The British government is currently contemplating new legislation aimed at addressing the persistent issue of ransomware attacks. This proposed regulation would mandate that organizations report all payments made to ransomware groups and additionally prohibit public sector entities from paying such extortion demands altogether. Targeting critical national infrastructure and public sector…
Fraud Management & Cybercrime, Ransomware, Regulation Also: Integrating AML and Fraud Initiatives; the Global AI Arms Race Anna Delaney (annamadeline) • January 17, 2025 Clockwise, from top left: Anna Delaney, Mathew Schwartz, Suparna Goswami, and Tony Morbin This week, editors at ISMG convened to analyze a proposal in the U.K.…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime, Standards, Regulations & Compliance U.S. Treasury Implements Sanctions Amid Cybersecurity Breaches David Perera (@daveperera) • January 17, 2025 Image: Shutterstock On January 17, 2025, the U.S. federal government announced that it has successfully traced intrusions by Chinese hackers targeting telecommunications networks back…
Cybercrime, Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime Breach of Gravy Analytics Uncovers Location Data Vulnerability Anviksha More (AnvikshaMore) • January 9, 2025 Image: Shutterstock / ISMG Each week, ISMG compiles notable cybersecurity incidents from around the globe. This week included the detention of a Russian tanker by the…
In a recent roundup of cybersecurity incidents impacting the digital asset space, several noteworthy developments have unfolded, from legal proceedings to regulatory changes and financial penalties. The U.S. criminal fraud trial of Do Kwon, co-founder of Terraform Labs, is scheduled to commence in January 2026. The case, stemming from the…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime Chinese Hackers Allegedly Target U.S. Treasury Department Offices Related to Economic Sanctions By Chris Riotta (@chrisriotta) • January 2, 2025 Chinese nation-state hackers infiltrated several U.S. Treasury Department offices. (Image: Shutterstock) A recent cyber intrusion linked to Chinese hackers has successfully breached…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime, Network Firewalls, Network Access Control Hackers Exploit PAN-OS Vulnerability Shortly After Its Announcement Akshaya Asokan (asokan_akshaya) • December 30, 2024 A Palo Alto firewall. (Image: Palo Alto) A suspected cyber espionage effort traced back to a Chinese hacking group is exploiting a…
Artificial Intelligence & Machine Learning, Fraud Management & Cybercrime, Fraud Risk Management LexisNexis Integrates AI-Driven Document Authentication into Fraud Prevention Solutions By Michael Novinson (@MichaelNovinson) • December 11, 2024 Kimberly Sutherland, Vice President of Fraud and Identity Strategy at LexisNexis Risk Solutions LexisNexis Risk Solutions has announced plans to acquire…
Cybercrime, Fraud Management & Cybercrime, Incident & Breach Response Trinity Ransomware Group Claims Breach of Spanish Tax Agency, Law Firm Reports Significant Data Theft Anviksha More – December 5, 2024 Image: Shutterstock / ISMG Information Security Media Group (ISMG) provides a weekly overview of significant cybersecurity incidents and data breaches…
