Widespread Chinese Ad Fraud is a Boon for Meta’s Bottom Line
The social-media giant Meta has tolerated widespread advertising fraud tied to Chinese customers in order to protect billions of dollars in revenue, even after internal teams repeatedly flagged the activity as problematic, Reuters reported.
China Has Access to Unencrypted Communications of Nearly Every American: Senator
A top Democratic senator has warned that Chinese intelligence is still inside U.S. telecommunications networks as part of a sweeping cyber campaign known as “Salt Typhoon,” saying the operation gives Beijing access to the unencrypted communications of almost anyone in America, the Financial Times reported.
US, UK and Australia Blacklist Russian ‘Bulletproof’ Hosting Firms Tied to Ransomware Attacks
The United States, Britain and Australia have imposed coordinated sanctions on Russian technology companies and individuals accused of providing key online infrastructure for ransomware and other cyberattacks, Reuters reported.
Ex-Director of U.S. Defense Contractor Pleads Guilty to Selling Trade Secrets
A former director at Trenchant, an L3Harris Technologies subsidiary that develops offensive cyber tools, pleaded guilty Wednesday to stealing and reselling trade secrets worth $35 million to a Russian broker whose clients include the Russian government, Bloomberg reported.
U.S. Cybersecurity Agency Warns of “Catastrophic” Fallout from F5 Hack
Nation-state hackers gained “long-term, persistent access” to systems at cybersecurity vendor F5 Inc., stealing portions of BIG-IP source code, internal vulnerability information, and limited customer configuration data, Bloomberg reported, citing regulatory filings.
Microsoft Warns “Payroll Pirate” Scam is Rerouting Paychecks via HR Portals
Microsoft is warning organizations about an active campaign dubbed “Payroll Pirate” that hijacks employee accounts on cloud HR platforms and diverts direct-deposit paychecks, Ars Technica reported.