FedEx’s Secretive Police Force Is Helping Cops Build An AI Car Surveillance Network

Twenty years ago, FedEx established its own police force. Now it’s working with local police to build out an AI car surveillance network. From a report: Forbes has learned the shipping and business services company is using AI tools made by Flock Safety, a $4 billion car surveillance startup, to monitor its distribution and cargo facilities across the United States. As part of the deal, FedEx is providing its Flock video surveillance feeds to law enforcement, an arrangement that Flock has with at least five multi-billion dollar private companies. But publicly available documents reveal that some local police departments are also sharing their Flock feeds with FedEx — a rare instance of a private company availing itself of a police surveillance apparatus.

To civil rights activists, such close collaboration has the potential to dramatically expand Flock’s car surveillance network, which already spans 4,000 cities across over 40 states and some 40,000 cameras that track vehicles by license plate, make, model, color and other identifying characteristics, like dents or bumper stickers. Lisa Femia, staff attorney at the Electronic Frontier Foundation, said because private entities aren’t subject to the same transparency laws as police, this sort of arrangement could “[leave] the public in the dark, while at the same time expanding a sort of mass surveillance network.”

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Plan for New Accounting Rules on Software Costs Moves Forward

U.S. companies may need to report cash amounts tied to their software expenditures, more of which would be moved off corporate balance sheets under a forthcoming proposal to update decades-old accounting rules. From a report: The Financial Accounting Standards Board voted Tuesday, 7-0, to propose requiring companies to report cash amounts tied to their software costs and help them determine when to expense or capitalize costs. The proposal is a scaled-back version of rule-making around these expenses. The standard setter wants to require U.S. public and private companies to provide a line item in their cash-flow statement to account for cash spending on software. Rules around software costs have gone largely unchanged since the 1980s and 1990s.

The proposal would cover use of software ranging from enterprise resource planning systems to hosting services and mobile banking applications, meaning it applies to almost every company. It would exclude development of software licensed to customers. Under the plan, companies would no longer have to evaluate the stage of their software project to determine whether to expense the costs on the income statement or to capitalize, or delay fully recognizing them, on the balance sheet. Companies are now required to expense their software costs as incurred on the income statement during the initial planning and post-implementation stages. When building the programs or applications, companies have to capitalize eligible costs. These current requirements involve significant judgment for companies, creating higher compliance costs. Instead, companies would only have to determine when to begin capitalizing software costs based on executives’ signoff for a project and the likelihood that the project will be completed and the software will carry out its intended use.

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AMD Is Investigating Claims That Company Data Was Stolen In Hack

AMD said on Tuesday it was looking into claims that company data was stolen in a hack by a cybercriminal organization called “Intelbroker”. “The alleged intrusion, which took place in June 2024, reportedly resulted in the theft of a significant amount of sensitive information, spanning across various categories,” reports Hackread. From the report: In a recent post on Breach Forums, IntelBroker detailed the extent of the compromised data. The hacker claims to have accessed information related to the following records: ROMs, Firmware, Source code, Property files, Employee databases, Customer databases, Financial information, Future AMD product plans, and Technical specification sheets. The hacker is selling the data exclusively for XMR (Monero) cryptocurrency, accepting a middleman for transactions. He advises interested buyers to message him with their offers.

The reputation of IntelBroker in the cybersecurity community is one of significant concern, given the scale and sensitivity of the targeted entities in previous hacks. The hacker’s past exploits include breaches of: Europol, Tech in Asia, Space-Eyes, Home Depot, Facebook Marketplace, U.S. contractor Acuity Inc., Staffing giant Robert Half, Los Angeles International Airport, and Alleged breaches of HSBC and Barclays Bank. Although the hacker’s origins and affiliates are unknown, according to the United States government, IntelBroker is alleged to be the perpetrator behind one of the T-Mobile data breaches.

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