Connect with us
https://4ma.1f5.myftpupload.com/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Tech

Meta’s Quest VR risks “inception” style hack allowing external control

Published

on

Meta’s $499 virtual reality headsets face a significant security threat as researchers at the University of Chicago reveal vulnerabilities that could allow hackers to take control of the devices and access sensitive information undetected.

In a recent academic paper, computer science researchers detailed how they exploited flaws in Meta’s Quest VR security system to execute what they described as an “Inception-style” attack.

This attack method mirrors the plot of the popular 2010 sci-fi film, where hackers infiltrate the subconscious minds of their victims to steal information.

The researchers developed a malicious app capable of installing code into the VR system, creating a replica home screen and apps indistinguishable from the original.

Once installed, hackers gain control over essential functions such as voice, gestures, keystrokes, and browsing activities, all without the user’s knowledge.

READ MORE – How is Meta striking back against AI?

According to the study, users could unwittingly interact within a simulated environment controlled by hackers, enabling interception, recording, and potential alteration of their actions.

Bank login

For instance, conversations could be intercepted and manipulated, and sensitive activities like entering bank login credentials could be compromised.

In one experiment, researchers manipulated a VR headset user’s payment transaction, causing them to unknowingly transfer a higher amount than intended.

The attack is contingent upon hackers sharing the same Wi-Fi network as their target and exploiting the “developer mode” option, which permits the installation of third-party apps.

Experts advise users to safeguard against such attacks by resetting their devices to factory settings to remove any malicious applications. Meta, responding to the study, stated that they actively collaborate with academic researchers through bug bounty programs and other initiatives.

The vulnerability comes at a critical time for Meta, as its Reality Labs division, responsible for VR technology development, incurred significant losses, exceeding $4.6 billion in the fourth quarter of 2023.

Despite these setbacks, Meta continues to invest heavily in its metaverse technology, confirming augmented reality (AR) and VR product development to expand its ecosystem.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Tech

TikTok launches Instagram competitor ‘Notes’

Published

on

TikTok Notes has launched in Australia & Canada as a formidable competitor to Instagram, offering a unique platform for content creation, text and sharing.

“TikTok Notes is a lifestyle platform that offers informative photo-text content about people’s lives, where you can see individuals sharing their travel tips and daily recipes,” reads the official App Store description.

Take note

The app allows users to create content by combining short videos with text-based notes, closely resembling that of Meta’s Instagram.

Whether it’s sharing a quick tutorial, a personal anecdote, or a thought-provoking message, TikTok Notes is positioned to be a formidable social media platform.

Currently, the app is only available for download and “limited testing” in Australia and Canada.

As it gains momentum, the platform is poised to contest Instagram’s established reign in the social media landscape.

Continue Reading

Tech

Ramifications of a TikTok ban to impact Open Internet

Published

on

The United States’ longstanding advocacy for an open internet faces a critical juncture as Congress considers legislation targeting TikTok.

The proposed measures, including a forced sale or outright ban of TikTok, have sparked concerns among digital rights advocates and global observers about the implications for internet freedom and international norms.

For decades, the U.S. has championed the concept of an unregulated internet, advocating for the free flow of digital data across borders.

However, the move against TikTok, a platform with 170 million U.S. users, has raised questions about the consistency of America’s stance on internet governance.

Read more – Big tech to handover misinformation data

Critics fear that actions against TikTok could set a precedent for other countries to justify their own internet censorship measures.

Russian blogger Aleksandr Gorbunov warned that Russia could use the U.S. decision to justify further restrictions on platforms like YouTube.

Similarly, Indian lawyer Mishi Choudhary expressed concerns that a U.S. ban on TikTok would embolden the Indian government to impose additional crackdowns on internet freedoms.

Moreover, the proposed legislation could complicate U.S. efforts to advocate for an internet governed by international organizations rather than individual countries.

China, in particular, has promoted a vision of internet sovereignty, advocating for greater national control over online content.

A TikTok ban could undermine America’s credibility in urging other countries to embrace a more open internet governed by global standards.

 

Continue Reading

Tech

BlackRock CEO Larry Fink says AI leads to higher wages

Published

on

Larry Fink, the CEO of BlackRock Inc., has outlined his vision for the impact of the firm’s investment in artificial intelligence.

During the company’s recent earnings call, Fink emphasized the connection between productivity gains driven by AI and the potential for rising wages among BlackRock’s workforce.

He explained the firm’s ambition to leverage AI technology to enhance efficiency, enabling employees to accomplish more with fewer resources.

Fink’s remarks underscore BlackRock’s strategic approach to harnessing AI as a tool for optimising operations and driving organisational growth.

Read more – Australia’s productivity gap widens

By leveraging AI-driven productivity enhancements, the company aims to empower its employees to deliver greater value, thereby paving the way for wage increases across the organisation.

The CEO’s statement reflects a broader trend in the intersection of technology and labor dynamics, where advancements in AI and automation have the potential to reshape workforce dynamics and compensation structures.

Fink’s optimism about the transformative impact of AI investment on employee wages highlights BlackRock’s commitment to embracing technological innovation as a catalyst for sustainable business growth and employee prosperity.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2024 The Ticker Company