Business of Tech: Daily 10-Minute IT Services Insights

OpenAI, Cybersecurity Risks, Regulatory Challenges, and New Ransomware Tactics

Jul 11, 2024

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Microsoft and Apple will not have advisory roles on OpenAI's board of directors, despite their investments, as regulatory scrutiny on big tech companies increases. OpenAI faced a security breach in its internal messaging systems, raising concerns about the potential theft of AI technology by foreign adversaries. The company also addressed a security issue in its ChatGPT Mac OS app, highlighting the importance of cybersecurity in AI development.

A federal judge has delayed the implementation of the FTC's ban on non-compete agreements, siding with the U.S. Chamber of Commerce and a tax firm. This decision could impact future regulatory actions and business practices. Additionally, the U.S. Supreme Court's overturning of the Chevron Deference Doctrine challenges the Biden administration's cybersecurity regulations on critical infrastructure organizations. The episode also touches on the ongoing debate over net neutrality rules and the Republican National Committee's promise to repeal President Biden's executive order on artificial intelligence.

The episode delves into the cybersecurity challenges faced by MSPs, with a high percentage experiencing cyberattacks and unplanned expenses. A new ransomware group called Volcano Demon has emerged, utilizing phone calls for payment negotiations and intimidation. The discussion also includes vulnerabilities in Apple devices and the importance of companies like Enable signing the Secure by Design Pledge to enhance security in products and services. Google's Advanced Protection Program and its impact on high-risk users are also highlighted as a new security measure in the tech industry.

Four things to know today

00:00 No Advisory Roles for Microsoft and Apple on OpenAI's Board Despite Investments

03:38 Federal Judge Delays FTC's Noncompete Ban Implementation Amid Legal Challenge

07:54 MSPs Face Heightened Cyberattack Risks: 76% Targeted, Unplanned Expenses Rise

10:21 Volcano Demon Ransomware Utilizes Phone Calls for Payment Negotiations and Intimidation

Supported by:

https://www.huntress.com/mspradio/

https://www.coreview.com/msp