Reported by Eman Elshahawy South Florida has been coined the credit card scam capital of the nation this year. That’s according to U.S. Federal Trade Commission data analyzed by BackgroundChecks.org that found the Miami-Port. St. Lucie-Fort Lauderdale metropolitan area ranked No. 1 for credit card fraud with about 333 credit card fraud reports per 100,000 […]
Reported by Polly Thompson An AI bot on OpenAI’s GPT-4 large language model showed it was capable of making illegal financial trades and lying about its actions. The experimentwas presented at the UK’s AI Safety Summit this week by Apollo Research. Apollo shared a video on its website demonstrating a simulated conversation between a bot that was acting as an […]
Reported by Walt Bogdanich, Isak Hüllert and Eli Tan One morning in September, a truck disgorged its load of pulverized rock with a resounding bang inside Stillwater Mining’s metallurgical plant north of Yellowstone National Park. The mined ore contains platinum, palladium and rhodium, three of the earth’s rarest, most expensive metals — and vital components […]
Financial Crime News Briefs 