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Linkedin Under Scrutiny for Potential South African Privacy Violations

Linkedin Under Scrutiny for Potential South African Privacy ViolationsA South African artificial intelligence association has accused Linkedin of violating local data privacy laws by using user data to train its AI models without explicit consent. The association has urged the country’s data regulator to investigate. Linkedin has however defended its practices, claiming users can opt out of AI training. The data regulator confirmed […]

Crypto.com Expands Offerings With Acquisition in Australia

Microsoft-owned LinkedIn releases AI-powered assistant for job recruiters

LinkedIn plans to pilot a new AI-powered assistant aimed at recruiters searching for job candidates and will also release an AI educational assistant in its learning section.

The Microsoft-owned and business-focused social platform LinkedIn announced the rollout of new artificial intelligence (AI) features to assist job recruiters when sourcing candidates. 

On Oct. 3, LinkedIn said it is launching its pilot for the “Recruiter 2024,” which is an AI-assisted tool for recruiters.

According to the announcement, recruiters using the tool can now ask questions using “natural language” to find candidates on the platform. In addition, the tool can be used to create ad campaigns for jobs.

At the Talent Connect Summit in New York, LinkedIn CEO Ryan Roslansky said the industry needs new playbooks, and AI can help create those.

“The good news is that AI is not just accelerating the need for new playbooks, it’s also going to be a great tool in helping you all build them...”

Along with the AI-assisted recruiting tool, LinkedIn also launched AI-powered coaching in its LinkedIn Learning section. It said the AI aspect will be able to tailor content and offer real-time advice based on the user’s career aspirations. 

Over the last year, LinkedIn reported a 65% increase in interest in its AI course offerings. The new AI-powered recruiting and learning tools will be available to a “small handful” of users and will be made more widely available in the future.

Related: Samsung to develop AI chips with Canadian startup Tenstorrent

Microsoft owns LinkedIn and is reportedly using technology from OpenAI, which is backed by Microsoft and is the creator of the popular AI chatbot ChatGPT, to develop its AI features.

In May, it released AI-assisted messages for recruiters and has since reported that 74% of users say it saves them time.

LinkedIn is one of many companies beginning to integrate AI-powered applications into its operations. On Sept. 27, Mets CEO Mark Zuckerberg unveiled his answer to ChatGPT with a new AI chat assistant known as Meta AI.

The Meta AI assistant will be integrated into Meta-owned platforms, including popular social media and messaging applications Instagram, Facebook and WhatsApp.

Magazine: ‘AI has killed the industry’: EasyTranslate boss on adapting to change

Crypto.com Expands Offerings With Acquisition in Australia

Crypto firms beware: Lazarus’ new malware can now bypass detection

The malware payload “LightlessCan" — used in fake job scams — is far more challenging to detect than its predecessor, warns cybersecurity researchers at ESET.

North Korean hacking collective Lazarus Group has been using a new type of “sophisticated” malware as part of its fake employment scams — which researchers warn is far more challenging to detect than its predecessor.

According to a Sept. 29 post from ESET’s senior malware researcher Peter Kálnai, while analyzing a recent fake job attack against a Spain-based aerospace firm, ESET researchers discovered a publicly undocumented backdoor named LightlessCan.

The Lazarus Group’s fake job scam typically involves tricking victims with a potential offer of employment at a well-known firm. The attackers would entice victims to download a malicious payload masqueraded as documents to do all sorts of damage.

However, Kálnai says the new LightlessCan payload is a “significant advancement” compared to its predecessor BlindingCan.

“LightlessCan mimics the functionalities of a wide range of native Windows commands, enabling discreet execution within the RAT itself instead of noisy console executions.”

“This approach offers a significant advantage in terms of stealthiness, both in evading real-time monitoring solutions like EDRs, and postmortem digital forensic tools,” he said.

The new payload also uses what the researcher calls “execution guardrails” — ensuring that the payload can only be decrypted on the intended victim’s machine, thereby avoiding unintended decryption by security researchers.

Kálnai said that one case that involved the new malware came from an attack on a Spanish aerospace firm when an employee received a message from a fake Meta recruiter named Steve Dawson in 2022.

Soon after, the hackers sent over the two simple coding challenges embedded with the malware. 

The initial contact by the attacker impersonating a recruiter from Meta. Source: WeLiveSecurity.

Cyberespionage was the main motivation behind Lazarus Group’s attack on the Spain-based aerospace firm, he added.

Related: 3 steps crypto investors can take to avoid hacks by the Lazarus Group

Since 2016, North Korean hackers have stolen an estimated $3.5 billion from cryptocurrency projects, according to a Sept. 14 report by blockchain forensics firm Chainalysis.

