Alibaba founder Jack Ma gave a lecture as a visiting professor to the University of Tokyo, as the high-profile Chinese entrepreneur retreats further from his business empire following Beijing's regulatory crackdown.

Mastercard says it is helping banks to stop payment scams in their tracks, before funds leave a victim’s account. The payments provider said that in partnership with UK banks including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo and TSB, it is using payments data to help identify payment scams. Mastercard’s new tool helps banks to get an instant rating that shows the risk of a payment being made to a fraudulent account. This is based on factors such as account activity and the relationship between the payer and payee. Ajay Bhalla, president of cyber and intelligence at Mastercard, said: “We are helping banks identify and predict which payments are being made to fraudsters and stop them in real-time.” Spotting fraudulent payments among millions made every day is like finding a needle in a haystack Paul Davis, TSB Over four months, TSB said that Mastercard’s tool has increased its fraud detection. Paul Davis, director of fraud prevention at TSB, said: “Spotting fraudulent payments among millions made every day is like finding a needle in a haystack, with scams becoming ever more complex – so prevention and monitoring tools are key. “Our partnership with Mastercard is providing the intelligence needed to identify fraudulent accounts and prevent payments ever reaching them.” The Financial Ombudsman Service recently said it is seeing a higher proportion of complex scam complaints, with some involving investments or cryptocurrency. It is seeing increasing numbers of complaints which contain the features of more than one scam. For example, someone may be duped by a romance scammer who then persuades them to invest in cryptocurrency schemes which do not exist. Or someone may attempt to pay for goods which do not exist and then receive a phone call from a scammer impersonating their bank who persuades them to make multiple payments by claiming their payment attempts have been unsuccessful. Many banks are currently signed up to a voluntary reimbursement code in cases where blameless scam victims transfer money to a fraudster, but there have been concerns about this not always being applied consistently. TSB has its own fraud refund guarantee. Plans are under way to make reimbursement mandatory. The Payment Systems Regulator (PSR) has said new rules compelling banks to reimburse scam victims who have been tricked into paying fraudsters will come into force next year. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Art historian helps build new Assassin’s Creed game after son’s suggestion Twitter to stop TweetDeck access for unverified users Broadband customers plagued by issues despite inflation-busting price hikes

SAN FRANCISCO--(BUSINESS WIRE)--Aug 25, 2023--

In a captivating IRL streaming session, Adin Ross and xQc delved into the Ethan Klein conflict through shared private messages

SEATTLE--(BUSINESS WIRE)--May 15, 2023--

Even though we pride ourselves on offering the biggest deals on the newest tech, a

Four US leaders in artificial intelligence (AI) announced Wednesday the formation of an industry group devoted to addressing risks that cutting edge versions...

France’s ban of iPhone 12 sales due to radiation fears could have Europe-wide implications, regulators in Belgium, Germany and the Netherlands have warned. Apple will have to recall all iPhone 12 phones in France if corrective updates do not work, the country’s National Frequency Agency (ANFR) said on Tuesday, after tests revealed electromagnetic radiation that was 40 per cent above the legal limit. On Wednesday, the Dutch digital watchdog said it was looking into the ANFR report and is seeking an explanation from the US tech giant. “A norm has been exceeded. Fortunately, there is no acute safety risk but we will very shortly have a talk with producer,” Angeline van Dijk, an inspector with the Nederlandse Rijksinspectie Digitale Infrastructuur (RDI), told the Dutch newspaper Algemeen Dagblad. “The Netherlands attaches as much importance as France to safe use of mobile phones. Mobile phones must comply with European norms.” Belgium and Germany followed with statements of their own on Thursday, with network regulators saying that the French procedure could have a guiding function for the whole of Europe. The Independent has reached out to Apple for comment. Jean-Noel Barrot, France’s junior minister for digital economy, said on Tuesday that the ANFR’s data would be shared with other EU member states, potentially leading to a “snowball effect” for Apple. “Apple is expected to respond within two weeks,” he told the French newspaper Le Parisien. “If they fail to do so, I am prepared to order a recall of all iPhones 12 in circulation. The rule is the same for everyone, including the digital giants.” The iPhone 12 series of smartphones were already set to be discontinued following the unveiling of the iPhone 15 on Tuesday, meaning any sales ban would not have a significant impact on Apple’s phone sales. A continent-wide recall would have considerable implications for the world’s richest company, however, if a solution is not found. Read More iPhone 15: Everything Apple killed off at its major live event Everything Apple killed off at iPhone 15 event The iPhone has gone all grown-up. Here’s why we should be grateful Why Apple getting rid of lightning cable iPhone charger is a big deal

SAN JOSE, Calif.--(BUSINESS WIRE)--Sep 13, 2023--

Police in China have detained a man they say used ChatGPT to create fake news and spread it online, in what state media has called the country's first criminal case related to the AI chatbot.

Xbox Brazil made a huge blunder that led fans to believe the game was coming to the Xbox.

BOSTON & LOS ANGELES--(BUSINESS WIRE)--Jun 21, 2023--