Category: money

In addition to the fine, the settlement requires Lingo Telecom to follow regulatory protocols that were put in place in 2020 to ensure telecommunications carriers authenticate caller identities using their networks. The protocols, known as STIR/SHAKEN, require carriers like Lingo to digitally verify and formally attest to the FCC that callers are legitimate and own the phone number they display on Caller ID. In the New Hampshire robocall case, Kramer and Life Corporation spoofed the phone number of Kathy Sullivan, a former state Democratic party official who was running a write-in campaign for Biden.

The FCC cited Lingo’s inability to properly implement and enforce STIR/SHAKEN as a key failure in a February cease-and-desist letter, and again in May when the agency proposed a $2 million enforcement action. The company was also named in a civil lawsuit filed by the League of Women Voters and New Hampshire residents, seeking damages over the incident. Per terms of the settlement, Lingo Telecom must hire a senior manager knowledgeable in STIR/SHAKEN protocols and develop a compliance plan, new operating procedures and training programs. They must also report any incidents of non-compliance with STIR/SHAKEN within 15 days of discovery. “Every one of us deserves to know that the voice on the line is exactly who they claim to be,” FCC Chairwoman Jessica Rosenworcel said in a statement. “If AI is being used, that should be made clear to any consumer, citizen, and voter who encounters it. The FCC will act when trust in our communications networks is on the line.”

[Dr. Amy Castro, co-founder of the University of Pennsylvania’s Center for Guaranteed Income Research] and her colleagues partnered with researchers at UCLA’s Fielding School of Public Health to compare the experiences of participants in L.A.’s randomized control trial — the country’s first large-scale guaranteed-income pilot using public funds — with those of nearly 5,000 people who didn’t receive the unconditional cash. Researchers found that participants reported a meaningful increase in savings and were more likely to be able to cover a $400 emergency during and after the program. Guaranteed-income recipients also were more likely to secure full-time or part-time employment, or to be looking for work, rather than being unemployed and not looking for work, the study found.

In a city with sky-high rents, participants reported that the guaranteed income functioned as “a preventative measure against homelessness,” according to the report, helping them offset rental costs and serving as a buffer while they waited for other housing support. It also prevented or reduced the incidence of intimate partner violence, the analysis found, by making it possible for people and their children to leave and find other housing. Intimate partner violence is an intractable social challenge, Castro said, so to see improvements with just 12 months of funding is a “pretty extraordinary change.” People who had struggled to maintain their health because of inflexible or erratic work schedules and lack of child care reported that the guaranteed income provided the safety net they needed to maintain healthier behaviors, the report said. They reported sleeping better, exercising more, resuming necessary medications and seeking mental health therapy for themselves and their children. Compared with those who didn’t receive cash, guaranteed income recipients were more likely to enroll their kids in sports and clubs during and after the pilot.

Zscaler ThreatLabz says that Dark Angels utilizes the “Big Game Hunting” strategy, which is to target only a few high-value companies in the hopes of massive payouts rather than many companies at once for numerous but smaller ransom payments. “The Dark Angels group employs a highly targeted approach, typically attacking a single large company at a time,” explains the Zscaler ThreatLabz researchers. “This is in stark contrast to most ransomware groups, which target victims indiscriminately and outsource most of the attack to affiliate networks of initial access brokers and penetration testing teams.” According to Chainalysis, the Big Game Hunting tactic has become a dominant trend utilized by numerous ransomware gangs over the past few years.

He’s part of those arguing “the chaos caused by the global IT outage last week underlines the risk of moving towards a cashless society,” writes the Observer:

Authorities in China and the US have fined businesses for not accepting cash. Delnevo said the U.K. should have a law requiring all businesses to take cash. Martin Quinn, campaign director for the PCA, said using cash allowed for anonymity. “I don’t want my data sold on, and I don’t want banks, credit card companies and even online retailers to know every facet of my life,” he said. Budgeting by using cash is also easier for some, he added.

The article includes some interesting statistics from a U.K. bank trade association. “The number of people who never use cash, or use it less than once a month, reached 23.1 million in 2021, but declined to 21.6m last year.”

The GMB [general trade] Union said the outage reinforced what it had been saying for years: that “cash is a vital part of how our communities operate”. “When you take cash out of the system, people have nothing to fall back on, impacting on how they do the everyday basics.”

