The escalating adoption of generative AI has introduced concerns regarding data privacy, fake data and bias amplification. Ashley Casovan, managing director of the IAPP AI Governance Center, discusses the need to develop governance models and standardize AI systems.
Greater diplomacy and faster vulnerability identification and remediation, backed by more bug bounty programs, are needed to combat the ongoing rise of advanced surveillance tools now being offered by at least 40 commercial spyware vendors, said Google's Threat Analysis Group.
In times of conflict, such as the Israel-Hamas war, intelligence becomes even more important than it is in peacetime. Red Curry, chief marketing officer at Tautuk, and his brother, Sam Curry, CISO at Zscaler, discuss the need for a combined intelligence strategy and better resilience in wartime.
Network systems - including phones, email, electronic health records and patient portals - remain offline at a Chicago children's hospital and research center nearly a week after it was hit by a cyberattack. Such incidents targeting entities that cater to kids are especially egregious, experts say.
Fraudsters used deepfake technology to trick an employee at a Hong Kong-based multinational company to transfer $25.57 million to their bank accounts. Hong Kong Police said Sunday that the fraudsters had created deepfake likenesses of top company executives in a video conference to fool the worker.
The U.S. Department of Commerce has formed a landmark supply chain agreement with 13 countries in the Indo-Pacific region that will go into effect Feb. 24. The agreement provides a framework to secure critical supply chains from disruptive events such as cyberattacks and armed conflicts.
A U.K. parliamentary committee scrutinizing the artificial intelligence market urged the British competition regulator to closely monitor developers of foundation models and warned against regulatory capture. Already, the market is trending toward consolidation, said a House of Lords committee.
Mastercard, a global leader in payments, is expanding its use of artificial intelligence beyond traditional applications. The company has deployed AI to prevent fraud and enhance customer experience, efficiently handling a 20% increase in inquiries and navigating through extensive manuals.
Financial giant EquiLend Holdings said it's brought back online multiple systems, including its NGT platform that handles securities lending transactions worth $2.4 trillion every month, following an outage triggered by ransomware-wielding attackers gaining unauthorized access to its systems.
Remote desktop application provider AnyDesk acknowledged that hackers recently had gained unauthorized access to the company's production systems in a cyberattack. The firm said it has revoked all security-related certificates as a precaution and is rolling out a new code-signing certificate.
In the latest weekly update, ISMG editors discussed the potential role of AI in cloud security, how the recent cyberattack on Microsoft by Russian state hackers highlighted the vulnerabilities associated with legacy systems, and how to secure APIs in the age of zero trust.
Welcome to "Cyber Fail," where our experts uncover fails so we can all strengthen our defenses. Today, we examine what happens when ransomware groups get careless, application developers' laissez-faire attitude toward vulnerabilities, and the security woes of a beleaguered crypto exchange.
Two Chicago hospitals are navigating the effects of recent cyberattacks. One, a children's hospital, has taken its IT network offline to respond to an incident, and the other, a nonprofit safety-net hospital, is being shaken down by cybercriminals asking for a hefty ransom in return for stolen data.
The number of victims who opt to pay a ransom appears to have declined to a record low. During the last three months of 2023, an average of 29% of organizations hit by ransomware paid a ransom - a notable shift from what ransomware watchers saw in recent years.
A top U.S. banking lobbyist told a Senate panel Thursday there are limits to what financial institutions can do to stop scammers from draining individual banking accounts and called on regulators such as the Federal Communications Commission to do more to combat caller ID spoofing.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.asia, you agree to our use of cookies.