Security News
The world's largest cryptocurrency exchange just got a little smaller, with the US Department of Justice announcing Binance and its CEO Changpeng Zhao have both pleaded guilty to a multitude of financial crimes. According to a criminal case [PDF] unsealed Tuesday, Binance failed to register as a money services business in the United States, broke the Bank Secrecy Act by failing to implement and maintain an anti-money laundering program, and violated the International Emergency Economic Powers Act by allowing US users to transact with individuals in sanctioned countries.
Global financial crime compliance costs for financial institutions exceed $206 billion. Financial crime professionals embrace AI. While certain industries are still determining the ways in which AI and ML will bring about an influence, 71% of professionals in financial crime compliance indicate that their organizations are already enhancing data utilization through advanced analytics.
"Their primary objectives were to identify which evidence of Russian war crimes and exercise control over potential ground-deployed spies have our law enforcement teams," states the report [PDF], which was released on Monday. Intruders linked to Russia's Federal Security Service, Main Intelligence Directorate, and Foreign Intelligence Service also sought out material that could be used in criminal proceedings against Russian spies, other specific individuals, institutions, and organizations "Potentially leading to sanctions or other actions," the SSSCIP reports.
India is grappling with a three-and-a-half year surge in cyber crime, with analysis suggesting cities like Bengaluru and Gurgaon - centers of India's tech development - are also hubs of evil activity. The report - A Deep Dive into Cybercrime Trends Impacting India from the non-profit Future Crime Research Foundation - identified cyber crime hot spots, as well as the most popular types of infosec assaults, from January 2020 until June 2023.
The International Criminal Court said criminals breached its IT systems last week but it isn't over yet, with the ICC saying the "Cybersecurity incident" is still ongoing. As the court continues to analyze and mitigate the impact of the incident, the priority is ensuring that the core work of the Court continues.
From BT and Nvidia to Grand Theft Auto 6, pair were on a total tear Two teenage members of the chaotic Lapsus$ cyber-crime gang helped compromise computer systems of Uber and Nvidia, and also...
The surge in victims of identity scams is likely caused by many different things, she noted, including: the sheer volume of online interactions the public conducts daily, the shift to digital-only transactions, the growing complexity of attacks, the availability of low-cost tools accessible to criminals, and the accessibility of identity information and personal data. Based on the survey, a growing number of identity crime victims who contacted the ITRC shared experiencing suicidal thoughts.
The demand for these services has led to criminal service providers springing up to supply these needs, and in an almost virtuous cycle of malice, this supply of cybercrime services enables the entire cybercrime threat landscape. Actors can now buy malware, infrastructure, and phishing as a service; they can even easily purchase access to victims from initial access brokers.
The usage of platforms like Cash App, Zelle, and Venmo for peer-to-peer payments has experienced a significant surge, with scams increasing by over 58%. Additionally, there has been a corresponding rise of 44% in scams stemming from the theft of personal documents, according to IDIQ. AI voice technology. The report also highlights the rise of AI voice scams as a significant trend in 2023.
International cops have arrested a suspected "Key figure" of a cybercrime group dubbed OPERA1ER that has stolen as much as $30 million from more than 30 banks and financial orgs across 15 countries. According to Interpol, which led the international task force in Operation Nervone to take down the gang's ringleader, OPERA1ER has stolen at least $11 million - but possibly as much as $30 million - from organizations across Africa, Asia, and Latin America.