Security News
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CEOs are facing workforce, culture and governance challenges as they act quickly to implement and scale generative AI across their organizations, according to IBM. The annual global study of 3,000 CEOs from over 30 countries and 26 industries found that 64% of those surveyed say succeeding with generative AI will depend more on people's adoption than the technology itself. The findings also revealed that 63% of surveyed CEOs say their teams have the skills and knowledge to incorporate generative AI, but few understand how generative AI adoption impacts their organization's workforce and culture.
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Onur Aksoy, the CEO of a group of companies controlling multiple online storefronts, was sentenced to six and a half years in prison for selling $100 million worth of counterfeit Cisco network equipment to government, health, education, and military organizations worldwide. These devices all had "Counterfeit Cisco labels, stickers, boxes, documentation, and packaging, all bearing counterfeit trademarks registered and owned by Cisco that made the goods falsely appear to be new, genuine, and high-quality devices manufactured and authorized by Cisco."
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LastPass revealed this week that threat actors targeted one of its employees in a voice phishing attack, using deepfake audio to impersonate Karim Toubba, the company's Chief Executive Officer. While 25% of people have been on the receiving end of an AI voice impersonation scam or know someone who has, according to a recent global study, the LastPass employee didn't fall for it because the attacker used WhatsApp, which is a very uncommon business channel.
"We provided a lot of services after they were penetrated by a state actor", Jack told On Call, adding that this incident sparked a "Panic purchase" of defensive tools and the know-how to run 'em. Jack rated the client's CEO as " possibly happy with our service but not happy with the amount of money.
The world's largest cryptocurrency exchange just got a little smaller, with the US Department of Justice announcing Binance and its CEO Changpeng Zhao have both pleaded guilty to a multitude of financial crimes. According to a criminal case [PDF] unsealed Tuesday, Binance failed to register as a money services business in the United States, broke the Bank Secrecy Act by failing to implement and maintain an anti-money laundering program, and violated the International Emergency Economic Powers Act by allowing US users to transact with individuals in sanctioned countries.
Fear and the more technical aspects of cybersecurity are still stopping Australian CEOs from engaging more deeply with cybersecurity risks, despite a string of high-profile cyberattacks that have hit Australian brands, including Optus and Medibank and millions of their customers. New research from consulting firm Accenture found that only one in five of Australian CEOs are currently dedicating board meetings to discussing cybersecurity issues, while 34% think cybersecurity isn't a strategic matter and requires episodic rather than ongoing attention.