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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Crooks created a new tool that uses Artificial Intelligence (AI) for creating fraudulent invoices used for wire fraud and BEC. These posts introduced a new tool that incorporates Artificial Intelligence (AI) for creating fraudulent invoices used for wire fraud and Business E-Mail Compromise (BEC).

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LRQA Nettitude’s Approach to Artificial Intelligence

LRQA Nettitude Labs

Guidance : Guidance will be required on governance mechanisms including, potentially, activities in scope of appropriate risk management and governance processes (including reporting duties). Just recently, the UK government has been setting out its strategic vision to make the UK at the forefront of AI technology.

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Cybersecurity Event Cancelled After Being Hit By Cybercriminals

Joseph Steinberg

An online cybersecurity event with 2,500 people already logged in had to be cancelled after suspected cybercriminals launched a social engineering attack in the event’s chat window.

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AI likely to boost ransomware, warns government body

Malwarebytes

The British National Cyber Security Centre (NCSC) says it expects Artificial Intelligence (AI) to heighten the global ransomware threat. Reconnaissance and social engineering are specific fields where AI can be deployed. AI will help to improve existing tactics, techniques, and procedures (TTPs).

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GUEST ESSAY: The rise of ‘PhaaS’ — and a roadmap to mitigate ‘Phishing-as-a-Service’

The Last Watchdog

Phishing is one of the most common social engineering tactics cybercriminals use to target their victims. Popular examples include artificial intelligence-as-a-service (AIaaS), software-as-a-service (SaaS) and infrastructure-as-a-service (IaaS). Related: Utilizing humans as security sensors. Leverage security software.

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The AI Takeover: Cybersecurity Tool or Terminator?

Security Boulevard

After a slow build over the past decade, new capabilities of artificial intelligence (AI) and chatbots are starting to make waves across a variety of industries. The post The AI Takeover: Cybersecurity Tool or Terminator?

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Ethics in AI: The Missing Code

Security Boulevard

As part of its push toward artificial intelligence, Microsoft laid off more than 10,000 employees and spent billions on acquiring AI tech. Among those laid off were the seven-member team in their Office of Responsible AI.