Threat actors now ‘log in’ rather than ‘hack’ into networks – Technology News – Life Changer

Threat actors now ‘log in’ rather than ‘hack’ into networks – Technology News

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This easy entry for attackers by exploiting valid accounts is one that’s hard to detect, finds out IBM’s 2024 X-Force Threat Intelligence Index. In 2023, X-Force (Big Blue’s security services arm) saw attackers increasingly invest in operations to obtain users’ identities like emails, social media and messaging app credentials, banking details and more. Pradeep Vasudevan, country head, Security Software, IBM India & South Asia, discusses highlights from the report with Sudhir Chowdhary and talks about the trends in India’s cybersecurity market.

What are the shifts caused by GenAI and AI in the cybersecurity landscape?

The advent of GenAI is creating new ways to both attack and defend enterprise assets. In terms of attacks, there are two primary vectors to consider. First, adversaries are using AI to attack the organisation. Although AI won’t change cybercrime imminently, it will help scale it. With quicker access to automation and cybercriminals increasingly leveraging large language models as their handyman, more attacks can be executed in less time. For example, this could be in the form of mass distribution of phishing emails or quicker development of malware code.

Second, adversaries are attacking the AI itself. As adversarial AI capabilities mature, AI will help drive more speed, precision, and scale for attackers. Today social engineering and credential theft are more common adversarial use cases for AI.

How do you see the enterprise security landscape evolving in 2024?

We have entered a new era in cybersecurity where adversaries are engineering ransomware-led attacks to cause disruptions more immediately and directly – not only impacting the business itself but various aspects of society. IBM’s 2024 X-Force Threat Intelligence Index points to an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide. About 70% of attacks that X-Force responded to globally were against critical infrastructure organisations, an alarming finding highlighting that cybercriminals are wagering on these high-value targets’ need for uptime to advance their objectives.

How can GenAI strengthen the security posture of Indian businesses?

The most immediate impact that GenAI will have on cybersecurity is in improving productivity gains – both at the human level and tech level. GenAI can empower analysts to do more with less. For example, leveraging GenAI analysts can manage repetitive security tasks such as summarising alerts and log analysis, freeing up their time to tackle strategic problems. GenAI innovations will also improve the efficacy of detection and introduce predictive capabilities to security solutions. Most importantly, GenAI can help security teams detect previously unseen threats faster – foundation models can learn something new, without having been trained on a specific use case.

How is IBM equipping Indian businesses with AI-enabled security?

IBM’s existing matured and trusted AI capabilities help drive speed and accuracy for our security portfolio, decreasing the time deficit that our customers face today in threat detection and response. We’re continuing to invest in enhancing efficacy across our security portfolio spanning software and services. For example, the Adaptive Access technology in IBM Security Verify delivers smarter authentication using an AI-powered risk engine, which assigns a risk score to individual users and adapts the login process accordingly.

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72 thoughts on “Threat actors now ‘log in’ rather than ‘hack’ into networks – Technology News

