National News

US Offers Up to $10M Reward for Info Leading to Leaders of Notorious Ransomware Gang

If you’ve got information on one of the world’s most prolific ransomware gangs, you could stand to make a cool $10 million. The Department of State on Thursday announced a reward of up to $10 million for anyone who can …

US and Allies Kick Russian Hackers Off Home Routers, FBI Says

The US and its allies have disrupted access by a Russian-state sponsored hacking organization to “well over a thousand home and small business routers” used for criminal and intelligence purposes, FBI Director Christopher Wray said on Thursday. Speaking at the …

Over 350 People Contact Law Firm Reviewing FDIC Workplace Culture

More than 350 people have contacted an outside law firm reviewing workplace culture at the U.S. Federal Deposit Insurance Corporation in the wake of media reporting last year on allegations of persistent sexual harassment, top agency officials said on Thursday. …

Hackers Exploit Ad Tools to Track Victims, Boosting Scam Efforts

Cybercriminals are using advertising tools to make their scams as “clickable” as possible. In a new kind of email phishing tactic, hackers are sending malicious PDF attachments containing a link that’s registered through an advertising network, security researchers from HP …

Allstate Reports $276M in January Cat Losses, Updates Rate Increases

Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Illinois-based insurer reached its $150 million threshold to report catastrophe losses following several months of low totals. Consolidated catastrophe losses for the fourth quarter 2023 totaled …

Despite Deepfake and Bias Risks, AI Is Still Useful in Finance, Firms Told

A bank uses biased artificial intelligence outputs in a mortgage lending decision. An insurance firm’s AI produces racially homogeneous advertising images. Users of an AI system complain about a bad experience. These are just a few of the potential risks …

Oracle Women Fought 7 Years for Equity, Only to Win an Extra Paycheck or Two

Oracle Corp. female employees who fought the company in court for almost seven years over gender-pay equity reached a $25 million settlement — a small price for the software giant that amounts to one or two paychecks for most of …

Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best

Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. For reinsurers, a relatively stable economic environment in 2023, a long run of …

Tinder, Other Match Dating Apps Encourage Compulsive Use, Lawsuit Claims

Match Group was sued on Wednesday in a proposed class action claiming that its dating apps Tinder, Hinge and The League are designed to addict users, generating more profit for the company, rather than help them establish relationships. The plaintiffs …

Regulators to Review Power System Performance During Recent Winter Storms

U.S. energy regulators have launched a review of the performance of the bulk power system during recent winter storms in January that brought Arctic air across much of North America, the North American Electric Reliability Corporation (NERC) said on Tuesday. …

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