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Feb 12, 2025 Jane Wakefield, a technology journalist known for her insights on scams and AI, joins the discussion to unravel the shocking SEC Twitter hack that misled many into thinking Bitcoin ETFs were approved, impacting cryptocurrency prices. The conversation dives into the alarming rise of ransomware, exploring proposals to ban ransom payments and the ethical implications involved. Wakefield also highlights the susceptibility of younger generations to conspiracy theories exacerbated by AI, calling for heightened security measures in an increasingly digital world.
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SEC Twitter Hack
- Eric Council, aka "AGiantSchnauzer," used a SIM swap attack to compromise the SEC's Twitter account.
- He then posted about Bitcoin ETF approval, affecting the market price, and later pleaded guilty.
AI & Disinformation
- AI's inaccuracies, coupled with declining trust in mainstream news, fuel a "post-truth era."
- The BBC's experiment revealed AI chatbots distort and misrepresent news, raising concerns about real-world harm.
Ransomware Payments Ban
- The UK proposes banning ransomware payments for public sectors.
- This aims to disrupt cybercriminal business models by cutting their income source.
