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The only way to keep yourself safe from hackers | TICKER VIEWS

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Hackers

By Dimaz Wijaya, PhD in Cybersecurity and blockchain security engineer. Ticker News crypto contributor. Edited by Keira Wright.

The recent cyber attack on the US’ largest fuel pipeline has shown how we are all vulnerable to hackers. The attack involved almost 100 gigabytes of data and forced the US government to declare a state of emergency. But how can we keep ourselves safe from hackers in the future, and what do we know about the breach?

Darkside hacking group

Darkside is a unique yet professional hacking group. They run their ransomware as a service business. The FBI released a statement that Darkside (or their client) was involved in the most recent hack in Colonial Pipeline.

Darkside claims to donate a portion of their bounty to charity and say they don’t want to cause problems for society. Recently, they released a statement saying they’re apolitical.

Has cryptocurrency made it easier for hackers?

The rise of cryptocurrency makes it easier for ‘bad’ hackers to extort their victims. This is because the anonymous nature of crypto decreases the probability of getting caught.

Hacking has shifted into a profit-oriented activity with ransomware (encrypting the victim’s data and asking for ransom) becoming one of the main tools.

Their choice of cryptocurrency has also shifted from Bitcoin, to privacy coins such as Monero and ZCash. These are much harder to track compared to Bitcoin.

In short, it means the ‘bad guys’ are more likely to get away without anyone prying into their financial transactions.

Is hacking on the rise?

We now hear news about hacking more often than ever. Everyone is a potential target.

Any modern infrastructure connected to the internet can be hacked. That includes most of us who work from home.

Unfortunately, there is no perfect solution to avoid hacking completely, other than shutting down all network communication from our homes.

But of course, that is not a viable option in our increasingly digital world.

How can we avoid being hacked?

However, as a society, we should be more aware of cybersecurity. We must educate ourselves to quickly identify threats and potential vulnerabilities. Here are some practical tips to avoid being hacked:

  • Firstly, be more careful when clicking suspicious links
  • Remove unexpected or suspicious emails from your inbox
  • Check everything before sharing your credit card details
  • Ask for identification for suspicious visitors
  • Always verify incoming information
  • Update your computer and phone software to include the most recent security patches
  • And lastly, but most importantly: backup important files

Although these efforts don’t completely erase the risk of being hacked, they make their job a lot more difficult.

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Ramifications of a TikTok ban to impact Open Internet

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The United States’ longstanding advocacy for an open internet faces a critical juncture as Congress considers legislation targeting TikTok.

The proposed measures, including a forced sale or outright ban of TikTok, have sparked concerns among digital rights advocates and global observers about the implications for internet freedom and international norms.

For decades, the U.S. has championed the concept of an unregulated internet, advocating for the free flow of digital data across borders.

However, the move against TikTok, a platform with 170 million U.S. users, has raised questions about the consistency of America’s stance on internet governance.

Read more – Big tech to handover misinformation data

Critics fear that actions against TikTok could set a precedent for other countries to justify their own internet censorship measures.

Russian blogger Aleksandr Gorbunov warned that Russia could use the U.S. decision to justify further restrictions on platforms like YouTube.

Similarly, Indian lawyer Mishi Choudhary expressed concerns that a U.S. ban on TikTok would embolden the Indian government to impose additional crackdowns on internet freedoms.

Moreover, the proposed legislation could complicate U.S. efforts to advocate for an internet governed by international organizations rather than individual countries.

China, in particular, has promoted a vision of internet sovereignty, advocating for greater national control over online content.

A TikTok ban could undermine America’s credibility in urging other countries to embrace a more open internet governed by global standards.

 

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BlackRock CEO Larry Fink says AI leads to higher wages

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Larry Fink, the CEO of BlackRock Inc., has outlined his vision for the impact of the firm’s investment in artificial intelligence.

During the company’s recent earnings call, Fink emphasized the connection between productivity gains driven by AI and the potential for rising wages among BlackRock’s workforce.

He explained the firm’s ambition to leverage AI technology to enhance efficiency, enabling employees to accomplish more with fewer resources.

Fink’s remarks underscore BlackRock’s strategic approach to harnessing AI as a tool for optimising operations and driving organisational growth.

Read more – Australia’s productivity gap widens

By leveraging AI-driven productivity enhancements, the company aims to empower its employees to deliver greater value, thereby paving the way for wage increases across the organisation.

The CEO’s statement reflects a broader trend in the intersection of technology and labor dynamics, where advancements in AI and automation have the potential to reshape workforce dynamics and compensation structures.

Fink’s optimism about the transformative impact of AI investment on employee wages highlights BlackRock’s commitment to embracing technological innovation as a catalyst for sustainable business growth and employee prosperity.

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How Udio could threaten the entire music industry

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The music industry faces a formidable challenger in the form of AI technology application Udio.

With the emergence of a groundbreaking new app, concerns are mounting over its potential to revolutionise music creation and consumption.

The app, powered by advanced algorithms and machine learning, promises to streamline the music production process, allowing users to generate high-quality tracks with minimal effort.

Tom Finnigan from Talkingbrands.ai joins to discuss Udio, along with the goods and bads of AI integration in the music industry.

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