Data room

Data room

Data rooms are secure spaces used for housing data, usually of a privileged or confidential nature. They can be physical data rooms, virtual data rooms (VDRs), or data centers. They are primarily used for a variety of corporate purposes, including data storage, document exchange, file sharing, financial transactions, and legal proceedings. Today, data rooms are central to workflows in mergers and acquisitions, venture capital, and corporate restructuring, increasingly utilizing artificial intelligence to securely manage and review large datasets. Historically, data rooms were strictly physical locations heavily guarded and monitored. Today, the vast majority of corporate data rooms are hosted virtually on secure cloud platforms, though physical rooms are still occasionally used for highly sensitive government or proprietary intelligence. == Physical Data Rooms == In mergers and acquisitions (M&A), the traditional data room genuinely consists of a physically secured and continually monitored room, normally in the vendor's offices or those of their legal counsel. Bidders and their advisers visit this room in order to inspect and report on various documents, legal contracts, and financial statements made available during the due diligence process. Historically, physical data rooms presented significant logistical challenges. Often, only one bidder at a time was allowed to enter to maintain document integrity and confidentiality. If new documents or new versions of documents were required, they had to be brought in by courier as hardcopies. Teams involved in large due diligence processes typically had to be flown in from many regions or countries and remain available throughout the process. Because these teams comprised a number of experts in different fields—such as legal counsel, forensic accountants, and industry specialists—the overall cost of keeping such groups on call near the physical data room was often extremely high. == Virtual Data Rooms (VDRs) == To address the costs and logistical bottlenecks of physical data rooms, virtual data rooms (VDRs) were developed to provide secure, online dissemination of confidential information. A VDR is essentially a secure cloud repository with strictly controlled access. Access is managed through secure log-ons supplied by the vendor or authority, which can be disabled at any time if a bidder withdraws from a transaction. Because much of the information released during corporate transactions is highly confidential, VDRs utilize digital rights management (DRM) to control information. Restrictions are applied to the viewers' ability to release data to third parties by disabling forwarding, copying, or printing capabilities. Modern VDRs also employ dynamic watermarking and detailed auditing capabilities. Detailed auditing is required for legal reasons so that a precise digital footprint is kept of who has viewed which version of each document, and for how long. Furthermore, modern VDR platforms are typically built to comply with stringent information security standards such as ISO 27001 and SOC 2. Transitioning from sequential physical data rooms to parallel virtual data rooms has been shown to significantly reduce the duration of M&A transactions while allowing sellers to field multiple bidders simultaneously. == Key Applications == Data rooms are commonly used by legal, accounting, investment banking, and private equity firms. Primary applications include: Mergers and Acquisitions (M&A): VDRs are central to the sell-side M&A process. After potential buyers sign a Non-Disclosure Agreement (NDA) and review a Confidential Information Memorandum (CIM), they are granted data room access to perform deep financial due diligence, such as Quality of Earnings (QoE) analysis and legal liability assessments. Venture Capital and Startups: Startups use data rooms as a centralized location for key operational data, capitalization tables, and financial projections to streamline due diligence for angel investors and venture capital firms during fundraising rounds. Initial Public Offerings (IPOs): Taking a company public requires intense regulatory scrutiny. Data rooms are used to securely share company histories and financial audits with investment bankers, legal teams, and regulatory bodies. Corporate Restructuring and Insolvency: During bankruptcies or corporate carve-outs, data rooms are used to organize outstanding debt profiles, creditor agreements, and operational liabilities. == Emerging Technologies == In recent years, the management of virtual data rooms has increasingly incorporated Artificial Intelligence (AI) and Machine Learning (ML). Generative AI and Natural Language Processing (NLP) tools are now integrated into VDRs to automatically index thousands of documents, perform auto-redaction of personally identifiable information (PII), and assist buy-side analysts in identifying hidden liabilities within unstructured text data during the due diligence phase. Modern AI algorithms can extract line items from financial statements to instantly populate structured databases.

