SET Training - Banking and Fintech

By Stanley Epstein -  Introduction: More Than Just a Digital Nuisance When a cyberattack brought production at Asahi, one of Japan’s largest brewers, to a halt, the consequences were felt in local beer halls running out of popular lagers. Similarly, when hackers struck carmaker Jaguar Land Rover, assembly lines fell silent, costing the company millions per week. These incidents reveal a critical truth: cybercrime is no longer an abstract IT problem. It is a tangible force that can halt manufacturing, disrupt supply chains, and affect the availability of everyday consumer goods. While carried out by different criminal groups, many of these disruptive attacks share a common feature: the use of ransomware to paralyse a business and extort payment. The threat has evolved in sophisticated and surprising ways, and this article explores the most impactful new realities of the modern cybercrime landscape. Takeaway 1: Your Boss Is Calling—Or Is It? The Rise of AI-Powered Deception Artifici...

How Artificial Intelligence is Reshaping the Landscape of Job Fraud and Corporate Espionage By Stanley Epstein Introduction In the ever-evolving landscape of cybersecurity threats, a new and particularly insidious danger has emerged: the use of artificial intelligence (AI) to impersonate job candidates. This cutting-edge form of deception, utilizing deepfake technology, represents a significant escalation in the ongoing battle between cybercriminals and security professionals. As organizations grapple with this new threat, the very nature of hiring processes and corporate security is being called into question, forcing companies to adapt rapidly or risk falling victim to this high-tech fraud. The implications of this trend extend far beyond simple identity theft or financial fraud. By gaining access to sensitive corporate information through falsified job applications, cybercriminals can potentially inflict devastating damage on organizations, ranging from intellectual property theft ...

In 'The Unhackable Internet' veteran banking attorney and regulator Tom Vartanian argues for replacing today's Internet with a new, more secure network for financial business. Is he crazy — or a prophetic Cassandra for the age of digital money? Read all about it HERE .