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Bank Info Security 1 year, 6 months ago

Cryptohack Roundup: BitMEX's $100M Penalty

Also: US Govt Seeks Return of Hack Funds to Bitfinex; Mango Markets ShutsThis week, BitMEX fined $100M, prosecutors sought return of Bitfinex funds, Mango Markets shut, a Web3 attack method; pastor charged in crypto scam, CFPB proposed firms refund hack victims, 2024 crime stats, Wolf Capital co-founder's guilty plea, Thai Bitcoin miners seized and a New York AG lawsuit.

Also: Interpol Says 'Pig Butchering' Shames Victims, A Data Leak Scandal in MexicoThis week, U.S. asks Israel to extradite an alleged LockBit coder, don't say "pig butchering," and an Apache Struts flaw. A hunt for alleged data thieves in Mexico, Europe probes TikTok and Netfilix fined 4.75 million. A ransomware attack against Texas medical centers and a credit union breach.

Bank Info Security 1 year, 9 months ago

Ex-NCSC Chief: UK Cyber Incident Reporting a 'Good Step'

Cyber Security and Resilience Bill Includes 72-Hour Reporting Deadline, Hefty FinesThe U.K. government's proposed Cyber Security and Resilience Bill is a "good step forward" to encourage ransomware incident reporting, said Ciaran Martin, the former NCSC chief. But he said the success of the new regulations also hinges on the support mechanism for cyber victims.

Bank Info Security 1 year, 9 months ago

Cryptohack Roundup: BingX, Truflation Exploits

Also: Reimbursements in Banana Gun Hack; Germany Shutters 47 ExchangesThis week, BingX, Truflation, OpenAI X account hacked; Germany shut 47 exchanges; Caroline Ellison sentenced; two got crypto theft charges; one got crypto scam fine; Banana Gun will refund victims; WazirX, Liminal in dispute; SEC settled with TrueCoin, TrustToken; CFTC may settle with Mango Markets.

Bank Info Security 2 years, 3 months ago

AI Is Making Payment Fraud Better, Faster and Easier

AI Is Also Making Traditional Scams More Convincing, Warns VisaArtificial intelligence technologies such as generative AI are not helping fraudsters create new types of scams. They are doing just fine relying on the traditional scams, but the advent of AI is helping them scale up attacks and snare more victims, according to researchers at Visa.

ALSO: most Mainers are MOVEit victims, NY radiology firm fined for not updating kit, and some critical vulnerabilities Infosec in brief After spending almost a year cleaning up after various security snafus, the UK's Royal Mail has left an open redirect flaw on one of its sites, according to infosec types. We're told this vulnerability potentially exposes customers to malware infections and phishing attacks.…

Plus: Coinbase said to face SEC wrath, blockchain scam CEO admits using victims' millions to fund Hawaiian condo The US government is reportedly investigating Kraken, a massive cryptocurrency exchange suspected of violating sanctions against Iran, and is expected to slap the crypto behemoth with a fine in the near future.…