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11/24/2021
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WorkScoop
Findings provided to CyberScoop show how internet fraudsters are capitalizing on the latest currency craze. Apple is suing an Israeli spyware maker. And an update about ransomware reporting legislation. This is CyberScoop for November 24, 2021.

Crypto scammers made $240k in a month

Scammers are tricking investors interested in Shiba Inu virtual currency into handing over their coin in the false promise of a “giveaway” that will double what they send. Scams have earned $239,000 worth of cryptocurrency since Oct. 20, based on an analysis of online wallet addresses associated with nefarious Shiba Inu-themed pages, according to Satnam Narang, a researcher at Tenable. While Shiba might be the latest virtual currency to attract cybercriminals preying on investors, it’s only the latest evolution in a growing problem. The FTC in May reported a record of more than $80 million in reported consumer losses from cryptocurrency fraud. Tonya Riley has the exclusive.


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A CyberScoop programming note

The CyberScoop newsletter will pause publication for the Thanksgiving holiday. We will return to your inbox on Monday, November 29. Enjoy the break!


Apple goes after NSO Group

NSO Group, the Israeli spyware firm under fire for aiding human rights abuses with its software, is facing a lawsuit from Apple. The tech titan claims that NSO Group's Apple-based exploits cost the company mounds of money to fix, and also that its use of the iCloud platform as part of its attacks violate the company's terms of service. Apple is seeking financial damages and also trying to ban NSO Group from ever buying an Apple device or service again. The lawsuit rounds out a tough month for NSO Group that started with the U.S. blacklisting the firm, leading to investors' worries about the company's ability to pay debts. A new CEO also resigned after less than two weeks on the job. AJ Vicens reports.


Hurdle for incident reporting, ransomware payment bill

A Senate proposal requiring critical infrastructure owners and others to report major cyberattacks to CISA, as well as require many ransomware victims to report when they make payments, is getting a bit of static in that chamber. Republicans objected last week to including it in the popular annual defense policy bill. What's more, one Republican has introduced a rival amendment that would place limits on which companies would have to report making ransomware payments. Advocates for the broader bill believe it would help feds combat sweeping attacks and gather data on the ransomware phenomenon, but some fear the burden for businesses. Tim Starks has the story.


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