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State officials and National Cyber Director Chris Inglis are poised for a windfall thanks to new legislation. Researchers detect email scams stemming from TikTok. And Treasury has a new cyber partnership. This is CyberScoop for November 16, 2021.

It's actually infrastructure week

President Joe Biden signed into law a $1.2 trillion infrastructure bill that provides almost $2 billion for cybersecurity, highlighted by $1 billion for a DHS grant program for state and local governments. Another highlight is $21 million for the Office of the National Cyber Director, which has been awaiting funds to make key hires. It has other digital security goodies for DOE, DOT and the EPA. Tim Starks details the legislation.

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TikTok scammers tried hacking 125 targets that followed famous accounts

More than 125 people and businesses associated with large TikTok accounts based around the world were targeted as part of a recent phishing campaign, according to research published Tuesday. Emails warned that targeted accounts were either in danger of being deleted for copyright violations or eligible for a verification badge. If victims replied to a message, attackers directed them to click a link to a WhatsApp chat, where a purported TikTok representative would confirm their accounts. While it remains unclear if any accounts were breached, the campaign is the latest to demonstrate how TikTok’s popularity makes its most visible users targets for scammers. AJ Vicens explains.

Treasury signs cybersecurity partnership with Israel

The U.S. Department of Treasury and Israel’s Ministry of Finance have agreed to a new cybersecurity partnership to protect critical financial infrastructure and to counter the threat of ransomware. U.S. officials on Sunday announced the bilateral agreement, which is included as part of a wider U.S.-Israeli task force on fintech innovation and cybersecurity. Through the partnership, both countries will work to develop a memorandum of understanding to support the sharing of information relating to the financial sector, including on cybersecurity regulations and threat intelligence. John Hewitt Jones has more at FedScoop.

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