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Lender was told money was being taken without authorisation, with cash used to buy credits for Claude chatbotA Metro Bank customer has told of his fight to get more than £14,000 back after its systems failed to stop a fraud involving the AI chatbot Claude.Zoli Rutter, a businessman from Sussex, had a total of £14,244 taken […]
Metro Bank customer fights for £14,000 refund after AI-linked fraud Read More »
Officials raided homes and businesses and seized laptops, phones and paperwork in clampdown on nuisance firmsLaptops, mobile phones and documents have been seized after officials carried out search warrants in a crackdown on claims companies plaguing people with spam text messages about the car finance mis-selling scandal.On Wednesday the UK’s Information Commissioner’s Office (ICO) executed
Crackdown on claims companies sending spam car finance texts Read More »
Direct oversight of ‘critical third parties’ such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economyThe Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers.From Monday, the Bank
Bank of England handed powers to regulate key tech firms including Amazon and Google Read More »
FCA’s review into how tech will reshape financial services warns about amplified risks of cyber-crime and fraudBusiness live – latest updatesMinisters have been urged to toughen the City regulator’s powers to protect consumers against the potential risks of AI, according to a landmark review.The Financial Conduct Authority’s (FCA) Mills review, which looked at how AI
Boost City regulator’s powers to help protect UK consumers from AI, says watchdog Read More »
Alarm caused by posts of Alex Carp, tech firm’s CEO, championing US military dominance and of AI weaponsThe US spy tech company Palantir published a manifesto extolling the benefits of American power and implying some cultures are inferior to others – in what MPs have called “a parody of a RoboCop film” and “the ramblings
Palantir manifesto described as ‘ramblings of a supervillain’ amid UK contract fears Read More »
Awarding US spy-tech company deal involving sensitive financial data is ‘huge error of judgment’, Liberal Democrats sayMPs have urged the government to halt its latest contract with Palantir, after the Guardian revealed the US spy-tech company is to gain access to a trove of highly sensitive UK financial regulation data.The Financial Conduct Authority, the watchdog
MPs urge UK government to halt contract giving Palantir FCA data access Read More »
Contract affords AI analytics firm access to trove of data on one of the most important financial centres in the worldPalantir extends reach into British state as it gets access to sensitive FCA dataPalantir’s latest UK contract takes the AI and data analytics company into the heart of one of Britain’s biggest industries: financial services,
FCA deal gives Palantir yet more access to inner workings of power in Britain Read More »
Exclusive: Allowing US tech firm to analyse intelligence in name of tackling fraud raises fresh concerns over privacyFCA deal gives Palantir yet more access to inner workings of power in BritainPalantir is to be granted access to a trove of highly sensitive UK financial regulation data, in a deal that has prompted fresh concerns about
Palantir extends reach into British state as it gets access to sensitive FCA data Read More »
Advertising Standards Authority says firm advised by George Osborne ‘trivialised risks of cryptocurrency’A cryptocurrency company advised by George Osborne has been banned from showing a set of adverts that suggested using its services could be a solution to the cost of living crisis.Coinbase, which appointed the former Conservative chancellor to chair its global advisory council
Coinbase adverts banned in UK for suggesting crypto could ease cost of living crisis Read More »
Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sectorConsumers and the UK financial system are being exposed to “serious harm” by the failure of government and the Bank of England to get a grip on the risks posed by artificial intelligence, an influential parliamentary committee has warned.In
UK exposed to ‘serious harm’ by failure to tackle AI risks, MPs warn Read More »
