MICROSOFT HACKING
Global Market Today: Asian stocks slide as tech earnings disappoint, AI fears mount
The Kospi Index in South Korea — a key barometer of the AI trade — fell over 3% with chip heavyweights Samsung Electronics Co. and SK Hynix Inc. declining. That dragged the MSCI Asia Pacific Index down 0.3%.
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.
AI-powered cyberattacks siphon ₹300 crore from small NBFCs in two months
Recent cyberattacks have inflicted an estimated loss of ₹300 crore on Indian NBFC, with around 150 fraud cases reported. Focus has shifted towards identifying Chinese hacking platforms and AI toolkit involvement in these incidents. Exploiting operational weaknesses, these cybercriminals persistently launch their attacks, leading to urgent calls for NBFCs to bolster their cybersecurity frameworks to fend off further threats and safeguard their operations.
Indian patch patrol sets out to resolve PHP risk
Two critical security flaws in PHP, the programming language underpinning an estimated 70% of the internet, have triggered emergency cybersecurity measures in India. Banks are auditing applications and preparing backups, while the government is patching official websites. Razorpay has deployed AI-led vulnerability detection and warned merchants about potential breaches.
Microsoft needs 'fewer people, more AI agents' to keep up with OpenAI, Anthropic, says ex-employee as 60,000 get buyout offer
Former Microsoft Entra product manager Merill Fernando says the tech giant needs fewer employees and more AI agents to keep pace with OpenAI and Anthropic, citing organisational silos and slow technology adoption. His remarks come as Microsoft offers voluntary buyouts to around 60,000 eligible employees across India, the US, UK and Canada.
PHP security vulnerabilities: Indian govt rushes to fix official websites, banks audit apps
Banks have begun auditing applications for weaknesses, taking some non-critical services offline and preparing backups to divert traffic if parts of their websites or mobile applications experience downtime, according to executives.
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Swiggy’s Q2 report card; eMudhra to exit certificate biz
Swiggy continued on its growth trajectory while bringing down losses in Q2FY27. This and more in today’s ETtech Top 5.
From eMudhra to PHP: Breach spree hits tech infrastructure, AI emerges as threat multiplier
Recent cybersecurity incidents have raised concerns among companies and government agencies regarding digital certificates and critical software vulnerabilities. A security breach at eMudhra impacted its global digital certificate business but was managed promptly. Additionally, critical vulnerabilities in PHP temporarily led to the shutdown of various websites for security updates. A supply-chain attack compromised the LiteLLM Python package, affecting its users significantly.
Chinese-linked hackers compromise ConnectWise, target hundreds in global attack, Microsoft says
A Chinese-linked hacking group used an AI-driven penetration testing tool to compromise IT services firm ConnectWise as part of a campaign that targeted hundreds of organizations globally, Microsoft said on Wednesday.
IBM executive warns of risk of quantum computing hacks
Organisations are unprepared for the risks posed by quantum computing, IBM's Europe and Africa vice-Wednesday, referring to the high-speed technology that could crack security encryptions and enable large-scale cyberattacks. I would say less than 10 percent today," Curioni said on the sidelines of a London conference organised by the American technology pioneer.
Microsoft brings more AI to PCs as it challenges Apple
Microsoft said it was releasing Microsoft Execution Containers, a tool to prevent agents from accessing data and doing unauthorized tasks when running on a laptop or desktop machine. Anthropic, OpenAI and Nvidia will use the tools, Pavan Davuluri, executive vice president for Windows and devices, said at the event in San Francisco.
Microsoft, Nvidia CEOs to unveil new AI laptop at San Francisco event
Microsoft is set to unveil a groundbreaking laptop featuring Nvidia's chips, aimed at bolstering local AI functionalities. This ambitious move intends to transfer previously cloud-dependent complex tasks to individual devices, streamlining operations. However, both Microsoft and Apple face hurdles due to escalating hardware expenses in the competitive AI landscape. This event symbolizes a longstanding partnership between Microsoft and Nvidia, which is crucial for the future of advanced computing.
What have leading AI firms agreed to in Trump's Super Intelligence accord
In a significant collaboration spurred by concerns over AI advancements, tech giants convened at the White House to ink a Super Intelligence accord focused on boosting AI safety. While this agreement sets out voluntary safety benchmarks, it has no legal obligations at present. Major firms like Google and OpenAI will implement robust internal controls and monitoring of their AI systems, with independent committees ensuring thorough audits for accountability.
