The use of artificial intelligence in the cyber arena has been a hot topic for some time now, but in this space there has been no shortage of innovation.
In fact, we may have seen a real-world example of a cyber attack that involved an attack that was far more sophisticated than even some of the recent breaches that have plagued our personal and professional lives.
The malicious code in question, dubbed the ‘Pwn2Own’ attack, has been used to compromise hundreds of thousands of accounts and has left a trail of havoc in its wake.
While the attack is believed to have been perpetrated by a Russian hacking group, this is not the first time this has happened.
In 2013, a similar attack was used to attack a major American bank and resulted in $300 million in damages.
The Pwn2own hack was also carried out by an Israeli group, though this attack was less damaging.
The ‘pwn2’ in this case refers to the target’s credentials and credentials are used to verify the identity of the person being attacked.
In this case, the attacker is using a customised version of the OpenSSL cryptographic library to compromise the bank.
This latest attack is far from the first to take place on a financial institution, but it is certainly one of the most successful.
While some of these attacks have involved the theft of credentials, many others involved the misuse of banking credentials, including those used by credit card companies.
This may seem like a relatively small problem when one considers that it was only recently that the average American is using their credit card for most purchases.
But as soon as we begin to associate this with our bank accounts, it can start to become a problem.
When it comes to the attack on Equifax, the breach was carried out using a malicious application called ‘WannaCry’, a malware that is believed by the US National Security Agency (NSA) to have originated from China.
‘WanaCry’ was first deployed by the Chinese government, and was used by hackers to spread a virus through a wide range of online platforms.
The virus spread rapidly and was first detected by security firm CrowdStrike in May 2017, shortly before Equifax was hacked by a group known as Shadow Brokers.
The ransomware infection that infected Equifax accounts was then used to further infect other financial institutions, including the United States.
This time around, the attackers targeted Equifax because it was one of several major companies which had recently announced a ‘major vulnerability’ in their data centres.
The breach was triggered by a vulnerability in Equifax’s credit card processing system, and a vulnerability that was later found in the company’s data centre in the US.
This vulnerability was in fact not found by the company until six months later, in late February.
According to a recent article published by Bloomberg, the US financial services giant was targeted by a cyber-attack because the company was not using a security protocol that had been widely adopted by other financial firms in the past.
In other words, it was using an outdated protocol that was not properly updated.
This protocol was developed in 2006 and was only updated in 2015.
The article went on to say that it is highly unlikely that any other company in the world has been attacked with the same degree of severity.
In addition, the security breach was discovered during a period of heightened interest in cybersecurity, and the government has been actively looking into the matter.
This raises an interesting question, though: is there a need to protect financial institutions?
While this is something that has become increasingly common in recent years, it is not necessarily a priority for the government.
As the Bloomberg article noted, it’s unlikely that a cybersecurity breach would have been prevented if Equifax had used the standard US standard for credit card authentication and stored its credit card data locally, and only used a private cloud service to store the data.
Instead, Equifax implemented a system that was based on a ‘self-service’ approach, and it had a proprietary security software called ‘SmartSec’.
The company stated that this software was only used for internal purposes and was not meant to be used for the public.
While it is true that these security protocols are not widely used, it doesn’t mean that the government should not be looking into them.
A number of security experts have previously stated that there are ways to secure the use of these protocols in the future.
In the same Bloomberg article, it also stated that the Equifax breach was not the result of a hack, and that there were several reasons for it to be considered as such.
In this case the hack is a result of the misuse and misuse of credit cards by companies, which is something the US government has not been keen on addressing for some years now.
If there is a way to protect credit card holders, there should be a way for the US to do it, and this is precisely what the Department of Homeland Security (DHS) has been trying to address by creating the Identity Theft Identity Protection Fund (ITIF) in 2017.
The ITIF is meant