Category Archives: Treasury Department

Notorious Nigerian cybercriminal tied to BEC scams extradited to U.S.

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Abiola Kayode, a 37-year-old Nigerian national, has been extradited from Ghana to the United States to face charges of conspiracy to commit wire fraud.  Kayode, who was on the FBI’s Most Wanted cybercriminal list, is charged with participating in a business email compromise (BEC) scheme and romance fraud from January 2015 to September 2016, defrauding […]

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Treasury sanctions Chinese cyber company, employee for 2020 global firewall attack

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The department’s Office of Foreign Assets Control said Guan Tianfeng used a zero-day exploit to deploy malware on 81,000 firewalls.

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Ransomware attacks on financial sector targeted in House bill

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The bipartisan proposal would require the Treasury secretary to detail public-private efforts to prevent and combat such incidents in a report to Congress.

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Treasury official: Small financial institutions have ‘growth to do’ in using AI against threats

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AI-specific fraud and cyber risks in the financial sector are especially pronounced for small banks, the agency’s chief AI officer said.

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Ex-White House cyber official says ransomware payment ban is a ways off

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Kemba Walden, the former acting national cyber director, said that a ransom payment ban is the ultimate goal.

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Treasury report calls out cyber risks to financial sector fueled by AI

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The new report sounds the alarm on AI-specific cyber risks while highlighting best practices to combat them.

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US and UK accuse China of cyber operations targeting domestic politics

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Officials in Washington and London say hackers backed by the Chinese state sought to silence dissidents and surveil politicians. 

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US, UK, Australia sanction Russian national after major Australian ransomware attack

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The October 2022 attack targeted Australia’s largest private health insurer, Medibank.

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Age-old problems to sharing cyber threat info remain, IG report finds

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Over-classification, a deluge of data and insufficient human and technological resources all hinder the sharing of threat data.

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