New malware steals 200,000 passwords and credit card details through fake software

Hackers are now using fake versions of familiar software and documents to spread a new info-stealing malware known as PXA Stealer.

First discovered by Cisco Talos, the malware campaign is believed to be operated by Vietnamese-speaking cybercriminals and has already compromised more than 4,000 unique IP addresses across 62 countries.

Instead of targeting businesses alone, the attackers are now focusing on ordinary users in countries including the US, South Korea, and the Netherlands.

PXA Stealer is written in Python and designed to collect passwords, credit card data, cookies, autofill information, and even crypto wallet details from infected systems.

It spreads by sideloading malware into files like Microsoft Word executables or ZIP archives that also contain legitimate-looking programs such as Haihaisoft PDF Reader.

The malware uses malicious DLL files to gain persistence through the Windows Registry and downloads additional harmful files via Dropbox. After infection, it uses Telegram to exfiltrate stolen data, which is then sold on the dark web.

Once activated, the malware even attempts to open a fake PDF in Microsoft Edge, though the file fails to launch and shows an error message — by that point, it has already done the damage.

To avoid infection, users should avoid clicking unknown email links and should not open attachments from unfamiliar senders. Instead of saving passwords and card details in browsers, a trusted password manager is a safer choice.

Although antivirus software remains helpful, hackers in the campaign have used sophisticated methods to bypass detection, making careful online behaviour more important than ever.

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New Chinese crypto ban rumours spark chatter but lack official backing

On 3 August, social media platforms buzzed with claims that China had introduced a fresh ban on all crypto assets, including trading, mining, and related services. These reports reignited a familiar narrative, as similar rumours have emerged repeatedly over recent years.

Many users quickly reminded the community that China imposed a comprehensive ban on crypto transactions and mining back in September 2021.

The 2021 ban was driven by concerns over energy consumption linked to mining and the use of cryptocurrencies in illegal activities and capital flight. Although official crackdowns pushed many mining operations abroad, illegal activities persist within China.

Despite these facts, there has been no new official ban announced since then.

Rumours about China’s crypto regulations often cause strong reactions in the global market, given China’s large economic influence. However, many traders outside China do not verify these reports, which allows false information to spread rapidly.

Social media engagement and sensationalism continue to fuel the cycle of recurring ban rumours.

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Late-stage GenAI deals triple, Ireland sees growing interest

According to EY Ireland, global investment in generative AI surged to $49.2bn in the first half of 2025, eclipsing the full-year total for 2024. Despite a drop in deals, total value doubled year-on-year, reflecting a pivot towards more mature and revenue-focused ventures.

Average late-stage deal size has more than tripled to $1.55bn, while early and seed-stage activity has stagnated or declined. Landmark rounds from OpenAI, xAI, Anthropic, and Databricks drove much of the volume, alongside a notable $3.3bn agentic AI acquisition by Capgemini.

Ireland remains a strong adopter of AI, with 63% of startups using the technology. Yet funding gaps persist, particularly between €1m and €10m, posing challenges for growth-stage firms despite a strong local talent base.

Sprout Social’s acquisition of Irish analytics firm NewsWhip, though not part of the H1 figures, points to growing international interest in Irish AI capabilities. Meanwhile, US firms still dominate global deal value, capturing 97%, with the Middle East rising fast and Europe trailing at just 2%.

EY forecasts that sector-specific GenAI platforms, especially in cybersecurity and compliance, will become the next magnet for venture capital through late 2025 and beyond.

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Cloudflare claims Perplexity circumvented website scraping blocks

Cloudflare has accused AI startup Perplexity of ignoring explicit website instructions not to scrape their content.

According to the internet infrastructure company, Perplexity has allegedly disguised its identity and used technical workarounds to bypass restrictions set out in Robots.txt files, which tell bots which pages they may or may not access.

The behaviour was reportedly detected after multiple Cloudflare customers complained about unauthorised scraping attempts.

Instead of respecting these rules, Cloudflare claims Perplexity altered its bots’ user agent to appear as a Google Chrome browser on macOS and switched its network identifiers to avoid detection.

The company says these tactics were seen across tens of thousands of domains and millions of daily requests, and that it used machine learning and network analysis to identify the activity.

Perplexity has denied the allegations, calling Cloudflare’s report a ‘sales pitch’ and disputing that the bot named in the findings belongs to the company. Cloudflare has since removed Perplexity’s bots from its verified list and introduced new blocking measures.

The dispute arises as Cloudflare intensifies its efforts to grant website owners greater control over AI crawlers. Last month, it launched a marketplace enabling publishers to charge AI firms for scraping, alongside free tools to block unauthorised data collection.

Perplexity has previously faced criticism over content use, with outlets such as Wired accusing it of plagiarism in 2024.

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Qatar pushes for global alignment on tokenisation rules

Qatar Financial Centre calls for greater international coordination on tokenisation regulation, revealing plans to integrate real-world asset (RWA) tokenisation into the investment sector. The announcement came during the Digital Assets Policy Roundtable at the Qatar Economic Forum.

The report, created with Global Stratalogues and the Global Blockchain Business Council, urges global regulatory alignment, collaboration, and infrastructure support. It argues that tokenisation can boost financial inclusion when backed by strong policies.

