If we proactively tackle the complexities of the AI revolution, we can ensure that it serves as a catalyst for innovation rather than a source of displacement. With thoughtful planning and inclusive policies, the integration of AI into the professional world can enhance human potential.
Fraudsters increasingly focus on synthetic entity fraud because forming a corporation requires few verification checks. This lack of rigorous verification by business registrars has led to an explosion in fake companies, said Andrew La Marca at Dun & Bradstreet.
Cybereason is carrying out its third round of layoffs in 21 months, and dozens of senior employees are expected to be let go. Among the exiting employees is Zohar Alon, the longtime Dome9 Security leader who joined Cybereason just 11 months ago as president of product and research and development.
The underrepresentation of women in cybersecurity is a complex issue. The reasons behind it include stereotypes and biases, educational barriers, workplace culture, and the lack of visibility and role models. We need to consider the implications and discuss potential strategies for change.
Wiz is reportedly set to buy centralized cloud threat management vendor Gem Security for $350 million, Bloomberg reported this week. The deal would come just four months after Wiz made its first-ever acquisition, scooping up cloud-based development platform Raftt for as much as $50 million.
First-party fraud hits banks from many different places - credit card fraud claims, bust-out schemes, lending fraud and synthetic identity fraud. The diversity of scams poses major challenges in spotting fraudulent activity, said Frank McKenna, chief strategist and co-founder of Point Predictive.
As the fallout continues in the Change Healthcare IT outage, the U.S. healthcare ecosystem is anticipating the next bombs to drop in what's shaping up to be the worst cyberattack the sector has experienced so far. What should entities be considering as they push forward in the recovery?
About 20% of new companies created in the U.K. every day - or some 800 firms - are scams. These fake businesses are being created from an ocean of stolen high-quality data related to real people, making it hard to spot the fraudsters, said Graham Barrow, director of "The Dark Money Files" podcast.
Is Moscow using the Russian-speaking LockBit ransomware group as a tool to disrupt critical infrastructure and democracy in the West? While no publicly available evidence reveals direct ties, what are the chances that the prolific, trash-talking group has escaped authorities' attention - or demands?
First-party fraudsters have shifted their focus from credit card fraud to deposit scams. In this evolving threat environment, financial institutions face new challenges from the increased use of synthetic identities and the difficulties in classifying first-party fraud, said BioCatch's Seth Ruden.
Unlike identity theft, first-party fraud is harder to spot when a consumer opens an account. To guard against this growing blind spot, banks need to invest in transaction-monitoring tools and take a more holistic approach to fraud, said Ian Mitchell, co-founder of Mission Omega.
Synthetic IDs remain a problem not because of a lack of data but because of failure to identify the right data and establish correlations, said Steve Lenderman, co-chair of the Industry Working Groups for the International Association of Financial Crimes Investigators.
Supply chain attacks and zero-day exploits surged in 2023, helping to set yet another record for data breaches tracked by the Identity Theft Resource Center. James E. Lee, COO of the group, explained why the number of compromises grew so dramatically - from 1,801 incidents in 2022 to 3,205 in 2023.
Rumors are swirling about how the Department of Health and Human Services lost about $7.5 million in grant payments through a series of cyberattacks last year, including speculation over whether the incidents involved sophisticated AI-augmented spear-phishing or more commonplace fraud schemes.
Hackers celebrated the year-end holidays with a malicious "Free Leaksmas" posting on the dark web, releasing 50 million stolen consumer records, including credit card information. Researchers said the leaked data can be used for identity theft and fraud.
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