The U.S. government's federal chief information security officer, Chris DeRusha, has cautioned federal agencies to exercise prudence when delving into the realm of generative artificial intelligence (AI). Speaking at a FAIR Institute conference of cybersecurity and risk managers, DeRusha emphasized the need to address risks associated with this technology before wholeheartedly embracing it.
As technology weaves itself into the fabric of modern business operations, the ever-evolving landscape of risks poses an ongoing challenge. The findings of the 11th annual Global Technology Audit Risks Survey, conducted by Protiviti in collaboration with The Institute of Internal Auditors (IIA), shed light on the pressing concerns occupying the minds of IT auditors and technology professionals.
Britain's financial watchdog, the Financial Conduct Authority (FCA), has imposed an £11 million ($13.4 million) fine on Equifax Ltd, the consumer credit rating company, for its role in one of the most significant cybersecurity breaches in history.
Genetics test-kit company 23andMe is now grappling with a class action lawsuit in the wake of a recent data breach. The plaintiffs argue that 23andMe's notification regarding the breach was inadequate, failing to provide essential information, including details about the containment of the threat and the breach's root cause.
In a troubling déjà vu for Spanish airline Air Europa, the company has fallen victim to yet another cyberattack, this time targeting its online payment system. The breach has resulted in the exposure of customers' credit card details, raising concerns over the airline's cybersecurity protocols and the safety of sensitive customer information.
MGM Resorts, a major hospitality and entertainment company, has disclosed that a recent cyberattack, which occurred in September 2023, cost the company a staggering $100 million. This attack also resulted in the theft of customers' personal information, sparking concerns about data privacy and security.
In today's digitally driven world, where businesses have become increasingly reliant on technology to streamline operations and serve customers, cybersecurity stands as a towering concern. As organizations embrace technological advancements, cybercriminals, ever the opportunists, are continuously seeking ways to exploit these innovations for personal gain.