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Neuroendoscopy Market Set for Exceptional Growth in the Forecast 2024-2032Artificial intelligence. Abortion. Guns. Marijuana. Minimum wages. Name a hot topic, and chances are good there’s a new law about it taking effect in 2025 in one state or another. Many of the laws launching in January are a result of legislation passed this year. Others stem from ballot measures approved by voters. Some face legal challenges. Here’s a look at some of the most notable laws taking effect in various states: California, home to Hollywood and some of the largest technology companies, is seeking to rein in the artificial intelligence industry and put some parameters around social media stars. New laws seek to prevent the use of digital replicas of Hollywood actors and performers without permission and to allow the estates of dead performers to sue over unauthorized AI use. Parents who profit from social media posts featuring their children will be required to set aside some earnings for their young influencers. A new law also allows children to sue their parents for failing to do so. New social media restrictions in several states face court challenges. A Florida law bans children under 14 from having social media accounts and requires parental consent for 14- and 15-year-olds. But enforcement has been delayed due to a lawsuit filed by two associations for online companies, with a hearing scheduled for late February. A new Tennessee law also requires parental consent for minors to open accounts on social media. NetChoice, an industry group for online businesses, is challenging the law. Another new state law requires porn websites to verify that visitors are at least 18 years old. But the Free Speech Coalition, a trade association for the adult entertainment industry, has filed a challenge. Several new California measures aimed at combating political deep fakes are also being challenged, including one requiring large social media platforms to remove deceptive content related to elections and another allowing any individual to sue for damages over the use of AI to create fabricated images or videos in political ads. In a first nationally, California will start enforcing a law prohibiting school districts from adopting policies that require staff to notify parents whose children change their gender identification at school. The law was a priority for Democratic lawmakers who wanted to halt such policies, which were passed by several districts. Many states have passed laws limiting or protecting abortion rights since the U.S. Supreme Court overturned a nationwide right to the procedure in 2022. One of the latest comes in the Democratic-led state of Delaware. A law there will require the state employee health plan and Medicaid plans for lower-income residents to cover abortions with no deductible, co-payment or other cost-sharing requirement. A new Minnesota law prohibits guns with “binary triggers” that allow for more-rapid firing by causing a weapon to fire one round when the trigger is pulled and another when it is released. In Delaware, a law adds colleges and universities to a list of school zones where guns are prohibited, with exceptions for those working in their official capacity such as law officers and commissioned security guards. Kentucky is becoming the latest state to let people use marijuana for medical purposes. To apply for a state medical cannabis card, people must get written certification from a medical provider of a qualifying condition, such as cancer, multiple sclerosis, chronic pain, epilepsy, chronic nausea or post-traumatic stress disorder. Nearly four-fifths of U.S. states have now legalized medical marijuana. Minimum wage workers in more than 20 states are due to receive raises in January. The highest minimum wages will be in Washington, California and Connecticut, all of which will top $16 an hour after modest increases. The largest increases are scheduled in Delaware, where the minimum wage will rise by $1.75 to $15 an hour, and in Nebraska, where a ballot measure approved by voters in 2022 will add $1.50 to the current minimum of $12 an hour. Twenty other states still follow the federal minimum wage of $7.25 an hour. In Oregon, using drugs on public transit will be considered a misdemeanor crime of interfering with public transportation. While the measure worked its way through the Legislature, multiple transportation officials said drug use on buses and trains, and at transit stops and stations, was making passengers and drivers feel less safe. In Missouri, law enforcement officers have spent the last 16 months issuing warnings to motorists that handheld cellphone use is illegal. Starting with the new year, penalties will kick in: a $150 fine for the first violation, progressing to $500 for third and subsequent offenses and up to 15 years in