New, sinister scam targeting FIs

first_imgA credit union employee picks up the phone. On the other end is the voice of the CEO requesting that money be transferred to a new vendor he says the credit union has just selected. The employee follows orders and makes the transfer. The funds go to a scammer. And the voice of the CEO? It wasn’t the CEO.Scams targeting CUs aren’t new, but a new ruse is more sinister than ever, and even more difficult to discover. And one security expert believes a new type of “deepfake” crime that leverages artificial intelligence is on the verge of exploding—adding credit unions could be a prime target.“Credit unions need to watch out because they’re small and they are the types of people who can be easily fooled by this crime,” said Richard Henderson, head of global threat intelligence at Lastline. “This crime is mind-boggling and terrifying.”As CUToday.info reported, criminals recently used artificial intelligence-based software to impersonate the voice of one company’s CEO to demand a fraudulent transfer of €220,000 ($243,000). Law enforcement said the CEO of the U.K.-based energy firm thought he was on the phone with his boss, the CEO of his company’s German parent company, who was requesting that funds be sent to a supplier in Hungary. The fake-CEO caller said the request was urgent, and he directed the executive to pay within an hour. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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PREMIUMData protection bill: Lawmakers, activists warn of abuse of power

first_imgForgot Password ? The government and the House of Representatives have begun the deliberation of the long-awaited personal data protection bill. The proposed bill looks to create a comprehensive regulatory framework to ensure the safety of private data, but critics warn of the potential for abuse of power.The bill, drafted by the government, is in the spotlight for a failure to regulate equal sanctions for personal data misuse conducted by the government, private sector and the public.The government has also failed to include clear provisions on the establishment of an independent data protection authority to monitor and analyze the use of personal data in the proposed bill, disappointing lawmakers in the House’s Commission I overseeing defense, foreign affairs, information and intelligence.”In the bill submitted to the House, the government did not include provisions [regarding the… Google Log in with your social account Topics : LOG INDon’t have an account? Register here Linkedin Facebook data-protection-bill data-protection #data-protection #data-protection-bill house-of-representativeslast_img read more

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Frank Lampard backs Carlo Ancelotti ahead of potential Arsenal move

first_imgFrank Lampard backs Carlo Ancelotti ahead of potential Arsenal move Comment Frank Lampard has spoken out on Carlo Ancelotti ahead of the Italian’s possible move to Arsenal (Getty)Frank Lampard has given his backing to Carlo Ancelotti ahead of the Italian’s potential move to Arsenal.Ancelotti was sacked by Napoli on Tuesday evening despite guiding the team to a 4-0 victory over Genk in the Champions League.That result was Napoli’s first win in 10 matches and now the Serie A club have dismissed Ancelotti and are set to replace him with Gennaro Gattuso.Arsenal, meanwhile, are keen to hold talks with Ancelotti as they search for a long-term replacement for Unai Emery.ADVERTISEMENTAnd Ancelotti’s return to the Premier League would see him come up against Lampard, who won the Premier League and FA Cup when playing under the Italian at Chelsea. Advertisement Lampard won the Premier League and FA Cup with Ancelotti at Chelsea (Getty Images)More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘He always handles himself brilliantly.‘I think he can work anywhere in the world at the top level, of course.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenalcenter_img Carlo Ancelotti was sacked by Napoli on Tuesday evening (EPA)‘I have huge respect for him, I am very sorry for him,’ said Lampard.AdvertisementAdvertisement‘I know it was a tough job for him lately.‘I saw his interview before the game and I thought it was a very typically classy interview in what seemed a very tough time for him. Metro Sport ReporterWednesday 11 Dec 2019 10:25 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Advertisementlast_img read more

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