CYBERSECURITY LAWS
Stuck on the tarmac during a ground stop? The rules on how long airlines can keep you on board
The FAA's November 13 nationwide ground stop disrupted flights after communications failures affected air traffic control centers. Passengers still have refund rights when flights are canceled. For domestic tarmac delays, airlines generally must let passengers off within three hours, subject to safety and security exceptions.
China’s army-linked university was served Nvidia chips despite US sanctions
A Chinese university with close links to the country's military has purchased two of Nvidia's powerful H200 AI chips despite being on the US export blacklist, according to procurement records reviewed by Reuters. The findings raise fresh concerns over gaps in Washington's export restrictions and China's access to advanced American technology through domestic suppliers. Other Chinese universities and research institutions have also reportedly obtained restricted Nvidia chips or rented computing capacity powered by them.
Man found a note in his kitchen. Now he’s suing OpenAI over what ChatGPT allegedly told his wife
A North Carolina man says he found a note that made him fear his wife was planning to poison him. He is suing OpenAI, alleging ChatGPT helped develop and conceal the plan.
NPCI defends MDR charges in SC, says merchants can't pass on them to customers
The top court on September 28 had sought responses from the Centre and others, including the NPCI, on a petition challenging the decision to impose an MDR on specified UPI person-to-merchant transactions above Rs 2,000.
Are Russia, China, Iran planning to carry out large scale cyberattacks bigger than Europe supermarket fridges hacking? Top Britain official reveals shocking details
Moscow, Beijing and Tehran have all repeatedly denied similar accusations of malevolent cyber actions in the past.
From SBI to Binance, how financial institutions are becoming cyberattack targets
Recent incidents involving cryptocurrency exchange Binance and Indian public sector lender State Bank of India (SBI) have once again put the spotlight on the issue. While Binance reported a security breach involving unauthorised cryptocurrency withdrawals estimated at around $6.3 billion, SBI is investigating a suspected data leak involving nearly 3,900 customer records.
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Are your freezers safe? Military commissary refrigeration cyberattack probe, French supermarkets systems crash raise fears
Cyberattack latest: Refrigeration plays a critical role in the distribution of fresh food and the sabotage of cold storage facilities over the internet has long been seen as a nightmare scenario, alongside the loss of electricity or water plants.
Binance sets aside USD 6.34 billion to cover crypto hack losses, targets phased withdrawal resumption
In response to a significant security breach, cryptocurrency exchange Binance has earmarked USD 6.34 billion to cover losses incurred from unauthorised withdrawals amounting to about USD 6.3 billion. The company is committed to recovering these funds and restoring withdrawal services incrementally, having already safeguarded USD 5 billion in stolen assets.
Hospital balance sheet: How AI could cut costs and improve efficiency
As hospitals grapple with soaring costs in drugs, supplies, and labor, the integration of AI emerges as a vital necessity.
What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft
Binance says hackers stole more than $6 billion in what is being described as the largest cryptocurrency heist on record, with blockchain intelligence firms linking the attack to North Korea’s TraderTraitor hacking unit. The exchange has set aside $6.34 billion to cover losses, frozen about $3 billion in affected assets with partners and says it will reimburse users while investigators trace the stolen funds.
PB Fintech, Delhivery improve Q2 profits; Binance's $6.3 billion caper
PB Fintech on Friday reported a strong jump in profit and revenue for the July-September quarter. This and more in today’s ETtech Top 5.
Who are the hackers suspected in Binance's $6.3 billion crypto theft? Are they state-backed groups?
Binance's $6.3 billion hack: The $6.3 billion theft from Binance, the world's largest cryptocurrency exchange, has drawn attention to North Korea's suspected role in major cyberattacks. Blockchain intelligence firms believe a North Korean hacking group called TraderTraitor was behind the incident. However, Binance has not confirmed the identity of the attackers, and investigations are still underway.
Pentagon investigates suspected cyberattacks: Did hackers trigger freezer failures at US military bases and put food supplies at risk?
The Pentagon is investigating whether hackers caused refrigeration failures at US military stores in August, spoiling food across at least six bases. Similar incidents hit hundreds of French supermarkets in October. Investigators are examining possible links, including refrigeration control systems and reported software vulnerabilities. However, officials haven't confirmed a cyberattack or established whether the US and French cases share a cause.
Pentagon treating military base freezer malfunctions as suspected cyberattack, officials say
In August, military commissaries in the United States experienced freezer malfunctions that resulted in significant food spoilage. Investigators are exploring these incidents as possible cyberattacks, with updates being shared with French counterparts. A similar attack in France impacted hundreds of commercial freezers, causing significant financial losses. The vulnerability of refrigeration systems to cyber threats poses risks to food safety and supply chains.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
Pentagon treating military base freezer malfunctions as suspected cyberattack
The Pentagon is treating the spate of mysterious freezer malfunctions that spoiled food at military bases across the United States in August as a suspected hack, according to four officials familiar with the matter.
