In recent months, the landscape of artificial intelligence (AI) in the e-commerce sector has come under significant scrutiny. The U.S. Federal Trade Commission (FTC) has stepped up its enforcement actions, penalizing companies that mislead consumers through deceptive AI practices. These developments highlight a growing concern about the ethical use of AI technologies in business, particularly […]
OpenAI's X Account Compromised by Crypto Scammers
Cryptocurrency scams continue to pose a significant threat in the digital landscape, as evidenced by the recent hacking of OpenAI’s official X account. Scammers exploited this prominent account to promote a fraudulent blockchain token named ‘$OPENAI,’ which claimed to offer users access to exclusive future OpenAI beta programs. The post not only misled users but […]
Italy Opens Greenwashing Probe Into Shein Website
Italy’s antitrust agency is taking a significant step by investigating the parent company of Shein—a popular fast-fashion retailer—over potentially misleading environmental claims. The probe specifically targets Infinite Styles Services CO. Limited, which operates Shein’s website and app. Allegations of Misleading Claims The Italian authority has expressed concerns that Shein’s website attempts to present an image […]
Philippines Introduces New Internet Transactions Regulations
The Philippines is taking a significant step to regulate its burgeoning digital economy with the introduction of Joint Administrative Order No. 24-03, Series of 2024. This new framework outlines the Implementing Rules and Regulations (IRR) for the Internet Transactions Act (ITA) of 2023. Focusing on transparency and accountability, this regulation targets all business-to-business (B2B) and […]
Senators Call for Action to Tackle Bitcoin ATM Scams
The increasing incidence of fraud linked to Bitcoin ATMs has captured the attention of U.S. lawmakers, prompting calls for urgent action. A group of Senate Democrats, led by Senate Judiciary Committee Chair Dick Durbin, is urging the nation’s largest Bitcoin ATM operators to enhance their efforts in preventing scams that predominantly target older Americans. In […]