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PHOTO: KENT NISHIMURA/REUTERS
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A Senate appropriations bill would cut 7% of funding for the Office of the National Cyber Director, a key position that advises the White House on cyber issues. The bill would also cut funding for federal tech modernization projects to $5 million, from $75 million. Overall, the approach pushes cyber responsibilities to individual agencies, rather than shared across the federal government. (Gov Info Security)
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Medical device recall: The Food and Drug Administration called for a permanent recall of Baxter International's Life2000 Ventilation System, citing a "cybersecurity issue." An unauthorized person could change the device's settings and access its data, causing "serious injury or death," the FDA said.
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Baxter found the problems through internal testing and in April notified patients that they should discuss alternatives with their healthcare providers. (Healthcare Info Security)
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India's government is demanding that Apple, Samsung and other manufacturers pre-install what officials call a safety app on all new smartphones within 90 days. The Sanchar Saathi app lets users disable lost smartphones and provides features for stopping scams. Privacy advocates have raised concerns that the app will allow the government to spy on residents. (Reuters)
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The AI Cold War
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An escalating AI race between China and the U.S. is likely to be as consequential to world politics as the Cold War. Some worry the race to innovate will lead to loosening safety regulations.
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CrowdStrike Holdings raised its earnings forecast for fiscal 2026 to $3.70 to $3.72 per share, up from $3.60. CEO George Kurtz said fear of AI-powered cyberattacks is helping spur sales. "Now, just as anyone can use AI to vibe code and become a software engineer, anyone can now also vibe hack," he said. (Bloomberg)
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Identity-management company Okta said its full-year earnings will beat Wall Street estimates, forecasting $3.43 and $3.44 per share, up from $3.33 to $3.38. (Reuters)
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Threat-hunting startup Zafran Security raised $60 million in a Series C round led by Menlo Ventures. Zafran, based in New York, uses AI agents to identify tech inventory, assess the impact of patches and fix vulnerabilities automatically. The company has raised $130 million since its founding in 2022. (SecurityWeek)
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