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Financial regulators in Canada this week levied $176 million in fines against Cryptomus, a digital payments platform that supports dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The penalties for violating Canada’s anti money-laundering laws come ten months after KrebsOnSecurity noted that Cryptomus’s Vancouver street address was home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which were physically located there. On October 16, the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) imposed a $176,960,190 penalty on Xeltox Enterprises Ltd., more commonly known as the cryptocurrency payments platform Cryptomus. FINTRAC found that Cryptomus failed to submit suspicious transaction reports in cases where there were reasonable grounds to suspect that they were related to the laundering of proceeds connected to…

Financial regulators in Canada this week levied $176 million in fines against Cryptomus, a digital payments platform that supports dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The penalties for violating Canada’s anti money-laundering laws come ten months after KrebsOnSecurity noted that Cryptomus’s Vancouver street address was home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which were physically located there. On October 16, the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) imposed a $176,960,190 penalty on Xeltox Enterprises Ltd., more commonly known as the cryptocurrency payments platform Cryptomus. FINTRAC found that Cryptomus failed to submit suspicious transaction reports in cases where there were reasonable grounds to suspect that they were related to the laundering of proceeds connected to…

Threat actors with ties to North Korea have been attributed to a new wave of attacks targeting European companies active in the defense industry as part of a long-running campaign known as Operation Dream Job. "Some of these [companies' are heavily involved in the unmanned aerial vehicle (UAV) sector, suggesting that the operation may be linked to North Korea's current efforts to scale up its

Criminals don’t need to be clever all the time; they just follow the easiest path in: trick users, exploit stale components, or abuse trusted systems like OAuth and package registries. If your stack or habits make any of those easy, you’re already a target. This week’s ThreatsDay highlights show exactly how those weak points are being exploited — from overlooked