Category: Report

Security and Exchange Commission(SEC) of the United States has recently approved a crucial draft, mandating that publicly traded companies must promptly report any cyber attacks within four days of the attack’s occurrence or detection. This move aims to prevent companies from withholding vital information from their investors for extended periods. However, it does not strictly enforce reporting breaches within a specific time frame of significant financial impact.

Under this new regulation, victimized companies are not only required to disclose the occurrence of the attack but also to provide comprehensive details regarding the nature, scope, and time of its impact within a 96-hour window. This means that affected companies must engage security experts to investigate the attack and, if possible, identify the responsible parties.

The SEC has also allowed businesses an additional 60 days to disclose further information, such as incident response measures, impacted networks and devices, overall financial losses incurred, and any system vulnerabilities that may have contributed to the incident. This extension is intended to ensure that thorough investigations and mitigation efforts can be carried out effectively without compromising the immediate response to the incident.

Publicly traded companies are firms in which shareholders have claims on specific company assets and profits.

In a parallel development, OpenAI, Microsoft, and Google have jointly established the Frontier Model Forum, dedicated to ensuring the safe and responsible development of all future AI models. This new industry framework will also oversee the usage of machine learning models and ensure that the public is well-informed about their nature, impact, limitations, and potential capabilities.

It is noteworthy that several other countries, including Canada, the UK, South Africa, and Australia, already have established similar frameworks, wherein public companies are required to report cyber incidents within 72 hours. In contrast, countries like China and Singapore have set a stricter standard, mandating all companies to disclose such incidents within 24 hours, while India allows a more lenient 6-hour time frame for reporting breaches.

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To those interested in known news bits on the technology of Artificial Intelligence, here some fuel for thought. According to a report published in New York Post, a woman located in the same city has married a virtual man generated to the Artificial Intelligence. The woman named Rosanna Ramos, mother of two children, married a man named Eren Kartal, a person she met through an online dating app.

Information is now out that her boyfriend, now her husband was created by using an AI chatbot software named Replika. And the lady replies that she has found her love of her life and has succeeded in knowing his likes like his favorite color is apricot, his music love is indie pop, and the man likes to write voraciously and is a medical professional…. wonder how she came to know about this so-called man’s virtual profession.

Disclosing her thoughts about her lover to New York Magazine’s The CUT, she said that her current relationship is enigmatic and the man looks like the character from the Japan Manga Collection “Attack on Titan”.

So, all these days we have witnessed job losses with AI. Thus, with the latest development we might also witness loss of love life in coming days.

Second is the news that seems pathetic. According to the report compiled by Challenger, Gray & Christmas, AI usage has led to the loss of over 4000 jobs in US alone and that in the month of May this year.

Surprisingly, the report released on Thursday last week confirmed that they were appx 417,550 jobs losses in between January and May this year and since the onset of corona pandemic in 2020 the job loss reported to be more than 1.4 million.

According to some reliable sources from Facebook, the company has stopped using the tech-nology of machine learning to track down fake accounts spreading disinformation as they fear that they might loose users.
 
After the news was published in the media, some news journalists felt that the issue could trig-ger panic at the end of next year, as the presidential elections are scheduled in November next year.

However, a senior staff member from the Mark Zuckerberg company has dismissed the news media- mentored by Frances Haugen as baseless, and confirmed that the social media giant was doing its best to curb spread of disinformation on and through its platform and was weeding out content based on certain keywords induced into the sentences.

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With business and technology becoming increasingly intertwined, organizations are being forced to rethink how they look at digital security. Once overlooked or viewed as a mere afterthought, today it has become a business-critical necessity. As a result, organizations across industry lines are racing to improve their security postures. Chief Information Security Officers (CISOs) are at […]… Read More

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The volume and impact of data breaches have accelerated largely in 2022, which has contributed to many adverse effects for businesses. Tc highlights several updated factors that have generated great costs across 17 countries and regions, and 17 industries. The report has included new related areas of analysis such as: Extended Detection and Response (XDR). […]… Read More

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At a time when the state of cybersecurity is constantly changing, with new and increasing threats arising each day, it is vital for all organizations to keep it near the top of their list of priorities. Business applications are increasingly targeted by cybercriminals, and their ability to protect and defend themselves against these attacks is […]… Read More

The post Application Security Report 2022: Key Trends and Challenges appeared first on The State of Security.

Among the many challenges businesses contend with in the global marketplace today, the 11th Allianz Risk Barometer 2022 ranks cybersecurity threats as the most important business risk. This proves beyond any doubt that enterprises are experiencing increasing threats and full-on attacks to their information technology systems. To safeguard their network systems and entire security architecture, […]… Read More

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Just when you thought that we couldn’t be any more integrated with (and dependent on) technology, the Covid pandemic swooped in to prove otherwise. The rise in the use of applications and devices to perform even basic functions pushed companies and end-users to keep pace. Of course, one group of people always seem to be […]… Read More

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In 2022, phishing attacks have not only increased substantially, but they have also taken a new turn of events. According to the Agari and PhishLabs Quarterly Threat Trends & Intelligence report, phishing attacks are gradually being delivered through a wide range of online platforms.  The classic email phishing attack technique has increased slightly, while other […]… Read More

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Each year, CyberEdge publishes the Cyberthreat Defense Report (CDR). Aimed at IT security leaders, this comprehensive report outlines the threats, security issues, and industry concerns that are most pressing. Information summarized in the CDR is gathered through surveys conducted in 17 countries and 19 industries. Respondents are IT decision-makers in organizations with at least 500 […]… Read More

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Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense. The report, which surveyed 5,600 IT professionals in mid-sized organizations across 31 countries, shows that ransomware attacks are […]… Read More

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