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Dark Reading: Deepfake creation software is proliferating on the Dark Web, enabling scammers to carry out artificial intelligence (AI)-assisted financial fraud with previously unheard of creativity and scope.
BNN Bloomberg: A US operation disrupted a Chinese state-sponsored hacking effort in which spies hijacked a large network of devices to target water facilities and the power grid, among other targets, officials from the Federal Bureau of Investigation and the Department of Justice said.
SecurityWeek: The sanctioned individuals are both Egyptian nationals. One of them is Mu’min Al-Mawji Mahmud Salim, the creator of a platform named Electronic Horizons Foundation (EHF), which provides cybersecurity training and guidance to ISIS supporters.
Dark Reading: In a new filing with the US Southern District Court of New York, SolarWinds argued that the Securities and Exchange Commission was outside of its depth of expertise as well as its scope of authority in charging SolarWinds and its chief information security officer with mishandling the now-infamous, 2020, Russian-backed cyber espionage attack on its Orion platform.
CSO Online: It is as if a light went on within the Canadian government this month as it took steps to tighten control over the risk presented by China, Russia, and Iran to sensitive research being funded by the federal government.
PR Newswire: M|C Partners, a digital infrastructure and tech services private equity firm, has made a strategic growth investment in Consortium Networks, a national cybersecurity organization.
TechCrunch: Torq, a self-described “hyperautomation” cybersecurity startup, today announced that it raised $42 million in an extension to its Series B funding round from investors, including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners and Evolution Equity Partners.
Bleeping Computer: The U.S. Securities and Exchange Commission confirmed that its X account was hacked through a SIM-swapping attack on the cell phone number associated with the account.
Cybersecurity Dive: Security researchers and other analysts say the attack raises serious questions about the security of Microsoft products and whether the company is employing the same practices internally that it demands of customers.
City A.M: The boss of one of the world’s biggest cybersecurity companies has said he expects a surge in M&A activity in the sector in 2024. Nick Schneider, the chief executive of Arctic Wolf, which is valued at $4.3bn, told City A.M. that many potential buyers are “opportunistically” scouring the market.
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