Meridian Group’s Cyber Intelligence Weekly Update
Our new Cyber Intelligence Weekly Report covers various highlights of the past week. The principal events:
- DroidBot the banking Trojan attacking Italian accounts: DroidBot is a sophisticated banking Trojan that uses spyware and RAT techniques to steal credentials and funds. It mainly targets Android users with fake apps from 14 Italian banks. It uses advanced communication channels to evade controls and operates as Malware-as-a-Service (MaaS).
- IOCONTROL sophisticated malware targeting US and Israel: An Iranian malware targets IoT devices and critical infrastructure in the US and Israel. It uses advanced techniques such as encryption and self-destruct to evade detection. The attacks aim to destabilise essential services such as fuel and water.
- NoviSpy a new undue surveillance tool in Serbia: NoviSpy is spyware used in Serbia against journalists and dissidents through zero-day vulnerabilities in Qualcomm processors. Serbian authorities use it to monitor activists, raising human rights concerns. Amnesty International denounces the misuse of the technology for repressive purposes.
- Love scams and fake investments hit transnational network in Lagos: An EFCC operation has dismantled an international scam network with 792 arrests in Lagos. The suspects, of various nationalities, exploited fake identities and fictitious platforms to defraud victims around the world. Local accomplices were trained to conduct the frauds.
- DPC fines Meta for Facebook breach 3 million EU users involved: Meta has been fined €251 million for a data breach that exposed personal information of 29 million global users.The fine highlights the regulatory rigour of the GDPR and the pressure on the company to improve data protection.
- Political manipulation and DSA, TikTok under EU crosshairs The European Commission is investigating TikTok for alleged violations of the Digital Services Act during the Romanian elections.The investigation focuses on algorithms, transparency of political ads and disinformation. The platform is accused of influencing the democratic process.
- China revives in global technology war: China responds to US restrictions with bans on strategic materials, aiming to weaken Washington’s regional allies. The technology war intensifies, with Beijing exploiting its monopoly on critical resources to exert geopolitical and commercial pressure.
- GDPR violations: Netflix faces multi-million euro fine: Netflix was fined EUR 4.75 million in the Netherlands for lack of transparency in the handling of personal data and non-compliance with the GDPR. Despite stated improvements, the authorities consider the actions insufficient to ensure compliance.
- Corruption conviction Sarkozy found guilty, but reaffirms his innocence: Former French President Nicolas Sarkozy was convicted of corruption in the ‘Bismuth’ case. He has vowed to appeal to the European Court of Human Rights, challenging the sentence as being influenced by political motives.
- AI and nanotechnology Netherlands updates control regulations: The Dutch government will update its investment laws to include advanced technologies such as AI and nanotechnology.The measures aim to protect strategic sectors and national security by requiring mandatory notifications for significant acquisitions.
To view the full report: CLICK HERE
(Report also available in ENGLISH)
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