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Senator Urges FTC, SEC to Investigate UHG’s Cyberattack – Source: www.databreachtoday.com

senator-urges-ftc,-sec-to-investigate-uhg’s-cyberattack-–-source:-wwwdatabreachtoday.com

Source: www.databreachtoday.com – Author: 1 Fraud Management & Cybercrime , Healthcare , Industry Specific Asks Agencies Not to ‘Scapegoat’ Firm’s CISO, But to Hold CEO and Board Accountable Marianne Kolbasuk McGee (HealthInfoSec) • May 31, 2024     Sen. Ron Wyden, D-Ore. (Image: U.S. Congress) U.S. Sen. Ron Wyden, D-Ore., is urging the U.S. Securities […]

La entrada Senator Urges FTC, SEC to Investigate UHG’s Cyberattack – Source: www.databreachtoday.com se publicó primero en CISO2CISO.COM & CYBER SECURITY GROUP.

Finding a job in Ireland is easy. Finding a place to live is the hard bit

Dublin does not seem a fair city to those who move there to work but can’t afford a home. Ireland’s coalition government says it is acting on housebuilding, but bosses and staff say it must try harder

Ireland’s economy is “absolutely booming,” says Stephen O’Dwyer, the founder and owner of Dublin’s Tang cafe/restaurant chain. “But it has left people facing a very unequal and difficult society to work in.”

At the top of O’Dwyer’s concerns is housing, which is cited by businesses large and small as a significant barrier to Ireland’s economic growth. The capital is not alone: cities from Cork to Limerick report acute housing shortages and rising levels of homelessness.

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© Photograph: Tolga Akmen/EPA

Actors win apology from English charity watchdog in row over board ‘coup’

Charity Commission says lessons have been learned after dispute involving Penelope Keith, Siân Phillips and ABF

The actors Dame Penelope Keith and Dame Siân Phillips have won a hard-fought apology from England’s charity watchdog after it admitted to blunders in its handling of a case involving a £40m actors’ hardship fund.

The pair, who with others were removed from the board of the Actors’ Benevolent Fund (ABF) two years ago in what they argued was an unlawful coup by rival trustees, had accused the Charity Commission of mismanaging its stewardship of the charity.

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© Photograph: WPA/Getty Images

Google Eats Rocks, a Win for A.I. Interpretability and Safety Vibe Check

“Pass me the nontoxic glue and a couple of rocks, because it’s time to whip up a meal with Google’s new A.I. Overviews.”

© Photo Illustration by The New York Times; Photo: Enter89/Getty Images (rocks); T Kimura/Getty Images (plate)

Boeing production cap extended as regulator steps up safety checks

Federal Aviation Administration will meet company weekly and tells it to transform its safety culture

Boeing faces continued limits on the number of planes it manufactures as well as increased safety inspections after the US aviation regulator called on it to transform its safety culture.

The Federal Aviation Administration (FAA) held a three-hour meeting on Thursday with senior Boeing executives, who outlined the US aircraft maker’s plan to resolve problems with safety and quality control.

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© Photograph: Jason Redmond/Reuters

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© Photograph: Jason Redmond/Reuters

Business manifestos: six pre-election proposals touted by UK industry

The business groups’ big ideas, from payroll savings schemes to making big tech compensate for fraud on its platforms

Business interest groups are jostling for influence over political parties’ priorities before the 4 July election. Here are some of the big ideas being touted by the UK’s largest industry bodies in their own manifestos.

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© Photograph: Victoria Jones/PA

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© Photograph: Victoria Jones/PA

Packaging firm calls for tighter UK rules on plastics to drive green economy

FTSE 100 firm DS Smith, which works with firms over alternatives, urges next government to match global standards

Whoever wins the UK general election must tighten regulations to reduce the use of plastic packaging, match global standards and drive “green consumption”, the boss of one of the sector’s biggest manufacturers has urged.

Miles Roberts, the chief executive of the packaging firm DS Smith, made the call to the next government as the company celebrated passing its target to replace more than 1bn pieces of plastic 16 months early.

