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Ex-FBI Leader Cynthia Kaiser on Sanctions, Ecosystem Disruption, Stronger PoliciesU.S. cyber policy now treats ransomware gangs and fraud networks as transnational criminal organizations. Former FBI cyber leader Cynthia Kaiser explains how sanctions, infrastructure takedowns, and international cooperation could weaken cybercrime ecosystems and reduce attacks.

Also: Man Denied Bankruptcy Discharge Over $12.5M Crypto Ponzi DebtsU.S. sanctions Iranian shadow banking network, Texas man denied bankruptcy discharge, Nemo blames $2.6M exploit on developer errors, THORChain founder hacked, Shibarium Bridge hit by $2.4M hack, Denver court rules pastor's $3.3M project a fraud and NYDFS tells banks to use blockchain analytics.

Also: Dismantling a 460 Million Euro Crypto Fraud NetworkThis week, a peek into Iran's largest crypto exchange blending privacy, scale and sanctions evasion, Europol and Spanish police dismantled a crypto fraud network, $9.5M Resupply hack, sentencing in a $40M ponzi scheme and a North Korean crypto theft and employment fraud ring.

Bank Info Security 2 years, 1 month ago

US Sanctions Chinese National for Running 911 S5 Botnet

Treasury Department Says Botnet Users Committed Fraud, Made Bomb ThreatsThe U.S. Department of the Treasury sanctioned Chinese national Yunhe Wang for his role in directing the 911 S5 botnet, which uses hacked residential computers as proxies and is often used to commit fraud. The government also sanctioned a co-conspirator and a real estate business associate.