quora
Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

EU, UK and US Blame Russia for Cyberattacks on Internet Service Providers

n-img-eu-uk

Accusations were imposed on Russia due to the recent disastrous cyberattacks on the European satellite internet company crippling online operations.

A cyberattack hit the European satellite internet company Viasat on Tuesday, disrupting the internet service for thousands of broadband customers across the continent along with disabling many wind turbine services. The EU blamed Russia for masterminding this cyberattack as they begin their invasion of Ukraine on Feb 24. 

This cyber attack has unleashed a significant impact on multiple EU member states which have been affected by several indiscriminate communication outages and disruptions caused across public authorities, businesses, and users in Ukraine, as claimed by the EU while writing their official statement. 

Supporting statements were released by the UK and the US aiding the EU and blaming Russia has been behind cyberattacks carried on Ukraine in recent times deploying malicious programs and defacing websites.

The British Foreign Secretary Liz Truss stated in a news release “This is an evident and shocking proof of the deliberate and malicious cyberattacks by Russia against Ukraine which had created crucial consequences on the financial situation for ordinary people and businesses in Ukraine and across Europe”

Agreeing with this statement, the US Sectary of State Antony Blinken told “The cyberattacks launched by Russia against commercial satellite communication networks to disrupt the control of the Ukrainian force during the invasions in the late February, had spillover impacts into the other European countries”

Since the Ukrainian military heavily relied on Viasat during the initial period of the war, the attack has significantly caused trouble by hampering the communication abilities, as said by the top Ukrainian cybersecurity official, Victor Zhora 

EU has condemned individual state-affiliated hackers in the past, The statement released on Tuesday has been the first time that it has openly cited its own intelligence while accusing a specific nation of destruction in cyberspace. 

The junior director of cybersecurity policy at Stiftung Neue Verantwortung, Julia Schuetze further said that the statement could be used for pioneering additional sanctions against Russian hackers. 

Suggested Read: Cybercrimes in the UK have ‘doubled’ in the past five years

Related Posts

News

Ransomware Targets Outdated Microsoft Excel Macros to Deploy Attacks

Microsoft Security Intelligence notified users of a type of ransomware, called Avaddon, that uses...

Ransomware Targets Outdated Microsoft Excel Macros to Deploy Attacks Explore More

News

UKGC Imposes EUR 780K Fine on Buzz Bingo for AML Failure

Buzz Bingo has been fined £780,000 by the UK Gambling Commission (UKGC) for social responsibility...

UKGC Imposes EUR 780K Fine on Buzz Bingo for AML Failure Explore More

News

FIU Recovers $284K From Two Companies Suspected of Money Laundering and Tax Evasion

The Financial Intelligence Unit of Liberia (FIUL) has recovered more than $284,000 from two compa...

FIU Recovers $284K From Two Companies Suspected of Money Laundering and Tax Evasion Explore More

News

455 Social Media Accounts Flagged for Rolling Out Fake IDs – Europol Reports

455 social media accounts flagged by Europol, which were providing fake identity documents to ill...

455 Social Media Accounts Flagged for Rolling Out Fake IDs  – Europol Reports Explore More

News

Hong Kong further strengthens its Cryptocurrency regulations

Paul Chan, the Financial Secretary of Hong Kong, stated that the country was considering to stren...

Hong Kong further strengthens its Cryptocurrency regulations Explore More

News

German Law Firm Denies Money Laundering Allegations Against Deutsche ReGas

Hengeler Mueller, a German law firm, investigated the loopholes in the Anti-Money Laundering (AML...

German Law Firm Denies Money Laundering Allegations Against Deutsche ReGas Explore More

News

Cyprus Securities and Exchange Commission Warns Investing Firms for AML Non-Compliance

The Cyprus Securities and Exchange Commission (CySEC) warned the Cyprus Investment Firms (CIFs)  ...

Cyprus Securities and Exchange Commission Warns Investing Firms for AML Non-Compliance Explore More

News

Israel Enforces New Regulations for the Transfer of Digital Currency

The new digital currency regulations will allow Israeli banks to profit from cryptocurrency tradi...

Israel Enforces New Regulations for the Transfer of Digital Currency Explore More

News

Two More Crypto Firms to Shut Down Over EU Money Laundering Regulations

Two more cryptocurrency firms – mining pool Simplecoin and bitcoin gaming platform Chopcoin...

Two More Crypto Firms to Shut Down Over EU Money Laundering Regulations Explore More

News

FCA Probe into Barclays for Anti-Money Laundering Failings

The Financial Conduct Authority opened a probe into Barclays for suspected failings in compliance...

FCA Probe into Barclays for Anti-Money Laundering Failings Explore More

News

China’s Digital Currency Could Be Launched ‘Quite Soon’

Within the next 6 to 12 months, China could launch its own digital currency which may become a ch...

