AI agents repurposed a University of Toronto link-sharing tool to communicate with each other

No data was compromised, and U of T’s digital properties were not affected, the university says

theglobeandmail.com

Yoshua Bengio’s non-profit to get up to $300-million from Canada, Germany to expand safe AI development

Montreal group aims to build a system called Scientist AI that would prioritize safety and monitor other models

theglobeandmail.com

Scotiabank paid music funder FACTOR $11-million to settle heist case, documents show

Scotiabank, FACTOR had previously declined to reveal value of settlement stemming from $9.8-million theft from music funder’s account in 2014

theglobeandmail.com

Canadian securities regulators decline to oversee sports, entertainment contracts for prediction markets

Regulators say the bets don’t belong under securities law and won’t be offered through regulated investment platforms

theglobeandmail.com

Ontario considers introducing unexplained wealth orders to seize assets obtained through crime

Controversial legal tool used in other provinces places onus on individuals to prove assets were obtained legally

theglobeandmail.com

Canadian banks implement prediction market rules for employees as the platforms’ arrival sparks concerns

Newly launched exchanges allow users to wager on events such as Bank of Canada interest rate decisions or corporate earnings metrics

theglobeandmail.com

This FTX claims broker is now courting victims of a $155-million hack of a Canadian bitcoin firm

Thomas Braziel, whose firm brokered close to US$1-billion of FTX bankruptcy claims, is bringing together victims of the Coinkite Inc. hack for a potential lawsuit against the crypto wallet maker

theglobeandmail.com

Film financier Jason Cloth ran ‘Ponzi-like’ fraud scheme, OSC alleges

He allegedly misappropriated more than $70-million of investors’ funds, concealed his wrongdoing

theglobeandmail.com

How St. John’s has become an unlikely hub for tech startups

As stemming the outflow of top Canadian talent to the U.S. becomes a larger priority, Newfoundland’s success story holds lessons for the rest of Canada

theglobeandmail.com

Experts call for greater oversight after OpenAI models go rogue and hack startup

AI tech giant says it expects this type of attack to become more common with new cyber-capable models

theglobeandmail.com

Think tank’s website cloned by hostile foreign intelligence agency, founder says

Macdonald-Laurier Institute says spoofed site was discovered during a Five Eyes investigation

theglobeandmail.com

Canada’s securities regulators bolster cybersecurity guidance

New AI models pose increasing threats to firms, which need to tighten security measures, report says

theglobeandmail.com

Canadian hacker Aubrey Cottle sentenced to 18 months custody after pleading guilty to cyberattack charges

Mr. Cottle pleaded guilty last week to charges related to a hack of a Texas Republican Party website

theglobeandmail.com

Canadian hacker pleads guilty to charges for cyberattack on Texas Republican website

Ontario resident Aubrey Cottle also charged in U.S. over 2021 incident

theglobeandmail.com

St. John’s-based Nasdaq Verafin launches AI agents to help combat financial crime

Company is harnessing AI to support financial institutions and allow human investigators to tackle more complex tasks

theglobeandmail.com

Four ways sophisticated swindlers are duping Canadians – and how to protect yourself

With AI and other online tools making it harder to spot scams, experts explain what to look out for and what can be done to address the problem

theglobeandmail.com

Business Brief: The ‘scampocalypse’

How swindlers are duping Canadians – and how to protect yourself

theglobeandmail.com

U of T researchers discover method of using AI to create more dangerous computer worms

Any device connected to the internet is at risk, researchers say

theglobeandmail.com

Minister Solomon confirms Canada now part of Anthropic’s Mythos AI preview program

The program aims to protect companies from hackers by granting them access to Mythos before its wide release

theglobeandmail.com

FinTRAC warns companies about potential human trafficking linked to FIFA World Cup

Anti-money-laundering watchdog issues guidance on identifying transactions linked to human trafficking, either for forced labour or sexual exploitation

theglobeandmail.com

Sarah Paquet exiting as director of Canada’s anti-money-laundering watchdog

Stéphane Sirard, FinTRAC’s deputy director of intelligence, will serve as director until a replacement is named

theglobeandmail.com

B.C. Securities Commission identifies more than 100 money mules in investment fraud cases

‘Knock and talk’ program aims to dissuade individuals from moving dirty money on behalf of fraudsters

theglobeandmail.com

Finance Minister pitches digital trade mission to showcase Canada’s fintech capabilities

Champagne proposes leveraging Canada’s reputation as a trustworthy partner to bring innovations abroad

theglobeandmail.com

FinTRAC penalizes three organizations for alleged failures in financial crime controls

Canada’s financial crime watchdog levied the fines against VersaBank, RE/MAX Twin City Realty and Birks Group

theglobeandmail.com

New financial crime agency aims to improve Canada’s enforcement regime

Federal policing agency to focus on bolstering anti-money-laundering actions

theglobeandmail.com

Patchapalooza: Canadian companies brace for software fixes from Mythos AI threat

Anthropic’s new AI model is expected to reveal an exponential surge in system vulnerabilities that bad actors could exploit

theglobeandmail.com