Financial Securtity | Breaking Cybersecurity News | The Hacker News

A global law enforcement operation has led to the arrest of more than 5,500 suspects involved in financial crimes and the seizure of more than $400 million in virtual assets and government-backed currencies. The coordinated exercise saw the participation of authorities from 40 countries, territories, and regions as part of the latest wave of Operation HAECHI-V , which took place between July and November 2024, INTERPOL said. "The effects of cyber-enabled crime can be devastating – people losing their life savings, businesses crippled, and trust in digital and financial systems undermined," INTERPOL Secretary General Valdecy Urquiza said in a statement. "The borderless nature of cybercrime means international police cooperation is essential, and the success of this operation supported by INTERPOL shows what results can be achieved when countries work together. It's only through united efforts that we can make the real and digital worlds safer." As part of H...