Artificial Intelligence & Machine Learning , Events , Next-Generation Technologies & Secure Development

Bad Actors Employ Next-Gen Hacking Methods for Innovation

Accenture's Valerie Abend on How Cybercriminals Are Able to Move Faster
Valerie Abend, global cyber strategy lead, Accenture

The number of ransoms paid by organizations is on the decline, which is positive news. But we know that the criminals are always innovating. Valerie Abend, global cyber strategy lead at Accenture, said cybercriminals are constantly learning to accomplish their objectives and are increasingly adopting next-generation hacking techniques.

See Also: Security Culture Report for Oceania 2024

During times of macroeconomic uncertainty, she said, rates of fraud are likely to increase because it's easier to prey on vulnerable individuals who have lost their jobs due to layoffs. Bad actors are constantly changing their tactics specifically to accomplish their financial objectives. Also, attackers could potentially weaponize generative AI tools such as ChatGPT, so it's imperative for security operations centers to proactively leverage these capabilities.

"The bad guys are moving faster, and that's the balance of the challenge there because while we sit down and think about sandboxing new tools, they don't have to wait for any responsibility framework to actually go after and use these capabilities," she said. "There's no question that they are thinking of new ways of leveraging it, some of which haven't even been thought of by our teams yet."

In this video interview with Information Security Media Group at RSA Conference 2023, Abend also discusses:

  • How cybercriminals are targeting enterprises with generative AI tools;
  • The challenges faced by enterprises in complying with regulations;
  • How to bridge the gap between the private sector and policymakers.

Abend advises C-suite executives on how to manage cyber risk and build resilient business strategies. With more than 25 years of experience, she has spearheaded enterprisewide and sectorwide security and resilience strategies, public-private partnerships and cybersecurity regulatory oversight strategies.

About the Author

Anna Delaney

Anna Delaney

Director, Productions, ISMG

An experienced broadcast journalist, Delaney conducts interviews with senior cybersecurity leaders around the world. Previously, she was editor-in-chief of the website for The European Information Security Summit, or TEISS. Earlier, she worked at Levant TV and Resonance FM and served as a researcher at the BBC and ITV in their documentary and factual TV departments.

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