Fake nude photography

Fake nude photography is the creation of nude photographs designed to appear as genuine nudes of an individual. The motivations for the creation of these modified photographs include curiosity, sexual gratification, the stigmatization or embarrassment of the subject, and commercial gain, such as through the sale of the photographs via pornographic websites. Fakes can be created using image editing software or through machine learning. Fake images created using the latter method are called deepfakes. == History == Magazines such as Celebrity Skin published non-fake paparazzi shots and illicitly obtained nude photos, showing there was a market for such images. Subsequently, some websites hosted fake nude or pornographic photos of celebrities, which are sometimes referred to as celebrity fakes. In the 1990s and 2000s, fake nude images of celebrities proliferated on Usenet and on websites, leading to campaigns to take legal action against the creators of the images and websites dedicated to determining the veracity of nude photos. "Deepfakes", which use artificial neural networks to superimpose one person's face into an image or video of someone else, were popularized in the late 2010s, leading to concerns about the technology's use in fake news and revenge porn. Fake nude photography is sometimes confused with Deepfake pornography, but the two are distinct. Fake nude photography typically starts with human-made non-sexual images, and merely makes it appear that the people in them are nude (but not having sex). Deepfake pornography typically starts with human-made sexual (pornographic) images or videos, and alters the actors' facial features to make the participants in the sexual act look like someone else. === DeepNude === In June 2019, a downloadable Windows and Linux application called DeepNude was released which used a Generative Adversarial Network to remove clothing from images of women. The images it produced were typically not pornographic, merely nude. Because there were more images of nude women than men available to its creator, the images it produced were all female, even when the original was male. The app had both a paid and unpaid version. A few days later, on June 27, the creators removed the application and refunded consumers, although various copies of the app, both free and for charge, continue to exist. On GitHub, the open-source version of this program called "open-deepnude" was deleted. The open-source version had the advantage of allowing it to be trained on a larger dataset of nude images to increase the resulting nude image's accuracy level. A successor free software application, Dreamtime, was later released, and some copies of it remain available, though some have been suppressed. === Deepfake Telegram Bot === In July 2019 a deepfake bot service was launched on messaging app Telegram that used AI technology to create nude images of women. The service was free and enabled users to submit photos and receive manipulated nude images within minutes. The service was connected to seven Telegram channels, including the main channel that hosts the bot, technical support, and image sharing channels. While the total number of users was unknown, the main channel had over 45,000 members. As of July 2020, it is estimated that approximately 24,000 manipulated images had been shared across the image sharing channels. === Nudify websites === By late 2024, most ways to produce nude images from photographs of clothed people were accessible at websites rather than in apps, and required payment. == Purposes == The reasons for the creation of nude photos may range from a need to discredit the target publicly, personal hatred for the target, or the promise of pecuniary gains for such work on the part of the creator of such photos. Fake nude photos often target prominent figures such as businesspeople or politicians. == Notable cases == In 2010, 97 people were arrested in Korea after spreading fake nude pictures of the group Girls' Generation on the internet. In 2011, a 53-year-old Incheon man was arrested after spreading more fake pictures of the same group. In 2012, South Korean police identified 157 Korean artists of whom fake nudes were circulating. In 2012, when Liu Yifei's fake nude photography released on the network, Liu Yifei Red Star Land Company declared a legal search to find out who created and released the photos. In the same year, Chinese actor Huang Xiaoming released nude photos that sparked public controversy, but they were ultimately proven to be real pictures. In 2014, supermodel Kate Upton threatened to sue a website for posting her fake nude photos. Previously, in 2011, this page was threatened by Taylor Swift. In November 2014, singer Rain was angry because of a fake nude photo that spread throughout the internet. Information reveals that: "Rain's nude photo was released from Kim Tae-hee's lost phone." Rain's label, Cube Entertainment, stated that the person in the nude photo is not Rain and the company has since stated that it will take strict legal action against those who post photos together with false comments. In July 2018, Seoul police launched an investigation after a fake nude photo of President Moon Jae-in was posted on the website of the Korean radical feminist group WOMAD. In early 2019, Alexandria Ocasio-Cortez, a Democratic politician, was berated by other political parties over a fake nude photo of her in the bathroom. The picture created a huge wave of media controversy in the United States. == Methods == Fake nude images can be created using image editing software or neural network applications. There are two basic methods: Combine and superimpose existing images onto source images, adding the face of the subject onto a nude model. Remove clothes from the source image to make it look like a nude photo. == Impact == Images of this type may have a negative psychological impact on the victims and may be used for extortion purposes.