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© Photograph: Allison Dinner/EPA

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© Photograph: Allison Dinner/EPA

The ugly truth behind ChatGPT: AI is guzzling resources at planet-eating rates | Mariana Mazzucato

Big tech is playing its part in reaching net zero targets, but its vast new datacentres are run at huge cost to the environment

  • Mariana Mazzucato is professor of economics at UCL, and director of the Institute for Innovation and Public Purpose

When you picture the tech industry, you probably think of things that don’t exist in physical space, such as the apps and internet browser on your phone. But the infrastructure required to store all this information – the physical datacentres housed in business parks and city outskirts – consume massive amounts of energy. Despite its name, the infrastructure used by the “cloud” accounts for more global greenhouse emissions than commercial flights. In 2018, for instance, the 5bn YouTube hits for the viral song Despacito used the same amount of energy it would take to heat 40,000 US homes annually.

This is a hugely environmentally destructive side to the tech industry. While it has played a big role in reaching net zero, giving us smart meters and efficient solar, it’s critical that we turn the spotlight on its environmental footprint. Large language models such as ChatGPT are some of the most energy-guzzling technologies of all. Research suggests, for instance, that about 700,000 litres of water could have been used to cool the machines that trained ChatGPT-3 at Microsoft’s data facilities. It is hardly news that the tech bubble’s self-glorification has obscured the uglier sides of this industry, from its proclivity for tax avoidance to its invasion of privacy and exploitation of our attention span. The industry’s environmental impact is a key issue, yet the companies that produce such models have stayed remarkably quiet about the amount of energy they consume – probably because they don’t want to spark our concern.

Mariana Mazzucato is professor in the economics of innovation and public value at University College London, where she is founding director of the UCL Institute for Innovation & Public Purpose

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© Photograph: Martin Bernetti/AFP/Getty Images

‘Fleecing the man off the street’: Car dealers investigated over high interest rates

The FCA is considering opening a compensation scheme for customers after an influx of complaints

When Gary Hill took out a £12,500 loan to pay for a new family vehicle in late 2014, he had no idea that the north London dealership he had travelled to from his home in Bedfordshire could have sway over his monthly payments.

But the 45-year-old was in a bind, having started a new job that no longer gave him access to a company car. Hill agreed to pay £335 a month over more than five years to take home a Nissan Qashqai, piling costs on to a household budget already supporting three children and the up-keep of his family home.

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© Photograph: Carl Court/Getty Images

Utopia Must Fall

Utopia Must Fall is a browser game (for mobile too) that evokes the days of 1970s and 80s vector scan arcade games. There are nods to Asteroids, Gravitar, Tac-Scan, Space Fury and other more modern titles like Geometry Wars, with gameplay reminiscent of Missile Command but with a research and upgrade upgrade system. The password is CEASEFIRE if it asks.

Saudi Arabia Eyes a Future Beyond Oil

The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.

© Iman Al-Dabbagh for The New York Times

Arrays of solar panels help power the Jazlah Water Desalination plant in Jubail, Saudi Arabia, reducing carbon dioxide emissions.

David Beckham becomes ambassador for Chinese tech group sponsoring Euro 2024

Ex-England footballer’s deal with Alibaba’s AliExpress follows tie-ups with Hugo Boss and SharkNinja

The former England footballer David Beckham has signed up as a global ambassador for AliExpress, an online retail platform owned by the Chinese tech group Alibaba.

The deal comes in the run-up to the Euro 2024 football tournament, which starts in June, and is the latest tie-up for Beckham, following hot on the heels of partnerships with the suit maker Hugo Boss and the air fryer maker SharkNinja in recent weeks. He is also an ambassador for Tudor watches, Tempur mattresses, Unicef, and Nespresso coffee machines, and he also fronts a Walkers crisps ad.

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© Photograph: Dominic Lipinski/Getty Images

Elon Musk’s xAI raises $6bn in bid to take on OpenAI

Funding round values artificial intelligence startup at $18bn before investment, says multibillionaire

Elon Musk’s artificial intelligence company xAI has closed a $6bn (£4.7bn) investment round that will make it among the best-funded challengers to OpenAI.

