DataBreachToday.com

Banks Using AI to Spot Fraud, Create Synthetic Data for Better Predictive Analytics
While the criminals may have an advantage in the AI race, banks and other financial services firms are responding with heightened awareness and vigilance, and a growing number of organizations are exploring AI tools to improve fraud detection and response to AI-driven scams.

Social Media Platform Deleted 25 Videos South Korean Government Said Showed Crimes
Telegram deleted 25 videos the South Korean Communications Standards Commission said depicted sex crimes, and regulators reported that site administrators pledged a "relationship of trust." The agency said it intends to establish a hotline to ensure urgent action on deepfakes.

Top Government Agencies 'All in the High 90% Range' for Completion, Says Martorana
Federal Chief Information Officer Clare Martorana told the Billington CyberSecurity Summit on Wednesday that the 24 CFO Act Agencies are on track to meet the Sept. 30 deadline given in the federal zero trust strategy released in 2022, which includes key milestones due at the end of the fiscal year.

CRQ Can Help Organizations Optimize Investment, Improve Resilience, Manage Threats
When executives fully understand the potential impact and cost of cyberthreats, they can better assign the necessary resources to combat them. Learn about how Verizon's CRQ can help to improve an organization's cybersecurity investments and resilience.

Tennessee-Based Specialty Networks Incident Is Latest Attack on Business Associates
A vendor that provides information systems and transcription services to radiology practices is alerting 411,037 people of a hack discovered last December involving the theft of sensitive data. The firm already faces at least four proposed federal class action lawsuits related to the hack.

Sprague Replaces Veteran CEO, Plans to Double Down on PTaaS and AI Red Teaming
HackerOne has tapped F5's longtime product leader as its next chief executive to continue expanding its portfolio beyond operating vulnerability disclosure programs. The firm tasked Kara Sprague with building on existing growth in areas including AI red teaming and penetration testing as a service.

Director Hails New Guidance as 'First Step' in Resolving BGP Security Risks
Harry Coker, director of the Office of the National Cyber Director, described new guidance published Tuesday that aims to bolster internet routing security as a critical "first step" in addressing long-standing security issues that threaten the backbone of global communications.

Agency Publishes Notice Soliciting Comments on Potential Federal Response
An artificial intelligence-fueled growth in data center construction has the federal government asking what it should do to help manage data security risks. The NTIA is interested in identifying opportunities "to improve data centers’ market development, supply chain resilience, and data security."

CISA 'Committing More Resources Than Ever Before' to Election Infrastructure
The Cybersecurity and Infrastructure Security Agency told Information Security Media Group it is in the process of carrying out its most expansive national effort to secure election infrastructure across the country ahead of the upcoming November election.

Supreme Court Panel Upholds Ban, After X Failed to Appoint a Legal Representative
Brazil has begun blocking domestic access to social platform X - including criminalizing access by Brazilians who might use a VPN - after the company failed to comply with court orders tied to combating disinformation campaigns, and a law requiring it has a legal representative in the country.

Cryptocurrency Users Targeted in Latest Campaign Involving FudModule Rootkit
A hacking group tied to North Korea exploited a zero-day vulnerability in the open source Google Chromium web browser to try and steal cryptocurrency, Microsoft said. The attack campaign is the latest to involve a sophisticated North Korean rootkit called FudModule. Google has fixed the flaw.

Bill Is Similar to Senate Proposals, But Will Congress Take Action Before Election?
A bipartisan House bill aims to bolster cybersecurity in the healthcare sector by requiring stronger collaboration between CISA and the Department of Health and Human Services. The bill is a companion to nearly identical bipartisan legislation introduced in the Senate in July.

Cloud-Based Security Camera Firm Pledges Better Security in US FTC Settlement
A California security camera company agreed to pay a $2.95 million civil penalty and implement a security program after hackers in 2021 accessed video from 150,000 internet-connected security cameras, including from devices placed inside psychiatric hospitals and women's health clinics.

Feds Count Over 200 Known US Victims of Ransomware Group That Launched in February
Beware a surge in attacks tied to a ransomware group called RansomHub that's recruited affiliates from down-or-out operations LockBit and BlackCat and successfully crypto-locked systems at more than 200 organizations nationwide, including critical infrastructure, the U.S. government warned.

Growth, Profitability and Stock Price Woes Have Dell Primed to Cash Out Its Chips
Majority owner Dell is exploring a possible sale of Atlanta-based cybersecurity services vendor Secureworks, tapping investment bankers at Morgan Stanley and Piper Sandler to gauge takeover interest from potential acquirers, which include private equity firms, Reuters reported Thursday.

Also: UN Convention Against Cybercrime Efforts; Serving SMBs' Cybersecurity Needs
In the latest weekly update, Information Security Media Group editors discussed how CrowdStrike's competitors are responding to its outage, why security vendors want to serve the unique needs of SMB organizations and the status of U.N. efforts to develop a treaty designed to combat cybercrime.