Can the U.S. keep up in cyberspace?

Retired Gen. Paul Nakasone warns the U.S. is falling behind in cyberspace. Australia orders government entities to remove and ban Kaspersky products. FatalRAT targets industrial organizations in the APAC region. A major cryptocurrency exchange reports the theft of $1.5 billion in digital assets. Apple removes end-to-end encryption (E2EE) for iCloud in the UK. Researchers uncover a LockBit ransomware attack exploiting a Windows Confluence server. Researchers uncover zero-day vulnerabilities in a widely used cloud logging utility.A PayPal email scam is tricking users into calling scammers. Republican leaders in the House request public input on national data privacy standards. A Michigan man faces charges for his use of the Genesis cybercrime marketplace. Our guest is Karl Sigler, Senior Security Research Manager from Trustwave SpiderLabs, explaining the domino effect of a cyberattack on the power grid. Meta sues an Insta Extortionist. Remember to leave us a 5-star rating and review in your favorite podcast app. Miss an episode? Sign-up for our daily intelligence roundup, Daily Briefing, and you’ll never miss a beat. And be sure to follow CyberWire Daily on LinkedIn. CyberWire Guest Today, Dave speaks with Karl Sigler, Senior Security Research Manager from Trustwave SpiderLabs, about the domino effect of a cyberattack on the power grid. You can dig into the details in their report. Selected Reading Former NSA, Cyber Command chief Paul Nakasone says U.S. falling behind its enemies in cyberspace (CyberScoop) Kaspersky Banned on Australian Government Systems (SecurityWeek) Chinese Hackers Attacking Industrial Organizations With Sophisticated FatalRAT (Cyber Security News) Bybit Hack Drains $1.5 Billion From Cryptocurrency Exchange (SecurityWeek) Experts Slam Government After “Disastrous” Apple Encryption Move (Infosecurity Magazine) Confluence Exploit Leads to LockBit Ransomware (The DFIR Report) Fluent Bit 0-day Vulnerabilities Exposes Billions of Production Environments to Cyber Attacks (Cyber Security News) Beware: PayPal "New Address" feature abused to send phishing emails (Bleeping Computer) Top House E&C Republicans query public for ideas on data privacy law (CyberScoop) US Charges Genesis Market User (SecurityWeek) Meta Sues Alleged Instagram Extortionist (404 Media) Share your feedback. We want to ensure that you are getting the most out of the podcast. Please take a few minutes to share your thoughts with us by completing our brief listener survey as we continually work to improve the show. Want to hear your company in the show? You too can reach the most influential leaders and operators in the industry. Here’s our media kit. Contact us at cyberwire@n2k.com to request more info. The CyberWire is a production of N2K Networks, your source for strategic workforce intelligence. © N2K Networks, Inc.