Romania and UK Arrest 14 in British Tax Repayment Scam Probe

Mathew J. Schwartz • July 11, 2025

Police on Thursday arrested 13 individuals in Romania and one in England on suspicion of engaging in a massive tax fraud scheme against Britain. The arrests appear to be tied to a gang that used phishing attacks against British taxpayers to steal $63 million via fraudulent tax claims.

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Fraud Management & Cybercrime

Profits Over Consumer Protection? HSBC's Legal Challenge

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Artificial Intelligence & Machine Learning

UK Creative Community, Big Tech Resume AI Copyright Talks

Akshaya Asokan • July 18, 2025

The U.K. government on Wednesday began its latest round of talks between creative owners and the artificial intelligence sector to work out a potential deal on the use of copyrighted content to train AI models. The discussions follow two previous failed attempts.

Cryptocurrency Fraud

Cryptohack Roundup: Abacus Market's Suspected Exit Scam

Rashmi Ramesh • July 17, 2025

Abacus Market's suspected exit scam, crypto scammer gets 12 years for dodging restitution, GMX exploiter returns funds, BigOne's $27M hack, Arcadia Finance's $3.5M theft, NZ woman's trial for alleged murder and a DOJ crypto fraud filing's potential unmasking of MoonPay victims.

Governance & Risk Management

Lansweeper Purchases Redjack to Strengthen Asset Discovery

Michael Novinson • July 17, 2025

Lansweeper has acquired Redjack to combine detailed scanning with passive discovery, offering real-time asset inventories that fuel zero trust, business continuity and attack surface management. The combined offering enhances support for cybersecurity through automation and real-time data.

Next-Generation Technologies & Secure Development

iCounter Debuts With Mission to Defeat AI-Enabled Threats

Michael Novinson • July 16, 2025

Former FireEye and Mandiant leader John Watters unveils iCounter, a new cyber risk intelligence startup focused on targeted attacks and AI-enabled adversaries. Backed by Syn Ventures, the firm aims to transform threat detection with deeper visibility into attacker reconnaissance.

US Cyber Diplomacy at Risk Amid State Department Shakeup

Chris Riotta • June 27, 2025

Current and recent former Department of State staffers told Information Security Media Group the agency is preparing to implement layoffs and begin a reorganization despite a San Francisco federal district court order blocking across-the-board layoffs at federal agencies.

Blockchain & Cryptocurrency

Cryptohack Roundup: Malware Targets Wallets Via Photos

Rashmi Ramesh • June 26, 2025

This week, a new malware targeted crypto wallets via photos, CoinMarketCap faced attack, BitoPro blamed Lazarus for heist, Trezor warned of phishing scam, France saw another crypto kidnapping, cops re-arrested teen after second theft, Hacken blamed human error for exploit and Self Chain ousted CEO.

Clearspeed Raises $60M to Scale AI Voice-Based Risk Platform

Michael Novinson • June 25, 2025

Clearspeed will use its $60 million raise to build out teams and technology as it scales its AI-powered voice screening platform across finance, insurance and security sectors. CEO Alex Martin said the firm aims to double revenue and push into conservative sectors seeking AI-powered trust solutions.

Agentic AI

Agentic AI Security Gets Fuel With Snyk's Invariant Labs Buy

Michael Novinson • June 24, 2025

To safeguard AI-native apps, Snyk has acquired Swiss startup Invariant Labs, whose experts pioneered research into vulnerabilities in agentic workflows. Snyk plans to integrate these capabilities across its developer-first security platform, starting with design partners.

Artificial Intelligence & Machine Learning

Why AI Needs Stronger Laws, Not Just Smarter Tech

Akshaya Asokan • June 12, 2025

AI misuse - from deepfakes to cyber incidents - continues to outpace regulation. Andrea Isoni, chief AI officer at AI Technologies discusses why stronger cyber laws, certification frameworks like ISO 42001 and risk-based prioritization are necessary to manage AI risks safely and compliantly.

Cybercrime

Infostealer Malware Targeted by Police in Operation Secure

Mathew J. Schwartz • June 11, 2025

Interpol on Wednesday unveiled Operation Secure, an information-stealing malware crackdown that it coordinated, resulting in the arrest of 32 suspects and the seizure of over 20,000 malicious IP addresses and 41 servers tied to infostealer-fueled crime.

Agentic AI

Beyond Generic Chatbots: Rise of Industry-Specific AI Agents

Sandhya Michu • June 6, 2025

As companies shift away from broad, general-purpose AI tools, Iksha Labs CEO Hitesh Ganjoo says the future lies in domain-specific agents such as Rumi, an AI hiring coworker that's transforming interviews with speed and consistency.

Cybercrime

AT&T Hit by Massive Reported Identity Data Leak - Again

Chris Riotta • June 5, 2025

Hackers have seemingly re-released a refined trove of 86 million AT&T records, including decrypted Social Security numbers and full identity data, heightening the risk of fraud and impersonation for tens of millions of users as researchers cite structural improvements in the dataset.