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A Hong Kong bank recently fell victim to an impersonation scam in which a bank employee was tricked into transferring $25.6 million to thieves after a video call with the bank CFO and other colleagues. But none of them were real people — all were deepfakes created with the help of artificial intelligence. This incident […]

Distrust of how online stores handle their customers’ personal information has reached an all-time high, which leads to sellers losing revenue and subsequent orders. Over a quarter (26%) of consumers have abandoned a brand in the past 12 months due to privacy concerns. Establishing a higher trust level is becoming an increasingly important basis for […]

Google as well as Amazon and Microsoft has announced custom silicon for its data centers. Google’s Axion line of processors represents its first Arm-based CPUs designed for the data center. According to Google, its Axion processors combine the company’s silicon expertise with Arm’s highest-performing CPU cores “to deliver instances with up to 30% better performance […]

During the past 40 years, hackers have evolved from worm attacks in the 1980s to fully funded organizations tapping into some of the most lucrative industries in the world. Today, cybercrime is a significant threat to any company with a device attached to the internet and continues to cause substantial economic impact worldwide. The United […]

While the major generative AI service providers depend on the cloud to power their large language models, Apple will approach the matter in a different way with the next version of its mobile operating system, which is set to be revealed in June. Bloomberg’s Mark Gurman, in his weekly newsletter published Sunday, predicted that the […]

  The global e-commerce market is estimated to be worth $6.3 trillion in 2024. This large market presents unparalleled growth opportunities for businesses willing to expand their horizons. With the total e-commerce industry worldwide continuing to rise to $8 trillion by 2027, now is the time for brands to grasp the immense potential that lies beyond their domestic borders. […]

Retailers are optimistic about the growing success of artificial intelligence in transforming marketing and customer service, although this enthusiasm may border on overly optimistic. Retailers don’t waste any time pushing the generative AI agenda. However, they may be in too much of a hurry, overlooking some well-founded concerns about upcoming unrecognized risks. Only 12% of […]

Online shopping returns cost retailers billions of dollars, pump tonnes of carbon dioxide into the atmosphere, and dump billions of pounds of waste into landfills, according to a global plastics cleanup company report. Every year, customers return up to 30% of products bought online, three times the amount returned to brick-and-mortar stores, producing 24 million […]

According to a report released Wednesday by a hacking and attack modelling company, organizations are increasingly going on the offensive to prevent threats before they turn into attacks. In its report on the state of vulnerability management and security validation for 2024, Cymulate claims that security leaders recognize that the scheme of buying new technologies […]

Digital wallets are fast becoming consumers’ preferred way to pay, both in and out of the store. According to industry reports, almost two-thirds of U.S. smartphone users will use a mobile wallet app to transact monthly in 2024, up from half in 2021, ecommercetimes.com reports. The future of mobile payments also intersects with the rapid […]