Tag: world economic forum
Majority of Orgs Hit by AI Cyber-Attacks as Detection Lags – March 7th
AI-driven cyber-attacks are becoming a widespread threat, with 87% of security professionals reporting incidents in the past year, according to SoSafe’s latest cybercrime trends report. Despite the growing concern, only 26% of security experts express high confidence in their ability to detect such attacks. The World Economic Forum noted a 223% rise in deepfake-related tools on dark web forums between early 2023 and 2024, further fueling concerns. While 91% of experts expect AI-driven attacks to surge over the next three years, nearly all respondents acknowledge the urgency of improving detection capabilities.
HPE Investigating Hacker Breach Claims – January 21st
Following claims from the IntelBroker group on BreachForums of having access to large amounts of Hewlett Packard Enterprise (HPE) company data, HPE has begun its investigations. The breach allegedly includes private GitHub repositories, Docker builds, and source codes. Arctic Wolf researchers helped HPE uncover the potential breach, and are continuing to work on validating the claim.
WEF predicts perfect storm for cybercrime
The World Economic Forum (WEF) Global Cybersecurity Outlook 2025 reports that several compounding factors are creating an increasingly complex and risky business environment. These include the growing complexity of supply chains, rising geopolitical tensions, cybercriminal's increasing use of artificial intelligence (AI), and the entry of traditional organized crime groups into cybercrime. Ransomware remains the top organizational cyber risk year on year, with 45 percent of respondents ranking it as a top concern in this year’s survey. Over half of the large organizations surveyed worldwide, 54 percent, identified supply chain challenges as the most challenging barrier to achieving cyber resilience, citing the increasing complexity of supply chains, coupled with a lack of visibility and oversight into the security levels of suppliers.
JP Morgan Chase Combats 45 Billion Cyber Attacks Daily – January 18th
On Wednesday, January 17th, JPMorgan Chase's asset and wealth management division head, Mary Callahan Erdoes, said during the World Economic Forum in Davos that the firm faces a staggering 45 billion breach attempts daily. Mary explained on a panel session that they have more security engineers than Google and Amazon, out of necessity, as threat actors increasingly get "smarter, savvier, quicker, more devious and mischievous."