Techstrong News Recap – August 16, 2022
On August 16, Natan Solomon covered Facebook’s failure to detect election-based misinformation, Chinese tech giants sharing their algorithms with the country’s regulators and controversy over US tax credits for electric vehicle purchases. He also talked about Bitcoin reaching $25,000 per coin for the first time since mid-June and Amazon Ring’s partnership with MGM to create a new TV show. Finally, he previewed articles from Digital CxO, Container Journal and Security Boulevard, which discuss the importance of considering user insights for digital transformation, development of pod security and Cisco’s recent ransomware attack.
Transcript
Hi again, everyone here the headlines for August 16th. First the news according to a new report from Global witness Facebook has failed to detect blatant election based information and adds ahead of Brazil's 2022 election. The nonprofit submitted ads containing false information such as the wrong election date incorrect voting methods and objections to the Integrity of the election.
This is the fourth time Global Witnesses tested metasibility to catch rule violations on its platforms. And in all instances meta has failed to catch them. Medicine it has developed tools to promote reliable information about elections, but it's systems still allows disinformation to spread.
Next many Chinese Tech Giants have shared details of their algorithms with the country's Regulators the cyberspace administration of China released a list of 30 algorithms with a brief description of their purpose from companies such as Alibaba tencent and bike dance. The information in the public filing is spares. So it is unclear how much companies had to disclose.
This move to register algorithms unprecedented. Neither the us nor the European Union have introduced any law like this. Although this is the only the latest development in the past two years as China has tried to tighten its grip on the technology sector In other news not everyone is happy about the proposed us tax credits for purchases of electric vehicles.
Under the 430 billion dollar climate Energy bill passed by the Senate on Sunday. Congress would allow a 7500 tax credit for EVS assembled in North America. However, some cars produced in North America may still not qualify for the tax credit if there are parts are sourced from China in response the EU and South Korea are arguing that these measures are discriminatory and not compliant with the World Trade Organization.
Additionally many of the major car makers would be ineligible for the tax credits because of the parts requirement. Next up Bitcoin recently popped above $25,000 late on Sunday for the first time since mid June. Cryptocurrency currencies have been moving higher in the past month following the rise in US Stocks as digital currencies are correlated with the movements in the stock market.
Bitcoins increase in prices also based on a rally in alternative coins Bitcoin has been stuck between 20 and 24,000 but this small rally could be another sign that inflation pressures are easing and only time will tell if it will return to its previous high of 65,000. Next in the news ring announce its plans to partner with Hollywood studio MGM to create a new TV show the new show ring Nation would take viral footage from the Rings cameras along the style of America's Funniest Home Videos. The show hopes to share a daily dose of life's unpredictable moments.
Collaboration is just another example of Amazon's vast business holding that continues to spread across many sectors with its growth seemingly, never ending. On digital cxo we have an article discussing the importance of considering user insights for digital transformations. Digital experience intelligence provides a retroactive view of how people interact with the site or application.
However, when companies use this data to properly prioritize the user experience, they can make the goal of a customer Centric transformation a reality to learn more check out digital cxo. On container Journal we have an article discussing how to develop pod Security based on the new kubernetes guidelines from the NSA. Four main considerations for pod security include using containers built to run applications as non-root users running containers with immutable file systems scanning container images for vulnerabilities and using a technical control.
The article also gives advice for complying with the new guidelines as well as preventing production issues to read more visit container Journal. Finally on Security Boulevard. We have an article discussing the Cisco ransomware attack and the community's reaction.
Cisco just opened up about a ransomware attacked by hackers with links to Russia. The hack was a result of failing to install a month old Windows update and using a broken multi-factor authentication. Go to Security Boulevard to learn how the community is reacting to this groundbreaking announcement.
And that's today's text wrong news recap.
