corporate espionage | Breaking Cybersecurity News | The Hacker News

The U.S. Department of Justice (DoJ) announced the indictment of a 38-year-old Chinese national and a California resident for allegedly stealing proprietary information from Google while covertly working for two China-based tech companies. Linwei Ding (aka Leon Ding), a former Google engineer who was arrested on March 6, 2024, "transferred sensitive Google trade secrets and other confidential information from Google's network to his personal account while secretly affiliating himself with PRC-based companies in the AI industry," the DoJ  said . The defendant is said to have pilfered from Google over 500 confidential files containing artificial intelligence (AI) trade secrets with the goal of passing them on to two unnamed Chinese companies looking to gain an edge in the ongoing AI race. "While Linwei Ding was employed as a software engineer at Google, he was secretly working to enrich himself and two companies based in the People's Republic of China," sa

It was not just Yahoo among "Fortune 500" companies who tried to keep a major data breach incident secret. Reportedly, Microsoft had also suffered a data breach four and a half years ago (in 2013), when a " highly sophisticated hacking group " breached its bug-reporting and patch-tracking database, but the hack was never made public until today. According to five former employees of the company, interviewed separately by Reuters , revealed that the breached database had been " poorly protected with access possible via little more than a password. " This incident is believed to be the second known breach of such a corporate database after a critical zero-day vulnerability was discovered in Mozilla's Bugzilla bug-tracking software in 2014. As its name suggests, the bug-reporting and patch-tracking database for Windows contained information on critical and unpatched vulnerabilities in some of the most widely used software in the world, includ

The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo

This month has been full of breaches. Now, the Securities and Exchange Commission (SEC), the top U.S. markets regulator, has disclosed that hackers managed to hack into its financial document filing system and may have illegally profited from the stolen information. On Wednesday, the SEC announced that its officials learnt last month that a previously detected 2016 cyber attack, which exploited a "software vulnerability" in the online EDGAR public-company filing system, may have "provided the basis for illicit gain through trading." EDGAR , short for Electronic Data Gathering, Analysis, and Retrieval, is an online filing system where companies submit their financial filings, which processes around 1.7 million electronic filings a year. The database lists millions of filings on corporate disclosures—ranging from quarterly earnings to sensitive and confidential information on mergers and acquisitions, which could be used for insider-trading or manipulating