G7 Cyber Expert Group Conducts Cross-Border Coordination Exercise in the Financial Sector
US Department of the Treasury
WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system.
The primary objective of the exercise was to strengthen the ability of G7 financial authorities in effectively communicating and coordinating their respective responses to facilitate crisis management in the event of a significant cross-border cyber incident affecting the financial sector. The exercise built on previous simulations and workshops, which focused on cyber incident response, recovery management, and crisis communication.
OLAF-EPPO operational conference: strengthening partnership to ensure fraud with EU money does not pay
OLAF
(Luxembourg, 23 April 2024) - An Operational Partnership Conference of the European Anti-Fraud Office (OLAF) and the European Public Prosecutor’s Office (EPPO) took place on 22 and 23 April. Prosecutors and financial investigators from the EPPO and investigators, forensic experts and analysts from OLAF gathered in Brussels to discuss their respective experiences and possible improvements almost three years after the start of EPPO operations.
Global drug kingpin’s inner circle taken down
Europol
In a large-scale raid conducted in Bosnia and Herzegovina, law enforcement officers swarmed homes and offices of 23 persons suspected to be part of the ‘inner circle’ of a drug kingpin apprehended in November 2022. Europol supported yesterday’s action, which serves as another milestone in the fight against the so-called ‘super cartel’, an alliance of criminal networks that controlled much of Europe’s cocaine trade. As in operation ‘Desert Light’, several partners from around the globe collaborated to deal yet another major blow to this criminal structure. Over 40 locations were searched by officers active on the ground, who were joined by Europol specialists, as well as United States Drug Enforcement Agency (DEA), and Federal Bureau of Investigation (FBI) agents.