Tag Archive for: business

The Hangzhou Internet Security Institute released an AI industry report., Business News


The Hangzhou Internet Security Institute released an AI industry report.

The Hangzhou Internet Security Institute published an AI industry report, systematically elucidating the prospects of the AI industry. It also offers an in-depth analysis of the latest developments and technological breakthroughs of leading AI institutions, while exploring the challenges and opportunities of AI technology in practical applications. The institute believes that, despite the significant progress made in AI technology, there are still issues related to data security and privacy protection in its practical applications, which merit global caution and attention.

On February 15, 2024(EST), OpenAI officially released the Sora video model, along with 48 generative video cases and a technical report. Users can simply input text to generate a 60-second video. The launch of Sora undoubtedly represents another significant breakthrough following the introduction of ChatGPT in 2023. Sora is considered the pinnacle of achievement in the field of artificial intelligence to date, with the AI competition seen as the forefront of the current Sino-American rivalry. Currently, the institute has heard two perspectives: Firstly, the development of AI technology will determine the future rise or fall of China and the United States. The rise and fall of great powers usually begin during periods of major technological change, and ultimately, this continuous growth advantage will translate into geopolitical and military influence. Secondly, China has already come very close to the United States in this cutting-edge technology field, even surpassing the United States in aspects such as electronic payments, 5G, and the quantity of papers and patents.

The institute believes that the launch of ChatGPT and Sora indicates that the United States holds a leading advantage in the foundational areas necessary for the development of artificial intelligence, including hardware, research and development, and talent, while China still lags behind the US in deep learning, core algorithms, and large language models. However, the institute also recognizes that China’s vast population size…

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Leaked documents expose Chinese hacking company for shady business practices


The hotel was spacious. It was upscale. It had a karaoke bar. The perfect venue, the CEO of the Chinese hacking company thought, to hold a Lunar New Year banquet currying favor with government officials. There was just one drawback, his top deputy said.

“Who goes there?” the deputy wrote. “The girls are so ugly.”

So goes the sordid wheeling and dealing that takes place behind the scenes in China’s hacking industry, as revealed in a highly unusual leak last month of internal documents from a private contractor linked to China’s government and police. China’s hacking industry, the documents reveal, suffers from shady business practices, disgruntlement over pay and work quality, and poor security protocols.

GOP REP SOUNDS ALARM ON GROWING CHINESE INFLUENCE IN CENTRAL AND SOUTH AMERICA

Private hacking contractors are companies that steal data from other countries to sell to the Chinese authorities. Over the past two decades, Chinese state security’s demand for overseas intelligence has soared, giving rise to a vast network of these private hackers-for-hire companies that have infiltrated hundreds of systems outside China.

chinese hacking company

The interior of the I-Soon office is shown as the company faces allegations over shady business practices, disgruntled employees, and poor security protocols.  (AP Photo/Dake Kang)

Though the existence of these hacking contractors is an open secret in China, little was known about how they operate. But the leaked documents from a firm called I-Soon have pulled back the curtain, revealing a seedy, sprawling industry where corners are cut and rules are murky and poorly enforced in the quest to make money.

Leaked chat records show I-Soon executives wooing officials over lavish dinners and late night binge drinking. They collude with competitors to rig bidding for government contracts. They pay thousands of dollars in “introduction fees” to contacts who bring them lucrative projects. I-Soon has not commented on the documents.

CHINA’S BELT AND ROAD INITIATIVE PLAGUED BY CORRUPTION AND POLITICAL BACKLASH: REPORT

Mei Danowski, a cybersecurity analyst who wrote about I-Soon on her blog, Natto Thoughts, said the documents show that China’s hackers for hire work much like any…

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Microsoft says state-sponsored Russian hacking group accessed email accounts of senior leaders | Business





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Xerox Business Solutions targeted by INC Ransom ransomware gang


Xerox Holdings Corp. subsidiary Xerox Business Solutions has suffered from a data breach following a ransomware attack.

The attack first came to light on Dec. 29 when the INC Ransom ransomware gang added Xerox Business Solutions to its dark web leaks site. According to Bleeping Computer, the gang claimed to have stolen sensitive data and confidential documents from XBS systems.

Xerox has confirmed the attack, saying in a statement that it experienced a “security incident” that was detected and contained by company cybersecurity personnel. The attack was limited to XBS U.S. and Xerox is working with outside cybersecurity experts to undertake a thorough investigation and take steps to secure the company’s information technology environment.

According to the compamy, the attack had no impact on its corporate systems, operations or data. However, Xerox does confirm that “limited personal information” may have been affected. Those affected will be informed as required.

INC Ransom first emerged on the scene in July of last year and positioned itself as providing a service to their victims. As detailed by SentinelOne Inc., INC Ransom victims are told to pay the ransom demanded to “save their reputation” as the threat actors indicate their intention to reveal their methods, making the victim’s environment “more secure” as a result.

The gang is known to have targeted multiple industries with little or no discrimination, with attacks across healthcare, education and government entities. Previous INC Ransom victims include BPG Building Partners Group GmbH, DM Civil LLC, Ingo Money Inc., Nicole Miller Inc., Pro Metals LLC, Springfield Area Chamber of Commerce and Trylon Corp.

Although ransomware attacks have been a proverbial dime a dozen, where this story takes a twist is that there is some suggestion that Xerox may be in discussions to pay the ransom being demanded.

“While it remains unclear whether Xerox is in negotiations with INC Ransom, the removal of their leaked documents implies ongoing discussion may be taking place,” Darren Williams, founder and chief executive of ransomware prevention company BlackFog Inc., told SiliconANGLE. “Given that data…

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