ARTICLE
14 January 2020

Cybersecurity Threat To AI Including BEC!

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Foley & Lardner

Contributor

Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
Darkreading.com reported that "As applied use of AI/ML [Artificial Intelligence/Machine Learning] starts to advance and spread throughout a plethora of business and technology use cases
United States Technology

Darkreading.com reported that “As applied use of AI/ML [Artificial Intelligence/Machine Learning] starts to advance and spread throughout a plethora of business and technology use cases, security experts are going to need to help their colleagues in the business start to address new risks, new threat models, new domains of expertise, and, yes, sometimes new security solutions.”  The December 30, 2019 report entitled “How AI and Cybersecurity Will Intersect in 2020” included these comments about topic #2 Deepfake Audio Takes BEC Attacks into a New Arena:

Business email compromise (BEC) has cost organizations billions of dollars as attackers pose as CEOs and other senior-level managers to trick people in charge of banking accounts to make fraudulent transfers in the guise of closing a deal or otherwise getting business done. 

Now attackers are taking BEC attacks to a new arena with the use of AI technology: the telephone. 

[2019] This year we saw one of the first reports of an incident where an attacker used deepfake audio to impersonate a company CEO over the phone in order to trick someone at a British energy firm to wire $240,000 to a specious bank account. 

Experts believe we will see increased use of AI-powered deepfake audio of CEOs to carry out BEC-style attacks in 2020.

Here are all 6 risks and threats in the report:

  1. AI/ML Data Poisoning and Sabotage

  2. Deepfake Audio Takes BEC Attacks into a New Arena

  3. AI-Powered Malware Evasion

  4. Biometric's Cat-and-Mouse Game

  5. Differential Privacy Gains Steam to Protect Analytics Data

  6. Hard Lessons About AI Ethics and Fairness

No doubt that AI will be exposed to cyber risk in 2020!

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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