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Meet the ex-Twitter exec who blew the whistle on the company

Nearly 25 years ago, a young computer programmer named Peiter “Mudge” Zatko told Congress that the internet was woefully insecure. A big part of the issue, Zatko told a Senate panel, was that software and e-commerce companies “want to ignore problems as long as possible. It’s cheaper for them.”

New York (CNN Business). Nearly 25 years ago, Peiter “Mudge”, a young computer programmer, told Congress that the internet was insecure. Zatko explained to a Senate panel that a large part of the problem was that software and ecommerce companies “want problems to be ignored as long as possible.” It’s cheaper for them. Now Zatko is once more raising alarm about online vulnerabilities. But this time, he is focusing his attention on one of his former employers. Ex-Twitter executive claims reckless and negligent cybersecurity policies. In a nearly 200-page disclosure, which was exclusively reported on Tuesday by CNN and Washington Post, the ex-Twitter security executive claimed that the company had engaged in a series security missteps that he claims have misled shareholders, the public, and the Twitter board. Zatko’s disclosure claims that Twitter trusted too many employees with sensitive user data, creating an insecure security situation that could be exploited by outsiders to cause havoc on the platform. It claims that one or more Twitter employees may be working for an intelligence service abroad. Additionally, Parag Agrawal, the CEO of Twitter, misled the company’s board of directors by discouraging Zatko to give a complete account of Twitter’s security flaws. Twitter has denied the allegations and stated that privacy and security have been “long top company priorities.” The company stated that they have not received any specific allegations. However, they said that what they have seen so far is a narrative regarding our privacy and data security practices, which is riddled inconsistencies, inaccuracies, as well as lacking important context. Read MoreZatko’s decision to make his concerns public could lead to him being subject to renewed regulatory scrutiny of Twitter. This is similar to what happened with Frances Haugen’s whistleblower on Facebook. He is being represented by Whistleblower Aid (the same group that represented Haugen). Zatko could also be involved in the massive legal battle between the company, billionaire Elon Musk and Zatko. Musk is trying to end a $44 million deal to buy Twitter. (Musk’s lawyer claimed that Zatko was already being subpoenaed by Musk’s legal team in the dispute with Twitter. Many who have worked with Zatko for the past three decades see him as a principled technologist with a knack of making complex problems accessible and a genuine desire to solve them. This is what he has done for most of his career working in the public and private sectors. They say that the decision to whistle blow is in line with this approach. Mudge testified before Senate Governmental Affairs on May 19, 1998, about government computer security. “He’s not doing it for fun. It doesn’t make him anything,” said Dave Aitel (a former computer scientist at National Security Agency and colleague at @stake cybersecurity consulting firm). “That’s what integrity looks like up close. Zatko could be eligible for a monetary award as a result of his whistleblower activity. The SEC stated that whistleblowers can receive a 30% reduction in agency fines if they provide “original, timely, and credible information that leads directly to a successful enforcement activity”. Since 2012, the SEC has given more than $1 million to nearly 300 whistleblowers. John Tye, founder and lawyer of Whistleblower Aid, stated that Zatko disclosed his information to the SEC in order to help the agency enforce the laws and to obtain federal whistleblower protections. “The possibility of a reward wasn’t a factor in Zatko’s decision. In fact, he didn’t know about the reward program at all when he decided to become lawful whistleblower.” Zatko, now 51 years old, was a leader in cybersecurity grantmaking at the Pentagon. He also worked in a Google division to develop cutting-edge technology. He also advised US lawmakers on how to fix security holes in the internet. Zatko was born in Alabama to a father who was a professor of chemistry at the University of Alabama in Tuscaloosa. He told CNN that he started tinkering around with technology, such as early Apple computers, when he was young. His career has shown that hacking was not just about one-upmanship. There was a social benefit and impact that hackers could have, according to Dug Song, chief strategist at Cisco Security. Dug Song has known Zatko since 1990. In November 2020, Twitter hired Zatko to strengthen cybersecurity and privacy at the company. This was