Newsletters

Written content from the Risky Business Media team

Risky Bulletin: Microsoft ends SMS MFA for personal accounts

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

Microsoft is phasing out SMS as a multi-factor authentication and account recovery option for personal Microsoft accounts.

All users will be prompted to add a passkey the next time they log into their accounts.

The company said SMS was a leading source of fraud and the most targeted vector for account takeover.

Srsly Risky Biz: Politicians to Ditch Signal for Homegrown Apps

Presented by

Tom Uren
Tom Uren

Policy & Intelligence

European governments are trying to move their politicians away from encrypted messaging apps like Signal and WhatsApp and towards sovereign encrypted messaging solutions. This won't be as safe and secure as they think it will, but at least they'll have sovereign control. 

Back in 2020, the European Commission (EC) told its staff that Signal had been "selected as the recommended application for public instant messaging". The idea at the time was it would be used for communications between staff and people outside the Commission. There were already encrypted ways to send sensitive information internally, like encrypted internal email, but they were relatively inconvenient and clunky.

Signal is easy, and adopting it for that relatively narrow use case was a good thing. From a security point of view it was a massive step up from alternatives such as SMS or email, which are more vulnerable to interception and keep plaintext copies lying around on servers. 

Risky Bulletin: Microsoft takes down MSaaS used by ransomware gangs

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

Microsoft has sued and seized domains and server infrastructure belonging to SignSpaceCloud (signspace[.]cloud), a Russian cybercrime service that sold code signing certificates to malware and ransomware gangs.

The service, which Microsoft is tracking as Fox Tempest, has been running since May of last year and is what cybersecurity experts call a malware-signing-as-a-service (MSaaS).

The group used hundreds of fake accounts on the Microsoft Artifact Signing service to obtain code signing certificates that it later resold on its website for thousands of US dollars.

Risky Bulletin: Indonesia emerges as a new hub for cyber scams

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

Indonesia is emerging as a new hub for cyber scam operations and illegal online gambling in Southeast Asia after massive crackdowns in neighboring countries have sent criminal groups fleeing across borders and seeking to relocate facilities.

Local authorities have detained more than 550 suspects following three raids this month alone.

More than 200 suspects were detained after a raid on an apartment complex in the city of Batam on May 6. Another 321 were arrested in a commercial building near Jakarta's Chinatown neighborhood on May 10. Another 30 were then detained at guest houses on the island of Bali a few days after.

Risky Bulletin: Shai-Hulud goes open-source

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

Individuals claiming to be associated with the TeamPCP hacking group have released the source code of the Shai-Hulud worm that has devastated open-source libraries across the npm and PyPI ecosystems.

The code was released this week on the Breached[.]st hacking forum.

It  was released two days after it was used in a supply chain attack that compromised the TanStack React framework and then spread to almost 400 packages, including libraries at AI company Mistral and business automation giant UiPath.

Srsly Risky Biz: The AI Regulation Knife Fight

Presented by

Tom Uren
Tom Uren

Policy & Intelligence

The Trump administration is grappling with whether to give US intelligence agencies a bigger role in the assessment of new AI models, according to The Washington Post.

Ideas about AI regulation within the administration appear to be in a state of flux. Politico reported on Tuesday last week the administration was considering a government vetting process before new models were released. By Thursday, the administration was distancing itself from tighter regulation, and by Friday a lobbyist told Politico that "there is no clarity" because "different factions within the White House have different views about what should happen". 

Amongst that chaos, the National Cyber Director pitched a center within the Office of the Director of National Intelligence for the evaluation of new AI models. The intelligence community has deep expertise in cyber security and AI and their associated national security risks and benefits, so that does make a lot of sense.

Risky Bulletin: RubyGems disables sign-ups after attack on staff

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

The RubyGems package repository has disabled new user sign-ups after a malicious attack on Monday targeted its engineers and staff.

Hundreds of malicious packages were published on Monday and then again on Tuesday.

The packages contained malicious code aimed at RubyGems developers. The code tried to execute cross-site scripting attacks and steal data from their systems.

Risky Bulletin: FCC relaxes foreign router ban to allow for security updates

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

The US Federal Communications Commission has updated its ban on foreign-made routers to allow vendors to ship security updates for a longer period of time.

The agency banned the sale of foreign routers in March, but allowed companies to ship security updates for one more year until March 2027.

The FCC says that based on comments from the government and private sector it has now updated this cutoff date to January 1, 2029.

Risky Bulletin: Google patches Android remote takeover bug

Presented by

Catalin Cimpanu
Catalin Cimpanu

News Editor

This month's Android security updates carry an important patch for a critical vulnerability that can grant attackers remote access to an Android smartphone or smart device.

Tracked as CVE-2026-0073, the bug allows attackers to bypass authentication in the Android remote debugging service ADB.

Successful exploitation opens a remote shell on a device where the ADB service was enabled. ADB is disabled by default in the standard Android OS release, but may be enabled and left exposed by accident by some OEM (device makers) during factory testing, which has happened a lot over the past years.

Srsly Risky Biz: After Mythos, US Government Weighs AI Model Regulation

Presented by

Tom Uren
Tom Uren

Policy & Intelligence

The Trump administration is considering applying stricter oversight to American AI models due to their cyber security impact. However, before pulling the trigger on strict and inflexible regulation, we believe the government should spend a little time watching and learning.

This apparent shift from the administration's light touch AI regulation has reportedly been driven by concern about the hacking capabilities of frontier models. 

According to the New York Times, the administration wants to establish a group made up of tech executives and government officials to propose oversight procedures for the roll out of all new AI models. The group is likely to consider a range of options, including a formal government review process.