U.S. SEC Commissioner Caroline Crenshaw urges DeFi developers to approach the financial regulator in an effort to bring projects in line with existing securities laws. Though praising the DeFi's innovative nature, the commissioner says it lacks transparency and is hindered by on-chain pseudonymity.
The U.S. Department of the Treasury has blacklisted cryptocurrency exchange Chatex, along with a network of entities the department says support it, for allegedly facilitating ransomware-related financial transactions. This action effectively bars Americans from doing business with the company.
The calculus facing cybercrime practitioners is simple: Can they stay out of jail long enough to enjoy their ill-gotten gains? A push by the U.S. government and allies aims to blunt the ongoing ransomware scourge. But will practitioners quit the cybercrime life?
Congress has passed the $1.2 trillion physical infrastructure bill, which will inject $1.9 billion in new cybersecurity funding for the federal government. The bill, long held up in Congress, passed the House on Friday and moves to the desk of President Joe Biden, who plans to sign the measure into law.
The U.S. Department of Justice says one Ukrainian man has been arrested and a Russian man indicted for launching devastating REvil ransomware attacks against software company Kaseya and the state of Texas. Separately, Europol announced the arrest of a further five REvil affiliates since February.
Marcus Rameke of Nikko Asset Management Group in New Zealand shares how he led the digital transformation journey to enable it to fulfill new business requirements using an agile approach that made staff more mobile and able to achieve better productivity and revenue and improve client satisfaction.
Following the arrest of suspected Clop ransomware operation members in Ukraine, Red Notices issued by Interpol seek the arrest of six more members of the Russian-speaking crime group, as part of what law enforcement agencies have dubbed Operation Cyclone.
The U.S. deputy attorney general said this week that the nation is ramping up efforts to cripple ransomware operations and other cybercrime through arrests and seizures of ransom payments. The Biden administration has called ransomware a threat to national security and an economic threat.
The latest edition of the ISMG Security Report features insight from U.S. Sen. Angus King on why the federal government needs to declare a clear response to cybercriminals in order to deter them. Also featured: Ransomware affiliates gain power and promoting diversity of thought in cybersecurity.
Wireless device makers in the European Union market will soon have to adhere to a new set of cybersecurity guidelines at the design and production stages of manufacturing, according to the European Commission. The guidelines target devices such as mobile phones, tablets and other products.
CISA Director Jen Easterly and congressional leader John Katko, R-N.Y., agree that officials must take precautionary steps to identify "systemically important critical infrastructure" to reduce risks of pervasive supply chain cyberattacks.
While doing digital transformation, CISOs tend to look more at technology and try to adapt it without making the distinction between technologies that are must-have and good to have. Krishnamurthy Rajesh of ICRA says CISOs must analyze risks, update security, and change the mindset of employees.
The cyber actors suspected of being behind the deployment of ransomware strains such as LockerGoga, MegaCortex and Dharma, among others, are under arrest, after a joint operation involving law enforcement and judiciary agencies from eight countries. The actors are believed to have affected more than 1,800 victims.
National Cyber Director Chris Inglis on Thursday announced that Federal CISO Chris DeRusha will concurrently serve as his deputy at the newly created office. Inglis, a Senate-confirmed top adviser to the president, also released a "statement of strategic intent" outlining his own official duties.
The U.S. Department of State will create a Bureau of Cyberspace and Digital Policy, led by a Senate-confirmed ambassador-at-large, to advance its cybersecurity diplomacy efforts, according to Secretary of State Antony Blinken. The move is a response to a challenging global threat landscape.
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