In today’s News of Note, we explore ransomware-as-a-service profits, the continued untangling of IP issues with NFTs, the prospect of scented virtual reality experiences, the development of a humanoid robot, and much more.
Is Russia’s invasion of Ukraine altering the landscape of the internet? Can AI help historians decipher ancient texts? How did two siblings allegedly use a digital token to defraud investors? Explore this and more in today’s News of Note.
As is the case with many types of cybersecurity threats, shielding one’s company from ransomware attacks calls for measures that simultaneously build the strongest protections possible while also adopting mitigation strategies that assume those measures will fail.
Apple’s portal to the metaverse could be nearing, Sony’s AI ups its game(play), a hospital resorts to pen and paper to thwart ransomware, and more in this week’s News of Note!
The actors behind ransomware tend to fall into two categories: cybercriminal gangs, often based in Eastern Europe, and groups backed by economic outcasts like Iran, Russia and North Korea. Historically the first prefer a shotgun approach; the second behave more like snipers. Here are a few of the groups that have been linked to recent ransomware and are still a threat.
This week’s News of Note includes a Foo Fighters VR concert, a peek inside Trickbot’s operations, an NFT makeover for Beatles memorabilia, some personal space for avatars, and more.
It may seem that the very term “ransomware” wasted little time going from “newish-sounding threat” to expected, constant presence in the news and IT meetings alike. But, of course, it’s ultimately just a modern word for one of the oldest crimes out there—holding someone or something hostage until someone else pays for its release. Nonetheless, as the targets and means of these attacks have evolved, keeping track of it all has become a bit more complicated than a name on a ransom note. The ransomware landscape is constantly shifting as actors change their targets, find new points of attack and think of fresh ways to leverage encrypted data. Hundreds of variants of ransomware have been documented over the past few years, but here’s a cross-section of types posing a threat right now.
Can AI build AI, what does an augmented reality theater production look like, what is the “quantum apocalypse,” and more…
With artificial intelligence (AI) becoming more and more embedded in our everyday lives, there has been a corresponding need for regulations that foster AI development and adoption in a responsible manner. The question is how governments should approach such regulation.
Here at Internet & Social Media Law, we examine new developments and challenges that impact the digital and social media landscape. Over on our Policyholder Pulse insurance law blog, we provide insight on non-fungible tokens (“NFTs”) and the importance of knowing the available insurance options when dealing with them. As NFTs become more common, whether it’s sports tickets and memorabilia or art work, it’s imperative to know how to protect these digital assets. We discuss further in “Covering the Highlight Reel: The Need for Insurance Options to Protect NFT Owners.”
Internet & Social Media Law Blog