Losses due to cryptocurrency and BEC scams are soaring
Every type of fraud is on the rise, and 2023 was a particularly devastating year for victims of cryptocurrency and business email compromise (BEC) scams, according to the FBI. Cryptocurrency fraud Based on complaints filed to FBI’s Internet Cri.....»»
Guardio Critical Security Alerts monitors and analyzes scam activities
Guardio launched a new feature, Critical Security Alerts, which enables real-time alerts to identify and prevent financial scams, ensuring immediate intervention when suspicious browsing patterns are detected. According to the Federal Trade Commissio.....»»
The molecular shield: How tea plants combat drought through protein phosphorylation
Drought stress poses a significant challenge to agriculture, causing substantial yield losses in many crops. Tea plants, known for their rich flavonoid content which enhances both quality and health benefits, are particularly affected. Under drought.....»»
FTX to pay $12.7B to victims of Sam Bankman-Fried’s massive scheme
US commodities trading agency claimed its largest recovery ever for FTX victims. Enlarge (credit: NurPhoto / Contributor | NurPhoto) FTX, the bankrupt cryptocurrency exchange formerly helmed by fraudster Sam Bankman-Frie.....»»
Losses continue to pile up at Rivian and Lucid in Q2
Both EV makers have received large cash infusions to help stem cash burn and pay for continued operations......»»
Thunderstorms Have Caused $45 Billion in Damages in the U.S. in Just Six Months
Damage from high-frequency storms is rising faster than losses from major disasters such as hurricanes and wildfires.....»»
CrowdStrike cause revealed; small print may protect it from lawsuits
The cause of the CrowdStrike mess has been revealed by the company, together with the steps it has taken to ensure nothing similar can happen again. The company is facing a deluge of lawsuits over the estimated $5B worth of financial losses incurr.....»»
TrueCar"s Q2 net losses decrease thanks to higher dealer franchise revenue
The CDK cyberattacks caused some impact, but the vehicle listings company reduced losses, grew revenue and formally launched its enhanced TrueCar+ pilot......»»
AI-fueled phishing scams raise alarm ahead of U.S. presidential election
Highlighting growth of phishing and digital scams targeting United States citizens, Bolster released a research that identified 24 separate nation-state threat actor groups attempting to exploit rising political tensions across the US to interfere wi.....»»
GM’s Detroit agency cuts expected to cause big job losses — how one shop is helping talent recover
Doner pledges $1 million to hire Detroit talent as part of broader #HireDetroit program......»»
GM’s Detroit agency cuts expected to cause big job losses—how one shop is helping talent recover
Doner pledges $1 million to hire Detroit talent as part of broader #HireDetroit program......»»
Football fans watch out — Premier League ticket scams on the rise
Fraudulent tickets sold on social media cost victims an average of £154 - Manchester United and Liverpool fans most at risk......»»
Mac malware posing as apps like Loom, LedgerLive, and Black Desert Online
A “sophisticated and alarming” Mac malware attack is being carried out in the guise of free versions of popular apps like the screen recording utility Loom, cryptocurrency manager LedgerLive, and MMO game Black Desert Online. It appears to be.....»»
Dealerships warned about phishing scams tied to global cyber event
Two cybersecurity consulting firms are warning dealerships about scams relating to CrowdStrike's catastrophic software update on July 19......»»
Boeing’s Starliner has cost at least twice as much as SpaceX’s Crew Dragon
"Risk remains that we may record additional losses in future periods." Enlarge / A Starliner spacecraft departs Boeing's spacecraft processing facility before the program's first orbital test flight in 2019. Boeing anno.....»»
Stellantis says it will keep Maserati despite the brand"s heavy losses
Stellantis said it has an 'unwavering commitment' to Maserati despite a warning from the group's CEO Carlos Tavares that if the company's brands "don't make money, we'll shut them down.".....»»
Some good may come out of the CrowdStrike outage
Estimated financial losses due to the recent massive IT outage triggered by the faulty CrowdStrike update are counted in billions, but the unfortunate incident is having several positive effects, as well. Some silver linings As CrowdStrike was forced.....»»
Some dealer customers want higher CDK cyberattacks compensation
CDK said dealers it has spoken with have been ‘grateful and appreciative' of compensation offer. But some affected dealers said it doesn't cover their losses......»»
Early CDK Global DMS return helped ease Group 1"s Q2 losses
The auto retailer estimates it lost $17 million in pretax income in the second-quarter due to the CDK outage......»»
CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit
Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in it’s quarterly operating profit, forcing him to cut the company’s full-year earnings forecast......»»
Ally Q2 net income slips 11%; auto income down 19%
Ally Financial's net income fell 11 percent in the second quarter as the bank set aside more money in case of losses, experienced higher expenses and drew less net revenue from financing......»»