Risk Types

Google is suing an alleged Chinese-speaking cybercriminal group it says helped drive a sprawling phishing operation that targeted Americans with fraudulent text messages impersonating government agencies and major companies, NBC News reported.

U.S. lawmakers have voted to repeal the 2019 Caesar Civilian Protection Act, ending a far-reaching sanctions regime that broadly targeted any entity providing goods or services to Syria’s government, the Financial Times reported.

U.S. President Donald Trump on Tuesday vowed to designate Venezuela’s government a “Foreign Terrorist Organization” (FTO) and ordered a “total and complete” blockade of sanctioned oil tankers moving into and out of the country.

The UK government will examine the role of cryptocurrency donations in politics as part of a wider review of party-financing rules triggered by a bribery case involving a Reform UK politician, Bloomberg reported.

Russian billionaire Mikhail Fridman and other oligarchs are exploiting European investment treaties to sue Ukraine for hundreds of millions, and in some cases billions, of dollars, according to a new investigation by Follow the Money.

PayPal has applied to form a bank that would offer business loans and interest-bearing savings accounts, a move that would deepen the payments company’s push into core banking services, The Wall Street Journal reported.

The social-media giant Meta has tolerated widespread advertising fraud tied to Chinese customers in order to protect billions of dollars in revenue, even after internal teams repeatedly flagged the activity as problematic, Reuters reported. 

Nationwide Building Society has been hit with a £44-million fine by the UK’s financial regulator over longstanding weaknesses in its systems to detect and prevent financial crime, including failures that allowed tens of millions of pounds in fraudulent Covid furlough payments to pass through a customer’s account.

A top Democratic senator has warned that Chinese intelligence is still inside U.S. telecommunications networks as part of a sweeping cyber campaign known as “Salt Typhoon,” saying the operation gives Beijing access to the unencrypted communications of almost anyone in America, the Financial Times reported.

Former Bolivian President Luis Arce was arrested on Wednesday as part of a sweeping corruption investigation, just a month after conservative President Rodrigo Paz took office and ended two decades of left-wing rule, according to the Associated Press.