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Pay close attention to where your Ukraine donations might really go, the experts say. The DOJ racks up another REvil indictment. And the SEC continues its rulemaking on cyber incident reporting. This is CyberScoop for March 10.

Be careful when donating to Ukraine fundraisers

Cybercriminals are taking advantage of fundraising for Ukraine by duping donors into sending them cryptocurrency, multiple security firms have said in the past week. In one case, fraudsters pretended to represent a coin issued by the Ukrainian government. Cybercriminals have also sent emails posing as legitimate charities including the Red Cross of Ukraine. Most of the scams have seen little success, but industry experts warn to carefully vet charities before you donate. Tonya Riley tells you what to watch for.

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Alleged REvil member hauled to Dallas

The Justice Department extradited and arraigned an alleged member of the REvil ransomware group, which was accused of conducting multiple ransomware attacks, including the July attack against Florida-based IT and security firm Kaseya. Yaroslav Vasinskyi, 22, is one of two people the Justice Department has indicted for the REvil attack in August 2021. He made his initial appearance in a federal court in Texas on Wednesday. Tonya reports.

SEC proposes 4-day cyber incident notification window

The Securities and Exchange Commission on Wednesday proposed new cybersecurity risk management and disclosure rules for publicly traded companies, at the center of which is a requirement that companies report cybersecurity incidents to the agency within four days of determining one occurred. The proposed rules would also require that publicly traded companies periodically disclose their policies for managing and identifying cybersecurity risk, management’s role in managing cybersecurity and the board of directors’ oversight role and cybersecurity expertise. The rules now go to a 60-day public comment period. Tonya has this one, too.

More on the China-linked Daxin backdoor

Late last month, researchers at Symantec exposed what they said was the “most advanced” backdoor they had ever seen from hackers with links to China’s government. The malware, which they called Daxin, was part of “a long-running espionage campaign against select governments and other critical infrastructure targets.” Symantec published more details this week about the backdoor, including insights into its communications and networking features. Read the research.

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