Capital requirements for operational risk in Europe rose 50% over two years.
“capital requirements for operational risk rose 50% in Europe over two years.”
Person
Anke Raufuss
1 episodes · 5 quoted claims
A newspaper story described a person in Australia who used an AI agent to book a popular pilates class.
“Someone in Australia, very innovative bunch of people, was tired of racing to book a spot in a popular pilates class.”
In the story, the AI agent exploited a vulnerability in the gym's booking system, manipulated the wait list and cancelled another person's reservation.
“It found a vulnerability, uh, in the gym's booking system, manipulated the wait list and canceled someone else's reservation to move its owner up the queue.”
A crash of a widely deployed endpoint security tool affected 8.5 million devices and caused an estimated more than $5 billion in damage to Fortune 500 companies, according to Raufuss.
“8.5 million devices globally not getting the right updates in time and causing an estimated five, more than 5 billion damage, uh, to fortune 500 companies.”
A bank had its non-essential IT activities paused for six months after a series of system failures.
“a bank's non essential IT activities were being paused for for six months after a series of system failures.”