Cybersecurity Institute News Roundup 18 Nov 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 dig into how bad actors are preparing for Donald Trump’s second term, and how the tech industry is expecting him to undo the AI executive order. We also cover the UK’s AI Safety Bill, an alert from FinCEN for financial institutions on detecting deepfake identity frauds created with generative AI, an alert from the FBI that US companies need to be wary of emergency data requests, and the order from the US government to TSMC to halt shipments of AI chips to China.
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Cyber experts predict intensified Russian cyberattacks and increased AI-powered disinformation campaigns during Donald Trump’s second term:
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Trump also seem set on repealing Biden's AI Executive Order, which focuses on safety and accountability, aiming instead to accelerate AI innovation with fewer regulations. Supporters like Elon Musk endorse this approach, citing competitiveness with countries like China. Critics, however, warn that reducing oversight could increase privacy risks, algorithmic bias, and security vulnerabilities, while also creating a fragmented regulatory landscape across states:
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At the same time, UK science secretary Peter Kyle confirmed that the AI Safety Bill will be introduced to Parliament in the next year. Kyle also spoke of the Department’s plans to invest in infrastructure to support the growth of the AI sector and committed to providing further updates on sovereign compute capacity and general compute capacity in the UK:
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The Financial Crimes Enforcement Network (FinCEN) issued an alert for financial institutions on detecting deepfake identity frauds created with generative AI. Over the past two years, reports of such fraud have increased, particularly during account openings. Indicators include inconsistencies in identity documents, failure to authenticate identity details, or mismatches between documents and customer profiles. FinCEN recommends vigilance and re-review processes to mitigate risks:
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The FBI has issued an alert that bad actors are using compromised government email addresses to send fraudulent emergency data requests that bypass the need for due process including the requirement for an official court-ordered warrant or subpoena:
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With escalating tensions between the US and China, the US Commerce Department has ordered TSMC to stop shipments of AI chips to China, notably 7nm or more advanced designs that power AI accelerator and graphics processing units:
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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?
worked as a "Deputy director 242"
3 天前Right sir thanks, miss you every one
Cybersecurity & SaaS Specialist | Business Development & Growth Strategies | Protection and Expansion for SMEs |ISO 27001|
3 天前Particularly alarming is the rise in deepfake identity fraud and emergency data request scams,clear indicators of how adversaries are leveraging advanced tech for malicious purposes. These developments remind us of the importance of vigilance, collaboration, and forward-thinking strategies in safeguarding our digital ecosystems. Entrust