Cyber

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

What is Coinbase and why is it such a big deal that it's going public?

Now, Coinbase runs the US's largest cryptocurrency exchange and holds tens of billions of dollars' worth of bitcoins. When it went public on Wednesday, it was the first major cryptocurrency company to do so.

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Get insights on the latest news about emerging trends in cyberspace from Marietje Schaake, International Policy Director at Stanford University's Cyber Policy Center and former European Parliamentarian:

Today, we talk about the "T word", as I often refer to: taxation. But that taboo is finally broken in the United States.

How would a global minimum corporate tax rate, like the one Janet Yellen has called for, affect Big Tech?

Now, ideally, it would ensure a level playing field for all companies, and European leaders embrace the US change of course, but they did add that there should be ways to tax tech giants for their global profits. It's a demand that is widely shared in Europe. So the hope is that that can be arranged between all OECD members.

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Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Has cryptocurrency finally gone mainstream?

Well, it certainly looks like that because after some people had invested in bitcoins out of curiosity or the quiet hope to make a fortune, now the EU and the European Central Bank are considering a digital euro. And this week, Visa announced that it would accept crypto coins, too. So those developments may help facilitate trust in an area that is also known to be a safe haven for criminal money.

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Get insights on the latest news about emerging trends in cyberspace from Marietje Schaake, International Policy Director at Stanford University's Cyber Policy Center and former European Parliamentarian.

Have you seen the Tom Cruise deepfake and how dangerous is this technology?

Well, I did see the deepfake with Tom Cruise and it certainly looked more convincing than ones I'd previously seen with President Obama, Vladimir Putin, or Donald Trump. Clearly, this technology is growing more sophisticated and deepfakes more convincing. And it's dangerous when people cannot tell authentic, trustworthy messages from deceptive and manipulated ones. With AI generated text, we know that people cannot distinguish machine generated from human generated.

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Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

You may have heard that Jack Dorsey is selling his first tweet as an NFT in an auction, but what are NFTs?

Well, I had to do a little homework. NFT stands for "non-fungible tokens." They are unique digital files stored in a block chain and essentially a rare piece of data that becomes an asset. Also, because it can be authenticated. Now, actual ownership is one-off, unique, so unique that Christie's sold one of the highest paid pieces of art by a living artist ever as an NFT, for $69.3 million. And I guess just like with art on canvas, whether that was worth it is a matter of personal taste.

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Marietje Schaake, International Policy Director at Stanford University's Cyber Policy Center and former European Parliamentarian, shares insights on the latest news about big tech, privacy protection and emerging trends in cyberspace.

What is the deal with the recently revealed Microsoft hack?

Well, it's the second hack of historic proportions after SolarWinds. At first, it was considered a targeted Chinese effort to go after individuals critical to the state. But last week we saw escalations with victims now estimated in the tens, if not hundreds of thousands. And the US government CISA called on all organizations in all sectors to follow guidance and to patch the vulnerabilities that are being exploited, even if that does not stop already gained access by hackers.

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Marietje Schaake, International Policy Director at Stanford University's Cyber Policy Center and former European Parliamentarian, discusses recent developments on big tech, privacy protection and emerging trends in cyberspace.

What immediate impact has the SolarWinds hack had on private companies?

Now, I hope it's meant a shock into action. The SolarWinds hack should be a wake-up call to all companies selling software, because any kind of negligence to ensure the highest security standards will come back as a boomerang to individual companies, but also to the tech sector collectively. Digitalization has come to mean privatization, and connectivity means vulnerability. Add these up and you can see the trust has to be earned every day.

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