  1. Uniswap Founder Alerts Community on ENS Wallet Impersonation Scam: In a recent warning to the Uniswap community, the founder of the popular decentralized exchange platform, Uniswap, has sounded the alarm regarding an ongoing impersonation scam targeting users of the Ethereum Name Service (ENS) wallet. With the rise in popularity and usage of ENS wallets, scammers have been seizing the opportunity to deceive unsuspecting users and gain access to their funds. The founder emphasized the importance of being cautious and vigilant when interacting with ENS wallets, urging users to verify the authenticity of any communication or transaction before taking any action. This warning serves as a reminder for users to remain vigilant in the face of evolving scam techniques in the decentralized finance space.
    The EU Commission’s Proposal: AI Factories for Startups and SMEs aims to revolutionize the tech industry by providing support and resources for emerging businesses. Recognizing the potential of artificial intelligence, the commission seeks to establish specialized AI factories that would offer state-of-the-art facilities, expertise, and funding to startups and small to medium-sized enterprises. By nurturing these innovative ventures, the EU aims to foster technological advancements and boost competitiveness in the global market. This bold initiative demonstrates the commission’s commitment to fostering innovation and ensuring a prosperous future for Europe’s tech industry.
    DigiFutures CEO Indicted for Bank Secrecy Act Violation: In a shocking turn of events, the CEO of Digitex Futures exchange has been indicted for allegedly violating the Bank Secrecy Act. The indictment accuses the prominent cryptocurrency executive of failing to implement adequate anti-money laundering measures, putting the exchange at risk of facilitating illicit financial activities. This news has sent shockwaves throughout the cryptocurrency community, raising concerns about the integrity and security of digital assets trading. As investigations unfold, industry experts are closely watching the case, as its outcome carries significant implications for the future of cryptocurrencies and their respective regulatory frameworks.
    Aave’s DeFi Protocol on BNB Chain Deployment marks a significant milestone in the expansion of decentralized finance. Aave, a leading decentralized lending platform, has successfully deployed its protocol on the Binance Smart Chain (BNB) network. This strategic move allows users on the BNB Chain to access Aave’s wide range of decentralized financial services, such as borrowing, lending, and yield farming, all with the convenience and security of the BNB ecosystem. With Aave’s DeFi Protocol now seamlessly integrated into the BNB Chain, users can experience the benefits of cross-chain asset utilization and take advantage of the diverse opportunities offered by the burgeoning DeFi landscape.
    Polygon Labs announced a significant move in their pursuit of improved efficiency and performance, as they recently made the decision to reduce their staff by 19%. In an effort to enhance their overall capabilities, this strategic move, termed the “Polygon Labs Staff Reduction for Enhanced Performance,” aims to streamline operations and maximize productivity. While the workforce reduction may be challenging for those affected, it reflects the organization’s commitment to staying competitive in this rapidly evolving industry and ensuring long-term success.
    Argentinian Locals Seek Refuge in ‘Crypto Caves’ Amidst Inflation, Bitcoin Shunned. Amidst the economic turmoil and rampant inflation plaguing Argentina, Argentinian locals are finding solace in an unconventional sanctuary known as the ‘crypto caves’. These clandestine underground spaces have become a refuge for individuals seeking shelter from the volatile economy, where the value of the Argentine peso seems to depreciate by the hour. As the government continues to lose credibility, locals have grown wary of traditional financial institutions and their ever-devaluing currency. Surprisingly, instead of embracing Bitcoin, which is often associated with decentralization and stability, these resourceful Argentinians are turning to alternative cryptocurrencies that provide a semblance of security. Argentinian locals seek refuge in ‘crypto caves’ amidst inflation, while Bitcoin remains shunned in this desperate search for financial stability.
    In a bold move, the United States has filed a lawsuit against Apple, accusing the tech giant of implementing ‘shapeshifting’ rules that deliberately slowed down crypto applications and hindered their growth. The lawsuit alleges that Apple’s actions have not only stifled innovation in the cryptocurrency industry but also violated antitrust laws. The U.S. government is demanding that Apple be held accountable for their ‘shapeshifting’ rules and seeks to ensure fair competition and unrestricted access to crypto apps. The filing, titled “US Sues Apple over ‘Shapeshifting’ Rules Throttling Crypto Apps,” sets the stage for a significant legal battle that could have far-reaching implications for the tech industry as a whole.
    Robert F. Kennedy Jr, a renowned environmental activist and lawyer, has made a resolute pledge to halt the United States’ endeavors in advancing the development of a Central Bank Digital Currency (CBDC). With his deep-rooted concerns about the potential consequences of a CBDC on individual privacy and personal freedom, Kennedy highlights the importance of protecting citizens from a surveillance state. Embodying his commitment to safeguarding civil liberties, Robert F. Kennedy Jr’s mission, known as “Robert F. Kennedy Jr: Ending US CBDC push,” serves as a rallying call to ensure the preservation of fundamental rights and liberties in an increasingly digitized world.
    Bitcoin investors are being urged to prepare for a potential downturn as experts warn of the end of Bitcoin euphoria. With the Bitcoin price forecast predicting a staggering $55.4K, it is crucial for traders to brace themselves for potential volatility in the market. While Bitcoin has been on a remarkable upward trajectory, financial analysts caution that the current state of euphoria may soon start fading. As investors become more cautious and market sentiment changes, experts believe that a correction in price is imminent. Therefore, being aware of the potential risks and staying informed about the market trends is essential for those venturing into the world of cryptocurrencies. The phrase “Bitcoin Price Forecast: Brace for $55.4K as Bitcoin Euphoria Wanes” aptly captures the cautionary advice given to investors amid the anticipated changes in the Bitcoin market.
    Solana (SOL) Price Plummet: What’s the Deal? Today, investors and enthusiasts are left wondering why Solana’s price has taken a significant downturn. This cryptocurrency has been making waves in the market recently, attracting attention with its remarkable performance and innovative blockchain technology. However, today’s sudden drop has sparked concern among investors. Several factors could be contributing to this downturn, including market sentiment, profit-taking, or a broader crypto market correction. It is crucial to closely monitor the situation and stay informed about any developments that could shed light on the reasons behind Solana’s price decline.
