Financial Cyberscoop

A $90 million crypto theft from Nobitex marks the second cyberattack on Iran’s financial systems in as many days. Predatory Sparrow claimed responsibility for both attacks. The post Iran’s financial sector takes another hit as largest crypto exchange is targeted appeared first on CyberScoop.

The attack introduces a clear cyber element with immediate consequences for the country’s critical infrastructure amid a growing conflict between Israel and Iran. The post Iran’s Bank Sepah disrupted by cyberattack claimed by pro-Israel hacktivist group appeared first on CyberScoop.

Congress should use renewal of an expiring terrorism insurance program to create a federal backstop for cybersecurity insurance, according to a report out Tuesday that tries to thread many difficult needles to bolster an industry that its author says isn’t developing fast enough. In an ideal world, cybersecurity insurance can be a valuable tool to The post Federal cyber insurance backstop should be tied to expiring terrorism insurance law, report recommends appeared first on CyberScoop.

The move last week came amid the pullback of other SEC regulations. The post SEC withdraws cyber rules for investment companies, advisers appeared first on CyberScoop.

The move indicated at least some resistance to the president’s CISA reduction goal, but Democrats still said that was too steep for the agency’s fiscal 2026 funding legislation. The post House committee sets CISA budget cut at $135M, not Trump’s $495M appeared first on CyberScoop.

Authorities said they froze and seized the allegedly illegally obtained funds when North Korean nationals attempted to launder money linked to the long-running conspiracy. The post DOJ seizes $7.7M from crypto funds linked to North Korea’s IT worker scheme appeared first on CyberScoop.

The fate of the fiscal 2026 budget blueprint, which includes a $495 million reduction for the agency, is uncertain. The post Trump budget proposal would slash more than 1,000 CISA jobs appeared first on CyberScoop.

The largest cryptocurrency exchange in the U.S. said cybercriminals bribed insiders to steal data on customers, some of whom were duped into handing over crypto assets. The post Coinbase flips $20M extortion demand into bounty for info on attackers appeared first on CyberScoop.

The benefits of cybercrime aren’t all flashy cars and watches. Sophos X-Ops researchers discovered it also fuels a far-reaching mix of ordinary, sometimes unremarkable businesses. The post Who needs VC funding? How cybercriminals spread their ill-gotten gains to everyday business ventures appeared first on CyberScoop.

U.S.-based cybersecurity firm ReliaQuest has secured a significant funding boost with a new investment round totaling over $500 million, elevating the company’s valuation to $3.4 billion. The funding round was led by global investors EQT Partners, KKR, and FTV Capital, alongside existing investors Ten Eleven Ventures and Finback Investment Partners. This fresh capital injection underscores The post ReliaQuest secures $500 Million in funding, boosting AI-driven cybersecurity operations appeared first on CyberScoop.