The Good, the Bad and the Ugly in Cybersecurity – Week 35 (2026)

The Good | Authorities Launch New Operations Against Cybercrime Networks & Supply Chain Attackers

Operation Jackal IV, coordinated by INTERPOL across 22 nations, has led to the arrest of 58 individuals and the identification of over 200 suspects linked to West African cybercrime networks. The joint action successfully dismantled elements of the Black Axe syndicate, which orchestrates global romance, investment, and business email compromise (BEC) scams. Law enforcement agencies across South Africa, Argentina, and Romania also disrupted major Crime-as-a-Service (CaaS) providers, freezing millions of dollars in illicit financial assets.

The FBI, collaborating with the DoJ, have disrupted the global QScan and QTRouter hacking platforms operated by Chinese state-sponsored threat actors. The group QTFY, which maintains direct ties to China’s military and intelligence services, used these compromised IoT botnets to mask cyber espionage traffic targeting critical U.S. networks, including the Federal Reserve and NASA. Law enforcement successfully seized the core command-and-control (C2) domains hardcoded within the malicious frameworks.

From the U.S. Treasury is a new operation dubbed Economic Outcast, imposing sweeping sanctions on five Mabna Institute members and nearly 60 Iran-linked entities. Under the direction of Iran’s Ministry of Intelligence and Security (MOIS), the attackers breached multiple American critical infrastructure organizations, state governments, and defense contractors. These state-sponsored actors then exfiltrated datasets, executed high-value cryptocurrency heists, and now face federal indictments alongside a $10 million dollar reward for information leading to their arrest.