In the ever-evolving landscape of technology, a chilling trend is emerging: the democratization of deception. As artificial intelligence (AI) and cybersecurity fields intertwine, we witness a seismic shift in how scams are orchestrated. No longer are high-net-worth individuals the sole targets of sophisticated scams; the advent of automation has made everyone a potential victim. There is an […]
Regulatory bans on deepfakes “take us only so far” – so how do we protect identities? Deepfakes have presented a formidable challenge, blurring the lines between reality and fiction in ways that are increasingly difficult to detect and regulate. The promise of regulation looms large, yet a feasible, comprehensive solution remains elusive. Among the most pressing concerns […]
Group-IB discovers a sophisticated iOS trojan capable of potentially compromising certain facial recognition data, attempting to breach bank accounts. This advanced form of social engineering, initially preyed upon Android devices before seamlessly migrating to the iOS ecosystem, highlights a glaring flaw in our digital defenses. Through the extraction of facial recognition information, personal documents, and […]
In the wake of the crisis currently plaguing the Middle East, a lawsuit aimed at a US DNA testing company has once again shown the dangers involved with weak authentication practices. The company in question, 23andMe, suffered a data breach last year that has ultimately resulted in hackers gaining personal information on 6.9 million customers. […]
There is a need for trusted identity assurance: In January 2024, a staggering figure was reported by IT Governance UK – 29,530,829,012 records breached across the globe. This number is not just a statistic; it’s a stark reminder of the ever-evolving challenge that cyberattacks and data breaches pose to organizations of all sizes and sectors. The upward […]
Digital deception and sophisticated cyber threats loom large, and the recent $25 million scam in Hong Kong is neither the first instance of AI-driven deepfake technology being exploited for fraudulent purposes nor will it be the last. This alarming incident serves as a stark reminder of the evolving challenges enterprises face, highlighting the audacious lengths to which […]
The rapid escalation of deepfake audio technology in recent years and currently has ushered in a new era of digital security concerns, highlighting the pressing need for advanced detection methods. This surge in deepfake audio incidents has been brought into sharp focus by the most recent example, the Biden New Hampshire robocall incident] . Amidst this burgeoning […]
The recent announcement from Mastercard that it is providing a biometric verification services for logging into apps or websites to “replace the password with the person” appears to be an attempt to federate banks’ and other organizations’ authentication solutions for the benefit of Mastercard. The weaknesses of passwords and other knowledge-based authentication solutions have long been recognized, […]
It has been revealed that a hack on the US Securities and Exchange Commission’s (SEC) X account earlier this month was caused by a SIM Swap attack. The hacker used the account to post a fictitious announcement relating to Bitcoin which briefly caused its price to rise sharply. The SEC, working with their mobile carrier, has discovered […]
The recent article in the Financial Times around UK banks not just preparing for a deepfake fraud wave, but already seeing deepfakes being used against banks. This should come as no surprise to anyone who has been following the rise of generative AI in the form of deepfakes and their potential impact on financial services. Understanding […]