China’s Digital Currency Could Be Launched ‘Quite Soon’ Explore More

News

The Next Big Step- Blockchain-Based E-voting

A Japanese firm, Layer X labs, has decided to work on the development of voting electronically by...

The Next Big Step- Blockchain-Based E-voting Explore More

News

British Columbia Makes Regulatory Change to Combat Money Laundering

The British Columbia government is providing the gambling regulator of the province more independ...

British Columbia Makes Regulatory Change to Combat Money Laundering Explore More

News

BNM Issues New Policy For Remote Corporate Customer Onboarding

BNM has issued a new policy document that permits MSBs to onboard customers remotely in the corpo...

BNM Issues New Policy For Remote Corporate Customer Onboarding Explore More

News

Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts

The Australian Federal Police (AFP) has warned of fake delivery texts. Scammers use legitimate-lo...

Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts Explore More

News

Qatar Takes Steps to Strengthen its AML/CFT and Sanctions Compliance

A webinar organised by ICC Qatar emphasised the efforts of Qatar to strengthen its AML/CFT and sa...

Qatar Takes Steps to Strengthen its AML/CFT and Sanctions Compliance Explore More

News

Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations

In a settlement with the Office of Foreign Asset Control (OFAC), Poloniex LLC, a former subsidiar...

Poloniex Agrees to Pay $7.6M in Settlement of Sanctions Violations Explore More

News

South Africa links fintech startups with financial regulators

South Africa’s financial regulators have initiated the Inter-governmental Fintech Working Group (...

South Africa links fintech startups with financial regulators Explore More

News

FMA Sues Tiger Brokers for AML/CTF Breaches

The Financial Markets Authority (FMA) has filed court proceedings against Tiger Brokers for alleg...

FMA Sues Tiger Brokers for AML/CTF Breaches Explore More

News

Economic & Financial Crime Bureau Gets Legal Powers as an Independent Authority

The Economic & Financial Crime Bureau and Financial Intelligence Unit [Bailiwick of Guernsey]...

Economic & Financial Crime Bureau Gets Legal Powers as an Independent Authority Explore More

News

Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules

The advocacy group in their latest comment has disregarded the proposed regulatory requirements b...

Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules Explore More

News

Danish Financial Regulatory Authority Orders Betfair to Address Money Laundering Violations

A subsidiary of Flutter Entertainment, Betfair International, has been sanctioned by the Danish f...

Danish Financial Regulatory Authority Orders Betfair to Address Money Laundering Violations Explore More

News

Central Bank of China Issues Warning of DC/EP Fraud

China’s Central bank, the People’s Bank of China along with two other regulatory authorities has ...

Central Bank of China Issues Warning of DC/EP Fraud Explore More

News

2021 to Set New Record for Most Data Breaches in a Year

Studies have shown a staggering 1,291 data breaches till the end of September this year, exceedin...

2021 to Set New Record for Most Data Breaches in a Year Explore More

News

South Korea Demands Crypto Exchange Data from Banks for Tighter Regulations

The financial regulators in South Korea are seeking crypto exchange data from the banks in order ...

South Korea Demands Crypto Exchange Data from Banks for Tighter Regulations Explore More

News

FCIU Uncovers Money Laundering Patterns Through Social Media Scams

South Yorkshire law enforcement authority has seized EUR 70,000 placed in the illicit gambling ac...

FCIU Uncovers Money Laundering Patterns Through Social Media Scams Explore More

News

Reddit follows Facebook suit and bans impersonation on its platform

Earlier this week, Facebook announced its new policy to ban manipulated pictures and videos known...

Reddit follows Facebook suit and bans impersonation on its platform Explore More

News

Saskatchewan Government Invests $1.66m to Support Fight Against Money Laundering

The Government of Saskatchewan is spending $1.66 million on the Civil Forfeiture Program to back ...

Saskatchewan Government Invests $1.66m to Support Fight Against Money Laundering Explore More

News

EBA Issues Draft to Set up Central Database for AML and CFT

On December 20, 2021, the European Banking Authority (EBA) issued its draft Regulatory Technical ...

EBA Issues Draft to Set up Central Database for AML and CFT Explore More

News

Travel and Leisure Industry is at Peril of Facing Data Breach

The travel and leisure industry is already facing a difficult time right now, they do not need to...

Travel and Leisure Industry is at Peril of Facing Data Breach Explore More

News

FIAU Fines iGaming Company Approximately €236,789 for Money Laundering

The Financial Intelligence Analysis Unit has ordered a Malta-based remote gaming operator to pay ...

FIAU Fines iGaming Company Approximately €236,789 for Money Laundering Explore More

News

Swedbank cuts former CEO’s Golden Parachute over Money-Laundering

STOCKHOLM – Swedbank has canceled the severance pay of former CEO, Birgitte Bonnesen after ...

