As the countdown to TGA begins, all eyes are on Xbox as fans eagerly await the moment when the gaming giant takes the stage and reveals what it has in store for the future. With the promise of a slew of major releases on the horizon, the anticipation is palpable, and the excitement is building as gamers prepare to witness what could be a game-changing moment for Xbox and the industry as a whole.A Florida man scammed a woman out of $250,000 by posing as Elon Musk, police say. The scam involved a fake Facebook account promising high returns on investments. Musk's identity is frequently used in scams, including deepfake crypto schemes. A Florida man pretending to be billionaire Elon Musk on Facebook scammed an older woman out of over $250,000, police say. Police arrested Jeffrey Moynihan, Jr., 56, earlier this week for grand theft. The Bradenton Police Department said in a statement that financial records show the woman from Texas sent at least $250,000 to Moynihan's business in Florida. The victim's husband told police that she sent "approximately $600,000" to Moynihan in total. Bradenton police say they arrested Moynihan at his home on November 19, noting that the real Elon Musk was likely busy at the time with the 6th test flight of the SpaceX Starship, which occurred the same day. The 74-year-old victim befriended someone named "Elon Musk" on Facebook in 2023, police said. The woman messaged with the fake account for "several months" as he encouraged her to invest in his businesses. The fake Musk account promised the woman a $55 million investment return. Instead, the money went directly into bank accounts owned by Moynihan and his business, Jeff's Painting and Pressure Washing, LLC, police said. In body camera footage released by police, Moynihan can be heard asking why the police have a warrant for his arrest. "Grand theft of what?" Moynihan asks in the video. It is unclear if Moynihan has hired an attorney. The Bradenton Police Department did not immediately return a request for comment. Musk has become the face of many scams worldwide over the past few years. In May, authorities in Hong Kong warned that crypto scammers were using AI deepfake videos of Musk to promote fake trading websites. One Australian man lost $50,000 after registering his details through an online crypto form he found through a deepfake interview with Musk on social media in June. Another woman in Korea gave $50,000 to a scammer who she fell in love with while they pretended to be Musk on Instagram.
Adobe Inc ADBE reported fourth-quarter financial results after the market close on Wednesday. Here’s a look at the key metrics from the quarter . Q4 Earnings: Adobe reported fourth-quarter revenue of $5.61 billion, beating the consensus estimate of $5.54 billion. The company reported fourth-quarter adjusted earnings of $4.81 per share, beating analyst estimates of $4.66 per share. Adobe has now exceeded analyst estimates in eight consecutive quarters, according to earnings data from Benzinga Pro . Total revenue was up 11% year-over-year, digital media revenue was up 12% year-over-year and digital experience revenue was up 10% year-over-year. Remaining performance obligations came in at $19.96 billion, up 16% year-over-year. Cash flows from operations totaled $2.92 billion in the fourth quarter. Adobe noted that it repurchased approximately 4.6 million shares during the period. “Adobe delivered record FY24 revenue, demonstrating strong demand and the mission-critical role Creative Cloud, Document Cloud and Experience Cloud play in fueling the AI economy,” said Shantanu Narayen , chair and CEO of Adobe. “Our highly differentiated technology platforms, rapid pace of innovation, diversified go-to-market and the integration of our clouds position us for a great year ahead.” Related Link: Costco Q1 Earnings Preview: Membership Fee Increase In Focus With Shares At All-Time Highs Guidance: Adobe expects first-quarter revenue to be in the range of $5.63 billion to $5.68 billion versus estimates of $5.73 billion. The company anticipates first-quarter adjusted earnings of $4.95 to $5 per share versus estimates of $4.95 per share. Adobe expects full-year 2025 revenue to be between $23.3 billion and $23.55 billion versus estimates of $23.79 billion. Adobe sees full-year adjusted earnings in the range of $20.20 to $20.50 per share versus estimates of $20.55 per share, according to Benzinga Pro . Adobe shares appear to be facing selling pressure due to the company’s soft guidance. Management will further discuss the quarter on a call with analysts and investors from 5 p.m. to 6 p.m. ET. ADBE Price Action: Adobe shares were down approximately 7.5% year-to-date heading into the print. At the time of publication Wednesday, the stock was down 7.63% at $507.99 in after-hours, according to Benzinga Pro . Read Next: Alphabet’s Quantum Willow Chip Wows Analyst: Google At The ‘Leading Edge Of Technology Innovation’ Photo: Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Furthermore, as technology continues to advance and disrupt traditional business models, there is a growing need for brokerage firms to embrace digital transformation and leverage innovative solutions to better serve their clients. By harnessing the power of data analytics, artificial intelligence, and digital marketing, brokerage firms can enhance their competitiveness and deliver more tailored and efficient services to their customers.
