Techstrong News Recap – October 11, 2022

Hi again, everyone here the headlines for October 11th. First up the United States Commerce department is increasing its export controls on Chinese ability to get Advanced Computing chips develop supercomputers and make semiconductors. The Commerce department has stated that these updates are part of efforts to protect us National Security as these chips can be used to create military systems such as Weapons of Mass Destruction.

China has since criticized the US on these new export controls as China cannot currently make enough high-end chips used in most smartphones in spite of spending heavily to develop its own producers. Next President Biden has signed an executive order promising EU citizens better data privacy. The order built on a preliminary agreement to end a year's Long battle over the safety of EU citizens data that is stored within us companies.

The original agreement was deemed unacceptable to Regulators as it didn't resolve core issues. As far as privacy is concerned this new order includes a commitment to strengthen the safeguards and adds a multi-layer redress system for EU citizens to seek redress more easily. The US struck down data privacy Frameworks twice in the past, but this one will be more encompassing than those previously mentioned.

While on the subject of the EU Yu lawmakers have voted in favor of new legislation that would require all mobile phones sold in the EU to use usb-c ports by 2024. That means all ports such as micro USB and Apple's lighting Port will have to change in order to continue selling and one of the world's more lucrative Global markets. The legislation's goal is to reduce e-wage which according to estimates says around 11,000 tons of chargers end up in landfills each year.

This being said apple is one of the only major smartphone makers that still hasn't switched over to USB type-c. So this legislation could impact it the most In other news binance the world's largest cryptocurrency exchange is the latest company to be impacted by a major crypto theft this year. A binance link blockchain was involved in a 570 million dollar hack that resulted in binance suspending its blockchain Network BNB smartchain after hackers still two million B&B cryptocurrency tokens.

Of the funds stolen a hundred million was moved off the chain while the rest has been frozen. Finances stated that the theft was due to hackers targeting a cross-chain bridge the infrastructure that allows users to exchange crypto between different blockchains. This being said that some of the largest steps of this year have resulted due to attacking these Bridges.

On Security Boulevard, we have an article looking at why ransomware is still such a big issue. Ransomware hurts large companies and can even drive smaller ones out of business and it is even now easier and cheaper than ever to launch an attack. This being said organizations have multiple opportunities to block a ransomware outbreak.

com. On container Journal we have an article giving a deep dive into role-based axis control in kubernetes. Whether you are a security professional starting to learn about kubernetes or an engineer building with it, it is imperative that you understand the basic systems behind kubernetes.

Role-based access control is the de facto mode for Access Control these days and understanding how it works can help users provision the permissions that their teams need. com. com.

We have an article looking at how indoor Labs has launched a platform that applies graph analysis to the identify the depth the dependencies that exist within an application. This tool notice the dependency lifecycle management platform will make it easier for organizations to manage dependencies within applications that can involve up to thousands of components. com.

And that's today's text wrong news recap.