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The latest details about odd cryptocurrency payments detail how all kinds of internet crime, not just extortion, are moving outside the financial system. Further ripple effects from that Accellion breach. And think twice about leasing your broadband to outsiders. This is CyberScoop for September 1, 2021.

The force behind all those crypto payments in Europe

Eastern Europe remains a hotbed for illicit cryptocurrency activity, new research shows. Between June 2020 and July 2021, Eastern Europe-based cryptocurrency addresses sent $815 million to investment Ponzi scams that lure users with false promises of high returns, according to Chainalysis data published Wednesday. Ukraine, in particular, drove a significant amount of the region’s traffic to the fraud websites, trouncing second-place United States by roughly 20 million visits. Still, cybercriminals racked up tens of millions in dollars in cryptocurrency ransomware payment. Tonya Riley has the story.

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Accellion breach strikes again

A billion-dollar Michigan hospital system on Friday notified roughly 1,500 patients that their information may have been exposed as a result of a hack against file-sharing service Accellion. Beaumont Health found that impacted patient health data included patient names, procedure names, physician names, internal medical record numbers and dates of service. The incident represents the latest fallout from a supply chain attack that's ensnared grocery chains, universities and global telecommunication providers. Tonya has more.

$750K in SEC penalties for brokerages over email hacks

The Securities and Exchange Commission settled charges against brokerage firms that suffered email account takeovers and exposed sensitive data on thousands of customers. Collectively, the firms — Cetera and Cambridge and their affiliates, as well as KMS Financial Services — will pay $750,000 in penalties. The firms ran afoul of the SEC’s “Safeguards Rule,” which requires companies to write and adopt procedures for protecting customer records and information. Tim Starks has the details.

Scammers pounce on internet-for-rent services

Hackers are seizing on a category of legitimate digital services that allow internet users to rent out access to their web connection in exchange for a small payment. While the stated goal of each of these services varies — one, Honeygain, markets itself as a tool for “effortlessly” earning a “passive income” — they typically promise to enable broadband customers to collect a fee every time an outsider connects to their hotspot. The promise of using an emerging technology to earn a quick buck has been enough to generate consistent engagement on forum sites like Reddit. Hackers are watching, too, of course. Jeff Stone looks closer.

New Hampshire town lost $2.3 million in email scam

Officials in Peterborough, New Hampshire, say the 7,000-person town lost $2.3 million to an email fraud scheme and that recovering the money is doubtful. Town Administrator Nicole MacStay and Board Chair Tyler Ward wrote that the scam came in two waves. On July 26, town officials were notified by the nearby ConVal School District that it had missed a $1.2 million monthly payment. An investigation revealed that the Peterborough finance department had, in fact, already transferred the funds to an account posing as the school district. StateScoop's Benjamin Freed is on the case.

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