The startup is only a year old, but it has rapidly built its own large language model (LLM), the technology underpinning many of the recent advances in generative artificial intelligence capable of creating human-like text, pictures, video, and voices.

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© Photograph: Anadolu Agency/Anadolu/Getty Images

Scarlett Johansson’s OpenAI clash is just the start of legal wrangles over artificial intelligence

Hollywood star’s claim ChatGPT update used an imitation of her voice highlights tensions over rapidly accelerating technology

When OpenAI’s new voice assistant said it was “doing fantastic” in a launch demo this month, Scarlett Johansson was not.

The Hollywood star said she was “shocked, angered and in disbelief” that the updated version of ChatGPT, which can listen to spoken prompts and respond verbally, had a voice “eerily similar” to hers.

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© Photograph: Gareth Cattermole/Getty Images

Jeff Dodds: the Formula E boss planning a move into pole position

Petrolheads are quick to scorn the idea of electric car racing, but the series’ chief executive is sure that time, technology – and even geography – are on his side

Jeff Dodds has been a fan of Formula One “all my life”, he says. That is probably a good thing because, as chief executive of electric racing series Formula E, he must find the comparison with its fossil-fuelled cousin is constant.

So he takes it head-on. Such is the growth and improvement in technology in Formula E that one day, he says, it is “realistic that a question will be asked about whether both can exist together”. Talking to the Observer in the race company’s west London headquarters, he adds that maybe one day, as Formula E develops, “they won’t [both exist]”.

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© Photograph: Sam Bagnall/LAT Images

Big tech has distracted world from existential risk of AI, says top scientist

Max Tegmark argues that the downplaying is not accidental and threatens to delay, until it’s too late, the strict regulations needed

Big tech has succeeded in distracting the world from the existential risk to humanity that artificial intelligence still poses, a leading scientist and AI campaigner has warned.

Speaking with the Guardian at the AI Summit in Seoul, South Korea, Max Tegmark said the shift in focus from the extinction of life to a broader conception of safety of artificial intelligence risked an unacceptable delay in imposing strict regulation on the creators of the most powerful programs.

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© Photograph: Horacio Villalobos/Corbis/Getty Images

An ‘Unwelcome Development’ in MediSecure Data Breach Incident

MediSecure Data Breach Incident, E-Prescription, eRx

Australian cyber chief announced Friday an “unwelcome development” in the recently disclosed MediSecure data breach. A hacker claimed to possess the patient data likely siphoned during the ransomware attack and listed it for sale on a Russian hacking forum for $50,000.
“We are aware a dataset purporting to be from the MediSecure breach has been advertised for sale on a dark web marketplace, along with a sample of the data,” said Australia’s National Cyber Security Coordinator, Lieutenant General Michelle McGuinness.
She said that all federal agencies involved in the response to the data breach incident “are aware of the advertisement” and “are working with MediSecure to verify the data that has been posted online.” MediSecure, only one of the two providers of electronic prescription services to healthcare professionals in Australia, announced last week that it had fallen victim to a large-scale ransomware attack. Preliminary investigation over the weekend revealed that it was an “isolated” attack and no impact on current e-Prescriptions was observed. However, personal and health data of its customers and providers until November 2023 was likely accessed, the company confirmed. The Australian Federal Police and Australian Signals Directorate are now investigating and responding to the incident under joint standing arrangements of Operation Aquila.

