Photo by Google DeepMind Allianz Commercial has released its annual cyber risk outlook, highlighting the growing significance of artificial intelligence (AI) in shaping the cyber and privacy risk landscape. This year’s report delves into how widespread AI adoption across various industries may alter the nature of cyber threats. The reliance…
Scammers continue to escalate their tactics, with fraudsters and cybercriminals extracting billions from unsuspecting individuals each year. The types of scams are diverse and evolving, with romance fraud, business email compromise, investment schemes, and sextortion among the numerous methods used to exploit victims. As the landscape of these threats shifts,…
This year has witnessed a significant surge in cybersecurity incidents, with numerous breaches, attacks, and operational failures capturing global headlines. Among these, select events stand out for their profound implications, potentially altering protective measures within the industry, challenging vendors to bolster the security of customer systems, and prompting security leaders…
As we approach the new year, organizations are grappling with mounting challenges related to governance, security, and regulatory compliance, particularly in light of the rapid adoption of artificial intelligence (AI). In this evolving landscape, Henry Umney, Managing Director of GRC Strategy at Mitratech, a prominent compliance technology provider utilized by…
The Rising Tide of Cybercrime: A Call for Enhanced Collaboration Cybercriminals are escalating the sophistication and frequency of their attacks, posing significant threats to organizations globally. In a recent discussion led by InfoSec Officer Shervin Evans, the pressing issue of whether we are winning the battle against these malicious actors…
Rhode Island’s public benefits system has fallen victim to a significant ransomware attack, jeopardizing the personal information of users. According to a report from Bloomberg News on December 14, hackers successfully infiltrated the online platform and are threatening to release sensitive user data unless a payment is made. The seriousness…
In a recent development that has sparked considerable discussion in the cybersecurity community, OpenAI CEO Sam Altman predicts that artificial general intelligence (AGI)—artificial intelligence that can surpass human performance across a wide range of tasks—may arrive as early as 2027 or 2028. Contrarily, Elon Musk forecasts an even sooner emergence,…
As we approach 2025, the landscape of generative AI and emerging technologies is significantly transforming business operations. This evolution introduces various measures for organizations to bolster their security, yet it simultaneously escalates the risk of cyber incidents. The rapid advancement of cyber attackers presents significant challenges that companies will need…
Explore the latest on Blockchain & Cryptocurrency, Cryptocurrency Fraud, and Fraud Management & Cybercrime. Australia Imposes AU$8 Million Fine on Kraken Exchange for Breaches Prajeet Nair (@prajeetspeaks) • December 12, 2024 Image: Shutterstock Information Security Media Group compiles a weekly summary of cybersecurity incidents in the digital asset space. This…
