AIBusinessCybersecurity

Reddit Files Federal Lawsuit Alleging Perplexity AI Built $20B Business on Stolen Data

Reddit has launched legal action against Perplexity AI and several data scraping companies, alleging systematic theft of its content. The lawsuit claims these firms bypassed digital protections to harvest Reddit’s data for AI training, despite cease-and-desist demands.

Legal Battle Over AI Training Data

Reddit has initiated federal legal proceedings against artificial intelligence company Perplexity and multiple data scraping firms, accusing them of systematically stealing proprietary content to build AI products, according to court documents filed in Manhattan. The lawsuit alleges these companies illegally circumvented digital security measures to access Reddit’s data for training AI models without compensation or permission.

CybersecuritySoftwareTechnology

Boost Payment Solutions Achieves Near-Perfect Compliance With Visa’s New B2B Transaction Standards

Boost Payment Solutions has demonstrated exceptional compliance with Visa’s new Commercial Electronic Data Program (CEDP), processing 99.96% of transactions meeting the enhanced data requirements. The company’s preparation ensures clients receive the lowest available interchange rates while navigating one of the most significant payment qualification changes in decades. This achievement reflects the growing importance of data accuracy in B2B transactions.

Visa’s Transformative B2B Payment Program

Boost Payment Solutions has achieved a remarkable compliance rate with Visa’s new Commercial Electronic Data Program (CEDP), with sources indicating that 99.96% of transactions processed by the company meet the program’s enhanced requirements. According to reports, CEDP represents one of the most significant changes to interchange qualifications in decades, replacing Visa’s previous Level 2 and Level 3 interchange structures with a framework centered on real-time data validation.

AICybersecurityStartups

European Cybersecurity Startups Race to Combat Deepfake Fraud Epidemic as Losses Top €1.3 Billion

Deepfake-related fraud losses have exceeded €1.3 billion across Europe, with €860 million stolen in 2025 alone according to new research. European cybersecurity startups are raising significant funding to develop detection technologies as new EU regulations target AI-powered deception.

Deepfake Fraud Reaches Crisis Levels

European cybersecurity startups are accelerating development of deepfake detection technologies as reported losses linked to synthetic media fraud have surpassed €1.3 billion, according to a recent study by Dutch cybersecurity firm Surfshark. Sources indicate that €860 million was stolen in 2025 alone, representing a €500 million year-on-year increase as AI-powered deception becomes increasingly sophisticated and accessible.

AutomotiveBusinessCybersecurity

UK Economy Suffers £1.9 Billion Blow from Jaguar Land Rover Cyber Attack, Analysis Reveals

A major cyber attack on Jaguar Land Rover has reportedly cost the UK economy approximately £1.9 billion, according to new analysis. The incident disrupted manufacturing for nearly six weeks and impacted thousands of organizations across the automotive supply chain.

Massive Economic Impact

The cyber attack on Jaguar Land Rover has cost the British economy an estimated £1.9 billion (approximately $2.55 billion) and affected more than 5,000 organizations, according to a report published Wednesday by an independent cybersecurity body. The analysis suggests this may be the most economically damaging cyber event in UK history.