prison if a driver using a cellphone causes an injury or death. But police must notice a primary violation, such as speeding or weaving across lanes, to cite motorists for violating the cellphone law. Montana is the only state that hasn’t banned texting while driving, according to the National Conference of State Legislatures. Tenants in Arizona will no longer have to pay tax on their monthly rent, thanks to the repeal of a law that had allowed cities and towns to impose such taxes. While a victory for renters, the new law is a financial loss for governments. An analysis by Arizona’s nonpartisan Joint Legislative Budget Committee estimated that $230 million would be lost in municipal tax revenue during the first full fiscal year of implementation. Meanwhile Alabama will offer tax credits to businesses that help employees with child care costs. Kansas is eliminating its 2% sales tax on groceries. It also is cutting individual income taxes by dropping the top tax rate, increasing a credit for child-care expenses and exempting all Social Security income from taxes, among other things. Taxpayers are expected to save about $320 million a year going forward. An Oklahoma law expands voting privileges to people who have been convicted of felonies but had their sentences discharged or commuted, including commutations for crimes that have been reclassified from felonies to misdemeanors. Former state Sen. George Young, an Oklahoma City Democrat, carried the bill in the Senate. “I think it’s very important [for] people who have gone through trials and tribulations in their life, that we have a system that brings them back and allows them to participate as contributing citizens,” Young said. Lieb writes for the Associated Press. AP writers Trân Nguyễn in Sacramento; Kate Payne in Tallahassee, Fl a. ; Jonathan Mattise in Nashville; Randall Chase in Dover, Del . ; Steve Karnowski in Minneapolis; Bruce Schreiner in Frankfort, K y. ; Claire Rush in Portland, Ore . ; Summer Ballentine in Jefferson City, M o. ; Gabriel Sandoval in Phoenix; Kim Chandler in Montgomery, Ala . ; John Hanna in Topeka, Kan . ; and Sean Murphy in Oklahoma City contributed to this report .
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Franklin Resources Inc. acquired a new position in shares of MidWestOne Financial Group, Inc. ( NASDAQ:MOFG – Free Report ) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 39,042 shares of the financial services provider’s stock, valued at approximately $1,116,000. Franklin Resources Inc. owned about 0.19% of MidWestOne Financial Group at the end of the most recent reporting period. A number of other hedge funds have also recently added to or reduced their stakes in MOFG. Jennison Associates LLC acquired a new stake in shares of MidWestOne Financial Group during the third quarter worth $22,186,000. Wellington Management Group LLP grew its position in shares of MidWestOne Financial Group by 318.0% during the 3rd quarter. Wellington Management Group LLP now owns 800,334 shares of the financial services provider’s stock valued at $22,834,000 after buying an additional 608,883 shares during the last quarter. Basswood Capital Management L.L.C. acquired a new stake in MidWestOne Financial Group during the third quarter worth about $7,094,000. Jacobs Asset Management LLC bought a new position in MidWestOne Financial Group in the third quarter worth about $5,739,000. Finally, Stieven Capital Advisors L.P. acquired a new position in MidWestOne Financial Group in the third quarter valued at approximately $5,706,000. Institutional investors and hedge funds own 65.42% of the company’s stock. MidWestOne Financial Group Stock Performance MOFG opened at $29.29 on Friday. MidWestOne Financial Group, Inc. has a twelve month low of $19.43 and a twelve month high of $34.56. The stock has a market cap of $608.50 million, a PE ratio of -6.27 and a beta of 1.03. The business’s 50 day moving average is $31.38 and its 200-day moving average is $28.13. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.20. MidWestOne Financial Group Announces Dividend Analysts Set New Price Targets A number of analysts have recently weighed in on MOFG shares. StockNews.com cut MidWestOne Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Piper Sandler dropped their target price on MidWestOne Financial Group from $33.00 to $31.50 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods upgraded MidWestOne Financial Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $34.00 to $39.00 in a research note on Tuesday, December 17th. View Our Latest Stock Analysis on MOFG Insider Transactions at MidWestOne Financial Group In other news, Director Matthew J. Hayek bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were purchased at an average price of $25.00 per share, with a total value of $50,000.00. Following the completion of the acquisition, the director now directly owns 11,293 shares in the company, valued at approximately $282,325. This trade represents a 21.