According to a recent webcast by the North American Electric Reliability Corporation (NERC), there's a concerning trend of increasing vulnerability to cyberattacks within the U.S. power grids. The number of potential weak points in both virtual and physical infrastructure is rising, with approximately 60 new susceptibilities identified each day. NERC executives noted that these vulnerabilities, which are areas in software or hardware prone to exploitation by cyber criminals, expanded from 21,000-22,000 at the close of 2022 to a range of 23,000-24,000 last year.
Source: AXA
A worldwide leader in insurance and asset management, AXA and AWS (Amazon Web Services) an Amazon.com, Inc. company (NASDAQ: AMZN), announced their intention to jointly develop and build AXA Digital Commercial Platform (DCP) and associated software services to enable next-generation risk management.
In a recent alarming development, the US Department of Health has issued a stern warning to hospitals across the nation about a new wave of cyber threats targeting their IT help desks. The advisory comes amidst growing concerns over the vulnerability of healthcare institutions to malicious cyber activities.
A consortium of seven central banks has partnered with the Bank for International Settlements (BIS) to delve into the potential of tokenization for facilitating cross-border payments.
In a landmark development, the United States and the United Kingdom have inked the inaugural international bilateral agreement aimed at regulating the potential risks associated with artificial intelligence (AI) models.
A report issued by the US Treasury has emphasized the imperative for banks to enhance their risk management frameworks to mitigate the growing threat posed by AI-driven fraudsters and cybercriminals.
According to a report from the BBC, the US Justice Department and FBI have revealed that millions of Americans' online accounts have been ensnared in what they describe as a "sinister" Chinese hacking scheme that specifically targeted US officials. The operation, which spanned 14 years, has led to charges against seven Chinese nationals accused of orchestrating the cyber-attack campaign.
Cybersecurity experts and insurance professionals are issuing warnings about the escalating utilization of artificial intelligence (AI) tools by cybercriminals and nation-state cyber operators.