The Hacker Claim and Attempted Sale

A week after the MediSecure data breach incident became public, a Russian hacking forum member claimed to have 6.5 terabytes of data including personal information of thousands of Australians, available for sale. The post on the forum read, “For sale: Database of an Australian medical prescriptions company MedSecure [sic].” It detailed the information available, including citizens' insurance numbers, phone numbers, addresses, full names, supplier and contractor information, emails, username and passwords for the MediSecure website, prescription details and IP addresses of site visitors. The forum member stated they would sell the information to only one buyer. Hacktivist tracker CyberKnow group indicated that their research suggested the forum post was likely legitimate. They noted the threat actor created this Russian hacker forum account on May 15, likely for the sole purpose of selling the stolen MediSecure data. CyberKnow group said the actor’s pivot to the new forum could also be due to the recent seizure of BreachForums. The threat actor has not posted anything else to the forum.
“It appears from the limited information that this is not a traditional ransomware extortion shakedown and it begs to wonder if there was any negotiation or extorting attempt between the threat actor and Medisecure,” CyberKnow group said.
“Australians should recognize that the cyberthreat landscape is diverse, and groups and actors can impact businesses regardless of their capability, organization, or structure,” it added. The cyber chief McGuinness warned Australians against searching for this alleged MediSecure data set. “Accessing stolen sensitive or personal information on the dark web only feeds the business model of cybercriminals,” she said. “While this is an unwelcome development, I want to again assure Australians that if individuals are at risk of serious harm through the publication of their information, then we will work with MediSecure to make sure that individuals are appropriately informed, so they may take steps to protect themselves from any further risk to their personal information.”

Hack Calls for Stricter Legislative Reforms

Earlier this week, Australian Privacy Commissioner Carly Kind accepted there are ongoing challenges in how organizations collect and protect customer data. She said, “any major data breach reinforces the reality of today’s world: there are increasing cyber threats and continual challenges to digital defenses.” Kind advised organizations to prioritize protecting individuals' personal information, review and improve their practices and only collect necessary information. She urged, “Know what information you hold. And if that information is not necessary to your business, delete it.” She also called for urgent legislative reforms to ensure all Australian organizations build the highest levels of security into their operations.
“The coverage of Australia’s privacy legislation lags behind the advancing skills of malicious cyber actors. Reform of the Privacy Act is urgent, to ensure all Australian organizations build the highest levels of security into their operations and the community’s personal information is protected to the maximum extent possible,” Kind said.
The OAIC’s office is additionally investigating whether MediSecure complied with federal laws requiring companies to notify authorities of a data breach. Media Disclaimer: This article is based on internal and external research obtained through various means. The information provided is for reference purposes only, and users bear full responsibility for their reliance on it. The Cyber Express assumes no liability for the accuracy or consequences of using this information.

Education for "a whole ecosystem working together"

"Right now in Hollywood, certain actors are having intimacy coordinators baked into their contracts, which I think is awesome," says Jasmine. "For us in the adult industry, that might look like performers saying, 'I'm going to bring my friend with me for support', but, instead of taking two people but paying for one, it would be really great if [there was an industry standard, so every studio] could say, 'Our budget includes an intimacy coordinator, as well as mental health support before, during, and after'." from Meet the Trailblazers Changing the Face of Porn [Huck] [NSFW]

ScarJo vs. ChatGPT, Neuralink’s First Patient Opens Up, and Microsoft’s A.I. PCs

“Did you ever think we would have a literal Avenger fighting back against the relentless march of A.I.? Because that’s sort of what this story is about.”

© Photo Illustration by The New York Times; Photo: Evan Agostini/Invision, via Associated Press

‘Sorry, no one is in’: few are at home for Margaret Hodge’s ‘kleptocracy walking tour’

Campaigning Labour MP knocks on doors of wealthy London homes bought by foreign leaders who are subject to sanctions

Margaret Hodge, the veteran Labour MP and former minister, is on a mission to knock on the doors of multimillion-pound London properties.

The luxury homes she is calling on are linked to the Russian foreign minister, Sergei Lavrov, and the Azerbaijani president, Ilham Aliyev, in gated communities in Kensington, west London, and closely guarded by private security.

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© Photograph: @margarethodge

Things can only get better? For Sunak and the UK economy, this might be as good as it gets

Economies decide elections but with growth tentative, inflation sticky, and tax cuts unlikely, why would the PM wait

When you are 20 or so points behind in the opinion polls calling an election before you need to do so is a high-risk strategy. Yet Rishi Sunak has decided that holding on until the autumn is an even bigger gamble. The economy decides elections, and as far as the prime minister is concerned, this could be as good as it gets.

