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Chris Krebs
@C_C_Krebs
Partner, . Fellow. Advisor. Scholar. 1st Director . Fired by tweet. Sanctioned by RU.
ks.groupJoined August 2011

Chris Krebs’s Tweets

Here’s how I used AI to clone a 60 Minutes correspondent’s voice to trick a colleague into handing over her passport number. I cloned Sharyn’s voice then manipulated the caller ID to show Sharyn’s name with a spoofing tool. The hack took 5 minutes total for me to steal the info.
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60 Minutes hired an ethical hacker to show how easy it is to be scammed. She conned our unsuspecting colleague using artificial intelligence. cbsn.ws/3MOhmia
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Another notable line, consistent with PE leaders I’ve talked to lately. The sense is the party’s over and any M&A with Chinese review/approval on hold for the foreseeable future.
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As opposed to: “By comparison, past regulatory actions against foreign companies in China have been mainly conducted by market regulators over issues involving pricing and competition.”
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This jumps right off the page: “The Micron review is the first investigation into foreign firms that was carried out by the cyberspace watchdog, which reports to a leadership group headed by President Xi Jinping.” As I was saying….
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Concentration of power in Xi allies, “securocrats,” shows a shift in priorities. Courting foreign investment and build out now subordinated to internal control and boosting national champions (even if they’re not ready for prime time).
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Another solid piece from on today’s CCP announcement of an enforcement action against Micron.
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The Micron review was the first investigation into foreign cos carried out by Beijing's cybersecurity watchdog. It's a speedy one--less than 2 months after it's announced. The Micron ban applies to major Chinese cos, but impact could be broader. wsj.com/articles/beiji via @WSJ
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The Micron review was the first investigation into foreign cos carried out by Beijing's cybersecurity watchdog. It's a speedy one--less than 2 months after it's announced. The Micron ban applies to major Chinese cos, but impact could be broader. wsj.com/articles/beiji via
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(5) Do some organizational soul searching, maybe put yourself back in the Feb/Mar ‘22 timeframe, presumably when you exited Russia? Ask yourself what your redlines are and what’s your de-risk strategy? No time like the present… /END
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(4) consider insider trust challenges introduced over years of acquiescence to the CCP to reduce friction and gain market access - here’s the key question: would you fire the local party rep at your factory? If no, then you have a problem,
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Every org with ops in China should be (1) gaming out how an office raid would impact operations there and globally; (2) accelerate “China For China” network segmentation efforts; (3) diversify supply chains (“China Plus”) to de-risk/reduce organizational dependence on CN,
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And while we play the “will they or won’t they” game wrt a Chinese military invasion of Taiwan, a whole range of badness can happen short of amphibious vehicles launching. What we’re seeing right now is just an taste. They’re using all tools of the state to achieve goals.
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Ability of foreign orgs to understand what’s going on “on the ground” is only going to get worse. From here you’re going to go blind. From over there you’re going to jail.
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Concentration of power in Xi allies, “securocrats,” shows a shift in priorities. Courting foreign investment and build out now subordinated to internal control and boosting national champions (even if they’re not ready for prime time).
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No question there’s an acceleration of hostile action against foreign companies. A combination of new laws/regs and actual enforcement (evidenced by Bain/Capvision/Mintz raids) laying the groundwork for more of the same. Question for companies building out in China: You ready?
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Timely piece here by on internal clampdown by Chinese security services on foreign businesses and cascading effects on capital flows. A few thoughts (w/ a h/t to China expert for shaping the 🧵).
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Foreign firms in China have been warned before. In 2020, Beijing's market regulator launched probes into western consulting firms. But Xi didn’t think that effort went far enough. This time around, he put his state-security czar in charge 🧵 wsj.com/articles/china via @WSJ
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Foreign firms in China have been warned before. In 2020, Beijing's market regulator launched probes into western consulting firms. But Xi didn’t think that effort went far enough. This time around, he put his state-security czar in charge 🧵 wsj.com/articles/china via
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I talked to Kentucky's secretary of state this am, who beat election deniers yesterday in GOP primary. He said: “I’ve seen my colleagues in the same job in other states try to feed the tiger... & all it does is just validate the conspiracy theories. You can't cave." (More soon)
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Russia claims that Ukraine tried to hit the Kremlin with UAVs overnight but they were shot down
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⚡️Сегодня ночью киевским режимом была совершена попытка удара беспилотными летательными аппаратами по Кремлю. БПЛА были выведены из строя, президент в результате попытки теракта не пострадал.
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"#China is increasingly barring people from leaving the country, including foreign execs, a jarring message as Beijing says the country is open for business after 3yrs of tight restrictions...Scores of Chinese & foreigners have been ensnared by exit bans"
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Well here we are. It’s Sunday night. I look forward to this all week as it’s almost time for Succession. And then the moment it ends the great realization that tomorrow is Monday. Damnit. A real conundrum
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