New York officials won a court order shuttering cryptocurrency trading platform Coinseed, after it allegedly defrauded thousands of investors out of millions of dollars, according to State Attorney General Letitia James. The court also awarded a $3 million judgment against Coinseed and its CEO.
A pair of House committees this week said they want to spend additional millions on cybersecurity by injecting funds into CISA and the FTC, as part of the debate over the Biden administration's $3.5 trillion budget proposal for 2022. Part of the money would help fulfill Biden's executive order.
Senior U.S. officials say that there have been no signs that Moscow has begun to crack down on ransomware-wielding criminals operating from inside Russia's borders. President Biden has called on Russia to act responsibly, and U.S. intelligence has been sharing information on top suspects.
U.S. SEC Chair Gary Gensler testified before the Senate on Tuesday and again called for comprehensive cryptocurrency regulations, citing a need to reduce cybersecurity risks, other market risks, and criminal efforts to defraud investors, while simultaneously advancing the space.
Massachusetts Attorney General Maura Healey says her office is probing the data breach at T-Mobile that exposed the personal information of 54 million people, including current, former and prospective customers of the carrier. The Federal Communications Commission is also investigating the incident.
The U.S. Department of Commerce this week announced the establishment of an artificial intelligence advisory committee set to counsel President Joe Biden and other federal agencies on issues ranging from privacy concerns to data security, along with global competition and inherent biases.
A Ukrainian national was extradited from Poland to the U.S. this week and now faces charges of conspiracy, trafficking in unauthorized access devices and trafficking in computer passwords, according to the Justice Department.
Nine months after discover of the attack that targeted SolarWinds and clients of its network monitoring tool, the incident continues to spur investigations into what happened. The SEC is reportedly probing those businesses involved, and lawmakers want answers about the breach of DOJ emails.
"Silence is gold." So says ransomware operator Ragnar Locker, as it attempts to compel victims to pay its ransom demand without ever telling anyone - especially not police. But some ransomware-battling experts have been advocating the opposite, including mandatory reporting of all ransom payments.
A dual U.S.-Canadian national has been sentenced to more than 11 years in federal prison for conspiring to launder tens of millions of dollars in wire and bank fraud schemes, according to the U.S. DOJ. Officials say the activity included cash-out scams for North Korean cybercriminals.
Despite a recent slowdown in incidents and some cybercriminals claiming they have stopped or abandoned ransomware attacks, National Cyber Director Chris Inglis says it's "too soon to tell," if the behavior of these groups has changed permanently or if they are waiting for an opportunity to return.
A Russian citizen, alleged to be working as a developer for the malware-spreading organization Trickbot, reportedly has been arrested at Seoul-Incheon International Airport. He was questioned by Korean authorities following an extradition request from the U.S.
The U.S. SEC announced civil action against defunct cryptocurrency lending platform BitConnect for allegedly defrauding investors out of $2 billion. In response, experts say cryptocurrency markets will face continued scrutiny over investor protections, fraud and security.
The House began debate Wednesday on legislation that would require companies that own or operate parts of the nation's critical infrastructure to report a cyberattack or breach within 72 hours of confirmation.
Sen. Pat Toomey of the Senate Banking Committee is requesting input from the cryptocurrency and blockchain community to inform future legislation on its security and privacy. Several experts praise efforts to regulate the space, but cite its complexities.
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