Sanjaya Kumar, MD, is the CEO of cybersecurity company SureShield, Inc. Dr. Kumar has more than 25 years of healthcare compliance, risk management, and security experience. In an exclusive interview with Cyber Intelligence, he outlines the challenge presented by the current environment of data overload and some of the steps organizations should take to mitigate the associated risks from it.
It feels like fraudsters are consistently staying one step ahead of us. Back in early 2022, a study found that one out of every four accounts made online was fake—and that number has only gotten worse. The auto lending industry, for example, saw a staggering $7.9 billion in losses due to a 98% spike in synthetic fraud in 2023. They’re not alone in fending off more fraud attempts than ever as malicious actors turn to generative artificial intelligence to increase both the sophistication and the sheer number of fake accounts trying to bypass verification steps and swindle businesses.
The increase we’ve seen in synthetic identities is causing a new host of problems. Not only are more businesses finding themselves with fake customers in their systems—financial institutions mistakenly giving credit to synthetic identities, colleges and universities grappling with applications from fake students, and more—but some of the measures being taken to tamp down on fraudsters’ relentless advances have had the unfortunate side effect of pushing away legitimate customers.
In an exclusive interview with Cyber Intelligence, top Israeli military scientist Prof. Isaac Ben-Israel reveals that Iran has tested a missile in space that could strike the UK and assesses the likelihood and nature of a full-scale outer-space cyber war and why children should be taught cybersecurity in elementary school.
Editorial Team
