77% of CEOs Believe AI More Risk Than Reward in Cyber
Despite the hype of AI in cybersecurity, a PwC survey revealed that 77% of CEOs still believe AI increases the risk of breaches rather than boosts cybersecurity.
The PwC survey interviewed 4,700 executives globally, the majority of whom are CEOs. The survey also found that 63% of respondents believed AI to be a misinformation risk, causing a barrier for legal and reputational damage stemming from generative AI.
‘Tether’ Crypto: A Growing Tool for Cyber Money Laundering
The UN published a report stating that the Tether cryptocurrency is a growing, essential tool for money laundering, mainly by cybercriminals.
Backed by investigations by the United Nations Office on Drugs and Crime (UNODC), Tether’s illicit utilities are growing in popularity, especially in the East and Southeast Asian regions. Tether became a crypto of choice for these threat actors due to its stability, ease of use, anonymity, and low transaction fees.
Cosmetic Giant Lush Suffers Cyber Attack
Lush Retail Ltd. through a brief statement, confirmed a recent cyber attack. However, there are little known details on the cosmetics giant’s cyber attack as of this writing.
Lush’s statement admitted that they are “currently responding to a cyber incident”, stressing that “we take cybersecurity exceptionally seriously”. Currently, still speculation, though Closed Door Security’s CEO William Wright said it’s likely to be a ransomware attack.
