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But things get interesting when we break down the numbers per category. While BEC ($2.7 billion) lost the top spot to investment fraud ($3.3 billion), both crime types combined accounted for more than half of the losses reported last year.

Furthermore, both BEC and investment fraud were also the only crime types that had losses in the realm of "billions," while everything else was in the millions mark.

For industry analysts, the shake-up at the top of the FBI IC3 report was surprising but not a total shock.

LSA protection coming to Windows 11: Microsoft plans to add an option to protect the Local Security Authority (LSA) user login service from attacks that may dump its memory and allow malicious apps to steal secrets and credentials. The LSA protection feature will be added to Windows 11 Canary builds before being rolled out broadly to the Windows 11 userbase.

Google discontinues Chrome Cleanup Tool: Google has discontinued the Chrome Cleanup Tool, an application that was pre-installed inside the Chrome browser on Windows. The app worked by scanning for any unexpected changes to Chrome settings and could remove unwanted software that was installed via Chrome. Google says the app, which it initially rolled out in 2015, had played its role and that in recent months it was detecting an increasingly smaller number of threats with each scan. The browser maker says that with Chrome v111, released last week, users won't be able to request new scans and cleanups, and they plan to gradually disable and remove the utility from user browsers.

Google and Meta sue SK's privacy agency: Google and Meta have sued South Korea's privacy watchdog (the Personal Information Protection Commission) after the agency imposed massive fines against both companies last year. PIPC imposed a 69 billion won ($52 million) fine on Google and a 31 billion won ($23 million) fine on Meta for breaking the country's privacy laws by not obtaining lawful consent from users and tracking their online activity for advertising purposes. In lawsuits filed last month, the two companies are now arguing that website operators should be responsible for obtaining user consent and not their platforms, which only receive and aggregate this data. [More in local media]

The White House released its Cyber Security Strategy last week and — by and large — it looks pretty decent.

The strategy divides activities into five different "pillars":

Some of these pillars, such as "Defend Critical Infrastructure" and "Invest in a Resilient Future", are ones you'd expect in any cyber security strategy, but there are some genuinely new ideas here.

Acer confirms hack: Taiwanese hardware vendor Acer has confirmed a security breach after a hacker began selling more than 160GB of data they stole from one of the company's servers. According to the seller, an individual going by the name of Kernelware, the stolen data includes details about the Acer BIOS, confidential presentations, product documentation, ROM, and other binary files. Acer says the files originated from a server for repair technicians.

Facebook's LLaMA leak: LLaMA (Large Language Model Meta AI), a collection of large language models developed internally at Meta, was leaked on 4chan last week, marking the first time when a major tech company's proprietary AI model has leaked in full. Prior to the leak, Meta, Facebook's parent company, had provided access to the LLaMA model to select researchers from the AI community. While the leaker hid their identity using the "llamanon" 4chan username, AnalyticsIndiaMag notes that the LLaMA torrent file contained a unique identifier that would, theoretically, allow Meta to track down who received and leaked the files. Motherboard reported that Meta did not deny or confirm the leak, nor has it taken any steps to have the torrent removed.

LaunchZone crypto-heist: The LaunchZone cryptocurrency portal announced this week a compensation plan for users who lost funds in a hack that took place at the end of February. At the time, the company lost $700,000 following an exploit against one of its contracts that drained around 80% of the funds from its liquidity pools.

In this Risky Business demo, Tines CEO and co-founder Eoin Hinchy demonstrates the Tines no-code automation platform to host Patrick Gray.

Australia's critical infrastructure plan: Australia's Cyber and Infrastructure Security Centre (CISC) has published its Critical Infrastructure Resilience Strategy and Plan, a guide to help secure Australia's critical infrastructure interests from 2023 to 2028.

Australia and UK sign spam cooperation memorandum: Australia and the UK's privacy watchdogs have signed a joint memorandum of understanding to coordinate their efforts against nuisance calls and spam messaging.

