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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
Jensen Huang Predicts New AI Models Will Drive Massive Cybersecurity Demand
2+ day, 4+ hour ago (318+ words) Cybersecurity will be the artificial intelligence industry’s next big market, in part because of the capabilities of new AI models set to be released by AI labs, Nvidia Founder and CEO Jensen Huang said Thursday (Sept. 10). Because those who can…...
Crypto Platforms Lose $3.6 Billion to Hacks Despite Security Audits
4+ day, 15+ hour ago (355+ words) Hacks and theft cost cryptocurrency platforms over $3.6 billion in the last 18 months. That’s according to recent findings by CoinGecko, cited in a report Tuesday (Sept. 8) by CNBC, which notes most of these incidents — the results of cyberattacks and stolen passkeys…...
Amazon Adds Alexa Scam Protection as Consumer Fraud Losses Rise
1+ week, 3+ day ago (260+ words) Amazon announced Wednesday (Sept. 2) that it is giving consumers a new way to fight back against one of scammers’ most effective weapons, impersonation. The company is adding a feature to Alexa for Shopping that can verify whether an email, text,…...
Wall Street???s New Cybersecurity Threat Starts With a Phone Call
1+ mon, 5+ day ago (577+ words) Wall Street’s cyber weak point is shifting from networks to identities. Attackers are bypassing traditional defenses by impersonating IT help desks, stealing credentials and turning legitimate cloud access into a breach vector. Financial firms are prime targets because their data…...
Appeals Court Overturns Ban on Perplexity AI Shopping Agents on Amazon
1+ mon, 1+ week ago (352+ words) A U.S. appeals court overturned a March ruling that temporarily barred Perplexity’s artificial intelligence-powered agentic shopping tools from accessing Amazon’s platform, Reuters reported Tuesday (Aug. 4). When overturning the ban on Tuesday, the appeals court ruled that Amazon was unlikely to succeed…...
Ransomware Negotiator Gets 6 Years in Prison for Assisting Scammers
2+ mon, 5+ hour ago (442+ words) A cybersecurity expert has been sentenced to prison for helping criminals scam his clients. Angelo Martino, 41, who had served as a ransomware negotiator for the company Digital Mint, was sentenced to 70 months in federal prison last week, according to an…...
Apple Supplier Foxconn Hit With Ransomware Attack
3+ mon, 4+ week ago (362+ words) Foxconn, which manufactures products for Apple and Google, is reportedly recovering from a ransomware attack. A company spokesperson confirmed the incident for web publication BleepingComputer Wednesday (May 13), following claims earlier in the week by the Nitrogen ransomware operation that it…...
Google Thwarts First AI-Generated Zero-Day Exploit
4+ mon, 1+ day ago (373+ words) Google Threat Intelligence Group (GTIG) said Monday (May 11) that it identified and may have prevented the use of the first zero-day exploit developed with artificial intelligence. Writing in the latest GTIG AI Threat Tracker, which was released Monday (May 11), GTIG…...
Fiverr Denies Report of Data Leak
4+ mon, 3+ week ago (251+ words) Freelance services marketplace Fiverr denied a media report that it leaked sensitive data. The company made the denial in a reply to a Cybernews post on X that invited readers to “Learn what sensitive documents are leaked.” In the article…...
White House Tells Banks to Use Anthropic to Spot Vulnerabilities
5+ mon, 8+ hour ago (395+ words) JPMorgan Chase, Goldman Sachs, Citigroup, Bank of America and Morgan Stanley are among the banks testing the tool internally, the report added, citing sources familiar with the matter. These sources added that U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair…...