Russian Money Laundering Services Busted in UK-Led Operation

Akshaya Asokan • December 4, 2024

An international investigation led by the U.K. busted Russian money cash-for-crypto laundering networks in an operation that's led to the arrest of 84 individuals and U.S. sanctions against others. One of the network allegedly laundered extortion money paid to the Ryuk ransomware group.

Artificial Intelligence & Machine Learning

New York Fines Geico, Travelers $11.3M for Data Breaches

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Artificial Intelligence & Machine Learning

Experts Warn DHS Surveillance Tech Lacks Privacy Protections

Chris Riotta • December 4, 2024

The U.S. Department of Homeland Security is reportedly expanding its use of emerging surveillance tools, including drones and artificial intelligence, without proper safeguards as experts warn of potential privacy violations and risks involving facial recognition and third-party data usage.

Governance & Risk Management

US FTC Cracks Down Geolocation Data Brokers

Anviksha More • December 4, 2024

Two data brokers pledged to stop using geolocation data gleaned from smartphones to sell services that provide a window to the intimate lives of Americans. "Surreptitious surveillance by data brokers undermines our civil liberties," an U.S. Federal Trade Commission official said.

Cybercrime

Police Shutter Largest German-Speaking Criminal Marketplace

Akshaya Asokan • December 4, 2024

German police arrested the suspected administrator of the largest German-speaking underground markets for illegal goods and services. Crimenetwork, online since 2012, was used to sell stolen data, drugs and forged documents. The platform had more than 100,000 users and 100 sellers.

Artificial Intelligence & Machine Learning

Regulator Accuses AI Video Firm of Deceptive Marketing

Mathew J. Schwartz • December 4, 2024

Facial recognition software maker IntelliVision has reached a settlement with the U.S. Federal Trade Commission after the regulator accused the AI-powered software vendor of deceptive marketing claims, including that its tools have "zero gender or racial bias" and market-leading levels of accuracy.

Professional Certifications & Continuous Training

World Wide Work: Landing a Cybersecurity Career Overseas

Brandy Harris • December 4, 2024

Organizations ranging from multinational corporations to government agencies and international nonprofits require cybersecurity expertise. These roles often include exciting opportunities for travel or relocation, making them an attractive path for professionals ready to take their careers global.

Cybercrime

'Horns&Hooves' Malware Campaign Hits Over 1,000 Victims

Prajeet Nair • December 3, 2024

A malware campaign targeting Russian retailers and service businesses aims to deploy remote access tools and install infostealer malware. Kaspersky dubbed the campaign "Horns&Hooves," after a fake organization set up by fraudsters in the 1931 Soviet satirical novel "The Little Golden Calf."

Leadership & Executive Communication

CyberEdBoard Profiles in Leadership: Michael Woodson

Michael Novinson • December 3, 2024

As former director of information security and privacy at Sonesta Hotels, Michael Woodson championed a proactive approach to cybersecurity. His leadership philosophy underscores the importance of cultural transformation and continuous learning in building robust security programs.

Cybercrime

European Police Disrupt Matrix Encrypted Service

Akshaya Asokan • December 3, 2024

French and Dutch police led the takedown of an encrypted messaging platform used in international drug and arms trafficking. Dutch police discovered the app, named Matrix, on the phone of a criminal convicted in 2021 of murdering a journalist.

Cybercrime

Korean Firm Sold Satellite Receivers With DDoS Feature

Anviksha More • December 3, 2024

A South Korean company exported 240,000 satellite receivers with distributed denial-of-service attack capabilities, leading to the arrest of its CEO by the Korean National Police Agency. The company and its employees face criminal prosecution for allegedly violating South Korea’s cybersecurity laws.

Cybercrime

Russia Slams Life Sentence on Hydra Darknet Market's Founder

Mathew J. Schwartz • December 3, 2024

The founder of the notorious darknet market Hydra has been sentenced by a Moscow judge to serve a life sentence in one of the country's harsh penal colonies, together with 15 of his associates. Following its April 2022 disruption by Western law enforcement, other darknet markets replaced Hydra.

Artificial Intelligence & Machine Learning

AWS Unveils Future of Enterprise AI and Cloud at re:Invent

Rahul Neel Mani • December 3, 2024

Amazon Web Services hopes to redefine enterprise innovation in the cloud with a slew of announcements made during CEO Matt Garman's keynote speech at re:Invent 2024 in Las Vegas about advancements in compute, storage, databases, generative AI and analytics.

Critical Infrastructure Security

No Timeline for Evicting Chinese Hackers from US Networks

David Perera • December 3, 2024

Chinese hackers who penetrated U.S. telecoms likely haven't been fully evicted partially due to shifting tactics made in response to public disclosures, federal officials said Tuesday. Industry and government investigators have revealed in dribs and drabs a campaign of Beijing telecom hacking.