EU officials announced a compromise over a regulation on artificial intelligence in the works since 2021, making the trading bloc first in the world to comprehensively regulate the nascent technology. Europe understands "the importance of its role as global standard setter,” said Thierry Breton.
The FBI outlined procedures for publicly traded companies to invoke a delay in reporting material cybersecurity incidents to investors as required under a U.S. SEC rule. Regulators allow companies a pause of up to 60 business days and up to 120 business days for a substantial national security risk.
The British antitrust authority is conducting a preliminary review of Microsoft's interest in OpenAI. The agency will examine whether the companies' partnership means Microsoft has material influence or whether it in effect controls more than half of OpenAI voting rights.
The U.K. government accused Russia's domestic intelligence agency of running a yearslong campaign to interfere in British politics. U.S. federal prosecutors unsealed a criminal indictment against two FSB agents, accursing them of phishing campaigns against national security government employees.
Whether because they're malicious, oblivious to company rules or outsmarted by hackers, insiders pose a mounting degree of risk to companies. Hunting for outside hackers offers lessons in preventing insider incidents, said Thomas Etheridge, CrowdStrike chief global professional services officer.
Russian military intelligence hackers active in Poland are exploiting a patched flaw in Microsoft Outlook, say cyber defenders from Redmond and Warsaw. Microsoft in a Monday post identifies the hackers as Forest Blizzard, also known as APT28 and Fancy Bear.
A Russian national pleaded guilty in U.S. federal court for his role in developing TrickBot. Operators of the malware targeted hospitals and healthcare centers with ransomware attacks during the height of the novel coronavirus pandemic. Vladimir Dunaev faces up to 35 years in prison.
The U.S. federal government Wednesday added cryptocurrency mixer Sinbad.io to a growing blacklist of virtual asset platforms under sanctions that prevent Americans from doing business with them. The FBI seized the Sinbad website in an international operation.
The world's largest cryptocurrency exchange will withdraw from the U.S. market after now-former chief executive officer Changpeng Zhao pleaded guilty to felony money laundering charges in a U.S. court and the company agreed to pay $4.3 billion into federal coffers.
Binance Chief Executive Changpeng Zhao will plead guilty to violating anti-money laundering statutes in U.S. federal court in a settlement ending an investigation into illicit transactions at the world's largest cryptocurrency exchange. The company will pay $4.3 billion in fines and forfeiture.
A ransomware attack affecting the New York financial services subsidiary of the Industrial and Commercial Bank of China resulted in disruptions to the U.S. Treasury market. Close observers of the criminal underground say ransomware-as-a-service group LockBit is responsible.
The Biden administration is backing down from efforts to make cybersecurity a component of safety assessments of water systems, months after federal judges ordered the EPA to halt those efforts. The agency said it would make the security of operational technology a factor in sanitary surveys.
Tens of thousands of knockoff Android products manufactured in China including TV streaming boxes reached consumers infected with malware, say cybersecurity researchers. Human Security says it uncovered a related operation that earned millions per month in an online advertising fraud scheme.
Sony is investigating an apparent leak of internal data posted onto the dark web and a criminal hacking board by separate criminal actors. Sony is saying little other than, "We are currently investigating the situation, and we have no further comment at this time."
Chinese espionage hackers behind an eight-month campaign to hack Barracuda email security appliances intensified their focus on high-priority targets around the time the company moved to fix the zero-day flaw behind the campaign. A custom backdoor suggests China was prepared for remediation efforts.