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DarkSide hack reveals risk of ransomware cyberattacks

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 did the DarkSide incident targeting Colonial Pipeline reveal about ransomware and the vulnerability of critical infrastructure?

Well, basically everything you need to know. The type of impact debilitating infrastructure through a ransomware or other method of cyberattack has been warned about for years. The risk of exploitation of vulnerabilities in software with enormous ripple effects became very tangible with the attack on Colonial Pipelines. But remember that energy infrastructure in the US already enjoys the highest protections, and still the attackers managed to perpetrate.

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Apple vs Facebook, a clash of the tech titans; social media algorithms scrutiny

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:

How big of a blow is Apple's new privacy feature to companies like Facebook, who depend on tracking users?

The long-awaited update, including enhanced privacy features, actually empowers those users to decide not to be tracked. So that's great news for people who are sick of how the data trail they leave behind on the web is used. But it has to be said, that simple feature settings changed by Apple cannot solve the problem of misuse of data and microtargeting alone. Still, Apple's move was met with predictable outrage and anti-trust accusations from ad giant Facebook. I would anticipate more standard setting by companies in the absence of a federal data protection law in the United States. That's just to mention one vacuum that big tech thrives on.

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US joins in call to regulate Big Tech; EU proposes AI tech regulation

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:

This week we talk about one of my favorite topics, regulation. Laws are often framed as a barrier to innovation and not always recognized as a key enabler of freedoms and the protection of rights. But what's more is that regulation is a process, and one that can have tons of different outcomes. So, being in favor or against regulation doesn't mean anything. Except that those who oppose any changes are apparently benefiting from the status quo.

Is the world at a tipping point when it comes to regulating big tech?

And I would say absolutely. The outsized power of big tech is recognized more broadly because the harms are so blatantly clear. Harms to democracy, public health, but also to fairness in the economy are all related to the outsized power of unaccountable and under-regulated big tech. Now, what's significant is that this debate has finally hit home in the United States after it was already recognized as a problem in many other parts of the world.

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What is Coinbase, the first major cryptocurrency company to go public?

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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Will tech giants be taxed for worldwide profits with a global tax rate?

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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Cryptocurrency going mainstream but EU & US regulators face challenges

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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The dangers of deepfakes and the need for norms around trust

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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What are NFTs, and how do they fit into the crypto landscape?

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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