Sunak has only come to this view recently. After sliding into a shallow recession at the end of 2023, the economy has only just returned to growth. Living standards – which took a hammering during the cost of living crisis – have been picking up. Inflation has fallen from a high of 11.1% in October 2022 to 2.3%, only just above its target.

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© Photograph: Tolga Akmen/EPA

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© Photograph: Tolga Akmen/EPA

UK inflation falls by less than expected to 2.3%, reducing chance of June rate cut

Drop in April is smaller than forecast but level is still lowest in almost three years

UK inflation fell to 2.3% in April – its lowest level for almost three years – but the decline was smaller than expected, denting hopes of an early interest rate cut.

City analysts had forecast the annual increase in the cost of goods and services would fall to 2.1%, close to the Bank of England’s 2% target.

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© Photograph: Matthew Horwood/Getty Images

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© Photograph: Matthew Horwood/Getty Images

Big drop in UK inflation rate disguises more disappointing details

Service sector inflation, monitored closely by Bank of England, barely budged in April

The annual inflation rate fell sharply in April. Prices are rising more slowly than at any time in almost three years. Inflation is lower in the UK than it is in the EU.

Even so, the latest bulletin on the cost of living from the Office for National Statistics was mildly disappointing. April’s inflation figure was always going to be good, with a sharp fall guaranteed by the fact the energy price increases of a year earlier were not repeated.

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© Photograph: Murdo MacLeod/The Guardian

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© Photograph: Murdo MacLeod/The Guardian

Non-invasive zaps to the spinal cord can treat paralysis—but no one knows why

Trial participant Sherown Campbell manipulating a Rubik's Cube.

Enlarge / Trial participant Sherown Campbell manipulating a Rubik's Cube. (credit: UP-LIFT Trial)

With a zap of electricity from well-placed electrodes on the back of the neck, patients with tetraplegia can regain some modest yet potentially "life-changing" functioning of their hands and arms, according to data from a small clinical trial published Monday in Nature Medicine.

The relatively simple stimulation method—which requires no surgery—offers an accessible and more affordable non-invasive means for those living with paralysis to regain some meaningful function, the researchers behind the trial say. However, the therapy's further potential remains limited given that scientists have yet to fully understand exactly why it works.

For the trial, 60 patients with tetraplegia underwent the stimulation therapy over at least 24 sessions during a two-month period. At the end, 72 percent (43 patients) saw clinically meaningful improvements in both strength and functional performance. Further, 90 percent (54 patients) saw improvement from at least one strength or functional outcome. There were no serious adverse events reported.

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Online car dealer Cazoo collapses into administration putting 200 jobs at risk

UK-based used-car website once valued at £6bn is now looking for a buyer for its remaining assets

The online car dealer Cazoo, which was once valued at $8bn (£6.3bn), has collapsed into administration, putting 200 jobs at risk.

Administrators at Teneo have been appointed to the business, which was founded by Alex Chesterman, the serial entrepreneur who also launched property site Zoopla and Netflix forerunner LoveFilm.

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© Photograph: Dado Ruvić/Reuters

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© Photograph: Dado Ruvić/Reuters

The Paperless Post Founders Changed How We Party

When James and Alexa Hirschfeld started Paperless Post 15 years ago, some saw its digital invitations as a fad. Instead, they have become a fixture of events and have spawned imitators.

© Jonah Rosenberg for The New York Times

James Hirschfeld and his sister, Alexa Hirschfeld, at the Paperless Post office in Manhattan’s Financial District.

Productivity soars in sectors of global economy most exposed to AI, says report

Employers in UK, one of 15 countries studied, willing to pay 14% wage premium for jobs requiring AI skills

The sectors of the global economy most heavily exposed to artificial intelligence (AI) are witnessing a marked productivity increase and command a significant wage premium, according to a report.

Boosting hopes that AI might help lift the global economy out of a 15-year, low-growth trough, a PwC study found productivity growth was almost five times as rapid in parts of the economy where AI penetration was highest than in less exposed sectors.

