A Spotlight on Security | 4th April, '23
During busy workweeks, Spotlight on Security aims to keep professionals updated on security issues. This newsletter features critical industry topics, trends, and more.
Hi there!
In today’s newsletter issue, you will find:
- Tresorit Insights ??
- Industry News ??
- Word of the Fortnight???
- Events and Webinars??
- Meme of the Fortnight???
Tresorit Insights ??
I. Unleashing the AI Finance Revolution: Bloomberg's $50 Billion GPT-3.5 LLM
Bloomberg has unveiled its latest development in the field of finance – a $50 billion parameter LLM tuned for finance and based on the GPT-3.5 architecture. Their technology promises to revolutionize the industry with enhanced forecasting and decision-making capabilities.
But the impact of Bloomberg's GPT-3.5 LLM doesn't seem to be limited to finance. Its massive computing power can reportedly be used to break encryption, raising concerns about the security of sensitive information.
While Bloomberg has emphasized that the technology is intended for legal and ethical purposes, the potential risks of using GPT-3.5 LLM for basic encryption-breaking mustn't be ignored.
"Content you create today, even in private may be used as input to train AI models. To retain control over your data, use end-to-end encryption. This way, you avoid sharing your data with big tech," says Tresorit CISO and co-founder Szilveszter Szebeni .
Read the official Bloomberg press release here:
II. Taking Down DDoS: German Provider's FlyingHost Servers Seized in Major Operation
In a major operation against DDoS (Distributed Denial of Service) attacks, German authorities have seized FlyingHost servers from a German provider allegedly involved in running illegal DDoS services. FlyingHost's servers were used to launch attacks against a wide range of targets, including government institutions and businesses.
The seizure of FlyingHost's servers is part of a larger crackdown on cybercrime in Germany. Authorities aim to tackle the growing threat of DDoS attacks.
The following article delves into the details of the operation and its implications for the fight against cybercrime. Join us as we explore the significance of the seizure of FlyingHost's servers and the ongoing battle against DDoS attacks.
Read the article (in German ????) here:
III. A Beacon of Integrity: The EU's Whistleblower Initiative Act Leads the Way in Combating Corruption
The Whistleblower Directive, introduced by the European Union, aims to provide protection and support to whistleblowers who report potential breaches of EU law.
Despite some of the EU member states did not manage to implement the initiative into their national legislation before the deadline, progress is being made in several countries, including Germany.
Employers can benefit from the initiative by detecting and addressing wrongdoing and non-compliance within their organizations, identifying potential risks, and implementing measures to prevent them.
Furthermore, employers can enhance their reputation and credibility, demonstrate their commitment to transparency, accountability, and ethical business conduct, and build trust with their stakeholders by providing a safe environment for whistleblowers to report potential breaches even before the final transpositions into national laws.
Overall, the Whistleblower initiative can promote ethical business practices and contribute to a more transparent and accountable business environment in the EU.
Read about the EU Whistleblower Directive here:
Industry News ??
Cybersecurity and Encryption News
Multiple security firms have sounded the alarm about?an active supply chain attack that’s using a trojanized version of 3CX’s?widely used voice and video-calling client?to target downstream customers.?
The US Food and Drug Administration staff has published new guidelines to strengthen the cybersecurity levels of internet-connected products used by hospitals and healthcare providers.
Ferrari disclosed a data breach impacting the customer data of an undisclosed number of individuals after a threat actor made a ransom demand.
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Data Protection and Regulation
The Italian data-protection authority said there were privacy concerns relating to the model, which was created by US start-up OpenAI and is backed by Microsoft.
Word of the Fortnight???
A for AI
Events and Webinars??
I. Tresorit to Exhibit and Speak at CloudExpo Europe in Frankfurt
As one of the premier cloud computing conferences in Europe, CloudExpo Europe provides the perfect platform for Tresorit to showcase its innovative solutions for secure cloud collaboration and data storage.
At the event, Tresorit will be presenting its latest products and services, including the Tresorit Business and Enterprise plans, which provide businesses with advanced security features and end-to-end encryption to protect their sensitive data in the cloud. Visitors to the Tresorit booth will also have the opportunity to learn more about Tresorit's zero-knowledge technology and how it provides maximum security and privacy for cloud storage and sharing.
Listen to the speaking sessions of Tresorit CPO Péter Budai :
I. speaking session:
Date: 10th of May 2023
Time: 11:20
Location: Cybersecurity Theatre 2
II. speaking session:
Date: 11th May 2023
Time: 14:25
Location: Cybersecurity Keynote Theatre
CloudExpo Europe takes place from May 10-11, 2023, at Messe Frankfurt. We invite you to join us at the Tresorit booth to learn more about our innovative solutions for cloud security and discover how we can help you keep your data safe and secure in the cloud.
Don't miss this opportunity to meet our experts and discover the future of cloud security.
II. Vertrauen als Grundpfeiler der Digitalisierung ????
Building Digital Trust: How the Swiss Digital Initiative's Digital Trust Label Helps Foster Trust in the Digital World
In today's digital age, trust is a vital component of successful digital services and products. That's why the Swiss Digital Initiative (SDI) has developed the Digital Trust Label, a certification program that helps businesses build and maintain trust with their customers by ensuring the security and privacy of their digital services.
If you're a CISO or IT administrator, the SDI's Digital Trust Label can help you understand the importance of digital trust and how to integrate it into your organization. In this session, Stefan Killer-Haug and Nicolas Zahn will discuss:
?? What digital trust labels mean for the security landscape
?? Why quality seals and certifications are important when selecting your supplier
?? How digital trust is essential to the success of your products and services
?? How the Digital Trust Label can help you build and maintain trust in the digital world
The session is free to attend and will take place in German on May 25th at 3 pm CET.
Don't miss this opportunity to learn from the experts at the Swiss Digital Initiative and discover how you can build trust in the digital world with the Digital Trust Label.
Register today to secure your spot.
Meme of the Fortnight???
Statistics in disguise?
Have a great week, and thank you for reading?A Spotlight on Security.
About us
Tresorit?is a Swiss-Hungarian, end-to-end encrypted, zero-knowledge content collaboration platform designed to safeguard the digital valuables of individuals and organizations with the highest classification in the cloud.