This week, Indodax was hacked, Angel Drainer resurfaced, Russia developed Infra crypto, GS Partners settled with U.S. states, Caroline Ellison to be sentenced Sept. 24, FCA prosecuted first unregistered crypto case, Nigeria set new crypto regulations, and India may approve offshore crypto firms.
Mastercard plans to buy threat intelligence firm Recorded Future for $2.65 billion to enhance cyber resilience and offer greater protection and trust around digital transactions. The deal will enhance Mastercard's identity, fraud prevention services by helping businesses identify and mitigate risk.
Hellman & Friedman has met with several investments banks in recent weeks and will choose one to run the sale process for Paramus, New Jersey-based Checkmarx, in which it hopes to get at least $2.5 billion, Calcalist reported. The private equity firm bought Checkmarx for $1.15 billion in April 2020.
The U.S. federal government is preparing to collect reports from foundational artificial intelligence model developers, including details about their cybersecurity defenses and red-teaming efforts. The Department of Commerce said it wants thoughts on how data should be safety collected and stored.
Darktrace has promoted COO Jill Popelka to CEO, replacing long-time leader Poppy Gustafsson. As the cybersecurity AI vendor prepares to finalize its sale to Thoma Bravo, Popelka will steer Darktrace into its next phase of growth. Gustafsson will join the board as a non-executive director.
The FBI's Internet Crime Complaint Center on Monday issued a report revealing victims filed more than 69,000 public complaints related to cryptocurrency fraud and $5.6 billion in financial losses in 2023, while investment scams made up the bulk of losses throughout the year.
The underground market for illicit large language models is a lucrative one, said academic researchers who called for better safeguards against artificial intelligence misuse. "This laissez-faire approach essentially provides a fertile ground for miscreants to misuse the LLMs."
The global disruption caused by a faulty CrowdStrike software triggering a kernel panic and computer meltdowns has led government agencies, experts and vendors to call for rethinking Windows operating system resiliency, including the deep-level OS access security tools now require.
A three-month-old startup promising safe artificial intelligence raised $1 billion in an all-cash deal in a seed funding round. Co-founded by former OpenAI Chief Scientist Ilya Sutskever, Safe Superintelligence will reportedly use the funds to acquire computing power.
This week, pig-butchering scams and bitcoin ATM scams increased, an update in the FTX case, stolen WazirX funds were laundered, settlements in the SEC-Galois and CFTC-Uniswap cases, Scotland seized crypto in a robbery, North Korea targeted Web3 staff, and the Mt. Gox CEO launched a new crypto firm.
The Dutch data regulator is the latest agency to fine artificial intelligence company Clearview AI over its facial data harvesting and other privacy violations of GDPR rules, joining regulatory agencies in France, Italy, Greece and the United Kingdom.
While the criminals may have an advantage in the AI race, banks and other financial services firms are responding with heightened awareness and vigilance, and a growing number of organizations are exploring AI tools to improve fraud detection and response to AI-driven scams.
Unifying fragmented network security technology under a single platform allows for consistent policy application across on-premises, cloud and hybrid environments, said Palo Alto Networks' Anand Oswal. Having a consistent policy framework simplifies management and improves security outcomes.
HackerOne has tapped F5's longtime product leader as its next chief executive to continue expanding its portfolio beyond operating vulnerability disclosure programs. The firm tasked Kara Sprague with building on existing growth in areas including AI red teaming and penetration testing as a service.
Ransomware remains a critical concern for healthcare systems, affecting the availability of patient care. Hugo Lai, CISO at Temple University Health System, said defenders need to understand the dependencies within business processes to effectively combat ransomware.
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