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

Written on Aug 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. 

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