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© Photograph: Dado Ruvić/Reuters

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© Photograph: Dado Ruvić/Reuters

UK cannot afford to give ‘cold shoulder’ to China, says City minister

Bim Afolami’s comments distance British government from protectionist moves by US

The UK cannot afford to give the “cold shoulder” to China, the City minister said on Monday, in comments that will distance the British government from the Biden administration’s protectionist crackdown.

Addressing financial services bosses at the City Week conference in London’s Guildhall, Bim Afolami said it was “crucial” to engage with strategic competitors such as Beijing, and that the UK risked losing control of its economic future if it failed to find common ground.

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© Photograph: Tolga Akmen/EPA

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© Photograph: Tolga Akmen/EPA

Tell us: are you splurging on luxury goods you can ill afford?

We’d like to hear from people who have been purchasing luxury goods and experiences in recent years, and how they feel about their spending habits

We’re interested to hear about people’s spending habits in the area of upmarket or luxury goods, services and experiences, and whether they are generally happy with their spending on non-essentials.

We’d like to know whether you have spent money on expensive non-essential items such as designer clothing, high end housewares, luxury holidays, expensive beauty or wellness treatments, or exclusive dining, for instance, in the past year, and if so, whether you have struggled to afford this.

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© Photograph: Alberto Pezzali/AP

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© Photograph: Alberto Pezzali/AP

Void Manticore: Iranian Threat Actor Targeting Israel and Beyond with Data Wipers

Void Manticore

An Iranian threat actor affiliated with the Ministry of Intelligence and Security (MOIS) is using destructive data wiping attacks combined with influence operations to target Israel and Albania. Tracked as Void Manticore, aka Storm-842, the threat actor operates under multiple online personas in which the primary alias includes “Homeland Justice” for attacks in Albania and "Karma" for those in Israel. Since October 2023, Check Point Research monitored Void Manticore's activities targeting Israeli organizations with destructive attacks using wipers and ransomware. The group employs five different methods for disruptive operations, including custom wipers for both Windows and Linux operating systems, as well as manual deletion of files and shared drives. Void Manticore’s activities in Israel are marked by the use of a custom wiper named “BiBi,” after Israeli Prime Minister Benjamin Netanyahu. The group also uses a persona named "Karma" to leak stolen information, portraying themselves as an anti-Zionist Jewish group. This persona gained prominence during the Israel-Hamas conflict in late 2023. Void Manticore threat actor employs relatively simple and direct techniques, often using basic publicly available tools. Their operations typically involve lateral movements using Remote Desktop Protocol (RDP) and the manual deployment of wipers. One of their prominent tools is “Karma Shell,” a homebrewed web shell disguised as an error page. This malicious shell is capable of directory listing, process creation, file uploads, and service management.

The Destructive Wiper Capabilities of Void Manticore

Void Manticore utilizes various custom wipers in their attacks:
  1. Cl Wiper: First used in attacks against Albania, this wiper uses the ElRawDisk driver to interact with files and partitions, effectively erasing data by overwriting physical drives with predefined buffers.
  2. Partition Wipers: These wipers remove partition information, leading to the loss of all data on the disk by corrupting the partition table, resulting in a system crash during reboot.
  3. BiBi Wiper: Deployed in recent attacks against Israel, this wiper exists in both Linux and Windows variants. It corrupts files and renames them with specific extensions, causing significant data loss.
Apart from automated wipers, Void Manticore engages in manual data destruction using tools like Windows Explorer, SysInternals SDelete and the Windows Format utility, furthering their impact on targeted systems.

