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Cybercrime costs rose to at least $16 billion globally in 2024, says FBI

Cybercrime costs rose to at least $16 billion globally in 2024, says FBI

by AIP Online Bureau | Apr 23, 2025 | Eco/Invest/Demography, International News, Technology

The losses—a one-third increase over 2023—were largely driven by low tech scams, such as would-be investors swindled out of money online, or company employees tricked by deceptive emails into wiring large sums to criminals’ bank accounts. Tech support and romance...

Adani’s bribery scandal raises concern on market, public disclosure lapses

by AIP Online Bureau | Nov 24, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

“The Adani Group can argue about the materiality of the investigations, but as the U.S. indictment reports note, the disclosures in the annual reports were against the established norms of good corporate governance,” Shriram Subramanian, founder of proxy...
FBI says Alaska Airlines passengers are possible ‘crime victims’

FBI says Alaska Airlines passengers are possible ‘crime victims’

by AIP Online Bureau | Mar 27, 2024 | International News, Non-Life, Reinsurance

“A criminal investigation can be a lengthy undertaking, and, for several reasons, we cannot tell you about its progress at this time. A victim of a federal crime is entitled to receive certain services,” the letter stated. The Federal Bureau of Investigation(FBI) has...

FBI and European partners seize major malware network in blow to global cybercrime

by AIP Online Bureau | Aug 31, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

“Nearly every sector of the economy has been victimized by Qakbot,” Martin Estrada, the U.S. attorney in Los Angeles, said Tuesday in announcing the takedown. He said the criminal network had facilitated about 40 ransomware attacks alone over 18 months that...

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