The Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday sanctioned Russian national Sergey Sergeyevich Zelenyuk and his company, Matrix LLC – known as Operation Zero – along with five associated individuals and entities, for allegedly trading in cyber tools that the department said threaten U.S. national security.  […]

Financial losses from internet-enabled cyber crimes have continued to grow and were responsible for the loss of $2.7 billion in 2018, according to the FBI Internet Crime Complaint Center (IC3) annual Internet Crime Report for 2018 published last month. […]