Financial 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.

A joint takedown operation last year sought to disrupt Flax Typhoon’s compromise of hundreds of thousands of devices. The post U.S. sanctions take aim at Chinese company said to aid hackers’ massive botnet appeared first on CyberScoop.

However, less than 10% of the disclosures addressed the material impacts of the security incidents. The post Study finds ‘significant uptick’ in cybersecurity disclosures to SEC appeared first on CyberScoop.

The department’s Office of Foreign Assets Control said Guan Tianfeng used a zero-day exploit to deploy malware on 81,000 firewalls. The post Treasury sanctions Chinese cyber company, employee for 2020 global firewall attack appeared first on CyberScoop.

The rule would force data brokers to adhere to the same standards as established credit agencies. The post CFPB proposes new rule to regulate expansive data broker industry appeared first on CyberScoop.