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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
Hackers Try to Target European Officials to Get Info on Ukrainian Refugees, Supplies

Hackers Try to Target European Officials to Get Info on Ukrainian Refugees, Supplies

Mar 02, 2022
Details of a new nation-state sponsored phishing campaign have been uncovered setting its sights on European governmental entities in what's seen as an attempt to obtain intelligence on refugee and supply movement in the region. Enterprise security company Proofpoint, which detected the malicious emails for the first time on February 24, 2022, dubbed the social engineering attacks " Asylum Ambuscade ." "The email included a malicious macro attachment which utilized social engineering themes pertaining to the Emergency Meeting of the NATO Security Council held on February 23, 2022," researchers Michael Raggi and Zydeca Cass  said  in a report published Tuesday. "The email also contained a malicious attachment which attempted to download malicious Lua malware named SunSeed and targeted European government personnel tasked with managing transportation and population movement in Europe." The findings build on an  advisory  issued by the State Service
Cybersecurity Firm Group-IB's CEO Arrested Over Treason Charges in Russia

Cybersecurity Firm Group-IB's CEO Arrested Over Treason Charges in Russia

Sep 30, 2021
Russian authorities on Wednesday  arrested  and detained Ilya Sachkov , the founder of cybersecurity firm Group-IB, for two months in Moscow on charges of state treason following a search of its office on September 28. The Russian company, which is headquartered in Singapore, confirmed the development but noted the "reason for the search was not yet clear,"  adding  "The decentralized infrastructure of Group-IB allows us to keep our customer's data safe, maintain business operations and work without interruption across our offices in Russia and around the world." Group IB said the raids at its Moscow office had commenced on Tuesday, with law enforcement authorities leaving that same evening. Kremlin Spokesman Dmitry Peskov said the government was aware of the arrest but that it had no additional details about the case, Russian state news agency TASS  reported . The cybersecurity company  relocated  to Singapore in late 2018 as part of its attempts to distan
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What's the Right EDR for You?

What's the Right EDR for You?

May 10, 2024Endpoint Security / Threat Detection
A guide to finding the right endpoint detection and response (EDR) solution for your business' unique needs. Cybersecurity has become an ongoing battle between hackers and small- and mid-sized businesses. Though perimeter security measures like antivirus and firewalls have traditionally served as the frontlines of defense, the battleground has shifted to endpoints. This is why endpoint detection and response (EDR) solutions now serve as critical weapons in the fight, empowering you and your organization to detect known and unknown threats, respond to them quickly, and extend the cybersecurity fight across all phases of an attack.  With the growing need to defend your devices from today's cyber threats, however, choosing the right EDR solution can be a daunting task. There are so many options and features to choose from, and not all EDR solutions are made with everyday businesses and IT teams in mind. So how do you pick the best solution for your needs? Why EDR Is a Must Because of
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