 United States authorities announced that they have retrieved more than $15M in illicit proceeds. The funds came from the 3ve advertising fraud scheme. More: - 3ve scheme was dismantled in 2018 when authorities charged three individuals: Aleksandr Isaev, of Russia, and Sergey Ovsyannikov and Yevgeniy Timchenko, of Kazakhstan. Ovsyannikov and Timchenko were arrested in 2018 and extradited to the United States, where they pleaded guilty and have been sentenced. Isaev is still at large.
- The individuals used tens of command and control servers and accessed over 1.7 million infected systems in the U.S. and abroad, using hidden browsers on these machines to load ads into fabricated webpages. The scheme resulted in billions of fake ad views and in more than 86,000 domains being spoofed.
- Organizations paid nearly $30M for ads never viewed by real users, according to the U.S. Department of Justice. The U.S. stated that $15.1M of the funds were recovered from accounts that the threat actors had opened at banks in Switzerland.
- In 2018, authorities targeted the infrastructure used in the scheme, where they were able to sinkhole 23 domains and take over 89 servers related to the Kovter botnet that the group utilized as a part of its three-level attack. While investigating the 3ve fraud scheme, these authorities also identified the infrastructure associated with the Boaxxe ad fraud scheme and were able to dispatch it.
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 Microsoft's president stated that cybersecurity has become the new domain of warfare. Brad Smith based the remark on the Ukraine-Russia war. More: - Brad Smith stated that warfare has entered its fourth stage, cyberspace, during the Microsoft Envision conference held in the U.K.
- Smith said that even one week before the invasion began, the Ukrainian government ran entirely on-premise. When it realized this was dangerous, Microsoft helped the government move to the cloud, in addition to other parts of the country's economy.
- Microsoft has allegedly created an AI algorithm that can detect every school, hospital, police station, or any other key object that has been destroyed in a location due to war, with the intention of helping keep communities safe.
- The Microsoft chairman and president said that the company had already been proactive in this space by calling for a Digital Geneva Convention to "obligate governments to protect civilians in times of peace as well as war. It also helped set up the Cybersecurity Tech Accord, which involves 150 companies.
Zoom Out: - Microsoft is one of the leading companies in the cybersecurity space, having the top spot in M&A for 2021.
- Its cybersecurity business is growing faster than all of its other sectors, according to reports.
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 The Government of Canada announced that it will ban the use of Huawei and ZTE telecommunications equipment and services. The government cited security concerns as the reason. More: - The decision was made after Canada's top intelligence agencies deemed the companies as national security liabilities.
- Telecommunications service providers in Canada will no longer be permitted to use equipment or services from the two firms, and existing Huawei and ZTE equipment should be removed from all networks.
- Existing 5G equipment from Huawei and ZTE will have to be removed by June 28, 2024, while 4G equipment was given until Dec. 31, 2027. The procurement of new equipment and services from them must end by Sept. 1, 2022.
Zoom Out: - This move follows similar decisions from the United States, the U.K., Australia, New Zealand, and Japan.
- Germany, France, Belgium, Denmark, and Sweden have all expressed concerns over the security of telecom equipment coming from Huawei and ZTE and are considering bans.
- The U.S. has accused the two companies of intellectual property theft, research and development theft, backdoors in telecom equipment, spying, and violating U.S. sanctions on Iran. Chinese firms have denied all accusations, but they have failed to reverse these political decisions against them, resulting in a drop in revenue.
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 Revenge porn cases have risen in the U.K., doubling from the previous year. Scammers reportedly became more active during the pandemic. More: - The Revenge Porn Helpline in the United Kingdom stated that it received 1,124 reports of sextortion last year, compared to 593 in 2020. Nearly nine in 10 cases involved a male victim.
- Helpline officials said that these reports are a fraction of the real number of sextortion cases because of the huge amount of shame around falling prey to scammers.
- In 80% of cases, the perpetrator was a criminal gang, with 11% involving a current or former partner, while of the victims who did have their image released, four-fifths were women.
- The report claimed that around two-thirds of victims who made reports to police said they received a negative response, while a third of cases were dropped by victims for reasons like lack of anonymity and trust in police.
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 A new report showed that hackers could exploit smart farm machinery used to plant and harvest crops. Drones are also susceptible to hacks. More: - The analysis was published in the journal Nature Machine Intelligence and questioned whether enough attention is being paid to cyberattacks in the agro-space.
- Some of the risks from cyber-attackers include disrupting commercial farms using AI, poisoning datasets, and shutting down sprayers, autonomous drones, and robotic harvesters.
- To guard against these risks, the authors suggest that white hat hackers assist companies in uncovering security failings during the development phase.
Zoom Out: - The U.K. government and the FBI have warned that the number of cyber-attacks in the ag industry is growing.
- With the recent food crisis and supply chain issues, cyberattacks in the ag industry could prove to impact billions of people around the world.
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- Dig, a cloud data security company, announced its $11M seed funding round, led by Team8.
- The Cybersecurity and Infrastructure Security Agency (CISA), the National Security Agency, and the FBI, along with allied nations, published a Cybersecurity Advisory to raise awareness about the poor security configurations, weak controls, and other poor network hygiene practices.
- A woman in Pristina, Kosovo, was scammed by a fake online e-commerce website, losing over $20,000 as a result.
- Pro Russian hackers have attacked several Italian government websites. The attack comes shortly after Eurovision's averted attacks.
- The DOJ is instructing prosecutors not to use CFAA law in order to protect White hackers who fix visible vulnerabilities in government websites.
- Greenland has confirmed that all of its healthcare systems were hit by a cyberattack but has not confirmed whether the island was asked to pay a ransom.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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