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Recent Editions
Risk Channel
North America
Cryptocurrency exchange Binance has said hackers who stole $6.3bn used "fake job interviews" to steal funds. An engineer was contacted through a legitimate job-hunting platform and invited to bogus job interviews with fake company representatives. "Advanced and deceptive" methods were used to build trust, and the job applicant was instructed to download an "assignment" that deployed malicious code. The engineer's compromised computer and a compromised internal AI tool were then leveraged to gain control over two other engineers' laptops and execute the next steps of the attack. The FBI has traced the theft to TraderTraitor, a North Korean hacking group with links to the government.
Full Issue
Risk Channel
UK/Europe
Venture capital giant Sequoia Capital is closing its London office and cutting staff, saying it no longer requires a physical presence in the city, despite only expanding into Europe in 2020. Sequoia said it remains committed to supporting European start-ups but will manage investments from its Silicon Valley headquarters. The decision comes amid a broader restructuring, including the scrapping of its Arc accelerator and a shift towards a more selective investment strategy.
Full Issue