in response to a high-profile hack that was allegedly carried out by a Florida teenager in July 2020. The hack compromised the accounts of some of the most prominent people on the planet, including Joe Biden, then-presidential candidate. According to the disclosure, Zatko was a senior executive and reported directly to Jack Dorsey at the time. CNN’s Zatko stated that this was not the first choice. “This wasn’t the path I wanted to follow. I exhausted all options internally. According to the disclosure, Zatko was fired by Agrawal, Dorsey’s successor as Twitter chief after he raised concerns over the company’s security- and privacy practices. (Twitter maintains that Zatko was fired for poor performance. “This is something that everyone should care about with large corporations, which is honesty and the truthfulness the data that’s… publicly represented, and the national security implications and whether or not users can trust their data with them,” Zatko stated to CNN about his decision to file a disclosure with Congress and regulators regarding Twitter’s alleged security practice. A long history of pushing to fix things Before he cut his hair and donned a suit, Zatko joined the Boston hacking group known as L0pht in the mid-1990s according to Joseph Menn’s book “The Cult of the Dead Cow,” which details how the early hacking scene shaped the cybersecurity sector. L0pht members broke into computers and worked with companies that made the equipment. It is now a common practice for companies to collaborate with outside researchers to fix software bugs. However, this was perceived as provocative and disturbing by software giants at that time. Song said that the Twitter whistleblower could have implications for Elon Musk’s takeover deal. Tatko “sorta bent the industry to his will.” “L0pht set a precedent for how to do it in a respectable and honorable manner. In 1998, Zatko and other L0pht members testified before Congress. Zatko stated to senators that the internet is not the best place for computer security. You are wrong if you think the government is providing you with the technology to solve this problem. Cris “Space Rogue”, another ex-member of L0pht, testified with Zatko that day. He said that L0pht would do all it could to get companies to work together to fix the software problems that the hacker group discovered. Thomas, who uses his hacker name of “Space Rogue” professionally like Zatko said that they had “divided in the past,” adding to the fact that he was fired in 2000 from @stake, the cybersecurity consulting where Zatko was chief science officer. “Feelings were hurt but that doesn’t change the fact that Zatko is who he is, what he believes in, and what he does. So, I believe that his moral standards have not changed in the 30 years I’ve known him. He said that this was normal for Zatko regarding the whistleblower complaint. This is normal for L0pht. This is the normal way we used to do it. Peiter Zatko is widely known as his hacker name Mudge. He can be seen in this undated U.S. government photo. He worked for DARPA, the Pentagon’s R&D arm. In 2010, Zatko joined the Defense Advanced Research Projects Agency, the Pentagon’s R&D arm. This was the first step in the creation of the internet as we know. He led a program that quickly got money to cybersecurity researchers interested finding and fixing vulnerabilities in computers found in cars and other critical infrastructure. Song claims that Zatko called Song and other hackers to Booz Allen Hamilton’s Virginia office for a brainstorming session after he started at DARPA in 2010. Song stated that Hobbit, a hacker who Zatko invited to the meeting, slept in a van outside and attended the meeting naked. Song was impressed by the ability to gather the misfits as well as the military. Song said that Zatko was at the core of hacker spirit. This is something that not many people who have transitioned from our side to commercial or public service have been capable of without being cheesy [or] corny. Zatko explained that he joined Twitter because he believed in the public good. He tweeted that he believed in the mission of (equitably), serving the public conversation. “I will try my best!” As he takes to Twitter, Zatko could find himself in public conversation like never before. CNN interviewed him to say that this was not his first choice. “This wasn’t the path I wanted to follow. I exhausted all options internally. “But I discovered that ethically and with who and what I am, I was obligated by law to follow the law, pursue legal avenues, and disclose, because Twitter is a critically important platform.” Zatko stated. “I believe it’s important that we address some of these issues. I truly believe that I am still fulfilling the mission I was given. This report was contributed by Clare Duffy, Brian Fung, and Donie O’Sullivan of CNN.

