Top Tech Stories for August 2024

Tech stories August 2024

As summer winds down, here are some of the stories we’ve been following from the world of AI, cybersecurity, and technology:

  1. Southwestern Ontario hospital cyberattack cost organizations at least $7.5M: The high cost of a ransomware attack from last year that targeted 5 Ontario hospitals is becoming clear.
  2. AI in Financial Services: CIBC and CaixaBank are leveraging AI to enhance customer experiences and streamline operations.
  3. Phishing Scam Targets Google Users: A sophisticated phishing operation disguised as a Google Authenticator app was uncovered, aiming to steal user credentials.
  4. Microsoft Patches Critical Bug: Microsoft addressed a critical security vulnerability in Copilot Studio that could have exposed private data.
  5. Rite Aid Data Breach: US Pharmacy Rite Aid faces a class action lawsuit over a data breach that impacted 2.2 million customers. 
  6. AI and Job Displacement: The rise of AI is leading to significant job displacement across various industries, prompting discussions on workforce retraining.
  7. OpenAI searches for an answer to its copyright problems: A look at the deals OpenAI is making with major publishers for access to archived content.
  8. Thought-to-text chip smaller than Neuralink achieves 91% accuracy: A new chip that may represent a leap forward in brain-to-machine interfaces has come out of a Swiss technology institute.
  9. Boston Dynamics’ new electric Atlas can do push-ups: The latest robot out of Boston Dynamics shows off it’s actuators in a new video of it performing calisthenics—real-world applications TBD.

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