Infosec Industry News
A collection of Infosec latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Inside the race to quell prediction markets' insider trading woes
Tucked deep inside the Manhattan offices of the prediction market firm Kalshi lies a dimly lit annex, where about a dozen young men in athleisure wear quietly tap away at keyboards. The open concept and casually attired employees bear a resemblance…
CNBC Daily Open: Hostilities heat up, market rally cools
Stocks reverse gains amid an escalation in hostilities between the U.S. and Iran. Oil prices spike in early trade after Iran targets a U.S. airbase and American forces launch fresh strikes on Iran. Kuwait activates air defenses in response to…
'Detect, understand, respond' driving OMB, CISA's latest cyber efforts
Agencies will soon have new requirements for logging cybersecurity data to better secure their systems and applications against ever-increasing threats. The Office of Management and Budget's new memo outlining these changes is one of several ways…
A Google engineer made $1.2 million via insider trading on Polymarket under the name 'AlphaRaccoon': DOJ
The DOJ said a Google engineer used confidential company information to mint over $1 million in profit on Polymarket. A New York district attorney, Jay Clayton, said in a Wednesday news release that Google software engineer Michele Spagnuolo used…
Anthropic leapfrogs OpenAI as the most valuable AI startup - and drops a new model
Anthropic has arrived with the newest entrant in the AI race — and a new stack of cash. On Thursday, the AI lab announced a new $65 billion fundraise, valuing it at a staggering $965 billion and making it the most valuable AI startup…
Google employee charged with fraud after winning $1.2m on Polymarket
A Google employee was charged with fraud wednesday after allegedly winning $1.2m betting on Google trends at gambling site Polymarket. Michele Spagnulo, 36, used insider info and a pseudonym, prosecutors say, to run the table. Arrested in New York…
Amazon plans to make SpaceX's Grok models available on its flagship AI service
Amazon Web Services is in talks to soon add SpaceX's latest Grok models to its flagship AI platform Bedrock, according to people familiar with the matter. The move would deepen AWS's push to make Bedrock the central hub for top AI models. Elon…
Google worker charged for using internal data to make $1.2m on Polymarket
A Google employee has been arrested for allegedly using his access to company information to successfully place lucrative bets on the prediction platform Polymarket. The US Attorney for the Southern District of New York said it had charged Michele…
Leaders Must Rethink Cyber Risk Oversight For The AI Era
Bhavya Bhandari is Senior Manager, Technology Consulting, at Ernst & Young LLP. We are living in an era when artificial intelligence is changing faster than how we detect cyber risks. Threats that once took weeks or months to identify and evaluate…
Wall Street Breakfast Podcast: Snowflake Turns Up The Heat
Listen below or on the go via Apple Podcasts and Spotify Snowflake (SNOW) skyrockets after Q1 report features Natoma acquisition and AWS deal. (00:14) Google (GOOG) (GOOGL) employee faces fraud charges over $1.2M Polymarket bet. (1:31) Ohio to…
Google employee charged with $1M Polymarket insider trading bet on search term
Federal prosecutors charged a Google employee with fraud on Wednesday, alleging that he made $1.2 million from bets on Polymarket that used insider information. The employee, Michele Spagnuolo, has been charged with money laundering, commodities…
OpenAI has vast ad ambitions. Here's where you're most likely to see ads in ChatGPT, now.
Bit by bit, advertisements are creeping onto ChatGPT. OpenAI's ads push has been met with intense scrutiny. It's a potentially huge revenue driver, and it also raises questions about privacy, personalization, and bias in its chatbot. Business…
The Smart Leaders' Guide To Stopping AI Bias In Its Tracks
Photo by Helena Lopes on Unsplash If you follow industry news, you may be aware of the lawsuit being brought against the HR platform Workday, which claims that AI has been unfairly screening out candidates based on factors like age, race and…
Google employee arrested over insider information used on Polymarket, profited over $1 million
Prediction market betting has become a huge trend over the past couple of years, with bets on real-life events able to generate huge profits for those who can correctly guess the outcome. The use of insider information, though, is a fairly common…
Walmart's warehouse club assembled a growing army of fans to help in its race against Costco
Focus groups are a mainstay of retail, but Walmart's warehouse club is taking it to another level in its battle against Costco. Sam's Club is assembling a large and growing community of shoppers to help it develop new products as it races to expand…
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