Thales has released its 2024 Data Threat Report for Financial Services, revealing a notable decline in data breaches among financial institutions, alongside persisting challenges surrounding ransomware and increasing security risks linked to the swift implementation of generative AI technologies. This report provides essential insights for business owners who are increasingly…
Fidelity Investments has recently disclosed a data breach that occurred in mid-August, affecting more than 77,000 of its customers. The nature of the breach raises significant concerns about the security posture of the company, particularly in relation to its customer-facing web applications, which may have been exploited due to apparent…
As the browser becomes the dominant workspace in enterprises, it is increasingly exploited by cybercriminals as a key attack vector. Various threats ranging from account takeovers and phishing attacks to malicious browser extensions highlight the browser’s role in compromising sensitive data and breaching organizational systems. Security professionals tasked with developing…
Recent findings published in the Nokia Threat Intelligence Report reveal a troubling increase in vulnerabilities facing the global telecommunications industry, with a particular emphasis on North America. The incorporation of Generative AI (GenAI) and automated strategies by cybercriminals is significantly intensifying these threats, leading to heightened risks for telecom operators.…
Since its inception, Generative AI has significantly transformed productivity within enterprises, streamlining processes such as software development, financial analysis, business strategy formulation, and customer interaction. Nonetheless, this surge in efficiency brings substantial risks, notably regarding the possibility of sensitive data leaks. Organizations find themselves in a precarious position, striving to…
Rising Costs of Data Breaches in ASEAN Highlight Cybersecurity Challenges A recent study has revealed that the average expense associated with a data breach in the ASEAN region has surged to an unprecedented S$4.34 million (approximately US$3.33 million) in 2024. This figure marks a 7% increase from the previous year…
The Rise of Generative AI and Associated Cybersecurity Risks The swift proliferation of Generative AI (GenAI) tools in both personal and business contexts has significantly outstripped the development of adequate security protocols. Business practitioners are often under immense pressure to implement GenAI solutions rapidly, leading to security considerations sometimes being…
Concerns over safety remain paramount as organizations recognize both the remarkable capabilities and various applications of artificial intelligence (AI). While there is a keen interest to harness AI technology, apprehension regarding potential risks—including data breaches, cyberattacks, and other vulnerabilities—lingers in the background. The recent introduction of the Dioptra tool by…
The FBI and CISA Release Advisory Addressing New Ransomware Threats The FBI and the Cybersecurity and Infrastructure Security Agency (CISA) have issued a joint advisory aimed at mitigating the rising threat of ransomware attacks, as part of their ongoing #StopRansomware initiative. Released on August 29, 2023, the advisory, identified as…
