After learning about the cyber capabilities of frontier artificial intelligence models, a higher percentage of organizations plan to increase their security spending, IBM said in a July 29 press release. The share of organizations planning to increase security spending rose to 85% in May, up...
The Department of Justice’s National Fraud Enforcement Division, which was created earlier this year, will have about 500 attorneys by Aug. 24 and will continue growing after that, according to a memo released Thursday (Aug. 13). In the memo about the National Fraud Enforcement Division’s...
A healthcare nonprofit group focused on responsible artificial intelligence is turning its attention to cybersecurity. The Coalition for Health AI (CHAI) announced Wednesday (Aug. 12) the formation of its Health AI Cybersecurity Work Group, aimed giving healthcare organizations what it calls “the sector’s first practical, peer-developed guidance on frontier...
Artificial intelligence (AI) is no longer just helping cybersecurity teams find suspicious activity. It is starting to find vulnerabilities, test attack paths and, in some cases, act in ways that stretch the limits of the systems built to contain it. A clear directional signal for...
Finance and payments are gearing up for a new future. And they’re spending big to do so. During the first half of the year, the cybersecurity industry recorded over 215 mergers and acquisitions (M&A) collectively worth over a hundred billion dollars. But the more consequential...
The government is now looking at the numbers behind healthcare growth. The U.S. Justice Department (DOJ) has made advanced data analytics central to its healthcare fraud strategy, using claims and payment information to identify providers, billing patterns and entire categories of medical spending that diverge...
Faster payments can feel like a victory lap until fraud reaches the finish line first. Businesses want money to move in seconds, but their defenses often need far more time to catch up. “Payment Protection: Why Firms Still Aren’t Real-Time Ready” was produced by PYMNTS...
Impersonation scammers reportedly have a new target: people afraid of being punished for missing jury duty. As The Wall Street Journal (WSJ) reported Sunday (Aug. 9), these scams have surged in the Tampa area. In just one county, authorities have gotten 44 reports of the...
Levi Strauss & Co. has disclosed that an unauthorized third party accessed company files through a social engineering scam, according to the company’s Friday (Aug. 7) filing with the Securities and Exchange Commission. The jeans and apparel company said in the filing that it recently detected that it “experienced a cybersecurity...