Cybercrime

Australia tightens rules for crypto ATMs

Australia has imposed stricter rules on crypto ATM operators to curb scams and ensure compliance with anti-money laundering laws. A $5,000 AUD limit now applies to cash deposits and withdrawals, with scam warnings required on all machines.

Operators must also step up customer verification and improve transaction monitoring. These measures follow an AUSTRAC-led investigation that revealed older Australians, particularly those aged 60 to 70, account for a large share of crypto ATM activity.

Authorities noted that some victims were tricked into handing over life savings via these machines.

AUSTRAC has already denied registration renewal to one provider, Harro’s Empires, due to ongoing misuse risks.

The agency warned that other non-compliant operators could face similar penalties. It also urged broader adoption of cash limits across exchanges to reduce financial crime exposure.

To strengthen awareness, AUSTRAC and the federal police have released educational materials to be displayed near ATMs. The move comes amid rising scam reports, with 150 confirmed cases and over $3.1 million AUD in losses reported within a year.

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184 million passwords exposed in massive data breach

A major data breach has exposed over 184 million user credentials, including emails, passwords, and account details for platforms such as Google, Microsoft and government portals. It is still unclear whether this was due to negligence or deliberate criminal activity.

The unencrypted, unprotected database was discovered online by cybersecurity researcher Jeremiah Fowler, who confirmed many of the credentials were current and accurate. The breach highlights ongoing failures by data handlers to apply even the most basic security measures.

Fowler believes the data was gathered using infostealer malware, which silently extracts login information from compromised devices and sells it on the dark web. After the database was reported, the hosting provider took it offline, but the source remains unknown.

Security experts urge users to update passwords across all platforms, enable two-factor authentication, and use password managers and data removal services. In today’s hyper-connected world, the exposure of such critical information without encryption is seen as both avoidable and unacceptable.

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Microsoft takes down massive Lumma malware network

Microsoft has dismantled a major cybercrime operation centred around the Lumma Stealer malware, which had infected over 394,000 Windows devices globally.

In partnership with global law enforcement and industry partners, Microsoft seized more than 1,300 domains linked to the malware.

The malware was known for stealing sensitive data such as login credentials, bank details and cryptocurrency information, making it a go-to tool for cybercriminals since 2022.

The takedown followed a court order from a US federal court and included help from the US Department of Justice, Europol, and Japan’s cybercrime unit.

Microsoft’s Digital Crimes Unit also received assistance from firms like Cloudflare and Bitsight to disrupt the infrastructure that supported Lumma’s Malware-as-a-Service network.

The operation is being hailed as a significant win against a sophisticated threat that had evolved to target Windows and Mac users. Security experts urge users to adopt strong cyber hygiene, including antivirus software, two-factor authentication, and password managers.

Microsoft’s action is part of a broader effort to tackle infostealers, which have fuelled a surge in data breaches and identity theft worldwide.

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Colt, Honeywell and Nokia to trial quantum cryptography in space

Colt Technology Services, Honeywell, and Nokia have joined forces to trial quantum key distribution (QKD) via satellites to develop quantum-safe networks. The trial builds on a previous Colt pilot focused on terrestrial quantum-secure networks.

The collaboration aims to tackle the looming cybersecurity risks of quantum computing, which threatens to break current encryption methods. The project seeks to deliver secure global communication beyond the current 100km terrestrial limit by trialling space-based and subsea QKD.

Low-Earth orbit satellites will explore QKD over ultra-long distances, including transatlantic spans. The initiative is designed to support sectors that handle sensitive data, such as finance, healthcare, and government, by offering encryption solutions resistant to quantum threats.

Leaders from all three companies emphasised the urgency of developing safeguards to protect against future threats. A joint white paper, The Journey to Quantum-Safe Networking, has been released to outline the risks and technical roadmap for this new frontier in secure communications.

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Lazarus group fails in phishing attempt on BitMEX

BitMEX has revealed it successfully stopped a phishing attempt by the Lazarus Group, a hacking network linked to North Korea. Attackers posed as a Web3 partner on LinkedIn, trying to trick a BitMEX employee into running malicious GitHub code.

BitMEX’s security team detected the threat early and linked it to infrastructure previously associated with Lazarus.

The exchange noted Lazarus uses simple phishing before more advanced hacks. A failed operational safeguard even exposed an IP address tied to North Korean operations, located in Jiaxing, China.

Experts believe the group’s hacking efforts are split among subgroups, each with different technical skill levels.

Lazarus has been blamed for a sharp rise in crypto thefts. Chainalysis reported North Korean-linked actors stole $1.34 billion in 2024, accounting for 61% of the total stolen in crypto-related crimes that year.

Social engineering remains their primary entry tactic, as seen in major incidents like the Bybit and Radiant Capital hacks.

The group continues to launch daily fraud attempts using a mix of phishing, fake job offers, and malicious files to compromise individuals and organisations across the crypto space.

