Techno-optimistic New York City Mayor Eric Adams on Monday unveiled a plan he said can convert the notoriously bureaucratic city administration into an AI powerhouse. AI presents a "once-in-a-generation opportunity" to improve city services, the Democratic mayor said.
In the latest weekly update, editors at Information Security Media Group discuss the impact of the Israel-Hamas war on the threat landscape and the workforce, the role of the U.S. in shaping the future of AI technology, and highlights from ISMG's Financial Services Summit in New York.
Attorneys general across 33 states have reached settlements for three health data breaches that affected nearly 2 million people, including a $1.4 million settlement for a clearinghouse that left patient data exposed for three years. The AGs accused the firms of violating state laws and HIPAA rules.
U.S. government agencies and the private sector embraced information sharing but lack a coordinated response plan in the event of a massive cyberattack, a House Republican said. Public-private partnerships are essential since 80% of critical infrastructure in the U.S. is owned by the private sector.
The FBI is warning plastic surgery practices and their patients of cybercriminals targeting their sensitive health information and medical photos for extortion schemes. The alert followed recent hacking incidents at several plastic surgery practices involving data theft.
The U.S. needs to pass federal legislation to establish a national framework of standards and a rules of the road for AI, but first passing federal data privacy legislation is an essential foundational part of that, some witnesses told members of Congress.
IBM says the personal information of 631,000 people was compromised by a "technical method" that allowed unauthorized access to a third-party database used by a Johnson & Johnson patient medication support platform. IBM said the problem has been fixed, but two lawsuits have already been filed.
The EU will set up a dedicated office to oversee the implementation of the AI Act, especially by big-tech companies such as OpenAI. Dragoş Tudorache, a Romanian politician and the co-rapporteur of the AI Act, said negotiators have agreed in principle on creation of an "EU AI Office."
The Biden administration is backing down from efforts to make cybersecurity a component of safety assessments of water systems, months after federal judges ordered the EPA to halt those efforts. The agency said it would make the security of operational technology a factor in sanitary surveys.
The number of people affected by a Tennessee cardiac care clinic hack has more than doubled to 411,000 since the healthcare group first reported the incident to regulators in July. Cybercriminal group Karakurt claimed responsibility for the attack, which has so far triggered five class action suits.
As organizations grapple with an increasingly complex digital landscape, CISOs and CIOs are faced with heightened executive liability. With the high-profile cases of CIO Carlos Abarca and CSO Joe Sullivan serving as stark examples, the message is clear - executives cannot afford to be complacent.
A British financial regulator fined American credit reporting agency Equifax 11 millions pounds ($13.4 million) for its role in one of the world's largest data breaches. Chinese military hackers in 2017 exploited a well-known vulnerability in the company's online dispute portal.
Regulators and prosecutors are signaling an increased interest in charging individuals such as CISOs with violating cybersecurity and privacy rules. Attorney Jonathan Armstrong of Cordery said the imperative for CISOs responding to security incidents is clear: Never go it alone.
In the latest weekly update, Ari Redbord, head of legal and government affairs at TRM Labs, joined ISMG editors to discuss: how Hamas is using crypto to finance operations, the latest illicit activities by North Korean actors, and how the trial of FTX's Sam Bankman-Fried could impact the industry.
This week: A crackdown on Hamas' cryptocurrency accounts, more revelations from the trial of Sam Bankman-Fried, Voyager Capital settles with the U.S. Federal Trade Commission - while former CEO Stephen Ehrlich does not - and Elliptic says hackers have cumulatively laundered $7 billion to date.
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