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CEO Charles N. Reeves purchased 7,000 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were purchased at an average cost of $25.00 per share, with a total value of $175,000.00. Following the completion of the purchase, the chief executive officer now owns 45,712 shares in the company, valued at $1,142,800. This represents a 18.08 % increase in their position. The disclosure for this purchase can be found here . Over the last quarter, insiders acquired 9,400 shares of company stock valued at $235,000. 2.80% of the stock is currently owned by corporate insiders. MidWestOne Financial Group Profile ( Free Report ) MidWestOne Financial Group, Inc operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. It offers range of deposit products, including noninterest bearing and interest bearing demand deposits, savings, money market, and time deposits accounts. Featured Articles Five stocks we like better than MidWestOne Financial Group 3 Grocery Stocks That Are Proving They Are Still Essential Buffett Takes the Bait; Berkshire Buys More Oxy in December Trading Halts Explained Top 3 ETFs to Hedge Against Inflation in 2025 How to trade using analyst ratings These 3 Chip Stock Kings Are Still Buys for 2025 Receive News & Ratings for MidWestOne Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidWestOne Financial Group and related companies with MarketBeat.com's FREE daily email newsletter .ISTANBUL/DAMASCUS, Dec 9 (Reuters) - After 13 years of civil war, Syria's opposition militias sensed an opportunity to loosen President Bashar al-Assad's grip on power when, about six months ago, they communicated to Turkey plans for a major offensive and felt they had received its tacit approval, two sources with knowledge of the planning said. Launched barely two weeks ago, the operation's speedy success in achieving its initial goal - seizing Syria's second city, Aleppo - took almost everybody by surprise. From there, in a little more than a week, the rebel alliance reached Damascus and on Sunday put an end to five decades of Assad family rule. The lightning advance relied on an almost perfect alignment of stars for the forces opposed to Assad : his army was demoralised and exhausted; his main allies, Iran and Lebanon's Hezbollah, were severely weakened by conflict with Israel; and his other key military supporter, Russia, was distracted and losing interest. There was no way the rebels could go ahead without first notifying Turkey, which has been a main backer of the Syrian opposition from the war's earliest days, said the sources, a diplomat in the region and a member of the Syrian opposition. Turkey has troops on the ground in northwest Syria, and provides support to some of the rebels who were intending to take part, including the Syrian National Army (SNA) - though it considers the main faction in the alliance, Hayat Tahrir al-Sham (HTS), to be a terror group. The rebels' bold plan was the brainchild of HTS and its leader Ahmed al-Sharaa, better known as Abu Mohammed al-Golani , the diplomat said. Because of his former ties to al Qaeda, Golani is designated as a terrorist by Washington, Europe and Turkey. However, over the past decade, HTS, previously known as the Nusra Front, has tried to moderate its image , while running a quasi-state centered on Idlib, where, experts say, it levied taxes on commercial activities and the population. Turkish President Tayyip Erdogan's government, which struck a deal with Russia in 2020 to de-escalate fighting in northwestern Syria, has long opposed such a major rebel offensive, fearing it would lead to a new wave of refugees crossing its border. However, the rebels sensed a stiffening of Ankara's stance towards Assad earlier this year, the sources said, after he rebuffed repeated overtures from Erdogan aimed at advancing a political solution to the military stalemate, which has left Syria divided between the regime and a patchwork of rebel groups with an array of foreign backers. The Syrian opposition source said the rebels had shown Turkey details of the planning, after Ankara's attempts to engage Assad had failed. The message was: "That other path hasn't worked for years - so try ours. You don't have to do anything, just don't intervene." Reuters was unable to determine the exact nature of the communications.Hadi Al-Bahra, head of the internationally-recognized Syrian opposition abroad, told Reuters last week that HTS and SNA had had "limited" planning together ahead of the operation and agreed to "achieve cooperation and not clash with each other". He added that Turkey's military saw what the armed groups were doing and discussing. Turkish Foreign Minister Hakan Fidan, speaking in Doha on Sunday, said Erdogan’s