Although Qatar restricts cryptocurrencies, the report confirms stablecoins will feature in the country’s strategy, focusing on regulated use in private equity, Islamic finance, and venture capital. The regulatory sandbox was also recognised globally.

Qatar is working with firms like R3, SettleMint, and The Hashgraph Association to launch a $50 million Digital Assets Venture Studio. Meanwhile, regional progress includes the first MENA-regulated tokenised money market fund from QNB (Singapore) and DMZ Finance.

RWAs are increasingly viewed as a bridge between traditional and decentralised finance, with their value expected to hit $19 trillion by 2033.

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The risky rise of all-in-one AI companions

A concerning new trend is emerging: AI companions are merging with mental health tools, blurring ethical lines. Human therapists are required to maintain a professional distance. Yet AI doesn’t follow such rules; it can be both confidant and counsellor.

AI chatbots are increasingly marketed as friendly companions. At the same time, they can offer mental health advice. Combined, you get an AI friend who also becomes your emotional guide. The mix might feel comforting, but it’s not without risks.

Unlike a human therapist, AI has no ethical compass. It mimics caring responses based on patterns, not understanding. One prompt might trigger empathetic advice and best-friend energy, a murky interaction without safeguards.

The deeper issue? There’s little incentive for AI makers to stop this. Blending companionship and therapy boosts user engagement and profits. Unless laws intervene, these all-in-one bots will keep evolving.

There’s also a massive privacy cost. People confide personal feelings to these bots, often daily, for months. The data may be reviewed, stored, and reused to train future models. Your digital friend and therapist might also be your data collector.

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Google signs groundbreaking deal to cut data centre energy use

Google has become the first major tech firm to sign formal agreements with US electric utilities to ease grid pressure. The deals come as data centres drive unprecedented energy demand, straining power infrastructure in several regions.

The company will work with Indiana Michigan Power and Tennessee Valley Authority to reduce electricity usage during peak demand. These arrangements will help divert power to general utilities when needed.

Under the agreements, Google will temporarily scale down its data centre operations, particularly those linked to energy-intensive AI and machine learning workloads.

Google described the initiative as a way to speed up data centre integration with local grids while avoiding costly infrastructure expansion. The move reflects growing concern over AI’s rising energy footprint.

Demand-response programmes, once used mainly in heavy manufacturing and crypto mining, are now being adopted by tech firms to stabilise grids in return for lower energy costs.

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OpenAI launches ‘study mode’ to curb AI-fuelled cheating

OpenAI has introduced a new ‘study mode’ to help students use AI for learning rather than cheating. The update arrives amid a spike in academic dishonesty linked to generative AI tools.

According to The Guardian, a UK survey found nearly 7,000 confirmed cases of AI misuse during the 2023–24 academic year. Universities are under pressure to adapt assessments in response.

Under the chatbot’s Tools menu, the new mode walks users through questions with step-by-step guidance, acting more like a tutor than a solution engine.

Jayna Devani, OpenAI’s international education lead, said the aim is to foster productive use of AI. ‘It’s guiding me towards an answer, rather than just giving it to me first-hand,’ she explained.

The tool can assist with homework and exam prep and even interpret uploaded images of past papers. OpenAI cautions it may still produce errors, underscoring the need for broader conversations around AI in education.

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Elon Musk’s Vine revival sparks surge in VINE coin

The VINE coin experienced a notable surge following Elon Musk’s announcement about restoring access to the old Vine video archive. Musk’s post about restoring Vine sparked renewed interest, boosting the token by over 8% in a day.

Musk’s push to revive Vine ties into a broader vision for X, his rebranded social media platform. The app aims to become an AI-driven ‘super-app’ with features including cryptocurrency-powered payments.

Other tokens linked to Musk, such as Dogecoin and Grok-related coins, have also enjoyed gains following his recent social media activity.

Vine, once a pioneering platform for viral six-second videos, was discontinued in 2017 but remains fondly remembered. Though launched independently, the VINE coin has gained from speculation linked to Musk’s revival plans.

Market watchers expect Musk’s influence could fuel further altcoin momentum linked to the app’s comeback and his crypto endorsements.

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The US launches $100 million cybersecurity grant for states

The US government has unveiled more than $100 million in funding to help local and tribal communities strengthen their cybersecurity defences.

The announcement came jointly from the Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Emergency Management Agency (FEMA), both part of the Department of Homeland Security.

Instead of a single pool, the funding is split into two distinct grants. The State and Local Cybersecurity Grant Program (SLCGP) will provide $91.7 million to 56 states and territories, while the Tribal Cybersecurity Grant Program (TCGP) allocates $12.1 million specifically for tribal governments.

These funds aim to support cybersecurity planning, exercises and service improvements.

CISA’s acting director, Madhu Gottumukkala, said the grants ensure communities have the tools needed to defend digital infrastructure and reduce cyber risks. The effort follows a significant cyberattack on St. Paul, Minnesota, which prompted a state of emergency and deployment of the National Guard.

Officials say the funding reflects a national commitment to proactive digital resilience instead of reactive crisis management. Homeland Security leaders describe the grant as both a strategic investment in critical infrastructure and a responsible use of taxpayer funds.

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