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Reports claim Anthropic engineers are helping the NSA use its restricted AI model Mythos, known for advanced cybersecurity capabilities. This week, the Financial Times reported that Anthropic has placed approximately six “forward-deployed” engineers inside the National Security Agency to help the intelligence agency use Mythos, its most capable cyber model, for offensive operations. Two people […]

The financial sector is adept at balancing risk and opportunity. Adversarial AI is its next big challenge Partner content From the use of ATMs to online banking, the financial services sector has always been at the forefront of technology. Now, it's leading the charge in AI. In their third annual survey of financial institutions the Bank of England and Financial Conduct Authority found 75% of companies already using AI with another 10% planning to do so over the next three years.…

Bank Info Security 1 year, 3 months ago

Fraud in Your Inbox: Email Is Still the Weakest Link

At-Bay Cyber Insurance Claims Report Finds 83% of Financial Fraud Starts With EmailFinancial fraud remains the leading driver of cyberinsurance claims, with 83% of cases traced back to email-based attacks. Common tactics used to deceive employees include wiring funds to fraudulent accounts, generative AI-crafted emails, executive and vendor impersonation and BEC scams.

Also: Zero-Days Affect Financial Markets, SailPoint IPO Signals Market TrendsIn this week's update, ISMG editors discussed the latest "Modern Bank Heists" report and the evolving threats to financial institutions, fallout from the U.S. Department of Government Efficiency's AI-driven government shake-up, and what SailPoint's IPO signals for the cybersecurity vendor market.