
Iranian-backed hackers go to work after US strikes
WASHINGTON — Hackers backing Tehran have targeted U.S. banks, defense contractors and oil industry companies following American strikes on Iranian nuclear facilities — but so far have not caused widespread disruptions to critical infrastructure or the economy.
But that could change if the ceasefire between Iran and Israel collapses or if independent hacking groups supporting Iran make good on promises to wage their own digital conflict against the U.S., analysts and cyber experts say.
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Forbes
9 minutes ago
- Forbes
Inside PayPal's $697M Deal With Big Ten And Big 12
INDIANAPOLIS, IN - JULY 26: General view of the Big Ten Conference logo seen on the field during the ... More 2022 Big Ten Conference Football Media Days at Lucas Oil Stadium on July 26, 2022 in Indianapolis, Indiana. (Photo by) Starting July 1, 2025, phones across Big Ten and Big 12 campuses will ping with payment notifications from PayPal's Venmo app, now in partnership with schools able to distribute up to $20.5 million annually under the June 2025 House v. NCAA settlement. It's a significant for several reasons, as described to me today by PayPal CEO Alex Chriss and Big 12 Commissioner Brett Yormark at PayPal's New York City office. "For many of them, this is gonna be their first paycheck," said Chriss. And when you factor in that every Big Ten and Big 12 institution—34 in all—can share up to $20.5 million a year, the simple math tells a powerful story: 34 schools. $20.5 million. Multiply those two and you have $697 million. What does that mean per athlete? WASHINGTON, DC - APRIL 24: CEO of PayPal Alex Chriss speaks during the Semafor 2025 World Economy ... More Summit at Conrad Washington on April 24, 2025 in Washington, DC. The Summit, held from April 23-25, gathers CEOs, government officials, financial leaders, and more for conversations on the state of the global economy. (Photo by) The NCAA counts "more than 170,000 Division I student‑athletes across 350 schools," or roughly 486 athletes per campus. So, for a typical Big Ten or Big 12 roster, a $20.5 million cap works out to about $42,000 per athlete per year. Although the average entry-level salary for a college graduate is $68,400 per year, according to a 2025 report from ZipRecruiter, that $42,000 per year doesn't include name, image, and likeness (NIL) deals. "This has been a long time coming," said Yormark. "Student‑athletes are very much part of the value equation." That they are, and a long time it has been: nearly 70 years, starting with The University of Denver v. Nemeth in 1953. ARLINGTON, TEXAS - DECEMBER 7: Big 12 commissioner Brett Yormark speaks to the media during a press ... More conference prior to the game between the Arizona State Sun Devils and the Iowa State Cyclones at AT&T Stadium on December 7, 2024 in Arlington, Texas. (Photo by Aaron M. Sprecher/Getty Images) Athletes have earned the convenience of a quick and easy payment, hence the partnership with PayPal's Venmo. But the partnership goes beyond that for Yormak. Speaking on the partnership's origins, he said, "We needed to find a partner that was reliable, that was secure, and, candidly, that the student‑athletes were familiar with." Yormak's son, who attends a school in Miami uses Venmo, as do many––likely millions––of college students. Chriss surmised it best when he said "Venmo is a verb" in modern parlance. That's impossible to dispute. PayPal's co-branded Venmo debit cards. "This money is going directly to students," Chriss said. "There's no intermediary." So although PayPal will monetize the partnership through instant transfer charges and other fees—the same revenue model that supports Venmo's 80-million-plus-user base, it will do so only should the athletes choose to use such features, but funds won't be touched in transit from the institution to the athlete. When I inquired of Chriss and Yormark on the double-edged sword of instant payments, Yormark shared how both leagues will mandate financial literacy programs, with Yormark stressing this will be "at the core" of implementation. Given that, athletes stand to gain a lot here, and if the system scales successfully across other conferences, PayPal could find itself processing well over $2 billion annually in athlete payments—transforming what began as a platform for splitting pizza bills into the infrastructure for an entirely new economy in college sports.

