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Consumers filed 2.6 million fraud reports in 2024, claiming total losses of over $12.5 billion, an increase of over $2 billion compared to the previous year, the Federal Trade Commission says. Data collected from the FTC’s Consumer Sentinel Network shows that more than 6.47 million consumer reports were filed last year, the majority of which were in the fraud (2.6 million) and identity theft (1.1 million) categories. While the number of received fraud reports did not increase compared to 2023, more people reported losing money to fraud last year, when 38% of individuals reporting fraud said they lost money, reads…

Tietoevry has published its Sustainability Statement 2024 as part of its annual report, marking a pivotal shift in its sustainability approach.Tietoevry chief financial officer Tomi Hyryläinen said, “This Sustainability Statement provides comprehensive and transparent insights into Tietoevry’s sustainability impacts, risks and opportunities – aligned with the regulatory frameworks. Tietoevry’s Sustainability Pledge, launched in 2024, is our long-term plan focusing on areas where we can have the biggest impact: climate action, ethical conduct and social impact.”The company has made significant progress towards its sustainability targets. In 2024, Tietoevry reduced its greenhouse gas (GHG) emissions (scope 1 and 2) by 87%, building…

In recent months, DeepSeek, an advanced AI large language model from China, has garnered significant attention as a strong contender to ChatGPT. Its sudden rise is attracting not only legitimate users and developers but also malicious actors and scammers. Per recent reports, scammers have begun deceiving individuals and organizations by employing different tactics and capitalizing on the public’s curiosity and lack of familiarity with the technology. Let’s understand in more detail how scammers are exploiting the DeepSeek hype. Fake Websites Researchers tracked thousands of look-alike domain names and fake websites (around 2,600 websites surfaced between December 1, 2024 and February…

The European Commission has introduced the Omnibus Package, a significant regulatory reform aimed at reducing bureaucratic complexity in sustainability reporting.Zeidler recently delved into the new omnibus package and what it means for firms. Announced by European Commission President Ursula von der Leyen on 8 November 2024, the initiative seeks to streamline sustainability-related legislation and alleviate the regulatory burden on businesses. The Omnibus Package was officially published on 26 February 2025 and is designed to harmonise existing sustainability regulations across various sectors.The Omnibus Package targets two key objectives: minimising administrative burdens linked to sustainability compliance and aligning corporate sustainability reporting requirements. The…

Investment advisers with a 31 December fiscal year-end are in the midst of updating their Form ADV, with a deadline set for 31 March 2025.Ensuring a smooth filing process requires careful preparation, ACA Group recently offered a guide for firms in the process of preparing their Form ADV 2025 update.One of the most crucial steps is ensuring that the IARD (Investment Adviser Registration Depository) account is funded well before the deadline. The SEC does not accept Form ADV filings for accounts without sufficient funds, and high system traffic near the deadline could lead to delays. Advisers should deposit funds at…

WASHINGTON (AP) — The Education Department’s civil rights branch is losing nearly half its staff in the Trump administration’s layoffs, effectively gutting an office that already faced a backlog of thousands of complaints from students and families across the nation.Among a total of more than 1,300 layoffs announced Tuesday were roughly 240 in the department’s Office for Civil Rights, according to a list obtained and verified by The Associated Press. Seven of the civil rights agency’s 12 regional offices were entirely laid off, including busy hubs in New York, Chicago and Dallas. Despite assurances that the department’s work will continue…

Steel and aluminum are ubiquitous in Americans’ lives. A stainless steel refrigerator holds aluminum soda cans. A stainless steel drum tumbles inside an aluminum washing machine. They’re the metals used in cars and airplanes, phones and frying pans, skyscrapers and zippers.That’s why President Donald Trump’s 25% tariffs on all steel and aluminum imports — which went into effect Wednesday — could have widespread impact on manufacturers and consumers.Here are some of the industries and products that rely on aluminum and steel: ConstructionThe construction industry uses about one-third of all U.S. steel shipments, more than any other industry, according to the…

Strong and smart security operations teams are at the heart of any cybersecurity strategy, and today a startup that builds tooling to help keep them on their toes is announcing some funding on the back of a lot of growth. Pentera — which has built a system that launches simulations of network attacks to stress test software and human response — is announcing $60 million in funding, a Series D that values the Boston-based, Tel Aviv-founded startup at over $1 billion.  The funding will be used for M&A and to continue developing product, CEO Amitai Ratzon said in an interview.…

ICS/OT security firm Dragos on Wednesday published a case study describing an intrusion attributed to the notorious Chinese threat actor Volt Typhoon into the US electric grid. The target was Littleton Electric Light and Water Departments (LELWD), a small public power utility in Massachusetts that serves Littleton and Boxborough. The utility had been in the process of implementing Dragos operational technology (OT) security solutions when the intrusion was detected, which led to an expedited deployment. The case study published by Dragos focuses on the benefits of its solutions, including how they can be used to detect such intrusions and protect…

Elliot Wolf, the executive producer and son of “Law & Order” creator Dick Wolf, is entering a new venture aimed at engaging true crime fans.  He, along with co-founders Andrew Adashek (CEO) and Noah Rosenberg (CTO), are developing Wolf Games, a new startup that leverages AI to generate daily murder mystery games. The company also announced on Wednesday its $4 million seed funding round. Wolf Games’ flagship title is called Public Eye and capitalizes on the growing interest among true crime enthusiasts who often love to play detective.  Public Eye is set in a dystopian future where crime rates have…