Sat.Aug 29, 2020

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Ex-Cisco Engineer Pleads Guilty in Insider Threat Case

Data Breach Today

Sudhish Kasaba Ramesh Caused $1.4 Million in Damages to Former Employer A one-time Cisco engineer has pleaded guilty to causing $1.4 million in damages to his former employer. Sudhish Kasaba Ramesh admitted to deleting 456 virtual machines that affected 16,000 WebEx accounts for weeks, according to the Justice Department.

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Experts demonstrate the PIN is useless in EMV contactless transactions

Security Affairs

Researchers with ETH Zurich have identified vulnerabilities in the implementation of the payment card EMV standard that can allow bypassing PIN verification. Researchers David Basin, Ralf Sasse, and Jorge Toro-Pozo from the department of computer science at ETH Zurich discovered multiple vulnerabilities in the implementation of the payment card EMV standard that allow hackers to carry out attacks targeting both the cardholder and the merchant.

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Lack of MFA May Have Caused Sendgrid Account Compromise

Data Breach Today

Email Service Provider Moving to Implement Additional Security Measures Security professionals are expressing surprise that email service provider Sendgrid did not have multifactor authentication in place to protect its customer accounts, which resulted in a large, but unknown, number being compromised with the data being sold on the darknet.

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FBI warns of an increase in online romance scams

Security Affairs

The FBI is warning of online romance scams and related financial losses, overall losses associated with those complaints exceeded $475 million. The Federal Bureau of Investigation warns of online romance scams (also known as confidence fraud), an ongoing criminal activity that continues to cause large financial losses along with emotional effects with unpredictable consequences.

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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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Consignment Inventory

Ascent Innovations

Consignment Inventory or Vendor-owned Inventory. Consignment inventory is an element of supply chain management in which the vendor inventory is held at the customer warehouse. The customer doesn’t pay for the goods until the goods are consumed, and in most cases, pays only the amount consumed. When receiving the inventory, the physical receipts and on-hand inventory transactions are posted in the system, without any general ledger postings.

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Vendor-owned Inventory or Consignment Inventory

Ascent Innovations

Vendor-owned Inventory or Consignment Inventory. Consignment inventory is an element of supply chain management in which the vendor inventory is held at the customer warehouse. The customer doesn’t pay for the goods until the goods are consumed, and in most cases, pays only the amount consumed. When receiving the inventory, the physical receipts and on-hand inventory transactions are posted in the system, without any general ledger postings.

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North Korea-linked APT group BeagleBoyz targets banks

Security Affairs

North Korea-linked APT group BeagleBoyz intensified its operations since February, US CISA, Department of the Treasury, FBI, and USCYBERCOM warn. According to a joint advisory issued by the Cybersecurity and Infrastructure Security Agency (CISA), the Department of the Treasury, the Federal Bureau of Investigation (FBI), and U.S. Cyber Command (USCYBERCOM) North Korea-linked APT group BeagleBoyz was very active since February 2020 targeting banks across the world.

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