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Ex-Google Engineer Arrested for Stealing AI Technology Secrets for China

Ex-Google Engineer Arrested for Stealing AI Technology Secrets for China
Mar 07, 2024 Artificial Intelligence / Corporate Espionage
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

Microsoft Kept Secret That Its Bug-Tracking Database Was Hacked In 2013

Microsoft Kept Secret That Its Bug-Tracking Database Was Hacked In 2013
Oct 17, 2017
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

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl

How to Accelerate Vendor Risk Assessments in the Age of SaaS Sprawl
Mar 21, 2024SaaS Security / Endpoint Security
In today's digital-first business environment dominated by SaaS applications, organizations increasingly depend on third-party vendors for essential cloud services and software solutions. As more vendors and services are added to the mix, the complexity and potential vulnerabilities within the  SaaS supply chain  snowball quickly. That's why effective vendor risk management (VRM) is a critical strategy in identifying, assessing, and mitigating risks to protect organizational assets and data integrity. Meanwhile, common approaches to vendor risk assessments are too slow and static for the modern world of SaaS. Most organizations have simply adapted their legacy evaluation techniques for on-premise software to apply to SaaS providers. This not only creates massive bottlenecks, but also causes organizations to inadvertently accept far too much risk. To effectively adapt to the realities of modern work, two major aspects need to change: the timeline of initial assessment must shorte

SEC Discloses Hackers Broke Into Edgar Corporate Filing System Last Year

SEC Discloses Hackers Broke Into Edgar Corporate Filing System Last Year
Sep 21, 2017
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

Automated remediation solutions are crucial for security

cyber security
websiteWing SecurityShadow IT / SaaS Security
Especially when it comes to securing employees' SaaS usage, don't settle for a longer to-do list. Auto-remediation is key to achieving SaaS security.
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