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Cybersecurity Chiefs Navigate AI Risks and Potential Rewards
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Hello. Security chiefs say the benefits of artificial intelligence in general are clear but both the promises and risks of early generative AI tools, such as OpenAI's ChatGPT, are overblown.
In other words, it's not time to panic about hackers wielding ChatGPT to run away with your company's most valuable information. Nor will tacking a ChatGPT interface onto cyber tools transform your security strategy. Read more about what your cyber peers have found in early experiments.
More news below.
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CONTENT FROM OUR SPONSOR: Netscout
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How to Enable the Unstoppable Enterprise
The ability to maintain an unstoppable enterprise is largely tied to the digitally transformed modern enterprise environments that keep applications running and quality end-user experience high. And, in a blink of an eye, all of these can easily come to a screeching halt if their modern digital IT environment experiences a performance or security incident.
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PHOTO: LAUREN HURLEY/ZUMA PRESS
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Debt collector hacked: Trevose, Pa.-based NCB Management Services, which collects consumer debt across the U.S. for banks, retailers, car companies and others, said the personal information of 1,087,842 people was accessed by a network intruder in February. At-risk data includes payment card details and account numbers.
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"NCB has obtained assurances that the unauthorized third party no longer has access to any of NCB’s data," the company said in a letter to consumers, without providing details.
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Lobbying for a prisoner swap: A Russian citizen facing U.S. money-laundering charges is mounting a campaign to be included in any prisoner exchange between the two countries that could free detained Wall Street Journal reporter Evan Gershkovich. U.S. officials charged Alexander Vinnik, co-founder of a popular bitcoin exchange, in a 21-count indictment, saying that he ran a money-laundering operation through BTC-e. They said the exchange was popular with Russian criminals
and used to facilitate ransomware extortions and identity-theft schemes, as well as narcotics distribution. Vinnik has pleaded not guilty. (WSJ)
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We have a great line-up for our virtual conference May 31, including:
Gene Sun, global CISO at FedEx
David Reber, CSO at Nvidia
Kristy Littman, former crypto assets & cyber unit chief at the SEC
Dominique Shelton Leipzig, partner in cybersecurity & data privacy at Mayer Brown
Lynn Haaland, chief compliance, ethics and privacy officer at Zoom
And many more!
Click here to register for the WSJ Pro Cybersecurity Forum
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Chinese hackers aim to hinder U.S. communications by compromising systems in Guam, Microsoft says. The hacking group, which Microsoft researchers said in a new report Wednesday is backed by the Chinese government, has been gathering intelligence about maritime, transportation and government systems since mid-2021 to use during a crisis between the two countries. (CNN)
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Protect those backup files: Ransomware hackers lurk in corporate networks for weeks or months before setting off their malware. Why? Often, they look for backup systems to encrypt along with any production data and daily operations systems. According to new research from cyber company Veeam, in 93% of ransomware strikes, hackers go for backups.
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