Browsing: Technology

Newsbytes FTC: Social media largest source of fraud losses

One in four people who reported losing money to fraud in the last two years said the scam began on social media, accounting for $2.7 billion in reported losses, more than any other contact method, the Federal Trade Commission said in a new report.

Newsbytes Senators debate use of AI in financial services

Artificial intelligence could cause larger changes in the U.S. financial system than the social media-fueled Silicon Valley Bank run, Senate Banking Committee Chairman Sherrod Brown (D-Ohio) said during a committee hearing on the use of AI in the financial services sector.

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