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Interpol Arrests Over 1,000 Cyber Criminals From 20 Countries; Seizes $27 Million

Interpol Arrests Over 1,000 Cyber Criminals From 20 Countries; Seizes $27 Million

Nov 29, 2021
A joint four-month operation coordinated by Interpol, the international criminal police organization, has culminated in the arrests of more than 1,000 cybercriminals and the recovery of $27 million in illicit proceeds. Codenamed " HAECHI-II ," the crackdown enabled law enforcement units from across 20 countries, as well as Hong Kong and Macao, close 1,660 cases alongside blocking 2,350 bank accounts linked to the fraudulent illicit funds amassed from a range of online financial crimes, such as romance scams, investment fraud, and money laundering associated with illegal online gambling. "The results of Operation HAECHI-II show that the surge in online financial crime generated by the COVID-19 pandemic shows no signs of waning,"  said  Interpol Secretary General Jürgen Stock in a press statement issued on November 26. The coordinated law enforcement probe took place over a period of four months, starting from June 2021 until September 2021, with ten new criminal
New U.S. Government Initiative Holds Contractors Accountable for Cybersecurity

New U.S. Government Initiative Holds Contractors Accountable for Cybersecurity

Oct 07, 2021
The U.S. government on Wednesday announced the formation of a new Civil Cyber-Fraud Initiative that aims to hold contractors accountable for failing to meet required cybersecurity requirements in order to safeguard public sector information and infrastructure. "For too long, companies have chosen silence under the mistaken belief that it is less risky to hide a breach than to bring it forward and to report it,"  said  Deputy Attorney General Monaco in a press statement. "Well that changes today, [and] we will use our civil enforcement tools to pursue companies, those who are government contractors who receive federal funds, when they fail to follow required cybersecurity standards — because we know that puts all of us at risk." The Civil Cyber-Fraud Initiative is part of the U.S. Justice Department's (DoJ) efforts to build resilience against cybersecurity intrusions and holding companies to task for deliberately providing deficient cybersecurity products or
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