U.S. targets Chinese hackers Volt Typhoon
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 30 January 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Show Notes
Quality stocks that would outperform in 2024 - UBS
U.S. consumer confidence advances in January, hitting two-year high
UPS slides after revenue outlooks disappoints
Episode transcripts seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:10.0 | Good afternoon. Today is Tuesday, January 30th, and I'm your host Kim Khan. Our top story so far. |
| 0:17.0 | The U.S. government has introduced an operation to combat a Chinese hacking operation, |
| 0:21.0 | which successfully compromised thousands of internet-connected devices. |
| 0:25.0 | That's according to a Reuters report citing security officials. |
| 0:28.4 | In recent months, the Justice Department and the FBI sought and received legal permission to remotely disable aspects of the Chinese |
| 0:34.9 | hacking campaign. |
| 0:36.5 | The Biden administration has been focused on hacking not only due to fears that countries |
| 0:40.5 | could try to disrupt the U. US election in November, but because of |
| 0:43.5 | ransomware attacks on companies last year. Volt Typhoon, the hacking outfit at the center of |
| 0:48.7 | the recent activity, has alarmed intelligence officials who say the group is part of a larger effort to compromise |
| 0:54.4 | Western critical infrastructure, including naval ports, internet service providers, and utilities. |
| 1:00.8 | Volt Typhoon's activities had surfaced in May 2023, but the group expanded the scope of their operations late last year and changed some of their techniques. |
| 1:09.0 | In other news of note, the first human to receive an implant from Neur link is recovering well according to Elon Musk, marking the latest milestone for the emerging brain computer interface industry. |
| 1:20.0 | BCIs are aimed at helping people with traumatic injuries like paralysis, but if all goes well, |
| 1:25.3 | Musk hopes to extend this to hearing and vision loss and eventually merge humans with artificial intelligence. |
| 1:31.2 | The implants use ultra-fine thread-like electrodes to detect and help |
| 1:34.9 | transmit neuron spikes or the electrical and chemical signals in |
| 1:38.5 | participants brains. The FDA gave Neural Link approval for clinical trials on humans in May 2023, |
| 1:45.0 | prompting the company to start recruiting candidates in September. |
| 1:48.0 | Some of NeurLink's activities have been criticized for their surgical work, |
| 1:52.0 | but the Inhuman clinical trial marks one step |
... |
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