Chunked transfer encoding

Chunked transfer encoding is a streaming data transfer mechanism available in Hypertext Transfer Protocol (HTTP) version 1.1, defined in RFC 9112 §7.1. In chunked transfer encoding, the data stream is divided into a series of non-overlapping "chunks". The chunks are sent out and received independently of one another. At any given time, no knowledge of the data stream outside the currently-being-processed chunk is necessary for either the sender or the receiver. Each chunk is preceded by its size in bytes and transmission ends when a zero-length chunk is received. The chunked keyword in the Transfer-Encoding header is used to indicate chunked transfer. Chunked transfer encoding is not supported in HTTP/2, which provides its own mechanisms for data streaming. == Rationale == The introduction of chunked encoding provided various benefits: Chunked transfer encoding allows a server to maintain an HTTP persistent connection for dynamically generated content. In this case, the HTTP Content-Length header cannot be used to delimit the content and the next HTTP request/response, as the content size is not yet known. Chunked encoding has the benefit that it is not necessary to generate the full content before writing the header, as it allows streaming of content as chunks and explicitly signaling the end of the content, making the connection available for the next HTTP request/response. Chunked encoding allows the sender to send additional header fields after the message body. This is important in cases where values of a field cannot be known until the content has been produced, such as when the content of the message must be digitally signed. Without chunked encoding, the sender would have to buffer the content until it was complete in order to calculate a field value and send it before the content. == Applicability == For version 1.1 of the HTTP protocol, the chunked transfer mechanism is considered to be always and anyway acceptable, even if not listed in the Transfer-Encoding (TE) request header field, and when used with other transfer mechanisms, should always be applied last to the transferred data and never more than one time. This transfer encoding method also allows additional entity header fields to be sent after the last chunk if the client specified the "trailers" parameter as an argument of the TE request field. The origin server of the response can also decide to send additional entity trailers even if the client did not specify the "trailers" parameter, but only if the metadata is optional (i.e. the client can use the received entity without them). Whenever the trailers are used, the server should list their names in the Trailer header field; three header field types are specifically prohibited from appearing as a trailer field: Content-Length, Trailer, and Transfer-Encoding. == Format == If a Transfer-Encoding field with a value of "chunked" is specified in an HTTP message (either a request sent by a client or the response from the server), the body of the message consists of one or more chunks and one terminating chunk with an optional trailer before the final ␍␊ sequence (i.e. carriage return followed by line feed). Each chunk starts with the number of octets of the data it embeds expressed as a hexadecimal number in ASCII followed by optional parameters (chunk extension) and a terminating ␍␊ sequence, followed by the chunk data. The chunk is terminated by ␍␊. If chunk extensions are provided, the chunk size is terminated by a semicolon and followed by the parameters, each also delimited by semicolons. Each parameter is encoded as an extension name followed by an optional equal sign and value. These parameters could be used for a running message digest or digital signature, or to indicate an estimated transfer progress, for instance. The terminating chunk is a special chunk of zero length. It may contain a trailer, which consists of a (possibly empty) sequence of entity header fields. Normally, such header fields would be sent in the message's header; however, it may be more efficient to determine them after processing the entire message entity. In that case, it is useful to send those headers in the trailer. Header fields that regulate the use of trailers are Transfer-Encoding with the "trailers" parameter (used in requests) and Trailer (used in responses). == Use with compression == HTTP servers often use compression to optimize transmission, for example with Content-Encoding: gzip or Content-Encoding: deflate. If both compression and chunked encoding are enabled, then the content stream is first compressed, then chunked; so the chunk encoding itself is not compressed, and the data in each chunk is compressed holistically (i.e. based on the whole content). The remote endpoint then decodes the stream by concatenating the chunks and uncompressing the result. == Example == === Encoded data === The following example contains three chunks of size 4, 7, and 11 (hexadecimal "B") octets of data. 4␍␊Wiki␍␊7␍␊pedia i␍␊B␍␊n ␍␊chunks.␍␊0␍␊␍␊ Below is an annotated version of the encoded data. 4␍␊ (chunk size is four octets) Wiki (four octets of data) ␍␊ (end of chunk) 7␍␊ (chunk size is seven octets) pedia i (seven octets of data) ␍␊ (end of chunk) B␍␊ (chunk size is eleven octets) n ␍␊chunks. (eleven octets of data) ␍␊ (end of chunk) 0␍␊ (chunk size is zero octets, no more chunks) ␍␊ (end of final chunk with zero data octets) Note: Each chunk's size excludes the two ␍␊ bytes that terminate the data of each chunk. === Decoded data === Decoding the above example produces the following octets: Wikipedia in ␍␊chunks. The bytes above are typically displayed as Wikipedia in chunks.

