The bust of the illegal Cracked and Nulled crime forums evidences the global nature of cybercrime and the impossibility of seeing it as a threat that has no regard for national boundaries. Although at least 17 million US citizens were victims of the crime forums. law enforcement agencies in the United States, Romania, Australia, France, Germany, Spain, Italy, and Greece were all involved in the bust, according to the US Department of Justice.
The European Union (EU) Council has made a last-minute withdrawal of the EU’s highly controversial planned “Chat Control” legislation, which was due to vote yesterday. This would have effectively introduced mass digital surveillance by means of fully automated real-time monitoring of all messaging and chats. The EU would appear to finally have heeded the harsh warnings that have been coming from the cybersecurity and communication sectors since the controversial ruling was first proposed in 2022. For the six months prior to Thursday’s decision, the EU Belgian Council presidency has been sitting on a deadlock between EU countries. Germany and Poland have heeded privacy experts' warnings of a potential police state. But Ireland and Spain are pressing for draconian new online laws to fight a rise in online child sexual abuse material that has grown since the start of Europe’s widespread lockdowns two and a half years ago.
In the wake of Telegram owner and founder Pavel Durov’s shock arrest in Paris on Saturday, the French state is being hit by a growing wave of cyber-attacks designed to cause maximum embarrassment to beleaguered French president Emmanuel Macron. Durov was released from police custody in France on Wednesday and has been transferred to court for questioning ahead of a possible indictment that could result in a long prison sentence. A post on X by SaxX, reportedly the nom de Twitter of cybersecurity consultant Clément Domingo, listed 10 websites in France that bore the brunt of the first wave of cyber-attacks orchestrated by a new online hacktivist group, #opDurov.
According to a survey from Coro, 73% of SME cybersecurity professionals admittedly say that they've missed, ignored, or failed to act accordingly on a high-priority security alert. The survey also found respondents to spend an average of 4 hours and 43 minutes managing their cyber security tools daily, with an average of 11.55 tools in their security stack.
Specialists from the Netherlands' Military Intelligence and Security Service (MIVD) and the General Intelligence and Security Service (AIVD) announced a Chinese nation-state-sponsored malware 'Coathanger' and its breach on the Dutch Ministry of Defense (MoD). The stealthy 'Coathanger' malware's code revealed a remote access trojan (RAT) specifically built to infiltrate Fortinet's FortiGate firewalls through the 'CVE-2022-42475' vulnerability, which resulted in stolen user account credentials from the Dutch MoD's servers.
Next Wednesday will see the last round in a “King Kong meets Godzilla"-style contest between the European Union and the global technology sector over proposed regulations from Brussels to control AI. The opening rounds have been fought by lawyers, lobbyists, and bureaucrats over the monitoring of foundation model AI services such as GPT-4, access to source codes, fines for disobeying the Brussels rulings, and other related topics. However, EU member states France, Germany, and Italy are known to be opposed to the EU’s proposed rulings and to favor self-legislation by the technology sector, as opposed to being constrained by hard rules dictated by Brussels. French AI company Mistral and Germany's Aleph Alpha have criticized the EU’s tiered approach to regulating foundation models, defined as those with more than 45 million users.
The verdict on artificial intelligence (AI) from the real experts is finally in; professional cybercriminal fraternities have judged AI to be “overrated, overhyped and redundant,” according to fresh research from cybersecurity firm Sophos. It has, hitherto, been accepted wisdom in the cybersecurity industry that cybercriminals, free from any regulatory authority or moral scruples, were among the first to harness the awesome power of AI to create bespoke and virtually unstoppable malware. However, having infiltrated the Dark Web forums where top professional cybercriminals discuss their trade, Sophos reports that the cybercrime sector has thoroughly tested the capabilities of AI and found it wanting.
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