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Crypto investment fraud warning issued by major bank
Crypto investment fraud warning issued by major bank
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
2023-11-10 08:28
Netflix, Warner Bros partner with Verizon to offer discounted streaming bundle - source
Netflix, Warner Bros partner with Verizon to offer discounted streaming bundle - source
(Reuters) -Verizon is planning to offer the ad-supported versions of Netflix and Warner Bros Discovery's Max streaming services for about
2023-11-10 07:47
Council investigating extent of cyber attack that affected website and systems
Council investigating extent of cyber attack that affected website and systems
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
2023-11-10 03:58
WhatsApp could be getting ads
WhatsApp could be getting ads
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
2023-11-10 02:46
Siemens Energy Talks on Loan Guarantees Are Still Ongoing
Siemens Energy Talks on Loan Guarantees Are Still Ongoing
Siemens Energy AG’s talks with the German government and main shareholder Siemens AG on billions in loan guarantees
2023-11-10 01:23
Siemens Energy Secures Provisional Guarantees Deal, Reuters Says
Siemens Energy Secures Provisional Guarantees Deal, Reuters Says
Siemens Energy AG has reached a provisional agreement with the German government and main shareholder Siemens AG to
2023-11-10 00:26
Nintendo Download: Your Letter Has Arrived!
Nintendo Download: Your Letter Has Arrived!
REDMOND, Wash.--(BUSINESS WIRE)--Nov 9, 2023--
2023-11-09 22:18
Presenting the 2023 PlayStation Holiday Gift Guide
Presenting the 2023 PlayStation Holiday Gift Guide
SAN MATEO, Calif.--(BUSINESS WIRE)--Nov 9, 2023--
2023-11-09 21:22
Omegle anonymous chat app shuts down after 14 years
Omegle anonymous chat app shuts down after 14 years
Omegle, a popular website used to video chat with strangers, is shutting down after almost 15 years. The closure comes amid increasing criticism that the site endangered its users, with reports of child sexual abuse and other crime on the platform. Omegle allowed users to sign up and then be launched into a video chat with another stranger using the site. The two could chat for as long as they wished – until they ended that conversation and embarked on a new one. The app was launched in 2009, and became popular almost straight away. Its founder said that its popularity was a result of “meeting new people being a basic human need”. Quickly, however, it became known for explicit and other criminal content. Leif K-Brooks, the company’s founder, admitted that Omegle had been misused, “including to commit unspeakably heinous crimes”. The site attempted to introduce new features to stop that misuse, such as “monitored chats” that would allow moderators to try and stop criminals using the site. But they did not work, and the site continued to receive criticism for its lack of safety. Now Mr K-Brooks has said that the criticism has become too much, and Omegle will shut down. The intensity of the fight over use of the site had forced him to decide to shut it down, he said, and it will stop working straight away. “As much as I wish circumstances were different, the stress and expense of this fight – coupled with the existing stress and expense of operating Omegle, and fighting its misuse – are simply too much. Operating Omegle is no longer sustainable, financially nor psychologically. Frankly, I don’t want to have a heart attack in my 30s,” wrote Leif K-Brooks, who has run the website since founding it. Omegle saw a huge surge in popularity during the pandemic, as people not only flocked to the site but recorded their interactions and shared them on social media. But that popularity also brought more awareness of the problems on the site, and increased criticism of it. Mr K-Brooks acknowledged that criticism. But he also suggested that at least some of it was in bad faith, and that it was intended to force the site to shut down. “In recent years, it seems like the whole world has become more ornery. Maybe that has something to do with the pandemic, or with political disagreements. Whatever the reason, people have become faster to attack, and slower to recognize each other’s shared humanity. One aspect of this has been a constant barrage of attacks on communication services, Omegle included, based on the behavior of a malicious subset of users,” he wrote. He said that the site had been shut down on the basis of “fear”. “If something as simple as meeting random new people is forbidden, what’s next?”, he wrote, comparing the end of Omegle to “shutting down Central Park because crime occurs there – or perhaps more provocatively, destroying the universe because it contains evil”. The decision to shut down Omegle comes amid increasing concern about regulation of the internet and how best to protect its users. It comes just days after the introduction of the UK’s Online Safety Act, for instance, which aims to hold platforms to account for crimes on their platform, including online grooming.
