American Banker (August 9)
“Bad actors, unconfined by ethical boundaries, recently released two large language models designed to help fraudsters write phishing prompts and hackers write malware.” In the future, “banks and other companies may need to contend” with novel threats “as fraudsters master the use of large language models.” Companies will also need to consider many risks “when building and deploying their own large language models: theft of models; leaks of information (such as investing advice or personal transaction histories) by model outputs: and manipulation of models by poisoned data (such as open-source data that a malicious actor has intentionally manipulated to be inaccurate).”
Tags: Bad actors, Banks, Ethical boundaries, Fraudsters, Hackers, Investing, Large language models, Malware, Manipulation, Phishing, Risks, Theft, Threats, Transaction
Washington Post (September 16)
“In the era of cyberwarfare that’s now dawning, the rules of the game haven’t yet been established…. That’s why this period of Russian-American relations is so tricky. The strategic framework that could provide stability hasn’t been set,” but with recent encroachments “Russian hackers appear to be pushing the limits.”
Tags: Cyberwarfare, Hackers, Limits, Rules, Russia, Stability, Strategic framework, U.S.
Institutional Investor (March 21)
“The Internet and all its mixed blessings are currently in full flower with the Internet of Things (IoT).” Connected things are forecast to grow by 30% this year and by 2020, there will probably be over 20 billion things connected to the Internet. “The pressing question: Is the IoT floor too far along for security to be, as technologists like to say, baked in?” To hackers, the IoT represents the ultimate honeypot” and already a significant share of botnet attacks are taking place not on PCs, but from connected things. “Welcome to the insecurity of things.”
LA Times (April 5)
“Cybersecurity is a top national priority because of the incessant attacks on computer networks and stored data by hackers around the world, many under the auspices of foreign governments. According to a recent estimate, the toll from cybercrimes in 2013 was more than $100 billion in the U.S. and roughly half a trillion dollars globally.”
Tags: Attacks, Cybersecurity, Data, Foreign governments, Hackers, Networks, Priority, U.S.
