News Of Note For The Internet-Minded (8/30/23) – Ransomware, Quantum Attacks And A New LLM – Security | #ransomware | #cybercrime

In this week’s News of Note, ransomware attacks break
records and wipe data for a majority of a cloud provider’s
customers, while one RaaS case delivers useful details about
cybercriminal techniques and tactics. Also, the development of
algorithms to protect against quantum computers continues, facial
recognition software nabs an elderly criminal, and more.

• Danish cloud provider CloudNordic loses data access for most of
  its customers after a ransomware attack. (Michael
  Kan, PCMag)




• The National Institute of Standards and Technology released an
  agency brief announcing progress made toward the development of algorithms that are resistant to quantum
  attacks. (Rebecca Heilweil, FEDSCOOP)




• According to a report published in August by security
  consultancy NCC Group, July was a record-breaking month for ransomware attacks.
  (Robert
  Lemos, Dark Reading)




• Demand for AI chips leads to a substantial bump in revenue
  for tech giant Nvidia. (Mariko Oi, BBC News)




• Facial recognition technology helps catch man who has been
  using his dead brother’s identity since 1965 in
  scheme to collect his social security benefits. (David
  Sharp, LA Times)




• South Korean tech leader Naver launches its large language
  model HyperClova X. (Sheila
  Chiang, CNBC News)




• American startup Veyond Metaverse plans to use extended reality
  as training tool for new surgeons around the world. (Jon
  Stojan, USA Today)




• AI is becoming a useful tool in preparing cities for weathering
  climate change. (David H.
  Freedman, Newsweek)




• The Hive ransomware case reveals details about
  RaaS tactics and trends that may be helpful in developing effective
  cyber defense techniques. (Ryan Estes, Dark Reading)




• Google has developed a new algorithm that ensures FIDO encryption is protected from quantum
  computers. (Dan Goodin, Ars Technica)

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