BankInfoSecurity.com reported “Google reached a preliminary settlement in a class action lawsuit that alleged the tech giant had misled consumers about their privacy protections when using the private browsing Incognito mode of its Chrome web browser.” The December 28, 2023 article entitled ” Google to Settle $5B ‘Incognito Mode’ Privacy
Continue Reading Google mediates a settlement in a 4 year old class action Privacy Protection lawsuit!
BankInfoSecurity.com reported that “In its annual report, the Financial Stability Oversight Council – a team made up mostly of financial regulators and chaired by the secretary of the Department of the Treasury – highlighted AI’s potential to spur innovation but flagged its ability to introduce “certain risks.” “. The December 18
Continue Reading Watch out! AI is a risk to financial systems!
GovInfoSecurity.com reported that “European lawmakers and officials announced a compromise late Friday over a regulation on artificial intelligence in the works since 2021, making the trading bloc first in the world to comprehensively regulate the nascent technology.” The December 8, 2023 report entitled “Europe Reaches Deal on AI Act, Marking
Continue Reading What do you think of the new EU AI Act?
BankInfoSecurity.com reported that “Hospitality giant Indian Hotels said it’s probing the alleged theft of sensitive data from its systems after a criminal claimed to have stolen data pertaining to 1.5 million customers.” The November 24, 2023 report entitled “Indian Hotels Probes Alleged Customer Data Breach” (https://www.bankinfosecurity.com/indian-hotels-probes-alleged-customer-data-breach-a-23687?rf=2023-11-27_ENEWS_SUB_BIS__Slot1_ART23687&mkt_tok=MDUxLVpYSS0yMzcAAAGPsIVP_eqUjGouubODdT5r8DjwgT471B0YThRmNSqyB3-BMZiLaRRjivUCRnVrgE9MW3fea7yzDHEnVwXkSk1EVtQI3VNYOxjM0oV63fddwmqKEtZOCw) included these
Continue Reading Anyone Surprised to Hear 1.5M Hotel Customers’ Data was Stolen!
BankInfoSecurity.com reported that “The notorious BlackCat ransomware group tattled to U.S. federal regulators about an alleged victim not disclosing a material cyberattack within four business days.” The November 16, 2023 article entitled “BlackCat Gang Tattles to SEC About Victim Not Disclosing Breach” (https://www.bankinfosecurity.com/blackcat-gang-tattles-to-sec-about-victim-disclosing-breach-a-23611?rf=2023-11-17_ENEWS_SUB_BIS__Slot1_ART23611&mkt_tok=MDUxLVpYSS0yMzcAAAGPfO8qfBRKXpKKhl9uvOhaGZ8RHOMe7Jr3fnHnF8s0ca0pBaJ9np6bb_K1s597087s60t6mmROrPdxgHBfG2CY-QUlifWhx-Dt43tBOlbOiOM9ykvv1w) included these comments:
The ransomware
Continue Reading WOW! Ransomware Gang BlackCat Tattles to the SEC!
Computerworld.com reported that “in 2015 New York Life Insurance Co. began building up a data science team to investigate the use of predictive models to improve efficiency and increase productivity.” The November 14, 2023 article entitled “Q&A: NY Life exec says AI will reboot hiring, training, change management” (https://www.computerworld.com/article/3710208/qa-ny-life-exec-says-ai-will-reboot-hiring-training-change-management.html
Continue Reading AI has already changed hiring, training, & change management!
CIO.com reported that “IBM’s third-quarter earnings were boosted by enterprises’ interest in generative AI, which drove up its software and consulting revenue.” The October 26, 2023 article entitled “IBM bets on generative AI to escape economic headwinds” (https://www.cio.com/article/657278/ibm-bets-on-generative-ai-to-escape-economic-headwinds.html) included these comments IBM CEO Arvind Krishna since IBM has
Continue Reading No surprise that IBM is betting on watson AI (generative AI)!The Federal Trade Commission reported that it has “submitted two reports to Congress detailing the agency’s efforts to combat cross-border fraud through the U.S. SAFE WEB Act and work contributing to the fight against ransomware and other cyber attacks that originate outside the United States.” The October 20, 2023 Press
Continue Reading Can the FTC really combat Cross-Border Fraud and Ransomware?
DarkReading.com reported “Most security teams can benefit from integrating artificial intelligence (AI) and machine learning (ML) into their daily workflow. These teams are often understaffed and overwhelmed by false positives and noisy alerts, which can drown out the signal of genuine threats.” The September 28, 2023 article entitled “Looking Beyond
Continue Reading Maybe AI & ML are not really working in Cybersecurity!
GovInfoSecurity.com reported that “Cybersecurity experts urged Congress to avoid a government shutdown on Oct. 1 – the start of the new federal fiscal year – telling a House panel that a lapse would damage efforts to keep the nation secure.” The September 19, 2023 article entitled ” Cyber Experts Urge
Continue Reading Cyberattack imminent with a Federal shutdown?