FunkSec’s low-ransom chaos redefines ransomware economics. With a strategy of low ransom demands and discounted stolen data, FunkSec blends hacktivism roots with AI-assisted ransomware operations. Codefinger flips the script on cloud security. This new ransomware crew exploits AWS S3 bucket encryption, hijacking customer-provided keys to render critical data inaccessible. In other news, cybercriminals are using transaction simulation spoofing to mislead victims into approving fraudulent transfers. Read on for the top 10 highlights from cyberspace.