effort in recent months to reach out to Assad failed and Turkey "knew something was coming". However, Turkey's deputy minister for foreign affairs, Nuh Yilmaz, told a conference on Middle Eastern affairs in Bahrain on Sunday that Ankara was not behind the offensive, and did not provide its consent, saying it was concerned about instability. Turkey's foreign and defence ministries did not respond directly to Reuters questions about an HTS-Ankara understanding about the Aleppo operation. In reply to questions about Turkey's awareness of battlefield preparations, a Turkish official told Reuters that the HTS "does not receive orders or direction from us (and) does not coordinate its operations with us either." The official said that "in that sense" it would not be correct to say that the operation in Aleppo was carried out with Turkey's approval or green light. Turkish intelligence agency MIT did not immediately respond to a request for comment. Reuters was unable to reach a representative for HTS. The rebels struck when Assad was at his most vulnerable. Distracted by wars elsewhere, his military allies Russia, Iran, and Lebanon's Hezbollah failed to mobilise the kind of decisive firepower that had propped him up for years. Syria's weak armed forces were unable to resist. A regime source told Reuters that tanks and planes were left with no fuel because of corruption and looting - an illustration of just how hollowed out the Syrian state had become. Over the past two years morale had severely eroded in the army, said the source, who requested anonymity because of fear of retribution. Aron Lund, a fellow at Century International, a Middle-East focused think-tank, said the HTS-led coalition was stronger and more coherent than any previous rebel force during the war, "and a lot of that is Abu Mohammed al-Golani’s doing". But, he said, the regime's weakness was the deciding factor. "After they lost Aleppo like that, regime forces never recovered and the more the rebels advanced, the weaker Assad’s army got," he said. The pace of the rebel advances, with Hama being captured on Dec. 5 and Homs falling on or around Sunday at the same time government forces lost Damascus, exceeded expectations. "There was a window of opportunity but no one expected the regime to crumble this fast. Everyone expected some fight," said Bassam Al-Kuwatli, president of the Syrian Liberal Party, a small opposition group, who is based outside Syria. A U.S. official said on condition of anonymity that while Washington had been aware of Turkey’s overall support for the rebels, it was not informed of any tacit Turkish approval for the Aleppo offensive. The White House National Security Council did not immediately respond to a request for comment on Turkey's role. U.S. President-elect Donald Trump on Sunday said that Russia's abandonment of Assad led to his downfall, adding that Moscow never should have protected him in the first place and then lost interest because of a war in Ukraine that never should have started. Israeli President Benjamin Netanyahu on Sunday noted his country's role in weakening Hezbollah, which sources told Reuters withdrew its remaining troops from Syria on Saturday. Sources familiar with Hezbollah deployments said the Iran-backed group, which propped up Assad early in the war, had already withdrawn many of its elite fighters from Syria over the last year to support the group as it waged hostilities with Israel - a conflict that spilled over from the Gaza war. Israel dealt Hezbollah heavy blows, particularly after launching an offensive in September, killing the group's leader Hassan Nasrallah and many of its commanders and fighters. The rebel offensive in Syria began the same day as a ceasefire came into effect in the Lebanon conflict on Nov. 27. The sources familiar with Hezbollah said it did not want to engage in big battles in Syria as the group focused on starting a long road to recovery from the heavy blows. For the rebel alliance, the withdrawal of Hezbollah presented a valuable opportunity. "We just wanted a fair fight between us and the regime," the Syrian opposition source said. Assad's fall marks a major blow to Iranian influence in the Middle East, coming so swiftly after the killing of Nasrallah and the damage done by Israel to Hezbollah. Turkey, on the other hand, now appears to be Syria's most powerful external player, with troops on the ground and access to the rebel leaders. In addition to securing the return of Syrian refugees, Turkey's objectives include curbing the power of Syrian Kurdish groups that control wide areas of northeast Syria and are backed by the United States. Ankara deems them to be terrorists. As part of the initial offensive, the Turkey-backed SNA seized swathes of territory, including the city of Tel Refaat, from U.S.