The Cyber Defense eMagazine January Edition for 2024

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AI-Enhanced Identity Fraud: A Mounting Threat to Organizations and Users Identifying the most common AI-enhanced cyber-attack methods and strategies to mitigate them By Philipp Pointner, Chief of Digital Identity at Jumio While AI-driven automation brings benefits, it also gives hackers advanced tools to develop more sophisticated methods for a wide range of malicious activities like fraud, disinformation and cyberattacks. To combat these threats, enterprises must implement robust risk management strategies. In this article, we’ll walk through today’s AI-enhanced cyberattack methods, and steps for security leaders to prevent these threats. These steps include leveraging advanced strategies, such as comprehensive identity verification, biometric authentication and liveness detection, to ensure the safety and security of their enterprise. Cyber Defense eMagazine – January 2024 Edition 38 Copyright © 2024, Cyber Defense Magazine. All rights reserved worldwide.
Advanced AI-Powered Attack Methods With generative AI frameworks at their fingertips, hackers are crafting increasingly convincing scams that bypass traditional cybersecurity measures. This is exemplified in the evolution of phishing scams. As fake emails were once underdeveloped and easy to detect, generative AI has enabled fraudsters to craft much more sophisticated, professional-looking messages that are harder to identify as fraud. Some of the other prominent attack methods raising concern among businesses include: 1. FraudGPT: Hackers are exploiting a new product being sold on the dark web called FraudGPT, which was built solely for the purpose of enhancing fraud and scamming techniques. FraudGPT is an LLM without the same filters and limitations as ChatGPT, enabling users to generate information such as the curation of malicious code, locating vulnerabilities, identifying vulnerable targets and more - making it a powerful weapon for cybercriminals, and a danger to organizations and their users. 2. Password guessing: The deployment of AI-supported password guessing — also known as AIassisted password cracking — is a tactic that uses AI techniques to guess or identify passwords. Similar to phishing, this technique uses machine learning algorithms to enhance password matching, accelerating and optimizing traditional password stealing processes. In fact, hackers can steal passwords with up to 95% accuracy when leveraging AI. 3. Deepfakes: These synthetic creations, crafted with AI and featuring eerily realistic faces, are evolving at an alarming pace. A recent study revealed a worrying trend: 52% of people believe they can identify a deepfake video. This overconfidence is dangerous, considering these digital doppelgangers can fool even the most discerning eye. The corporate world is now becoming a prime target for deepfake fraud, as high-level executives are falling victim to AI-powered scams. For example, voice cloning is now being used to impersonate C-suite individuals, which allows hackers to mimic the victim’s voice and orchestrate elaborate fraud schemes within the company. The CEO of a major security enterprise recently learned this the hard way when a cloned voice impersonated him, attempting to pull off a corporate heist. As AI-supercharged cyberattacks increasingly wreak havoc, security leaders must ramp up their defenses to shield themselves and their users. Turning the Tables: Make AI a Cybersecurity Shield As organizations are bombarded with AI-powered attack methods, how do they fight back? To stay one step ahead of the next threat, security leaders can fight fire with fire, leveraging AI-powered security tools including: Cyber Defense eMagazine – January 2024 Edition 39 Copyright © 2024, Cyber Defense Magazine. All rights reserved worldwide.
Page 1 and 2: 3 New Risks That CISOs Will Face in
Page 3 and 4: Top 6 Security Challenges of SMEs -
Page 5 and 6: Reducing Burnout and Increasing SOC
Page 7 and 8: @CYBERDEFENSEMAG CYBER DEFENSE eMAG
Page 9 and 10: Cyber Defense eMagazine - January 2
Page 21 and 22: 1. AI development and use will dema
Page 23 and 24: How Small and Mid-Sized Businesses
Page 25 and 26: Achieving SOC 2 Type 2 attestation
Page 27 and 28: lights can be turned on at the flip
Page 29 and 30: About the Author Victor Atkins is a
Page 31 and 32: The Distinct OT Cybersecurity Envir
Page 33 and 34: About the Author Dave Purdy is the
Page 35 and 36: Two critical enablers for autonomou
Page 37: In conclusion, while the parallels
Page 41 and 42: Why Cybersecurity Maturity Model Ce
Page 43 and 44: What CMMC Accomplishes It’s essen
Page 45 and 46: AI: The Human Touch in Cybersecurit
Page 47 and 48: with human intuition creates a powe
Page 49 and 50: How does shifting from a reactive a
Page 51 and 52: About the Author Paul Brucianni, Cy
Page 53 and 54: AI and cybersecurity Cybercriminals
Page 55 and 56: Conclusion In conclusion, combining
Page 57 and 58: 2. Selective Attention: Concentrati
Page 59 and 60: NIS 2: From Obligation to Opportuni
Page 61 and 62: Once the risks and challenges are i
Page 63 and 64: Top 6 Security Challenges of SMEs B
Page 65 and 66: Proactive Remediation is the Way Fo
Page 67 and 68: Is 2024 the Year of Cloud Repatriat
Page 69 and 70: Resource optimization: Workloads th
Page 71 and 72: What to expect in the metaverse The
Page 73 and 74: SolarWinds Lawsuit Reinforces the N
Page 75 and 76: Inviting Others to the Table By inc
Page 77 and 78: e used for an information protectio
Page 79 and 80: work and not only the good guys can
Page 81 and 82: terrorism. The criminal groups most
Page 83 and 84: statement, and the other actions it
Page 85 and 86: MGM & Caesars Cyberattacks: Lessons
Page 87 and 88: Companies must also adopt a zero-tr
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Another reason why threats keep gro
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Cyber Insurance: A Smart Investment
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data protection. However, the two a
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Cyber Resilience - Beyond Cyber Sec
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• Leveraging External Expertise:
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Cybersecurity Preparedness 2024 By
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approach and a focus on providing e
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enabled hacker groups to increase t
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Enhancing PCI DSS Compliance: The U
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Understanding how adversaries opera
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cryptocurrency favorably, and there
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About the Author James Hunt holds o
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streamlined architecture with fewer
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From the SIEM to the Lake: Bridging
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About the Author Omer Singer is the
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The Hardest Part: Marketing and Sal
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call upon. I find this fascinating
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Getting AI Right for Security: 5 Pr
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Against this backdrop, it’s criti
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opposition, and even complete inter
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As we have seen in Russia, VPNs off
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Understanding Hyperautomation Hyper
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Learning (ML), Robotic Process Auto
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Identity Providers Are Still the Bu
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About the Author Jason Martin and I
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in terms of reputational, operation
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New Year, New Consumer Demands in C
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2. Transparent communication: Highl
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Key Trends in Cybersecurity Evolvin
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Better and Faster Sandboxes Traditi
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Over an 18-month period, Conti accu
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• During wartime, reduce the atta
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SOC roles aren’t for the faint of
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Safeguarding Children in the Era of
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strategy. Parents should seize the
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Securing Space Infrastructure for U
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For new satellite constellations, p
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Understand Cyber Insurance: Rising
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costs for such an incident. This is
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What You Need to Know About the Cyb
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deployment and time to value. Typic
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Why Companies Are Still Investing i
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technologies (PPT) could be an AI a
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• Abundance of sensitive informat
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5. Upgrade to Newer, More Secure Sy
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they came under armed attack. Howev
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incursions have probably never been
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Keywords - Wireless peripheral devi
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nearby. The best way to prevent suc
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devices are found vulnerable, they
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Cyber Defense eMagazine - January 2
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CyberDefense.TV now has 200 hotseat
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Books by our Publisher: https://www
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