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European financial firms are battling a huge rise in third-party breaches
Financial services firms across Europe are contending with a sharp rise in third-party and fourth-party breaches, new research shows, with nearly every major financial institution across the region hit during the last year. Breaches of these kinds increased by a quarter compared to the year prior, according to SecurityScorecard. Indeed, 96% experienced at least one third-party breach in the past…
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This startup wants to transform the legal profession: Wordsmith AI just raised $25 million to drive agentic AI adoption for general counsels and fuel the rise of ‘legal engineers’
Wordsmith AI, a Scottish startup specializing in AI agents for legal professionals, has raised $25 million in a funding round led by Index Ventures. The investment, which builds on a $5 million seed funding round last year, brings the Edinburgh-based startup’s valuation to $100 million and will be used to scale out its AI infrastructure and drive global expansion. Founded…
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Number of US workers with side hustles reaches all-time high as economic worries rise – Computerworld
JobLeads analyzed data from the Online Labour Observatory and the World Bank Group to reveal the countries dominating online gig work. The United States is leading in the number of online freelancers, with 28% of the global online freelance market. Software and tech roles dominate in the US, representing 36.4% of freelancers, followed by creative/multimedia (21.1%) and clerical/data entry jobs (18.2%). Emily Rose McRae, a…
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‘The AI boom has fueled a wave of overfunded startups that look healthy on the surface’: Cash is flowing into AI startups, but investors have warned of the rise of ‘zombiecorns’ as companies struggle with revenue growth
While cash is flowing into the AI startup space, alarm bells are ringing over the long-term viability of many up-and-coming firms. A new report from Silicon Valley Bank (SVB) shows venture capital investment in AI firms has soared in recent years. Analysis from the bank found roughly 40% of all investment raised by funds last year came from those that…
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‘Employees aren’t having it’: European workers are pushing back on the US-style ‘always on’ work culture – many are worried about the rise of ‘hustle culture’ and a third would quit if forced back to the office
European workers are looking warily across the Atlantic, worried that US corporate culture could start creeping in across the region. More than eight-in-ten employees across the UK, France, Germany, Italy, and Spain told careers site Zety that high-pressure US work environments, highlighted by figures such as Elon Musk, could start influencing their own workplace. A third said they’d start looking…
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AI-powered banking fraud on the rise – but financial institutions are fighting back
More than half of banking fraud now involves the use of AI with banks using the same tools to fight back – but unlike the criminals, they’re hampered by ethical considerations. Research from financial crime prevention platform Feedzai revealed that 92% of financial institutions are seeing fraudsters use generative AI. More than four in ten financial professionals reported that deepfakes…
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HyperX Alloy Rise 75 Keyboard Is 50% off for the First Time Ever
HyperX Alloy Rise 75 Wireless HyperX Alloy Rise 75 features extensive customization, from RGB lighting to key inputs. Equipped with red linear switches, a gasket-mounted board, and three modes of connectivity, the Alloy Rise 75 caters to a casual and competitive gaming audience. The HyperX Alloy Rise is getting a huge discount, which puts it at the lowest price point…
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Google blocked over 5 billion ads in 2024 amid rise in AI-powered scams
Google blocked 5.1 billion ads and suspended more than 39.2 million advertiser accounts in 2024, according to its 2024 Ads Safety Report released this week. The company says the increasing enforcement activity is caused by the growing threat of AI-generated content, impersonation scams, and abuse of its ad platform. In particular, Google highlighted the use of generative AI tools to create deepfake…
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Global cybersecurity spending is set to rise 12% in 2025 – here are the industries ramping up investment
Global cybersecurity spending is expected to surge this year, fueled by escalating state-sponsored threats and the rise of generative AI, according to new analysis from IDC. Statistics from the consultancy’s Worldwide Security Spending Guide show spending is expected to grow by 12.2% across the year and to hit $377 billion by 2028. The bulk of this spending – 70% –…
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Security experts issue warning over the rise of ‘gray bot’ AI web scrapers
Security firm Barracuda has called for organizations to factor AI bots that scrape data from public websites into their security strategies, labelling them not as good or bad bots, but “gray bots”. Defining these three categories of bot, senior principal software engineer for application security engineering at Barracuda Rahul Gupta said: “There are good bots – such as search engine…
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