Wife of Spanish PM to Stand Trial for Alleged Corruption, Embezzlement
Spanish Prime Minister Pedro Sánchez is facing renewed political pressure after a judge ordered his wife, Begoña Gómez, to stand trial, deepening a corruption controversy that already involves several of his relatives and close associates.
Why Anthropic Came to View Its Latest AI Model as a National Security Risk
Anthropic withheld its new artificial intelligence model, Mythos, from a broad public release after internal testing showed it could autonomously find and exploit serious software flaws, alarming company researchers and prompting banks and government agencies to move quickly to assess the threat.
U.S. Treasury to End Cyber Threat-Sharing Feed for Banks
The U.S. Treasury Department is shutting down a program that shared cybersecurity threat intelligence with banks and other financial firms after cutting its funding.
Magyar’s New Task: Dismantling the ‘Party-State’ Without Destroying the State
Hungary’s incoming prime minister, Péter Magyar, is pledging to oversee a broad anti-corruption campaign once in office, including the creation of new watchdog bodies and investigations of government contracts.
Grassley Questions Candor of UBS on Nazi-Linked Accounts
UBS AG is facing renewed pressure from the U.S. Senate Judiciary Committee over its handling of an investigation into possible Nazi-linked accounts at Credit Suisse, after the panel’s chairman accused the Swiss bank of withholding documents and obstructing a full review.
Orban’s Exit Comes with Shredded Documents and Sanctions Questions
Hungary’s incoming prime minister, Péter Magyar, accused outgoing Foreign Minister Péter Szijjártó on Monday of shredding documents related to European Union sanctions.
Britain’s Financial Regulators Are Scrambling to Assess Mythos Risks
UK financial regulators are urgently assessing the risks posed by Anthropic’s latest AI model after concerns that its ability to uncover software vulnerabilities could expose major financial institutions to new cybersecurity threats.
IBM to Pay $17mn to Settle DOJ Case over DEI Program
IBM agreed to pay $17 million to resolve allegations by the Trump administration that its diversity, equity, and inclusion policies discriminated against employees and job applicants, in the first settlement secured under the Justice Department’s new Civil Rights Fraud Initiative.
HSBC and Standard Chartered Get Their Hong Kong Stablecoin Licenses
Hong Kong has granted its first licenses for fiat-backed stablecoins to HSBC and a Standard Chartered-led joint venture, marking a significant step in the city’s effort to build a regulated market for virtual currencies used in finance and trade.
The World’s Largest Online Hub for Wildlife Trafficking? Facebook.
Facebook has become the dominant online platform for illegal wildlife trade, accounting for nearly 75 percent of the trafficking advertisements detected across 61 websites and apps over almost two years, according to a new report by the Global Initiative Against Transnational Organized Crime.