Companies such as eBay and British insurer Beazley have warned about an uptick in fraudulent emails containing personal details obtained via artificial intelligence (AI) analysis of online profiles, according to the Financial Times. Cybersecurity experts say these attacks are increasing as AI grows in sophistication, allowing hackers to create targeted phishing scams by scraping victims' online presence and recreating their style and tone. The use of generative AI tools has lowered the entry threshold for advanced cybercrime, with eBay's Nadezda Demidova stating that there has been a growth in polished and closely targeted phishing scams. To combat this, companies are employing AI-powered cybersecurity measures, with 55% of companies using such measures according to a PYMNTS Intelligence report.
https://www.pymnts.com/fraud-attack/2025/ai-fuels-reported-rise-in-polished-phishing-scams/Jeff Wong has joined WSPN, a company involved in the stablecoin industry. Wong, who previously served as EY's Global Chief Innovation Officer from 2015 to 2024, brings experience in emerging technologies such as Artificial Intelligence and Blockchain. He will contribute his expertise to help WSPN build its digital payment infrastructure. Wong's appointment was welcomed by Raymond Yuan, Founder and CEO of WSPN, who noted that Wong's leadership experience at global institutions like eBay and JPMorgan Partners would be valuable for the company's expansion plans.
https://www.prnewswire.com/news-releases/wspn-appoints-former-ey-global-chief-innovation-officer-jeff-wong-as-independent-director-302338816.html