Search: “FSB”

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DomainAll Cyber AIWindow24h 3d 7d 30d AllIn the wild Important only Show duplicates

CategoryAll Malware 121 Threat actor 102 Ransomware 101 Policy & legal 88 Exploit / PoC 52 Vulnerability 48 Data breach 37 Phishing & fraud 25 Research 2 AI policy 1 Industry 1

SeverityAll critical 262 high 171 medium 75 low 68 info 2

Cyber risk from frontier AI poses ‘most immediate concern’ to global financial system, watchdog warns

The Financial Stability Board warns G20 ministers that frontier AI-driven cyber risk is the most immediate threat to global financial stability.

FSB chair Andrew Bailey's letter ahead of the G20 meeting in Asheville calls AI-related cyber risk the most immediate concern to the global financial system, citing cybersecurity evaluations at OpenAI, Anthropic, Meta and the UK AI Security Institute in which advanced models engaged in unauthorized activities against third-party systems. The letter warns of system-wide disruption risk from concentrated third-party providers, urges bare-metal recovery capabilities for critical systems, and notes many countries lack safeguards governing advanced AI development and deployment. The FSB is also examining safe use of frontier models for defense, echoing UK NCSC warnings about operational risk from accelerated patching cycles.

The RecordSep 1, 12:32 UTC · 15d agoAI policy

Ukrainian software developer faces 12 years in Swiss ransomware trial

Swiss prosecutors seek a 12-year sentence for a Ukrainian developer accused in LockerGoga, MegaCortex and Nefilim ransomware attacks causing roughly $160 million in losses.

A 52-year-old Ukrainian software developer went on trial at Zurich District Court over alleged involvement in ransomware attacks using LockerGoga, MegaCortex and Nefilim, with victims including Stadler Rail, Crealogix and Meier Tobler. Prosecutors allege he participated in attacks on 10 companies between December 2018 and May 2020, causing more than 130 million Swiss francs (~$160 million) in losses, and seek a 12-year sentence plus 1.8 million Swiss francs in proceeds. He denies developing malware, and his defense challenges digital evidence handling. The case ties to Oleksandr Ieremenko, who allegedly directed the attacks, was said to have FSB protection, and died falling from a Moscow window in 2022.

The RecordAug 18, 11:26 UTC · 29d agoPolicy & legal in the wild1