October 14, 2024
India Central Bank Head Warns of AI ‘Opacity’ in Finance

The head of India’s central bank is warning about AI use in financial services. Reserve Bank of India Governor Shaktikanta Das said Monday (Oct. 14) that the increased usage of artificial intelligence...

October 11, 2024
This Week in AI: Zoom Avatars, Amazon Guides and Priceline...

As artificial intelligence (AI) avatars transform remote collaboration and personalized shopping guides redefine eCommerce, data security and corporate espionage concerns intensify. Meanwhile, the Nobel Prize honors AI pioneers in protein...

October 10, 2024
Bank of America: Cybercrime Could Be ‘World’s Third-Largest Economy’

The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). “If cybercrime damage were a state, it would be the world’s third-largest economy,” Bank of America...

October 10, 2024
FTC Refunds $449K to Victims of Extended Warranty Scam

The FTC is refunding $449,000 to victims of a telemarketing scam involving extended automobile warranties. According to a Thursday (Oct. 10) news release from the Federal Trade Commission (FTC), the scam was carried out...

October 10, 2024
Fidelity Investments Discloses Data Breach Affecting 77,099 Customers

Fidelity Investments has disclosed a data breach that affected 77,099 customers. The breach occurred Aug. 17 and was discovered Aug. 19, the financial services company said in data breach notifications...

October 10, 2024
64% of SMBs Face Delayed Payments

Accounts payable (AP) remains a pain point for businesses of all sizes, particularly those that still rely on legacy methods like checks. The adoption of embedded payments presents an opportunity...

October 09, 2024
FTC Requiring Marriott to Certify Security Program After Data Breaches

The Federal Trade Commission (FTC) plans to require Marriott International and its subsidiary Starwood Hotels & Resorts Worldwide to implement a comprehensive security program. This plan is part of a proposed settlement order...

October 09, 2024
OpenAI Says China-Backed Phishing Attempt Targeted Employees

OpenAI says hackers connected to the Chinese government attempted a phishing attack on its employees. The artificial intelligence (AI) company revealed the attempt Wednesday (Oct. 9) in a report on its attempts to...

October 08, 2024
Walmex Awaits Antitrust Ruling as Mexican Regulator Probes Alleged Practices

Walmart de México y Centroamérica (Walmex), the Mexican division of U.S. retail giant Walmart, anticipates an imminent decision from Mexico’s antitrust regulator, Cofece, regarding an ongoing investigation into alleged anti-competitive...