Swedbank cuts former CEO’s Golden Parachute over Money-Laundering Explore More

News

US Law to Ban Shell Companies Runs into Delays

A new US law to prevent businesses from tax evasion using shell companies has been delayed at the...

US Law to Ban Shell Companies Runs into Delays Explore More

News

EUR 27 Million Worth Crypto Assets Seized by the NCA in Money Laundering Crackdown

NCA seizes crypto assets worth £27m last year in a major money laundering crackdown Although inst...

EUR 27 Million Worth Crypto Assets Seized by the NCA in Money Laundering Crackdown Explore More

News

UK to Apply Digital Identity Verification Across Government Services

Michael Gove, Cabinet Office Minister has written to Whitehall departments about obligating the u...

UK to Apply Digital Identity Verification Across Government Services Explore More

News

Egypt Government to Establish Central Bank Unit for AML and CFT

On Wednesday the cabinet approved a draft law amending some regulations within the Anti-Money Lau...

Egypt Government to Establish Central Bank Unit for AML and CFT Explore More

News

The EU and UK Announce Major Regulatory Reforms to Safeguard Crypto-Assets

EU implements unified crypto-asset regulations, MiCA, and incorporates Travel Rule to secure cryp...

The EU and UK Announce Major Regulatory Reforms to Safeguard Crypto-Assets Explore More

News

Chandigarh Cyber Cell Unit Arrested Criminals Involved in Overseas Money Laundering Activities

A gang of a Chinese national and 20 other people got arrested by Chandigarh Police. Investigation...

Chandigarh Cyber Cell Unit Arrested Criminals Involved in Overseas Money Laundering Activities Explore More

News

Rules for AMLC Inquiry for Bank Accounts Released by the Court of Appeals (CA)

On Sunday, the Court of Appeals (CA) issued its rule of process for assessing the deposit or inve...

Rules for AMLC Inquiry for Bank Accounts Released by the Court of Appeals (CA) Explore More

News

FATF Reveals Qatar’s Failure to Enforce Crypto Ban to Combat Money Laundering

Qatari authorities have taken naive action against crypto companies that violated a ban announced...

FATF Reveals Qatar’s Failure to Enforce Crypto Ban to Combat Money Laundering Explore More

News

US Sanctions Crypto Mixer Sinbad Over Connections to North Korea

The FBI and the Dutch Financial Intelligence and Investigation Service have a crackdown on virtua...

US Sanctions Crypto Mixer Sinbad Over Connections to North Korea Explore More

News

AML Task Force Samlit Reports Success in Keeping Fraudsters at Bay

SA Anti-Money Laundering Integrated Task Force (Samlit) claims that it is competent in combating ...

AML Task Force Samlit Reports Success in Keeping Fraudsters at Bay Explore More

News

White House Wants COVID Vaccine Passports to be Secure, Private, and Free

According to the White House, the Federal Government should not be responsible for verifying that...

White House Wants COVID Vaccine Passports to be Secure, Private, and Free Explore More

News

US Treasury Targets Russian Oligarchs as Part of New to Tackle Illicit Finance

Strategy imposed by the US Treasury to combat illicit finance targets Russian Obligarch as part o...

US Treasury Targets Russian Oligarchs as Part of New to Tackle Illicit Finance Explore More

News

The third man involved in ID theft scheme and money laundering is sentenced to jail

Minnesota man among the three criminals involved ID theft scheme and money laundering has finally...

The third man involved in ID theft scheme and money laundering is sentenced to jail Explore More

News

EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More

The EU’s parliament, commission, and council are set to initiate discussions on the issue of anti...

EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More Explore More

News

Digital euro successfully tested at the Bank of France

On May 20, Banque de France announced that France has become the first country to successfully te...

Digital euro successfully tested at the Bank of France Explore More

News

IMF Urges Central Bank of Seychelles to Upgrade Transparency and AML Controls

The Central Bank of Seychelles (CBS) has been advised by the International Monetary Fund (IMF) to...

IMF Urges Central Bank of Seychelles to Upgrade Transparency and AML Controls Explore More

News

Russian Government to Fight Cybercrimes for Digital Economy

A report by TASS news agency states that the Russian government plans to develop a center to figh...

Russian Government to Fight Cybercrimes for Digital Economy Explore More

News

Cryptocurrency Fraud Reports to UK Action Fraud More Than Double in 2021

The study advises financial regulators to place more pressure on cryptocurrency institutions to c...

Cryptocurrency Fraud Reports to UK Action Fraud More Than Double in 2021 Explore More

News

NYDFS States Signature Bank’s Closure Was Not Linked to Crypto

According to the head of NYDFS, the decision to close Signature Bank last month had nothing to do...

