The U.K. plans to hold its first-ever global summit on artificial intelligence this November. Goals of the event include detailing AI risks and opportunities, building effective frameworks for using AI safely, and setting international standards to manage AI risks and enforce norms.
U.S. tech companies are stepping up warnings to British lawmakers over a government proposal they say will fatally weaken security and privacy protections for users. The House of Lords is set to return the bill to the House of Commons after a third reading scheduled to begin Wednesday.
Two financial services giants hit by the mass attack on MOVEit file-sharing software - Prudential and Schwab - are the latest victims to face lawsuits from affected individuals. The suit filed against Prudential seeks 10 years of prepaid identity theft monitoring services instead of the usual two.
Recent legal actions against CISOs have spawned a debate on whether security leaders should be held accountable for security incidents. CISOs should manage this shifted liability through real-time documentation and collaboration with law enforcement, said attorney Stephen Reynolds.
A global law firm that handles data breach litigation is faced with defending itself against a proposed class action lawsuit filed in the aftermath of its own data breach. The lawsuit stems from a March hacking incident at San Francisco-based Orrick, Herrington & Sutcliffe.
With both excitement and fear swirling around the opportunities and risks offered by emerging AI, seven technology companies - including Microsoft, Amazon, Google and Meta - have promised the White House they would ensure the development of AI products that are safe, secure and trustworthy.
The alleged operator of the darknet narcotics marketplace Monopoly has been extradited to the U.S. to stand trial. The FBI said it identified Milomir Desnica, a 33-year-old dual Croatian and Serbian national, thanks in part to invoices found in a Monopoly database seized by German law enforcement.
A British cyber law that criminalizes hacking is outdated, hindering law enforcement action against cyber crooks, U.K. lawmakers heard during a parliamentary hearing on cybercrime. Graeme Biggar, the director general of the U.K's National Crime Agency, said it should be an offense to steal data.
The Federal Trade Commission has filed an amended complaint against Kochava, as allowed by a federal judge who last month dismissed the agency's first shot at a lawsuit seeking to permanently stop the data analytics firm from selling geolocation data collected from mobile devices.
A flurry of legal complaints and a lawsuit have been filed against the city of Oakland, California, after it fell victim to a ransomware attack. The Play group claimed credit for the attack and posted some of stolen information, which includes personal details, ID numbers and health information.
Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.
Online sports retailer Sports Warehouse has agreed overhaul its security program and pay a $300,000 fine to New York State after hackers stole 20 years' worth of payment card data and customer information the company was storing in plaintext on its e-commerce server.
Between May 19 and 25, a hacker took control of Tornado Cash and stole $1 million, plaintiffs in a Coinbase-bankrolled lawsuit pressed for summary judgment, attackers used crypto phishing as a service to steal $6 million, Trezor hot wallet was found to possibly be buggy and Celer patched a bug.
Proposed class action lawsuits are piling up over hackers' use of a vulnerability in Fortra's GoAnywhere secure file transfer and a resulting data breach affecting 3 million individuals. NationsBenefits Holdings disclosed that hackers accessed personal information by using the widely exploited flaw.
The attorneys general of four states have smacked vision care provider EyeMed Vision Care with a $2.5 million fine as part of a settlement in the aftermath of a 2020 email phishing incident that affected 2.1 million individuals in the United States.
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