AI use in industries will greatly impact future cyber and privacy risk landscapes due to vast data collection and processing for AI model training. However, AI tools face potential security and privacy risks if improperly handled. The insurance industry must focus more on data privacy amid such risks. Cyber breaches are most effectively mitigated with good cyber hygiene and AI’s potential for early detection and quick response.

North Korean Hackers Use Fake U.S. Companies to Spread Malware in Crypto Industry: Report
North Korean hackers reportedly set up shell companies in the US to penetrate the crypto sector and target developers via fake job offers, according to