Generative AI can improve operational efficiencies, enhance risk and compliance and elevate the client experience for financial services firms, said Wipro's Suzanne Dann. Wipro embraced generative AI to reduce fraud by spotting anomalous behavior and used synthetic data to test deep learning models.
The SEC recently charged SolarWinds and its CISO for fraud amid cybersecurity lapses. Most organizations are reckless in making statements to the market to preserve their company's stock prices, not realizing that this is tantamount to fraud, said experts.
Not even dairy cows appear to be safe from internet of things flaws, researchers report after reverse-engineering health-monitoring collars for cows and finding they could eavesdrop on and alter data. Once addressed by the manufacturer, they said the non-updateable collars would have to be replaced.
President Joe Biden's recent executive order for artificial intelligence encourages investment in AI while setting a vision for a regulatory framework to address issues involving AI technology safety, bias and other concerns in healthcare, said attorney Wendell Bartnick of the law firm Reed Smith.
In the latest weekly update, the former federal CISO, Grant Schneider, joins three editors at ISMG to discuss important cybersecurity issues, including advice for the next White House cyber director and liability concerns facing CISOs following SolarWinds and its CISO being accused of fraud.
European lawmakers slammed the EU executive branch's inaction after a parliamentary committee called for tougher rules designed to prevent spyware abuse across the trading bloc. More than half of European Parliament lawmakers backed a resolution demanding rapid action.
Hospitality giant Indian Hotels is probing the alleged theft of data from its systems after a criminal recently claimed they stole data pertaining to 1.5 million customers of the Taj hotel chain in 2020, which they're now advertising on a popular English-language cybercrime forum.
Mobile apps are an indispensable part of digital business, but organizations often underestimate the security threats they pose. AppSealing Managing Director Govindraj Basatwar shared best practices for effective app shielding and factors to consider when selecting a mobile app security vendor.
Despite the high frequency of major health data breaches involving vendors, many healthcare sector entities remain lax in their approach to manage and reduce third-party security risk, said Glen Braden, CIO and principal of compliance auditing firm Attest Health Care Advisors.
This week, Chinese-affiliated hackers targeted the Philippine government; Kansas courts confirmed data theft; officials warned of exploited flaws in Sophos, Oracle and Microsoft software; AutoZone disclosed a Clop ransomware attack; and Optus' CEO resigned after a network outage.
This week's cryptocurrency hack roundup features hackers stealing $87 million from Heco, Kronos reporting $25 million stolen via an API breach, regulators filing charges against Kraken, and feds charging three people with stealing $10 million and seizing $9 million tied to a pig-butchering scam.
North Korean state-affiliated hackers are continuing to exploit zero-days in popular software applications as part of global supply chain attack campaigns for espionage and financial theft purposes, British and South Korean cybersecurity and intelligence officials said.
AI has become a major talking point for cybersecurity vendors since the release of ChatGPT a year ago. But AI and ML are nothing new, and the power behind using them to detect cyberthreats comes from the richness of datasets, said Debasish Mukherjee, VP of sales for the APJ region at SonicWall.
The Asia-Pacific region will dramatically increase its investment in offensive and security tools over the next decade, amid a worsening threat landscape and rising losses, experts predict. Telemetry data from IBM and BlackBerry highlights a sharp rise in attacks against organizations in the region.
AI is being used "by everyone" these days, including by malicious nation-state actors, and that is raising the level of threats and risks facing hospitals and other healthcare entities, said John Riggi, national adviser for cybersecurity and risk at the American Hospital Association.
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