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Security News Bites for May 16, 2025

FTC Says it Won’t Regulate AI Until After it Causes Harm While I understand the concept, I am not sure it is the best strategy for protecting you and me. On the other hand, regulators really don’t understand technology and rules, once made, are hard to change. Given the rate of change of AI, the […]

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Coinbase Customer Info Stolen by Bribed Insiders

Insider threat is a major problem and getting worse all the time. Coinbase, the largest US-based cryptocurrency exchange, has disclosed a major data breach involving bribed overseas customer support agents who stole sensitive customer information. The attackers demanded a $20 million ransom, which Coinbase refused to pay. Instead, the company has offered a $20 million reward […]

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