Plus: MOVEit Lawsuits Envelop TD, Charles Schwab, Prudential for Exposing Sensitive Financial Data in Major Breach
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8/29/23

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Hello! It’s August 29, and we’re tracking today's top stories: 3M agrees to pay $6B for faulty ear plugs, Chinese ministry outed as author of mass online propaganda operation, Binance eyes ditching Russia altogether, major lawsuits circle financial firms breached by MOVEit, and much more...

Featured Story

 

🎯 3M agrees to pay $6 billion after US military said its earplugs caused hearing loss. 3M aims to resolve 300,000 lawsuits alleging that the manufacturing company supplied faulty combat earplugs to the military that resulted in significant injuries. CNN 

 

Top Stories

 

🌎 Chinese Ministry Outed as Author of Mass Online Propaganda Operation. Meta on Tuesday outed the authors of a four-year long influence campaign dubbed “Spamouflage Dragon,” which first appeared in 2019 to spread propaganda about Hong Kong’s pro-democracy protests. Rolling Stone

 

🌎 Binance leaving Russian market is ‘on the table’. Cryptocurrency exchange Binance may be considering withdrawing its services from Russia amid U.S. and global sanctions. Cointelegraph

 

🌎 Financial Firms Breached in MOVEit Cyberattacks Now Face Lawsuits. TD Ameritrade, Charles Schwab named in new class action data breach lawsuit, following last week's filing against Prudential. Dark Reading

 

🌎 Zelenskyy’s corruption crackdown plan raises cover-up fears. Ukrainian watchdogs fume that president’s proposal to put wartime corruption on par with treason will give more power to state security service. Politico

 

🌎 National Archives has 5,400 Biden emails in which he uses fake names to dish government info to Hunter. A FOIA request sought emails pertaining to the accounts of Robin Ware, Robert L. Peters and JRB Ware — pseudonyms the 80-year-old president was known to use in the White House during his time as President Obama’s VP. NY Post

 

🌎 Russia Turns to Little-Known Shipping Companies to Secure Drone Supply Chain. Five Russian-flagged ships have taken 73 trips across the Caspian Sea to ports in Iran over the past year. WSJ

 

🌎 For the first time, the SEC has charged an NFT project with selling unregistered securities. In its lawsuit against Impact Theory, the SEC alleged that from October to December 2021 the company encouraged potential buyers of its NFTs to think of the tokens as investments in its future business. Quartz

 

🌎 America’s fight against chemical terrorism is at risk. Communities across the nation are at greater risk until Congress reauthorizes this bipartisan and critical program. We must ensure that chemicals do not become weaponized by those who wish to do Americans harm. WaPo

 

🌎 Miami federal judge rules in favor of close ally to Venezuelan strongman Nicolas Maduro. According to the ruling, Caballero failed to offer evidence about the amount of financial support the FARC allegedly received — directly or indirectly — from Gorrín and Perdomo and also failed to demonstrate how the businessmen assisted the FARC. Miami Herald

 

🌎 A Global Cyber-Scam Industry Is Booming in Plain Sight in Cambodia. For much of last year, dozens of nations reported that criminal gangs operating in Cambodia had lured tens of thousands of people into the country with the promise of high-paying jobs and free housing. NY Times

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IN THE NEWS

China

 

🇨🇳 Winning the Influence War Against China National Interest

 

🇨🇳 Pentagon Vows to Move Quickly to Buy More Drones, Citing China Threat NY Times

 

🇨🇳 US states ask SEC to check if Shein complies with forced labor rules Reuters

 

🇨🇳 Chinese sextortion scammers are flooding Twitter Rest of World

Russia

 

🇷🇺 The Secret Russian ‘School’ Churning Out Minions for Putin Daily Beast

 

🇷🇺 Russia Weighs Unified Fertilizer Trader to Boost Pricing Power Bloomberg

 

🇷🇺 Kaja Kallas faces more heat amid probe of husband’s Russia business ties Politico

Crypto & Cyber

 

🔑 FTX Customers Hit by 'Withdrawal' Phishing Mails After SIM Swap Attack CoinDesk

 

🔑 Binance excludes Banco de Venezuela from P2P payments Cointelegraph

 

🔑 Binance’s Belgian Customers to Use Polish Entity in Bid to Escape Regulators’ Ban CoinDesk

 

🔑 LockBit 3.0 Ransomware Builder Leak Gives Rise to Hundreds of New Variants Hacker News

Corruption & Financial Crime

 

💵 Michigan animal dealer to surrender nearly 150 exotic animals. CBS News

 

💵 The mobile game funding a revolution in Myanmar BBC

 

💵 Behind the AI boom, an army of overseas workers in ‘digital sweatshops’ WaPo

 

💵 Honduras arrests mayor accused of trafficking cocaine to US Reuters

"Nothing is so permanent as a temporary government program." --Milton Friedman

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