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“Smart” home devices spark National Security risk

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The rapid proliferation of Internet-connected “smart” devices in US homes and infrastructure has raised concerns about the security of households and national interests.

Lawmakers are now calling for enhanced security standards to counter the escalating threats posed by cybercriminals and hostile governments.

Recent events, including ransomware attacks on the Colonial Pipeline and JBS in 2021, as well as federal warnings about foreign attacks on the US power grid, have fueled public fears about cybersecurity. Moreover, instances of hackers exploiting devices like Ring cameras to spy on individuals, particularly children, have amplified these concerns.

Rep. Mike Gallagher, Chairman of the House Select Committee on China, is part of a growing contingent of policymakers focusing on the “Internet of Things” (IoT), encompassing non-computer devices with internet connectivity. These IoT devices include smart TVs, wearable fitness trackers, doorbell cameras, thermostats, and control systems for factories and power plants. Of particular concern is the widespread use of Chinese-made cellular modules that enable these devices to connect to the internet.

Lawmakers argue that if China were to gain widespread control of these modules, it could steal sensitive US data or disrupt critical infrastructure remotely. This could potentially involve causing power brownouts by manipulating AC units en masse or taking control of self-driving vehicles and medical devices, as former Vice President Dick Cheney once warned.

In a statement to The Post, Rep. Gallagher highlighted the security risks associated with Chinese-made modules, stating that they could create a backdoor for malign Chinese government actors to compromise devices critical to American infrastructure and safety.

Chinese made

Rep. Gallagher and Rep. Raja Krishnamoorthi have urged FCC Chairwoman Jessica Rosenworcel to investigate the use of Chinese-made cellular modules. They point out that the Chinese Communist Party has significantly supported this industry and identified Quectel and Fibocom as major producers of modules widely used in various US products, including smart cities, drones, and first responder body cameras.

Rosenworcel has requested that the Justice Department, FBI, and other federal agencies assess whether components from Quectel and Fibocom pose a national security threat.

Quectel has defended its products, stating that its IoT modules do not pose security or privacy risks, emphasizing its engagement with regulators and agencies to address concerns. Meanwhile, Fibocom has yet to respond to these inquiries.

FCC Commissioner Nathan Simington, a Republican, emphasizes the gravity of state-sponsored attacks on key infrastructure, advocating for ongoing engagement between at-risk companies or operators and regulators. Simington supports the FCC’s initiative to introduce a “US Cyber Trust Mark” label for smart devices adhering to widely accepted cybersecurity standards, with regular software updates post-release.

Simington believes that such a label, set to debut next year, represents the first step toward ensuring the security of smart devices for consumers. He emphasizes the importance of meeting consumer expectations for secure devices and preventing potential cybersecurity threats, underscoring the need for accountability and regulation in this rapidly expanding field of technology.

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Experts warn AI could trigger ‘Grey Swan’ events in the global economy

Experts warn that AI could trigger ‘grey swan events’ posing risks to economic stability, demand resilience strategies.

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Experts warn that AI could trigger ‘grey swan events’ posing risks to economic stability, demand resilience strategies.


As excitement around artificial intelligence reaches new heights, experts are cautioning that the technology could spark unexpected disruptions known as ‘grey swan events’. Unlike black swans, these events are somewhat foreseeable but often underestimated, posing real threats to economic stability.

David Scutt from StoneX joins Ticker to break down what grey swans are, their potential impact on AI, and how legal, security, and innovation risks could shake the industry. He also explains how the pace of AI advancement makes it harder to anticipate and prepare for these shocks.

From resilience strategies for policymakers to the concept of antifragility coined by Nassim Nicholas Taleb, this discussion offers insights into how the world might navigate the growing AI landscape.

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#AI #GreySwan #TechRisks #InnovationShock #ArtificialIntelligence #GlobalEconomy #DavidScutt #TickerNews


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Oscars move to YouTube in landmark streaming deal from 2029

YouTube will stream the Oscars exclusively from 2029, making it free for over two billion users worldwide.

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YouTube will stream the Oscars exclusively from 2029, making it free for over two billion users worldwide.


The Academy of Motion Picture Arts and Sciences has struck a landmark agreement with YouTube to stream the Oscars exclusively from 2029, marking a major shift for Hollywood’s biggest night.

YouTube will hold global rights to the ceremony from 2029 to 2033, making the event free to its more than two billion users worldwide, with added features like red carpet coverage and behind-the-scenes access.

The move reflects changing viewing habits as audiences increasingly turn to digital platforms for live events.

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#Oscars #YouTube #StreamingWars #Hollywood #FilmIndustry #DigitalMedia #EntertainmentNews #AcademyAwards


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NSW weighs urgent gun law changes after Bondi shooting as firearm caps spark backlash

NSW government to discuss urgent firearm legislation changes after Bondi Beach shooting amid rising violence concerns.

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NSW government to discuss urgent firearm legislation changes after Bondi Beach shooting amid rising violence concerns.


The New South Wales government is set to discuss urgent changes to firearm legislation next week following the Bondi Beach shooting, reigniting the national debate over gun control and public safety.

The proposed reforms are aimed at tightening access to firearms and limiting individual ownership, as authorities respond to concerns about rising violence across the state.

With the number of registered firearms in NSW surging over the past decade, lawmakers say swift action may be needed to prevent further harm.

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#NSWPolitics #GunControl #FirearmLaws #BondiShooting #PublicSafety #AustralianNews #BreakingNews #TickerNews


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