Psychological Warfare and Collaboration with Scarred Manticore

Void Manticore’s strategy also includes psychological operations, aiming to demoralize and disrupt their targets by publicly leaking sensitive information. This dual approach amplifies the impact of their cyberattacks, making them a formidable threat. Notably, there is a significant overlap and cooperation between Void Manticore and another Iranian threat group, Scarred Manticore (aka Storm-861). Analysis shows a systematic handoff of victims between these two groups. For instance, Scarred Manticore might establish initial access and exfiltrate data after which Void Manticore executes the destructive data wiping attack. This collaboration enables Void Manticore threat actor to leverage Scarred Manticore’s advanced capabilities and gain access to high-value targets. “In the case of one victim, we discovered that after residing on the targeted network for over a year, Scarred Manticore was interacting with the infected machine at the exact moment a new web shell was dropped to disk. Following the shell’s deployment, a different set of IPs began accessing the network, suggesting the involvement of another actor – Void Manticore,” the researchers said. “The newly deployed web shell and subsequent tools were significantly less sophisticated than those in Scarred Manticore’s arsenal. However, they led to the deployment of the BiBi wiper, which is linked to Karma’s activity.” Void Manticore represents a significant cyber threat, particularly in the context of geopolitical tensions involving Iran. Iranian President Ebrahim Raisi died in a helicopter crash in a remote area of the country. Rescuers identified Raisi's body early Monday after searching in the mountainous northwest near the Azerbaijan border. Since his election in 2021, Raisi had tightened morality laws, cracked down on antigovernment protests and resisted international oversight of Tehran’s nuclear program. Israel’s war in Gaza has escalated conflicts with Iran-backed groups like Hezbollah in Lebanon and the Houthis in Yemen. Last month, Iran and Israel exchanged direct strikes. It is still unclear whether Raisi’s death is also linked to Israeli operations. Meanwhile, the recent escalations meant that Void Manticore’s coordinated operations with Scarred Manticore, combines their dual approach of technical destruction and psychological manipulation and positions them as a highly dangerous actor. Their activities not only target infrastructure but also aim to influence public perception and political stability, underlining the multifaceted nature of modern cyber warfare. Media Disclaimer: This report is based on internal and external research obtained through various means. The information provided is for reference purposes only, and users bear full responsibility for their reliance on it. The Cyber Express assumes no liability for the accuracy or consequences of using this information.

British Land sells stake in Sheffield’s Meadowhall shopping centre for £360m

Norway’s sovereign wealth fund to take full control of the largest shopping centre in Yorkshire

The property developer British Land has sold its 50% stake in the Meadowhall shopping centre in Sheffield to Norway’s sovereign wealth fund in a £360m deal, ending its holding in the site after 25 years.

Norges Bank Investment Management will take full control of the shopping centre, the largest in Yorkshire. It already owned 50%, having first invested in 2012.

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© Photograph: Mark Richardson/Alamy

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© Photograph: Mark Richardson/Alamy

London-listed Keywords Studios says it will accept £2bn offer

Video game services company backs EQT private equity bid in latest foreign move on UK-listed firm

The video game services company Keywords Studios has said it would be willing to accept a £2bn buyout offer, in the latest foreign takeover of a London-listed business.

Shares in the Dublin-headquartered Keywords jumped 62% on Monday morning after it said it would be minded to recommend an offer from the Swedish private equity investor EQT Group.

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© Photograph: Volodymyr Kalyniuk/Alamy

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© Photograph: Volodymyr Kalyniuk/Alamy

The Guardian view on net zero: a bank-led green transition won’t work for Britain | Editorial

A state industrial strategy is needed to reduce carbon output, produce cleaner growth and redistribute jobs around the UK

Theresa May and Boris Johnson both argued for levelling up and for a state-supported green transition undergirded by an industrial strategy. Neither delivered and their successor, Rishi Sunak, has repudiated their legacy as prime minister. He looks to the City to deliver growth, with banks determining the rate of investment to meet the challenge of the climate emergency. This is a recipe for failure. The Climate Change Committee (CCC), the government’s independent advisers on cutting carbon emissions, warned last year of “worryingly slow” progress to meet net zero targets. The government is not engaging on what it will take to decarbonise.

Weaning the country off fossil fuels and on to green energy is a complex transition that should be a job for the state, not the free market. Yet Britain is bottom of the league for state spending on renewables in the Organisation for Economic Co-operation and Development. In the offshore industry alone 30,000 workers could end up with nowhere to go by 2030 without new roles in green industries. Relying on big finance to meet that gap will entrench today’s failing model, which emphasises the need to attract significant capital flows through deregulation and privatisation, strengthening the hand of boom-and-bust financial services and weakening labour rights. The flipside is a bigger trade deficit and a destructive politics of redistribution to asset holders and to London.

