Cybersecurity Institute News Roundup 11 June 2024

Welcome to this week’s Cybersecurity Institute News Roundup, a weekly overview of the some of the most interesting news and articles that have caught our attention recently from across the cybersecurity industry. This week’s roundup looks at the need for increased cybersecurity vigilance at the upcoming Paris Summer Olympics, NIST’s new program to analyze real world AI risks arising from human interaction, how Swift is tapping banking giants and AI to tackle cross-border payment fraud, and why AI-powered attacks are fueling the need for Zero Trust:

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With Russian athletes banned from the upcoming Paris Summer Olympics, cybersecurity experts are advising increased vigilance of Russian threat actors and tactics:

https://www.inforisktoday.com/russian-cyberthreat-looms-over-paris-olympics-a-25402

https://www.techrepublic.com/article/cyber-attackers-target-paris-olympic-games/

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As well as global events like the Olympics, certain verticals are coming under increased attack from cybercriminals, such as the healthcare industry as highlighted in this article and brought into sharp focus by the recent ransomware attack on the NHS in the UK, which has led to cancelled operations, an inability to carry out blood transfusions, and many practices going back to paper records:

https://www.securityinfowatch.com/cybersecurity/article/55056302/the-healthcare-industry-is-a-prime-target-for-identity-based-cyberattacks

https://www.bbc.com/news/articles/c2eeg9gygyno

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NIST has introduced the Assessing Risks and Impacts of AI (ARIA) program to evaluate what happens when people interact with AI in everyday scenarios to better understand implications for the validity, reliability, safety, security, privacy, and fairness of AI models:

https://www.biometricupdate.com/202406/nist-introduces-program-to-analyze-real-world-ai-risks

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Swift is launching a pair of AI-based experiments to help its member banks including BNY Mellon, Deutsche Bank, and HSBC recognize cross-border payment fraud:

https://www.pymnts.com/news/artificial-intelligence/2024/swift-uses-ai-battle-cross-border-payment-fraud

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And finally, our own advisor for the Cybersecurity Institute, Jenn Markey, has written about how AI-powered attacks simultaneously increase the scale of personalized attacks and reduce the skill level required. Adopting a Zero Trust strategy helps level the playing field for organizations of all shapes and sizes:

https://www.helpnetsecurity.com/2024/06/05/jenn-markey-entrust-enterprise-wide-zero-trust-strategy/

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Be sure to share your thoughts on these stories in the comments and let us know what articles have caught your eye recently?