Bank Bust Deepfake Threat
Banks have been battling against fraud for ages, but the playing field is transforming with technological advancements. FS-ISAC, the financial sector’s cybersecurity support non-profit, has highlighted that deepfakes – sophisticated synthetic media where a person in an existing image or video is replaced with someone else’s likeness – are now being used to execute familiar fraud schemes with a frightening new effectiveness. FS-ISAC’s deepfake mitigation guidance paper, released October 24, advises institutions on how to fortify their defenses against this emerging threat. As these tactics evolve, the financial industry must constantly adapt its security strategies to thwart nefarious impersonations and manipulations.
Cybersecurity Compliance Complexities
The ever-evolving landscape of cybersecurity presents a unique challenge to organizations as they attempt to navigate the compliance frameworks that govern their protective measures. The complexity of understanding and implementing these frameworks can be daunting. ThreatLocker offers a blueprint designed to simplify the process. By adhering to the standards of one framework, entities may find themselves closer to meeting the requirements of others, providing a clearer path to comprehensive cybersecurity compliance and lessening the burden of deciphering often ambiguous regulations.
FBI Warns of ‘Cookie Monsters’
In a concerning development, the FBI’s Atlanta Division has issued a warning about the rise in cybercriminals targeting Remember-Me cookies. These cookies, which facilitate easier access to user accounts by remembering login information, have become a prime target for hackers looking to bypass multi-factor authentication. A staggering amount of over 54 billion cookies have reportedly been compromised and found their way to the dark web, allowing access to sensitive personal data. This new alert paints a worrying picture of cybersecurity threats where even the simplest convenience features can be exploited.
Carr Crash into the FCC
The telecommunications landscape in America could face a radical shift with Brendan Carr, the proposed head of the Federal Communications Commission (FCC) by President-elect Trump. Carr, who is known for advocating a hardline stance on what he deems social media censorship cartels, will likely focus on a deregulatory approach and intensify the federal body’s involvement in regulating social media platforms. In addition to tackling free speech online, Carr has set his sights on revoking Section 230, the law that currently offers legal protection to online publishers for content posted by their users. The FCC’s direction under Carr’s potential leadership suggests a turbulent period ahead for social media regulation and internet governance.