Online fraud and digital crime in Sweden have surged, with criminals taking 1.2 billion kronor in 2023 through scams like the one Bagley fell for, doubling from 2021. Law-enforcement agencies estimate that the size of Sweden’s criminal economy could amount to as high as 2.5% of the country’s gross domestic product. To counter the digital crime spree, Swedish authorities have put pressure on banks to tighten security measures and make it harder on tech-savvy criminals, but it’s a delicate balancing act. Going too far could slow down the economy, while doing too little erodes trust and damages legitimate businesses in the process.Using complex webs of fake companies and forging documents to gain access to Sweden’s welfare system, sophisticated fraudsters have made Sweden a “Silicon Valley for criminal entrepreneurship,” said Daniel Larson, a senior economic crime prosecutor. While the shock of armed violence has grabbed public attention — the nation’s gun-homicide rate tripled between 2012 and 2022 — economic crime underlies gang activity and needs to be tackled as aggressively, he added. “That has been a strategic mistake,” Larson said. “This profit-generating crime is what’s fueling organized crime and, in some cases, leads to these conflicts.”

Sweden’s switch to electronic cash started after a surge of armed robberies in the 1990s, and by 2022, only 8% of Swedes said they had used cash for their latest purchase, according to a central bank survey. Along with neighboring Norway, Sweden has Europe’s lowest number of ATMs per capita, according to the IMF. The prevalence of BankID play a role in Sweden’s vulnerability. The system works like an online signature. If used, it’s considered a done deal and the transaction gets executed immediately. It was designed by Sweden’s banks to make electronic payments even quicker and easier than handing over a stack of bills. Since it’s original rollout in 2001, it’s become part of the everyday Swedish life. On average, the service — which requires a six-digit code, a fingerprint or a face scan for authentication — is used more than twice a day by every adult Swede and is involved in everything from filing tax returns to paying for bus tickets.Originally intended as a product by banks for their customers, its use exploded in 2005 after Sweden’s tax agency adopted the technology as an identification for tax returns, giving it the government’s official seal of approval. The launch of BankID on mobile phones in 2010 increased usage even further, along with public perception that associated cash with criminality.The country’s central bank has acknowledged that some of those connotations may have gone too far. “We have to be very clear that there are still honest people using cash,” Riksbank Governor Erik Thedeen told Bloomberg.

“This multi-year agreement will also provide certainty for private-sector partners to help with their future Free File planning,” Corbin added. IRS Free File remains open through the Oct. 15 federal tax extension deadline. You can use Free File for 2023 returns with an adjusted gross income of $79,000 or less, which is up from $73,000 in 2022. Fillable Forms are also still available for all income levels.

“For them, you know, hearing from their experience, they didn’t feel like they were exploited! They felt like, ‘Oh my god, this was the biggest gift, all of a sudden I could create something, I had millions of users, I made so much money I could retire.’ So I focus more on the amount of money that we distribute every year to creators, which is now getting close to like a billion dollars, which is phenomenal.”

At this point the PR present during the interview added that “the vast majority of people that are earning money on Roblox are over the age of 18.” “And imagine like, the millions of kids that learn how to code every month,” Corazza said. “We have millions of creators in Roblox Studio. They learn Lua scripting,” a programming language, “which is pretty close to Python – you can get a job in the tech industry in the future, and be like, ‘Hey, I’m a programmer,’ right? “I think that we are really focusing on the learning – the curriculum, if you want – and really bringing people on and empowering them to be professionals.”

Prices seesaw all the time on the sites of online retailers like Amazon that use algorithms and artificial intelligence to monitor competitors and glean insights into individual shoppers, adjusting prices depending on interest in the product or in the brand, said Timothy Webb, an assistant professor at the University of Delaware’s hospitality and sport business management program. Coupons and other offers are also routinely dangled in mobile apps to encourage people to make purchases. “A lot of this stuff is already happening even if you don’t realize that it is happening. If you have the Starbucks app and I have the Starbucks app, we probably have different offers,” Webb said. “We might not be in the drive-through and they just increased the prices, but we are already paying different prices for the same products.”

But, he says, Wendy’s fans will likely see moderate, not massive, price swings during periods of peak demand. “It’s not like $200 or $300 on a flight. This is a hypercompetitive industry. If Wendy’s goes up $2 to $3 on a burger at dinner time, I would be shocked. People have too many options. They will just walk down the street and eat at Burger King instead,” Webb said. “There will just be little price changes here.”