IT Insights

Facebook CEO Mark Zuckerberg has revealed AI initiatives that will power the Metaverse

Mark Zuckerberg unveils ambitious artificial-intelligence projects for Meta. Describes AI as 'key to unlocking the Metaverse' and plans to build a universal speech translator. Facebook has been investing in AI for 10 years and has one of the world's leading experts as its head of AI.

Biden signs an executive order on crypto regulation and proposes a stablecoin

Joe Biden has issued an executive order on cryptocurrency and digital goods. One of the proposals would see the creation of a Central Bank Digital Currency (CBDC) backed by the Federal Reserve. This is a so-called "stablecoin," which has been trialed by JP Morgan and Wells Fargo. Crypto regulation in the U.S. has suffered from a lack of centralization, an analyst says. A US-backed stablecoin could be beneficial for both consumers and businesses. The IRS treats digital assets as property to be taxed, while the SEC treats them like securities.

System Updates

The Project 360, a single and transparent workspace

The Project 360 dashboard brings together all aspects of a project into a single workspace and gives project managers visibility into all project-related information. New invoice presentation templates make it easy to customize project invoices to the specific needs of each client.

The cash 360 forecasts cash flow and improves cash management

Ensure there’s adequate cash on hand to meet company commitments and objectives. The Cash 360 dashboard provides views into your cash position and helps forecast near-term cash flow using NetSuite transactional data, as well as projected collections and disbursements.

New pack station helps optimize order fulfilment processes

New WMS features offer more efficient warehouse operations, including expanded tally scan capabilities and zone picking. New Pack Station capabilities to bulk pack and unpack "Ship As Is" items and easily review packing instructions help optimize order fulfillment processes.

Cybersecurity Announcements

Phishing scams have increased by 232% on LinkedIn

LinkedIn phishing assaults have surged by 232 percent since the beginning of February, according to a new analysis from cybersecurity firm Egress. Users are duped twice by the scams. To begin, they clicked on phishing links in Outlook 365, then entered their user credentials on phony websites. Scammers are also sending bogus emails with the same subject lines as ordinary LinkedIn email communications, such as "You appeared in four searches this week," to deceive victims into trusting them.

MFA fatigue attacks: Users tricked into allowing device access due to overload of push notifications

Malicious hackers have launched a fresh round of 'MFA fatigue attacks,' sending 2FA push warnings to Office 365 users in an attempt to trick them into validating their login attempts. "As app-based authentication techniques are widely being used as a safer means to verify a user (vs SMS or phone call), it is likely that this trend will continue in the future, maybe even being supported by Microsoft itself," GoSecure cautioned.

‘Zero-Click’ hacks are growing in popularity. There’s practically no way to stop them

A “zero-click” attack, which allows a hacker to break into a phone or computer even if its user doesn’t open a malicious link or attachment.  Hackers instead exploit a series of security flaws in operating systems — such as Apple Inc.’s iOS or Google’s Android — to breach a device without having to dupe their victim into taking any action.