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Reading: UK Takes Down Russian Money Laundering Ring – December 5th
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One Minute RoundupNews

UK Takes Down Russian Money Laundering Ring – December 5th

Editorial Team
December 5, 2024 at 12:36 PM
By Editorial Team Editorial Team
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FBI Warns on GenAI Fraud Schemes

The FBI warns the public about rising fraud schemes using generative artificial intelligence. The FBI observed that GenAI can be utilized by hackers to create fraudulent social media accounts, generate false websites to entice cryptocurrency investors, and create AI chatbots in order to lure victims into clicking malicious links.

 

UK Takes Down Russian Money Laundering Ring

UK’s National Crime Agency (NCA) announced the disruption of a multi-billion dollar Russian money laundering network. The investigation, named “Operation Destabilise,” has garnered 84 arrests and the seizure of over $25 million in cash and cryptocurrency.

 

Kremlin-Backed ‘BlueAlpha’ Found to Use CloudFlare

A report from InsiktGroup shows that Kremlin-backed hacker group BlueAlpha has been utilizing network service CloudFare in order to administer targeted cyber attacks. According to the report, the threat actor group abuses CloudFare’s secure tunneling services to hide their servers and connections, enabling them to carry out malware campaigns against individuals and organizations in the Ukraine more effectively.

TAGGED: bluealpha, artificial intelligence, generative ai, cloudflare, money laundering, federal bureau of investigation, united kingdom, financial fraud, Cybersecurity, kremlin, cybercrime, scams, russia
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