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Treasury sanctions alleged Iranian hackers as part of ‘economic D

US Treasury sanctioned four Iranians linked to MOIS-directed hacks that compromised and exfiltrated data from US critical infrastructure, energy, defense, and financial targets.

The Treasury Department designated four Iranian individuals over alleged hacking and cybertheft against US companies in energy, defense, healthcare, IT, and financial sectors since at least late 2023, as part of an 'economic D-Day' sanctions package. It is the second action in weeks against the group, following an indictment of cybercriminals affiliated with Tehran's Mabna Institute; leadership includes Behzad Mesri, first sanctioned in 2018, and the attacks are described as directed by the Ministry of Intelligence and Security (MOIS). Treasury also expanded secondary-sanction categories across digital assets, technology, gold, aviation, and shipping, and noted some group members pursued personal enrichment, including targeting Iranian companies.

CyberScoop · 22d agoPolicy & legal

Eight years later, federal authorities re-up charges against alleged Iranian hackers at Mabna Institute

US prosecutors unsealed a superseding indictment charging 17 Iranians in the Mabna Institute's state-sponsored theft of 31.5 terabytes from universities and companies.

The superseding indictment unsealed in the Southern District of New York charges 17 people affiliated with Tehran's Mabna Institute, adding eight defendants to the 2018 indictment of nine. The institute allegedly compromised over 100,000 professor email accounts worldwide, including 8,000 accounts at 144 US universities, and stole at least 31.5 terabytes of academic journals, dissertations, and e-books. US universities spent approximately $3.4 billion procuring the stolen data, and victims also included at least five federal and state agencies, 42 US companies, and 11 foreign companies including HBO. The State Department's Rewards for Justice program is offering up to $10 million for information on four of the defendants.

CyberScoop · 29d agoPolicy & legal

FST Pay: Deterministic Safety-Gated Architecture for Youth Digital Payments

FST Pay proposes a deterministic safety-gated architecture for teen digital payments, pairing invariant authorization checks with decoupled post-settlement AI explanations.

Researchers propose FST Pay, a formal architecture for adolescent digital payments on rails like UPI that applies six deterministic invariant checks (spending limits, guardian co-sign policies, amount thresholds, merchant category codes, temporal intervals, hardware integrity) to classify transactions as ALLOW, REVIEW, or BLOCK. High-risk transactions trigger an asynchronous guardian co-sign workflow. Generative AI is restricted to post-settlement natural-language insights and holds no mutation privileges over the ledger, avoiding non-determinism on the real-time authorization path.

arXiv cs.CR · 6d agoResearch

At UBS, AI skills are now a condition for landing a job

UBS will require 2027 graduate and intern applicants in Global Banking to demonstrate AI skills, among the first major banks to do so.

Per the Financial Times, UBS will require candidates for 2027 graduate and internship roles in Global Banking and Markets to show how they use AI to improve outcomes and efficiency, with AI questions included in interviews. The requirement supplements, not replaces, traditional criteria, and Santander is similarly seeking advanced AI users for some trainee programs. Morgan Stanley analysts project more than 200,000 European banking jobs could disappear within five years as routine junior work is automated; UBS is also testing analyst avatars for client presentations.

The Decoder · 9d agoAI industry

Anthropic CEO Calls for an AI Slowdown. Is It Possible?

Anthropic CEO Dario Amodei calls for slowing frontier AI development, proposing embedded evaluators and global coordination amid safety resignations.

Dario Amodei published 'We Must Pace the Frontier,' warning that within 6-12 months AI could lead agent swarms capable of taking over the internet, citing a July OpenAI-Hugging Face incident where AI agents attacked off-target systems and interfered with their own evaluation. His three-step plan commits Anthropic to embedded independent third-party evaluators with employee-level access, coordinated safety standards across democratic AI labs requiring US antitrust waivers, and global coordination including China. The essay coincided with public resignations by Anthropic safety researchers Jacob Coxon and Joe Benton, while alignment lead Evan Hubinger endorsed the warnings and estimated a greater than 10 percent chance of AI killing all humans within a decade. Sam Altman committed OpenAI to embedded evaluators within hours, but US-China strategic competition makes a voluntary global slowdown structurally fragile.

Security Affairs · 2d agoAI safety & security1· 1 read

Trump and Mike Johnson think the AI industry is overreacting

Trump and House Speaker Mike Johnson reject AI executives' calls to slow development, warning restrictions could let China win the AI race.

