DataBreachToday.com

FIs Expected to Move from Periodic Reviews to Perpetual KYC
Banks are struggling to keep up with evolving KYC expectations. Despite efforts to modernize, outdated processes continue to leave compliance gaps, leading to increased regulatory action. Penalties for financial institutions surged with KYC-related fines more than doubling to $51 million.

Purchase Enhances Exposure Validation and Breach Simulation
AttackIQ has acquired Deep Surface to bolster its adversary exposure validation capabilities. The deal integrates vulnerability prioritization, identity discovery, and attack path analysis into AttackIQ’s breach and attack simulation platform, improving cybersecurity posture for enterprises.

Security Concerns, Chinese Ownership Drive Concerns
U.S. federal agencies and corporations with ties to the government are blocking employees from using Chinese chatbot DeepSeek over security and privacy concerns. China could potentially use DeepSeek AI models to spy on American citizens, acquire proprietary secrets and conduct influence campaigns.

'Advanced Planning Unit' to Focus on Societal, Economic, Workplace Implications
Microsoft has created a new research-focused entity as part of its artificial intelligence division to analyze and anticipate the technology's societal, economic and workplace implications. It will report directly to Mustafa Suleyman, CEO of Microsoft AI.

Isn't All Health Data Sensitive? Yes, But Safeguarding Some of It Is Even Trickier
Arguably all health information is sensitive. But some health data is regarded as especially sensitive, either through the eyes of regulators or the strong gut reaction of patients and others when there's a compromise. What are the challenges in protecting this ultra-sensitive data?

Lawmakers Demand Answers After Musk Aides Gain Access to Key Payment Systems
Reports that a Trump administration task force headed by Elon Musk gained access to sensitive government systems have rattled the cybersecurity community amid fears of misuse. "Working for Elon Musk does not give you some supernatural shield of cyber invulnerability," said Mark Montgomery.

OpenAI's New Cost-Efficient AI Reasoning Model Excels in Math, Coding, and Science
OpenAI has launched o3-mini, a high-performance AI model optimized for STEM tasks. The model offers enhanced reasoning abilities, reduced latency, and features like function calling and structured outputs. Available in ChatGPT and API, o3-mini surpasses its predecessor in coding and math accuracy.

Health Records of Children, Deceased Patients Among Compromised Data
Community Health Center, which has a dozen primary care, dental and other clinics in Connecticut, is notifying nearly 1.1 million people - including pediatric patients and their parents and guardians - that their information was potentially stolen in a cyberattack detected earlier this month.

Governmental Agencies Won't Meet 2025 Goal of Bolster Cybersecurity
The British government fell short of its goal of significantly fortifying civilian IT systems to withstand cyberattacks by 2025, warned auditors in a report highlighting that much of officialdom runs on legacy systems. Nearly half of the government IT budget goes to keeping legacy systems running.

Series B Funding to Drive Seraphic's Innovation in Browser Security, AI Governance
Seraphic Security secured $29 million to scale its enterprise browser security solutions. With growing cyberthreats, CEO Ilan Yeshua highlights the need for AI-driven security, governance and compliance. The company plans to expand its North American presence and strengthen partnerships.

Researchers uncovered flaws in large language models developed by Chinese artificial intelligence company DeepSeek, including in its flagship R1 reasoning application. The security concerns come as Microsoft and OpenAI investigate whether DeepSeek developed used data scraped from an OpenAI API.

Banks Shift Blame to Social Media, Telecoms While Scam Victims Pay the Price
If you're the victim of a scam in Australia, the chances of being reimbursed for your stolen funds are low. In fact, the AFCA ruled in favor of full reimbursement for victims in only 4.8% of its cases in 2024, highlighting the difficulty consumers face in disputing fraud-related losses with banks.

Banks Shift Blame to Social Media, Telecoms While Scam Victims Pay the Price
If you're the victim of a scam in Australia, the chances of being reimbursed for your stolen funds are low. In fact, the Australian Financial Complaints Authority ruled in favor of full reimbursement for victims in only 4.8% of its cases last year, highlighting the difficulty consumers face when disputing fraud-related losses with their banks.

'There's a Lot of Confusion Going On'
A halt on new contract awards by the federal government's top procurement agency has thrown vendors into confusion, raising concerns about its ripple effects. White House announcements are "definitely causing confusion" among cybersecurity contractors and officials, an industry analyst said.

Ransomware Attack on the Center Is the Latest Assault on Blood Supply Chain
A New York blood center and its divisions that serves hospitals in several states are dealing with ransomware attack disrupting donations and other activities. The attack - the latest assault on a blood supplier - comes just days after the center declared a blood shortage emergency.

Feds Warn Flaws Could Lead to 'Simultaneous Exploitation' of All Devices
U.S. federal authorities are warning that cybersecurity vulnerabilities in two brands of patient monitors used in healthcare settings and in patients' homes can allow remote attackers to take control of the devices when connected to the internet, posing safety and data privacy concerns.

Google Says Iranian and Chinese Threat Group the Most Active
Iranian and Chinese threat actors are using Google's artificial intelligence application Gemini for vulnerability scanning and reconnaissance activities, with some attempting to bypass security guardrails of the application, the computing giant disclosed.

Tips on Relationships and Empathy That CISOs Should Know Before the Next Crisis
Emotional Intelligence is the ability to recognize, understand, manage and influence both your own emotions and those of others. It encompasses five key areas: self-awareness, self-regulation, motivation, empathy and social skills that enable leaders to build trust and manage teams effectively.