Cyber

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street executives this week to warn that a new artificial intelligence model from Anthropic could mark the start of a more dangerous phase in cybersecurity.

UK and U.S. officials are warning of rising cyber risks driven by Russia- and Iran-linked hacker groups, according to new reports by the Financial Times and Bloomberg. 

A sprawling scam compound on Cambodia’s border with Thailand housed an estimated 10,000 workers and included offices, dormitories, villas, and restaurants, underscoring the industrial scale of Southeast Asia’s cyberfraud industry.

Hackers infiltrated Washington, D.C.-based Jones Day and stole data on 10 of its clients via a phishing-related cyberattack.

Americans reported more than 1-million internet-crime complaints to the FBI in 2025, with disclosed losses rising to a record $20.877 billion, up 26 percent from the prior year, according to the bureau’s annual IC3 report published Monday. 

Drift Protocol, the largest decentralized perpetual futures exchange on the Solana blockchain, was exploited for about $286 million in a hack that blockchain analytics firm Elliptic said bore multiple indicators of a possible North Korean link.

Tehran has intensified cyber attacks against Israel and the United States in response to the Iran war, using operations designed to spread fear, gather intelligence, and support military targeting.

Iran-linked hackers have stepped up cyberattacks on Israel in recent weeks, wiping data at more than 50 small businesses and compromising about 50 public security cameras, Bloomberg reported Tuesday, citing Israel’s top civilian cyber official.

Britain’s Financial Conduct Authority (FCA) defended its decision to award a short-term artificial intelligence contract to Palantir Technologies on Tuesday, telling lawmakers the U.S. firm would not have access to regulatory intelligence as concerns mounted over sensitive data and the growing reach of major technology providers in government.

The European Commission is preparing to unveil an action plan against digital fraud before the summer as it seeks to strengthen the European Union’s response to a surge in online scams and cyber-enabled financial crime.