A data breach of nearly all AT&T customers via third-party vendor Snowflake has just resulted in a $370,000 payment to the hackers. And, while this is not unusual, it may be a strategy US companies cannot use for long, if a planned law is passed.
The Ransomware and Financial Stability Act 2024, a bipartisan law introduced this spring, would set a limit of $100,000 companies could pay for ransom in a cyber-attack.
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As privacy rules limit access to third-party customer data, data clean rooms offer a privacy-safe way for companies to share data directly. LiveRamp reports that 76% of more than 200 survey respondents have used data clean rooms, a 60% surge on last year. An even higher 82% plan to collaborate with data partners in the next year.
EU regulators are charging Elon Musk’s X with violating the Digital Services Act (DSA), including deceiving users via use of dark pattern practices, including allowing them to self-verify their identity, which goes against industry practice of identity confirmation from trustworthy sources. This is one of a number of potential violations regulators are exploring and if proven could result in penalties for X of up to 6% of global annual turnover.
Disney has agreed to license more than 200 characters, costumes, and environments (but not voices or talent likenesses) to OpenAI for Sora, its gen AI video platform. This is highly unusual for Disney, which generally sues AI models for copyright infringement; in fact, it sued Google for that a day before announcing the OpenAI deal. Disney will also invest $1 billion in OpenAI, nicely illustrating how very eager they are to join the AI party.