How a 16-year-old researcher hacked into Microsoft analytics service holding 17 trillion rows of data
Faav, a savvy security researcher, discovered a significant vulnerability in Microsoft's Titan analytics platform that permitted unauthorized access. This flaw enabled him to masquerade as an administrator, executing SQL commands on extensive datasets. Upon notifying Microsoft, swift actions were taken to remedy the issue. For his responsible reporting, Faav was awarded a bounty of $5,000, highlighting the critical need for thorough security assessments within tech firms.
Anthropic, OpenAI sound AI doomsday warning, Nvidia may have an answer. Here's explainer
AI safety debate has divided the industry, with the heads of Anthropic and OpenAI championing a coordinated slowdown of Artificial Intelligence development to let safety efforts catch up. However, Nvidia may have a plan.
What is Anthropic Claude Sonnet 5.5?
Anthropic has released Claude Sonnet 5.5 on Monday. It is the second model in its Claude 5.5 family. The AI lab is expanding its product lineup ahead of a planned IPO. Sonnet 5.5 is a faster and lower-cost option than Claude Opus 5.5.
Will AI safeguards become a reality soon?
Bill Gates has joined the chorus in calling for stricter AI safeguards. Microsoft co-founder has said that the government must be involved. He also said that the safeguards would not dramatically hinder the industry. The risks of not implementing the regulations are real.
Bill Gates joins calls for AI safeguards, including legislation
A sudden groundswell has risen in favor of federal intervention after OpenAI said in July that an autonomous AI agent went rogue during a security test and hacked into another company, subverting human control. Gates joined that chorus, saying that government must be involved.
Autonomous AI hacks raise thorny questions of legal accountability
The prospect of legal accountability is unclear. Lawsuits are a possibility, but some legal experts believe any criminal investigations would face an extremely high burden given the autonomous nature of the attacks and the absence of evidence the AI models were designed with the intent to hack into other networks.
Course correction? How the last 10 days changed the way we see AI
In a series of cascading events over a 10-day stretch, OpenAI and Anthropic, the largest AI labs, found themselves reeling as their own creations threatened to break humanity itself.
OpenAI, Microsoft executives' quotes on AI training threaten copyright defense, news outlets argue
OpenAI and its largest financial backer, Microsoft, have argued in the Manhattan federal court case that their AI training on millions of newspaper articles is protected as fair use because it transforms copyrighted material into new content and does not compete with or replace the news organizations' journalism.
Amazon enters AI safety fray, calls for "rigorous testing," safeguards
The company provided its views in response to a Reuters inquiry days after many of the largest labs called for slower AI development, following an outcry among researchers and others who fear the technology could evade human control and threaten global systems and even humanity itself.
Trump dismisses new AI guardrails, says there is a 'SICK conspiracy' against AI and data centers
Trump was pushing back against calls by tech leaders such as Anthropic's Dario Amodei, OpenAI's Sam Altman and Elon Musk to have greater government oversight of AI. Their goal is to ensure the technology is developed in ways that promote safety, address legal liability, feed economic growth, advance science and preserve national security.
Microsoft drafts code of conduct to keep its AI under human control
The document, in the works for five to six months, would require Microsoft's AI to never resist correction or shutdown, to communicate in ways that humans can understand, and to consider any conduct violation to be a failure - an effort to address concerns that AI can go to dangerous lengths to accomplish a task.
Former Anthropic researcher Jacob Coxon advocates for 'kill switch' for AI systems
In an interview to NBC News' Meet the Press, Coxon advocated for measures to put in effect the slowdown including the possibility of a 'kill switch'.
Three Indian companies under US Senators' scanner for data 'theft' allegations
US Senators have urged action against three India-based companies for alleged hacking. These firms reportedly stole data from thousands of Americans and US companies. Investigations suggest widespread hacking targeting private equity and pharmaceutical firms. The companies also allegedly used foreign courts to censor reporting and silence criticism. Senators want these firms added to an Entity List to cut off US tools.
Anthropic resumes external cyber tests after Claude AI hacks
Similar incidents involving rivals OpenAI and Meta Platforms have heightened concerns that advances in artificial intelligence could amplify cyber threats while straining developers' ability to keep their systems contained.
Major tech companies call for defensive surge to defeat AI-driven hacks
It called on governments to expedite trusted access programs, which give certain companies access to more powerful models ahead of the general public, and for all other organizations to "make cyber defense an immediate leadership priority."
Microsoft restricts Chinese access to cyber early warning system following speculation that Beijing is behind hacking campaign
Microsoft declined to disclose the status of its investigation of the hacking or go into specifics about which companies had been restricted.
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