In the latest weekly update, Grant Schneider of Venable LLP joined three ISMG editors to discuss the future of U.S. federal cybersecurity and privacy legislation, AI integration and recent CISA developments - all set against a backdrop of political complexities.
Six years after it was founded, the UK Cyber Security Council is taking a multipronged approach to building professionalism in the industry. Board Chair Claudia Natanson discussed the council's journey, its role in shaping industry standards and efforts to foster diversity and narrow the skills gap.
Machines are gradually taking on activities of human customers such as research, negotiations and user reviews. The rise of the AI customers marks a shift from machines as passive tools to active participants in economic transactions, said Donald Scheibenreif, vice president and analyst at Gartner.
Cyberattacks hit multiple parts of the business - not just IT. For example, a spam attack on a Singapore bank affected both IT infrastructure and overall business operations, said Chee Lung Yuen, CISO at AIA Malaysia. That's why CISOs need to consider all potential risks, he said.
First-party fraud hits banks from many different places - credit card fraud claims, bust-out schemes, lending fraud and synthetic identity fraud. The diversity of scams poses major challenges in spotting fraudulent activity, said Frank McKenna, chief strategist and co-founder of Point Predictive.
First-party fraud is largely invisible. It requires financial institutions to overhaul their traditional fraud detection approaches. Unlike more commonly recognized forms of fraud, first-party fraud involves account holders acting deceitfully, which makes detection and prevention more complex.
AI has enormous potential for transforming and reimagining all aspects of healthcare but mitigating the risks requires a collaborative, comprehensive approach that prioritizes data security, regulatory compliance and ethical considerations, said Sunil Dadlani, CIO and CISO at Atlantic Health System.
In the latest weekly update, ISMG editors discussed the cyberattack that's sending shock waves through the U.S. healthcare sector, Palo Alto's strategic pivot and its far-reaching implications for the industry, and new developments in tech and journalism at Information Security Media Group.
Election campaigners Michael Blake and Cynthia Wallace discuss the need for accurate information and community involvement to protect electoral integrity and empower underrepresented voters. Strategies for countering misinformation range from sourcing internet posts to hosting barbershop meetings.
According to a new survey from ISC2, the nonprofit member organization that promotes cybersecurity education, 82% of cybersecurity professionals say AI will improve their job efficiency by helping them conduct analysis, automate tasks, perform monitoring, predict vulnerabilities and block threats.
About 20% of new companies created in the U.K. every day - or some 800 firms - are scams. These fake businesses are being created from an ocean of stolen high-quality data related to real people, making it hard to spot the fraudsters, said Graham Barrow, director of "The Dark Money Files" podcast.
In the latest weekly update, ISMG editors discussed the convergence of the NOC and SOC functions, Scottish Police efforts to address the escalating challenge of cybercrime in Scotland, and why OpenAI is pushing to dismiss certain aspects of The New York Times lawsuit.
In his first week in his new role as interim CEO of SSH Communications Security, Rami Raulas shares insights on the company’s strategic focus on zero trust, operational technology security, and quantum-safe cryptography to address evolving cybersecurity challenges.
The surge in authorized push payment fraud in APAC underscores the urgent need for enhanced cooperation between banks and telecommunications companies. Both players should tap into AI and ML technologies for better fraud detection and real-time authentication, said Mel Migriño of Gogolook.
The U.S. presidential election is still eight months away, but the FBI is already seeing its share of cyberattacks, nation-state threats and AI-generated deepfakes. According to FBI Agent Robert K. Tripp, "We're no longer considering threats as a what-if situation; it's happening now."
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