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Officials Warned New Models Could Accelerate Cyber Risks Faster Than RulesGlobal finance officials meeting in Washington warned that advanced artificial intelligence models could expose structural weaknesses across banking and payment systems, speeding vulnerability discovery and cyber exploitation faster than regulators can build guardrails.
Vulnerable citizens targeted by criminals purporting to represent fake police crisis department Scammers targeted Dubai citizens mere hours after missiles struck the city, attempting to gain access to their bank accounts, police have warned.…
Also: Train Hack Risks Outed by CISA Alert; AI Comprehension Issues Won't Go AwayIn this week's update, four ISMG editors discussed the potential global implications of the Seychelles Commercial Bank data breach; the real-world threat of train hacks following an alert about a critical railway vulnerability; and growing concerns around AI's "comprehension problem."
The UK’s financial regulators have discarded plans to force critical suppliers to disclose new vulnerabilities
In today's digital age, passwords serve as the keys to our most sensitive information, from social media accounts to banking and business systems. This immense power brings with it significant responsibility—and vulnerability
ALSO: SEC admits to X account negligence; New macOS malware family appears; and some critical vulns Infosec in brief Trend Micro's Zero Day Initiative (ZDI) held its first-ever automotive-focused Pwn2Own event in Tokyo last week, and awarded over $1.3 million to the discoverers of 49 vehicle-related zero day vulnerabilities.…
The incident occurred between May 27 and 31 2023, before MOVEit Transfer vulnerability was publicly disclosed
Web applications, often in the form of Software as a Service (SaaS), are now the cornerstone for businesses all over the world. SaaS solutions have revolutionized the way they operate and deliver services, and are essential tools in nearly every industry, from finance and banking to healthcare and education. Most startup CTOs have an excellent understanding of how to build highly functional
Fintech provider flaw could have hit dozens of U.S. banks, says Salt Security Salt Security spotted a vulnerability in a large fintech company's digital platform that would have granted attackers admin access to banking systems in addition to allowing them to transfer funds to their own accounts.…
Researchers discovered the vulnerability in an API already integrated into many bank systems, which could have defrauded millions of users by giving attackers access to their funds.