The Google Threat Intelligence Group revealed a chilling reality: nation-states are weaponizing AI tools like Gemini for sophisticated cyberattacks. This new frontier of AI-powered fraud demands immediate attention from business leaders and general counsel, who stand at the confluence of technology, data security, and governance.
Recent Incidents and the Evolving Sophistication of These Attacks
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According to the FBI, billions of dollars are lost every year repairing computer systems and networks hit by cyberattacks like ransomware. The 2019 Internet Crime Report notes that in 2019 alone, the FBI’s Internet Crime Complaint Center received 467,361 complaints of cybercrime with reported losses exceeding $3.5 billion. While the number of ransomware attacks has
With the stock market dropping 3,500 points last week, panicked over the latest coronavirus scare, COVID-19, public companies should expect plaintiff class action securities lawyers to pounce on any material misstatements or omissions made in their press releases and public disclosures, including misstatements about supply chain difficulties.
According to Thomas Insights, 60%
Law360 published an article recently with the title, “DoD Official Says Cyber is an Allowable Contractor Cost.” The article states that the U.S. Department of Defense (DoD) will allow defense contractors to treat the costs of bringing their cybersecurity programs in line with DoD requirements as an allowable cost and, therefore, reimbursable. Specifically, at the