Cypherpunks (book)

Cypherpunks: Freedom and the Future of the Internet is a 2012 book by Julian Assange, in discussion with Internet activists and cypherpunks Jacob Appelbaum, Andy Müller-Maguhn and Jérémie Zimmermann. Its primary topic is society's relationship with information security. In the book, the authors warn that the Internet has become a tool of the police state, and that the world is inadvertently heading toward a form of totalitarianism. They promote the use of cryptography to protect against state surveillance. In the introduction, Assange says that the book is "not a manifesto [...] [but] a warning". He told Guardian journalist Decca Aitkenhead: A well-defined mathematical algorithm can encrypt something quickly, but to decrypt it would take billions of years – or trillions of dollars' worth of electricity to drive the computer. So cryptography is the essential building block of independence for organisations on the Internet, just like armies are the essential building blocks of states, because otherwise one state just takes over another. There is no other way for our intellectual life to gain proper independence from the security guards of the world, the people who control physical reality. Assange later wrote in The Guardian: "Strong cryptography is a vital tool in fighting state oppression." saying that was the message of his book, Cypherpunks. Cypherpunks is published by OR Books. It is primarily a transcript of World Tomorrow episode eight, a two-part interview between Assange, Jacob Appelbaum, Andy Müller-Maguhn, and Jérémie Zimmermann. In the foreword, Assange said, "the Internet, our greatest tool for emancipation, has been transformed into the most dangerous facilitator of totalitarianism we have ever seen".

Squeaky Dolphin

Squeaky Dolphin is a program developed by the Government Communications Headquarters (GCHQ), a British intelligence and security organization, to collect and analyze data from social media networks. The program was first revealed to the general public on NBC on 27 January 2014 based on documents previously leaked by Edward Snowden. == Scope of surveillance == According to a document of the GCHQ dated August 2012, the program enables broad, real-time surveillance of the following items: YouTube video views The Like button on Facebook. Facebook has since then encrypted the data. Blogspot/Blogger visits Twitter, which has however encrypted its communications since this presentation was made The program can be supplemented with commercially available analytic software to determine which videos are popular among residents of specific cities. The dashboard software chosen was made by Splunk. The presentation, which was originally shown to an NSA audience and was made public by the NBC, contains a note saying the program was "Not interested in individuals just broad trends!". However, "according to other Snowden documents" obtained by NBC, in 2010, "GCHQ exploited unencrypted data from Twitter to identify specific users around the world and target them with propaganda."

Perceptual robotics

Perceptual robotics is an interdisciplinary science linking Robotics and Neuroscience. It investigates biologically motivated robot control strategies, concentrating on perceptual rather than cognitive processes and thereby sides with J. J. Gibson's view against the Poverty of the stimulus theory. As a working definition, the following quote from Chapter 64 by H. Bülthoff, C. Wallraven and M. Giese from The Springer Handbook of Robotics, edited by Bruno Siciliano and Oussama Khatib, published by Springer in 2007, could be used: In the following we will apply the term Perceptual Robotics to signify the design of robots based on principles that are derived from human perception on all three levels in the sense of Marr. This includes a realization in terms of specific neural circuits as well as the transfer of more abstract biologically-inspired strategies for the solution of relevant computational problems.

