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Investment fraud is now the number one cybercrime, according to the 2022 FBI IC3 report, and pig butchering is contributing to the astonishing spike in losses due to these scams. As this trend of low volume, high yield attacks based on social engineering continues to grow among cybercriminals, individuals and organizations need to be vigilant more than ever.
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At a time when sophisticated threats like ransomware are rampant, a new and devious breed of investment fraud has surfaced with significant concerns: pig butchering.
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A new security vulnerability could allow malicious actors to hijack large language models (LLMs) and autonomous AI agents
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Abnormal Recognized by Forbes, Fast Company, the Cybersecurity Excellence Awards, and the Globee Cybersecurity Awards for its Behavioral AI Approach to Email Security
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Tech leaders from FedEx’s Robert Carter to Whirlpool’s Dani Brown are taking the stage in Dana Point, California, this week for the annual Forbes CIO Summit. On the discussion agenda is generative AI, the future of the office and more.
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One useful way to use AI’s predictive power is to detect anomalies and then find ways to mitigate them. Abnormal Security, for instance, analyzes a company’s cloud email environment to identify phishing attempts and other threats and remove malicious emails.
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AI 50
April 11, 2023
Forbes
Now in its fifth year, Forbes' annual list recognizes the most promising privately-held companies building businesses out of artificial intelligence.
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As rapid advances in artificial intelligence stir debate on its ethical application and commercialization President Joe Biden weighed in on whether AI is dangerous commenting, "It remains to be seen. It could be."
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Italy’s data protection authority issued a temporary ban on ChatGPT citing data protection concerns and alleged breaches of the GDPR. Is this a reasonable precaution, or a chilling restriction on personal freedoms?
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Two of humanity’s greatest drivers, greed and curiosity, will push AI development forward. Our only hope is that we can control it.
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Italy’s data protection authority is investigating if OpenAI has breached GDPR, while Ireland’s DPC said it is looking into these chatbot concerns.
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CrowdStrike's strategic investment arm, the CrowdStrike Falcon Fund, invested in Abnormal Security, a behavioral AI-based email security startup.
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Google Bard continues rapid development plan despite AI race concerns from industry leaders.
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Over 1,000 tech leaders signed an open letter, urging a pause to the development of advanced AI technology.
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CrowdStrike Holdings Inc. is investing in Abnormal Security Corp., a startup that helps businesses cope with compromised emails, after highlighting the attack method as a fast-growing threat.
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Elon Musk, Steve Wozniak, and Andrew Yang are among more than 1,000 tech leaders asking for time to establish human safety parameters around AI.
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CrowdStrike Holdings Inc. today announced a new partnership with cybersecurity startup Abnormal Security Corp., including a strategic investment in the company through the CrowdStrike Falcon Fund.
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Social media is buzzing with the news that more than 1,000 tech and AI luminaries signed a petition for the industry to take a six-month moratorium on the training of artificial intelligence (AI) systems more powerful than OpenAI's GPT-4.
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CrowdStrike has made a strategic investment in Abnormal Security, an email security platform provider, through the CrowdStrike Falcon Fund. Terms of the investment were not disclosed. In addition, CrowdStrike has integrated its Falcon platform with Abnormal’s platform to offer email and endpoint attack detection and response with automated account remediation, the companies stated. The integration delivers bi-directional threat detection and response.
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A recent vendor email compromise (VEC) attack tried to steal $36 million from a commercial real estate business.
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Abnormal Security recently observed an attempted vendor email compromise (VEC) attack that sought to steal $36 million from the target.
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With more than $36M nearly swindled away, an almost-successful BEC attempt in the commercial real estate space shows how sophisticated and convincing fraud attacks are becoming.
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Security Researchers Spot $36m BEC Attack
March 22, 2023
Infosecurity Magazine
Security experts have warned of the growing threat from business email compromise (BEC) attacks spoofing victims’ vendors and suppliers, after revealing an audacious attempt to steal tens of millions of dollars.
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