Perhaps the biggest near-term AI opportunity is reducing cybercrime costs, according to think tank Cato Institute. With serious attacks unfolding almost daily, digital insecurity’s economic weight has truly grown out of control. Cybersecurity Ventures estimates annual cybercrime costs will hit $10.5 trillion in 2025, a showstopping 9 percent of global GDP, making it the world’s third-largest economy....Read More
Four individuals have been arrested by the National Crime Agency (NCA) in connection with sophisticated cyber attacks that targeted some of Britain’s most prominent retailers, including Marks & Spencer, Co-op, and Harrods. The arrests, made this morning across the West Midlands and London, represent a significant breakthrough in the investigation into attacks that disrupted major...Read More
With scams and cybercrime rapidly on the rise across the world, Redland City Council is taking steps to help protect the community through hosting a series of free sessions on how to stay safe online. Acting Mayor Julie Talty said Council, through the Digital Transformation Program, was pleased to support delivery of a series of...Read More
Federal immigration officers arrested nearly a dozen men in the Twin Cities, all of whom ICE says are convicted sexual predators. The Department of Homeland Security even called out Governor Tim Walz, saying under his leadership, these men have been walking freely, terrorizing American children. ICE says all 11 men arrested last month have ties...Read More
Nationwide Building Society has enlisted Microsoft and Accenture for an AI-powered overhaul of its cybersecurity operations. Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Accenture and Microsoft are co-investing in the development of generative AI-driven cybersecurity tools to help organisations...Read More
The SafePay ransomware group has been active since fall 2024 and has increased its activity this spring and summer. According to NCC Group, SafePay hit the most victims of any threat actor in May 2025—it is linked to 248 victims to date, according to Ransomware.live and RansomFeed. The group uses common tactics, including social engineering with...Read More
Russia, home to some of the world’s most lucrative and damaging cybercrime operations, has rejected a bill to legalize ethical hacking. The State Duma, the lower house of Russia’s general assembly, blocked the bill’s passage into law on various grounds, including concerns over how state secrets held on government and critical infrastructure systems could be...Read More
FRESNO, Calif. – Operation Covid Chatdown resulted in 34 men being arrested in Fresno, California for soliciting sexual acts from individuals they believed were 12- or 13-year-old children but were actually undercover law enforcement operatives. “These abhorrent attempts by predators to exploit innocent children for immoral and illegal sexual gratification have no place in American...Read More
Social media, once a platform for connection and entertainment, has now turned into a breeding ground for cybercrime across the state. What was once just a part of people’s daily routines has, alarmingly, become a prime channel through which fraudsters operate. According to recent data, nearly 61 per cent of financial and social media-related fraud...Read More
WASHINGTON (TNND) — The FBI and Justice Department announced on Wednesday the arrest of 205 alleged child sex predators in the last week in “Operation Restore Justice.” Attorney General Pamela Bondi and FBI Director Kash Patel praised the “historic, unprecedented national nationwide operation” during a news conference and thanked the 55 FBI field officers who...Read More