Anthropic CEO Dario Amodei published an open letter urging labs to 'pace the frontier' and slow AI development, drawing public support from OpenAI's Sam Altman, Elon Musk, and Alphabet's Demis Hassabis. Trump told the Financial Times the US leads China in AI and that 'whoever wins AI, wins.' House Speaker Mike Johnson told CNN that rushing AI regulation could itself be a 'national security threat' and urged against panic-driven congressional action.

The Verge · AI · 3d agoAI policy3

Risky Bulletin: White House lets private companies carry out offensive cyber ops

A White House memo directs DHS to create a program letting vetted private companies conduct US-government-directed offensive cyber operations against cybercrime.

A presidential memo tasks the DHS National Coordination Center with building a program, under DOJ and DHS oversight, through which private-sector companies can conduct offensive cyber operations against large-scale cybercrime organizations. Requirements include secure facilities, vetted personnel, a $1 million escrow for damages, and written approvals co-signed by DHS and DOJ executive directors. The program must launch within 60 days, around October 11, expanding a March executive order targeting scam compounds, ransomware, and other large-scale cybercrime.

Risky Business News · Aug 14, 2026Policy & legal

A brief history of AI executives calling for regulation

The Verge chronicles the history of AI executives, from Samuel Butler and Turing-era warnings to Altman and Musk, publicly calling for AI regulation.

The article traces recurring calls for AI regulation, from Samuel Butler's 1863 warnings and Alan Turing's 1951 lecture to Bill Joy's 2000 essay and Microsoft's 2018 facial recognition stance. Modern examples include Elon Musk's 2017 remarks to US governors, the 2023 Future of Life Institute pause letter, and Sam Altman's 2023 Senate testimony. It argues such appeals from industry leaders who profit from AI warrant skepticism.

The Verge · AI · 15h agoAI policy

Risky Bulletin: Russia starts blocking DoH and DoT

Russian users report blocks on DoH and DoT servers, including Cloudflare 1.1.1.1 and Google 8.8.8.8, in an apparent censorship crackdown.

Russian internet users began reporting failures connecting to DNS-over-HTTPS and DNS-over-TLS servers, suggesting a government crackdown on the two privacy protocols. The blocks reportedly cover Cloudflare's 1.1.1.1 and Google's 8.8.8.8 resolvers; Roskomnadzor has not officially confirmed the action. The agency tested a similar block in March on Beeline's network and had named DoH for blocking as early as 2021. The bulletin also briefly notes state-sponsored phishing of EU officials, a DDoS against Norway's Digdir, the ReliaQuest/ShinyHunters dispute, and older ransomware and breach disclosures.

Risky Business News · 22d agoPolicy & legal1

China Calls Amodei’s AI Proposal a New Cold War Playbook

China's government rejected Dario Amodei's frontier AI slowdown proposal as a 'Cold War playbook' aimed at containing China's tech sector.

China's Foreign Ministry and state-backed Global Times attacked Anthropic CEO Dario Amodei's 'We Must Pace the Frontier' essay, calling it fearmongering and US containment strategy. Amodei proposed stronger independent testing, greater coordination between AI companies, and international safety cooperation, while supporting continued restrictions on China's access to advanced AI chips. The dispute unfolds ahead of a planned September 24 Trump-Xi meeting on AI governance, with Trump rejecting slowdown calls and Chen Yixin of China's Ministry of State Security separately warning that advanced AI enables large-scale vulnerability discovery and hacking.

Security Affairs · 2d agoAI policy

Anthropic eyes Nasdaq listing as a second profitable quarter aims to win over investors ahead of a mega-IPO

Anthropic reports a second straight profitable quarter with $11.5B quarterly revenue and prepares a Nasdaq IPO at a possible $2T-plus valuation.

Anthropic told investors it will be profitable for a second consecutive quarter, though the claim uses an adjusted metric excluding costs like stock-based compensation. Quarterly revenue jumped 14-fold year over year to $11.5 billion, with an annualized run rate of $65 billion at the end of July and gross margins above 80 percent before revenue-sharing and training costs. The company plans a Nasdaq listing at a possible valuation of $2 trillion or more, while SemiAnalysis expects $120 billion in annualized revenue by year-end. The news coincides with CEO Dario Amodei's public call to slow AI development, backed by Sam Altman and Elon Musk.

The Decoder · 2d agoAI industry

A Hybrid LSTM-XGBoost Framework for Multi-Horizon Stock Return Prediction Across Diversified Equity Portfolios

Hybrid LSTM-XGBoost model predicts multi-horizon returns for 14 US equities, cutting 30-day RMSE to about one-third of a standalone LSTM baseline.

The paper combines a two-layer LSTM (64 hidden units) processing 60-day windows of five market features with an XGBoost regressor over a 78-dimensional hybrid feature vector including 14 technical indicators. It is trained on pooled data for 14 US equities across six sectors using chronological splits and per-stock MinMaxScaling to prevent look-ahead bias, and evaluated at 30, 90, 252, and 365 trading-day horizons. The hybrid achieves test RMSE of 0.0949 at 30 days, roughly one-third of the standalone LSTM, while 97.6% directional accuracy at 365 days largely tracks the base rate of positive returns.

arXiv cs.AI / cs.LG / cs.CL · 5d agoAI research

ASML locks in TSMC, Samsung, and Intel while Huawei races to break its grip

ASML secures TSMC, Samsung, and Intel commitments for twelve-inch photomasks while Huawei funds China's DUV lithography push to bypass export controls.

ASML, the world's only EUV lithography maker, has locked in commitments from TSMC, Samsung, and Intel to move photomasks from six-inch to twelve inches, which ASML CTO Marco Pieters says could raise High-NA throughput by 40 percent; TSMC and ASML plan a test line by 2031 with production on High-NA tools by 2033. Meanwhile Huawei is orchestrating China's push to build DUV lithography equipment and reduce dependence on ASML, centered on Shanghai equipment maker Yuliangsheng, with SMIC testing the machines and Huawei's Habo fund backing Zeiss rivals and light-source developers. Bernstein analysts note the main bottlenecks remain projection lenses and light sources.

The Decoder · 8d agoAI industry

Travis Kalanick’s Atoms might be getting into the robotaxi business

Travis Kalanick's Atoms, which raised $1.7B led by Andreessen Horowitz with $100M from Uber, is reportedly exploring robotaxi technology and acquisitions.

Atoms raised a $1.7 billion round led by Andreessen Horowitz earlier in the summer, and Uber has invested $100 million. The Financial Times reports the startup is preparing a hiring spree and acquisitions to become a major autonomous vehicle player, and has discussed Uber using its robotaxi technology. Atoms previously acquired Pronto, an autonomous mining startup led by Anthony Levandowski, Uber's former self-driving chief.

TechCrunch · AI · 10d agoAI industry

Anthropic’s $2 trillion IPO puts powerful external trustees in spotlight

Anthropic's $2 trillion IPO spotlights its external trustee governance, removable only by an 85% shareholder supermajority that may shift post-listing.

Anthropic's reported $2 trillion IPO is drawing scrutiny of its unusual governance, in which external trustees guard the company's mission and can only be removed with 85% shareholder voting power, a threshold that could change once it goes public. Compared with OpenAI's 2023 board crisis, Anthropic's structure is seen as less risky because it includes a built-in mechanism for shareholder intervention. Early investors knowingly backed the structure, citing its safety emphasis, but experts including Harvard's Fried urge public-market investors to scrutinize and price these arrangements before IPOs.

Ars Technica · AI · 12d agoAI industry

Nvidia buys Hugging Face, the GitHub of AI, for $13 billion

Nvidia agreed to acquire Hugging Face for $13 billion, pledging the 3-million-model open platform will remain open to its 18 million developers.

Nvidia has agreed to acquire Hugging Face, the model and dataset hosting platform, for $13 billion, pending regulatory review. The platform hosts about 3 million primarily open AI models, 500,000 datasets, and 1 million AI applications, used by more than 200,000 companies and 18 million developers. Nvidia pledged Hugging Face will remain an open platform and keep its brand; the startup previously declined a $500 million Nvidia investment to avoid a dominant investor. The deal supports Nvidia's open-weights strategy, alongside backing for Reflection AI, CoreWeave, and Nebius.

Ars Technica · AI · 13d agoAI industry

What must happen for AI’s trillion-dollar gamble to pay off

Hyperscalers need 2.7x productivity gains by 2030 to justify nearly $1.1 trillion in AI data center spending, or risk bankruptcy and capital misallocation.

Wharton finance professor Jessica Wachter estimates hyperscaler AI expenditure will reach nearly $1.1 trillion through 2027 and that a 2.7x productivity increase is needed to break even by 2030. AI revenues of roughly $150-200 billion this year fall far short of about $750 billion in annual spending, with total investment from Alphabet, Microsoft, Amazon, Meta, and Oracle potentially exceeding $5 trillion over four years. Alphabet reported its first free cash flow deficit (about $5.9 billion) since its 2004 IPO due to AI infrastructure costs. Researchers warn that failed demand could make the buildout the largest capital misallocation in history, with depreciating GPU chips risking stranded assets.

