Kato, who handled the case, commented that a successful criminal exploit of the defendant’s programming technology created the root of harm that compromises trust in personal computer programs. Source: ZDNet

YouTube Added to BitConnect Class Action Lawsuit

YouTube Added to BitConnect Class Action Lawsuit

YouTube was reportedly added as a defendant in a class action lawsuit against crypto investment platform Bitconnect, according to court documents filed this week. The lawsuit, which was filed by 6 complainants represented by the Silver Miller law firm, alleges that BitConnect issued crypto coins that were unregistered securities, as well as getting funds through a Ponzi scheme. The plaintiff says that YouTube failed to delist and demonetize the videos BitConnect published, which exposed countless viewers to the risks brought by the illegally-promoted investments. Source: Coin Telegraph