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Malicious actor considering his next act of dysinformation

Defining Dysinformation

Lou Covey

Happy Holidays – our last issue of the year is out, and it’s all about Disinformation or, as we like to put it: Dysinformation.

Dysinformation is a scourge of society, fueled by social media and malicious actors, but you may not have heard the term spelled this way. Dysinformation simply means “damaging information.” It puts misinformation and disinformation in the same bucket, but what is the difference?

Disinformation

Disinformation is intentional. The authors know it is false and distribute it with the desire to defraud, destabilize and delegitimize issues and individuals. It is often defended as, “Hey, I’m just asking questions.” The first recorded instance of disinformation occurs in Genesis. After Eve explains to the serpent why she should not eat forbidden fruit, the serpent replies “Has God really said…?”

Disinformation authors do not need to prove an allegation. They just need to get a small credulous audience to wonder if what they say is true. If the allegation reflects a particular opinion of the audience, they are more likely to accept the allegation as true. Every piece of disinformation may contain an element of truth to establish the author’s qualifications, but the majority is sheer speculation.

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An evolution of bots from ELIZA, to worms and viruses, to the king of Bots Elon Musk

A brief history of bots

Lou Covey

Bots have been around for more than half a century to automate repetitive tasks and provide services on early internet platforms. The first was ELIZA, developed as a research project in 1966 at the Massachusetts Institute of Technology (MIT) the goal was to simulate conversations with a human being. ELIZA conversed with users, although it did not understand what the user was saying. Artificial intelligence chatbots are much more sophisticated versions of ELIZA, but still lack human comprehension.

Bots not replacements

The purpose of ELIZA was to determine if computers could replace psychoanalysts. Consequentially, it was the first time the prediction that computer could replace humans had some hard evidence. Today, there are mental-health AI applications with not much better results than ELIZA but projected to have a $8 billion market by 2032.

In 1988, the earliest broad use of bots was Internet Relay Chat (IRC) automating user list management, searches, and providing services like weather updates or game scores. But these were not known as bots at the time. They were called automations and still required a human interface to operate,

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Digital Operational Resilience Act

EU’s DORA: Who will stand up for protection?

Lou Covey

The EU's Digital Operational Resiliency Act (DORA) went live in January. This legislation's goals seem to conflict with the US administration’s willingness to ignore technology security standards. The question is: Who will stand up to protect corporate and consumer data?

DORA is highly targeted at the stability and resilience of the financial services sector. It ensures financial institutions can respond to, withstand, and recover from ICT-related threats and disruptions. It also requires robust strategies and policies to manage ICT risks in financial institutions.
Arnaud Treps, chief information security officer at Odaseva, said, “DORA is very different from previous regulation where you have to change where you operate. DORA is about having proper backups, the capability to restore quickly, and building redundancy.”

Europe takes the lead

But does the US rejecting data privacy regulation mean walling America off from the rest of the world? Meta has threatened to potentially limit

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English riots cause unprecedent damage

How social media moderation works

Lou Covey

There has been a lot of debate regarding the imposition of moderation on social media and whether that constitutes censorship and violations of the right to free speech. That argument is specious at best. Offending content on commercial social media is removed only when it negates profitability.

Most humans moderate their speech. Sometimes we think about impulsively speaking in reaction to something that incites strong emotions. People who do not react have what is called, “self-control”. Some people don’t have that filter (I’m looking at you, Elon) and blurt out offensive, nonfactual, or dishonest responses. Sometimes they aren’t atypical, they are just selfish people without manners (still looking at you Elon). Moderation of your speech is just a civilized attitude.

Profit motive

When it comes to social media, however, especially for-profit social media, the primary factor is profit. That has been the guiding principle of all social media moderation.

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Editorial: Jog on, Meta

Lou Covey

Mark Zuckerberg made two announcements about major changes in Meta in the past two weeks. The first was the revelation that they would be creating hundreds of AI-driven bots to interact with users. The second was the announcement that they would stop moderation of content, “except for dangerous stuff,” according to a video posted by Zuckerberg. With a certain amount of schadenfreude, we note that Meta had to pull the accounts they had already made as users started engaging with them, finding their inherent flaws and raking them over the coals for how piss-poor their execution was.

Both of these announcements validated a decision I had made earlier this year to start divesting myself of Meta platform accounts. I made the request to deactivate all the accounts (Facebook, Instagram and Messenger) a week before both announcements. I would have done it sooner if I had known it would take Meta 30 days from my request to deactivate everything. This morning, however, I received a text from my partners in Cyber Protection Magazine asking if I thought we should deactivate our Facebook account.

Frankly, I had forgotten we had one, basically because we received zero engagement from the platform, despite the amount of content we put up there. That,.too, is a result of Meta de-emphasizing legacy media. Of course, I concurred with the team. Sometime in February, we will disappear from Facebook.

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SE Asia casinos that shut down during pandemic were turned into social-engineering call centers to scam wealthy individuals

Pig butchering: Proving the Luddites right

Lou Covey

Pig-butchering may be proving the Luddites were right. The social-engineering scam bypassed ransomware as the most profitable cybercrime approximately two years ago. After government regulations and law enforcement took a big bite out of returns for ransomware this past year, public-private partnerships are taking aim at the new champ.

TL;DR
* Pig butchering eclipses losses from ransomware
* Top targets are tech savvy people under 50
* Human error trumps cyber awareness
* Public/private partnerships making inroads at dismantling scam operations
* Tips to avoid scams
* Podcast with Arkose CEO
Between 2020 and 20023, scammers reaped more than $75 billion from victims around the world. Approximately 90 percent of the losses came from of purchasing fraudulent cryptocurrency, according to the US Treasury Department’s, Financial Crimes Enforcement Center. In comparison, ransomware attacks in that same period harvested $20 billion worldwide in ransoms and cost approximately another $20 billion in recovery costs.

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