NYDFS States Signature Bank’s Closure Was Not Linked to Crypto Explore More

News

FEMA Confirms Seizure of 288 Crore Funds of Chinese-owned NBFC

The FEMA has confirmed the seizure of 288 crores worth of funds of a “Chinese-owned” ...

FEMA Confirms Seizure of 288 Crore Funds of Chinese-owned NBFC Explore More

News

Ontarians Lost More than $118M to ‘Grandparent Scam’ in 2022, Reports

‘Grandparent scam’ cost Ontario residents more than $118 million. Scammers call elderly people an...

Ontarians Lost More than $118M to ‘Grandparent Scam’ in 2022, Reports Explore More

News

Tether Executives to Face DOJ Bank Fraud Probe

Since its inception in 2014, Tether has become the third-largest cryptocurrency platform in the w...

Tether Executives to Face DOJ Bank Fraud Probe Explore More

News

RoC of the Cayman Fines Companies failing to Reveal Beneficial Owner’s Name

Cayman Island’s Registrar of Companies has begun penalizing the financial firms for not disclosin...

RoC of the Cayman Fines Companies failing to Reveal Beneficial Owner’s Name Explore More

News

Crypto Under Threat – UK Banks are Blocking Payments

Due to rising financial crimes related to cryptos, banks in the UK are blocking payments to crypt...

Crypto Under Threat – UK Banks are Blocking Payments Explore More

News

MAS Imposes Capital Requirements on OCBC for Inadequate Scam Response

Additional capital requirements have been imposed on the OCBC bank by the Monetary Authority of S...

MAS Imposes Capital Requirements on OCBC for Inadequate Scam Response Explore More

News

Money Mule Initiative Results Announced by the US Department of Justice

As a part of the Money Mule Initiative, the law enforcement depart of the USA has taken action ag...

Money Mule Initiative Results Announced by the US Department of Justice Explore More

News

Client Sues Credit Suisse for Losing $607 Million in Fraud Scheme

A Georgian billionaire, Bidzina Ivanishvili, has sued the Swiss bank, Credit Suisse over a Fraud ...

Client Sues Credit Suisse for Losing $607 Million in Fraud Scheme Explore More

News

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets

The Council Presidency has reached a provisional agreement with the EU Parliament regarding the r...

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets Explore More

News

Hong Kong Looking to Legitimize Crypto Trading for Retail Investors

The government of Hong Kong has been looking at whether to legitimize crypto trading for retail i...

Hong Kong Looking to Legitimize Crypto Trading for Retail Investors Explore More

News

11 Arrested for the First Money Laundering Case Using Digital Yuan

Chinese security officials have arrested 11 suspects in the first Central Bank Digital Currency (...

11 Arrested for the First Money Laundering Case Using Digital Yuan Explore More

News

FATF Votes to Graylist Malta

Malta’s Prime Minister announced the news at a conference on Wednesday after local media reported...

FATF Votes to Graylist Malta Explore More

News

PCMLTFA Update: FINTRAC Announces Flexible Compliance Approach

On May 28, 2021, FINTRAC announced changes in Canada’s anti-money laundering regime under t...

PCMLTFA Update: FINTRAC Announces Flexible Compliance Approach Explore More

News

FinCEN Proposes the Designation of Eligible Customers as Exempt Person

As a part of the Paperwork Reduction Act of 1995, the Financial Crime Enforcement Network (FinCEN...

FinCEN Proposes the Designation of Eligible Customers as Exempt Person Explore More

News

Australian Police Launch Avarus, a Multi-task Force to fight Money Laundering

Australian Federal Police has set up a new multi-agency task force to fight prevailing financial ...

Australian Police Launch Avarus, a Multi-task Force to fight Money Laundering Explore More

News

Philippines anti-money laundering council demands strict POGO regulations

The Philippines Anti-Money Laundering Council (AMLC) has advised of an “increasing level of threa...

Philippines anti-money laundering council demands strict POGO regulations Explore More

News

US Treasury Department Issues AML Study for the Art Market

The US Treasury Department Issues anti-money laundering (AML) study for the art market, aiming to...

US Treasury Department Issues AML Study for the Art Market Explore More

News

The Brussels Threatens Emirates with Sanctions for Illicit Financial Flow

Think tank has ranked emirates to be the top destination for illicit financial activities. Brusse...

The Brussels Threatens Emirates with Sanctions for Illicit Financial Flow Explore More

News

Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission

According to findings of a multi-agency investigation released by the NSW Crime Commission, pubs ...

Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission Explore More

News

Philippine Banks Struggle to Comply with AML Regulations

Philippian banks and financial institutions are struggling with compliances regarding the anti-mo...

Philippine Banks Struggle to Comply with AML Regulations Explore More

News

Newsman arrested for credit card theft

A Newport Newsman was arrested due to credit card and identity theft allegations. The arrest was...

Newsman arrested for credit card theft Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started