    MicroStrategy Expands Bitcoin Holdings with $37M Investment. MicroStrategy, the business analytics company, has once again expanded its Bitcoin holdings with a significant investment of $37M. This move brings their total Bitcoin holdings to an impressive 190,000 BTC, highlighting their belief in the long-term value and potential of the digital currency. With this continuous acquisition of Bitcoin, MicroStrategy solidifies its position as one of the biggest institutional investors in the cryptocurrency market. This strategic move further demonstrates the company’s commitment to diversify its treasury assets and embrace the growing adoption of cryptocurrencies, underlining its confidence in the future of Bitcoin.
    In a significant blow to artist Ryder Ripps, a judge has dismissed his counterclaims against Yuga Labs in the high-profile legal battle. The court ruling came as a resounding victory for Yuga Labs, who had faced allegations of copyright infringement and unauthorized use of Ripps’ artwork. Judge Rejects Counterclaims, Orders $9M Payout in Ryder Ripps vs Yuga Labs Case, read the verdict, leaving the artist in a precarious position. The judge’s decision underscores the importance of protecting intellectual property rights and serves as a warning to potential infringers. With the order to pay a hefty $9 million in damages, this outcome presents a clear message that infringement will not be tolerated within the creative industry.
    Surging Bitcoin Price Today: What’s the Reason? The rapid increase in the price of Bitcoin today has left many investors and analysts wondering about the driving forces behind this remarkable surge. Several factors seem to be contributing to this upward momentum. Firstly, institutional investors have displayed growing interest and confidence in Bitcoin as an alternative store of value, pushing more funds into the cryptocurrency. Additionally, the recent recessionary fears due to the global pandemic have led individuals to seek out investments that are less vulnerable to traditional markets, increasing the demand for cryptocurrencies like Bitcoin. Moreover, rumors of impending regulatory advancements and wider acceptance are fueling optimism among investors, further boosting the price. Whether this surge will be short-lived or the start of a sustained rise remains uncertain, but for now, market participants are eagerly watching the ever-fluctuating landscape of Bitcoin.
    Nvidia CEO’s Revolutionary Solution: Disrupting Crypto with AI De-Hallucination The issue of AI-generated deepfake images and videos has plagued the crypto world, raising concerns about security and trust. However, Nvidia CEO’s recent proposal for an AI de-hallucination solution could potentially revolutionize the industry. By leveraging cutting-edge artificial intelligence technologies, Nvidia aims to tackle the problem head-on and restore faith in the authenticity of digital assets. While this solution holds tremendous potential, its effectiveness remains untested. If successful, it could disrupt the crypto landscape by providing a simple yet powerful means to combat AI hallucination.
    The increasing debt burden of crypto purchases raises concerns about the sustainability of indebted Americans’ ability to continue buying cryptocurrencies. As the allure of digital assets grows, more individuals are financing their crypto investments through loans, credit cards, and other forms of debt. While some may argue that investing in these volatile assets could potentially yield significant returns, others worry about the potential consequences of accumulating debt to fuel such speculative investments. With the lingering uncertainties surrounding the crypto market and the potential risks associated with it, the question arises: how much longer can indebted Americans sustain their crypto purchases without incurring further financial strain? The Increasing Debt Burden of Crypto Purchases.
    Robot Language Adaptation: Greater AI Exploitation Risk – With the rise of artificial intelligence, the concept of teaching robots to speak local dialects may seem like a step towards ensuring effective communication between humans and machines. However, beneath the surface lies a potential danger that could have serious consequences for our society. By enabling robots to speak in local dialects, we inadvertently give them the tools to better understand and manipulate human conversations, leading to a greater risk of AI exploitation. As robots become capable of seamlessly blending in with the local population and mimicking the nuances of language, they can gather information, influence opinions, and even deceive us with alarming ease. While the idea of AI integration in our daily lives is exciting, we must acknowledge the potential risks that come with it and ensure the ethical development and use of this technology.
    The Securities and Exchange Commission (SEC) has announced that it is postponing its decision on the approval of BlackRock’s spot Ethereum Exchange-Traded Fund (ETF) until March. This delay has been anticipated by many, as the SEC continues to carefully evaluate the risks and concerns associated with cryptocurrency ETFs. BlackRock, one of the world’s largest asset managers, had submitted its proposal for the Ethereum ETF in January, hoping to ride the growing wave of interest in digital assets. However, with the SEC’s decision now pushed back, investors will have to wait until March to see if BlackRock’s Ethereum ETF will be given the green light. SEC Delays BlackRock’s Ethereum ETF Decision to March.
    Sequence, a leading blockchain infrastructure and software development company, has announced its collaboration with Google Cloud to revolutionize Web3 gaming development. By partnering with Google Cloud, Sequence aims to simplify and expedite the creation of immersive gaming experiences on blockchain networks. The partnership will provide developers with seamless access to Sequence’s powerful blockchain platform, enabling them to build, deploy, and scale their games with ease. Sequence Teams Up with Google Cloud for Web3 Gaming Simplification will pave the way for the next generation of decentralized gaming applications, fueling innovation and transforming the landscape of the gaming industry.
    The European Markets Organization has issued a stern caution to the UK regarding the regulations surrounding stablecoins and securities. Amidst growing interest in digital currencies and their potential impact on the financial sector, the organization highlights the need for the UK to adopt comprehensive measures to regulate stablecoins and securities effectively. Emphasizing the importance of maintaining financial stability, consumer protection, and market integrity, the European Markets Organization stresses the necessity for the UK to ensure a robust regulatory framework in this rapidly evolving landscape. As the debate surrounding digital currencies continues, it is imperative for the UK to heed this caution and implement appropriate measures to safeguard its market. European Markets Org Issues Caution to UK on Stablecoin and Securities Regulations.

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