Hackers Hit Bitcoin’s Safest Hiding Place in Ongoing Attack
Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Late last week, Canada-based …
South Korea Fines Telecoms Firm KT Corp. $37.4 Million for Personal Data Leak: Panel
South Korea’s Personal Information Protection Commission has fined telecoms company KT Corp. 54 billion won ($37.43 million) for a leak of customer personal information, the commission said on Thursday [July 30]. Hackers stole more than 16,600 KT mobile service customers’ …
NHTSA Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks
The National Highway Traffic Safety Administration said on Aug. 3 that some older Ford cars and SUVs pose unreasonable safety risks because the timing belt may fail and cause them to lose power or engines to seize. The U.S. auto …
Troubled Alabama City Loses its Liability Insurance Coverage
An Alabama city, long plagued with budget shortfalls, charges of corruption and a dwindling tax base, has lost its liability insurance coverage amid an ongoing financial and leadership crisis. Local and state news sites reported that the Alabama Municipal Insurance …
Wildfires Destroy Hundreds of Structures in Washington State
Hundreds of structures have been destroyed and tens of thousands of people have been evacuated, as wildfires rip through eastern Washington state in what Spokane Mayor Lisa Brown called “the worst natural disaster our region has faced.” As of about …
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal
American Family Mutual Insurance Co. has agreed to buy all outstanding shares of specialty insurer Bowhead Specialty Holdings Inc. for about $1.2 billion in cash. Under the terms of the transaction, each Bowhead stockholder will receive $34 per share in …
Plymouth Rock Launches ChatGPT for Home Insurance Quotes
Homeowners can now obtain insurance quotes from Plymouth Rock Home Assurance through a “natural” conversation with ChatGPT, the artificial intelligence chatbot created by OpenAI. The insurer claims it creates a “faster, simpler, and more accessible way to shop for coverage.” …
Europe’s Key Rivers Are Drying Up as Extreme Heat Impact Widens
Europe’s biggest rivers, vital arteries for the region’s heavy industries, are drying up after the region was seared by a series of heat waves. As water levels in the Rhine and Danube fall toward record lows, that’s starting to disrupt …
Viewpoint: Extreme Heat Increases Risk of Workplace Injuries Across Canada
Heat warnings have stretched across Canada this summer, from Atlantic Canada and southern British Columbia to the Prairies, central Canada and the Northwest Territories. During one mid-July heat wave, humidex readings reached up to 45 C across parts of southern …
Amgen Reports Theft of Patient Data in Cyber Incident
Amgen Inc. experienced a cyber incident that involved the theft of patient information and proprietary data stored in cloud servers, it said in a filing July 31, the latest large healthcare company to suffer a data breach. The drugmaker is …
OpenAI Finds Evidence Other AI Agents Escaped Containment as it Widens Probe
OpenAI has discovered other instances in which autonomous agents have escaped containment as the company expands its investigation of the hacking incident at tech firm Hugging Face that drew global attention this month, two people familiar with the matter said …
‘Tow Godz’ and Auto Glass Businessmen Charged in Carolina Fraud Schemes
Two Carolina businessmen were charged with auto insurance fraud in separate schemes that involved made-up tow truck charges and windshields that were never replaced. In Myrtle Beach, South Carolina, state authorities last week charged John Angulo, 46, the owner of …
New York Sues Prediction Market Kalshi Alleging ‘Illegal Gambling Operation’
New York officials sued prediction market platform Kalshi for potentially billions of dollars on Friday, calling it an “illegal, unlicensed gambling operation” that includes sports wagering as the state seeks to halt its operations and force the company to forfeit …
US Proposes Deep Colorado River Water Cuts For Arizona, California, Nevada
The U.S. government proposed deep cuts to water supply for Arizona, California and Nevada during dry years in a new plan it released on Friday to operate the drought-stricken Colorado River. Lawsuits from states could challenge the federal intervention and …
Maine Moves to Strengthen Mobile Home Park Oversight
Maine is in the process of adjusting how it regulates the manufactured housing industry and helps support residents of mobile home parks. The changes come as a growing number of communities across the state have been purchased by out-of-state investors …
Silicon Valley Enclave Most Expensive US ZIP as AI Wealth Surges
In the Silicon Valley enclave of Atherton, a six-bedroom, nine-bath mansion featuring a theater, a private rose garden and a spa hit the market earlier this year for nearly $32 million. It found a buyer within 72 hours, more than …
New York’s Heavy Rains Lead to Water Rescues, Grist Mill Destruction
Cleanup efforts were underway in parts of upstate New York last Thursday following two days of heavy rains that led to flash flooding, water rescues and the destruction of a centuries-old grist mill. Nearly a foot (30 centimeters) of rain …
Trump Blames Minnesota Cyberattack on Governor, Not Iran
President Donald Trump blamed Minnesota state officials with whom he has feuded for cyberattacks on multiple water systems there, despite reports that officials suspected Iranian involvement in the disruptions. The New York Times, citing U.S. and state officials, reported that …
Florida Woman Sentenced in $6 Million Force-Placed Insurance Scheme
A south Florida woman who was once a licensed insurance producer has been sentenced to spend more than three years in prison and forfeit assets after she pleaded guilty to a leading role in a $6 million property insurance and …
Supply Chain Insurance Is ‘Must-Have’ Cover During Geopolitical Tensions: GlobalData
Supply chain insurance is seen by businesses as must-have protection during periods of geopolitical tensions — in order to safeguard their daily commercial operations, according to GlobalData, the London-based data and analytics company. Supply chain insurance was the product identified …