Chuck Schumer to vote to advance GOP funding bill Democratic Senator Chuck Schumer says he will vote for the GOP funding bill to avoid a government shutdown. The Senate will vote on a stopgap funding bill to avert a government shutdown. Democrats may vote against the bill in protest of President Trump’s policies. If the
An even bigger problem, the western diplomats said, is that several countries in the region, including Bahrain and Libya, have locked arms with Lebanon in opposing international regulators’ push for a crackdown, making it all but impossible to effectively target Hezbollah’s illicit financing. FATF declined to comment for this article. The current battle within FATF
ST. LOUIS, Mo. (First Alert 4) – A new school year brings excitement and sometimes a lot of stress. The state of Missouri is seeking to ease some of the biggest fears by handing out $70 million for safety and security upgrades to schools. But some districts got more than others—and some got nothing at
The value of funds taken in hacking activities and ransomware attacks rose during the first seven months of the year. These increases were driven by the higher value of bitcoin and by ransomware attacks targeting larger organizations, Chainalysis said in a Thursday (Aug. 15) crypto crime mid-year update. Stolen funds inflows rose by about 84%
Crypto exchange WazirX has filed a police complaint after it suffered a $230 million hack on Thursday. The firm has also reported the incident to the Indian Computer Emergency Response Team (CERT-In), it said on X. Engaging with CERT could mean it is seeking the help of India’s premier agency which responds to computer related
WazirX, a leading Indian crypto exchange, halted withdrawals Thursday after a security breach it called a “force majeure event” resulted in the loss of $230 million, nearly half its reserves. The Mumbai-based firm said one of its multisig wallets had suffered a security breach. A multisig wallet requires two or more private keys for authentication.
That public nature of the criminal transactions is all the more shocking given that Huione Guarantee is operated by Huione Group, a Cambodian financial conglomerate that includes a company linked to the family of Cambodia’s prime minister, Hun Manet. One of the companies’ directors, in fact, is Hun To, the prime minister’s cousin, who has
The amount of cryptocurrency stolen in hacks globally more than doubled in the first six months of 2024 from a year earlier, driven by a small number of large attacks and rising crypto prices, blockchain researchers TRM Labs said on Friday. Hackers had stolen more than $1.38 billion worth of crypto by June 24, 2024,
The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said Tuesday (June 24). The benefits of AI for the sector include improvements for lending and payments, while the risks include more sophisticated cyberattacks, the BIS said in a Monday press release.
Saturday (June 15) marks Elder Abuse Awareness Day. As more baby boomers and seniors go online to get their banking done — making payments, investing and paying bills or taxes — the fraudsters are finding elder abuse of a financial nature to be quite lucrative. Coming into 2024, the PYMNTS Intelligence report “How the World