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08 May 2026 12:10am GMT

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08 May 2026 12:03am GMT

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07 May 2026 11:17pm GMT

The IMF is warning that advanced AI-powered cyberattacks pose a serious threat to global financial stability. "IMF analysis suggests that extreme cyber-incident losses could trigger funding strains, raise solvency concerns, and disrupt broader markets," the lender warned in a new report. The report urged greater international cooperation and emphasized resilience, since breaches are "inevitable" -- particularly for emerging economies with weaker defenses. Agence France-Presse reports: The study's authors highlighted the risks posed by the highly interconnected nature of the global financial system, with advanced AI models able to "dramatically reduce" the time and cost of exploiting vulnerabilities. [...] The IMF warned that emerging and developing countries, "which often have more severe resource constraints, may be disproportionately exposed to attackers targeting regions with weaker defenses." The risks, the authors said, were systemic, cut across sectors and came with the threat of contagion, with the reliance on a small number of platforms and cloud providers likely to increase "the impact of any single exploited weakness." "Defenses will inevitably be breached, so resilience must also be a priority, specifically to limit how far incidents spread and ensure rapid recovery," the report said. IMF chief Kristalina Georgieva warned last month that the global financial system was not ready for the cybersecurity threats posed by AI. "We are very keen to see more attention to the guardrails that are necessary to protect financial stability in a world of AI," she told CBS News, seeking global collaboration on the issue.

Read more of this story at Slashdot.

07 May 2026 11:00pm GMT

In honor of World Password Day, Kaspersky researchers revisited their study on the crackability of real-world passwords and found that 60% of MD5-hashed passwords could be cracked in under an hour with a single Nvidia RTX 5090, and 48% could be cracked in under a minute. "The bottom line is that passwords protected only by fast hashing algorithms such as MD5 are no longer safe if attackers obtain them in a data breach," reports The Register. From the report: Much of the reason password hashes have become so easy to crack is password predictability. Per Kaspersky, its analysis of more than 200 million exposed passwords revealed common patterns that attackers can use to optimize cracking algorithms, significantly reducing the time needed to guess the character combinations that grant access to target accounts. In case you're wondering whether there's a trend to compare this to, Kaspersky ran a prior iteration of this study in 2024, and bad news: Passwords are actually a bit easier to crack in 2026 than they were a couple of years ago. Not by much, mind you -- only a few percent -- but it's still a move in the wrong direction. "Attackers owe this boost in speed to graphics processors, which grow more powerful every year," Kaspersky explained. "Unfortunately, passwords remain as weak as ever." "This World Password Day, the main message ought not to be to the users, who often have no choice but to use passwords anyway, but to the sites and providers that are requiring them to do so," said senior IEEE member and University of Nottingham cybersecurity professor Steven Furnell. His advice is that providers need to modernize their login systems and enforce stronger protections, because users are often stuck with whatever security options they're given.

Read more of this story at Slashdot.

07 May 2026 10:00pm GMT

Lawsuit accuses DHS of plugging DNA database into ICE surveillance machine.

07 May 2026 9:35pm GMT

Star Labs' StarFighter Linux laptop is now available with Intel and AMD options, coreboot firmware, LVFS updates, and a 16-inch display.

07 May 2026 9:31pm GMT

Companies including Philips and Pandora say they plan to seek tariff reimbursements after the Supreme Court ruled Trump's sweeping duties illegal, with the U.S. potentially facing up to $175 billion in refunds. Many firms say tariffs hurt earnings, but CFO survey results suggest companies applying for refunds are unlikely to pass savings back to consumers through lower prices. CNBC reports: Companies across Europe are flagging disruption from tariffs as a factor contributing to a skewed earnings picture. "We will ask for a rebate of tariffs in line with the government policies," Roy Jakobs, CEO of healthtech firm Philips, told CNBC's "Squawk Box Europe" on Wednesday morning. "We have been saying that of course we prefer a world without tariffs, without trade barriers, because we want to serve patients." Philips included the cost of tariffs within its full-year guidance and did not assume the impact from any potential refunds. Danish jeweler Pandora also announced its intention to apply for a rebate on Wednesday, with CEO Berta de Pablos-Barbier telling CNBC that tariffs were a "headwind" to earnings in the first quarter. "We have no news yet, so we cannot count on any of that refund," she told CNBC's "Squawk Box Europe." "Let's wait and see." De Pablos-Barbier noted that the biggest factor impacting Pandora's profit this quarter is the cost of silver, which more than quadrupled in the last 18 months. She reiterated the firm's pivot from pure silver to platinum as a way of reducing costs. BMW, Daimler, Renishaw, Smith & Nephew and Continental all flagged tariffs as negatively impacting results in a slew of earnings updates on Wednesday, but the companies did not say whether they are applying for rebates. Businesses often bear some of the cost of tariffs, with some costs passing on to consumers through price hikes. Tariffs have had an overall inflationary impact on the economy, economists have told CNBC. Despite the refund process potentially covering more than 330,000 importers on roughly 53 million entries, per court documents, consumers are unlikely to benefit, according to the results of the latest CNBC CFO Council quarterly survey. Twelve of the 25 chief financial officers interviewed said their company plans to apply for tariff refunds, however, none intend to lower prices in response.

Read more of this story at Slashdot.

07 May 2026 9:00pm GMT

The developer of Firefox says it has "completely bought in" on AI-assisted bug discovery.

07 May 2026 7:18pm GMT

UBports releases Ubuntu Touch 24.04-1.3 while preparing 24.04-2.0, targeting a newer Morph Browser stack with Qt 6 work.

07 May 2026 4:44pm GMT

Traefik Proxy 3.7 adds production-ready Ingress NGINX migration support, new TLS certificate visibility, and Gateway API 1.5.1 updates.

07 May 2026 2:46pm GMT

The $100 Fitbit Air is available for preorder today.

07 May 2026 2:00pm GMT