PHP scare sparks calls for urgent corp DPDP audits to plug all gaps
The incidents underline the need to identify gaps in companies’ security practices and clarify what constitutes reasonable safeguards before the law takes effect, they said. The DPDP Act is being implemented in phases, with a May 2027 deadline for full compliance obligations.
Manipur begins poll preparations, appoints 11 nodal officers for 2027 elections
Preparations for the 2027 Legislative Assembly elections are now underway at the Office of the Chief Electoral Officer in Manipur. Nodal officers have been assigned to coordinate various activities essential for the electoral process. A comprehensive review of election readiness was conducted by senior Election Commission officials across all 16 districts. Furthermore, a workshop focusing on the reliability of Electronic Voting Machines has been carried out.
Rogue AI agents exposing India’s data law blindspots
As companies edge closer to the May 2027 enforcement deadline for the Digital Personal Data Protection (DPDP) law, AI’s emerging cybersecurity risks are creating tension over what might constitute adequate compliance just six to seven months from now.
Australian agency mulled firing KPMG over data-handling rule breach, documents show
KPMG Australia breached its contract with Services Australia by transferring sensitive material outside the secure government environment, prompting consideration of termination of their engagement. Although no data breach occurred, Services Australia has not awarded new audit work to KPMG since the incident, which raised significant concerns about the firm's trustworthiness and compliance with data protocols.
US Treasury proposes a rule to crack down on high-tech investments in China, other adversaries
The U.S. Treasury Department plans to enforce a rule limiting high-tech investments in China and Russia. This initiative aims to curb investments that may boost military capabilities in identified countries. The proposed restrictions will apply specifically to investments exceeding $50,000 and exclude many financial options. Treasury will review public comments before finalizing the rule, indicating a longer compliance process. Additionally, the ongoing tech rivalry between the U.S.
SBI weighs data leak impact, alerts cyber cover provider
SBI may seek a claim under a Rs 1,425-crore cyber insurance policy with Oriental Insurance following a suspected leak of customer data, people familiar with the matter told ET. "SBI is in the process of notifying the insurer about the claim," said a person aware of the development.
AI fear makes companies look powerful and helps them raise funds: Andrew Ng
In an exclusive interview with The Economic Times Digital, Andrew Ng argues that the immediate challenge is to prepare people for work that increasingly involves AI. He notes that computer science students, who have never used a coding agent or are connected to an advanced AI model, even as those skills become essential, continue to graduate from universities.
From Rome to Washington, why governments are pulling DeepSeek off official systems
At least eight governments, now including the US, have restricted the Chinese AI company's products. Most cite the same concern – user data stored in China, where the law gives the state wide powers to access it.
Chinese AI tool behind cyberattacks in Japan: security firm
Dozens of Japanese companies, from restaurant chains to a car hire operator, have disclosed unauthorised access or data breaches in recent weeks -- potentially impacting millions of customers.
The Crypto devices built to foil hackers came with spies inside
In Malaysia, CryptoBilis faces an investigation after numerous customers experienced thefts from hardware wallets. Reports from Ledger SAS link these crimes to a group of criminals who modified the wallets. Victims' losses total over $90 million, raising red flags among cybersecurity experts who emphasize the vulnerabilities present in cold wallets meant for cryptocurrency storage. These events stress the critical need for improved safety mechanisms in the management of digital assets.
Apple names Meta veteran Scott Tucker as litigation chief in legal team shake-up
Apple has hired former Meta litigation chief Scott Tucker as vice president of global litigation and financial services, strengthening its legal leadership amid mounting antitrust, patent and other lawsuits. The appointment is part of a broader reorganisation under General Counsel Jennifer Newstead, as the iPhone maker faces legal setbacks threatening its services business.
AI to create many winners as large companies lead funding: Cisco CEO Chuck Robbins
In an interview with Subhayan Chakraborty and Surabhi Agarwal, Robbins, who is on an India visit, said artificial intelligence will be bigger than the internet and that it's being driven by large companies with strong balance sheets, but warned that many startups and capital could disappear.
Google’s Gemini 4 Argon takes on OpenAI, Anthropic with focus on coding, research and reasoning
Google has made its AI model Gemini 4 Argon available globally for developers and enterprises through API access. This launch follows its prior limited access for selected cybersecurity professionals, enhancing its competitive edge. OpenAI and Anthropic have also released advancements in AI models recently.
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