Plus: Microsoft fixes Bing security flaw
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Italy has banned ChatGPT due to security and data privacy concerns. The decision was announced by the country's premier data authority. More: - The agency, named Garante per la Protezione dei Dati Personali, has ordered the company to stop processing users' data immediately.
- According to Garante, OpenAI did not inform users that their data was being collected.
- Additionally, the Italian agency claims that there is no legal basis that enables the massive collection and processing of personal data to train OpenAI's algorithms.
- The Garante also stated that the lack of an age verification system could put minors at risk of being exposed to inappropriate content.
- As a response, OpenAI has stated that it is working to reduce personal data in training its AI systems like ChatGPT.
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The U.S. Department of Justice has seized $112M worth of stolen cryptocurrency. The funds will be returned to the victims. More: - The criminals behind these cryptocurrency fraud scams approached their victims via various dating platforms, messaging apps, or social media platforms.
- The victims were convinced to participate in different cryptocurrency investment schemes and deposit money on suspicious websites, which eventually led them to have their wallets stolen.
- Hackers used the stolen cryptocurrency as a way of laundering stolen funds from different digital scams.
- The funds were held in six different wallets.
- According to the FBI, the highest number of reports came from victims between the ages of 30 and 49.
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Cold wallet manufacturer Ledger has raised a $109M Series C funding round. The company is now valued at $1.4B. More: - Ledger offers crypto wallets that aim to protect cryptocurrencies and NFTs from being hacked.
- According to Ledger, its products are differentiated by the fact that they include a Secure Element chip and Ledger's proprietary OS.
- The company claims that it has sold over 6 million cold wallets so far.
- The round was led by Morgan Creek, Cité Gestion SPV, Digital Finance Group, VaynerFund, True Global Ventures, and 10T.
- Since its inception in 2014, the company has raised over $500M.
- Ledger is based in Paris, France.
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Microsoft has fixed a bug that allowed hackers to manipulate Bing search results and hack Office 365 accounts. The researchers who tracked the bug were awarded $40,000. More: - The flaws were reported to Microsoft in January and February 2023 by New York-based cybersecurity company Wiz.
- Researchers pointed out that the flaw had especially affected multi-tenant applications, enabling any Azure user to be able to log in to the targeted application.
- One of the affected apps was a content management system that is used to support Bing.com. The flaw enabled hackers to modify search results and launch high-impact XSS attacks.
- The flaw enabled hackers to breach:
- Outlook emails,
- calendar data,
- messages on Teams,
- SharePoint documents and OneDrive files.
- The flaws were first tracked in January of 2023.
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Fourthline has raised $54M to improve identity verification in the financial industry. The company focuses on the European market. More: - Fourthline claims that it uses its own proprietary data sets and doesn't rely on APIs to verify user identity.
- Its platform is used by companies such as:
- N26,
- Wish,
- Western Union,
- Qonto,
- Trade Republic,
- FlatexDEGIRO,
- Scalable Capital,
- NN, etc.
- Finch Capital led the funding round.
- Since its inception in 2013, the company has raised $75M.
- The company is based in Amsterdam, Netherlands.
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- Data hosting company Western Digital has stated that unknown threat actors have breached the company, managing to exfiltrate data.
- Researchers have spotted a new campaign where hackers are adding malicious functionality to WinRAR self-extracting archives, allowing them to plant backdoors without being noticed.
- The U.S. Department of Defense has launched a website for the Hack the Pentagon bounty program.
- Datadome, a cybersecurity company that offers an AI-powered platform that helps detect online bots, has raised $42M.
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Upcoming events at Inside: - April 06 - Inside Marketing Coffee Break w/ Jeremy Sporn (Royce Brook Media) (Register Here)
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- April 14 - Inside Interview with Landing - The Ultimate Corporate Housing Resource with Torger Philosophos (Register Here)
- April 18 - Human Resources Summit'23 (Register Here)
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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