It's September 4, 2022, and around 10,000 people are shouting "Beast, Beast, Beast" in a shopping mall in New Jersey: YouTuber MrBeast is on his way to launch his first burger restaurant, and the crowd is hysterical.
27.07.2023 - 19:09 / pcgamer.com / New / Will
Last week, we reported on a Roblox data breach that first happened in 2020, and was apparently shared in some nefarious places in 2021, but only became widely known about when the leak was posted again on July 18. There was a wealth of identifying information about individuals who attended the Roblox Developer's Conference in this hacked data, and some might find the length of time between the hack happening and Roblox Corporation acknowledging it pretty surprising.
Gaming companies are hardly alone in being targets for bad actors, with cybercrime now an omnipresent threat in every business sector. And no matter how good the defences get, we'll be reading about successful hacks on high-profile targets for the rest of our lives. The US Security and Exchanges Commission clearly thinks so and as reported by The Register has voted to adopt new requirements, first proposed in March 2022, that any public company suffering a computer crime that's likely to cause any kind of a «material» hit will now have a four-day time limit in which to disclose the incident. A material hit is basically anything investors should be concerned about.
Given that the vast majority of the big gaming companies in the US are publicly traded, this means the new rule (which comes into effect in 30 days) will apply to companies such as: Activision Blizzard, Electronic Arts, Microsoft, Nexon, Nintendo, Paradox Interactive, Riot Games, Roblox Corporation, Sony, and Take-Two Interactive. Nested within those are plenty of other famous studios like Blizzard, Bungie, Rockstar, and Zynga.
Any company that's suffered a cybersecurity incident that could have a material impact now has to determine whether it should be disclosed «without reasonable delay» and, if it should, immediately has to submit a Form 8-K report which now has a new cybersecurity section. This will see the company declare what it believes to be the «nature, scope, and timing» of the breach and what it thinks the impact on the business will be. These 8-K forms are made public by the SEC.
There are some exemptions that probably won't apply to gaming companies, such as risks to national security or public safety, and the disclosure rules come alongside a new reporting requirement, whereby public companies have to outline their processes for identifying and managing cyber-threats. Foreign companies doing business in the US will not be exempt and similar rules are being applied to their set of forms (6-K and 20-F, fact fans).
The focus here is on investors rather than the little people, but the outcome should be a public good. The exact definition of the word «material» is going to become pretty important, and there are of course a multitude of different possible cyber crimes
It's September 4, 2022, and around 10,000 people are shouting "Beast, Beast, Beast" in a shopping mall in New Jersey: YouTuber MrBeast is on his way to launch his first burger restaurant, and the crowd is hysterical.
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Today was a big day for businesses that are either working heavily with artificial intelligence or are looking to get into this space. Walt Disney has created a new task force that will study AI and find out all the different ways it can be used in its businesses in the entertainment industry. In other news. Spotify is finally expanding its experimental feature of an AI DJ to 50 different countries, after keeping it in limited access for almost three months. This and more in today's AI roundup. Let us take a closer look.
New Zealand has become the latest company to approve Microsoft‘s impending purchase of Activision Blizzard.
New Zealand has approved Microsoft’s merger-acquisition deal with Activision Blizzard King.
Since launching in full for PC last week after spending nearly three years in early access, Baldur’s Gate 3 has enjoyed widespread success on both critical and commercial fronts, almost to a level that many would not have imagined. Not only has it broken into Steam’s top 10 for all-time record peaks of concurrent players (currently with a peak of over 814,000 players, as per SteamDB), the hype and excitement surrounding Larian Studios’ RPG is also boosting its upcoming PS5 release.
By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge.