… Only three states – Washington State, Texas, and Virginia – properly disclose these losses in their Annual Comprehensive Financial Reports ACFRs . Instead, many states report the losses in Tax Expenditure Reports TERs . …
… And analysts expect losses from the scam to rise. "We estimate authorized push payment fraud losses in the United States could increase to $14.9 billion by 2028 from an estimated $8.3 billion in 2024," Deloitte said in a report last October. …
AI + ML Oracle tops up restructuring fund for FY26 by $500M Pot of money grows to $2.1BN for fiscal '26, as Big Red exec says AI helping smaller engineering teams do more Oracle has increased funding for its restructuring plans for the current financial year by $500 million, with some observers ant… …
… For example, in the UK this week, the Financial Reporting Council FRC could not have been clearer in its guidance for AI adoption. …
… "Greater autonomy for agents increases the consequences of errors, may heighten risks of manipulation and loss of consumer agency, and could lead to worse overall outcomes for consumers," the report notes. …
… "Hackers will be using the same technology and strategies to attack indiscriminately, with a specific objective in mind," such as "financial blackmail for data loss or ransomware." ® ai security
… Hundreds of organizations have been compromised daily by a Microsoft device-code phishing campaign that uses AI and automation at nearly every stage of the attack chain to ultimately snoop through corporate email inboxes and steal financial data. …
… This data is often stored on external, unencrypted servers and may be used for training future models, resulting in a potential loss of control over intellectual property and other confidential information. …