The Allianz Risk Barometer identified cyber incidents as the leading global risk for the fourth consecutive year, fuelled by increasing reliance on technology and the rapid development of AI. Ransomware accounted for 58% of large cyber insurance claims in the first half of 2024. Negative impacts of AI include facilitating criminal disruption and spreading misinformation, yet AI can also help to mitigate cybersecurity risk. Balancing the pros and cons of AI implementation is a key challenge.
US officials seized $24 million in crypto and charged Russian developer Rustam Gallyamov for running Qakbot.
The US Department of Justice (DOJ) is seeking to seize over $24 million in cryptocurrency from Russian national, Rustam Rafailevich Gallyamov, accused of creating the
