List of All Articles with Tag 'tec'

Climate change, the energy transition and the financial plumbing needed to channel trillions of dollars toward green investment

(Reuters) -Meta Platforms has struck a deal with Tencent Holdings to sell a new, lower-priced version of its virtual-reality (VR)

By Stephen Nellis Humane, a Silicon Valley startup with a star-studded list of co-founders and executives, on Thursday

A major bank has issued a warning about crypto investment scams, with victims standing to lose more than £10,000 on average and young adults often being particularly at risk. Lloyds Bank has recorded a 23% rise in reports of cryptocurrency investment scams by customers in its banking group (including Lloyds Bank, Halifax and Bank of Scotland) between January and September 2023, compared with the equivalent period last year. Victims are losing £10,741 on average, up from £7,010 last year, the bank said, with many of the scams it analysed originating on social media. The most common age range for crypto scam victims is 25 to 34 years old, Lloyds said. Would-be crypto investors typically make an average of three payments before they realise they have been scammed, taking around 100 days from the date of the first transaction before they report it to their bank, Lloyds added. Crypto is a highly risky asset class and remains largely unregulated, which makes it an attractive area for fraudsters to exploit Liz Ziegler, Lloyds Bank Fraudsters often pose as investment managers, promising that any payments made by the victim will be invested on their behalf, often with the promise of huge returns. Sometimes the victim will be shown a fake investment account, suggesting that the funds are already making a profit, or a small amount of money will be transferred back into their bank account. But often there is no genuine crypto holding and the fraudster will disappear. In some cases, there will be an actual investment account held in the victim’s own name and registered with a legitimate platform. But once funds have been deposited, victims may be tricked into handing over their account login details, or passing control of their digital wallet over to the fraudster. They might also be directed to transfer cryptocurrency from within their own account to another digital wallet, which is under the control of criminals. Liz Ziegler, fraud prevention director at Lloyds Bank, said: “Crypto is a highly risky asset class and remains largely unregulated, which makes it an attractive area for fraudsters to exploit. If something goes wrong, you’re unlikely to get your money back.” Here are Lloyds’ tips for protecting yourself from crypto fraudsters: – Criminals often put adverts for scam crypto investments on social media. They can also send offers by direct message. They will promise returns that you cannot get elsewhere or make claims about “guaranteed” profits. If you are contacted out of the blue about an investment, it is likely a scam. – Fraudsters can easily set up fake companies, social media profiles and websites to clone real firms. Use the Financial Conduct Authority (FCA) website to find genuine contact details for a company and check for warnings about fake firms. Always do your own research or seek professional financial advice. – Never share the log in details for your investment account or your private cryptocurrency keys with anyone else. A legitimate firm would never ask you for this. Remember, if you transfer funds to another account that is not in your name, you have lost control of your money. – Fraudsters may ask you to pay an account in a different name to the company you are meant to invest with. If the names do not match, it is a sign of a scam. Paying by card (rather than a bank transfer) may offer you more protection if something goes wrong. Read More Council investigating extent of cyber attack that affected website and systems Setback for Ireland as EU legal adviser recommends revisit of Apple tax case Smartphones ‘may be able to detect how drunk a person is with 98% accuracy’ Ireland and Apple await major development in long-running EU tax dispute Guidance urges parents not to buy smartphones for primary school children William ‘blown away’ by futuristic technology from Singapore start-ups

By Jeffrey Dastin NEW YORK (Reuters) -Google's experimental chatbot Bard is a path to developing another product with two billion

By Daniel Wiessner Apple Inc will pay $25 million to settle claims by the U.S. Department of Justice

By Katie Paul NEW YORK One year after the debut of ChatGPT created a global sensation, leaders of

By Pete Schroeder (Reuters) -A ransomware attack on Industrial and Commercial Bank of China (ICBC) disrupted some trades in the

