Recent reports reveal a new wave of attacks targeting financial services that bypass traditional password theft. Instead, attackers use social engineering on IT support lines to reset multi-factor authentication (MFA) and register their devices, gaining persistent access through stolen tokens. The CrowdStrike 2026 Financial Services Threat Landscape Report highlights Mutant Spider as a top adversary, leveraging voice phishing over Microsoft Teams to manipulate employees. The FBI warns of Kali365, a phishing-as-a-service platform exploiting Microsoft OAuth’s device code flow — a legitimate feature that bypasses MFA on the attacker’s side. Additionally, the Verizon 2026 Data Breach Investigations Report notes a shift from credential theft to exploiting vulnerabilities.
These attacks expose weaknesses in current MFA implementations, which often lack out-of-band verification and fail to restrict risky authentication flows. Financial services organizations are urged to implement stricter controls, such as registering FIDO2 hardware keys, restricting OAuth device code flows, monitoring token usage, auditing SaaS activity, and redistributing security budgets to prioritize these emerging threats.
The industry’s focus on preventing password theft overlooks the reality that attackers now exploit legitimate authentication mechanisms and token-based access, which traditional defenses often miss. The evolving threat landscape calls for a strategic reconsideration of how MFA protects access and where organizations invest their security resources.
A surge in automation is revolutionizing debt collection, a job known for its difficulty and unpopularity. Soon, if you have an unpaid bill, you might find yourself speaking to an AI-powered debt collector.
Quantinuum, the quantum computing firm majority-owned by Honeywell, has set its initial public offering (IPO) valuation target at $12.7 billion. This figure is significantly lower than the previously rumored valuation of over $20 billion that was mentioned when the company filed its S-1 document in early May. The adjusted valuation suggests a roughly 27% increase over the company's prior $10 billion pre-money valuation.
Felipe Sinisterra and Dave Wang, former investment bankers, are in high demand, booked solid for two months teaching financial institutions how to effectively utilize their existing AI tools. Their expertise commands up to $25,000 a day as they help senior staff get the most out of their AI investments.
OpenRouter has secured $113 million in a Series B funding round led by CapitalG, boosting its valuation to $1.3 billion. The company has experienced a fivefold increase in usage over the past six months, signaling the arrival of a future driven by multiple AI models.
Robinhood has unveiled its new AI-powered features, including 'Agentic Trading' and an 'Agentic Credit Card,' enabling users to authorize AI agents to make trading and spending decisions on their behalf. These AI agents can execute equity trades according to predetermined strategies aligned with investors' goals, while users maintain overall control. The platform, with 27.6 million users, plans to expand agentic trading to crypto and options in the future. The Agentic Credit Card allows agents to make purchases within spending limits set by users, offering options for manual approvals. Robinhood's CEO Vlad Tenev emphasizes democratizing finance through AI but warns users about risks such as potential significant losses, AI errors, and challenges in monitoring real-time actions. Despite these risks, Tenev views these AI-driven tools as the future of personal finance and agentic commerce in the United States.
Since departing from the fintech firm Ramp, over 30 former employees have embarked on their own startup journeys, turning the company into a surprising hub for new founders.
Recent data highlights that the Irish Government's R&D tax credit is effectively encouraging fresh investment in research and development efforts across the country.
Cognition AI has successfully raised more than $1 billion in funding, bringing its valuation to $26 billion—more than doubling its worth since the previous $10.2 billion valuation in September. This financing round was led by Lux Capital, General Catalyst, and 8VC, with significant contributions from Ribbit Capital, Atreides Management, and Founders Fund, backed by Peter Thiel. The company highlights that 90% of its own software code is produced by its AI, showcasing its innovative approach to technology development.
ClickHouse, the database company, has significantly boosted its annualized revenue to $250 million and is planning to go public within the next few years.
