Apple’s App Store prevented $2.2 billion in fraudulent transactions last year. That’s according to the tech giant’s annual fraud prevention report, issued Wednesday (May 20) and showing that Apple has stopped more than $11.2 billion in fraudulent transactions in the last six years. Apple credits this...
Artificial intelligence is changing the economics of cybercrime, giving scammers and fraudsters a faster way to scale attacks that companies already struggle to stop. That is one of the central findings in Verizon’s 2026 Data Breach Investigations Report, which analyzed more than 31,000 real-world security...
Conventional wisdom has long held that larger enterprises possess natural advantages in cybersecurity and fraud prevention. Bigger budgets, deeper technical teams and greater access to advanced tooling should theoretically produce stronger defenses. In practice, those scale advantages did produce stronger enterprise cyber and identity defenses....
The World Economic Forum said cybersecurity threats have become a systemic risk to the global economy. “The ability to understand the strategic and economic impact of cyber incidents has validated it as a major systemic economic threat,” the WEF said in a report issued Friday...
Anthropic will reportedly meet with financial regulators about cyber defense weaknesses uncovered by its artificial intelligence model. The AI startup agreed to meet with members of the Financial Stability Board (FSB) to discuss Anthropic’s Mythos model, the Financial Times reported Monday (May 18). The meeting...
The April hacks of crypto companies Drift and Kelp DAO have shaken the crypto sector because those attacks may have been aided by artificial intelligence (AI), Bloomberg reported Friday (May 15). Following the hacks, which netted the attackers a total of almost $600 million, Drift shut down and plans...
Artificial intelligence is becoming part of the everyday operating system of financial services, from fraud detection and identity checks to customer service and transaction monitoring. While AI is useful for banks, it also raises a question for risk officers and regulators. What happens when automated...
Security researchers have reportedly bypassed Apple’s operating system using techniques based on Anthropic’s Mythos. According to a Thursday (May 14) Wall Street Journal (WSJ) report, this discovery from the security firm Califunderscores a changing cybersecurity landscape, where artificial intelligence (AI) is increasingly being used to break through even the...
A new Microsoft artificial intelligence (AI) system has reportedly outperformed Anthropic in a cybersecurity test. The system, dubbed “MDASH,” was introduced this week along with the revelation of 16 new vulnerabilities it uncovered in various versions of Windows, tech news website GeekWire reported Wednesday (May...