Every week, ISMG rounds up cybersecurity incidents in the world of digital assets. This week: Sam Bankman-Fried is set to face two criminal trials instead of one, Binance is sinking deeper into regulatory quicksand, and the Mango Markets hacker is expected to be tried on Dec. 4.
The first step in managing risk is recognizing it as a boardroom matter, and it demands that directors be prepared to understand and discuss the cyber issue and strategically guide C-level executives on this complex topic. It requires cyber competence in the boardroom, said CISO Marco Túlio Moraes.
Senate Majority Leader Chuck Schumer unveiled a framework for artificial intelligence development focused on security, accountability, explainability and minimizing foreign interference. He urged lawmakers to enact guardrails to prevent AI misuse by autocratic governments and rogue domestic actors.
Suspected Chinese APT groups exploited a 17-year-old Microsoft Office vulnerability in May to launch malware attacks against foreign government officials who attended a G7 summit in Hiroshima, Japan. Threat actors targeted officials from France, the United Kingdom, India, Singapore and Australia.
The U.S. Department of Justice unveiled a new team - the National Security Cyber Section - to disrupt nation-state threat actors and prosecute them at the "earliest stages." NatSec Cyber will work closely with the DOJ's Computer Crime and Intellectual Property Section.
Ukrainian cyber police have disrupted a fake investment scam that involved stealing cryptocurrency from the online wallets of several victims in Canada. The scammers operated out of two call centers in the Khmelnytskyi region of Ukraine, mainly targeting Ukrainian citizens living in Canada.
A service selling DDoS disruptions via a Mirai-based botnet called Condi is the latest to target consumer-grade Wi-Fi routers made by TP-Link with firmware not yet patched to fix a known flaw. Unusually, a recently spotted sample of Condi has been stripped down to target only that flaw.
Cybersecurity defenders in Ukraine revealed multiple Russian spear-phishing campaigns including an effort by Kremlin military intelligence to penetrate open-source email servers used by government agencies. Russia is intensifying phishing campaigns against Ukraine.
Compromised chatbot credentials are being bought and sold by criminals who frequent underground marketplaces for stolen data, warns cybersecurity firm Group-IB, as the use of ChatGPT and rival AI chatbot offerings and services newly baked into existing products continues to surge across the globe.
A British cyber law that criminalizes hacking is outdated, hindering law enforcement action against cyber crooks, U.K. lawmakers heard during a parliamentary hearing on cybercrime. Graeme Biggar, the director general of the U.K's National Crime Agency, said it should be an offense to steal data.
Pro-Russian and self-declared "hacktivist" group Anonymous Sudan appears to use expensive online infrastructure to perpetuate distributed denial-of-service attacks, undermining its claim to be a volunteer group operating from an impoverished East African country.
Federal authorities are warning healthcare and public health sector entities of an apparent resurgence of TimisoaraHackerTeam after an attack in recent weeks by the obscure ransomware group on a U.S. cancer center. HHS says the group was discovered by security researchers in 2018.
Malware developers are adopting an easy-to-use obfuscation tool that slips malware past antivirus, warn security researchers. BatCloak requires minimal programming skills to use. Among its recent successes is a recent remote access Trojan dubbed SeroXen.
The BlackCat ransomware group has claimed credit for a February phishing attack against Reddit. With no ransom being paid, the extortionists are now seeking to insert themselves into the standoff between Reddit's leadership and volunteer workforce over the introduction of paid access to APIs.
Ransomware actors are using the thing that verifies crypto transactions - mining - to their advantage. More criminals are laundering their ill-gotten gains by re-minting the digital money through mining to sanitize funds and bypass controls imposed by more highly regulated financial institutions.
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