Since 2015, Twitter chief executive Jack Dorsey and the company board have been warned annually about internal cybersecurity risks. In fact, there are about 1,500 employees plus contractors with the power to make changes in 186 million daily user accounts, and the company had experienced breaches due to internal sources. Then, on July 15, hackers tricked employees to compromise 130 Twitter accounts, including those of Jeff Bezos, Joe Biden, Barack Obama and Elon Musk, stealing data from eight unidentified accounts. Continue reading Latest Twitter Hack Puts Spotlight on Internal Security Issues

In the quarter ending June 30, Twitter’s number of daily users rose 12 percent from the previous quarter to 186 million, while revenue dropped 19 percent from a year earlier to $683 million. The former number surpassed the expectations of analysts polled by FactSet whereas the latter was below the predicted $702 million estimate. It adds up to a $1.23 billion loss, impacted by a reversal of a $1+ billion tax benefit in 2019. Twitter has not provided forecasts for revenue or operating income in its latest earnings report. Continue reading Twitter Reports Increase in Daily Users But a Drop in Revenue

On Wednesday, scammers launched one of the most audacious attacks in recent memory, posting messages from the Twitter accounts of Joe Biden, Barack Obama, Kanye West, Bill Gates and Elon Musk that if people sent Bitcoin, the famous person would send back double the money. The first attack targeted high-profile cryptocurrency leaders and companies, but soon broadened to include a list of prominent U.S. politicians and entertainment and tech executives. It appears that an internal Twitter account was involved in the attacks, but it has yet to be determined whether an employee was willfully complicit. Continue reading Prominent Twitter Accounts Hacked for Cryptocurrency Fraud

China’s Ministry of Industry and Information Technology will invest at least $1.4 trillion in the next five years in advanced technologies; more than a dozen Chinese municipalities this year pledged 6.61 trillion yuan ($935 billion) to achieve this goal, for projects on artificial intelligence, data centers and mobile communications. The country’s BeiDou navigation network will be complete this month when the final satellite goes into orbit. Premier Li Keqiang said the campaign is the Communist Party’s top priority. Continue reading Chinese Cities Invest in National Campaign for Advanced Tech

The United States became the last of the Group of Seven countries to sign on to the G7 AI Pact, an initiative focused on responsible development of artificial intelligence. The Global Partnership on AI will, after study, create recommendations on AI technologies that “respect privacy and civil liberties.” At a G7 meeting of science and technology ministers, U.S. chief technology officer Michael Kratsios and President Trump’s science adviser Kelvin Droegemeier will describe the U.S.’s involvement in the program. Continue reading U.S. Joins Global Partnership on AI to Check China’s Power

Many cybersecurity experts believe the current anti-hacking law, the 1986 Computer Fraud and Abuse Act (CFAA), is woefully out of date and applied too broadly by prosecutors and law enforcement. The Supreme Court is now taking another look at the law with a case in which a former Georgia police officer, Nathan Van Buren, was convicted in 2017 after allegedly selling information from a police database to an acquaintance for $6,000. Stanford University law professor Jeffrey L. Fisher is the lead attorney in the case. Continue reading Supreme Court Will Review Computer Fraud and Abuse Act

Although Germany’s carriers plan to launch 5G networks, large companies including BASF, BMW, Bosch, Lufthansa and Volkswagen have applied to set up local private 5G networks. The German network regulator reported that, so far, 33 companies have bought licenses, which became available last November. Experts observe that private 5G networks are useful for industrial applications that require speedy, reliable connectivity with low latency for real-time critical jobs such as driverless vehicles and robots. Continue reading German Firms Plan to Build Their Own Secure 5G Networks

The Cyberspace Solarium Commission released a report based on a months-long study that showed the U.S. government’s lack of ability to block cyber threats. The Commission lists 75 recommendations for major structural changes, including the creation of Congressional committees dedicated to cybersecurity and a White House-based national cybersecurity director to be confirmed by the Senate. The report is blunt in its assessment that the U.S. government’s current approach to cyberattacks is “fundamentally flawed.” Continue reading Commission Finds U.S. Is Unprepared for Major Cyberattacks

An increasing number of cities, hospitals and businesses are being attacked by ransomware, by which bad actors shut down the victim’s computer network until a ransom is paid. Up until now, these attacks have been hard to measure since many of those impacted quietly paid the ransom without notifying any authorities. Security firm Emsisoft just reported a 41 percent increase in ransomware attacks between 2018 and 2019, with 205,280 businesses and other groups submitting evidence of such intrusions in 2019. Continue reading Ransomware Attacks Increase and Demand Bigger Payouts

Big Tech is now one of the biggest lobbying groups in Washington, D.C. Facebook posted the greatest increase in spending last year, followed by Amazon, Apple and Microsoft. By increasing spending in lobbying, the companies hope to influence privacy legislation, pursue government contracts and rebut charges of unfair competition. Alphabet is the only Big Tech company to reduce its spending for lobbying in 2019, by 44 percent to $11.8 million. It also ended its relationship with lobbyists at six outside firms. Continue reading Big Tech Firms Increase Spending to Influence Lawmakers

Early Tuesday morning, just as CES 2020 was getting underway, the team that monitors computers for Las Vegas detected a potential cyberattack as the city’s systems were reportedly compromised. While city officials tweeted about the breach, the information was light on details regarding which operations had been affected or the extent of the attack. The timing was unfortunate, since the annual CES confab is one of the largest events in Las Vegas. Last year, the show attracted more than 175,000 people and 4,400 exhibitors, including a number of Fortune 500 companies. Continue reading Las Vegas Was a Target of Cyberattack While Hosting CES

The smart city was the topic of a CES conversation moderated by Strategic Cyber Ventures chief executive Hank Thomas, whose expertise was gained in relevant military and government work. Columbus, Ohio won the U.S. Department of Transportation’s first Smart City Challenge, and Smart Columbus director Jordan Davis reported that this win came with $50 million in grant funding, which was matched locally. “There is no clear definition of what a smart city is,” Davis noted. “But seamless connectivity is the ideal.” Continue reading CES 2020: Experts Consider Cybersecurity For Smart Cities

Suppose you post your latest travel photos on your website, and later, in the comments section, a drug dealer offers his illegal wares for sale. Under Section 230 of the Communications Decency Act, noted CTA senior vice president of government affairs Michael Petricone, you cannot be prosecuted for drug sales. “Section 230 provides broad but not absolute immunity for Internet service providers for content published by users,” he said. “It’s important for platforms — but it can also encourage toxic online behavior.” Continue reading CES 2020: Evaluating the Relevance of CDA’s Section 230

Moderated by Deloitte Consulting chief cloud strategy officer David Linthicum, a group of experts gathered at CES to address the issues surrounding IoT at the edge of the cloud. Linthicum asked panelists what they think the big announcements of CES 2020 will be. Sikorsky Innovations flight control technical lead Derek Geiger echoed many of them when he said, “I don’t think there will be one major announcement.” “It will be little pieces of technology coming together,” he said. “It won’t be one company solving the problem.” Continue reading CES 2020: A Look at Improving IoT at the Edge of the Cloud

When CES 2020 opens on January 7 in Las Vegas, it is almost certain that entertainment will be taking center stage. Where emerging technologies have disrupted media and entertainment on a rollercoaster of change for the past few decades, today’s M&E companies are harnessing technologies, driving innovation, and emerging as disruptors themselves. The days of entertainment as a CES sideshow and a way to light up screens to sell TVs are over. Our team of reporters will be at CES again this year covering the latest news from keynote addresses, product demos and related events. Continue reading ETC@USC Gears Up For January’s CES 2020 in Las Vegas