The FCC has officially voted to restore net neutrality, which is important for consumers to understand. SK Hynix has seen a significant increase in profits due to the high demand for AI and memory chips. Many IT leaders are skeptical of the government's ability to defend against cyberwarfare. Stripe has started accepting USDC payments again after a six-year break. There is a growing threat of mobile banking trojans, posing a challenge for security software. Russian spies have breached Microsoft and stolen emails from the US government, prompting the need for urgent security measures. State-sponsored cybercriminals are seen as a major threat to election security in 2024. Employers in the tech industry are looking for individuals with AI or AI-enhanced skills. Apple is focusing on OpenELM and pushing for locally-run generative AI on their devices. Vietnam is becoming a popular destination for tech companies looking to diversify away from China, impacting Apple and the global supply chain. A global cybercrime network called LabHost was shut down by international police, costing $1 million a month. Google fired 50 employees for protesting against an Israel cloud deal. Startups can benefit from the FTC ban on noncompete agreements and prepare for potential legal challenges. Elon Musk's xAI is raising $6 billion in funding, with X Social Network becoming a shareholder. Jackson County, Missouri declared a state of emergency due to a ransomware attack on key IT systems. North Korean hackers targeted defense companies in South Korea in a major cyberattack campaign. Chinese and Russian hackers are using zero-day vulnerabilities and edge device attacks in their cybercrime tactics. Major security flaws in Chinese keyboard apps have put 1 billion users at risk. Law enforcement officials shut down a global phishing service that was used by 2,000 hackers and cost $249 a month.
Law enforcement agencies from 19 countries collaborated to shut down a website that was profiting from selling phishing kits to cybercriminals. These kits were utilized by criminals to carry out attacks on a wide range of people worldwide, leading to substantial financial profits.
The Metropolitan Police in the UK recently carried out an operation targeting LabHost, a platform that was created in 2021 to help hackers create fake websites. These websites were designed to trick people into sharing sensitive information like email addresses, passwords, and banking details.
According to the Metropolitan Police, they arrested 37 individuals and carried out searches at more than 70 locations in the UK and worldwide between Sunday and Wednesday.
LabHost has received close to £1 million ($1,173,000) in payments from criminal users since its inception. The London police have identified a number of these users, with a total of 2,000 individuals signed up on the site and making monthly payments.
LabHost announced that they had obtained a large number of bank card numbers, pin numbers, and passwords for multiple websites and online services.
Europol, which is the law enforcement agency for the European Union, worked together with different international agencies such as the US Secret Service and FBI, as well as authorities from countries like Australia and Finland. A statement from Europol reported that four people connected to running LabHost, including the person who created the service, were arrested.
Europol discovered that LabHost was operating more than 40,000 phishing domains, which were being utilized by around 10,000 individuals worldwide during their investigation.
LabHost provides a range of customizable illegal services that can be tailored to individual needs for a monthly fee of approximately $249. Setting up these services is quick and easy, requiring just a few clicks.
Individuals who engaged in criminal activities and signed up for various service packages were able to target a larger variety of organizations, such as banks, postal services, and communication companies.
Europol offers a range of services, one of which is LabRat, a tool designed to help criminals manage and control phishing attacks in real time. LabRat was specifically developed to bypass advanced security features such as two-factor authentication.
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Recent news
Apple is changing its strategy by promoting OpenELM and advocating for locally-operated generative AI on Apple devices.
Vietnam is becoming a popular choice for tech companies looking to move away from China, which could have implications for Apple and the global supply chain.
Google has terminated 50 employees who protested against a cloud deal with Israel, prompting organizers to share their thoughts.
The future of noncompete agreements is uncertain, but startups can benefit from the FTC ban and prepare for potential legal challenges.
Elon Musk's xAI Ventures is moving towards a $6 billion funding round, with the X Social Network now a shareholder.
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