-backed Kurdish forces. On Sunday, a Turkish security source said the rebels entered the northern city of Manbij after pushing the Kurds back again. "Turkey is the biggest outside winner here. Erdogan turned out to be on the right - or at least winning - side of history here because his proxies in Syria won the day," said Birol Baskan, Turkey-based political scientist and former non-resident scholar at Middle East Institute. Sign up here. Additional reporting by Laila Bassam in Beirut, Tuvan Gumrukcu and Matt Spetalnick in Washington in Ankara; Writing by Tom Perry; editing by Frank Jack Daniel Our Standards: The Thomson Reuters Trust Principles. , opens new tab Thomson Reuters Turkey Bureau Chief overseeing political, economic and foreign policy coverage. Work spans the country's diplomatic balancing act, landmark elections, historic earthquakes and the mainstream media, as well as reporting on Syria, Lebanon and Ukraine. Previously covered the U.S. economy, Federal Reserve and Wall Street including award-winning work on financial-market trading and a global cyber heist.
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Micron Q1 Preview: AI Has Hit A Wall, This Is Good For MicronSANTA CLARA, Calif. (AP) — The San Francisco 49ers were hit by another family tragedy with the announcement that star left tackle Trent Williams' wife gave birth to a stillborn son late last week. Sondra Williams announced on Instagram on Sunday that she gave birth to Trenton O’Brien Williams Jr. on Nov. 24. Williams also wrote that she was initially pregnant with twins and lost the other child earlier in the pregnancy. “I can’t even begin to describe how I felt leaving the hospital without you,” she wrote. “Nor how it feels being home celebrating Thanksgiving without my baby in my arms. My heart is broken and my arms are empty. But I know you’ll always be near watching over me and your sisters. And for that, my heart smiles with gratitude. Thank God for allowing us to bond for 35 weeks and for me to birth you so I could hold you in my arms. I’m at peace knowing you will never have to suffer.” Williams wrote that her son was diagnosed with Trisomy 13, a genetic condition also known as Patau syndrome that affects how the face, brain and heart develop, along with several other internal organs. Trent Williams spent time last week at the hospital and grieving with his family, including the couple's three young daughters. “He was there at the hospital with her and got to meet him and say bye,” coach Kyle Shanahan said Monday. "Then he had to cremate him on Friday. So he’s been dealing with that and he’s working through it. But we’re all just trying to be here for him through it all.” This is the second tragedy to hit the Niners in recent weeks. Cornerback Charvarius Ward's 1-year-old daughter , Amani Joy, died on Oct. 28. She had born prematurely with Down syndrome and had open-heart surgery in April 2023. Ward spent a few weeks away from the team and returned to the field for the first time on Sunday. Williams has missed the last two games with an ankle injury but Shanahan said he is hoping to be able to the return as soon as he's healthy. “It’s hard as a coach. It’s hard as a friend. It’s hard as a family member. It’s hard for everybody," Shanahan said. ”But we spend a lot of time with each other. That’s what’s cool about a football team. Whatever you go through, the good or the bad, we go through it together. I do like that they have a group of guys they can go to, a group of guys that can see them every day. You can never escape that full grief and stuff. But I do think it’s nice for those guys to have another avenue to get out on the football field, to get around teammates and things like that." AP NFL: https://apnews.com/hub/nfl
Record numbers of basketball fans filled arenas to watch the rookie seasons of Caitlin Clark and Angel Reese unfold. Simone Biles captivated the world at the 2024 Paris Olympics. Coco Gauff made women’s tennis history. It was all part of a pivotal year for women in sports, financially and culturally, and after a steady rise in popularity and reach in recent years, the women’s game is more valuable than ever. “(Clark) just moved the needle of the global movement of women in sports,” said softball great and Olympic gold medalist Jennie Finch, “and what a thrill it’s been to be able to see her rise.” The consulting firm Deloitte estimated in November 2023 that women’s sports would generate more than $1 billion in global revenue this year for the first time ever, which the company said is up about 300% from its last estimate in 2021. Skyrocketing viewership and corporate sponsorships were major factors. The WNBA in July signed a historic 11-year media rights deal with Disney, Amazon Prime and NBC valued at about $200 million — a jump from about $60 million currently. Players hope higher salaries and a greater share of revenue could be on the horizon as parity, star power and