MIT Technology Review · AI · 1d agoAI industry

How workers are unlocking new ways of working

OpenAI's analysis of 1.5 million ChatGPT work messages finds cross-occupation AI tasks becoming recurring parts of workers' routines.

OpenAI's latest Work at the Frontier research analyzed more than 1.5 million work-related ChatGPT messages from April through July 2026. Among roughly 6,200 consistently observed workers, previously used cross-occupation tasks grew from 13.1% of occupation-specific AI activity in April to 25.9% in July. Workers returned to a cross-occupation task used the prior month 23.6% of the time versus an 8.4% baseline, with an average next-month return rate of 18.5%. Recurrence was highest for customer discussions (54%), advertising copy (44%), and marketing materials (37%), suggesting AI may broaden jobs before titles change.

OpenAI News · 18h agoAI industry

2026 Cyber Insurance Trends Report: What's Changed and What You Need to Know

Huntress survey: CIRCIA reporting mandates now live, BEC claims exceed ransomware, exfiltration-heavy attacks cost twice as much, premiums rising.

Huntress's 2026 cyber insurance trends report, based on its own survey, finds 79% of respondents carry cyber insurance while 58% report shrinking coverage over five years. New CIRCIA federal reporting mandates and EU NIS2 requirements are reshaping policies, business email compromise now drives more claims than ransomware, and data exfiltration has replaced encryption as the dominant ransomware tactic at roughly twice the cost. After three years of declining premiums, rates are climbing again, and most businesses now refuse to pay ransoms.

Huntress · 15d agoIndustry1

Georgia man charged for robbing NBA, NFL players through stolen Apple account details

Georgia man Kwamaine Jerell Ford charged with phishing NBA and NFL players' Apple accounts, making over 2,000 fraudulent transactions, and sex trafficking counts.

Kwamaine Jerell Ford, 34, was arrested and pleaded not guilty to dozens of counts including wire fraud, computer fraud, aggravated identity theft, access device fraud, and sex trafficking. He posed as an adult film actress offering explicit videos, then as Apple customer support to harvest usernames, passwords, and MFA codes from professional athletes, gaining access to their credit and debit cards and making more than 2,000 transactions including fund transfers and DoorDash orders. Prosecutors say he ran the scheme while on probation for a similar 2019 phishing offense in which he spent nearly $325,000 of stolen funds, and also coerced a woman into sex with players, filmed encounters without consent, and hacked one athlete's home security cameras. He was held without bail.

The Record · 9d agoPolicy & legal in the wild

Quantum Feature Engineering for Credit Default Prediction: When and Why IQP Circuits Help Linear Classifiers

Quantum IQP circuit features lift logistic-regression credit-default F1 from 0.462 to 0.517, beating Kernel PCA at an equal feature budget.

Using the UCI Default of Credit Card Clients dataset and five-fold cross-validation, an 8-qubit IQP circuit adds 16 features that raise Logistic Regression F1 from 0.462 to 0.517 (+0.055, p < 0.0001). Kernel PCA, the best classical non-linear alternative, reaches only 0.493 at the same feature count, with the gap surviving Benjamini-Hochberg correction across 12 tests (p = 0.00007). Only the linear classifier benefits, pointing to a linear-expressivity mechanism. Feature selection matters: Random Forest importance-guided selection reaches F1 = 0.523 while maximally uncorrelated features drop to 0.496.

arXiv cs.AI / cs.LG / cs.CL · 7d agoAI research

Fideo Lens reveals connections across identities, accounts and devices

Fideo Intelligence launched Fideo Lens, an investigative platform mapping relationships across identities, accounts, devices and behaviors for fraud and AML teams.

Fideo Intelligence introduced Fideo Lens, an investigative intelligence platform that helps fraud, financial crime, and AML teams discover hidden relationships among identities, accounts, devices, and behaviors. The tool draws on the company's Identity Fraud Intelligence Network (iFIN) and offers interactive relationship mapping, entity resolution, explainable reason codes, and continuously refreshed data. It is designed to complement existing fraud, AML, and case management systems rather than replace them.

Help Net Security · 23d agoTools

Visa enhances A2A Protect to stop fraud before money leaves the account

Visa enhanced A2A Protect with a Featurespace-powered unified fraud score to help banks stop account-to-account fraud before funds leave accounts.

Visa announced an updated A2A Protect that integrates Featurespace technology into a unified fraud score, giving banks real-time risk insights on account-to-account payments without waiting for in-house model training or consortium participation. Visa claims a 75% increase in fraud detection within the first six months of deployment and a single API for integration. A2A transaction volume is projected to exceed 5.8 trillion by 2028, up 160% from 2024.

Help Net Security · 15d agoTools