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Also: Binance Eyes More Asia Licenses, India Pushes Fresh Crypto CurbsThis week, the U.S. Securities and Exchange Commission eyes July for a crypto rule proposal, Binance anticipates more Asian business, Malaysia seized 75,000 crypto mining rigs, India's central bank shooed away banks from crypto, and Interpol helped sweep crypto launderers.
Indian Police Arrests Ex-Coinbase Staffer Over Data Breach ChargesThis week, a $7 million Trust Wallet extension hack, arrest of an ex-Coinbase support agent, the U.S. sued alleged perpetrators of a $14M scam, Polymarket hack update, early release scheduled for former Alameda CEO, backlash on Flow's post-exploit rollback plan and Grubhub-linked holiday Bitcoin scam.
Ransomware Attack in 2023 Affected More Than 6 Million PeopleIndian IT services giant Infosys said its U.S. subsidiary Infosys McCamish Systems agreed to pay $17.5 million to settle six class action lawsuits related to a cybersecurity incident that compromised the personal information of more than 6 million people.
Also: Angel Drainer Resurfaces; Russia's Sanctions Evasion PloyThis week, Indodax was hacked, Angel Drainer resurfaced, Russia developed Infra crypto, GS Partners settled with U.S. states, Caroline Ellison to be sentenced Sept. 24, FCA prosecuted first unregistered crypto case, Nigeria set new crypto regulations, and India may approve offshore crypto firms.
Also: Chinese Cyberespionage, Defiant Cleveland, and a Spanish Ransomware AttackThis week, ONNX targeted Microsoft 365, Symantec spotted Chinese espionage, AMD may have been breached, Cleveland vowed to defy hackers, Black Basta hit a Spanish firm, Pakistani hackers targeted India, Microsoft said it fixed flaws in Azure, and the U.S. and Indonesia held a cybersecurity exercise.
Chance of AI-Generated Content Affecting Results Appears to Remain Low - for NowChina-backed attackers are continuing to refine their use of content generated using artificial intelligence tools, including audio deepfakes and video news anchors, to sow disruption and influence elections in the U.S., Taiwan, India and beyond, security researchers at Microsoft warn.
US, UK, South Korea and India Most Targeted for Election Interference, Experts WarnWith over 1 billion people across more than 50 countries - including the U.S., the U.K. and India - due to hold elections this year, one open question remains: How can nations combat adversaries who attempt to influence elections or otherwise interfere via physical, cyber or operational means?
Also: $3.3M Socket Hack; Do Kwon and Alex Mashinsky TrialsThis week, the U.S. SEC assessed its X account hack, attackers stole $3.3M from Socket, Do Kwon got a new trial date, Alex Mashinsky sought to dismiss charges, Google Play Store removed crypto apps for India users, IRS clarified crypto asset reporting and South Korea mulled crypto mixer legislation.