T-Mobile's alleged 100+ breaches: An analysis of multiple Telegram channels reveals that three threat actors have claimed to have breached T-Mobile's backend network more than 100 times throughout 2022. According to infosec reporter Brian Krebs, many of these breaches have been carried out by threat actors who provide account hijacking services and who needed access to T-Mobile's network to execute SIM-swapping attacks. Most of the breaches appear to have been carried out by phishing T-Mobile employees and gaining access to their internal accounts.

Polish tax portal attacks: Polish officials have blamed Russian hackers for DDoS attacks that have taken down the government's national tax-filing portal this week.

Russia fines Wikipedia: The Russian government has fined the Wikimedia Foundation, the organization behind the Wikipedia portal, 2 million rubles (~$27,000) for failing to delete "misinformation" about the Russian military and its invasion... oops... special operation in Ukraine. This marks the third fine Wikipedia has received in Russia since the country's invasion of Ukraine, according to Reuters. Wikipedia said the recent fine was related to articles on its Russian language portal related to Russian Invasions of Ukraine (2022), Battle for Kyiv, War Crimes during the Russian Invasion of Ukraine, Shelling of Mariupol Hospital, Bombing of the Mariupol Theater, and the Massacre in Bucha.

Signal says it will pull out of the UK market if the country's Online Safety Bill forces it to weaken its encryption. Signal won't be asked to weaken its encryption, but it may well be asked to make other compromises.

Meredith Whittaker, president of the Signal Foundation nonprofit, told the BBC that the organisation "would absolutely, 100% walk" if forced to weaken the privacy of its messaging system.

Although the UK's proposed Online Safety Bill aims to make the internet safer (here is a good background overview) it has received its fair share of criticism over time. Advocates of strong encryption are particularly concerned about sections that give the regulator the power to tell companies that they must "use accredited technology to identify CSEA [child sexual exploitation and abuse] content, whether communicated publicly or privately by means of the service, and to swiftly take down that content". (The Act also covers terrorism-related content like beheading videos etc. Grim.)

Unlike the IRA and Russia's other internet troll farms and influence operations, Ghostwriter works on a higher level. Operations are timed and planned to coincide before or during important political events or military exercises, often requiring public rebuttals and clarifications from the targeted governments or politicians.

Researchers say because the group mixes both cyber (hacking) and psyop (influence) components, the group has gone under the radar for many years and has yet to be fully understood. Their theory blames the West's confusion about who's supposed to investigate GhostWriter. Is it a country's cybersecurity or its intelligence agency? Is it the private infosec community, or is Ghostwriter official government spook business?

As the researchers point out, this confusion and lack of understanding of the level where GhostWriter operates had allowed the group to run around for four years between 2016 and 2020 before people caught on to what they were doing and that the group existed.

Exchange scanning update: Microsoft has updated the guidelines for scanning Exchange servers for malware, and the company is now advising the scanning of additional directories. These folder locations were previously used by antivirus solutions, but Microsoft says it has seen malware campaigns abuse these directories to hide their malware.

Signal would leave the UK: Megan Whittaker, the president of the Signal secure messaging service, has told the BBC the company plans to leave the UK market if the country passes the controversial Online Safety Bill. The bill, which is currently receiving pushback from both the private sector and local politicians, would require tech companies to scan encrypted messaging apps for child sexual abuse material (CSAM).

More Twitter layoffs: Twitter fired last week its democracy and national security lead, Neema Singh Guliani, which kind of explains why that entire network's trending section is just state-run propaganda campaigns these days. Other layoffs followed at Twitter over the weekend too.

Russian local officials called the incident "a provocation by supporters of the Kyiv regime."

The Russian Ministry of Emergency Situations confirmed the hack in a Telegram post, but they did not share any info on the attack or any attribution.

This is not the first time suspected Ukrainian hackers have hacked Russian radio stations. In June 2022, one such hacker hijacked Kommersant's FM radio to blast the Ukrainian anthem and anti-war songs, forcing the company to temporarily shut down its air programming and broadcast solely via the internet for a few hours.