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PHOTO: ROGER KISBY FOR WSJ
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The $130 billion cryptocurrency DeFi market is an enticing target for hackers. Bolstered by AI tools, cyberattacks are an increasing worry for crypto fans. Blockchain analysis company TRM Labs says hackers are using AI to pick crypto targets and design malware. (Bloomberg)
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West Pharmaceutical continues to restore global manufacturing sites taken offline after a cyberattack detected May 4. This includes facilities that make components for injecting weight-loss drugs and other medicines—a critical market for the Exton, Pa., company. "Our team’s commitment and primary focus as we ramp production remains on ensuring the continuity of supply to our customers," the company said Friday.
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Palo Alto Networks is helping investigate the cyberattack and rebuild West Pharmaceuticals systems.
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Suspected Iran-linked hackers attacked industrial systems that monitor fuel storage in several U.S. states, CNN reported, citing sources familiar with the matter. The attackers broke into automatic tank gauge systems, which show readings of fuel storage, that were connected to the internet unprotected.
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PHOTO: KENT NISHIMURA
/REUTERS
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Happening Thursday: State and local cyber threats is the subject of a hearing of the House Homeland Security subcommittee on cybersecurity and infrastructure protection. Tech and security chiefs for Florida, New York and Tennessee are due to testify. Tune in at 2:00 p.m. ET.
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A strong week for cyber stocks pushed the WSJ Pro CyberIndex up 12% last week. The index was lifted by a 22.5% gain for Cisco shares. Cisco was one of five stocks that rose more than 12% for the period.
Losses were minimal. No stock dipped more than 5%, including NetScout which suffered the worst with a 4.3% decline.
— Jon Leckie
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The Take It Down Act, which Congress passed last year, goes into effect Tuesday for businesses and other organizations. They will have 48 hours to remove online content identified as non-consensual deepfakes or face fines and investigations by the Federal Trade Commission. (CyberScoop)
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Websites, apps, social media, media sharing services and gaming platforms are on notice that the maximum fine is $53,088 per violation.
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PHOTO: GETTY IMAGES
/ISTOCKPHOTO
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AI sprawl: Companies are trying to manage the proliferation of AI agents that raise security and privacy risks for corporate systems. In the next two years, the average global Fortune 500 enterprise will run over 150,000 AI agents, according to market research and IT consulting firm Gartner. (CIO Journal)
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Employees at DaVita have created over 10,000 AI agents, said CIO Madhu Narasimhan. To help prevent cybersecurity risks, Narasimhan said the kidney-care company doesn’t allow “consumer-grade” AI agent tools into its corporate environment.
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