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IBM misses first quarter revenue estimates; cuts growth forecast to 6%-8%

IBM, a US-based technology giant, announced on Thursday that its revenue for the first-quarter (Q1) 20 The revenue figures were lower than Wall Street’s estimates of $14.35billion, but the earnings per share (EPS IBM’s targets were met in the first quarter as both its software and consulting businesses grew by 6% and 8.2% Big Blue also reiterated their full-year forecast of free cash flow of $10.5 billion.

Cognizant Technology Solutions Corp cut its 2022 forecast in November due to a decline in contracts. IBM’s “We are heavily reliant on our teams, particularly our global innovation centers. Granger said that India has never been about labour arbitrage, but rather a talent play. IBM Consulting contributed to This segment was rebranded in 2021 from IBM Global Business Services prior to IBM’s separation with Kyndryl.

Analysts say that the offering is in direct competition with IT services giants Accenture and TCS when it comes to large Keep up with the latest technology and startup news. 

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Crypto firms scramble to find banking partners as willing lending partners dwindle

After the collapse of Silvergate Capital Corp., Signature Bank, and Silicon Valley Bank, U.S. regulators expressed concern about the safety and soundness business models of banks that are heavily focused on crypto clients. U.S. regulators also warned banks to be on the lookout for any liquidity risks posed by crypto-related deposits. These deposits could be subjected to rapid outflows if clients try to redeem their crypto-assets for real money. “Crypto- and Web3-start-ups tell us they cannot get a bank account for their business,” said Marcus Foster. He is the head of crypto policy at Coadec. Foster said that the issue has gotten “significantly worse” in recent months.

This has forced digital asset companies to look for smaller financial institutions located in remote corners of the global finance. Discover the stories that interest youBlockchain5 StoriesCyber safety7 StoriesFintech9 StoriesEcomm9 StoriesML8 StoriesEdtech6 StoriesA FV Bank spokesperson said the bank has seen a rise in inquiries in recent weeks despite not being insured by the Federal Deposit Insurance Corp. A spokesperson for Bank Frick in Liechtenstein said that it had also seen a “significant” increase in account requests, with the majority of inquiries coming from companies in Europe, Singapore, and Australia.

However, the bank is not purely focused on crypto and has a broadly diversified business model, the spokesperson said.Switzerland-based Arab Bank told Reuters in March it had seen an increase in U.S. firms, mostly crypto funds or those involved in crypto venture capital, seeking to open accounts, but that the bank was unlikely to accommodate all of them. While ZA Bank, a Hong Kong digital bank, reported that it had received four times as many enquiries from crypto firms after Silicon Valley Bank collapsed, it stated that it would only accept firms with a license to trade virtual assets. Nikki Johnstone is a partner with Allen and Overy in London.

She said that the “concentration risks” that come from a growing clientele seeking business from smaller firms are the “biggest challenges” of having fewer crypto banking options. She said that this increased expectation places more pressure on the firm to manage and monitor risks at a higher level. Cryptocurrency firms need banks to hold their customers’ dollar deposits, and to conduct day-to-day operations. “Of course, the motto of crypto says ‘we’re going to replace banks’. But first, we’re not there yet and I don’t think we’ll be there ever,” said Paolo Ardoino. He is the chief technology officer at Tether, which is the largest stablecoin in terms of market capitalisation.

Its reserves were previously the subject of investor scrutiny. ‘TOP TEN’ Several top banks have told Reuters they are turning away most crypto-related clients, while others say they only work with top-tier companies – policies they maintain are unchanged since their past positions. According to a source with knowledge of the situation, JPMorgan Chase does not accept any crypto-related clients anywhere in the globe, except for Coinbase which has revealed that it deposits its customers’ funds with the bank. This policy has been in place for a long time. Circle, the principal US Dollar Coin issuer, has a portion its reserves held by BNY Mellon.

A spokesperson for ING stated that the bank does “not target or focus actively on cryptocurrency firms” and therefore its exposure is “very low.” Allen and Overy’s Johnstone, a lawyer with the firm, said that banks are often cautious because of the increased money-laundering risks in the crypto sector and the lack of robust crypto regulations. Circle, the principal USD Coin issuer, holds a portion its reserves at Customers Bank. Gemini, on the other hand, says it holds reserves for its stablecoins at State Street Bank and Goldman Sachs. Coinbase has revealed that it deposits funds for its customers at Cross River Bank, in addition to JPMorgan Chase.

