News
Social media scams cost Americans $2. 1 billion in 2025
2+ day, 6+ hour ago (432+ words) Americans lost about $2. 1 billion to scams that started on social media in 2025, according to a new report from the Federal Trade Commission (FTC). The agency said these losses have grown sharply, rising eight times in recent years. Social media has…...
Why governments fear AI: What will force them to embrace it
3+ day, 12+ hour ago (352+ words) For the last 30 years, national bureaucracies and traditional economic institutions have shown the same pattern again and again. It took them nearly a decade to understand the difference between "hardware" and "software." They resisted e-commerce and desktop publishing until the…...
77% of Asian Americans fear AI scams, survey finds; deepfake fraud rising
6+ day, 11+ hour ago (547+ words) A new survey by Truecaller finds that 77% of Asian Americans fear AI-powered scams, with nearly one in three already falling victim to deepfake voice fraud, including immigration-based scams. The findings are even more striking for Asian Americans. A significant 77% of…...
Stecs Founder Habeeb Gbenle on building ethical fintech for underserved communities
2+ week, 12+ hour ago (1442+ words) Stecs is positioning itself carefully for growth, balancing regulatory compliance, product-market fit, and sustainability, as it aims to serve a growing demand for ethical finance across emerging markets. In an exclusive interview with The American Bazaar, Gbenle spoke about his…...
Anthropic Mythos sparks concerns among the finance community over security risks
1+ week, 6+ day ago (301+ words) Finance ministers, bankers, and financiers have expressed concerns about Anthropic's Claude Mythos, over its potential to undermine security of financial systems. Experts say the model potentially has an unprecedented ability to identify and exploit cybersecurity weaknesses, though others caution further…...
Cybersecurity firm identifies 108 malicious Chrome extensions affecting 20, 000 users
2+ week, 1+ day ago (298+ words) Cybersecurity researchers have discovered a new campaign where a cluster of 108 Google Chrome extensions has been found to communicate with the same command-and-control (C2) infrastructure with the goal of collecting user data and enabling browser-level abuse by injecting ads and arbitrary…...
Trump administration may be pushing banks to trial Anthropic Mythos
2+ week, 3+ day ago (356+ words) U. S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned bank executives for a meeting this week, where they encouraged the use of Anthropic's latest model to detect vulnerabilities, according to Bloomberg. While JPMorgan Chase was the only bank…...
Scott Bessent summons bank leaders to discuss Anthropic model's security risks
2+ week, 6+ day ago (369+ words) The U. S. Treasury Secretary summoned the CEOs of major U. S. banks to a meeting in Washington this week amid concerns over cybersecurity posed by Anthropic's latest model. According to reports, Jerome Powell, chair of the Federal Reserve, was among those gathered at…...
Hims & Hers hack: Telehealth company reports customer support system breach
3+ week, 6+ day ago (322+ words) Hims & Hers, a telehealth company that sells weight loss drugs and sexual health prescriptions, said that there was a data breach affecting its third-party customer service platform. The company said in a data breach notice filed with the California attorney…...
Cognizant hit with $8. 4 million verdict over alleged hiring bias
4+ week, 2+ day ago (255+ words) On Monday, the jury sided with Franchitti, awarding him $4. 2 million in back pay for lost wages and an additional $4. 2 million in punitive damages. However, it declined to grant compensation for future earnings or emotional distress. READ: Cognizant, Infosys top Texas…...