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How AI could quietly sabotage critical software

When Google’s Jules AI agent added a new feature to a live codebase in under ten minutes, it initially seemed like a breakthrough. But the same capabilities that allow AI tools to scan, modify, and deploy code rapidly also introduce new, troubling possibilities—particularly in the hands of malicious actors.

Experts are now voicing concern over the risks posed by hostile agents deploying AI tools with coding capabilities. If weaponised by rogue states or cybercriminals, the tools could be used to quietly embed harmful code into public or private repositories, potentially affecting millions of lines of critical software.

Even a single unnoticed line among hundreds of thousands could trigger back doors, logic bombs, or data leaks. The risk lies in how AI can slip past human vigilance.

From modifying update mechanisms to exfiltrating sensitive data or weakening cryptographic routines, the threat is both technical and psychological.

Developers must catch every mistake; an AI only needs to succeed once. As such tools become more advanced and publicly available, the conversation around safeguards, oversight, and secure-by-design principles is becoming urgent.

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Thailand to block unlicensed crypto exchanges

Thailand’s Securities and Exchange Commission (SEC) will block access to five major cryptocurrency exchanges on 28 June for operating without a licence. Bybit, 1000X, CoinEx, OKX, and XT.COM offered trading services to Thai users without authorisation, leading to legal action.

The SEC aims to protect investors and prevent money laundering.

New anti-cybercrime laws passed in April give authorities broad powers to shut down suspicious websites quickly. The Royal Decree lets the Ministry of Digital Economy and Society target unlicensed platforms.

Enforcement has since intensified against offshore crypto operators.

Thailand is also adopting blockchain for public finance. The Ministry of Finance launched G-Token, a blockchain-based investment token for government bonds.

G-Tokens cannot be used as currency, maintaining a clear line from volatile cryptocurrencies. Regulators have imposed stricter customer checks and faster suspension of suspicious accounts, while extending liability to banks, telecoms, and social media firms.

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Chinese state-linked hackers use Google Calendar to steal data

In a report published this week, analysts at Google have uncovered a campaign in which a China-linked group known as APT41 targeted government ministries and other organisations.

Victims received spearphishing emails directing them to a ZIP file hosted on a compromised official website. Inside, a PDF and some insect images were designed to tempt users into clicking.

Opening the PDF quietly installed a programme called ToughProgress, which runs entirely in a device’s memory to evade antivirus checks. Once active, the malware stole sensitive files and prepared them for exfiltration.

Google Calendar became the hackers’ secret communication channel. An event dated 30 May 2023 carried encrypted data stolen from victims in its description.

Further entries in July contained new instructions. ToughProgress regularly checked the attacker-controlled calendar, decrypted any commands and uploaded its results back as new calendar events.

APT41 is one of China’s most active state-linked cyber groups. US authorities charged five members in 2020 with over a hundred intrusions worldwide and issued arrest warrants for operatives including Zhang Haoran and Tan Dailin.

Earlier investigations tie the group to long-running breaches of Southeast Asian government agencies and a Taiwanese research institute working on strategic technology.

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AT&T hit by alleged 31 million record breach

A hacker has allegedly leaked data from 31 million AT&T customers, raising fresh concerns over the security of one of America’s largest telecom providers. The data, posted on a major dark web forum in late May 2025, is said to contain 3.1GB of customer information in both JSON and CSV formats.

Instead of isolated details, the breach reportedly includes highly sensitive data: full names, dates of birth, tax IDs, physical and email addresses, device and cookie identifiers, phone numbers, and IP addresses.

Cybersecurity firm DarkEye flagged the leak, warning that the structured formats make the data easy for criminals to exploit.

If verified, the breach would mark yet another major incident for AT&T. In March 2024, the company confirmed that personal information from 73 million users had been leaked.

Just months later, a July breach exposed call records and location metadata for nearly 110 million customers, with blame directed at compromised Snowflake cloud accounts.

AT&T has yet to comment on the latest claims. Experts warn that the combination of tax numbers and device data could enable identity theft, financial scams, and advanced phishing attacks.

For a company already under scrutiny for past security lapses, the latest breach could further damage public trust.

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Libra meme coin wallets frozen on Solana

Two wallets tied to the controversial Libra meme coin team have been frozen. Nearly $58 million in USDC stablecoins on the Solana blockchain are now locked.

The freeze on Solscan affects accounts holding $44.59 million and $13.06 million in USDC, a stablecoin issued by Circle. Major stablecoin issuers like Circle have the authority to blacklist addresses in cases of fraud or legal disputes.

The freeze follows a temporary restraining order from a US federal court, requested by Burwick Law amid ongoing litigation. Argentina’s justice department has also been linked to the legal action, connected to the Libra token promoted by Argentine President Javier Milei.

The token’s rapid rise and fall earlier this year sparked accusations of a pump-and-dump scheme.

Despite the legal troubles, Circle has recently filed for an initial public offering on the New York Stock Exchange, aiming for a $6.7 billion valuation. Meanwhile, Argentina’s task force investigating the scandal was disbanded last week.

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