📢 YouGov finds boomers outperform Gen Z in online security.

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This week, there's a glitch :

• 🔥 Global Tax Chiefs and SFCT build capability to combat crypto crime

• 📢 YouGov finds boomers outperform Gen Z in online security.

• 💵Ad Industry Alert: DoubleVerify's Fraud Lab Exposes FM Scam Impacting Millions"

🔥Global Tax Chiefs and SFCT build capability to combat crypto crime.

Over fifty members of Australia's Serious Financial Crime Taskforce (SFCT) received training in crypto asset investigation last week from experts from various Joint Chiefs of Global Tax Enforcement (J5) jurisdictions. The J5 and SFCT's cooperation is crucial at this point because cryptocurrency assets are being used more and more for illegal purposes, such as money laundering related to tax offenses. Because of their alleged anonymity as well as how quickly and easily they can be traded anywhere in the world, cryptocurrency assets are attractive to criminals. In order to assist with the identification, investigation, and prosecution of cyber targets connected to tax crimes and money laundering, the training gave participants the chance to examine case studies from the real world and cutting-edge technologies. The participants improved their knowledge of the technologies and tools needed to support this, as well as their abilities in crypto asset analysis and investigation. John Ford, Deputy Commissioner at the Australian Taxation Office (ATO) and Chief of the SFCT, stated, "The ATO has an expert team of staff who are equipped to detect and identify tax crime activities, and these capabilities continue to strengthen." "In particular, this training has improved partner agencies' comprehension of SFCT's resources and platforms to facilitate information sharing about crypto assets, exchange leads, and support case development." [Read more]

• At a corporate event in Cupertino, California, Apple recently unveiled its new lineup of iPads, which include a custom M4 chip that allows for advanced AI capabilities and a tonne of new AI-powered features.

• As part of Governor Gavin Newsom's efforts to harness the power of new technologies for public services, new agreements announced Thursday suggest that California could soon be using generative artificial intelligence tools to help reduce traffic jams, make roads safer, and provide tax guidance, among other things.

• A new rumor claims that what its rivals already have—AI transcription of voice recordings in its Voice Memos app—will be added to the upcoming iOS 18 version of the iPhone software.

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📢 YouGov finds boomers outperform Gen Z in online security.

YouGov found that Baby Boomers lead online security. For a recent YouGov Financial Webinar, this generation was found to be the most likely to practice safe online habits, such as not opening emails from unknown senders, not clicking links or downloading attachments, and verifying emails or messages directly with the contact. A large 93% of Baby Boomers said they would rarely or never download an attachment or open a link from an unknown sender. With 84% of Gen X, 65% of Millennials, and 67% of Gen Z agreeing, online security caution decreases with each generation. Baby Boomers again showed their online security savvy by opening unknown emails. A large 84% of this generation said they would never or rarely open an unknown email. Gen X had 67% of this opinion, Millennials 48%, and Gen Z 39%. [ Read more]

💵 Ad Industry Alert: DoubleVerify's Fraud Lab Exposes FM Scam Impacting Millions

The Fraud Lab at DoubleVerify ("DV"), a leading software platform for digital media measurement, data, and analytics, discovered “FM Scam,” the latest audio fraud scheme, and mitigated it using a proprietary combination of AI-powered technology and human review.FM Scam, the second major global audio spending scheme, emerged shortly after DV Fraud Lab protected advertisers from BeatSting, the first major audio traffic invalid traffic (IVT) scheme. Both schemes cost unprotected advertisers over $1 million per month at their peak.FM Scammers use dedicated servers to fake audio traffic. They also spoof many audio-playing devices. This lets fraudsters mix invalid traffic with legitimate traffic to avoid detection. The scammers spoofed over 500,000 devices, including phones, tablets, connected TV (CTV) devices, audio players, smartwatches, and, for the first time, smart speakers, according to DV. [Read more ]

• Dmitry Khoroshev, a Russian national, faces a travel ban and targeted financial penalties from Australia due to his prominent leadership position within the LockBit ransomware group.

• Iran is most likely to target a former Air Force intelligence analyst in the US with a devastating cyberattack. However, China has the most advanced technology.

• The US government wants to question Microsoft President and Vice Chair Brad Smith, among other prominent figures in the tech industry, about the company's recent cybersecurity lapses before a House committee.

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• Coinbase was chosen as the distribution partner for customer fund withdrawals by BlockFi, a centralized cryptocurrency lender, which recently closed down its website. In light of its platform closure, BlockFi is taking this action to guarantee a smooth transition for qualified users.

• Financial firm JPMorgan Chase, with headquarters in the US, has revealed investments in exchange-traded funds (ETFs) for bitcoin that are provided by Bitwise, ProShares, Grayscale, BlackRock, and Fidelity.

• A major cryptocurrency industry development In India, Binance and KuCoin received registration approval from the Financial Intelligence Unit (FIU-IND), a milestone in their regulatory compliance.

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