Alphabet CEO Sundar Pichai is confident that Google will find a way to make money selling access to generative AI tools. Microsoft CEO Satya Nadella says his company is already doing it. Both companies reported better-than-expected quarterly sales and profit on Thursday. And the stock prices of both soared on the results, with Alphabet further […]
Last updated 15 April, 2024 DJs who stream on Twitch may soon have to share any money they earn with record labels, according to Twitch CEO Dan Clancy. Interviewed by channel TweakMusicTips, Clancy revealed that Twitch is close to agreeing a deal where both DJs and Twitch itself will have to share money with labels […]
Cybercriminals are using a massive network of hired mules in India and an Android-based money transfer application to launder illicit proceeds, researchers have found. According to an investigation by the Singapore-based cybersecurity company CloudSEK, the money mules — who are recruited to receive and then quickly transfer funds to obscure their origin — are managed […]
Cybercriminals are using a network of hired money mules in India using an Android-based application to orchestrate a massive money laundering scheme. The malicious application, called XHelper, is a “key tool for onboarding and managing these money mules,” CloudSEK researchers Sparsh Kulshrestha, Abhishek Mathew, and Santripti Bhujel said in a report. Details about the scam […]
The Department of Defense provided new projections for how much money contractors and other organizations will have to spend to implement the Pentagon’s Cybersecurity Maturity Model Certification program. The updated estimates were included in a proposed rule for CMMC 2.0 that was published Tuesday in the Federal Register. The program would mandate that defense contractors […]
Four US residents have been charged with a series of money laundering offenses connected to a major “pig butchering” fraud syndicate. Lu Zhang, 36, of Alhambra, California; Justin Walker, 31, of Cypress, California; Joseph Wong, 32, of Rosemead, California; and Hailong Zhu, 40, of Naperville, Illinois, are charged with conspiracy to commit money laundering, concealment […]
Cybercriminals have devised a creative way to attempt to scam money from people: They use a feature of Google Forms quizzes to generate spam messages, researchers found. Abuse of Google Forms — part of the company’s free Workspace suite — has been tracked for several years, but the use of a specific feature within quizzes […]
While the federal government knows how to throw money at a problem, it needs to do a better job at helping civilian agencies understand the complex risks when it comes to protecting itself against cyberattacks, according to a six-month study by the Center for Strategic and International Studies. The report examined the Cybersecurity and Infrastructure […]
Kosi Goodness Simon-Ebo, a Nigerian national, pleaded guilty to wire fraud and money laundering through business email compromise (BEC) schemes, resulting in millions of dollars in losses.