Ricardo Mico is the U.S. CEO at Banxa. Banxa provides payment and compliance infrastructure for crypto. “There is a concern over the lack of banking partners in the market, especially for smaller and less-proven enterprises,” he said. (Reporting from Elizabeth Howcroft in London, Hannah Lang in Washington, with additional reporting by Mehnaz Yassin and Georgina Le; editing by ElisaMartinuzzi and Sharon Singleton.) Stay on top of the latest technology and startup news.

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National Quantum Mission to be funded at Rs 6K crore by the Centre

The mission will have an outlay of Rs 6,003,65 crore from 2023-24 to 2030-31 and will make India the sixth country with a dedicated quantum mission after the US, Austria, Finland, France and China, science and technology ministerJitendra Singhtold reporters in New Delhi. Science and Technology MinisterJitendra Singh told reporters in New Delhi that the mission will have an outlay of approximately Rs 6,003,65 crore between 2023-24 and 2030-31. This will make India the sixth nation to have a quantum mission, after the US and Austria.

The National Quantum Mission, approved by the Union Cabinet under the leadership of Prime Minister Narendra Modi will accelerate quantum-technology-led economic growth in India and nurture the ecosystem. Singh joked that the NQM will give India a quantum leap in this area. CP Gurnani, CEO ofTechMahindratweeted, “A welcome move! The National Quantum Mission is expected to accelerate India’s tech progress, increasing India’s credibility and ability in quantum computing. @tech_mahindra We are deeply invested in Quantum and it’s encouraging that the government is putting so much focus on this technology.

“Singh said that the mission will develop magnetometers and atomic clocks for precise timing, communication and navigation. The deep ocean mission, Space, drones, and remote sensing policies, supercomputing, cyber-physical missions, the Thirty Meter Telescope and LIGO, as well as the impending NRF will advance fundamental research in the coming year. “Raman Research Institute in Bengaluru tweeted: “RRI is thrilled at the launch of National Quantum Mission. We look forward in continuing to work for the nation on pathbreaking quantum technology”. Urbasi Sinha, who heads the Quantum Information and Computing Laboratory (QuIC) at RRI, tweeted: “RRI is at the forefront of India’s quantum technology research.” I personally worked on the DPR, and am excited about the prospects it holds for me as a scientist, for the institute, and for the nation.

The mission can bring the technology development eco-system in the country up to a global competitive level. The mission will benefit the communication, health, financial, energy, drug design, and other space applications. It will also provide a boost to National Priorities like Digital India. Make in India. Skill India. Stand-up India. Self-reliant India. “We know that quantum keys that use quantum principles are secure and can withstand attacks from hackers. There needs to be fundamental changes at the network level, for infrastructure and hardware devices which generate these keys. He said that this is an area that must be investigated for defence-based installation.

Quantum machine learning can be used for satellite placements – with the increasing debris and satellites orbiting Earth, quantum optimization techniques are helpful in satellite placements – and weather analysis. He said that precise quantum hardware could be used to detect earthquakes and other geological phenomena. Malhotra, who spoke about quantum education, said that in order to make India a hub for quantum, it is important to focus on improving and imparting education at all levels.

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PlanSource Celebrates its continued growth in India

PlanSource, the leading provider of US employee benefit technology, shared exciting updates on their plans for 2023, as well as recent recognitions regarding their operations in India. PlanSource has offices in several cities in the United States, as well as in Bengaluru in India. The India operations deliver an exceptional customer experience by scaling processes and providing coverage around the clock. PlanSource’s rapid expansion, increased product investment and market momentum led to more than 750 employer groups choosing PlanSource in 2022 as their benefits engagement platform.

