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Hackers are stealing Claude tokens from subscribers

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On August 4, Grant De Swardt, an independent AI consultant in East Sussex, U.K., noticed something strange going on with his Claude Max 20x account. He hadn’t been working that day, yet his token usage was climbing.

The next day, he disabled everything he had attached to Claude and did not work with it. Token consumption again increased. “In the clearest controlled interval, it increased from 45% to 55% while I performed no work, scheduled Cowork tasks were paused or completed, Dispatch/cloud execution was disabled, and there was no corresponding active local Claude Code task,” De Swardt told TechCrunch.

What was eating up his token allowance? He had no idea, so he contacted Anthropic and asked for an itemized list. Anthropic didn’t provide one, but it agreed something was off. It suspended his paid account, invalidated all of his sessions and server-side Claude Code tokens, and issued him a partial refund of £44.49 for the remaining time on his $200-per-month subscription.

The suspension wreaked havok on his business, he told TechCrunch. His job is to help small and mid-size businesses set up agents — a sort of forward-deployed engineer for hire — for tasks like automatically loading purchase-order data from emails into the accounting software.

As a sole proprietor, he relies on agents throughout his whole business, too: daily admin tasks, website design, coding. “Like everything is just running through AI these days,” he said.

After investigating, Anthropic told De Swardt it found the culprit: A compromised Claude session key was used to mint unauthorized Claude Code OAuth tokens. The company told him the account “appeared to have been used by an unauthorized-looking third-party service to handle activity for other people, but they could not determine how it obtained access,” he told TechCrunch. “They say the evidence is consistent either with credentials/session data being taken without my knowledge, or with the account having been connected to an outside service.”

In other words, a hacker was able to obtain access to De Swardt’s account and was covertly siphoning off his tokens. Because account support tracks total usage but not itemized usage, even upon request, this kind of theft could have gone on for months undetected.

He posted his experience on Reddit and after 80 comments, he discovered he was not alone. One person claimed that their account “was auto-upgraded without my consent, my credit card got charged, and the usage shot from 0% to 100% automatically without me even touching it.” Another saw usage go from 0 to 49% in 12 minutes, when all they had used it for was a couple of prompts and a web search.

One Claude user said their account burned through its max tokens every day for three days without them using it at all; this person then created a GitHub report about it. Like with the Reddit post, other users shared similar experiences there, too.

Two of them posted emails from Anthropic where the company had — to its credit — identified and warned them that their tokens were being stolen.

“We have recently become aware of a bad actor that is using common infostealer malware to steal Claude login sessions from people’s computers, then using those login sessions to access Claude accounts and consume their usage,” the email read. Infostealers are a type of malware that installs itself on a user’s computer and steals saved passwords, session data, and login credentials.

When Anthropic saw suspicious activity, it signed the users out, invalidated existing authorizations, issued some refunds, and warned them that they may have malware.

The company also said the malware didn’t come from using Claude itself. Such malware can be picked up from many sources online, from downloading infected software to clicking on infected ads.

Anthropic did not send De Swardt one of those emails. He insists he found no evidence that his computer was compromised and says he still has no way of determining how hackers gained access.

De Swardt’s Claude account was reinstated after about two weeks. But the difficulty of getting speedy help for the matter, plus the lack of an itemized usage, soured him on Claude. He cancelled his subscription in favor of Cursor and its ability to use multiple models, including more affordable open source options.

In his experience, these other models work as well as Claude. “It’s not that much different or better,” he said, adding that he can’t see going back “without [Anthropic] actually having resolved the issue in any way.”

He says Anthropic still lacks tools that allow users to see what’s consuming their tokens. “I don’t think there’s any way that these people can protect themselves.”

When asked for information on how users can identify misuse, Anthropic declined to comment.

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CIIN Cements Institutional Partnership with Insurance Meets Tech for 5th Edition

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BY NKECHI NAECHE-ESEZOBOR —The Chartered Insurance Institute of Nigeria (CIIN) has extended its partnership with Insurance Meets Tech (IMT), lending its professional support to the fifth edition of the annual insurance and technology conference, scheduled to be held on Friday, November 20, 2026, at the Balmoral Event Centre, Sheraton Hotel, Ikeja, Lagos.

This, partnership reflects both institutions’ shared commitment to advancing meaningful conversations on innovation, professional development, and the future of insurance in Nigeria, while strengthening the connection between the insurance profession and the wider technology ecosystem.

This milestone year, the 5th edition, under the theme “Building Insurance That Connects,” will convene insurance professionals, technology leaders, regulators, innovators, entrepreneurs, investors, and other stakeholders to examine how technology, collaboration, and new ideas can help create a more connected, accessible, and responsive insurance industry.

