BankInfoSecurity.com

Acquisition Underscores the Importance of AI Security in Modern IT Infrastructure
Cisco announced its intent to acquire Robust Intelligence to fortify the security of AI applications. With this acquisition, Cisco aims to address AI-related risks, incorporating advanced protection to guard against threats such as jailbreaking, data poisoning and unintentional model outcomes.

Security Researcher Uncovered the Flaw, Which Allowed System Takeover
Microsoft says it fixed a security flaw in artificial intelligence chatbot Copilot that enabled attackers to steal multifactor authentication code using a prompt injection attack. Security researcher Johann Rehberger said he discovered a way to invisibly force Copilot to send data.

Google Ventures Leads Round as Sales of Cribl's Vendor-Agnostic Data Tools Grow
Cribl has completed a $319 million Series E funding round led by Google Ventures. The financing pushes the company’s valuation to $3.5 billion, with backing from prominent investors as Cribl's data engine technology continues to be rapid adoped by enterprises globally.

Restoration Completed Days Ahead of Schedule But Still a Lot of Catch-Up Work to Do
McLaren Health says its IT systems are fully restored a few days earlier than expected, following an Aug. 6 ransomware attack that disrupted clinical and administrative operations at its 13 hospitals and other facilities. The Michigan-based entity had expected the recovery to last through August.

Cybersecurity Tech Accord Urges Nations to Reject the Treaty
A coalition of technology organizations says a draft United Nations cybercrime treaty would facilitate crime and is urging nations to reject the treaty. "The best option now is for a majority of the U.N.'s member states to decide not to adopt the convention," said Nick Ashton-Hart.

Acquisition Will Enhance Security Operations, Expand Managed Threat Intel Solutions
Check Point plans to purchase an external risk management vendor led by an Israeli intelligence veteran to boost its SOC and managed threat intelligence capabilities. The proposed acquisition of Cyberint will make it easier for companies to defend against both internal and external cyberthreats.

Why Did it Take So Long to Notify Regulators and Affected Patients?
A small rural Alabama hospital is notifying more than 61,000 patients that their sensitive information was potentially compromised in an October 2023 hacking incident. Why the many months-long delay in notifying regulators and affected individuals?

Activists Raise Concerns Over Privacy and Hostility to End-to-End Encryption
The Saturday evening arrest of Telegram CEO Pavel Durov by French law enforcement agencies thrust the already controversial social media platform further into the international spotlight as Paris authorities said the Russian billionaire will likely remain in custody at least through Wednesday.

As Banks Combat Fraud, Customers Feel the Strain of Overly Cautious Measures
In today’s AI-driven world, banks are becoming increasingly vigilant, often freezing accounts or demanding extensive documentation at the slightest hint of suspicious activity. Sending money, once a straightforward task, is now fraught with complexity.

Why Acquisition Reports Emerge in the Media, and What It Means for Those Mentioned
Companies historically responded to M&A reports with milquetoast statements about "not commenting on rumors or speculation," but aggressive clapbacks have become much more common. Increasingly, executives are willing to attract more publicity by publicly - and vocally - denying acquisition reports.

Pavel Durov Reportedly Detained For Complicity Over Criminal Use
French media reported Saturday the detention outside Paris of Pavel Durov, CEO and owner of social media network Telegram, reportedly for failing to take steps to curb criminal activity on the platform. The Russian Embassy in France said it has demanded an explanation from the French government.

Texas Credit Union Only Just Notifying 500,000 Members About May 2023 Data Theft
Fifteen months after a massive supply-chain attack hit users of MOVEit secure file-transfer software, Texas Dow Employees Credit Union has issued a data breach notification pertaining to 500,474 victims, saying it only discovered last month their personally identifiable information got stolen.

Hard Drives Slated For Destruction Kept in Open Cardboard Boxes
The FBI had a loose hard disk disposal problem that auditors say put classified information at risk. The bureau, auditor said, has a tracking system for obsolete computers and servers earmarked for destruction - but not for storage media extracted from the computer chassis.

Disruptions Affecting Website, Terminal Information Screens, Baggage Sorting System
Travelers in the Pacific Northwest's busiest airport should travel light and gird for extra levels of frustration in the aftermath of a suspected Saturday cyberattack. The Seattle-Tacoma International Airport said that systems "experienced certain system outages indicating a possible cyberattack."