BankInfoSecurity.com

Shifting the Mindset from Cost Center to Revenue Generator

BankInfoSecurity.com

1 year ago

How Strong AML and Fraud Prevention Controls Can Differentiate Your Fintech and Help You Scale

As fintechs and financial institutions navigate an increasingly complex payments ecosystem, robust AML and fraud prevention controls are no longer just a compliance necessity—they’re a strategic advantage. Discover how risk-based frameworks, intelligent detection systems, and stronger partnerships can enhance trust, streamline operations, and safeguard against evolving financial crime threats.

Why Google and Wiz Struck a Deal Now After 2024 Talks Caved

BankInfoSecurity.com

1 year ago

Major Competitive, Regulatory, Economic and Technological Changes Fueled This Deal
The fact a $32 billion acquisition agreement between Google and Wiz was reached speaks to major changes that have occurred in the market around the competitive landscape, the regulatory environment, the macroeconomic environment, customer buying behavior, and the technology itself.

Violent ChatGPT Hallucination Sparks GDPR Complaint

BankInfoSecurity.com

1 year ago

Norwegian Man Tells OpenAI: I Didn't Kill My Children
A Norwegian man is peeved that a chatbot hallucinated a violent backstory for his life after seeing that ChatGPT apparently believes he's a child killer spending decades inside prison. "The fact that someone could read this output and believe it is true is what scares me the most," he said.

Authorities Warn of Security Terror Threats to Hospitals

BankInfoSecurity.com

1 year ago

Health ISAC, AHA Bulletin Urges Entities to Bolster Physical, Cyber, Preparedness
Threats transmitted on social media intimating coordinated terrorist attacks on hospitals in mid-tier U.S. cities have industry authorities warning the healthcare sector to shore up physical and cyber security, as well as emergency management response plans.

Fighting Financial Fraud With Adversarial AI Defenses

BankInfoSecurity.com

1 year ago

Experts Weigh the Advantages and Risks of Generative Adversarial Networks
With traditional rule-based fraud detection systems and even conventional machine learning models struggling to identify these highly deceptive fraud patterns, financial institutions are exploring generative adversarial networks to enhance fraud detection.

White House Shifting Cyber Risk to State and Local Agencies

BankInfoSecurity.com

1 year ago

Executive Order Shifts Cyber Responsibilities to States, Sparking Security Concerns
The White House is shifting cybersecurity risk management from the federal government to states and local agencies, marking a pivot in how Washington supports the protection of elections and critical infrastructure. Many states lack their own national security and cyberthreat intelligence centers.

Rash of Hacks Hits Nursing Homes and Rehab Centers

BankInfoSecurity.com

1 year ago

Why Are Facilities Caring for the Elderly 'Targets of Opportunity' For Cybercrime?
More than a half dozen nursing homes and rehabilitation centers have reported an assortment of major hacks in the last month affecting a total of more than 130,000 individuals. What makes facilities caring for elderly and disabled patients an attractive and vulnerable target to cybercriminals?

Hackers Exploit Unpatched ChatGPT Bug

BankInfoSecurity.com

1 year ago

Over 10K Exploit Attempts Recorded in a Week From a Single Malicious IP
Hackers are exploiting a vulnerability in ChatGPT's infrastructure to redirect users to malicious websites, with security researchers recording more than 10,000 exploit attempts in a week from a single malicious IP address. The financial sector has borne the brunt of the attacks.

Tesla Owners Doxxed as Elon Musk and DOGE Fallout Grows

BankInfoSecurity.com

1 year ago

'Dogequest' Site Provided Tesla Owners Addresses, Names and Phone Numbers
The White House slammed a website that purported to reveal the names, addresses and phone numbers of Tesla owners - unless they showed proof of selling their vehicles made by Elon Musk's car company - amid growing criticism over his efforts to sharply reduce the size of the federal government.

UK NCSC Sets 2035 Deadline for Post-Quantum Migration

BankInfoSecurity.com

1 year ago

Cyber Agency Urges Critical Infrastructure Operators to Migrate Within the Deadline
The British cybersecurity agency urged critical infrastructure operators to adapt to post-quantum cryptography by 2035 as it and other government agencies prepare for the inevitability of quantum computers capable of breaking current encryption algorithms.

