17 Jan 2023

EU Finance Ministers Say Digital Euro Must Offer Privacy

European finance ministers have called for the digital euro to offer both privacy and transparency, as central bankers begin tests of the project this year. The digital Euro is being spearheaded by the European Central Bank (ECB), with the idea first launched in October 2020 and a more formal “investigation”

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16 Jan 2023

Euro Police Bust Multimillion-Dollar Crypto Fraud Gang

European law enforcement agencies collaborated to take down a multimillion dollar cryptocurrency fraud group, making multiple arrests last week. The operation was coordinated by Europol and targeted individuals associated with a large scale cryptocurrency investment fraud scheme. Those arrested include 14 individuals in Serbia and one in Germany, as well

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13 Jan 2023

Takedown of fraudulent cryptocurrency network in Bulgaria, Cyprus and Serbia

With the active support of Eurojust and Europol, a coordinated action has led to the dismantling of a cryptocurrency fraud network operating from Bulgaria, Cyprus and Serbia. The network operated professionally to set up call centres, which defrauded numerous victims in Germany, Switzerland, Austria, Australia and Canada for at least

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29 Dec 2022

Russia ready to resume gas supply to Europe via Yamal-Europe gas pipeline

On Sunday, Russia’s Deputy Prime Minister Alexander Novak stated that Russia is preparing to resume gas supplies to Europe via the Yamal-Europe gas pipeline. The gas transport was previously stopped for political reasons, likely arising due to the Ukrainian-Russia conflict Novak stated that the relevancy of the European market in

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28 Dec 2022

France Fines Microsoft $64m for Imposing Ad Cookies to its Bing Users

The Commission Nationale de L’informatique et des Libertés (CNIL), France’s digital privacy regulator, announced last week that it had fined US tech giant Microsoft roughly $64 million for violating regulations on advertising cookies. The CNIL found the Microsoft’s Bing search engine was operating with a system that did not allow

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08 Dec 2022

EU to ‘Level Playing Field’ for Crypto Firms With Uniform Tax Rules

Companies of any size processing crypto transactions for customers in the European Union will soon need to report these for tax purposes under proposed legislation. The policy, put forward as an addition to a wider package of anti-tax evasion measures, says that even non-European crypto-asset operators will need to report transactions

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22 Nov 2022

Estonian duo accused of $575m cryptocurrency scam

Police in Estonia have arrested two men suspected of running a $575m (£485m) cryptocurrency scam involving hundreds of thousands of victims. Estonian police investigated the case with the FBI, and US authorities want to extradite the pair – Estonians Sergei Potapenko and Ivan Turogin. The two 37-year-olds allegedly got people to invest

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31 Oct 2022

Europe’s Biggest Copper Producer Hit by Cyber-Attack

Aurubis, the world’s second largest copper producer, suffered from a cyberattack that forced IT systems offline, the company stated. The company is located in Hamburg and released a statement confirming the attack. The attack reportedly occurred on Friday evening and was part of a larger attack targeting the mining industry.

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06 Oct 2022

European Council Approves Crypto Regulation Bill

The European Union (EU) has taken a major step forward on regulating cryptocurrency, with the European Council approving comprehensive Markets in Crypto-Assets (MiCA) regulation on Oct. 5. The development marks another significant action taken by European authorities to ensure that the crypto market plays by their rules. The bill awaits

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29 Sep 2022

Sophisticated Covert Cyberattack Campaign Targets Military Contractors

Researchers at Securonix have detected a cyberattack campaign that is focused on cyber espionage. The campaign highlights the sophisticated nature of cyber threats agains the US, specifically defense contractors, and across the globe. The campaign has been dubbed STEEP#MAVERICK by Securonix researchers and has already hit multiple weapons contractors in

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