The company now has more than 4,000 clients, five million employees and eight million users. PlanSource has grown rapidly under the leadership of Tom Signorello. This includes: A plus 47 NPS score for customers, and up-time metrics and call center metrics that exceeded SLAs. Launching new products, including ‘The Source,’ an employee engagement tool that increases benefit usage, improves the overall employee experience, and puts everything employees need in one convenient place, their mobile device.

PlanSource is expanding its industry-leading integrations portfolio by adding new HCM partners, such as Paylocity and SAP, carrier integrations like Aetna and a partner marketplace with 80+ valuable add-ons. Our values are based on implementing measurable ESG and DEI initiatives to create a sustainable future, a healthier planet and inclusive community. Establishing a Women in Tech and Leaders program globally PlanSource launched its Bengaluru operations in 2020.

The India office has made a significant contribution to product development and customer support. PlanSource, founded in 2008, employs 800 employees with more than 200 based in India. Tom Signorello said during his recent trip to India that “it is an exciting time for the benefits technology industry, as automation creates increased efficiency and the opportunity for a better end-user experience.” PlanSource is well positioned to continue to lead the industry, and we remain committed in furthering our mission to deliver the best customer experience. PlanSource encourages employees to be innovative and open. This can be done at many levels.

Process innovation extends beyond development to include Marketing, Sales and Operations, Finance and Human Resources. I am therefore excited by the contributions of India operations in developing industry leading products. Our India-based leadership team and talent contributed significantly to the launch of IQ decision support, which gives our customers measurable ROI (8x-12x). Recently, our India team developed Chatbot and Personalized Communication capabilities. I am excited to see these launched this week.

In our India operations, we have created a culture that is outstanding and focuses on diversity/inclusion. In 2023, we were awarded the “Great Place to Work” certification in India. Vista Private Equity recognized our India Center of Excellence for being the best CoE among their 70+ portfolio companies. We plan to continue to grow and look forward to the continued contributions from our India operation.” PlanSource is a trademark of PlanSource, Inc., as well as other trademarks owned by PlanSource. 

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Elon Musk announces he will launch a rival to Microsoft’s ChatGPT

Billionaire Elon Musksaid on Monday he will launch an artificial intelligence (AI) platform that he calls “TruthGPT” to challenge the offerings fromMicrosoftandGoogle. He criticised Microsoft-backed OpenAI, the firm behind chatbot sensation ChatGPT, of “training the AI to lie” and said OpenAI has now become a “closed source”, “for-profit” organisation “closely allied with Microsoft”.

He also accused Larry Page, co-founder of Google, of not taking AI safety seriously. Musk said, “I’m starting something that I call ‘TruthGPT,’ or a maximum truth seeking AI that tries understand the nature of universe,” in an interview aired Monday on Fox News Channel. He said TruthGPT was “likely the best path to security” and would not “annihilate human beings”. It’s just starting late. Musk registered a Nevada-based company named X.AI Corp last month, according to a filing with the state. Musk was listed as the sole director, and Jared Birchall as the managing director of Musk’s family office as secretary.

‘Civilizational devastation’ The move came after Musk and a team of artificial intelligence experts, including industry executives, called for a 6-month pause on developing systems that are more powerful than OpenAI GPT-4. They cited potential risks to the society. Musk reiterated his AI warnings during the interview with Carlson. According to the excerpts, “AI is more harmful than, for example, mismanaged airplane design, production maintenance, or bad car production.” “It could lead to civilizational destruction,” Musk said. He said that an AI super intelligent could write extremely well and manipulate public opinion. Musk co-founded OpenAI back in 2015.

He stepped down from its board in 2018. In 2019, Musk tweeted that he was leaving OpenAI to focus on Tesla, SpaceX and other projects. He also tweeted that he left OpenAI because he had to focus on Tesla and SpaceX. Musk, CEO of Tesla, SpaceX and Twitter, has become CEO of Twitter. He bought the social media platform for $44 billion in 2013. Musk told Fox News that he valued Twitter recently at “less than 50%” of its acquisition price.

Microsoft Corp announced in January that it would invest a further multi-billion dollars in OpenAI. This investment will intensify the competition with Google and fuel the race for AI funding in Silicon Valley. 

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