A cyber attack which disrupted access to a council website and its systems is being investigated with the relevant authorities to establish the full impact of the crime, officials have said. On Tuesday, Comhairle nan Eilean Siar (Western Isles Council) suffered a suspected ransomware attack. The website remains down and the local authority says it is currently uncertain of the extent of the damage caused by the attack. A ransomware attack is where hackers maliciously infiltrate an organisation’s website or systems, stealing sensitive data which they in turn use for monetary gain. While investigative work continues, the Comhairle’s priority in response to this incident remains to restore and secure services, ensuring their continued delivery to those in our communities who need them most Comhairle nan Eilean Siar spokesman The council says it is working alongside Police Scotland, the Scottish Government and the National Cyber Security Centre (NCSC) to establish the full impact of Tuesday’s incident. A council spokesperson said: “While investigative work continues, the Comhairle’s priority in response to this incident remains to restore and secure services, ensuring their continued delivery to those in our communities who need them most. “One key aspect of achieving this aim has been work on the processing of benefit and support payments. “While payments have been made to the public, restrictions to file access has affected other scheduled payments. “The impact to IT systems has also meant that invoices due to creditors cannot be paid at this time.” The spokesperson added: “The Comhairle appreciates the impact late payments can have and is working to resolve these issues as soon as possible. “The Comhairle will be in contact with the affected individuals to provide updates and support. “The Comhairle’s email system is now restored and work is ongoing to redirect numbers for key public services. “A temporary website is also in development which will allow members of the public to access key information.” Temporary phone numbers for social care and social work services can be found on Comhairle nan Eilean Siar’s page on X, formerly known as Twitter. The council says its human resources, occupational health and ardseileach care home can be contacted on their usual telephone numbers. A spokesperson for NCSC said: “We are working with Comhairle nan Eilean Siar to fully understand the impact of an incident.” Police Scotland and the Scottish Government were contacted for comment. Read More Setback for Ireland as EU legal adviser recommends revisit of Apple tax case Smartphones ‘may be able to detect how drunk a person is with 98% accuracy’ Ireland and Apple await major development in long-running EU tax dispute Guidance urges parents not to buy smartphones for primary school children William ‘blown away’ by futuristic technology from Singapore start-ups Return of original Fortnite map causes record traffic on Virgin Media O2 network

WhatsApp might be getting ads, according to its boss. The company has categorically ruled out that it would be put advertising in the inbox. But it might come elsewhere in the app, such as WhatsApp’s “Status” feature, which works like Instagram stories. WhatsApp has long resisted introducing ads to any part of its platform. That sets it apart from other Meta platforms, such as Instagram and Facebook, which heavily integrate advertising. WhatsApp has long been rumoured to be considering putting ads into its app, with rumours stretching back as long as five years ago. But it has largely resisted the temptation, in part because of worries about whether it would concern privacy-conscious users, whom WhatsApp has particularly targeted. In September, the Financial Times reported that it was looking at changing that. The company was evaluating whether it would work to show ads in the conversation list, the paper reported. Meta outright denied that it had been testing or working on that feature, or that it planned to. “We aren’t doing this,” WhatsApp head Will Cathcart said on Twitter. But in an interview with Brazilian newspaper Folha De S.Paulo, Mr Cathcart was asked whether the app would continue to be free and not show ads. And he said that some ads might come to other parts of the platform. The app will not put ads within the “messaging experience”, such as the inbox or chats themselves. Instead, it could come in other parts of the app, such as the Status feature as well as the new Channels tool that allows people to subscribe to messages from creators. The company could also introduce the option to charge people to subscribe to those channels, he said. That could also be advertised within those Channels. He did not give any firm information about when the feature would arrive, or any commitment that it would actually be introduced. Read More Political ads on Instagram and Facebook can be deepfakes, Meta says Instagram working to let people make AI ‘friends’ to talk to Big tech poses ‘existential threat’ to UK journalism, survey of editors finds

By Saeed Azhar and David French NEW YORK Goldman Sachs is working on a dozen projects which will

LONDON (Reuters) -Allen & Overy has suffered a "data incident", the London-founded law firm said on Thursday, after social media