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Big tech and finance join forces in cybersecurity crackdown

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Big players in the tech and finance industry are working with the Biden administration to strengthen cybersecurity guidelines

Biden says that he will work with the tech and finance industries to strengthen cybersecurity guidelines in the US.

Yesterday, he met with a group of Cabinet members and big-name executives from tech, finance and infrastructure companies.

An illustration picture taken in London on December 18, 2020 shows the logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone. – Accelerating the transition to an ever more digital life, the coronavirus pandemic has tightened tech giants’ grip on billions of customers’ lives. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)

“The federal government can’t meet this challenge alone,” Biden said. “You have the power, the capacity and the responsibility, I believe, to raise the bar on cybersecurity.”

The guest list included Amazon’s Andy Jassy, Apple’s Tim Cook, Microsoft’s Satya Nadella, Google’s Sundar Pichai and IBM’s Arvind Krishna.

Cybersecurity rises to the top of Biden’s agenda

It seems that cybersecuirty has made its way to the top of Biden’s agenda, likely prompted by a series of high-profile cyber attacks over the course of this year.

This comes after the massive Colonial Pipeline attack, which resulted in a $4.4 million ransom payout to the hackers.

Other noteworthy recent attacks on US companies include the Russia REvil gang hack and the attack on JBS, the world’s largest meat supplier.

“We have a lot of work to do,” Biden said.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Media

BuzzFeed to use ChatGPT-created content on website

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BuzzFeed is set to go by on A.I-generated content, with the company to use ChatGPT to create content for the site

The media giant plans to use the service to generate quizzes and further personalise its user experience.

“If the past 15 years of the internet have been defined by algorithmic feeds that curate and recommend content, the next 15 years will be defined by AI and data helping create, personalise and animate the content itself,” BuzzFeed Chief Executive Jonah Peretti recently said.

BuzzFeed recently announced that it would be cutting 12 per cent of its workforce to rein in costs.

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Tech

Twitter updates font on mobile & web versions

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Have you noticed something different about Twitter?

 
Well, the social media giant has changed the font on its web and mobile app.

Apple users, sorry, you’re stuck with the old one.

It’s unclear why Twitter made the change, but it may have to do with spotting impersonators.

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Business

Justice Department & states sue Google in anti-trust lawsuit

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The Department of Justice and a handful of states have sued Google over the company’s dominance in the digital ad space.

 
This is the second anti-trust lawsuit the D.O.J. has filed against Google.

The D.O.J. and states are seeking to unwind Google’s alleged anti-competitive acquisitions in the advertising space, as part of the joint case.

“We alleged that Google has used anti-competitive exclusionary and unlawful conduct to eliminate or severely diminish any threat to its dominance over digital advertising technologies,” U.S. Attorney General Merrick Garland said in a press conference.

“Google has used anticompetitive, exclusionary, & unlawful conduct to eliminate or severely diminish any threat to its [digital ad] dominance.”

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