Australian financial services firm FIIG Securities faces legal action from the Australian Securities and Investments Commission (ASIC) following a cybersecurity breach that exposed sensitive information of 18,000 clients. The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period,…
Trend Micro has launched a breakthrough AI Agent designed to change the way enterprises approach cyber risk, introducing Trend Cybertron, the industry’s first specialized cybersecurity large language model (LLM) designed to drive proactive security outcomes. Using the most precise local risk assessments and deepest global threat intelligence in the industry, the new AI engine predicts…
Deepfakes are poised to be the biggest AI-related threat because of the vast potential for misuse. Criminals have yet to plumb their full potential, and we predict they will use deepfakes in new scams and criminal schemes in 2025. Popular or common social engineering scams will become even more believable with the use of deepfakes,…
reAlpha Tech Corp, a trailblazer in real estate technology, has announced a strategic investment in Xmore AI. This initiative marks the first investment by the newly established reAlpha AI Labs, a hub dedicated to the research and development of artificial intelligence technologies. The investment will see Xmore AI, a company co-founded by Dr. Benjamin Yan…
The Reserve Bank of India (RBI) has unveiled new master directions on cyber resilience and digital payment security controls specifically for non-bank payment system operators (PSOs). According to the RBI circular, PSOs must establish a board-approved information security policy to address potential information security risks across all applications and payment system products. This policy is…
The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike’s glitchy security software update that disrupted internet services worldwide last week, Fitch Ratings said. Preliminary estimates suggest that insured losses could be in the range of mid-to-high single-digit billion dollars and most claims would be…
With cyber threats evolving at an unprecedented pace and regulatory requirements becoming increasingly stringent, Zeron, a Mumbai based cybersecurity startup, has launched India’s first advanced Cyber Quantified model called Quantified Business Exposure to Risks (QBER) for BFSI companies. As the inaugural CRQ model from India, QBER sets a new standard for cyber risk quantification, offering…
BD Software Distribution Pvt. Ltd. (BD Soft), a leading Value-Added Distributor (VAD) of Cyber Security solutions, join hands with Cyral, a platform helping enterprises to secure & govern their data in the cloud. This collaboration aims to reduce the risk, complexity, and costs associated with managing structured data, catering to the increasing demands of Indian…
CybeReady, introduced five best practices for securing internet activities with the launch of an updated CISO Toolkit available in 13 languages for Safer Internet Day on February 6th. This initiative underscores the critical need for informed and vigilant online practices in the face of increasing cyber incidents affecting both the corporate sector and individual users….
Technology is playing an increasingly significant role in shaping an organisation’s exposure to risk, their appetite for taking risk in pursuit of new opportunities, and the tools they are using to mitigate it and build resilience. Only inflation ranks higher than cyber (the top tech-related threat) in terms of the risks respondents feel most exposed…
