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Tag: financial implications

  • Slashdot: Meta Fined $263 Million Over 2018 Security Breach That Affected 3 Million EU Users

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    Source URL: https://tech.slashdot.org/story/24/12/17/1359235/meta-fined-263-million-over-2018-security-breach-that-affected-3-million-eu-users?utm_source=rss1.0mainlinkanon&utm_medium=feed Source: Slashdot Title: Meta Fined $263 Million Over 2018 Security Breach That Affected 3 Million EU Users Feedly Summary: AI Summary and Description: Yes Summary: Meta’s recent fine of approximately $263 million by the European Union highlights critical issues regarding data breaches and compliance with the General Data Protection Regulation (GDPR). This…

  • Rekt: False Prophet

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    Source URL: https://www.rekt.news/false-prophet Source: Rekt Title: False Prophet Feedly Summary: Alpaca Finance lost millions by allegedly using manual CoinGecko price updates instead of real oracles. When questioned, they asked “which faster oracle would you have used?" Turns out F5 isn’t a reliable price feed. Who knew? AI Summary and Description: Yes Summary: The text provides…

  • Slashdot: Backdoor in Compromised Solana Code Library Drains $184,000 from Digital Wallets

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    Source URL: https://news.slashdot.org/story/24/12/05/1848223/backdoor-in-compromised-solana-code-library-drains-184000-from-digital-wallets?utm_source=rss1.0mainlinkanon&utm_medium=feed Source: Slashdot Title: Backdoor in Compromised Solana Code Library Drains $184,000 from Digital Wallets Feedly Summary: AI Summary and Description: Yes Summary: The Solana JavaScript SDK experienced a supply chain attack where malicious code was injected to steal cryptocurrency private keys. This incident highlights the vulnerabilities associated with software supply chains in…

  • Hacker News: OpenAI confirms new $200 monthly subscription, ChatGPT Pro

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    Source URL: https://techcrunch.com/2024/12/05/openai-confirms-its-new-200-plan-chatgpt-pro-which-includes-reasoning-models-and-more/ Source: Hacker News Title: OpenAI confirms new $200 monthly subscription, ChatGPT Pro Feedly Summary: Comments AI Summary and Description: Yes **Summary:** OpenAI has introduced ChatGPT Pro, a $200/month subscription offering unlimited access to advanced AI models, including a new reasoning model called o1. This model enhances self-fact-checking capabilities and accuracy, addressing common…

  • Slashdot: Forbes 30 Under 30 Founder Who Sold AI Chatbot To Schools Charged With Fraud

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    Source URL: https://yro.slashdot.org/story/24/11/26/1958250/forbes-30-under-30-founder-who-sold-ai-chatbot-to-schools-charged-with-fraud?utm_source=rss1.0mainlinkanon&utm_medium=feed Source: Slashdot Title: Forbes 30 Under 30 Founder Who Sold AI Chatbot To Schools Charged With Fraud Feedly Summary: AI Summary and Description: Yes Summary: The text discusses an AI startup founder charged with defrauding investors and misrepresenting the company’s performance. This scenario raises significant concerns about the ethics and security involved…

  • CSA: Should the CISO Role Be Split?

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    Source URL: https://www.zscaler.com/cxorevolutionaries/insights/its-time-split-ciso-role-if-we-are-save-it Source: CSA Title: Should the CISO Role Be Split? Feedly Summary: AI Summary and Description: Yes Summary: The article discusses the increasing challenges faced by Chief Information Security Officers (CISOs), propounding the idea of splitting the CISO role to alleviate burdens and enhance specialization. It highlights the necessity to adapt organizational structures…

  • The Register: European Cloud Competition Observatory created to keep an eye on software licensing

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    Source URL: https://www.theregister.com/2024/11/20/european_cloud_competition_observatory/ Source: The Register Title: European Cloud Competition Observatory created to keep an eye on software licensing Feedly Summary: Initiative follows Microsoft settlement with CISPE consortium Exclusive The Cloud Infrastructure Services Providers in Europe (CISPE) consortium has launched the European Cloud Competition Observatory (ECCO) to keep an eye on software licensing practices in…

  • The Register: Crook breaks into AI biz, points $250K wire payment at their own account

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    Source URL: https://www.theregister.com/2024/11/19/ilearningengines_bec_scam/ Source: The Register Title: Crook breaks into AI biz, points $250K wire payment at their own account Feedly Summary: Fastidious attacker then tidied up email trail behind them A Maryland AI company has confirmed to the Securities and Exchange Commission (SEC) that it lost $250,000 to a misdirected wire payment.… AI Summary…

  • Hacker News: Teen serial swatter-for-hire busted, pleads guilty, could face 20 years

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    Source URL: https://www.theregister.com/2024/11/18/teenage_serial_swatterforhire_busted/ Source: Hacker News Title: Teen serial swatter-for-hire busted, pleads guilty, could face 20 years Feedly Summary: Comments AI Summary and Description: Yes Summary: The text discusses various significant incidents in cybersecurity, including a teenager convicted of swatting, critical vulnerabilities in software, an ongoing debate regarding protections for cybersecurity researchers in international law,…

  • The Register: Meta’s plan for nuclear datacenter reportedly undone by bees

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    Source URL: https://www.theregister.com/2024/11/04/meta_ai_datacenter_bee/ Source: The Register Title: Meta’s plan for nuclear datacenter reportedly undone by bees Feedly Summary: Environmental and regulatory obstacles led to the cancellation of an AI bit farm, report claims Meta’s plan to build a nuclear-powered datacenter for AI workloads has been undone by bugs, specifically bees.… AI Summary and Description: Yes…