Associated Press
9 minutes ago
- Associated Press
Family files for release in lawsuit considered first involving children challenging arrests at court
A mother and her two young kids are fighting for their release from a Texas immigration detention center in what is believed to be the first lawsuit involving children challenging the Trump administration's policy on immigrant arrests at courthouses. The lawsuit filed Tuesday argues that the family's arrests after fleeing Honduras and entering the U.S. legally using a Biden-era appointment app violate the family's Fourth Amendment right to be free from unreasonable searches and seizure and their Fifth Amendment right to due process. 'The big picture is that the executive branch cannot seize people, arrest people, detain people indefinitely when they are complying with exactly what our government has required of them,' said Columbia Law School professor Elora Mukherjee, one of the lawyers representing the family. The Department of Homeland Security did not immediately respond to an email requesting comment. Starting in May, the country has seen large-scale arrests in which asylum-seekers appearing at routine court hearings have been arrested outside courtrooms as part of the White House's mass deportation effort. In many cases, a judge will grant a government lawyer's request to dismiss deportation proceedings and then U.S. Immigration and Customs Enforcement officers will arrest the person and place them on 'expedited removal,' a fast track to deportation. Mukherjee said this is the first lawsuit filed on behalf of children to challenge the ICE courthouse arrest policy. There have been other similar lawsuits, such as in New York, where a federal judge ruled earlier this month that federal immigration authorities can't make civil arrests at the state's courthouses or arrest anyone going there for a proceeding. The Texas lawsuit was filed using initials for the children and 'Ms. Z' for the mother. Their identities have not been released because of concerns for the family's safety. As the family has been held for a month in the Dilley Immigration Processing Center, the mother has watched her 6-year-old son's health decline, Mukherjee said. He recently underwent chemotherapy treatment for leukemia and because of his arrest missed his check-in doctor's appointment, Mukherjee said. In the weeks since, he has lost his appetite. 'He's easily bruising. He has bone pain. He looks pale,' Mukherjee said. 'His mom is terrified that these are symptoms that his leukemia situation might be deteriorating.' The mother, son and 9-year-old daughter fled Honduras in October 2024 due to death threats, according to the lawsuit. They entered the U.S. using the CBP One app and were paroled into the country by the Department of Homeland Security, which determined they didn't pose a danger to the community, Mukherjee said. They were told to appear at a Los Angeles immigration court May 29. President Donald Trump ended CBP One for new entrants on his first day in office after more than 900,000 people had been allowed in the country using the app since it was expanded to include migrants in January 2023. During the family's hearing, the mother tried to explain to the judge that they wished to continue their cases for asylum, Mukherjee said. Homeland Security moved to dismiss their cases, and the judge immediately granted that motion. When they stepped out of the courtroom, they found men in civilian clothing believed to be ICE agents who arrested the family, Mukherjee said. They were transported to an immigrant processing center in Los Angeles, where they spent about 11 hours and were each only given an apple, a small packet of cookies, a juice box and water. At one point, an officer near the boy lifted his shirt, revealing his gun. The boy urinated on himself and was left in wet clothing until the next morning, Mukherjee said. They were later taken to the processing center, where they have been held ever since. 'The family is suffering in this immigration detention center,' she said. 'The kids are crying every night. They're praying to God for their release from this detention center.' Their lawyers have filed an appeal of the immigration judge's May decision, but they're at risk of being deported within days because the government says they are subjected to expedited removal, Mukherjee said. The arrests of the family were illegal and unjustified, said Kate Gibson Kumar, an attorney for the Texas Civil Rights project who is also representing the family. She said the government had already decided when they first entered the country that the family didn't need to be detained. 'The essential question in our case is, when you have these families who are doing everything right, especially with young children, should there be some protection there?' Gibson Kumar said. 'We say 'yes.'' ___ Associated Press reporter Nadia Lathan in Austin, Texas, contributed to this report.


CBS News
9 minutes ago
- CBS News
Some New Yorkers who pay rent on time can increase their credit scores through a new pilot program
Some New Yorkers now have the opportunity to improve their credit scores just by paying their rent on time. The pilot program through Mayor Eric Adams' "City of Yes for Families" initiative is geared towards tenants who live in affordable housing and will reach about 500 households. Their rent payments will be reported to major credit bureaus through a free platform. This is all part of the city's "Where We Live" fair housing plan to help more New Yorkers become homeowners. The pilot program is expected to run for the next 15 months. Tenants can decide if they want to opt in. Pros and cons of rent reporting pilot "If this is reported to the credit bureaus, the three bureaus are keeping track, in a few months, you should see your credit score rise right away, so this is something that would take immediate effect," said economist Timothy Malefyt, with the Fordham Gabelli School of Business. Malefyt says transparent data practices are critical, however, and tenants should be fully informed about the risks and benefits. "What if a tenant missed payment and there's a late payment? This could adversely affect their credit score," he said. New Yorkers who spoke to CBS News New York saw pros and cons to the idea. "People living in apartments and does not get no reward for paying their rent on time," Harlem resident Ron R. said. "That sounds good for the people," Harlem resident DyQuan Norman said. "It's the political time of year so they gonna talk, talk, talk, but then it's totally different when it happens," Harlem resident Alisa Figueroa said.