Updates
INTERPOL arrests 300, seizes $3M in West African cybercrime crackdown
INTERPOL’s Operation Jackal III and a five-year investigation in Argentina led to the arrests of 372 individuals, the seizure of $4.2 million, and the blocking of 820 bank accounts, highlighting the critical importance of international cooperation against West African financial fraud networks.
Ransomware recovery costs for critical infrastructure quadruple to $3 million
The energy and water sectors are prime targets for cybercriminals due to their critical nature.
USA considers stricter trade rules for China chips
One of the measures under review is the Foreign Direct Product Rule (FDPR).
CISA urges critical GeoServer patch
CISA has mandated federal agencies to patch a critical GeoServer vulnerability by 5 August 2024, as it is actively exploited.
IDF commander: Israel blocked 3 billion of cyberattacks since October
The Israeli Defence Forces (IDF) have reportedly thwarted around 3 billion cyberattacks since 7 October.
Amazon faces UK scrutiny over AI deal with startup Adept
The CMA is scrutinising Amazon’s acquisition of key figures from AI startup Adept, reflecting wider concerns about Big Tech’s influence on AI partnerships and competition.
ByteDance loses EU court challenge
TikTok’s owner, ByteDance, must comply with EU gatekeeper regulations CJEU rules.
UK investigates Microsoft over AI hiring concerns
Microsoft faces a UK inquiry over its recruitment of key AI staff from Inflection AI and its entry into associated
arrangements with Inflection AI.
European Commission investigates DMA interoperability provisions
The EU study will consider extending interoperability to social networking services.
DMM Bitcoin exchange hacked by North Korean group
The North Korean Lazarus Group is suspected of hacking the DMM Bitcoin exchange, stealing over $300 million. Investigations reveal funds were laundered through the Huione Guarantee platform, linked to $11 billion in transactions.
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