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U.S. Sanctions 3 Cryptocurrency Exchanges for Helping Russia Evade Sanctions

U.S. Sanctions 3 Cryptocurrency Exchanges for Helping Russia Evade Sanctions

Mar 26, 2024 Money Laundering / Digital Currency
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned three cryptocurrency exchanges for offering services used to evade economic restrictions imposed on Russia following its invasion of Ukraine in early 2022. This includes Bitpapa IC FZC LLC, Crypto Explorer DMCC (AWEX), and Obshchestvo S Ogranichennoy Otvetstvennostyu Tsentr Obrabotki Elektronnykh Platezhey (TOEP). In all, the designations cover thirteen entities and two individuals operating in the Russian financial services and technology sectors. "Many of the individuals and entities designated today facilitated transactions or offered other services that helped OFAC-designated entities evade sanctions," the Treasury  said , adding the action seeks to "target companies servicing Russia's core financial infrastructure and curtail Russia's use of the international financial system to further its war against Ukraine." Bitpapa, which offers virtual currency excha
China-Linked Group Breaches Networks via Connectwise, F5 Software Flaws

China-Linked Group Breaches Networks via Connectwise, F5 Software Flaws

Mar 22, 2024 Cyber Defense / Vulnerability
A China-linked threat cluster leveraged security flaws in Connectwise ScreenConnect and F5 BIG-IP software to deliver custom malware capable of delivering additional backdoors on compromised Linux hosts as part of an "aggressive" campaign. Google-owned Mandiant is  tracking  the activity under its uncategorized moniker  UNC5174  (aka Uteus or Uetus), describing it as a "former member of Chinese hacktivist collectives that has since shown indications of acting as a contractor for China's Ministry of State Security (MSS) focused on executing access operations." The threat actor is believed to have orchestrated widespread attacks against Southeast Asian and U.S. research and education institutions, Hong Kong businesses, charities and non-governmental organizations (NGOs), and U.S. and U.K. government organizations between October and November 2023, and again in February 2024 using the ScreenConnect bug. Initial access to target environments is facilitated by t
U.S. EPA Forms Task Force to Protect Water Systems from Cyberattacks

U.S. EPA Forms Task Force to Protect Water Systems from Cyberattacks

Mar 20, 2024 Critical Infrastructure / Network Security
The U.S. Environmental Protection Agency (EPA) said it's forming a new "Water Sector Cybersecurity Task Force" to devise methods to counter the threats faced by the water sector in the country. "In addition to considering the prevalent vulnerabilities of water systems to cyberattacks and the challenges experienced by some systems in adopting best practices, this Task Force in its deliberations would seek to build upon existing collaborative products," the EPA  said . In a letter sent to all U.S. Governors, EPA Administrator Michael Regan and National Security Advisor Jake Sullivan highlighted the need to secure water and wastewater systems (WWS) from cyber attacks that could disrupt access to clean and safe drinking water. At least two threat actors have been linked to intrusions targeting the nation's water systems, including those by an Iranian hacktivist group named  Cyber Av3ngers  as well as the China-linked  Volt Typhoon , which has targeted commu
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Cybersecurity CPEs: Unraveling the What, Why & How

Cybersecurity CPEs: Unraveling the What, Why & How

Jun 10, 2024Cybersecurity / Exposure Management
Staying Sharp: Cybersecurity CPEs Explained Perhaps even more so than in other professional domains, cybersecurity professionals constantly face new threats. To ensure you stay on top of your game, many certification programs require earning Continuing Professional Education (CPE) credits. CPEs are essentially units of measurement used to quantify the time and effort professionals spend on maintaining and enhancing skills and knowledge in the field of cybersecurity, and they act as points that demonstrate a commitment to staying current. CPEs are best understood in terms of other professions: just like medical, legal and even CPA certifications require continuing education to stay up-to-date on advancements and industry changes, cybersecurity professionals need CPEs to stay informed about the latest hacking tactics and defense strategies. CPE credits are crucial for maintaining certifications issued by various cybersecurity credentialing organizations, such as (ISC)², ISACA, and C
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