Companies face growing risks from budget-friendly Chinese AI models in their operations https://etimg.etb2bimg.com/thumb/msid-134955421,imgsize-1697544,width-1200,height=627,overlay-etciso,resizemode-75/vulnerabilities-exploits/companies-face-growing-risks-from-budget-friendly-chinese-ai-models-in-their-operations.jpg Companies turning to low-cost Chinese artificial intelligence (AI) models are exposing themselves to serious digital vulnerabilities, OpenAI chief financial officer (CFO) Sarah Friar warned on Wednesday (October 14), urging organisations to rely on Western-developed platforms for critical operations. Speaking to Bloomberg at the International AI Summit in ...
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Guardrails, safe architecture key to unlocking AI gains for enterprises
Guardrails, safe architecture key to unlocking AI gains for enterprises https://etimg.etb2bimg.com/thumb/msid-134881060,imgsize-1504513,width-1200,height=627,overlay-etciso,resizemode-75/corporate/guardrails-safe-architecture-key-to-unlocking-ai-gains-for-enterprises.jpg The architecture and methodologies for safely deploying Artificial Intelligence will continue to evolve, as was the case with previous technologies, and adequate guardrails will pave the way to unlock strong productivity gains from AI, Airtel Business CEO Sharat Sinha said. On the government’s plan to soon release a consultation ...
Read More »Asos opens investigation into potential customer data breach amid issues with third-party platforms
Asos opens investigation into potential customer data breach amid issues with third-party platforms https://etimg.etb2bimg.com/thumb/msid-134754019,imgsize-856466,width-1200,height=627,overlay-etciso,resizemode-75/data-breaches/asos-opens-investigation-into-potential-customer-data-breach-amid-issues-with-third-party-platforms.jpg UK online fashion giant Asos said Tuesday it was investigating “unauthorised activity involving third-party platforms” after its customers received a phone alert saying the retailer had been hacked. Asos, which has 17 million active customers worldwide, said personal information like names and contact details “may have ...
Read More »Hackers can target your wealth adviser’s WhatsApp: How to protect your money
Hackers can target your wealth adviser’s WhatsApp: How to protect your money https://etimg.etb2bimg.com/thumb/msid-134683982,imgsize-1488575,width-1200,height=627,overlay-etciso,resizemode-75/cybercrime-fraud/hackers-can-target-your-wealth-advisers-whatsapp-how-to-protect-your-money.jpg The message looked routine. A financial firm’s WhatsApp account had sent what appeared to be an important document to team members, asking them to open it on their computers, not their phones. The sender’s name was familiar. Across India, financial advisers and wealth managers have been encountering ...
Read More »55% of Indian industrial firms see cybersecurity as major growth obstacle
55% of Indian industrial firms see cybersecurity as major growth obstacle https://etimg.etb2bimg.com/thumb/msid-134535860,imgsize-1759947,width-1200,height=627,overlay-etciso,resizemode-75/ot-security/55-of-indian-industrial-firms-see-cybersecurity-as-major-growth-obstacle.jpg More than half of Indian industrial organisations surveyed identify cybersecurity risks as one of the biggest external obstacles to growth, according to a global study by Rockwell Automation said on Monday. The study, Operational Resilience in the Age of Connectivity, found that 55 per cent of Indian respondents ...
Read More »Cybersecurity alert: Banks face rising risks in tech stacks, sparking fears of fraud and data breaches
Cybersecurity alert: Banks face rising risks in tech stacks, sparking fears of fraud and data breaches https://etimg.etb2bimg.com/thumb/msid-134460011,imgsize-1595080,width-1200,height=627,overlay-etciso,resizemode-75/corporate/cybersecurity-alert-banks-face-rising-risks-in-tech-stacks-sparking-fears-of-fraud-and-data-breaches.jpg Technology is no longer just an enabler for banks but is becoming the very architecture through which their risks are created and managed, RBI Deputy Governor Rohit Jain said on Thursday, warning that a failure in a critical technology system can disrupt essential ...
Read More »Major book publisher suffers €20 million ransomware attack
Major book publisher suffers €20 million ransomware attack https://etimg.etb2bimg.com/thumb/msid-133640964,imgsize-1225669,width-1200,height=627,overlay-etciso,resizemode-75/cybercrime-fraud/major-book-publisher-suffers-20-million-ransomware-attack.jpg A book publishing house sought the assistance of Hyderabad cybercrime police after its systems were allegedly hijacked by unknown hackers, who demanded a ransom of €20 million. Police said the company’s employees detected unauthorised encryption of business data on the night of Aug 27. The compromised systems displayed a ransom demand ...
Read More »As AI agents go rogue, cyber insurers are adapting their policies
As AI agents go rogue, cyber insurers are adapting their policies https://etimg.etb2bimg.com/thumb/msid-133602734,imgsize-1511021,width-1200,height=627,overlay-etciso,resizemode-75/corporate/as-ai-agents-go-rogue-cyber-insurers-are-adapting-their-policies.jpg Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their policies. Leading AI developers OpenAI, Anthropic and Meta Platforms recently disclosed that their AI agents behaved ...
Read More »ATF computer system breached by ransomware group, sensitive law enforcement data at risk
ATF computer system breached by ransomware group, sensitive law enforcement data at risk https://etimg.etb2bimg.com/thumb/msid-133602773,imgsize-704318,width-1200,height=627,overlay-etciso,resizemode-75/data-breaches/atf-computer-system-breached-by-ransomware-group-sensitive-law-enforcement-data-at-risk.jpg A ransomware group gained access to a computer system containing information about targets of investigations by the Bureau of Alcohol, Tobacco, Firearms and Explosives, a spokesperson for the U.S. agency said after a hacking group publicized a claimed breach on Wednesday. Tanya Roman, a spokesperson for ...
Read More »Major tech companies call for defensive surge to defeat AI-driven hacks
Major tech companies call for defensive surge to defeat AI-driven hacks https://etimg.etb2bimg.com/thumb/msid-133581924,imgsize-1376724,width-1200,height=627,overlay-etciso,resizemode-75/corporate/major-tech-companies-call-for-defensive-surge-to-defeat-ai-driven-hacks.jpg Major tech companies including OpenAI, Anthropic, Microsoft, Alphabet, and Amazon are calling for a society-wide defensive surge to defeat what they describe as an impending wave of hacks driven by artificial intelligence. In a joint letter issued Thursday, the companies — along with more than 100 others including ...
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