Ian Barker

How AI is weaponized for cyberattacks

A new report from Abnormal Security highlights real-world examples of how AI is being used to carry out cyberattacks.

Generative AI allows scammers to craft unique email content, making detection that relies on matching known malicious text strings infinitely more difficult.

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PSD3, Banking-as-a-Service and fewer passwords -- fintech predictions for 2024

In recent years, the financial sector has seen some of the biggest changes in the way technology is used. New regulations and disruptive technologies like blockchain, along with the rise of open banking, have seen traditional players scrambling to keep up with more agile newcomers.

So what does the fintech sector have in store in 2024? Here are the views of some industry experts.

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Use of distributed cloud expected to rise over the next year

developer

Both developers and decision makers are seeing a shift in the market towards a more decentralized cloud, according to new research.

The study from Akamai, in partnership with ClearPath Strategies and SlashData shows 55 percent of developers already actively work on distributed cloud architectures, 87 percent of ITDMs expect their use of the distributed cloud to increase over the next 12 months.

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What is open source silicon root of trust? [Q&A]

You may have come across the term 'root of trust', it’s a source, such as a hardware module, that can always be trusted within a cryptographic system. The system trusts the keys and other cryptographic information it receives from the root of trust module as always authentic and authorized.

Mostly this involves being tied into a specific vendor, but OpenTitan has developed an open source silicon root of trust for use in for use in data center servers, storage, peripherals, and more.

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Majority of cyberattacks delivered over encrypted channels

In total, 86 percent of all cyber threats, including malware, ransomware, and phishing attacks, are delivered over encrypted channels, according to a new report.

The study from Zscaler also shows threats over HTTPS grew by 24 percent from 2022, underscoring the sophisticated nature of cybercriminal tactics that target encrypted channels.

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Mobile app developers turn to AI for testing

The use of AI tools for mobile app development and testing is growing, and developers and testers are keen to further expand the use of these tools, according to a new report.

The study from Kobiton finds 60 of respondents say they are currently using generative AI tools in their QA cycles to update scripts or code, 55 percent are using these tools to analyze test results, and 47 percent are using them to generate test scripts.

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How to build a successful data lakehouse strategy [Q&A]

The data lakehouse has captured the imagination of modern enterprises looking to streamline their architectures, reduce cost and assist in the governance of self-service analytics.

From data mesh support to providing a unified access layer for analytics and data modernisation for the hybrid cloud, it offers plenty of business cases, but many organizations are unsure where to start building one.

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Banking apps targeted by multiple malware families

bank access

New research from mobile security platform Zimperium has uncovered 29 malware families targeting 1,800 banking applications across 61 countries in the last year.

US banking institutions remain by far the most targeted by financially motivated threat actors. There were 109 US banks targeted by banking malware in 2023, compared to the next most targeted countries which were the UK (48) and Italy (44). The report also noted that trojans are evolving beyond simple banking apps to target cryptocurrency, social media, and messaging apps.

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Bitdefender launches free AI-powered scam detector

We know that fraud is on the increase and by their very nature scams can be hard to spot because… Well because they're scams.

Step forward Bitdefender with the launch of a new, free scam detection service designed to help users verify fraudulent online schemes delivered by email, embedded links, text, and instant messaging through collaboration with a chatbot powered by artificial intelligence.

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Public sector embraces AI but trust still an issue

A new report shows that 79 percent of public sector organizations have started to use AI in production (compared to 83 percent in the private sector) but that trust remains a major concern.

The study, from enterprise resilience platform Splunk, shows trust and reliability in AI-enabled systems -- particularly around cybersecurity tools that employ AI -- continue to be the main concerns for decision-makers (48 percent public, 36 percent private).

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Retail fraud up 700 percent for the holiday shopping season

As we enter the busiest period of the year for retail sales, there's less than cheery news that scraping, loyalty card fraud and payment card fraud have increased by a collective average of over 700 percent as attackers lay the groundwork for holiday sale attacks ahead of retailer security crackdowns.

A new report from Cequence Security finds threat actors are evolving their tactics, opting for a more nuanced approach that spreads attacks across a broader timeframe to blend in with legitimate traffic and evade detection ahead of peak holiday shopping times.

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Top three vulnerabilities of 2023 not covered by CVEs

As we approach the end of the year, a new report from Detectify shows that none of the top three vulnerabilities found across all industries in 2023 were covered by a CVE.

What's more, 75 percent of the total vulnerabilities regularly scanned by Detectify, primarily crowdsourced from its community of ethical hackers, don't have a CVE assigned. This suggests that over-reliance on frameworks like the CVE program can weaken an organization's security posture and give it an unrealistic sense of security.

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Why open source is key to modernizing the enterprise -- without ditching the mainframe [Q&A]

Many large enterprises still rely heavily on mainframes to offer a reliable and secure basis for their systems.

But as digital transformation efforts gain pace, developers are eyeing frameworks that can boost their modernization efforts. We spoke to Phil Buckellew, president of infrastructure modernization at Rocket Software, to find out how open source software can bridge the divide between modern applications and mission-critical mainframe infrastructure.

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Almost 90 percent say they're prepared for password-based attacks -- but half still fall for them

A new report from Axiad shows that 88 percent of IT professionals feel their company is prepared to defend against a password-based cyberattack, yet 52 percent say their business has fallen victim to one within the last year.

Based on over 200 responses from US IT pros, the study shows 39 percent think phishing is the most feared cyberattack, while 49 percent say it's the attack most likely to happen.

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IT leaders struggle to find AI talent but aren't investing in professional development

Training course

One-in-three IT leaders say they are struggling with finding qualified AI and ML talent, and while these are the biggest areas of focus, 43 percent rate their teams' AI and ML skill sets as low.

A new study from Skillsoft of more that 5,700 IT professionals finds skill development is a critical piece of the puzzle for building a competitive organization, though more work is needed to optimise training among technology teams.

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