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The Wall Street Journal ProThe Wall Street Journal Pro

CybersecurityCybersecurity

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Washington Rewrites the Rules of Funding Technological Innovation

By Kim S. Nash

 

Hello. After the terrorist attacks of Sept. 11, 2001, new companies that aimed to help the U.S. government with national security won contracts in part by not relying on federal funds for research and development. 

Palantir, for instance, got its start helping the CIA and others with counterterrorism software. PitchBook estimates that venture-capital deals in defense startups reached a high of about $49 billion in 2025.

Depending on venture capital for defense and national security innovation carries risks, however. Read more from WSJ.

Also today: 

  • France's passport portal hacked
  • Iran to parcel out internet access
  • Ransomware negotiator admits to going rogue
  • Employers prioritize senior-level cyber talent
 

‏‏‎ ‎

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More Cyber News

PHOTO: NATHAN LAINE/BLOOMBERG NEWS

French authorities are investigating a hack of the portal that handles applications for passports and other identification, France's Interior Ministry said Monday. Users of the portal—National Agency for Secure Documents, or ANTS—whose information was breached are being notified. Data at risk includes addresses, phone numbers and dates of birth. 

Parceling out internet access: Iran's professors, researchers and state media will be able to get online soon, the Iranian government said, while the rest of the country remains without internet access. Iran shut down the internet more than 50 days ago as the U.S. and Israel bombed the country. (New York Times)

A corporate ransomware negotiator pleaded guilty to conspiracy to deploy ransomware and extort victim companies. Angelo Martino of Land O’Lakes, Fla., in 2023 worked with cybercriminals using the BlackCat/ALPHV malware, sharing information with them about companies they had attacked, including details about their cyber insurance coverage, the Justice Department said Monday. 

  • Martino also collaborated with two Texas cybersecurity professionals to deploy BlackCat themselves against several U.S. organizations, according to the Justice Department, which said it seized $10 million in assets from Martino. 
  • He is due to be sentenced July 9, facing up to 20 years in prison.

Airbus agrees to buy French cybersecurity company Quarkslab, as it continues to boost its security credentials. The plane maker said the planned investment is part of its strategy to develop sovereign cybersecurity capabilities in France and boost its position in the wider European cybersecurity sector. (WSJ)

 

Notable quote: As companies integrate AI into core business systems, “security risks will become more complex. That often pushes employers to prioritize senior-level talent who understand cybersecurity fundamentals, have

experience handling complex threats and have adapted security measures in the AI era.” — George Denlinger, operational president of technology talent solutions at Robert Half.

  • More from WSJ Pro: Entry-Level Cyber Workers Are Losing Out to AI
 

About Us

The WSJ Pro Cybersecurity team is Deputy Bureau Chief Kim S. Nash and reporters Angus Loten and James Rundle. Follow us on X @WSJCyber. Reach the team by replying to any newsletter you receive or by emailing Kim at kim.nash@wsj.com.

 
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