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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Crooks created a new tool that uses Artificial Intelligence (AI) for creating fraudulent invoices used for wire fraud and BEC. Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams.

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How data poisoning is used to trick fraud detection algorithms on ecommerce sites

CyberSecurity Insiders

Artificial intelligence (AI) and machine learning (ML) systems have become the norm for using client data to provide recommendations to customers. The post How data poisoning is used to trick fraud detection algorithms on ecommerce sites appeared first on Cybersecurity Insiders. Read full post.

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Security Affairs newsletter Round 252

Security Affairs

5 Ways artificial intelligence Is Being Used to Keep Sensitive Information Secure. Uncovering New Magecart Implant Attacking eCommerce. Unsigned Firmware running on peripherals could expose Windows, Linux systems to hack. DRBControl cyber-espionage group targets gambling, betting companies.

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Memcyco Raises $10M To Deliver Real-Time Brandjacking Protection

CyberSecurity Insiders

PoSA uses artificial intelligence to study behavioral patterns in order to identify and alert organizations when irregular activity occurs. Memcyco’s leadership team is fully committed to protecting banks, eCommerce and other customers whose businesses depend on the trust and goodwill of their customers.

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Have board directors any liability for a cyberattack against their company?

Security Affairs

If encrypted data cannot be restored, the production line, stores, eCommerce sites, and all business operations are brought to a standstill, and there may even be a problem with the reliability of the company’s balance sheet, not to mention the possible reputational damages that can lead to loss of customers. Pierluigi Paganini.

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Analytics Insight Recognizes ‘40 Under 40 Innovators’ in 2021

CyberSecurity Insiders

The list includes entrepreneurs, C-level executives, pioneers, and innovators who are working to streamline artificial intelligence, cybersecurity, machine learning, IoT, AR/VR, big data analytics, NLP, cloud computing, computer vision, intelligent automation, and many others.

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Socure Brings on Top Identity Fraud and Cybersecurity Executive Gary Sevounts as Chief Marketing Officer

CyberSecurity Insiders

Its predictive analytics platform applies artificial intelligence and machine-learning techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real time.