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A DeFi platform cleans up after a major incident. DHS takes a page from the NTSB. And the State Department puts up $10 million for information about election interference. This is CyberScoop for February 3.

With a name like Wormhole ...

A hacker stole $320 million worth of Ethereum cryptocurrency from decentralized finance platform Wormhole on Wednesday. As of Thursday morning, all of the stolen funds were “restored,” the trading platform was back up and an incident report was coming soon, according to tweets by the company. The Wormhole hack is just the latest in a string of breaches plaguing the industry. Last week, hackers stole $80 million from DeFi exchange Qubit Finance after exploiting a bridge. In late January, centralized exchange Crypto.com reported that attackers accessed $30 million worth of cryptocurrency. Tonya Riley reports.

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Do the Cyber Safety Review Board dance

DHS is assembling a Cyber Safety Review Board (CSRB) that would convene after major cyber incidents, according to a Federal Register notice published Thursday. It's modeled on the National Transportation Safety Board, which reviews civil aviation accidents. Following a major cyber incident, the CSRB would examine what happened and make recommendations. It's an idea that's long floated around in cybersecurity circles, and comes to fruition after President Joe Biden signed a cyber executive order last May. DHS also announced the full membership Thursday and said it would examine vulnerabilities in the Log4j software library. Tim Starks takes a look.

Another real-life cyber bounty

The State Department is offering a $10 million reward for information on two Iranian hackers who allegedly participated in state-sponsored cyber-operations designed to interfere with the 2020 U.S. presidential election. The two individuals, Seyyed Mohammad Hosein Musa Kazemi, 24, and Sajjad Kashian, 27, were charged with computer fraud, voter intimidation and transmission of interstate threats according to a federal indictment unsealed in November. The activity took place between August 2020 and November 2020. The State Department is offering the reward under its “Rewards for Justice” program, which has posted equal bounties for information about ransomware groups DarkSide and REvil. Tonya has more.

Biometrics privacy bill starts moving in Md.

Lawmakers in Maryland are considering legislation that would allow residents to sue companies individually if they believe their biometric information is being improperly collected or used. House Bill 259 would mandate that companies doing business in the state should only use biometric signifiers if they get written consent from customers; set firm calendars for retention and destruction of that data; and block companies from conditioning service on data collection. The legislation is similar to a law in Illinois that also gives individuals the right to sue. Few other states have biometric privacy laws in general. Benjamin Freed has more at StateScoop.

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