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
New York Times (October 14)
Recent events have undermined the sunny view of globalization that long dominated Western policy. It’s now apparent that despite global integration, there are still dangerous bad actors out there — and interdependence sometimes empowers these bad actors. But it also gives good actors ways to limit bad actors’ ability to do harm.
Tags: Bad actors, Dangerous, Empowers, Global integration, Globalization, Harm, Interdependence, Sunny view, Undermined, Western policy
Wall Street Journal (January 15)
Encryption and security protections “have significant social and public benefits.” These are becoming “more important as individuals store and transmit more personal information on their phones—including bank accounts and health records—amid increasing cyber-espionage.” The U.S. Attorney General wants Apple to provide law enforcement with a backdoor. It won’t and it shouldn’t. “Any special key that Apple created for the U.S. government to unlock iPhones would also be exploitable by bad actors.”
Tags: Apple, Backdoor, Bad actors, Bank accounts, Benefits, Cyber-espionage, Encryption, Exploitable, Health records, Law enforcement, Personal information, Phones, Security, U.S., Unlock
