Inside CodeClan's Collapse- DIGIT Tech News Roundup
Welcome to the latest edition of the DIGIT Tech News Roundup.
In this week’s newsletter, we will cover some of our top-trending tech news stories, features and op-eds from the week beginning the 26th of February.
The Scot-Secure Summit will be held in Dynamic Earth in Edinburgh on Wednesday the 27th of March 2024.
Scot-Secure is Scotland’s largest annual cybersecurity conference. The event brings together senior InfoSec personnel, IT leaders, academics, security researchers and law enforcement, providing a unique forum for knowledge exchange, discussion and high-level networking.
The programme is focussed on improving awareness and best practice through shared learning: highlighting emerging threats, new research and changing adversarial tactics, and examining practical ways to improve resilience, detection and response.
DIGIT's Top Trending Stories
Caught at the Centre of CodeClan’s Collapse
Six months after CodeClan’s collapse, DIGIT spoke to two people caught at the very centre of the ecosystem-rocking event.
The article isn’t an investigation of who to blame following a situation that was incredibly complex and nuanced. Instead, it’s a lamentation for what happened—despite the efforts for it not to—and also a testament to human resilience in the face of adversity.
One in Ten Brits Would Forego Food Before Internet Connection
One in ten Brits would cut back on food or heating rather than be disconnected from the internet, a new study by digital inclusion charity Good Things Foundation revealed.
The research shows just how vital Brits consider being connected to the internet is to their everyday lives, as the cost-of-living crisis continues to heap strain on the nation.
Nearly half (45%) of Brits would find it harder to manage their household finances without the internet while four in ten (42%) would find it tougher to pay their bills.
Five Eyes Expose New Russian Cyber Threat Actor Tactics
In an effort to bolster cybersecurity defences, the UK has unveiled evolving tactics employed by Russian-linked cyber actors.?
This warning from the National Cyber Security Centre (NCSC), along with intelligence agencies from the Five Eyes, comes on the backdrop of a significant shift towards cloud-based infrastructure across various sectors.?
The joint advisory from the Five Eyes intelligence agencies, sheds light on the tactics of APT29, a threat group associated with Russia’s Foreign Intelligence Service (SVR).
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Home Secretary Airs Deepfake Woes Before Silicon Valley Meet Up
The UK home secretary James Cleverly warned about the potential impact of deepfake videos generated using artificial intelligence (AI) being used to sway voters.?
The warning comes ahead of Cleverly’s meetings with leaders in Silicon Valley this week, which was organised in response to the growing challenges around misinformation, digital fraud, and digital exploitation and crime.
As the UK gears up for its upcoming general election around October this year, Cleverly emphasised the looming threat posed by hostile countries, which could flood social media with convincing deepfake videos in an attempt to sway public opinion.?
Bumble Cuts 37% of Workforce, Laying Off 350 Workers
Bumble, the online dating app, has announced that it will layoff 350 employees, equating to about 37% of its workforce.
The news comes as Bumble reveals its fourth quarter and full year 2023 results, which fell much below expectations on Wall Street. The company had a net loss of ￡32 million, making ￡273.6m in revenue. The dismal posting, tied with a poor 2024 first quarter forecast, has sent Bumble’s stock down about 10%.
“Today, we announced solid full-year results and a bold plan to transform Bumble and lead the company to its next phase of growth and innovation,” said Lidiane Jones, CEO of Bumble Inc.
UK and France Announce AI Safety Partnership
A new funding boost to research collaboration and a new partnership to further global AI safety are part of measures announced by the UK and France.
The French Minister for higher education and research Sylvie Retailleu is meeting with Secretary of State Michelle Donelan for the first time since the UK reaffirmed their association to Horizon Europe after Brexit.
“The links between the UK and France’s brightest minds are deep and longstanding, from breakthroughs in aerospace to tackling climate change,” UK secretary of state Michelle Donelan said.
Meta’s Pay-or-Consent Model Under GDPR Fire
Meta’s new subscription model in the EU is coming under direct fire for violations of GDPR, with a new lawsuit brought up by eight consumer groups across Europe.
In a controversial move last year, Meta introduced a payment option to users of Facebook and Instagram, offering an ad-free experience for a price. The ad-free experience – which costs users €9.99/month on web or €12.99/month on mobile – prevents users from seeing any advertisements on the platforms.
Those who do not opt to pay, however, will continue to have their data collected, tracked, and sold to third parties.