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Cyber Daily: U.S., Chinese Officials Spar Over Cybersecurity
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Hello. Officials from the U.S. and China met on Monday to discuss ways to set terms for responsible management of the relationship between the two countries, but the meeting turned testy over cybersecurity and other issues, The Wall Street Journal reports.
Other news: Florida unemployment data hacked; attacks put hospital revenue at risk; windfall for cyber startups; and more.
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U.S. Deputy Secretary of State Wendy Sherman met with Chinese officials in the port city of Tianjin on Monday.
PHOTO: ANONYMOUS/ASSOCIATED PRESS
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Tough talks: Senior U.S. and Chinese officials sparred over Covid-19, human rights and cybersecurity during a tense exchange Monday in the highest-level meetings between the two countries on Chinese soil since Joe Biden became president.
Chinese Vice Foreign Minister Xie Feng, meeting with U.S. Deputy Secretary of State Wendy Sherman in the port city of Tianjin, said American perceptions of China as an “imagined enemy” were responsible for a stalemate in relations between the two powers.
Ms. Sherman raised Beijing’s crackdown in Hong Kong and human rights abuses in Xinjiang and Tibet, as well as Beijing’s provocative actions in the Taiwan Strait and malicious activities in cyberspace, according to U.S. officials.
Read the full story.
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The agency that handles unemployment claims for Florida residents said data associated with more than 57,900 accounts was exposed.
PHOTO: WILFREDO LEE/ASSOCIATED PRESS
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Florida’s unemployment site targeted. Hackers have compromised unemployment claims data at Florida’s Department of Economic Opportunity, the agency confirmed. More than 57,900 accounts are at risk. Individuals should watch for potential fraud and report suspicious activity to their financial institutions, the agency warned. (CBS Miami)
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Slew of cyberattacks pressures hospital revenue. Not-for-profit healthcare systems, in particular, face the prospect of sinking revenue as hackers descend, according to Fitch Ratings. Ransomware and other attacks that disrupt operations often lead hospitals to suspend elective and non-emergency care, cutting into revenue. Subsequent litigation and regulatory fines over any breaches of patient data take another bite.
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Related: Florida Heart Associates, which runs offices in Fort Myers and Cape Coral, is working to recover computer systems after an attack in May, with some patients still unable to see physicians and phone systems only recently restored. Staff have left and the data of about 45,148 patients was breached. The practice said it will be the end of August or early September before operations are fully back. (Fox 4 Southwest Florida)
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PHOTO ILLUSTRATION: LAURA KAMMERMANN
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PHOTO: PAVLO GONCHAR/ZUMA PRESS
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Shareholders of Proofpoint Inc. voted in favor of Thoma Bravo’s $176 a share take-private offer that values the company at about $12.3 billion. The Sunnyvale, Calif.-based cybersecurity business said the deal is on track to close by the end of September.
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Startups: Young cybersecurity companies are seeing a windfall from investors, even if they aren’t soliciting funding. Cloud-security provider Netskope raised $300 million in July, pushing its valuation to $7.5 billion, up from $2.8 billion last year. (New York Times)
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Abnormal Security, which provides email security tools, reached $74 million in funding and a $600 million valuation.
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Cloud-security company Orca raised $210 million.
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$12.2 Billion
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Amount invested in cybersecurity startups since January, outpacing the $10.4 billion invested during 2020, according to research firm PitchBook, the New York Times reported.
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