AI API key theft drives 'Black October' cyber wave

A wave of cyberattacks dubbed 'Black October' is exploiting stolen API keys to rack up charges on AI services like OpenAI and Anthropic, as reported by a startup founder. The incident highlights a growing trend of AI-specific fraud, though the scale and attribution remain unclear. This matters as it signals a new vector for financial and operational disruption targeting businesses relying on AI tools.

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