Many security awareness training programs fail because organizations don't understand the risks they face, said Culture AI's John Scott. He said a successful training program "will help people by making sure that it's targeting the behaviors that address the key risks for the organization."
In this episode of CyberEd.io's podcast series "Cybersecurity Insights," Alisdair Faulkner of security and fraud prevention startup Darwinium discussed how the FedNow Service will add a layer of complexity to defending against real-time financial fraud scams used in faster payments transactions.
The U.K. Electoral Commission suffered a "complex cyber-attack" in 2021, resulting in hackers accessing sensitive voter information. Commission CEO Shaun McNally said the attack resulted in hackers accessing copies of electoral register files that the agency uses for research purposes.
Japanese classified military networks reportedly suffered a massive breach in 2020 at the hands of a Chinese cyberespionage group that proved tough to eject. One cybersecurity expert said Chinese cyberespionage groups targeting Japan and its allies are employing ever more "stealthy intrusions."
Hackers attempting to spy on the Ukrainian government are using an open-source remote access Trojan, said Kyiv cyber defenders. The RAT, MerlinAgent, is available on GitHub. The threat actor spoofed the Computer Emergency Response Team of Ukraine in phishing emails.
Collaborative AI - the process of one AI model learning from another - is one of the most effective ways for financial institutions to fight the sophisticated techniques fraudsters use for scams, said Johan Gerber, executive vice president of security and cyber innovation at Mastercard.
ChatGPT set the world on fire six months ago, and since then a slew of companies have released features or products built on or around generative AI - some of them completely legitimate and some of them little more than snake oil. Does AI makes sense everywhere for everything? Absolutely not.
Financial institutions globally have invested heavily in anti-financial crimes strategies and tools that report potential risk to regulatory authorities. But so have their adversaries. David Stewart and Keith Swanson discuss how institutions are using AI/ML to create more effective fraud defenses.
A Nigerian national has pleaded guilty to participating in a business email compromise scheme that stole $1.25 million from a Boston investment firm. Perpetrators used malware to intercept an employee's emails as well as spoofed email accounts to trick the employee's London financial services firm.
Spanish police estimate that a group that mainly targeted ATMs of Spanish national banks using cloned payment cards had fraudulently pocketed nearly 196,000 euros. Authorities arrested three suspected members of the group Sunday in the Spanish coastal city of Valencia.
The Biden administration says it wants to get ahead of ransomware attacks against schools before K-12 education resumes in the fall. "We must take cyberattacks on our schools just as seriously as we take physical attacks on critical infrastructure," said Cindy Marten, education deputy secretary.
Authorities are sounding the alarm about double-extortion attacks against healthcare and public health sector organizations by a relatively new ransomware-as-a-service group, Rhysida, which until recently had mainly focused on entities in other industries.
The U.S. federal government acknowledged that it is lagging behind on border gateway protocol security practices. Officials from several government agencies, ISPs and cloud content providers organized a workshop to understand the latest security improvements underway.
In the latest weekly update, Troy Leach, chief strategy officer at Cloud Security Alliance, joins ISMG editors to discuss preparing for new regulations, new requirements for third-party cloud penetration testing, and the opportunities and risks of AI in the financial sector.
A ransomware attack has forced a California-based hospital chain to divert ambulances from its emergency rooms and cancel appointments for services. The group of 17 hospitals, 166 outpatient clinics and various doctor practices is still recovering after an IT systems shutdown.
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