Tag: sec regulations
2 articles
Most S&P 500 Firms Neglect AI Cyber Risk Disclosures
Despite 97% of S&P 500 companies mentioning AI in their annual reports, a staggering gap exists: only 16% actually document a specific process for managing AI-related cyber risks. This revelation raises crucial questions about corporate transparency and preparedness in the face of emerging threats.
Data Analyst Sentenced for Extorting Employer in $2.5 Million Cyber Scheme
A 27-year-old data analyst turned cyber villain, threatening to spill sensitive salary info to the SEC unless his employer paid up - in a brazen $2.5 million extortion scheme that landed him in hot water. He made his demands in chilling messages, including one that read: We will commence the process of disseminating salary information starting January 1, 2024 in phases to all employees and will report you to the SEC after for not reporting the breach.