Coinbase responded to a security incident with combative measures Thursday after the company said cybercriminals bribed some of the cryptocurrency exchange’s international support staff to steal data on customers. The unnamed threat group stole personally identifiable information and other sensitive data on less than 1% of Coinbase’s monthly users, the company said in a blog…
Category: Financial
Crypto, CryptoCurrency, Cybercrime, Cybersecurity, Exclusive, Exploits, Financial, financial fraud, Global Security News, investigation, investment, Money, money laundering, sophos, Threats
Who needs VC funding? How cybercriminals spread their ill-gotten gains to everyday business ventures
Cybercriminals aren’t so different from the rest of us — they live in the real world, and their spending and investment habits, though funded through crime, can look surprisingly ordinary. Luxury cars and lavish vacations may still grab headlines, but those perks are reserved for the most elite cybercriminals. In reality, everyday businesses — like pizza…
agentic ai, Financial, Global Security News, Money, ReliaQuest
ReliaQuest secures $500 Million in funding, boosting AI-driven cybersecurity operations
U.S.-based cybersecurity firm ReliaQuest has secured a significant funding boost with a new investment round totaling over $500 million, elevating the company’s valuation to $3.4 billion. The funding round was led by global investors EQT Partners, KKR, and FTV Capital, alongside existing investors Ten Eleven Ventures and Finback Investment Partners. This fresh capital injection underscores…
Asia Pacific, china, Christopher Wray, Department of Treasury, fbi, Federal Bureau of Investigation (FBI), Financial, Flax Typhoon, Geopolitics, Global Security News, Integrity Technology Group, internet of things, Internet of Things (IoT), State Department, Technology, Treasury Department
U.S. sanctions take aim at Chinese company said to aid hackers’ massive botnet
The U.S. government on Friday sanctioned a Chinese company that Western nations had connected to a Beijing-sponsored hacking group’s botnet, which had compromised hundreds of thousands of devices before a joint takedown operation last year. Flax Typhoon hackers made use of infrastructure at Integrity Technology Group to exploit victims, according to the Treasury Department’s Office…
CDK Global, Cybersecurity, Financial, Global Security News, Government, incident reporting, Paul Hastings LLP, Ransomware, Securities and Exchange Commission (SEC)
Study finds ‘significant uptick’ in cybersecurity disclosures to SEC
The introduction of new cybersecurity disclosure rules by the U.S. Securities and Exchange Commission has led to a significant uptick in the number of reported cybersecurity incidents from public companies, according to a leading U.S. law firm that specializes in finance and M&A activity. Analysis by Paul Hastings LLP found that since the disclosure law…