Hope King joined us from the Next Web Conference, an event for technology, communication, and media businesses. One of the hot topics at the event was cybersecurity and the threats facing businesses heading into the new year. Chris Young, CEO at McAfee, spoke with us about some of the biggest trends in the space.
2017 was a year riddled with cyberattacks. Young puts the WannaCry breach at the top of the list of worst hacks for the year. In the year ahead, he expects the next wave of attacks will be the use of I.o.T devices to figure out how to physically steal something from an organization. Young also sees artificial intelligence being utilized by criminals to learn how to better attack us.
Young also discussed the culture of security in corporations. He says it is a missing piece for many organizations, adding that it is important that they build an appreciation of security into their culture. The McAfree CEO says his best advice is to "assume you've been hacked" and work from there.
Sens. Elizabeth Warren, Ron Wyden, Ed Markey, and Mazie Hirono sent a letter to top officials at Twitter expressing their concerns over the platform's privacy policy.
The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC.
Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter's ability to popularize new-fangled devices after others failed to capture the public's imagination.
Customers of Venmo, PayPal and CashApp should not store their money with these apps for the long term because the funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned on Thursday.
