Latest cybersecurity reporting from selected sources.

Also, Microsoft Badly Patches LNK Flaw, Australian Sentenced for 'Evil Twin' HackThis week, the React flaw, a belated Windows fix, Defense Secretary Pete Hegseth's Signal group posed operational risk, more North Korean npm packages. An Australian jailed for Wi-Fi "evil twin" crimes. The US FTC will send $15.3 million to Avast users. A London council said attackers stole data.

Telecom May Face Up to $2.22 Million Per Violation in FinesThe Australian privacy watchdog sued Optus, saying the country's second largest telecom failed for years to protect sensitive customer data breached during a September 2022 incident affecting nearly 10 million people. The regulator said Optus faces a potential fine of up to AU$21.9 trillion.

Also: Taiwan AML Rules, IcomTech SentencingThis week, Australia seized crypto from alleged Ghost mastermind, Taiwan drafts new AML rules, IcomTech founder sentenced, U.S. looks to recover stolen crypto, EigenLayer's erroneous fund transfer, FTX's bankruptcy plan approved, Bitfinex hack update and regulatory push for a lawsuit against Nvidia.

Australian Insurer Expects Years of Litigation Related to 2022 HackAustralia's largest provider of private health insurance says it expects to spend a total of AU$126 million, or $84.78 million, over a three-year period to upgrade its IT security. A Russia-based cybercriminal group hacked Medibank in October 2022.

Court Filing: Threat Actor Stole Admin Credentials From IT Service Desk ContractorMedibank's lack of MFA on its global VPN allowed a hacker to use credentials stolen from an IT services desk contractor to access the private health insurer's IT systems in 2022, leading to a dark web data leak affecting 9.7 million individuals, Australian regulators said in court documents.

e-Prescription Provider Brings in Government on Ransomware ResponseAustralian e-prescription firm MediSecure said it is dealing with a large-scale cyberattack that could affect the personal and health information of millions of patients. The company says it is working with the Australian government on a "whole-of-government response" to the ransomware attack.

Also: FCA Rounds Up Noncompliant Firms; GoFundMe Shuts Down Tornado Cash FundraiserThis week, FixedFloat lost $26 million in a hack, the U.K. Financial Conduct Authority found illegal promotions of cryptocurrency, GoFundMe shuttered a Tornado Cash fundraiser, and an Australian cop allegedly stole $4 million worth of bitcoins.

3 Suspects Charged With Using Sugar Ransomware, Phishing Attacks Against RussiansRussian authorities have reportedly arrested three accused members of the SugarLocker ransomware-as-a-service operation. Their alleged crime? Targeting Russians, although one suspect has also been tied to a massive hack of Australian health insurer Medibank and subsequent data leak.

Governments Accuse Aleksandr Ermakov and REvil of Being Medibank HackersThe United States, Australia and the United Kingdom sanctioned a Russian man the governments say was behind the October 2022 hacking of Medibank, Australia's largest private health insurer. The attack was a high point in a wave of data breaches buffeting the country that year.

'Volt Typhoon' Could Be Preparing for Renewed Burst of ActivityA Chinese state hacking group is attacking superseded Cisco routers to target government entities in the United States, the United Kingdom and Australia. Beijing cyberespionage hackers dubbed "Volt Typhoon" are using vulnerabilities that were first disclosed in early 2019.