Emerging Threat

Fraud appears to be worsening in the UK’s insurance sector, driven in large part by the submission of phony claims backed by AI-altered images. 

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.

The Internal Revenue Service has lost thousands of enforcement staffers since President Donald Trump returned to office. The cuts are fueling fears, and in some cases, hopes, that the agency’s capacity to enforce U.S. tax laws is diminished.

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.

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. 

Iran is seeking to collect transit tolls from oil tankers passing through the Strait of Hormuz in cryptocurrency, a move that could deepen the role of digital assets in the country’s sanctions-hit economy.

Companies importing goods from China are increasingly using accounting maneuvers, middlemen, and in some cases apparent fraud to reduce the value of shipments entering the United States and cut the tariffs they owe.

Chilean authorities uncovered organized criminal networks that investigators say stole, processed, and shipped copper on a vast scale to Peru and China, exposing a trade worth an estimated 817 billion pesos, or about $917 million, between 2020 and 2025.

Three Polymarket accounts made about $611,000 betting on a U.S.-Iran ceasefire before President Donald Trump’s conditional ceasefire announcement, according to a Decrypt report citing blockchain analytics firm Bubblemaps, in trades that renewed scrutiny of possible insider activity on prediction markets.

Trump’s crackdown on “debanking” is colliding with a core compliance problem for U.S. banks: the very policies his administration wants to curb have long given lenders a way to cut off customers they suspect of wrongdoing without violating federal secrecy rules.