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© Photograph: Danny Lawson/PA

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© Photograph: Danny Lawson/PA

‘Everyone wants a plane for summer’: luxury trade fair woos super-rich

Elite London billed as ‘unique platform for luxury lifestyle brands’, with entry level helicopters costing upwards of £3.2m

“There are enough people, with enough money to buy them,” Sharmaine Guelas says as she shows off the specifications of a €3.7m (£3.2m) forest green five-passenger helicopter at Elite London, a “luxury” trade fair.

Billed as a “unique platform for luxury lifestyle brands to showcase themselves in front of a select and discerning audience”, it is largely frequented by members of global super-wealthy.

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© Photograph: Graeme Robertson/The Guardian

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© Photograph: Graeme Robertson/The Guardian

SugarGh0st RAT Campaign Targets U.S. AI Experts

SugarGh0st Campaign Targets Al Experts

Researchers have identified a recent cyber espionage campaign by a China-linked threat actor dubbed "UNK_SweetSpecter," which aims to harvest generative artificial intelligence (AI) secrets from experts in the United States. The threat actor targets AI experts using a remote access trojan (RAT) malware called SugarGh0st.  SugarGh0st infiltrates the systems of a highly selective list of AI experts from different verticals such as tech companies, government agencies and academic institutions. The SugarGh0st RAT was originally reported in November 2023 but was observed in only a limited number of campaigns. It is a custom variant of the Gh0st RAT, a tool that was first publicly attributed to a Chinese threat group in 2008. Researchers suspect that the threat actor UNK_SweetSpecter is likely of Chinese origin.

Spear-Phishing SugarGh0st Campaign Targets AI Experts

Proofpoint researchers discovered that the targets of this campaign were all connected to a leading US-based AI organization and were lured with distinct AI-themed emails. The infection chain began with a seemingly innocuous email from a free account, claiming to seek technical assistance with an AI tool. The attached zip file contained a shortcut file (LNK) that deployed a JavaScript dropper upon access. This dropper included a decoy document, an ActiveX tool for sideloading, and an encrypted binary, all encoded in base64. The infection chain ended with SugarGh0st RAT being deployed on the victim's system and communication being established with the attacker's command and control server. Analysis of the attack stages revealed that the group had shifted their C2 communications from an earlier domain to a new one, indicating their detection evasion motives. While the malware itself is relatively unsophisticated in it's attack chain, the targeted nature of AI the campaign makes it significant, the researchers noted. The SugarGh0st RAT was previously used in targeted campaigns in Central and East Asia.

Potential Motivations, Attribution and Context

Although direct attribution to a specific nation-state is challenging, researchers concluded the presence of Chinese language artifacts and the precise targeting of AI experts suggest a possible link to China-linked threat actors. The campaign also coincides with the U.S. government's efforts to restrict Chinese access to generative AI technologies. The new regulations established by the Biden administration would likely restrict the export of AI models, and their data to countries it deemed hostile to U.S. interests, such as Russia, China, North Korea and Iran. The Chinese Embassy labeled the action as economic coercion and unilateral bullying. Earlier in February, Microsoft reported observing Chinese, Russian, North Korean and Iranian threat actors' attempting to leverage AI tools from big tech AI companies like OpenAI for their campaigns. The report indicated that Chinese threat actors used AI tools to boost their technical prowess such as the development of tools and phishing content, while the Russian threat actors were observed researching  satellite and radar technologies possibly related to the war in Ukraine. With the regulatory efforts aimed at restricting proprietary/closed-source AI models, researchers theorize that this campaign is likely an attempt by a China-affiliated actor to harvest generative AI secrets via cyber theft before the policies are enacted. Media Disclaimer: This report is based on internal and external research obtained through various means. The information provided is for reference purposes only, and users bear full responsibility for their reliance on it. The Cyber Express assumes no liability for the accuracy or consequences of using this information.
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