X-Industry

AI might not be coming for all jobs, but it might be coming for some.  UPS’s  https://www.ups.com  largest layoff in its 116-year history was the result of, in part, new technologies, including AI, CEO Carol Tomé said during an earnings call in February 2024.  Meanwhile, IBM plans to pause hiring for roles it thinks could soon be automated by AI, CEO Arvind Krishna told Bloomberg in 2023.

Workers are not optimistic about the future.  In a recent survey from McKinsey, 25% of business professional

A sophisticated Brazilian banking Trojan uses a novel method to hide its presence on Android devices.  A multi-tooled Trojan cuts apart Brazil's premier wire transfer app.  Could similar malware do the same to Venmo, Zelle, or PayPal?

"PixPirate" is multipronged malware specially crafted to exploit Pix, an app for making bank transfers developed by the Central Bank of Brazil. Pix makes a good target for Brazil-nexus cybercriminals since, despite being hardly three years old, it is already integr

Recently, executives from SentinelOne, Protect AI and IBM Consulting provided lawmakers on the cybersecurity and infrastructure protection subcommittee with a laundry list of recommendations to better combat AI threats.  Attacks by malicious hackers using artificial intelligence could swamp smaller companies that are already overwhelmed by cybercrime, experts warned lawmakers during a congressional hearing on 26 December 2023.[1]

Testifying before the House Homeland Security and Governmental Aff

Since the introduction of ChatGPT, the media and security experts have warned that phishing tactic are now more powerful, compelling and increasing in numbers. IBM’s X-Force Red wanted an objective assessment on this subjective assumption.  The method chosen was to test an AI-generated phishing email and a human generated email against employees working for a healthcare firm. Sixteen hundred staff members were selected: 800 received the AI phish, while the other 800 received the human phish.[1]

Microsoft spokesmen disclosed on 17 August 2023 that it found a new version of the BlackCat ransomware (aka ALPHV and Noberus) that embeds tools like Impacket and RemCom to facilitate lateral movement and remote code execution.  "The Impacket tool has credential dumping and remote service execution modules that could be used for broad deployment of the BlackCat ransomware in target environments," the company's threat intelligence team said in a series of posts on X (formerly Twitter).  "This Bla

For the first time, IBM   https://www.ibm.com has used a quantum computer to solve a problem that eludes the leading classical methods.  This accomplishment marks a significant milestone toward useful quantum computing systems and software. 

IBM has published a paper in Nature, https://www.nature.com/articles/s42254-021-00410-6, that describes a breakthrough in Quantum computing wherein they solved a complex problem that leading supercomputing approximation methods could not handle.  This achiev

A new cryptographic era is beginning where quantum computing will be able to break the encryption that underpins our entire digital society, this warning coming from Ms. Anne Dames, distinguished engineer at IBM.[1]  Speaking at an IBM press tour in Poughkeepsie, New York last, where Dames told journalists that “there’s a lot to be concerned about” when it comes to the potential threat of quantum attacks.  “We believe there will be a time when quantum computers can break the cryptographic protec

The cybercrime operators behind the notorious TrickBot malware have once again upped the ante by fine-tuning its techniques by adding multiple layers of defense to slip past antimalware products.  "As part of that escalation, malware injections have been fitted with added protection to keep researchers out and get through security controls," IBM Trusteer said in a report. "In most cases, these extra protections have been applied to injections used in the process of online banking fraud TrickBot'

Cyber-criminal and using the Corona Virus pandemic to spread the TrickBot malware.  These underhanded hackers are sending fake emails designed to look like notifications from the US Department of Labor concerning changes to the Family and Medical Leave Act (FMLA), which can provide up to 12 weeks of unpaid leave for employees who are ill or need to care for someone with a serious medical condition.  Benefits from FMLA increased in March 2020 when US President Trump signed the Families First Coro