2023-11-09 20:58
Omegle anonymous chat app shuts down after being used for ‘unspeakably heinous crimes’
Omegle anonymous chat app shuts down after being used for ‘unspeakably heinous crimes’
Omegle, a popular website used to video chat with strangers, is shutting down after almost 15 years. The closure comes amid increasing criticism that the site endangered its users, with reports of child sexual abuse and other crime on the platform. Omegle allowed users to sign up and then be launched into a video chat with another stranger using the site. The two could chat for as long as they wished – until they ended that conversation and embarked on a new one. The app was launched in 2009, and became popular almost straight away. Its founder said that its popularity was a result of “meeting new people being a basic human need”. Quickly, however, it became known for explicit and other criminal content. Leif K-Brooks, the company’s founder, admitted that Omegle had been misused, “including to commit unspeakably heinous crimes”. The site attempted to introduce new features to stop that misuse, such as “monitored chats” that would allow moderators to try and stop criminals using the site. But they did not work, and the site continued to receive criticism for its lack of safety. Now Mr K-Brooks has said that the criticism has become too much, and Omegle will shut down. The intensity of the fight over use of the site had forced him to decide to shut it down, he said, and it will stop working straight away. “As much as I wish circumstances were different, the stress and expense of this fight – coupled with the existing stress and expense of operating Omegle, and fighting its misuse – are simply too much. Operating Omegle is no longer sustainable, financially nor psychologically. Frankly, I don’t want to have a heart attack in my 30s,” wrote Leif K-Brooks, who has run the website since founding it. Omegle saw a huge surge in popularity during the pandemic, as people not only flocked to the site but recorded their interactions and shared them on social media. But that popularity also brought more awareness of the problems on the site, and increased criticism of it. Mr K-Brooks acknowledged that criticism. But he also suggested that at least some of it was in bad faith, and that it was intended to force the site to shut down. “In recent years, it seems like the whole world has become more ornery. Maybe that has something to do with the pandemic, or with political disagreements. Whatever the reason, people have become faster to attack, and slower to recognize each other’s shared humanity. One aspect of this has been a constant barrage of attacks on communication services, Omegle included, based on the behavior of a malicious subset of users,” he wrote. He said that the site had been shut down on the basis of “fear”. “If something as simple as meeting random new people is forbidden, what’s next?”, he wrote, comparing the end of Omegle to “shutting down Central Park because crime occurs there – or perhaps more provocatively, destroying the universe because it contains evil”. The decision to shut down Omegle comes amid increasing concern about regulation of the internet and how best to protect its users. It comes just days after the introduction of the UK’s Online Safety Act, for instance, which aims to hold platforms to account for crimes on their platform, including online grooming. Read More Omegle anonymous chat app shuts down after 14 years Setback for Ireland as EU legal adviser recommends revisit of Apple tax case New AI Pin clips ChatGPT to your clothes Setback for Ireland as EU legal adviser recommends revisit of Apple tax case New AI Pin clips ChatGPT to your clothes Google issues three-week warning to Gmail account holders
2023-11-09 20:54
Scientists discover new truth about the Sun's structure
Scientists discover new truth about the Sun's structure
Our understanding of the Sun may have completely changed after astronomers calculated that it might not be quite as big as we thought it was. The Sun is so powerful that it can disrupt the Earth’s magnetic field giving us the Northern Lights. It also continually baffles scientists, as one recent discovery found that part of the Sun is broken. Now, experts have discovered that the Sun may be a bit smaller than everyone thought, which could alter how we think of the star at the centre of our universe. Two astronomers made the calculation that the radius of the Sun is smaller, by a few hundredths of a per cent, than originally believed. The results, which are being peer-reviewed, are based on evidence gathered from sound waves that are made and trapped inside the burning hot sun. These sound waves are known as p-modes and they make noise like a growling stomach, suggesting a pressure change in the Sun’s interior. Analysing p-mode oscillations offers a “dynamically more robust” understanding of the Sun’s insides, according to astrophysicists Masao Takata from the University of Tokyo and Douglas Gough from Cambridge University. According to their research using evidence from p-modes, the solar photospheric radius is fractionally smaller than calculations made using the traditional reference model for the Sun’s seismic radius that analyses waves called f-modes. The reason for this difference is not very well understood. Astrophysicist Emily Brunsden told New Scientist: “To understand the reason for their difference is tricky because there’s just a lot of things going on.” How to join the indy100's free WhatsApp channel Sign up to our free indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-11-09 19:53
New AI Pin clips ChatGPT to your clothes
New AI Pin clips ChatGPT to your clothes
A US startup is set to unveil an AI-powered device that it claims could replace smartphones. Humane’s AI Pin, which launches today, will clip directly to a person’s clothes and is expected to feature a projector to turn any surface into a screen. An embedded camera and microphone means it could function as a wearable smartphone without a screen, with its creators say has been “built from the ground up for AI”. Leaks suggest the AI Pin will cost $699 and require a $24-per-month subscription fee to access AI models developed by Microsoft and OpenAI, which may include a version of the viral ChatGPT chatbot. Documents obtained by The Verge suggest it will come with two “battery boosters”, a “personic speaker”, and will be powered by a Qualcomm Snapdragon processor. It will also be able to summarise your email inbox, translate languages and come with an “AI DJ”. Humane did not respond to a request for comment but has announced that it will unveil the AI Pin on 9 November. A version of the device was revealed earlier this year at Paris Fashion Week, with models wearing a small square box on the lapels of their clothes. Humane co-founder Imran Chaudhri, who spent 22 years at Apple as a designer before forming his own startup, also gave details about how the clip will function in a TED talk in May. A demonstration showed the tech founder receiving a phone call through the device, using its laser-projected display to turn his palm into an interactive screen. “We believed that artificial intelligence would be the driving force behind the next leap in device design,” he said. “[The AI Pin] is completely standalone. You don’t need a smartphone or any other device to pair with it... It interacts with the world in the way that you interact with the world – hearing what you hear, seeing what you see – while being privacy first and safe, and completely fading into the background of your life.” Humane describes the experience as “screenless”, “seamless” and “sensing”. In a press release earlier this year, Humane co-founder Bethany Bongiorno said: “Our relationship with technology is changing profoundly, becoming even more personal as our devices morph into extensions of our bodies, minds and hearts.” Read More Elon Musk’s new AI bot will help you make cocaine which proves it’s ‘rebellious’ ChatGPT update allows anyone to make their own personalised AI assistant How Elon Musk’s ‘spicy’ Grok compares to ‘woke’ ChatGPT The mystery AI device that could replace your phone
2023-11-09 19:19
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