This month’s roundup of news from the technology sector includes airliners vulnerable to hacks; Airbnb’s turnaround and more.
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Airlines vulnerable to hackers
The U.S. Government Accountability Office has issued a report noting the Federal Aviation Administration hasn’t taken necessary steps to curb cyber risks, like security training and system testing, Bloomberg reports.
“Until FAA strengthens its oversight program, based on assessed risks, it may not be able to ensure it is providing sufficient oversight to guard against evolving cybersecurity risks facing avionics systems in commercial airplane,” the GAO report said.
The rise of ransomware
The New York Times reports there have been some high-profile instances of ransomware recently, including some targeting vaccine researchers, hospitals and schools. The report notes many of the attacks originate from “organized criminals who are motivated by financial gain and are often based in Russia or elsewhere in Eastern Europe.”
The newspaper reports such attacks aren’t likely to go away until people stop paying the associated ransom, but that seems unlikely.
“More organizations have bought insurance against cyberattacks, though that has been a double-edged sword. Insurance can help organizations, but it also guarantees a payout to criminals,” The Times reports. “And recently during the coronavirus pandemic, organizations are more vulnerable to ransomware because they are more dependent on digital systems, and computer security personnel working remotely may be less speedy or effective than usual.”
Airbnb leaders claim turnaround en route to IPO
Airbnb CEO Brian Chesky told The Wall Street Journal his organization distilled “10 years’ worth of decisions” into 10 weeks, amid the pandemic-fueled downturn, and the changes seemingly have pushed the company into the black as they plan to go public.
An initial public offering is expected “in late November or December at a valuation of $30 billion or more,” the news outlet reports.
Compiled by Sean McCracken.