Cybersecurity Institute News Roundup 14 Oct 2024

Cybersecurity Institute News Roundup 14 Oct 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. In this week’s roundup we cover how unwitting employees share company secrets with AI chatbots, DHS blocking 500+ ransomware attacks since 2021, synthetic identity fraud emerging as the top holiday shopping threat, the looming deadline of US ‘Real ID’ compliance,? and cyber best practices for financial institutions.

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A recent National Cybersecurity Alliance survey reveals 38% of employees share sensitive company information with AI tools without employer permission:

https://www.pymnts.com/artificial-intelligence-2/2024/ai-chatbots-could-be-a-trojan-horse-in-the-office/

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Homeland Security Investigations (HSI), part of the US Department of Homeland Security (DHS), has prevented 537 attacks since 2021 including 150 within the past year and seized billions in cryptocurrency in the process:

https://www.pymnts.com/news/security-and-risk/2024/homeland-security-blocked-500-plus-ransomware-attacks-since-2021/

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With an anticipated 16% year-over-year lift in holiday spending, fraud is expected to uptick too. Most notably synthetic identity fraud with an average transaction value nine plus times greater than other types of payment fraud:

https://finance.yahoo.com/news/global-holiday-season-spending-expected-130000552.html

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Established in the wake of 9/11, the US federal Real ID Act provides minimum security standards for state driver licenses and identity cards. With the May 7th, 2025, compliance deadline looming, there is still a lot of work to be done – 34 states report less than 60% compliance, while 22 states have rates below 40%:

https://www.pymnts.com/identity/2024/the-real-id-race-can-businesses-meet-the-compliance-challenge/

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Financial services is a perennial cyberattack target. From strong access controls to encryption and beyond, here is a primer for financial institutions seeking to improve their cyber-risk posture:

https://www.forbes.com/councils/forbesfinancecouncil/2024/10/07/10-steps-to-enhance-your-financial-services-cybersecurity-posture/

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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?

Vishaall Aggrawal

Chief Growth Officer / Brand Visionary / Marketing Alchemist / Customer Whisperer /

1 个月

This is a highly informative roundup of critical cybersecurity news, Entrust!?The insights on employees sharing sensitive data with AI chatbots and the rise of synthetic identity fraud are particularly alarming.?It underscores the urgent need for increased awareness and robust security measures.?Thanks for highlighting these crucial issues and providing valuable resources for staying informed.?#Cybersecurity #DataPrivacy #AI #FraudPrevention #RealID #FinancialSecurity

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