House Subcommittee on Innovation, Data, and Commerce lawmakers have approved an overhauled draft of the American Privacy Rights Act, which would not only provide additional data collection, retention, and utilization restrictions for U.S. businesses but also impose updated reporting requirements, reports CyberScoop.

Chinese nationals Yunhe Wang, Jingping Liu, and Yanni Zheng have been sanctioned by the U.S. Treasury Department for operating the residential proxy service 911 S5, which was a botnet comprised of over 19 million residential IP addresses that had been used to support various cybercrime groups' COVID-19 relief scams and bomb threats, Ars Technica reports.

Infamous cybercrime site BreachForums has reportedly been successfully resurrected by one of its administrators ShinyHunters weeks after it was taken down in a law enforcement effort led by the FBI, which also involved the seizure of the Telegram channel of fellow administrator Baphomet, The Register reports.

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Intercontinental Exchange, the parent firm of the New York Stock Exchange, has been ordered by the U.S. Securities and Exchange Commission to pay $10 million following its failure to promptly report a data breach in 2021, which affected the NYSE and eight other subsidiaries, according to The Register.

The U.S. Department of Justice announced that Chinese nationals Daren Li and Yicheng Zhang have been apprehended and indicted for leading a pig butchering scheme that allegedly resulted in the laundering of at least $73 million, The Hacker News reports.

House Armed Services Committee members Morgan Luttrell, R-Texas, and Chrissy Houlahan, D-Pa., will be advancing a proposed amendment to the upcoming fiscal year's defense authorization legislation that would establish a dedicated Cyber Force under the Department of Defense, according to The Record, a news site by cybersecurity firm Recorded Future.