Silicon Valley Bank (SVB) was shuttered early this month and had its deposits seized in the largest U.S. bank failure since the 2008 financial crisis. Although it may seem like SVB’s collapse will only impact its direct customers and depositors, it is far more complicated. Like vultures to roadkill, cyber scammers often wait to exploit and target victims after tragedy strikes, or bad news arises. A perfect storm of stress, uncertainty, and urgency for customers and vendors alike during this time can impair someone’s judgement when they click links and open emails they otherwise would ignore or delete. Fortalice has outlined a few different ways cybercriminals social engineer their victims during times of extreme distress and insecurity.
With this Fortalice Solutions' Client Advisory, we hope to provide important takeaways for organizations regarding the usage of conversational ChatGPT, and other, lesser-known AI platforms. While there are some very tangible benefits to ChatGPT, Fortalice believes strongly that there is a need for risk assessments, updated policies, and processes to protect intellectual property and company-sensitive information.
In a matter of months, public companies will have several new rules to follow with respect to cybersecurity incident reporting. The Securities and Exchange Commission (SEC) proposed rules changes focus on ensuring the availability and comparability of public company disclosures across industries.