Banks are reporting a ten-fold surge in digital scams, cybersecurity firm BioCatch says

Key Points

U.S. and Canadian banks reported a ten-fold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch.
The sharp rise in reported scams comes as banks have put in place more controls to prevent account takeovers and other forms of fraud, according to BioCatch Director of Global Fraud Intelligence Tom Peacock.
BioCatch, a Tel Aviv-based firm that uses behavioral data from mobile apps and websites to help banks distinguish between real users and criminals, provided its findings to CNBC ahead of a report that culled information from 170 U.S. and Canadian institutions.

Source

Finance

Stocks making the biggest moves premarket: Applied Materials, Intel, Magnum Ice Cream and more

May 15, 2026

Check out the companies making the biggest moves premarket: Applied Materials — The semiconductor equipment supplier fell about 2% despite reporting fiscal second quarter results that beat expectations on the top and bottom lines. Applied Materials posted quarterly earnings of $2.86 per share, excluding items, on revenues of $7.91 billion. Analysts surveyed by LSEG had […]

Finance

Bill Ackman says he built Microsoft position in first quarter

May 15, 2026

Key Points “In our 13F which we will file later today, we will disclose a new position in Microsoft, a company we have followed for many years now offered at a highly compelling valuation.” While Ackman didn’t note the size of his stake in the tech giant, he called it a “core holding.” Source

Finance

Trump-Xi summit: the 3 big takeaways from historic meeting in Beijing

May 15, 2026

Key Points U.S. President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday and Friday. The trip has gone a long way toward strengthening a fragile trade truce reached in October. However, the two sides have yet to announce many specific agreements. Source