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
LA Times (October 23)
Lurid Downloader “has been systematically and silently stealing data from carefully targeted government computers in 61 countries.” Advanced persistent threats (APTs), such as Lurid Downloader, are “the latest trend in cyberattacks.” Because the Internet was designed to be open, it is now creating massive risk as so much vital infrastructure and communication depends on it. “As modern society leans ever more heavily on the Internet…, its fragility becomes an ever greater concern.” Unfortunately, the “only answer to the persistent problem of malware may be to rebuild the Internet from scratch.”
Tags: APTs, Cyberattack, Internet, Malware, Risk
