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Officials accused three Russian nationals, Media Land and ML.Cloud of supporting cyberattacks spanning 21 U.S. states and other countries, resulting in losses surpassing $62 million. The post Russian trio indicted for allegedly running bulletproof hosting providers that spurred cybercrime appeared first on CyberScoop.

Also: Oracle Suit Points to AI Revenue Forecasting Risk; the AI Sovereignty PushIn this week's panel, four editors discussed the growing role of artificial intelligence in U.S. federal government cybersecurity, Oracle's investor lawsuit over its projected cloud sales to frontier AI lab OpenAI and what AI sovereignty means for enterprises.

The U.S. Department of Justice (DoJ) on Tuesday announced the seizure of a cloud computing account put to use by subsidiaries of Cambodia-based corporate conglomerate HuiOne Group, as the Treasury unveiled fresh sanctions against nine individuals and 26 entities linked to Prince Group

Bank Info Security 1 month, 2 weeks ago

EU Prepares Path for Shutting Out US Cloud Providers

Commission Proposes That Sensitive Public Data Should Be Kept LocalThe European Union's executive arm singled a strong dislike for U.S. cloud service provider participation in public-sector procurements in a long-delayed legislative package meant to bolster continental self-sufficiency. The proposal called for sensitive public data to be stored locally.

Bank Info Security 3 months, 2 weeks ago

HHS Shuffles Internal Cyber, AI Oversight Back to CIO Office

Moves Reverse Biden-Era Changes; National Coordinator Returns to Health IT PolicyThe U.S. Department of Health and Services is reversing Biden-era changes, returning the Office of the National Coordinator for Health IT's focused role on external health IT policy and standards, while shifting department-wide cybersecurity, cloud, AI and data operations back to the Office of CIO.

Bank Info Security 3 months, 2 weeks ago

Cloud-Based EHR Vendor Notifies SEC About Hacking Incident

CareCloud: Intruder Accessed Systems for 8 Hours, Still Assessing Extent of BreachElectronic health records vendor CareCloud has notified the U.S. Securities and Exchange Commission of a cyber incident earlier this month that temporarily disrupted the software and accessed one of its EHR environments. The company is assessing whether patient data was accessed or stolen.

Bank Info Security 4 months, 2 weeks ago

Iranian Cyber Proxies Active But Not Nation-State Hackers

Nation-State Hackers Sheltering From Bombs or Cut Off From InternetIranian cyber proxies are girding for revenge while nation-state hackers in Tehran have gone quiet, whether to shelter from an onslaught of missile attacks or because the Middle Eastern country remains disconnected from the global internet on the third day of a U.S. and Israeli bombing campaign.

Acquisition of MSP MacSolution Boosts Global Services and Cloud Migration ExpertiseJumpCloud has acquired MacSolution, a longtime partner and its largest MSP in the Americas, to enhance global service delivery and deepen its IT modernization capabilities. The move positions Sao Paulo, Brazil, as a strategic hub and strengthens support for partners and customers in Latin America.

Crim used infostealer to get cloud credentials If you don't say "yes way" to MFA, the consequences can be disastrous. Sensitive data belonging to about 50 global enterprises is listed for sale – and, in some cases, has already been sold – on the dark web following a major infostealer campaign, with apparent victims including American utility engineering firm Pickett and Associates; Japan's homebuilding giant Sekisui House; and Spain's largest airline Iberia.…

Countries that banded together to challenge Boeing in the air try to do the same to AWS, Microsoft, and Google on the ground Feature More than half a century ago, a consortium of European aerospace businesses from the UK, France, Germany and Spain joined forces to take on America's Boeing. Fast forward to the 21st century and the countries are applying the same model needs to the world of cloud computing, giving the continent a fighting chance to reduce the digital domination of Big Tech.…

Europe Tries, Tries Again Amid Transatlantic UncertaintyEuropean cloud users love hyperscalers - but they’re all American. Microsoft, Google and Amazon Web Services together hold 70% of the European market, with local providers mustering a mere 15% collectively. That landscape could soon change in the face of geopolitical reality.

Bank Info Security 8 months, 3 weeks ago

AWS Outage Exposes Cloud Dependency, Concentration Risks

Forrester's Brent Ellis and Dario Maisto on Lessons Learned for Large EnterprisesThe cascading outage across the U.S. East Coast triggered this week by a domain name system failure in an AWS DynamoDB service demonstrates the risks of deep architectural dependencies and the challenges of building true multi-region cloud resilience, said Forrester's Brent Ellis and Dario Maisto.

Bank Info Security 9 months, 2 weeks ago

ISMG Editors: US Federal Government Shutdown Fallout

Also: the UK's $7B Bitcoin Case, Implications of Vectra's NetographyIn this week's update, ISMG editors examine how the U.S. shutdown and the lapse of CISA 2015 liability shield are straining cyber operations, what Vectra’s move for Netography signals for multi-cloud visibility and NDR, and how British prosecutors unraveled a bitcoin hoard now worth $7 billion.

Bank Info Security 10 months, 1 week ago

ISMG Editors: The Pentagon, Microsoft and Chinese Workers

Also: Software Supply Chain Risks, Cato's AI Security BuyIn this week's update, four ISMG editors discussed the Pentagon's review of Microsoft's use of Chinese nationals on U.S. military cloud systems, renewed concerns over software supply chain risks and Cato Networks' first-ever acquisition to boost AI security.

Bank Info Security 10 months, 2 weeks ago

Pentagon Probes Microsoft's Use of Chinese Coders

Defense Department Suspends, Reviews Microsoft 'Digital Escorts' ProgramThe Pentagon is reviewing Microsoft's decade-long use of "digital escorts" - U.S.-based staff who review code from Chinese engineers - into military cloud systems, a workaround now deemed a "breach of trust" that may have exposed sensitive but unclassified government data.

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