Collaborate Disseminate
Though generative AI offers financial firms remarkable business and cybersecurity utility, cyberthreats relating to GenAI in financial services are a consistent concern, according to FS-ISAC. Cybercriminals exploit AI for data exfiltration The cybersec… Continue reading AI abuse and misinformation campaigns threaten financial institutions
The majority of cyberattacks against organizations are perpetrated via social engineering of employees, and criminals are using new methods including AI to supercharge their techniques, according to ReliaQuest. Some 71% of all attacks trick employees v… Continue reading AI weaponization becomes a hot topic on underground forums
The rise in identity-based attacks can be attributed to a rapid increase in malware, according to SpyCloud. Researchers found that 61% of data breaches in 2023, involving over 343 million stolen credentials, were infostealer malware-related. Of these c… Continue reading Cybercriminals use cheap and simple infostealers to exfiltrate data
25% of Americans has lost money to online tax scams, according to McAfee. Of the people who clicked on fraudulent links from supposed tax services, 68% lost money. Among those, 29% lost more than $2,500, and 17% lost more than $10,000. Moreover, 76% lo… Continue reading Scammers exploit tax season anxiety with AI tools
The rapid digital transformation and technological progress within the technology sector have enlarged the attack surface for companies operating in this space, according to Trustwave. As the sector evolves, the proliferation of Software-as-a-Service (… Continue reading Tech industry’s focus on innovation leaves security behind
Scams directly targeting consumers continue to increase in both complexity and volume, according to Visa. Consumers are increasingly targeted by scammers, who rely on heightened emotions to create fraud opportunities. While the number of individual sca… Continue reading Scams are becoming more convincing and costly
The use of hybrid multicloud models is forecasted to double over the next one to three years as IT decision makers are facing new pressures to modernize IT infrastructures because of drivers like AI, security, and sustainability, according to Nutanix. … Continue reading Organizations under pressure to modernize their IT infrastructures
Despite the critical role of APIs, the vast majority of commercial decision-makers are ignoring the burgeoning security risk for businesses, according to Fastly. Application Programming Interfaces (APIs) have long been recognised as a bedrock of the di… Continue reading 95% of companies face API security problems
93% of IT professionals believe security threats are increasing in volume or severity, a significant rise from 47% last year, according to Thales. The number of enterprises experiencing ransomware attacks surged by over 27% in the past year. Despite th… Continue reading Malware stands out as the fastest-growing threat of 2024
Data loss is a problem stemming from the interaction between humans and machines, and ‘careless users’ are much more likely to cause those incidents than compromised or misconfigured systems, according to Proofpoint. While organizations are… Continue reading 1% of users are responsible for 88% of data loss events