In the latest "Proof of Concept," two CyberEd board members, Connecticut state CISO Jeff Brown and Maricopa County CISO Lester Godsey, join ISMG editors to discuss securing digital government services, improving user experiences and balancing user convenience with robust identity verification.
While the problems of money laundering and mule accounts continue to haunt the financial industry, fintechs are using AI to a large extent to mitigate the problem, said Kawin Boonyapredee, a member of the Cyber Risk Subcommittee for the Singapore FinTech Association.
Large language models have revolutionized various industries by automating language-related tasks, enhancing user experiences and enabling machines to communicate more naturally with human beings, according to Rodrigo Liang, CEO of SambaNova Systems.
The fear that ChatGPT could turn a low-sophisticated hacker into a sophisticated adversary is unfounded, said Howard Marshall, global intelligence lead, Accenture Security. He says most hackers lack the expertise and education to create sophisticated malware.
Spain is set to launch Europe's first-ever artificial intelligence regulatory agency as the trading bloc finalizes legislation meant to mitigate risks and ban AI applications considered too risky. Madrid said its goal is to foster AI that is "inclusive, sustainable, and centered on citizens."
While a significant number of attacks are not yet AI-driven, there's a noticeable shift in the creation of generative malware and lures for business email compromise, warned Ashan Willy, CEO at Proofpoint. LLMs are being used to create enticing lures in foreign languages to target broader audiences.
Enterprises have been keenly exploring the potential of generative AI, deploying it to fuel innovation. But stealthy integration of AI features into products already owned by organizations has cybersecurity experts worried, said Jeff Pollard, vice president and principal analyst at Forrester.
AI holds great promise for certain applications in healthcare, particularly around clinical research, but security leaders - and others involved in governance within medical institutions - must be ready for the implications, said John Frushour, CISO of New York-Presbyterian Hospital.
Business email compromise continues to be a significant threat and is one of the most financially damaging online crimes. Attackers continue to innovate and grow in sophistication, which means defenders need to leverage new technology, warned Mike Britton, CISO of Abnormal Security.
Grant Bourzikas shared his experience as the new CISO at Cloudflare, highlighting a 90-day period during which he engaged with customers, internal nonsecurity personnel, executives and his team to gather insights on Cloudflare's security landscape.
The nature of fraudulent content has taken on new dimensions with the emergence of generative AI. This new era has ushered in tools capable of creating fake images, voices and videos that can be difficult to distinguish from genuine content, warned Bryan Ware, chief development officer at ZeroFox.
Chen Burshan, the CEO of Skyhawk Security, wants to use the power of generative AI as part of the threat detection flow. Organizations with risk management tools in place and risk reduction occurring are still getting breached and therefore need to focus more on threat detection, he said.
In the new world of workloads in the cloud, hybrid systems, shadow IT and microservices, the legacy approach to threat detection no longer works, said Matt Shea, Chief Strategy Officer at MixMode. "Data is too big," he said, and "a radical new approach" is required.
The U.S federal government is advocating for artificial intelligence developers to embrace security as a core requirement, warning that machine learning code is particularly difficult and expensive to fix after deployment. CISA has an ongoing campaign to promote security by design.
The cybersecurity industry remains resilient in the face of recession fears, said Alberto Yépez, co-founder and managing director of Forgepoint Capital. Amid economic shifts and technological advancements, the market is adapting to new challenges and opportunities.