 Technology |
Technology |
| |
Rise in crypto hacks pushes authorities to crack down |
The rapid growth of cryptocurrency theft over the past few years has become a major concern for U.S. authorities, who are cracking down on hackers and illicit crypto schemes. |
Just last year, crypto hackers managed to steal about $3.7 billion in digital assets, with North Korean state-sponsored cyber actors taking the lead as the main culprit in many of those heists, according to TRM Labs, a blockchain intelligence company. Although this year has seen a decline in crypto hacks compared to 2022, about $400 million of virtual currency was stolen in the first quarter of 2023, TRM Labs reported. Over the last few years, North Korean state-sponsored cyber actors have aggressively targeted the crypto sector, often taking advantage of an industry that is not well understood by many and not well regulated. U.S. officials and the United Nations have reported that stolen crypto funds have become an important source of revenue for North Korea's nuclear and ballistic missile program. "The problem has gotten very big and very serious with North Korea cybercriminals accounting for about $1 billion in stolen crypto last year," said Ari Redbord, global head of policy and government affairs at TRM Labs. "With North Korea, it is not about personal financial gain. Stolen crypto is used to fund weapons proliferation and other destabilizing activity," Redbord said, adding it has become a "serious national security threat." Read more in a full report at TheHill.com. |
Welcome to The Hill's Technology newsletter, we're Rebecca Klar and Ines Kagubare — tracking the latest moves from Capitol Hill to Silicon Valley. |
|
|
How policy will be impacting the tech sector now and in the future: |
|
|
SAN FRANCISCO, Calif.—President Biden on Tuesday met with artificial intelligence (AI) experts and researchers in San Francisco about managing the risks of the new technology.. The president was joined by Jim Steyer, the CEO of Common Sense Media, Tristan Harris, the co-founder of the Center for Human Technology, Joy Buolamwin, the founder of the Algorithmic Justice League, and Oren Etzioni, the former CEO of the Allen Institute … |
| |
| A bipartisan House bill introduced Tuesday would create a commission to review, recommend and establish regulations for artificial intelligence (AI) technology. The 20-member commission would be made up of 10 members appointed by each party and tasked with reviewing the government's current approach to AI oversight, recommending new structures to put in place, and establishing a risk-based approach to regulating the industry. … |
| |
|
Tesla CEO Elon Musk is expected to meet with Indian Prime Minister Narendra Modi on Tuesday, according to multiple reports. CNBC reports the pair will meet in New York to talk about possible Tesla operations in India. Reuters also reported Musk will brief Modi on his plans for a manufacturing base in the country. Modi arrived in New York on Monday, and is in the U.S. for his first official state visit at the invitation of … |
| |
|
Comedian Trevor Noah is getting into the podcast game. The leading entertainer and celebrity has signed a deal with audio streamer Spotify to host a new show that will publish weekly. The show, which has yet to be named, will “probably fix every single issue humankind has ever faced so you definitely want to join us for every episode,” Noah joked in a statement celebrating the news. The vision for Noah’s show … |
| |
|
News we've flagged from the intersection of tech and other topics: |
|
|
Watchdogs urge action on AI |
A coalition of European Union consumer protection groups wrote regulators urging them to investigate the artificial intelligence (AI) technology behind tools like ChatGPT, The Associated Press reported. |
|
|
OpenAI lobbied to water down EU AI regulation | OpenAI, the company behind the ChatGPT AI chatbot, lobbied to water down elements of the EU's AI Act despite the company's CEO publicly calling for global AI regulation, Time reported. |
|
|
Upcoming news themes and events we're watching: |
- Senate Majority Leader Chuck Schumer (D-N.Y.) will reveal his SAFE Innovation in the AI Age framework during a speech Wednesday at the Center for Strategic and International Studies at 11:15 a.m. ET.
- The House Homeland Security Committee will hold a hearing on Thursday at 10 a.m. to discuss how to grow the national cybersecurity talent pipeline.
|
|
|
Branch out with other reads on The Hill: |
|
|
Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle |
HONG KONG (AP) — China's Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies. The moves also are aimed at spurring growth at a time when the Chinese economy is slowing despite an … |
DETROIT (AP) — Electric vehicle maker Rivian says it will follow General Motors and Ford and join Tesla’s charging network next year. The startup truck, SUV and delivery van maker says Tuesday that like GM and Ford, it will include ports with Tesla's connector on future Rivian vehicles starting … |
|
|
Two key stories on The Hill right now: |
|
|
A federal judge on Tuesday struck down an Arkansas law that sought to ban gender-affirming health care for transgender minors, siding with four transgender … Read more |
| The Pentagon on Tuesday slammed Sen. Tommy Tuberville (R-Ala.) for setting a “dangerous precedent” by holding up more than 200 general … Read more |
|
|
Opinions related to tech submitted to The Hill: |
|
|
You're all caught up. See you tomorrow! |
1625 K Street NW, 9th Floor, Washington, DC 20006 |
Copyright © 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. |
|
|
|
If you believe this has been sent to you in error, please safely unsubscribe.
No comments:
Post a Comment