Security News This Week: The FBI Made a Crypto Coin Just to Catch Fraudsters

source: wired.com  |  image: fbi.gov

 
/ NexFundAI, the FBI’s Ethereum-based token, was used to investigate price manipulation in crypto markets.

The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets, the government revealed on Wednesday. The FBI’s Ethereum-based token, NexFundAI, was created with the help of “cooperating witnesses.”

As a result of the investigation, the Securities and Exchange Commission charged three “market makers” and nine people for allegedly engaging in schemes to boost the prices of certain crypto assets. The Department of Justice charged 18 people and entities for “widespread fraud and manipulation” in crypto markets. Continue reading “Security News This Week: The FBI Made a Crypto Coin Just to Catch Fraudsters”

Experts Weigh In on Refusing or Paying After a Ransomware Attack

source: technewsworld.com |  image: pexels.com

 

Ransomware attacks have shown signs of decreasing in recent months. Yet they still pose enough threat for organizations to rethink whether a successful breach of their computers justifies paying a ransom demand in hopes attackers will not divulge their stolen content.

According to the NCC Group Threat Pulse Report released in May, the ransomware landscape remains turbulent despite fewer reported incidents since April. Industrials (34%) and Consumer Cyclicals (18%) remained the first and second-most targeted sectors.

There has been a significant shake-up among the top 10 ransomware actors since April. Hunters, one of the leading bad actors, moved from eighth to the second most active threat actor. It launched 61% more ransomware attacks in April than in March. RansomHub replaced RA Group in third place and saw a 42% increase in attacks over March.

The policy of not paying ransom, often called a “no concessions” policy, is a widely debated strategy in counterterrorism and hostage situations. Its effectiveness continues to be argued from multiple perspectives. Cybersecurity experts apply the same reasoning when deciding whether to make or not make ransomware payments. Continue reading “Experts Weigh In on Refusing or Paying After a Ransomware Attack”

China’s Satellites Are Dodging US Eyes In Space

source: defenseone.com  |  image: pixabay.com

 

The Pentagon doesn’t post location data for its secretive GSSAP satellites, but Chinese spacecraft are maneuvering to avoid their gaze.

The Pentagon has long been closed-mouthed about a family of U.S. spy satellites that since 2014 have kept an eye on foreign spacecraft in geosynchronous orbits. That hasn’t stopped Chinese satellites from dodging them.

U.S. officials declassified the Geosynchronous Space Situational Awareness Program a decade ago to show that they had eyes on high-Earth orbit, but they have rarely discussed the the six GSSAP satellites themselves, and they do not publish the standard location data meant to reduce collisions. Now, a new paper from the U.S. Air Force’s China Aerospace Studies Institute explores what the Chinese know about GSSAP—and what they’re doing about it. Continue reading “China’s Satellites Are Dodging US Eyes In Space”

Cyberattackers Unleash Flood of Potentially Disruptive Election-Related Activity

source: darkreading.com  |  image: pexels.com

 

Cyber-threat actors have ramped up their targeting of the 2024 US electionswith a flood of malicious activity expected to peak over the next month, aimed at causing disruption to voters and the election process and requiring increased vigilance on the part of stakeholders.

Specifically, attackers have bolstered election-related threat activity since the beginning of the year with an increase in the sale of phishing kits targeting US voters and campaign donors; the registration of more than 1,000 domains aimed at exploiting election-related content for malicious purposes; and increased ransomware activity targeting government entities, according to research from FortiGuard Labs Threat Research released today.

Since the inception of Internet-related threats, cyber-threat actors have typically increased malicious activity ahead of elections, notes Derek Manky, chief security strategist and vice president of global threat intelligence at Fortinet. However, they aim to be especially disruptive during the current election cycle, requiring that all stakeholders be prepared to fend off malicious actors in the upcoming weeks to protect election outcomes. Continue reading “Cyberattackers Unleash Flood of Potentially Disruptive Election-Related Activity”

New Targets, New Tools, Same Threat.

source: thecyberwire.com  |  image: pixabay.com

 

Listen to the podcase here

 

This week we are joined by Chester Wisniewski, Global Field CTO from SophosX-Ops team, to discuss their work on “Crimson Palace returns: New Tools, Tactics, and Targets.” Sophos X-Ops has observed a resurgence in cyberespionage activity, tracked as Operation Crimson Palace, targeting Southeast Asian government organizations.