The cornerstones of modern businesses are under attack. With the news Monday (Dec. 9) that cybercriminals, alleged to be from the ransomware group Termite, are exploiting a security flaw that affects Cleo’s LexiCom, VLTransfer and Harmony enterprise file transfer tools, securing critical business infrastructure that handles sensitive data has become an urgent need . Enterprise file transfer tools are designed to securely and efficiently transfer large volumes of data across systems, networks and organizations. These tools are essential for businesses that handle sensitive information or need to comply with regulatory requirements. The software vulnerability at the heart of the Cleo cyber incident, CVE-2024-50623 , allows unauthenticated remote code execution, essentially giving attackers complete control over affected systems. Per the report from the security firm Huntress, at least 10 Cleo customers are believed to be compromised as a result. The attack on the company’s enterprise solutions comes just weeks after Termite executed a separate ransomware attack against supply chain management software provider Blue Yonder . The November strike disrupted Blue Yonder customers’ operations, including those at Starbucks and U.K. grocery chain Morrisons . The surge in cyberattacks targeting enterprise operations highlights a shift in how hackers approach their targets. Rather than casting wide nets through ransomware campaigns, cybercriminal groups are focusing on critical infrastructure that serves as the backbone of corporate data exchange. Read more : BEC and Phishing Attacks Surge, Exploiting New Domain Names Latest B2B Cyberthreat Critical business infrastructure, especially the many elements of it exposed to the internet, are attractive targets for attackers. That makes prevention and a multifaceted defense critical. By understanding the vulnerabilities of enterprise software tools and implementing security measures, businesses protect their data and mitigate the risks associated with data breaches. In the Cleo incident , several factors were at play . First, enterprise file transfer tools often have extensive permissions and access rights across networks. Second, these systems typically handle large volumes of sensitive data, making them attractive targets for extortion attempts. Third, many organizations rely on legacy file transfer infrastructure that may not receive regular security updates. Cleo did not immediately reply to PYMNTS’ request for comment. Cybercriminals , with the help of technologies like artificial intelligence (AI), are becoming adept at identifying chokepoints in business operations and exploiting them. File transfer systems are perfect targets: They’re essential for daily operations, they handle valuable data, and they’re often overlooked in security modernization efforts. As organizations rely more on digital infrastructure for their operations, observers believe that attacks targeting their systems are likely to continue. Within the banking sector specifically, the PYMNTS Intelligence report “ The State of Fraud and Financial Crime in the U.S.: What FIs Need to Know ,” found that 76% of financial institutions (FIs) plan to implement or upgrade fraud detection systems, up from 49% in 2023. However, at the same time, 83% of FIs cited cost as a barrier to upgrading. And as AI becomes more prevalent, data security will become more critical. “Companies and enterprises are increasingly facing a dilemma between how much they want to leverage their data versus how much they want to keep it secure and protected,” Pyte CEO and Founder Sadegh Riazi told PYMNTS in June. Read more: Grocery Giant Ahold Delhaize’s Cyber Incident Signals Wider Digital Achilles’ Heel Double-Edged Sword In interviews for the “ What’s Next in Payments ” series, a panel of executives explained to PYMNTS that a multilayered security strategy, also known as defense in depth , reduces risks at various levels. For businesses, the message is clear: Securing any infrastructure that touches data needs to become a top priority in cybersecurity planning. This includes regular security audits, patching, monitoring, and developing incident response plans.As we reflect on this heartening tale of reunion and resilience, let us be inspired to follow in the footsteps of the dedicated volunteer who helped make it all possible. May we each strive to embody the values of empathy, determination, and community spirit in our own lives, knowing that small acts of kindness can have a ripple effect that reaches far beyond our wildest dreams.
Overall, the announcement of the "The Legend of Zhen Huan" evening party has reignited the passion and love that fans have for the iconic drama. The reunion of Sun Li and the rest of the main creators is a momentous occasion that will undoubtedly make history in the realm of Chinese television. As the evening party approaches, anticipation is high, and excitement is building for what promises to be a memorable and joyful celebration of the enduring legacy of "The Legend of Zhen Huan."