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Officials: Iran has laid groundwork for extensive cyberattacks on US

“Current and former U.S. officials noted that Iran has a history of using cyberattacks to retaliate against such actions” writes Aol Staff for aol.com. U.S. intelligence officials recently have observed Iranian hackers probing America’s electric grid, which cyber experts say they have done in the past.ASPEN, Colo. — Iranian hackers have laid the groundwork to carry out extensive cyberattacks on U.S. and European infrastructure and private companies, and the U.S. is warning allies, hardening its defenses and weighing a counterattack, say multiple senior U.S. officials.U.S. intelligence had previously warned about…

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Rosenstein defends charging foreign agents US can’t arrest…

“Rosenstein is defending the prosecution of foreign agents who may never see the inside of a U.S. courtroom” writes Desmond Butler for yahoo.com. He offered a rebuttal to criticism that charging foreign agents involved in cyber-attacks or covert campaigns to sow dissent is futile if they are unlikely to be extradited.Rosenstein signaled a more active approach by the Justice Department to counter foreign influence and cyber operations. Source: yahoo.com Share This:

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Prosecutors: Russian hackers exploit US cyber vulnerability

“From April to June 2016, the hackers installed updated versions of their software on at least 10 Democratic computers” writes The Associated Press for seattletimes.com. The indictment also shows the reliance of Russian government hackers on American technology companies such as Twitter, to spread its stolen documents.Meanwhile, around the same time, the hackers broke into 33 DNC computers and installed their software on their network. Source: seattletimes.com Share This:

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Russian cyber hackers ‘targeted’ police inquiry into Skripal nerve agent attack

“Police believe that Russian-based hackers tried to infiltrate the investigation into the nerve agent attack in Salisbury, which targeted the former Russian spy Sergei Skripal and his daughter Yulia” writes Chief Reporter for telegraph.co.uk. Officers believe that Russians had tried to compromise cyber security systems at the Metropolitan Police about a fortnight ago at about the time that Ms Sturgess and Mr Rowley were… Source: telegraph.co.uk Share This:

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U.S. intel chief warns of devastating cyber threat to U.S. infrastructure

“Petersburg-based “troll factory” indicted by a federal grand jury in February as part of Special Counsel Robert Mueller’s investigation into alleged Russian election meddling” writes Midwest Communications Inc for 95kqds.com. WASHINGTON (Reuters) – The U.S. intelligence chief warned on Friday that the threat was growing for a devastating cyber assault on critical U.S. infrastructure, saying the “warning lights are blinking red again” nearly two decades after the Sept. 11, 2001, attacks.Coats warned that the possibility of a “crippling cyber attack on our critical infrastructure” by a foreign actor is growing. Source:…

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Crypto News 

Why Bitcoin investors are prime targets for scammers – and how to avoid becoming ‘crypto-bait’

“Cryptocurrency investors who have bought Bitcoin in recent months are prime targets for hackers, causing online exchanges to beef up security measures” writes Alistair Cox for telegraph.co.uk. The influx over the last year of “inexperienced” cryptocurrency users entering the space has meant an uptick in phishing scams, cyber security company Elliptic has said.One scam in particular used Google Ads to advertise well-known cryptocurrency exchanges, Elliptic’s Tom Robinson said. According to Risk IQ’s Fabial Libeau, both new and experienced crypto investors can be “duped” by phishing attacks. Source: telegraph.co.uk Share This:

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Canada Finance Department Assesses Cyberattack Risk

“Internal documents seen by reporters revealed concerns of a cyberattack that the Finance Department did not disclose publicly” reports pymnts.com. Internal analysis at Canada’s federal Department of Finance is warning of the risk of a cyberattack that could have significant effects on the entity, reports in The Globe and Mail said on Wednesday (July 11).The document, prepared in February for Deputy Finance Minister Paul Rochon, includes a list of seven key risks ranked in terms of significance.The document also issued a strategy to mitigate these risks, an initiative that includes…

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Market report: Cyber crime fears fuel Softcat growth

“Softcat has seen growth accelerate from companies bolstering their cyber defences amid a wave of attacks on corporate giants, including Reckitt Benckiser and Dixons Carphone” writes Sanjeev Gupta for telegraph.co.uk. IT infrastructure firm Softcat topped the FTSE 250 leaderboard after it continued to benefit from a surge in companies scrambling to protect themselves from rising cyber attacks and new data protection laws.Upgrading the company to its “outperform” list, Credit Suisse told clients that the “broad-based” growth was “payback” for investments as Softcat jumped 50p to 761p.Just over a month after…

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Bancor loses $12.5M worth of Ethereum to cyber baddies in overnight raid

“No word as to whether an official wallet played a role in the hack, as Bancor are yet to provide updates of their investigation” writes July Utc for thenextweb.com. Initially described as a “security breach,” Bancor eventually revealed the hackers exploited a compromised wallet, inserting malicious code in certain smart contracts which “allowed the withdrawal of almost 25,000 Ethereum tokens (approximately $12.5 million).Bancor claims that no user wallets have been compromised, but have been consistently offline since retreating into maintenance mode this morning.Some plucky investigators have tracked down the exact…

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ThetaRay Raises $30 Million in Oversubscribed Round Backed by OurCrowd

“ThetaRay, an AI and big data analytics in the cyber crime prevention space, has closed on a funding round of $30 million” writes Jd Alois for crowdfundinsider.com. Mark Gazit, CEO of ThetaRay, said that in this era when criminal activity and money laundering are prevelant and more sophisticated there is a greater need for their solutions.ThetaRay recently won The Asian Banker Risk Management Award for the best technological solution to comply with regulation of financial institutions. Source: crowdfundinsider.com Share This:

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