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A former staffer at Bank of America and TD Bank is charged with laundering money on behalf of email fraudsters. The latest on Twitch's security issues. And the White House moves ahead with a plan to help secure higher education. This is CyberScoop for October 11, 2021.

BoA, TD Bank employee helped hackers, DOJ says

An accused money launderer allegedly used his positions as an employee at Bank of America and TD Bank to aid an email fraud scheme that scammed five businesses out of more than $1 million. The U.S. Department of Justice announced Thursday that a grand jury had returned an indictment against three men — Onyewuchi Ibeh, Jason Joyner and Mouaaz Elkhebri — charging them with money laundering and aggravated identity theft. The defendants allegedly operated a business email compromise scheme, in which thieves pose as a business or associate in an email, then ask a victim to wire up to hundreds of thousands of dollars at a time. Jeff Stone has the court documents.

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Twitch hacked, then trolled

Trolls defaced Amazon-owned Twitch's website with the face of Amazon founder Jeff Bezos Friday. It's unclear if the image-swap was related to a massive breach of the site revealed Wednesday, but it added to mounting concerns about the company's security practices. Twitch said Thursday that it does not appear that any login credentials were accessed in the attack. Tonya Riley has more.

Biden approves CISA study of K-12 cybersecurity

The Department of Homeland Security’s cyber agency will spend the coming months researching the risks of K-12 school districts as the education sector continues to face an onslaught of ransomware attacks, following President Joe Biden’s signing Friday of a bill aimed at shoring up cybersecurity. The K-12 Cybersecurity Act directs the Cybersecurity and Infrastructure Security Agency to undertake a 120-day review of the vulnerabilities in school districts and report back to Congress. CISA will examine “how identified cybersecurity risks specifically impact K–12 educational institutions” and evaluate the challenges schools face in securing their information systems, protecting student and teacher data and implementing and enforcing cybersecurity controls. Benjamin Freed has more at StateScoop.

Schools pump the brakes on new tech out of cyber concern

Some university IT departments are urging students not to update their operating system to Windows 11 yet, warning that it could knock out some crucial security software, like VPN services. Case Western Reserve University, the University of Pittsburgh, Western Kentucky University and the University of Wisconsin-Madison all advised against updating to Windows 11, in some cases because their technology divisions had not finished testing compatibility with software used for cybersecurity, data storage and other essential functions. The new operating system is not a critical download, with Microsoft planning to slowly offer the update to all devices by mid-2022, according to its website. Emily Bamforth had more at EdScoop.

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