Latest cybersecurity reporting from selected sources.

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.…

CISOs Grapple With AI Blind Spots, Excessive Permissions and Governance IssuesMachine identities continue to multiply as organizations push automation, cloud services and AI-driven initiatives deeper into core operations. This rapid growth creates new vulnerabilities, especially when non-human identities lack governance or are completely invisible to security teams.

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

New Malware SoumniBot Exploiting Legitimate Android ProcessA new banking Trojan is targeting Korean users using obfuscation techniques that target the Android manifest, exploit vulnerabilities and take advantage of weaknesses in how Android apps interpret this file. SoumniBot stands out for its approach to camouflaging its malicious intent.

New Malware SoumniBot Exploiting Legitimate Android ProcessA new banking Trojan is targeting Korean users using obfuscation techniques that target the Android manifest, exploit vulnerabilities and take advantage of weaknesses in how Android apps interpret this file. SoumniBot stands out for its approach to camouflaging its malicious intent.

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

A senior research scientist at Google has devised new CPU attacks to exploit a vulnerability dubbed Downfall that affects multiple Intel microprocessor families and allows stealing passwords, encryption keys, and private data like emails, messages, or banking info from users that share the same computer. [...]

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

We look into a recent attack orchestrated by the Black Basta ransomware ransomware group that used the banking trojan QakBot as a means of entry and movement and took advantage of the PrintNightmare vulnerability to perform privileged file operations.

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.