Latest cybersecurity reporting from selected sources.

US sanctions target Cambodian scam networks tied to crypto fraud and trafficking

Triad Nexus scales $200m scams, uses infrastructure laundering, localized fraud and US-access blocks

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.

The U.S. Department of Justice (DoJ) on Friday announced that five individuals have pleaded guilty to assisting North Korea's illicit revenue generation schemes by enabling information technology (IT) worker fraud in violation of international sanctions

The U.S. Treasury Department on Tuesday imposed sanctions against eight individuals and two entities within North Korea's global financial network for laundering money for various illicit schemes, including cybercrime and information technology (IT) worker fraud

The U.S. Treasury Department imposed sanctions on two North Korean financial institutions and eight individuals involved in laundering cryptocurrency stolen in cybercrime and fraudulent IT worker schemes. [...]

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.

The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has levied sanctions against a Philippines-based company named Funnull Technology Inc. and its administrator Liu Lizhi for providing infrastructure to conduct romance baiting scams that led to massive cryptocurrency losses

Apple says it blocked over $9 billion in fraudulent App Store transactions over the last five years, with over $2 billion in potentially fraudulent sanctions prevented in 2024 alone. [...]

The U.S. Department of Justice (DoJ) has indicted 14 nationals belonging to the Democratic People's Republic of Korea (DPRK or North Korea) for their alleged involvement in a long-running conspiracy to violate sanctions and commit wire fraud, money laundering, and identity theft by illegally seeking employment in U.S. companies and non-profit organizations

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.

‘This is not what justice looks like’ says US attorney of sanction for leak of 100 million records Convicted wire fraud perpetrator Paige Thompson (aka "erratic") has been sentenced to time served and five years of probation with location and computer monitoring, prompting U.S. Attorney Nick Brown to label the sanctions unsatisfactory.…