Data exchange

Data exchange is the process of moving data from one information system to another. It often involves transforming data that is native to the source system into a form that is consumable by the target system or to a standardized form that is consumable by any compatible system. In particular, data exchange allows data to be shared between computer programs. Data exchange is similar to data integration except that data may be restructured with possible loss of content. There may be no way to transform a particular collection based on exchange constraints. Conversely, there may be multiple ways to transform the data, in which case one option must be identified in order to achieve compatibility between source and target. There are two main types of data exchange: broadcast and peer-to-peer (a.k.a. unicast). For broadcast, data is transmitted simultaneously to all consumers. Just as a conference call, all participants get the same information from the speaker at the same time. For peer-to-peer, data is sent to a single receiver, defined by a specific address. For example, a letter goes to just one mail box. == Single-domain == In some domains, a multiple source and target schema (proprietary data formats) may exist. An exchange or interchange format is often developed for a single domain, and then necessary routines (mappings) are written to (indirectly) transform/translate each and every source schema to each and every target schema by using the interchange format as an intermediate step. That requires less work than writing and debugging the many routines that would be required to directly translate each source schema directly to each target schema. Examples of these transformative interchange formats include: Standard Interchange Format for geospatial data; Data Interchange Format for spreadsheet data; Open Document Format for spreadsheets, charts, presentations and word processing documents; GPS eXchange Format or Keyhole Markup Language for describing GPS data; GDSII for integrated circuit layout. == Representation == A data exchange (a.k.a. interchange) language defines a domain-independent way to represent data. These languages have evolved from being markup and display-oriented to support the encoding of metadata that describes the structural attributes of the information. Practice has shown that certain types of formal languages are better suited for this task than others, since their specification is driven by a formal process instead of particular software implementation. For example, XML is a markup language that was designed to enable the creation of dialects (the definition of domain-specific sublanguages). However, it does not contain domain-specific dictionaries or fact types. Beneficial to a reliable data exchange is the availability of standard dictionaries-taxonomies and tools libraries such as parsers, schema validators, and transformation tools. === XML === The popularity of XML for data exchange on the World Wide Web has several reasons. First of all, it is closely related to the preexisting standards Standard Generalized Markup Language (SGML) and Hypertext Markup Language (HTML), and as such a parser written to support these two languages can be easily extended to support XML as well. For example, XHTML has been defined as a format that is formal XML, but understood correctly by most (if not all) HTML parsers. === YAML === YAML was designed to be human-readable and authored via a text editor with notion similar to reStructuredText and wiki syntax. YAML 1.2 also includes a shorthand notion that is compatible with JSON, and as such any JSON document is also valid YAML; this however does not hold the other way. === REBOL === REBOL was designed to be human-readable and authored via a text editor. It uses a simple free-form syntax with minimal punctuation and a rich set of data types (such as URL, email, date and time, tuple, string, tag) that respect common standards. It is designed to not need any additional meta-language, being designed in a metacircular fashion which is why the parse dialect used for definitions and transformations of REBOL dialects is also itself a dialect of REBOL. REBOL was used as a source of inspiration for JSON. === Gellish === Gellish English is a formalized subset of natural English (language), which includes a simple grammar and a large, extensible dictionary (taxonomy) that defines the general and domain specific terminology, whereas the concepts are arranged in a hierarchy, which supports inheritance of knowledge and requirements. The dictionary also includes standardized fact types. The terms and relation types together can be used to create and interpret expressions of facts, knowledge, requirements and other information. Gellish can be used in combination with SQL, RDF/XML, OWL and various other meta-languages. The Gellish standard is a combination of ISO 10303-221 (AP221) and ISO 15926. === List === The following describes and compares popular data exchange languages. Columns Schemas – Whether supports representing domain specific data structure definition Flexible – Whether supports extension of the semantic expression capabilities without modifying the schema Semantic verification – Whether supports semantic verification of the correctness of expressions in the language Dictionary – Whether includes a dictionary and a taxonomy (hierarchy) of concepts with inheritance Information model – Whether supports an information model Synonyms and homonyms – Whether supports the use of synonyms and homonyms in expressions Dialecting – Whether is available in multiple natural languages or dialects Web standard – Whether is standardized by a recognized body Transformations – Whether includes a translation to other standards Lightweight – Whether a lightweight version is available Human readable – Whether expressions are understandable without training Compatibility – Which other tools can be used or are required