Risk management and fraud news from around the web: August 7 – 11, 2023

After WormGPT, FraudGPT emerges to help scammers steal your data 
The arrival of WormGPT and now FraudGPT signals that hackers are seizing the opportunity to create AI-powered chatbots to facilitate cybercrime and scams. 

C-suite, rank-and-file at odds over security’s role 
Half of executives say security is prioritized when implementing a cloud strategy. Most security workers beg to differ. 

8 data privacy concerns in the age of AI 
The proliferation of artificial intelligence comes with big questions about data privacy and risk. 

New definition of ‘fraud’ wipes out high-profile prosecutions 
Scandals in auditing, college admissions and a hedge fund are all hit by Supreme Court ruling.