Sebi Unveils AI Tool to Enhance Cyber Safety in Financial Markets, ETCIO Sebi Chairman Tuhin Kanta Pandey on Friday said the capital markets regulator is in the process of developing an artificial intelligence-powered tool to analyse regulated entities’ cyber safety preparedness. Speaking at the BSE here, Pandey also said Sebi is in the process of constituting a working group to ...

Italy closes probe into DeepSeek after commitments to warn of AI ‘hallucination’ risks, ETCIO Italy’s antitrust authority has ‍ended an investigation into the Chinese AI system ⁠DeepSeek for allegedly failing to warn users that it may produce false information, ‌agreeing to ‌binding commitments as a condition for closing ‌the case. The Italian regulator, known as the AGCM, which also polices ...

Security startup Torq raises cash at $1.2 billion valuation, ETCIO The Israeli cybersecurity startup Torq is planning to announce Sunday that it has closed a $140 million funding round, raising its valuation to $1.2 billion. Torq, which is based in Tel Aviv, offers what it says is an autonomous security operations platform designed from the ground up with artificial intelligence. ...

Microsoft Cracks Down on AI-Driven Cybercrime Service RedVDS, ETCIO Microsoft on Wednesday said it has taken coordinated legal action in the United States and Britain to disrupt a low-cost subscription service called RedVDS that helps cybercriminals carry out lucrative scams. RedVDS charges as little as $24 monthly for access to disposable virtual computers that enable large-scale fraud that is difficult ...

American billionaire Mark Cuban has a warning on AI chatbots for CEOs, ETCIO American billionaire investor Mark Cuban has now issued a stark warning for business leaders about the risks and opportunities of artificial intelligence. Along with this, Cuban has also cautioned that while AI can transform companies, its careless use could expose valuable intellectual property. Speaking during a call ...

Samsung to focus on hybrid AI, open collaborations, Knox security to safeguard privacy, ETCIO Samsung Electronics has said it will prioritise governance, protect privacy and secure its services to ensure that artificial intelligence (AI) emerges as a ‘true companion’ of users. The South Korean consumer electronics giant’s announcement comes amid a raging debate about consumers’ security and privacy in the ...

OpenAI hunts for ‘Head of Preparedness’ amid rising AI safety concerns, ETCIO OpenAI first announced its preparedness team in 2023, saying it would study potential “catastrophic risks”. OpenAI is seeking to appoint a senior executive to examine emerging risks linked to advanced artificial intelligence (AI), as scrutiny grows over the technology’s impact on areas such as cybersecurity and mental health. ...

Meta sued by US Virgin Islands over ads for scams, dangers to children, ETCIO The attorney general of the US Virgin Islands has sued Meta Platforms, accusing the ‍Facebook and Instagram owner of deliberately profiting from advertisements for scams and failing to keep its social media platforms ⁠safe for children. “Meta knowingly and intentionally exposes its users to fraud and ...

How the Social Media Giant Outmaneuvers Scammer Regulations, ETCIO By Jeff Horwitz Japanese regulators last year were upset by a flood of ads for obvious scams on Facebook and Instagram. The scams ranged from fraudulent investment schemes to fake celebrity product endorsements created by artificial intelligence. Meta, owner of the two social media platforms, feared Japan would soon force it ...

How Cloud Failures Shook the Digital World, ETCIO The year 2025 highlighted the internet’s vulnerability. Major cloud providers like AWS, Microsoft Azure, and Google Cloud experienced significant outages. For a world that lives online, 2025 was a reminder of just how fragile the internet’s backbone can be. From payment systems and airlines to messaging apps and multiplayer games, millions of ...