After a brief lull, Cluster Charlie resumed operations in September 2023, using new tactics such as web shells and open-source tools to bypass detection, re-establish access, and map target network infrastructure, demonstrating ongoing efforts to exfiltrate data and expand their foothold.

The research can be found here:

Did Israel Intercept Any Iranian Missiles?

source: https://joecirincione.substack.com (contributed by FAN, Bill Amshey)  |  image: pexels.com

The available evidence indicates that most of Iran’s missiles got through.

Something has been bothering me. Almost every reporter and Israeli official says that Israel intercepted most of the 180 missiles Iran fired at three Israeli military bases October 1. If that were true, then you would expect to see dozens of large explosions in the air as the Israeli Arrow 2 or Arrow 3 interceptors found their targets and destroyed the incoming warheads.

But that is not what you see. Dozens of videos show scores of missiles streaking across the sky with many hitting the ground and exploding in fireballs. There are numerous reports of substantial ground damage, including large craters, damaged buildings and at least one intact ballistic missile that failed to explode.

It appears that the Iranian missiles were so inaccurate that most landed a kilometer or more from their intended targets, with some landing in the sea or in vacant land. The Washington Post reports, in one of the few attempts to independently assess the damage, that, “Video recorded from the southern town of Ar’arat an-Naqab on Tuesday showed at least 20 projectiles flying through the air above the Nevatim military air base. At least six missiles hit the facility, erupting into fireballs; plumes of smoke rose from the airfield. No aircraft was hit, the Israel Defense Forces told Israeli media.” Continue reading “Did Israel Intercept Any Iranian Missiles?”

European Government Air-Gapped Systems Breached Using Custom Malware

source: bleepingcomputer.com (contributed by FAN, Steve Page)  |  image: pexels.com

 

An APT hacking group known as GoldenJackal has successfully breached air-gapped government systems in Europe using two custom toolsets to steal sensitive data, like emails, encryption keys, images, archives, and documents.

According to an ESET report, this happened at least two times, one against the embassy of a South Asian country in Belarus in September 2019 and again in July 2021, and another against a European government organization between May 2022 and March 2024.

In May 2023, Kaspersky warned about GoldenJackal’s activities, noting that the threat actors focus on government and diplomatic entities for purposes of espionage.

Continue reading “European Government Air-Gapped Systems Breached Using Custom Malware”

This Brain Implant Lets People Control Amazon Alexa With Their Minds

source: wired.com (contributed by Artemus founder, Bob Wallace)  |  image: pexels.com

 

Neuralink rival Synchron is connecting its brain–computer interface with consumer technologies to allow people with paralysis more functionality.

Mark, a 64-year-old with amyotrophic lateral sclerosis, or ALS, uses Amazon Alexa all the time using his voice. But now, thanks to a brain implant, he can also control the virtual assistant with his mind.

ALS affects the nerve cells in the brain and spinal cord, causing loss of muscle control over time. Mark, who asked that his last name not be used, has limited mobility as a result of his condition. He can walk and talk but has no use of his arms and hands. As part of a clinical trial, he received a brain-computer interface, or BCI, made by startup Synchron in August 2023.

Synchron is developing a BCI that decodes brain signals to allow people with paralysis the ability to control digital devices with their thoughts alone. On Monday, the company announced that its BCI can now be used with Alexa without the need for voice or physical interaction with a touchscreen. Synchron says Mark is the first person to use Alexa with an implanted BCI. Continue reading “This Brain Implant Lets People Control Amazon Alexa With Their Minds”