competition in the WNBA continue to grow. The WNBA had its most-watched regular season in 24 years and best attendance in 22 seasons, and commissioner Cathy Engelbert said in a recent state-of-the-league address that players are getting a lot more marketing deals, turning them into household names. That includes Las Vegas star A’ja Wilson, who had one of the most dominant seasons in WNBA history, and Clark, who set numerous rookie records. The decisive Game 5 of the WNBA finals between the New York Liberty and the Minnesota Lynx drew an average of 2.2 million viewers, peaking at 3.3 million, which made it the most-watched WNBA game in 25 years. “We’ve been growing in popularity, endorsements, media rights, all of those things,” said Amira Rose Davis, a sports historian and assistant professor at the University of Texas at Austin. “This period is one of rapid acceleration,” Davis continued, “where all that growth seems to switch into overdrive, where the deals are getting bigger, where the visibility is stretching out.” Clark, the sharp-shooting Indiana guard became a phenomenon when she played at Iowa, capitalized on a foundation laid by hoops stars such as Diana Taurasi, Candace Parker and Wilson, and turbocharged the visibility of women’s basketball. Ticket sales to Indiana Fever games were up 182% in 2024 from the previous season. The Fever also shattered the attendance record of 13,398 set by the Liberty in 1998 with around 16,084 tickets sold per game. And games featuring Clark and her on-court rival Reese of the Chicago Sky prompted social media debates about basketball, race and culture. “Something that I always tried to do with me was rise and elevate the game,” said Finch, now an adviser for the Athletes Unlimited Softball League. “And that’s what (Clark)’s doing and her teammates. And just to be able to watch her do it and how humbly she does it, and the impact of not only domestic women’s basketball, but women’s athletics globally. It’s a dream.” While many point to the WNBA as a blueprint for success in women’s sports, accomplishments in 2024 went far beyond one league or athlete. Gauff, the 20-year-old tennis superstar, was the world’s highest-paid female athlete this year with $30.4 million in earnings, according to Sportico rankings. Gauff could not defend her 2023 U.S. Open title, but ended her 2024 season with a WTA finals title and a $4.8 million check — the biggest payout ever for a women’s tennis event, per Sportico. The Olympics neared complete gender parity for the first time among the more than 11,000 men and women who competed in Paris this summer. More than 34 million people across all NBC platforms in the U.S. watched Biles exorcise the demons of her surprising exit from the Tokyo games three years earlier. The 27-year-old shared a message of resilience and redemption as she added four gold medals to her resume. Nearly everything she did in Paris made headlines — a clap back at social media trolls, a revelation about her mental health, a moment of triumph. Her TikTok showing Team USA’s gold medals from team competition has more than 139 million views. “She became a symbol,” Davis said. “Whether you wanted to symbolize her as persevering, or talking about mental health or refusal, the politics of refusal. Or (whether) you wanted to symbolize her as being a quitter — being everything that you’re bemoaning about the country. Either way, both projections elevated her even more.” And as Gauff and Biles soared, other women’s leagues leveraged that visibility. The Pro Women’s Hockey League brought in 392,259 fans during its inaugural regular season, highlighted by a women’s hockey record crowd of 21,105 at the home arena of the NHL’s Canadiens for a Montreal-Toronto matchup. The league also reached sponsorship deals with Scotiabank, Air Canada and Hyundai. The PWHL’s strong first season showed its organizers and players that there’s an appetite for women’s sports, so much so that there are hopes to expand from six to eight teams in 2025. “For many of us that have been in the game for so long, it’s emotional to think about where the game’s come from, where we’ve come to,” said Jayna Hefford, the league’s senior vice president of hockey operations. “We spend a lot of time reading research and all these things that suggest the time is now and that the fandom is there. And to be able to live that and feel it in real time was pretty special.” Keith Stein and Justine Siegal want to capitalize on the women’s sports landscape too. Siegal, a former baseball player and coach, partnered with Stein, a lawyer and businessman, to create the Women’s Pro Baseball League, which last month announced plans to launch in 2026 as a six-team circuit for female players. It will be the first pro league for women since the All-American Girls Professional Baseball League dissolved in 1954. “Leagues like the WNBA