TLDR:
- FBI Director Christopher Wray warns of Chinese cyberattacks on US infrastructure reaching new levels.
- OpenAI and Microsoft disrupt state-sponsored hacking attempts using AI technology.
The Chinese government has escalated its cyberattacks on U.S. infrastructure, with FBI Director Christopher Wray stating that these efforts pose a significant threat to national security. Wray highlighted the Volt Typhoon hacking network, which has been found within critical infrastructure and could be triggered to cause disruptions. Recent actions by OpenAI and Microsoft have also thwarted state-sponsored hackers, including those from China, attempting to misuse AI technology for malicious purposes.
Research by PYMNTS Intelligence reveals that consumer demand for enhanced data protection online is on the rise, with 40% of consumers prioritizing data security in online transactions. This underscores the importance for businesses to implement robust data protection measures. Additionally, strong data security influences consumers’ willingness to use payment vaults, with 77% considering it a critical factor and 58% being likely to do business with merchants offering secure payment services.