The Download: Banking Security Breaches and Carbon Removal Market Shifts
This edition of MIT Technology Review's newsletter highlights critical developments in cybersecurity and environmental technology. Cybercriminals are increasingly bypassing bank security measures, specifically Know Your Customer (KYC) facial recognition systems, using illicit tools sold on Telegram. Investigations revealed that scammers in money-laundering centers, such as one in Cambodia, utilize static images to defeat liveness checks, gaining unauthorized access to banking apps. In the environmental sector, the carbon removal industry faces uncertainty after Microsoft, which accounts for approximately 80% of contracted carbon removal purchases, paused its buying activities. This decision has sparked concern regarding the market's future and the reliance on Big Tech funding. Additionally, the newsletter covers new scientific efforts to quantify human-nature relationships through metrics developed by a UN team. Brief mentions include reports of Ukrainian forces using autonomous robots to capture positions and advancements in brain-computer interfaces allowing monkeys to navigate virtual environments via thought alone.
Wire timeline
The Download: Banking Security Breaches and Carbon Removal Market Shifts
This edition of MIT Technology Review's newsletter highlights critical developments in cybersecurity and environmental technology. Cybercriminals are increasingly bypassing bank security measures, specifically Know Your Customer (KYC) facial recognition systems, using illicit tools sold on Telegram. Investigations revealed that scammers in money-laundering centers, such as one in Cambodia, utilize static images to defeat liveness checks, gaining unauthorized access to banking apps. In the environmental sector, the carbon removal industry faces uncertainty after Microsoft, which accounts for approximately 80% of contracted carbon removal purchases, paused its buying activities. This decision has sparked concern regarding the market's future and the reliance on Big Tech funding. Additionally, the newsletter covers new scientific efforts to quantify human-nature relationships through metrics developed by a UN team. Brief mentions include reports of Ukrainian forces using autonomous robots to capture positions and advancements in brain-computer interfaces allowing monkeys to navigate virtual environments via thought alone.
MIT Technology Review