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☆ Amazon is trying to get rid of its signature brown boxes. The retail shipping giant has a long way to go
▼ + stars: | 2024-04-01 | by ( Ellen Sheng | ) www.cnbc.com time to read: +3 min

Among the primary targets to help reduce this mountain of packaging, the most notable may be the Amazon shipping box or envelope. In 2022, 11% of Amazon orders worldwide were sent in original manufacturer packaging. The company has yet to release its 2023 figure for the initiative designed to get rid of Amazon's signature brown box, called the Ships in Product Packaging program. If customers complain about damage and return more items because of it, Amazon can go back to using boxes. "We wouldn't develop a new product unless we can ship it in the manufacturer's boxes," he said.

Persons: Kayla Fenton, Fenton, Johan Stellansson, Stellansson Organizations: Amazon, Products Locations: U.S, New York City, Los Angeles

☆ Generative AI financial scammers are getting very good at duping work email
▼ + stars: | 2024-02-14 | by ( Ellen Sheng | ) www.cnbc.com time to read: +8 min

Among the most common email scams are phishing emails. Instead of sending out generic emails, the emails are addressed to an individual or a specific organization. Now, criminals anywhere in the world can use ChatGPT or FraudGPT to create convincing phishing and spear phishing emails. If I'm going to do 1,000 spear phishing emails or CEO fraud attacks, and I find one in 10 of them work, that could be millions of dollars," said Davies. It will take some time for companies to adjust, but for now, cybersecurity experts say generative AI is leading to a surge in very convincing financial scams.

Persons: Chase, Christopher Budd, Elon, Gayle King, Tucker Carlson, Bill Maher, Andrew Davies, Cyril Noel, Tagoe, Davies, Venmo, Wise, Netcea, Banks, Ajay Bhalla, haven't, Noel, I've, Budd Organizations: Association of Financial, eBay, CBS, Fox News, Facebook, YouTube, PayPal, Mastercard Locations: Hong Kong, ComplyAdvantage

☆ Can an AI chatbot be convicted of an illegal wiretap? A case against Gap's Old Navy may answer that
▼ + stars: | 2023-12-03 | by ( Ellen Sheng | ) www.cnbc.com time to read: +5 min

The suit also alleges that Old Navy unlawfully shares consumer data with third parties without informing consumers or seeking consent. Old Navy, through its parent company Gap, declined to comment. Old Navy isn't the only one to face similar charges. For now, states have different privacy rules, but there is no unifying federal-level regulation about online privacy. With no comprehensive federal online privacy legislation, companies are free to charge ahead without having to put privacy protections in place.

Persons: Irina Raicu, Raicu, It's, Ari Lightman Organizations: Navy, Central District of, Old, Home Depot, General Motors, Ford, JCPenney, Markkula Center, Applied, Santa Clara University . Companies, Companies, JPMorgan, Verizon, Old Navy, Carnegie Mellon University's Heinz College Locations: Central District, Central District of California, California, U.S, Europe, Canada, Europe . Colorado , Connecticut , Utah, Virginia, Delaware, Florida, Iowa

☆ Insurers are seeking a way to make money from your climate change travel anxiety
▼ + stars: | 2023-10-04 | by ( Ellen Sheng | ) www.cnbc.com time to read: +3 min

More travel and disrupted travel plans have meant more interest in travel insurance, which covers trip cancellation, lost luggage and delays. "The baseline of normal has changed significantly," said Jeff Rolander, vice president of claims at Faye Travel Insurance. More travelers seeking out trip insuranceConsumers are reacting to increasingly extreme and unpredictable natural disasters by more often opting into travel insurance. According to Squaremouth.com, a travel insurance quoting and comparison engine, the travel insurance market has grown significantly since 2020, when travel came to a halt. But increased delays due to extreme weather are also contributing to the growth.

Persons: Jeff Rolander, Squaremouth.com, Nick Lazzari Organizations: Faye Travel Insurance Locations: Rhodes, North America, Mexico

☆ Phishing scams targeting small business on social media including Meta are a 'gold mine' for criminals
▼ + stars: | 2023-08-15 | by ( Ellen Sheng | ) www.cnbc.com time to read: +6 min

CNBC quarterly surveys of small business owners in recent years have indicated that many do not rate the risk of cyberattack highly, yet the FBI says that in recent years a wave of hacks has targeted small business. Small business owners say social media giants such as Meta have done little to help them address the problem. Malware can target victims through email phishing, browser extensions, ads and mobile apps and various social media platforms. According to SCORE, a nonprofit partly funded by the U.S. Small Business Administration, nearly half of small business owners cited social media as their preferred digital marketing channel. And social media accounts of small businesses are like a gold mine," said Joseph Steinberg, a cyber security privacy and AI expert, who sees small business social media accounts as "low hanging fruit."

Persons: it's, Pat Bennett, Pat's Granola, Bennett, hasn't, Pat Bennett Bennett's, Joseph Steinberg, Bryan Palma, Europol, Palma, Cai Dixon, Dixon Organizations: Facebook, Meta, CNBC, FBI, SCORE, U.S . Small Business Administration, YouTube Locations: Cleveland, Europe

☆ Why finding a camp for your kid is this summer's madness
▼ + stars: | 2023-06-13 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

NEW YORK, June 13 (Reuters) - For American kids, summer camps can conjure up some idyllic experiences: Canoeing on lakes, munching on s’mores by campfires. THE EARLY BIRD GETS THE WORMMany day camps open registration in January, February and March, and overnight camps often start the previous fall. Indeed, in 2022 the average day camp cost rose to $87 per day, and the average overnight camp to $172 a day, according to an ACA survey of participating camps. “Investigate if your employer provides any summer camp assistance as part of their benefits package. Says Rosenberg: “Summer camp is hot again.”Editing by Lauren Young Follow us @ReutersMoneyOur Standards: The Thomson Reuters Trust Principles.

Persons: ”, Ellen Sheng, it’s, ” Sheng, “, Tom Rosenberg, Rosenberg, ” Rosenberg, Anna Sergunina, ” Sergunina, Hunt, Says Rosenberg, Lauren Young Organizations: YORK, campfires, American Camp Association, YMCA, “, Thomson, Reuters Locations: Summit , New Jersey, Greater New York, Los Gatos , California

Text-to-image tools like OpenAI's DALL-E, Midjourney, Stable Diffusion, and DreamUp can render images in various styles in seconds with a few words of direction. Now those purchasers can use the artist's work without compensating the artist at all," the class-action court filing against Stable Diffusion states. Stable Diffusion did not provide a comment by press time. Companies are selling AI-generated prints and Stable Diffusion can learn to copy an artist's style within hours. Given how new generative AI is, it's not surprising the legal system has yet to catch up.

☆ What diabetes is revealing about the benefits and risks of personal medicine connected to the internet
▼ + stars: | 2023-01-21 | by ( Ellen Sheng | ) www.cnbc.com time to read: +4 min

Devices such as insulin pumps, which go back decades, and continuous glucose monitors, which monitor blood sugar levels 24/7, are increasingly connected to smartphones via Bluetooth. Sleep apnea, Type 2 diabetes and remote health careIt's not just diabetes where the medical device market is offering patients new benefits from remote monitoring. The number of internet-connected medical devices grew during the pandemic, as lockdowns created a big push to treat people at home. Multiple forms of medical cybersecurity riskIndustry security experts categorize cybersecurity risks of medical devices into three buckets. Many medical devices such as insulin pumps require patients to create online accounts to download data to a computer or smartphone.

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