How to Boost Your Career at Cybersecurity Conferences

BankInfoSecurity.com

1 year ago

Get the Most Out of Your Event by Planning, Networking and Following Up
Conference season is upon us, and there's no better time to work on your career at one or more of the major cybersecurity conferences in the United States this spring and summer. These conferences do cost money, but with a bit of preparation, you can invest in your career.

How Google’s $32B Wiz Acquisition Will Reshape Cloud Defense

BankInfoSecurity.com

1 year ago

Google Boosts Native Cloud Security with Wiz, But Deal Raises Multi-Cloud Concerns
Google’s $32 billion deal to acquire Wiz boosts its cloud security capabilities, shifting away from third-party partnerships. Wiz’s market leadership and acquisitions make it a valuable asset, but concerns remain about its future neutrality in multi-cloud environments and AWS, Azure relationships.

AI Models Trained on Buggy Code Mirror Errors, Study Finds

BankInfoSecurity.com

1 year ago

Researchers Examined 7 LLMs to Determine How they Dealt with Flawed Code
Large language models trained on flawed data tend to replicate those mistakes, researchers found. "In bug-prone tasks, the likelihood of LLMs generating correct code is nearly the same as generating buggy code," found researchers from institutions including the Chinese Academy of Sciences.

US DOGE Staffer Sent Unencrypted Treasury Data Over Email

BankInfoSecurity.com

1 year ago

Agency Official Says Ex-DOGE Staffer's Data Breach Violated Security Policy
An ex-Department of Government Efficiency staffer violated Treasury rules by sending unencrypted personal data to two senior Trump administration officials without approval, raising concerns about the task force's apparent disregard for or lack of knowledge about critical data security policies.

Why States Will Need to Step Up Cyber Help for Healthcare

BankInfoSecurity.com

1 year ago

As uncertainty mounts about the range of cyber resources the federal government will continue to offer healthcare and other critical infrastructure sectors during the Trump administration, states will need to step up their support, said Mike Hamilton, field CISO of cybersecurity firm Lumifi Cyber.

Second GitHub Actions Supply Chain Attack Discovered

BankInfoSecurity.com

1 year ago

Malicious Code Injected in reviewdog Just Hours Before tj-actions Backdoored
Just days after researchers discovered an attack that subverted a widely used tool for software development platform GitHub, they discovered a second, prior attack, as part of what one expert said may be "a chain of supply chain attacks eventually leading to a specific high-value target."

Google Purchases Wiz in $32B Deal to Boost Cloud Security

BankInfoSecurity.com

1 year ago

Largest Security Deal Ever Aims to Boost AI-Driven Multi-Cloud Solutions
Google Cloud plans to acquire cloud security leader Wiz for $32 billion, integrating its AI-powered security capabilities to better protect companies across multiple cloud environments. The deal reinforces protections across multi-cloud environments, including AWS, Microsoft Azure and Google Cloud.

Medical Hallucinations Persist as Clinicians Integrate AI

BankInfoSecurity.com

1 year ago

Researchers Detail AI's Fabricated Facts in Healthcare, Discuss Solutions
Hallucinations in artificial intelligence foundation models are pushing healthcare professionals and technologists to rethink how practitioners can safely use AI. Hallucinated lab result or an erroneous diagnostic recommendation could lead to harmful interventions or missed treatments.

UK Official Says Russian Disinfo Blocked in 2024 Election

BankInfoSecurity.com

1 year ago

Doppelganger Unsuccessfully Attempted to Distort Election, UK Minister Said
A Russian government-directed foreign influence campaign unsuccessfully attempted to disrupt the 2024 U.K. elections, a British security minister told a parliamentary committee. The government identified disinformation networks linked to Russian influence campaign widely tracked as Doppelganger.

CISA Rehires Fired Employees, Immediately Puts Them on Leave

BankInfoSecurity.com

1 year ago

Agency Places Probationary Employees on Administrative Leave Pending Court Decision
The Cybersecurity and Infrastructure Security Agency announced plans to rehire probationary employees that had been ousted amid an ongoing federal workforce purge, following a temporary court restraining order. Those employees will be immediately placed on administrative leave, a spokesperson said.

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