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How a global coalition disrupted Tycoon 2FA

Microsoft, Europol, and industry partners took coordinated action to disrupt Tycoon 2FA, a major phishing‑as‑a‑service operation designed to bypass multifactor authentication. Active since 2023, the service fueled large‑scale online impersonation, enabling fraud, data theft, and disruptions across sectors, including healthcare and education. Acting under a US court order, the coalition seized hundreds of domains powering Tycoon 2FA’s infrastructure — underscoring the need for global, public‑private cooperation that is essential to counter industrialized cybercrime and protect digital trust. Read the full blog here.

Four interns standing in a hospital lobby
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Investing in skills. Strengthening communities.

Strong communities start with opportunity. Bank of America invested nearly $40 million in workforce development programs in 2025 — helping 86,400 people connect to jobs, and 264,000 build new skills that strengthen local economies. Explore how Bank of America is building the workforce of today and tomorrow.

Person coding on a laptop
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How a global coalition disrupted Tycoon 2FA

Last week, Microsoft, Europol, and industry partners took coordinated action to disrupt Tycoon 2FA, a major phishing‑as‑a‑service operation designed to bypass multifactor authentication. Active since 2023, the service fueled large‑scale online impersonation, enabling fraud, data theft, and disruptions across sectors, including healthcare and education. Acting under a US court order, the coalition seized hundreds of domains that powered Tycoon 2FA’s infrastructure — underscoring the need for global, public‑private cooperation to counter industrialized cybercrime and protect digital trust. Read the full blog here.

AI generated image of the Earth
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Empowering communities to enable the global AI economy

Last week, Microsoft announced it had surpassed its goal of expanding internet access to 250 million people worldwide, reaching more than 299 million, including over 124 million across Africa. The milestone underscores how connectivity is becoming a foundation for economic participation and geopolitical competitiveness in the AI era. Microsoft is evolving its approach to digital access to focus not only on coverage, but on adoption, enablement, and long-term participation in the AI economy, including a new collaboration with Starlink aimed at reaching rural and hard‑to‑reach communities. Read the blog to learn more.

Woman working with a laptop in front of her
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Small businesses at a crossroads

Small business hiring surged 7% above the 2024 average in December, led by a surprise rally in retail. But with uncertainty still historically high and mounting concerns over tariffs, can this momentum survive 2026? Explore the data behind the resilience of the US small business sector. Get the latest economic insights from Bank of America Institute.

Digital poster saying Discover the Trusted Tech Alliance - Verifiable for secure digital infrastructure
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Explore the Trusted Tech Alliance

At the Munich Security Conference, a group of global technology providers, including Microsoft, announced the Trusted Tech Alliance — committed to shared, verifiable principles for trusted, transparent, and resilient technology across borders. At a moment of economic volatility and zero-sum technological competition, countries and customers are demanding greater accountability from technology providers. The Alliance addresses this by bringing together companies from across Africa, Asia, Europe, and North America around shared commitments: transparent governance, secure development practices, supply chain oversight, open digital ecosystem, and respect for the rule of law—ensuring the benefits of emerging technologies strengthen public trust while driving job creation and economic growth. Learn about the Trusted Tech Alliance here.

How cybercrime is becoming a threat to economic growth
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How cybercrime is becoming a threat to economic growth

Cybercrime is no longer just an IT issue – it’s an economic one. New research from the Mastercard Economics Institute shows how digital attacks can disrupt supply chains, shift consumer behavior, and ripple through GDP. After ransomware attacks on Asahi Group and Colonial Pipeline, anonymized spending data revealed stockpiling, shortages, and sustained shifts in purchasing patterns. As threats grow more sophisticated, strengthening cyber resilience and public-private collaboration will be critical to economic stability. Read the full analysis here.

Aerial shot of a nuclear facility
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Nuclear is back on the global agenda

With the US leading production and China driving new reactor development, Bank of America breaks down the who, what, where, when, and why behind nuclear’s return. Stay ahead of global energy trends with Bank of America Institute.

Digital poster saying Discover the Trusted Tech Alliance - Verifiable for secure digital infrastructure
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Global technology leaders launch Trusted Tech Alliance

Last week, at the Munich Security Conference, a group of global technology providers, including Microsoft, announced the Trusted Tech Alliance — committed to shared, verifiable principles for trusted, transparent, and resilient technology across borders. At a moment of economic volatility and zero-sum technological competition, countries and customers are demanding greater accountability from technology providers. The Alliance addresses this by bringing together companies from across Africa, Asia, Europe, and North America around shared commitments: transparent governance, secure development practices, supply chain oversight, open digital ecosystem, and respect for the rule of law — ensuring the benefits of emerging technologies strengthen public trust while driving job creation and economic growth. Explore the Trusted Tech Alliance here.

Football wins, local economy scores
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Football wins, local economy scores

On NFL game days, spending in stadium zip codes jumps by nearly 80%, led by food, drinks, parking, and lodging. Super Bowl host cities often see an additional lift — showing how a single event can deliver real, measurable gains for local businesses. Subscribe to Bank of America Institute to explore the game-day spending data.

A tryptych on employees at Microsoft
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Building community-first AI infrastructure

Microsoft unveiled a new set of commitments guiding its community‑first approach to AI infrastructure development. The strategy focuses on energy affordability, water efficiency, job creation, local investment, and AI‑driven skilling. As demand for digital infrastructure accelerates, the company is pushing a new model for responsible datacenter growth — one built on sustainability, economic mobility, and long‑term partnership with the communities that host it. The move signals how AI infrastructure is reshaping local economies and what people expect from the tech shaping their future. Read the full blog here.