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Archive for the ‘finance’ category: Page 54

Jun 20, 2022

BRATA Android Malware Gains Advanced Mobile Threat Capabilities

Posted by in categories: cybercrime/malcode, finance, robotics/AI

Cybercriminals behind BRATA have added more APT capabilities to the Android mobile malware to make their attacks on financial apps even more stealthy.

Jun 18, 2022

Saudi Arabia Pledges $1 Billion a Year to Anti-Aging Research

Posted by in categories: biotech/medical, finance, life extension

The Beginnings of a biotechnology revolution in Saudi Arabia?


The Saudi royal family, led by king Salman bin Abdulaziz have announced the formation of a non-profit research foundation which intends to spend $1 billion of the countries considerable annual oil revenue on supporting anti-aging research. If such funding materialises, it will make Saudi Arabia the single greatest financial contributor to longevity research.

The Saudi royal family aims to distribute this funding through a non-profit organisation called the Hevolution Foundation 0, which was founded by Dr Mehmood Khan, formerly of the Mayo Clinic. In a formal introduction to the Hevolution Foundation, Dr Khan had the following to say.

Jun 16, 2022

Gene Genies: Inside The Revolutionary Biotech That Can Edit DNA Inside Living Humans

Posted by in categories: bioengineering, finance

John Leonard built Intellia Therapeutics with Jennifer Doudna, the Nobel Prize-winning scientist who pioneered gene editing technology. Intellia has figured out how to alter disease-causing genes inside patients, but before any breakthrough treatments come, it must cure itself of financial ills.

Jun 12, 2022

SpaceX-Affiliated Group Giving Out Funding for Warp Drive Research

Posted by in categories: education, finance, space travel

Covering interstellar distances rapidly may still be a distant dream, but it’s now getting unprecedented financial support.

A nonprofit called the Limitless Space Institute, co-founded by former NASA warp drive researcher Harold “Sonny” White and retired astronaut Brian Kelly in 2020, is generating enough excitement — and funding — for the concept that it’s started giving out educational and research grants to schools and universities, as detailed by Universe Today.

The Institute, whose mission statement is to “inspire and educate the next generation to travel beyond our solar system and support the research and development of enabling technologies,” has even picked up some increasingly mainstream support. Take Gwynne Shotwell, the chief operations officer and second-in-command of SpaceX, who joined as an independent advisor in April, joining other bigshots in the aerospace sector including several retired astronauts involved with the venture.

Jun 12, 2022

AI’s Threats to Jobs and Human Happiness Are Very Real

Posted by in categories: economics, education, employment, existential risks, finance, robotics/AI, transportation

There’s a movement afoot to counter the dystopian and apocalyptic narratives of artificial intelligence. Some people in the field are concerned that the frequent talk of AI as an existential risk to humanity is poisoning the public against the technology and are deliberately setting out more hopeful narratives. One such effort is a book that came out last fall called AI 2041: Ten Visions for Our Future.

The book is cowritten by Kai-Fu Lee, an AI expert who leads the venture capital firm Sinovation Ventures, and Chen Qiufan, a science fiction author known for his novel Waste Tide. It has an interesting format. Each chapter starts with a science fiction story depicting some aspect of AI in society in the year 2041 (such as deepfakes, self-driving cars, and AI-enhanced education), which is followed by an analysis section by Lee that talks about the technology in question and the trends today that may lead to that envisioned future. It’s not a utopian vision, but the stories generally show humanity grappling productively with the issues raised by ever-advancing AI.

IEEE Spectrum spoke to Lee about the book, focusing on the last few chapters, which take on the big issues of job displacement, the need for new economic models, and the search for meaning and happiness in an age of abundance. Lee argues that technologists need to give serious thought to such societal impacts, instead of thinking only about the technology.

Jun 11, 2022

AMD Updated EPYC Roadmap: 5th Gen EPYC “Turin” Announced, Coming

Posted by in categories: computing, finance

As part of AMD’s Financial Analysts Day 2022, AMD has provided updates to its Server CPU roadmap going into 2024. The biggest announcement is that AMD is already planning for the (next) next-gen core for its successful EPYC family, the 5th generation EPYC series, which has been assigned the codenamed Turin. Some key announcements include various segmentations of its expected EPYC 7,004 portfolio, including Genoa, Bergamo, Genoa-X, and Siena.

Jun 11, 2022

The Epic History of Artificial Intelligence

Posted by in categories: finance, robotics/AI

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Jun 10, 2022

Researchers Disclose Critical Flaws in Industrial Access Control System from Carrier

Posted by in categories: cybercrime/malcode, finance

Researchers have taken the wraps off “Symbiote,” what they call a “nearly-impossible-to-detect” Linux malware that’s targeting the financial sector.

Jun 10, 2022

Symbiote: A Stealthy Linux Malware Targeting Latin American Financial Sector

Posted by in categories: cybercrime/malcode, finance, mobile phones

Cybersecurity researchers have taken the wraps off what they call a “nearly-impossible-to-detect” Linux malware that could be weaponized to backdoor infected systems.

Dubbed Symbiote by threat intelligence firms BlackBerry and Intezer, the stealthy malware is so named for its ability to conceal itself within running processes and network traffic and drain a victim’s resources like a parasite.

The operators behind Symbiote are believed to have commenced development on the malware in November 2021, with the threat actor predominantly using it to target the financial sector in Latin America, including banks like Banco do Brasil and Caixa, based on the domain names used.

Jun 10, 2022

Researchers Detail How Cyber Criminals Targeting Cryptocurrency Users

Posted by in categories: blockchains, cryptocurrencies, finance

Cybercriminals are impersonating popular crypto platforms such as Binance, Celo, and Trust Wallet with spoofed emails and fake login pages in an attempt to steal login details and deceptively transfer virtual funds.

“As cryptocurrency and non-fungible tokens (NFTs) become more mainstream, and capture headlines for their volatility, there is a greater likelihood of more individuals falling victim to fraud attempting to exploit people for digital currencies,” Proofpoint said in a new report.

“The rise and proliferation of cryptocurrency has also provided attackers with a new method of financial extraction.”

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