Bessent and Powell Warn Banks on New AI Tool’s ‘Zero-Day’ Risks
U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street executives this week to warn that a new artificial intelligence model from Anthropic could mark the start of a more dangerous phase in cybersecurity.
Dutch Police Crack Down on Users of Document-Forgery Platform
Dutch police have arrested eight men on suspicion of identity fraud, forgery, and cybercrime in a nationwide operation targeting users of VerifTools, a fake-ID platform that investigators say generated forged documents for criminals around the world.
British and American Officials Warn of State-Backed Cyber Attacks
UK and U.S. officials are warning of rising cyber risks driven by Russia- and Iran-linked hacker groups, according to new reports by the Financial Times and Bloomberg.
Hackers Nab Data on 10 Jones Day Clients in Phishing Attack
Hackers infiltrated Washington, D.C.-based Jones Day and stole data on 10 of its clients via a phishing-related cyberattack.
Cambodia’s Parliament Passes First-Ever Law Aimed at Online Scam Centers
Cambodia’s parliament on Friday passed the country’s first law specifically aimed at combating online scam centers, setting prison terms and fines for fraud, money laundering, data theft, and recruitment tied to the illicit industry as scrutiny intensifies over the country’s role in global cyber scams.
North Korea Suspected in Massive $286-Million Drift Exploit
Drift Protocol, the largest decentralized perpetual futures exchange on the Solana blockchain, was exploited for about $286 million in a hack that blockchain analytics firm Elliptic said bore multiple indicators of a possible North Korean link.
Iran Wages Cyber Campaign Against Israeli and U.S. Firms and Civilians
Tehran has intensified cyber attacks against Israel and the United States in response to the Iran war, using operations designed to spread fear, gather intelligence, and support military targeting.
U.S. Indicts Hacker Allegedly Behind $53-Million Uranium Finance Exploit
U.S. authorities have charged an alleged hacker in connection with a 2021 exploit of decentralized exchange Uranium Finance that drained about $53 million in crypto and helped force the platform to shut down.
Iran-Backed Hackers Wipe Data of More Than 50 Israeli Firms, Target Cameras
Iran-linked hackers have stepped up cyberattacks on Israel in recent weeks, wiping data at more than 50 small businesses and compromising about 50 public security cameras, Bloomberg reported Tuesday, citing Israel’s top civilian cyber official.
EU to Publish Plan to Fight Digital Fraud Later this Spring
The European Commission is preparing to unveil an action plan against digital fraud before the summer as it seeks to strengthen the European Union’s response to a surge in online scams and cyber-enabled financial crime.