Will large language models such as ChatGPT take cybercrime to new heights? Researchers say AI for malicious use so far remains a novelty rather than a useful and reliable cybercrime tool. But as AI capabilities and chatbots improve, the cybersecurity writing is on the wall.
Business email compromise (BEC), also known as email fraud, is one of cybersecurity’s costliest and least understood threats. As BEC schemes have evolved, industry nomenclature has outlived its usefulness. Without a framework to describe and break down BEC attacks—let alone conceptualize them—researching and...
Two recent separate hacking incidents involving attackers stealing copies of sensitive protected health information have affected more than 1 million patients of a New Jersey healthcare system and an Alabama cardiovascular clinic. Victims get free credit monitoring and identity restoration services.
Crypto exchange firm Coinbase has confirmed that an SMS phishing campaign aimed at stealing employee credentials resulted in a minor data breach. The company estimates the latest campaign is part of the phishing campaign that successfully compromised Twilio and Cloudflare last year.
Ireland's child and family agency, Tusla, says it is beginning a months-long process to notify 20,000 individuals that their personal information was exposed in the May 2021 ransomware attack against the Health Service Executive, which formerly managed Tusla's IT systems.
The false positive rate for detecting check fraud typically is very high because it's such an analog process. To detect fraudulent checks faster, banks need to pair their legacy detection capabilities with image analysis solutions, says Trace Fooshee, strategic adviser with Aite-Novarica Group.
Internet domain registrar GoDaddy says it is the victim of a yearslong hacking campaign that installed malware on internal systems and obtained source code. The hackers' "apparent goal is to infect websites and servers with malware for phishing campaigns, malware distribution," the company says.
Accenture has bought Morphus to get more intelligence around fraud and other cybercrimes Brazilian criminals are perpetuating in the digital world. The Morphus acquisition will help Accenture customers take on financially motivated cyber fraud and insider threats that are pervasive in Brazil.
Threats from API and application vulnerabilities increased in 2022, but ransomware, human error and hygiene continue to pose the greatest threats to organizations, according to findings from CyberTheory's 2022 Performance Study. CyberTheory's Steve King shares how education can make a difference.
Vladislav Klyushin, who ran a Moscow-based IT services firm associated with the Russian government, has been found guilty of running a criminal hacking scheme that earned $90 million via insider trading. He faces up to 50 years in prison. His four alleged co-conspirators remain at large.
First-party fraud is all about intent and banks have to determine whether the person carrying out the transaction is doing it intentionally. That's hard to do for a basic binary decision model, says Steve Lenderman, senior vice president/director of global loss prevention and fraud, BM Technologies.
The ransomware threat is a top-of-mind issue for so many organizations; however, few feel totally prepared for an attack. Without an industry reference architecture or blueprint for ransomware protection, organizations are building their own strategies and processes to respond. But with ransomware protection included...
In today's rapidly evolving threat landscape, cyber attacks are becoming more sophisticated, with spear phishing attacks now the most common way for cybercriminals to enter an organization. With the advent of new technologies like ChatGPT and Deepfakes, the situation is only getting worse. ChatGPT is being used to...
Ahead of RSA Conference 2023, Greg Day, a program committee member focusing on "hackers and threats," previews top themes at this year's event. Day, a member of the RSA Conference program committee, says one common theme is "old vulnerabilities and threat techniques being used in new environments."
In the latest weekly update, ISMG editors discuss important cybersecurity and privacy issues, including cybersecurity innovation in today's market, how French police nabbed notorious Finnish hacker Zeekill and whether we are in a new form of cold war - specifically, an ongoing cyberwar.
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