In September 2022, cybersecurity firm SentinelOne warned of a fake job scam on LinkedIn, offering potential victims a job at Crypto.com as part of a campaign dubbed “Operation Dream Job." 

Meanwhile, the United Nations has beetrying to curtail North Korea’s cybercrime tactics at the international level — as it is understood North Korea is using the stolen funds to support its nuclear missile program.

Magazine: $3.4B of Bitcoin in a popcorn tin: The Silk Road hacker’s story

Crypto.com Expands Offerings With Acquisition in Australia

Elon Musk threatens Microsoft with suit, claims AI trained on Twitter data

The Twitter chief alleged Microsoft scraped information from the platform to train its AI and sell the data to others.

Microsoft has been threatened with a suit from Tesla and Twitter chief Elon Musk who claimed the Big Tech firm “illegally” trained its artificial intelligence (AI) on Twitter data.

On April 19, Musk tweeted that it was “lawsuit time” in response to a post reporting that Microsoft would cease supporting Twitter on April 25 across its online social advertising tools, Smart Campaigns and Multi-platform.

The Twitter boss alleged Microsoft “trained illegally using Twitter data” implying the firm mined user tweets to help train its AI-powered applications.

Microsoft didn’t explain why it was winding down Twitter support although Twitter’s API fees skyrocketed from $0 to $42,000 a month and in some cases are priced upwards of $200,000 per month according to a March report from Wired.

Musk made further allegations that Microsoft is “demonetizing” Twitter data by removing advertisements and “then selling our data to others.”

Microsoft’s decision to ditch Twitter means its customers will lose access to their Twitter accounts through its tools in addition to being able to create, manage, view and schedule Tweets.

Microsoft has scrapped Twitter advertisements from its Multi-platform. Source: Microsoft

Facebook, Instagram and LinkedIn remain available to Microsoft customers, its website states.

Related: Microsoft Azure Marketplace integrates on-ramp to blockchain data

Microsoft’s decision comes a few months after Twitter stopped providing free access to the Twitter API for versions 1.1 and 2.

Academics have been hit hard by the huge price swing. Over 17,500 academic papers have been based on Twitter data since 2020. Now they’ve been largely priced out.

Cointelegraph contacted Microsoft, who declined to comment on Musk’s claims and its decision to scrap Twitter ads support.

The software company is now reportedly developing its own AI chips to power ChatGPT to deal with the rising development costs for in-house and OpenAI projects.

Microsoft is the second largest company in the world by market cap behind Apple, with a $2.15 trillion valuation according to Google Finance.

Magazine: NFT Creator, Emily Xie: Creating ‘organic’ generative art from robotic algorithms

Crypto.com Expands Offerings With Acquisition in Australia

Ebay Expands Into NFT and Web3 Space With New Job Openings

Ebay Expands Into NFT and Web3 Space With New Job OpeningsThe online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June 2022. Big Corporations Still Seek Workers to Manage Crypto and Blockchain […]

Crypto.com Expands Offerings With Acquisition in Australia

FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government Agencies

FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government AgenciesThe now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street Journal (WSJ), and more. U.S. government entities, such as the […]

Crypto.com Expands Offerings With Acquisition in Australia

Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations

Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ OperationsAccording to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still operating” and is simply “scaling back.” Wyre Cryptocurrency Payments Firm Allegedly Shutting […]

Crypto.com Expands Offerings With Acquisition in Australia

Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse Initiatives

Samsung Is Investing More Than  Million in Latam-Focused Metaverse InitiativesSamsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences, as part of its digital push and growth marketing strategy. Samsung’s Metaverse Push in Latam Many […]

Crypto.com Expands Offerings With Acquisition in Australia

Leaked Documents Show Facebook and Twitter Working Closely With DHS, FBI to Police Disinformation: Report

Leaked Documents Show Facebook and Twitter Working Closely With DHS, FBI to Police Disinformation: ReportThe U.S. Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI) are reportedly working closely with major social media platforms, like Facebook and Twitter, to police “disinformation.” Leaked documents further show their plans to expand censorship. Leaked Documents Reveal How Department of Homeland Security Plans to Police Disinformation Leaked documents and court […]

Crypto.com Expands Offerings With Acquisition in Australia

Bank of America Posts New Job Listing for Crypto Policy Expert

Bank of America Posts New Job Listing for Crypto Policy Expert

Financial services giant Bank of America is now looking to hire a crypto policy expert to help the firm navigate through regulations. According to a new job posting on LinkedIn, Bank of America is looking for a crypto policy and insights manager to keep track of regulatory hearings by federal and state agencies as well […]

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Crypto.com Expands Offerings With Acquisition in Australia