Prosecutors accuse Chukwuemeka Victor Amachukwu, who was arrested in France, of multiple fraud schemes, including tax refund fraud and identity theft.

New legislation seeks the creation of a Treasury-led task force to examine and combat AI-fueled scams that trick Americans out of their money.

The 2015 Cybersecurity Information Sharing Act provides vital legal protections for cyber threat sharing initiatives, they say.

At least one key Republican told CyberScoop that he wasn’t happy about the last-minute nature of the EO.

It’s one part of a strategy to combat the fast-growing scheme that has cost victims billions of dollars.

AI-specific fraud and cyber risks in the financial sector are especially pronounced for small banks, the agency’s chief AI officer said.

Relying on a court order, the tech giant seized websites belonging to a top purveyor of fraudulent Microsoft accounts.

These types of scams that seek to dupe unsuspecting targets can leave victims financially and emotionally devastated.

Of the 1,802 breaches the Identity Theft Resource Center tracked in 2022, 66% of notices lacked details about the attack and victims.

The massive losses have prompted scrutiny from U.S. officials about how the illicit use of cryptocurrency poses a national security threat.