Global Cybercrime Bust: $400 Million Siezed
A massive international law enforcement operation, involving agencies from 40 countries, has led to the arrest of over 5,500 individuals connected to financial crimes and the seizure of more than $400 million in virtual assets and government-backed currencies.
FBI-Wanted Ransomware Hacker Mikhail Matveev Arrested in Russia
Russian authorities have reportedly detained Mikhail Pavlovich Matveev, known by aliases such as Wazawaka, Uhodiransomwar, and Boriselcin. Matveev, wanted by the FBI since 2023, is linked to major ransomware groups including Hive, LockBit, and Babuk, which have been responsible for devastating cyberattacks on critical infrastructure, government agencies, and businesses worldwide.
Hackers Breach Central Bank of Uganda, Stealing $17 Million from Treasury Accounts
In a significant blow to national financial security, hackers have infiltrated the Central Bank of Uganda's systems, breaching its firewalls and siphoning off $17 million from Treasury accounts.The attack, discovered earlier this week, has raised alarms about the robustness of cybersecurity infrastructure within critical financial institutions, not only in Uganda but across the African continent.
Treasury Leaders Confront the Realities of Cyber-Resilience
According to an IBM study, the average cost of a data breach in 2024 has climbed to nearly $5 million, marking a 10% increase from the previous year. At the AFP national conference, this stark reality set the stage for an immersive session aimed at equipping finance teams with the skills needed to respond swiftly and effectively to cyber threats.
Finastra Investigates Data Breach Impacting Banking Clients
Finastra, a leading provider of solutions to over 8,000 financial institutions, is investigating a breach of its internal file transfer platform, where hackers stole more than 400 gigabytes of data.
GoIssue: A New Threat Targeting GitHub Users
Cybersecurity experts are sounding alarms over a newly emerged tool called GoIssue, designed to facilitate mass phishing campaigns targeting GitHub users.
North Korean Hackers Unleash 'Hidden Risk' Malware to Target Cryptocurrency Firms
North Korean state-sponsored group BlueNoroff, a subgroup of the Lazarus Group, has launched a new malware campaign called "Hidden Risk," targeting cryptocurrency and DeFi businesses. SentinelLabs researchers found that the campaign, active since July 2024, employs phishing emails and PDF-based lures with fake crypto news headlines to trick victims into clicking on malicious links.
S&P Warns of Material Risk from Unpatched Vulnerabilities
S&P Global Ratings has highlighted poor corporate vulnerability remediation as a significant risk factor. Analyzing data from over 7,000 rated companies, S&P found that 40% address known system flaws "infrequently," leaving them exposed.