Speaking on the partnership, Mr. Akinjide Orimolade, President/Chairman of Council, CIIN, said, “As the industry continues to evolve, we must ensure that innovation is matched by competence, professionalism and a clear understanding of the customer we ultimately serve. This is why CIIN continues to lend its full support to platforms such as IMT provides an important space for the insurance community to have honest conversations, challenge old assumptions, and collectively consider what a more connected, technology-driven, and future-ready industry should look like. Our partnership with IMT for this edition is a reaffirmation of that commitment, and we are confident this year’s conversations will move the industry closer to the innovative future we all envision”

Also, Odion Aleobua, Founder/Convener of IMT and Chief Executive Officer, Creato Urban, stated, “CIIN’s continued institutional support speaks to the credibility this platform has built over the years. It reflects an industry that recognises IMT as more than an event, but as a genuine driver of change within the insurance and technology space. This partnership strengthens our ability to convene the right stakeholders, drive the right conversations, and deliver solutions for an industry that must keep evolving. As we approach the 5th edition, our commitment remains to position IMT as a trusted platform where the future of insurance in Nigeria is actively shaped.”

Over the past four editions, IMT has established itself as a platform for dialogue between the insurance and technology sectors, bringing together industry leaders and emerging innovators to examine technology’s role in shaping the future of insurance.

This edition will build on that foundation with high-level panel discussions, keynote sessions, technology showcases, and networking opportunities focused on digital transformation, emerging technologies, professional development, customer experience, and the broader evolution of the insurance ecosystem.

About Insurance Meets Tech (IMT)

IMT is West Africa’s leading annual insurance and technology conference, dedicated to promoting collaboration between the insurance industry and the technology ecosystem. Through conferences, thought leadership, networking, and strategic partnerships, IMT serves as a gateway for digital transformation, industry growth, and customer-centric innovation within the insurance sector.Qw

The post CIIN Cements Institutional Partnership with Insurance Meets Tech for 5th Edition appeared first on Business Today NG.

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Apple Pay finally launches in India after years on the sidelines

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Apple began rolling out Apple Pay in India on Tuesday, as TechCrunch was first to report. Its first banking partner is Axis Bank, the country’s third-largest private-sector lender. The move brings the company’s payments service to the world’s most populous country after years of delays in a market dominated by the state-backed United Payments Interface (UPI).

The initial rollout is limited. Apple Pay supports eligible Axis Bank cards on Visa and Mastercard, but not India’s homegrown RuPay network. Acceptance will also be restricted to merchants and payment terminals that have been enabled for the service.

Apple said the service would be accepted by “millions of merchants” across India, including Blinkit, Croma, Ixigo, Reliance brands, Tata 1mg, and Zomato. The company has worked with payment service providers including Cashfree, JusPay, Mswipe, Paytm, PayU, Pine Labs, Razorpay, and Worldline to enable Apple Pay acceptance.

Unlike India’s ubiquitous Unified Payments Interface (UPI) system, which lets consumers make instant bank-to-bank payments without relying on cards, Apple Pay is card-based and requires individual issuers and payment infrastructure providers to integrate with the service. This makes a broad rollout more complex. Apple’s commercial terms have also emerged as a sticking point with some of India’s largest banks, the people said.

Apple is seeking a fee of about 20 basis points (0.2%) on transactions, according to the people, a significant bite out of the roughly 40 to 50 basis points (0.4% to 0.5%) of margin in the payments layer. The fee structure is broadly consistent with Apple Pay’s commercial model in other markets, the people said. HDFC Bank, ICICI Bank, and SBI Card are not supporting Apple Pay at launch as negotiations over commercial terms continue, one of the people told TechCrunch.

Apple, Axis Bank, HDFC Bank, ICICI Bank, and SBI Card did not respond to requests for comment on the launch. Earlier this month, Reuters reported that Apple was preparing to launch Apple Pay in India in October, starting with Axis Bank credit cards.

Apple Pay has entered a payments market that looks markedly different from the U.S. and other card-heavy economies. India’s digital payments boom has been driven largely by UPI, the state-backed system that lets consumers move money directly between bank accounts.

UPI handles the bulk of digital payments in India, where scanning a QR code to pay directly from a bank account has become commonplace. Apple Pay, by contrast, initially addresses a much smaller card payments market.

Nevertheless, Apple Pay could appeal to India’s growing base of iPhone users, who tend to be more affluent and are more likely to use premium credit cards. Those customers could make the service hard for banks to ignore, despite UPI’s dominance.

Even if Apple Pay remains a niche service, the economics could still make India meaningful for Apple. The transaction fee the iPhone maker would charge would give it another way to monetize its growing base of iPhone users in the country, the people said.

At launch, eligible Axis Bank customers can add their credit cards to Apple’s Wallet app and use Apple Pay for online purchases as well as contactless payments at supported terminals, the people said.

An Apple Pay transaction could work at a terminal operated by an independent payments provider that has enabled the service but fail at another terminal whose acquiring bank has not, one of the people said. That could make acceptance uneven during the initial rollout, even for customers with supported cards.

The launch adds another piece to Apple’s growing business in India, where it has been expanding iPhone sales, local manufacturing, and its retail footprint. Apple accounted for 28% of India’s smartphone market by value in 2025, up from 23% a year earlier, per an earlier report by Counterpoint Research.

India already accounts for about a quarter of global iPhone production, and that share could rise to 30% to 35% over the next five years, Indian English daily Business Standard reported last month, citing an Indian government official.

Update: This story, originally published Tuesday morning, has been updated to reflect that the launch is now underway.

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