Anthropic’s new artificial intelligence (AI) model Mythos poses a significant threat to the banking industry, as it could expose legacy systems to “unprecedented cyber risks,” Reuters reported Monday (April 13). Experts interviewed by Reuters said Mythos could power complex cyberattacks as it can identify cyber vulnerabilities as...
Global digital asset exchange Kraken is being extorted by a criminal group that is threatening to release videos of the company’s internal systems with client data shown if the firm does not comply with the group’s demands, Kraken Chief Security Officer Nick Percoco said in a Monday (April 13) post on...
In the escalating cybersecurity arms race, the enterprise’s most valuable asset may no longer be its defense perimeter but rather someone who knows how to talk to the hackers. With cybercrime and ransomware surging while bad actors become institutionalized, companies are now turning to a...
Watch more: Need to Know With WEX’s Eric Frankovic Embedded payments are altering how money moves through digital commerce, but the same design that removes friction for users also opens new entry points for fraud. As transactions become faster and more deeply integrated into platforms,...
OpenAI says there is no indication that a breach involving a third-party developer tool compromised user data. The artificial intelligence startup issued a statement Friday (April 10) saying the issue stemmed from an attack by a North Korea-linked group on developer tool Axios. The company...
A Treasury Department spokesperson confirmed Friday (April 10) that Treasury Secretary Scott Bessent convened a meeting with bank CEOs to address developments in artificial intelligence. Bloomberg had reported Thursday (April 9), citing unnamed sources, that the heads of the Treasury Department and the Federal Reserve held an “urgent” meeting with CEOs of major banks to...
Forget software patches and firewalls. The threat of physics itself is kicking off what is perhaps the most consequential cybersecurity arms race in the digital era. Quantum Day (Q-Day), the moment when commercially available quantum computers can break widely used cryptographic systems, is no longer...
The Treasury Department will provide eligible U.S. digital asset firms and industry organizations the same cybersecurity information it regularly shares with traditional U.S. financial institutions. This information will be shared at no cost with firms that meet Treasury’s criteria, the department’s Office of Cybersecurity and Critical Infrastructure...
Banks are learning that fraud defense is no longer just about stopping losses after the fact. The bigger shift in the latest data is that many institutions now see fraud prevention as part of protecting growth, customer trust and the ability to keep up with...