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PHOTO: JOHN G. MABANGLO/SHUTTERSTOCK
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Bitcoin ATM network said it delayed notifying nearly 27,000 customers of a data breach for a year at the request of law enforcement. Atlanta-based Bitcoin Depot said it detected a hack on June 23, 2024, and determined about three weeks later that personal information had been compromised.
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Federal law enforcement requested the company keep quiet about the incident until last month, while it conducted an investigation, Bitcoin Depot said.
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Within hours of Bitcoin Depot disclosing the breach, law firms were appealing online to anyone who received notice to explore suing the company.
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Fake Marco Rubio: Since mid-June, someone has been using AI to create deepfake audio impersonating U.S. Secretary of State Marco Rubio, and contacting domestic and foreign leaders. Fake text and voice messages on Signal claimed to be from Rubio, who also serves as national security adviser to President Trump. (Washington Post)
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Marks & Spencer Chairman Archie Norman said it could take up to 18 months for the U.K. retailer to receive any payouts from cyber insurance claims related to an April hack. The company last year doubled its cyber insurance coverage, he said. (Reuters)
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$4.2 Billion
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Amount raised by cybersecurity startups in the second quarter, according to research from Pinpoint Search Group, a recruiter in the cybersecurity and space sectors. That's up about 25% from the same period in 2024.
Cyber startups have raised $6.4 billion since Jan.1, Pinpoint said.
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The U.S. sanctioned key figures in a network of North Korean tech workers it said have generated revenue for the country’s regime, a move that comes amid continued concern about North Korean IT workers infiltrating U.S. companies.
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Treasury said the scheme involved recruiting North Korean nationals in China and Russia for employment at unwitting companies to generate cash for the North Korean regime. Some of the tech workers also planted malware into the duped companies’ systems, Treasury said.
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Italian police arrested a Chinese national accused by the U.S. of hacking more than more than 12,700 American universities and other organizations to steal Covid-19 research. The man and accomplices, known as the Hafnium hacking group, exploited bugs in Microsoft Exchange servers in 2020 and 2021, the Justice Department said Tuesday.
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PHOTO: ALLISON DINNER
/SHUTTERSTOCK
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Cyber boot camp settlement: The California Institute of Technology agreed to settle a 2023 class-action lawsuit over a cyber boot camp program whose marketing materials allegedly misled students about its ties to the university.
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The boot camp was run by education company Simplilearn, with thin ties to Caltech. The two agreed to pay a combined $400,000 to resolve the case, and neither admitted wrongdoing as part of the settlement. (New York Times)
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