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U.S. Lawmakers Criticize U.K. Backdoor Order to Apple

Reuters In a letter to U.K. Home Secretary Yvette Cooper, U.S. House Judiciary Committee Chair Jim Jordan and U.S. House Foreign Affairs Committee Chair Brian Mast argued that the Technical Capability Notice ordering Apple to establish a backdoor to its encrypted user data “introduces systemic vulnerabilities that can be exploited by malicious actors, including cybercriminals […]

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Google Identifies New Malware Linked to Russia-based Hackers

Reuters Google identified new malware called “LOSTKEYS” tied to hacking group Cold River, which has previously been linked to Russia’s Federal Security Service. The malware can steal files and send system information to attackers. Cold River is primarily known for stealing login credentials for high-profile targets, including those within NATO governments, non-governmental organizations, and former […]
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U.S. to Rescind, Replace Global AI Chip Export Curbs

Reuters The White House plans to rescind and modify a rule set to take effect on May 15 that would curb exports of AI chips, a spokeswoman for the U.S. Department of Commerce confirmed on Wednesday. The regulation was aimed at restricting AI chip and technology exports to rivals by dividing the world into tiers […]
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Court-Appointed Overseer for 23andMe Genetic Data in Bankruptcy

Reuters Genetic testing company 23andMe, which has collected genetic data from 15 million customers, agreed to allow a court-appointed overseer take charge of ensuring customers’ genetic data remains protected during the company’s bankruptcy. 23andMe had initially proposed hiring a “customer data representative” who would have had a more limited focus on ensuring that a future […]
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China’s Xi Calls for Self-Sufficiency in AI Development

Reuters During an April 25 Politburo meeting study session, Chinese President Xi Jinping said China’s AI development will involve “self-reliance and self-strengthening.” According to the official Xinhua news agency, Xi said, “We must recognize the gaps and redouble our efforts to comprehensively advance technological innovation, industrial development, and AI-empowered applications,” with policy support provided in […]
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North Korean Cyber Spies Created U.S. Firms to Dupe Crypto Developers

Reuters North Korean cyber spies created two businesses in the U.S. to infect developers working in the cryptocurrency industry with malicious software, according to researchers at cybersecurity firm Silent Push. Blocknovas LLC and Softglide LLC were set up using fake personas and addresses, said the researchers. The hackers sought to infect applicants for fake jobs […]
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FBI Says Cybercrime Costs Surpassed $16 Billion in 2024

Reuters The Internet Crime Complaint Center of the U.S. Federal Bureau of Investigation (FBI) said global cybercrime costs topped $16 billion in 2024, up a third from the prior year. Low-tech, tech support, and romance scams accounted for much of the losses, according to an FBI report based on almost 860,000 complaints, most from the […]
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Apple, Meta Fined for Breach of EU Law

Reuters The European Commission on Wednesday fined Apple 500 million euros (US$568 million) and fined Meta 200 million euros (US$227 million) in its first sanctions under the Digital Markets Act (DMA). The EC said Apple must remove restrictions that prevent app developers from steering users to cheaper deals outside the App Store, and that Meta’s […]
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South Korea Unveils $23-Billion Support Package for Chips

Reuters South Korea on April 15 boosted its semiconductor industry support package to 33 trillion won ($23.25 billion), marking a gain of around 25% from 26 trillion won last year. Additionally, the government will increase a financial assistance program for the chips industry to 20 trillion won from 17 trillion won last year. The moves […]
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U.S. Chipmakers Outsourcing Manufacturing Will Escape China’s Tariffs

Reuters The state-backed China Semiconductor Industry Association said in an April 11 “urgent notice” on WeChat that U.S. chipmakers that outsource manufacturing will be exempt from retaliatory tariffs on U.S. imports. The notice stated, “For all integrated circuits, whether packaged or unpackaged, the declared country of origin for import customs purchases is the location of […]

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