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Also: AscendEX Shuts Down; Ethereum Foundation on AI Bug HuntingThis week, Ostium paused trading, AscendEX shut down, Ethereum said AI hastens bug hunting, not verification, the United States charged an inmate over seized transfer, ex-Sheriff's deputy jailed for extortion, Tangem card security, Iran-linked wallets sanctions and the U.S. may drop BitClub charges.

AI Agents Target Anti-Money Laundering at Major Global Banks, Cut Manual ProbesBretton AI has raised $75 million in Series B funding led by Sapphire Ventures to scale AI agents for anti-money laundering sanctions and KYC compliance. CEO Will Lawrence says the company is targeting large banks with automation designed to reduce manual investigations and improve auditability.

AI Agents Target Anti-Money Laundering at Major Global Banks, Cut Manual ProbesBretton AI has raised $75 million in Series B funding led by Sapphire Ventures to scale AI agents for anti-money laundering sanctions and KYC compliance. CEO Will Lawrence says the company is targeting large banks with automation designed to reduce manual investigations and improve auditability.

Fake views from Moscow's pet media outlets appear in about one in five responses Popular chatbots powered by large language models cited links to Russian state-attributed sources in up to a quarter of answers about the war in Ukraine, raising fresh questions over whether AI risks undermining efforts to enforce sanctions on Moscow-backed media.…

Bank Info Security 1 year, 1 month ago

Trump Rewrites Cybersecurity Policy in Executive Order

White House Limits Cyber Sanctions, Cuts Digital ID Mandates and Refocuses AI RulesPresident Donald Trump signed an executive order on Friday that rewrites key cyber policies from the previous White House administration, removing digital ID mandates, mandating secure software standards and narrowing cyber sanctions to foreign actors.

Bank Info Security 2 years, 5 months ago

North Korean Hackers Using AI in Advanced Cyberattacks

U.S.-Led Sanctions Do Little to Curtail North Korea's Development of AISouth Korea's intelligence agency has reported that North Korean hackers are using generative AI to conduct cyberattacks and search for hacking targets. Experts believe North Korea's AI capabilities are robust enough for more precise attacks on South Korea.

Bank Info Security 2 years, 8 months ago

Congress Looks Beyond Voluntary Commitments on Global AI Use

Lawmakers Explore Punishments for Foreign Adversaries in Violation of AI GuardrailsA Senate committee discussed potential sanctions and enforcement measures to ensure governments around the world obey international norms for artificial intelligence systems, after State Department officials warned foreign adversaries will not comply with U.S. guidelines for responsible AI use.