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Also: OneCoin Exec's Guilty Plea; SEC's Crypto Enforcement YearThis week, Poloniex prepared to resume operations after a $100 million hack, a OneCoin executive pleaded guilty, the SEC reported an "impactful" crypto enforcement year, a bug put $2.1 billion at risk, $27 million was stolen, the Data Act vote happened in Europe, and China released an NFT theft law.

Trilogue Talks in Final Stages, Says European Parliament MemberEuropean lawmakers behind an artificial intelligence regulation that's close to finalization predicted Thursday the law will set global standards. "We want AI to develop in Europe, and this is why we want to build a trustworthy ecosystem," said Brando Benifei.

Toyota Financial Services (TFS) has confirmed that it detected unauthorized access on some of its systems in Europe and Africa after Medusa ransomware claimed an attack on the company. [...]

Fraudsters operated from Ukrainian call centers

ETSI Will Publicize Its Encrypted Protocol TETRA Used in Radio SystemsThe European telecom standards body behind a widely used radio encryption system will soon open-source its encryption protocols. The European Telecommunications Standards Institute on Tuesday said it will soon publish Terrestrial Trunked Radio, or TETRA, a European standard for radio communication.

Committee Amends Bill to State It Doesn't Prohibit or Weaken End-to-End EncryptionA key European parliamentary committee on Tuesday voted to carve off encrypted communications from a legislative proposal directing online providers to diminish the risk of child sexual abuse material. The European Parliament's LIBE Committee emphatically rejected weakening end-to-end encryption.

In this Black Hat Europe preview, devices bridging critical machinery with the wider Internet are exposed and subject to numerous supply chain-induced bugs.

Emergency comms standard had five nasty flaws but will be opened to academic research A set of encryption algorithms used to secure emergency radio communications will enter the public domain after an about-face by the European Telecommunications Standards Institute (ETSI).…