Hello. Japanese industrial giant Mitsubishi Electric said Tuesday that it intends to acquire U.S. cybersecurity company Nozomi Networks in a deal valued at about $1 billion.

The whopper acquisition is one of the largest yet in the industrial cyber sector, WSJ Pro's James Rundle reports. Threats to infrastructure such as water treatment plants, power utilities and natural gas pipelines are on the rise amid tensions with China and other adversaries. Read our full story.

Also today: 

• Netskope IPO aims for $6.5 billion valuation
• Treasury sanctions alleged pig butchering centers
• CISA gave itself more time to finalize hack reporting rules
• Anthropic gets behind California AI security law
• And more

Fifteen months after a ransomware attack, Jesup, Ga.-based Wayne Memorial Hospital is notifying 163,440 patients that their personal, financial, insurance and medical information was compromised. Not all data was exposed for all patients, the hospital said in state regulatory disclosures.

• The hospital said it has added new intrusion detection and response, reset all passwords and made additional enhancements to network security.

Alleged 'scam centers' sanctioned: The U.S. Treasury sanctioned what it called "scam centers" in Southeast Asia that allegedly run online fraud campaigns in computer farms worked by enslaved people. That includes nine targets in Burma and 10 in Cambodia. U.S. residents have lost more than $10 billion to romance, crypto and other scams, Treasury said. 

• Further reading from WSJ: ‘Pig Butchering’ Online Scams Are Proliferating. Here’s Why They Work So Well.

Reprieve on federal cyber reporting: The Cybersecurity and Infrastructure Reporting Agency is giving itself six more months to come up with rules for reporting cyberattacks on critical infrastructure. Under the CIRCIA law passed in the Biden era, CISA had until next month to finalize rules for the deadlines and type of details companies will have to disclose after a hack. CISA has now pushed off its final version until May 2026.

• The agency is still evaluating substantial comments it received after publishing a draft in March 2024, a spokeswoman said. (CyberScoop)
• Further reading from WSJ Pro: Cyber Reporting Rules Savaged in House Hearing

AI company Anthropic on Monday endorsed a California bill that would require developers to disclose security details about their AI models. Other AI companies and industry groups are lobbying against state regulation of the technology. "While we believe that frontier AI safety is best addressed at the federal level instead of a patchwork of state regulations, powerful AI advancements won’t wait for consensus in Washington," Anthropic said.

• Further reading from WSJ Pro: Federal AI Plan Targets ‘Burdensome’ State Regulations

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