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Cybersecurity experts and insurance professionals are issuing warnings about the escalating utilization of artificial intelligence (AI) tools by cybercriminals and nation-state cyber operators.

Last month, a federal agency responsible for cybersecurity found itself targeted in a hacking incident, leading to the shutdown of two critical computer systems, according to a spokesperson for the agency and sources familiar with the matter speaking to CNN.

The Biden administration's latest fiscal blueprint, unveiled on Monday, doesn't present significant increases in cybersecurity funding, marking a departure from expectations within the cybersecurity community.

Source: Bank of Ireland

Bank of Ireland has announced an investment of €50 million on customer fraud prevention and protection.

Source: FS-Isac

FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, and Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, released new research on the surge of distributed denial-of-service (DDoS) attacks threatening the financial services sector and its customers.

A recent report by industrial cybersecurity firm Dragos Inc. reveals a 50% surge in ransomware attacks targeting the industrial sector in 2023. Titled "The Importance of Industrial Cybersecurity," the report stresses the vital role of cybersecurity in safeguarding industrial operations amid digital transformation.

Mortgage lending firm loanDepot reported a significant breach in which the personal information of nearly 17 million customers was compromised during a ransomware attack in January.

Source: BNY Mellon

BNY Mellon has appointed Gary Delaney as International Chief Information Security Officer (CISO).

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