and (National) Women’s Soccer League have done a lot of the heavy lifting,” Stein said, “and they’re part responsible for the moment we’re having right now where women’s sport is a phenomenon. “I think there’s, in some ways, a lot more momentum behind the development of professional women’s sports leagues than for men’s.” Get local news delivered to your inbox!MONTREAL — Canadians face a fresh wave of scams as fraudsters seize on the Canada Post strike to try to trick victims out of their cash. The last few weeks have seen an "exponential" rise in fraud attempts, ranging from phishing emails to deepfake phone calls, says Octavia Howell, chief information security officer at Equifax Canada. "Any time there is a major political event, a major strike or anything like that, we'll see an uptick," she said in a phone interview. "Not only is there a Canada Post strike ... it's the holidays." Scams related to parcels and deliveries typically tick up in step with online shopping orders this time of year, but the work stoppage at Canada Post has led to even more fraud attempts amid the confusion around shipments, Howell said. Comprehensive figures on the latest batch of scams are not yet available from Equifax Canada, but the credit bureau's daily internal updates have marked the rise nonetheless. Rather than the roughly half-dozen daily consumer fraud reports of previous increases, Equifax Canada's investigations team is filing up to "87 in one report in one day coming from the same IP addresses," said Howell. She called the trend "insidious." "We're seeing exponential growth in the amount of scams that are actually happening ... because, one, holidays, and then two, people aren't able to get their shipments out." Mail carriers walked off the job on Nov. 15, halting deliveries of letters and packages at the start of the holiday shipping season. Canada Post says that it never reaches out to users about a delivery via text or email unless it has been requested to. The Crown corporation has asked Canadians to be on guard for telltale signs of a phishing scam or fraud attempt, including poor grammar, imagery inconsistent with Canada Post logos or a tracking number at odds with its standard format. A phishing scam refers to a message that appears to be from a well-known source and asks for personal information in order to invade a person's accounts. The Better Business Bureau similarly cautioned consumers when the strike kicked off. "Watch out for fake package delivery offers during Canada’s postal strike," the non-profit said in a release last month. It advised potential victims to verify delivery services, avoid unsolicited shipment offers from little-known companies and check for accreditation by the bureau before selecting a service. It also noted that scammers may send false messages that claim to be from Canada Post or another carrier, asking for payment for undelivered items or offering "priority service." "Do not click on links in unsolicited emails or texts. Instead, visit the official website of the courier service for updates," the bureau said. Canada Post recommends customers contact the Canadian Anti-Fraud Centre if they receive a suspicious email, text or call related to the postal service. Timothy Byrnes said scams invoke not just nationally recognized brands but also companies like his own, the Montreal-based courier service Jet Worldwide. "The scam thing is huge," he said. "They'll say, 'Hey, we have (the package), it's with Jet Worldwide right now. Once you send the money, we'll instruct Jet Worldwide to ship it.'" One text message blasted out over the weekend claiming to be from the U.S. Postal Service stated that a parcel was "temporarily detained" because of an "invalid zip code." The message invites receivers to clear the package by clicking on a link. The site, which vaguely resembles that of the postal service, then asks visitors to enter their credit card number and "expire date" in order to pay "some service fees." Multiple web browsers flagged the site, warning of phishing threats that attempt to steal personal and financial information. "Always verify where it's coming from," Howell said. "Did you order something that cost $10,000? Just because it says that you did does not necessarily mean that you did." Common sense and awareness of recent purchases can go a long way. "I got a text message two days ago saying that my RBC account was locked out. Well, I don't have an RBC account, so there's no reason for me to click on that," she said. Ironically, consumers' knowledge of current events, such as strikes and stranded packages, can also be used against them by swindlers. "They feed off of heightened awareness," she said. "Take a step back. Don’t click, don’t do anything. Verify sources." This report by The Canadian Press was first published Dec. 2, 2024. Christopher Reynolds, The Canadian Press