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Harris Has $404 Million to Spend as Strong August Fundraising Puts Her Ahead of Trump 

A lawn sign surrounded by American flags in support of US Vice President and Democratic presidential nominee Kamala Harris in Berkley, Michigan, US, September 5, 2024. (Reuters)
A lawn sign surrounded by American flags in support of US Vice President and Democratic presidential nominee Kamala Harris in Berkley, Michigan, US, September 5, 2024. (Reuters)
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Harris Has $404 Million to Spend as Strong August Fundraising Puts Her Ahead of Trump 

A lawn sign surrounded by American flags in support of US Vice President and Democratic presidential nominee Kamala Harris in Berkley, Michigan, US, September 5, 2024. (Reuters)
A lawn sign surrounded by American flags in support of US Vice President and Democratic presidential nominee Kamala Harris in Berkley, Michigan, US, September 5, 2024. (Reuters)

Kamala Harris's presidential campaign and the Democratic Party raised $361 million in August, leaving her with a clear cash advantage over Republican rival Donald Trump with two months to go before Election Day, the campaign said on Friday.

It said the August haul left Harris with $404 million in cash on hand at the beginning of September.

Trump's campaign team said on Wednesday that it and the Republican Party raised $130 million in August, leaving $295 million cash on hand at the end of the month.

The two candidates will spend more than $1 billion in this campaign, breaking records, according to regulatory filings. Trump and Harris are using the money to run advertisements and build get-out-the-vote operations in the closely contested states that will decide the election.

The fundraising totals, which are reported to US election regulators, are closely watched for signs of momentum ahead of the tightly contested Nov. 5 election.

The totals do not include the money raised by outside groups supporting each candidate.

A key test for both candidates will come at their televised debate on Tuesday, the first since President Joe Biden dropped out of the race and endorsed Harris as his successor on July 21.

Harris' candidacy has re-energized Democrats and donors, and she has had a surge in opinion polls.

Three-quarters of the 1.3 million new donors to Harris in August did not contribute in the last presidential election in 2020, her campaign said. It said more than six in 10 donors in August were women, and nearly one in five were registered Republicans or independents.

Nonetheless, polling averages show it is a tight race in the battleground states that will decide the election, including Pennsylvania, Michigan and Georgia.

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Iran Pays Millions in Ransom to End Cyberattack on Banks

Iranians at a bank branch in Tehran (IRNA)
Iranians at a bank branch in Tehran (IRNA)
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Iran Pays Millions in Ransom to End Cyberattack on Banks

Iranians at a bank branch in Tehran (IRNA)
Iranians at a bank branch in Tehran (IRNA)

A massive cyberattack that hit Iran last month threatened the stability of its banking system and forced the country's regime to agree to a ransom deal of millions of dollars, POLITICO reported on Thursday.

The newspaper said an Iranian firm paid at least $3 million in ransom last month to stop an anonymous group of hackers from releasing individual account data from as many as 20 domestic banks in what appears to be the worst cyberattack the country has seen, quoting industry analysts and western officials briefed on the matter.

A group known as IRLeaks, which has a history of hacking Iranian companies, was likely behind the breach, the officials said.

The hackers are said to have initially threatened to sell the data they collected, which included the personal account and credit card data of millions of Iranians, on the dark web unless they received $10 million in cryptocurrency, but later settled on a smaller sum.

Iran’s authoritarian regime pushed for a deal, fearing that word of the data theft would destabilize the country’s already-wobbly financial system, which is under intense strain amid the international sanctions the country faces, the officials said.

Iran never acknowledged the mid-August breach, which forced banks to shut down cash machines across the country.

IRleaks entered the banks’ servers via a company called Tosan, which provides data and other digital services to Iran’s financial sector, the officials said.

Using Tosan, the hackers appear to have siphoned data from both private banks and Iran’s central bank. Of Iran’s 29 active credit institutions, as many as 20 were hit, including the Bank of Industry and Mines and the Post Bank of Iran.

Though the attack was reported at the time by Iran International, an opposition news outlet, neither the suspected hackers nor the ransom demands were disclosed.

Iran’s supreme leader delivered a cryptic message in the wake of the attack, blaming the US and Israel for “spreading fear among our people,” without acknowledging the country’s banks were under assault.

Despite the growing tensions between Iran and both the US and Israel, people familiar with the Iranian banking hack told POLITICO that IRLeaks is affiliated with neither the US nor Israel.