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CybersecurityCybersecurity

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Unsettled Cyber Intel Law Erodes Private-Sector Trust

By Kim S. Nash

 

Welcome back. After months of partisan wrangling, a temporary extension of legislation aimed at encouraging firms to share cyberattack intelligence with Washington might be too little, too late for corporate cybersecurity leaders.

An eight-month shelf life for the Cybersecurity Information Sharing Act is unlikely to encourage hacked companies to risk legal or reputational damage by sharing sensitive data, especially in the wake of costly downtime, WSJ Pro's Angus Loten reports. Read the full story. 

More news below.

 

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More Cyber News

PHOTO: MICHAEL KUENNE/ZUMA PRESS

High-profile German politicians, military leaders and diplomats are being targeted in a hacking campaign to crack their chat apps. Scammers on text and phone calls are posing as tech support from Signal, WhatsApp and others to trick prominent figures into disclosing credentials, German officials said. (Bleeping Computer)

A cyberattack at the European Commission exposed the names and cell numbers of an undisclosed number of staff members, the EC said. The mobile devices themselves weren't compromised and the Jan. 30 incident was cleaned up within nine hours, the EC said. 

Another Salt Typhoon victim: Several organizations in Norway were compromised in a Salt Typhoon espionage operation, Norwegian officials confirmed. (TechCrunch)

  • Further reading from WSJ: China-Linked Hackers Breach U.S. Internet Providers in New ‘Salt Typhoon’ Cyberattack
 

It was a tough week for cybersecurity stocks that couldn't escape the broader software sell off. The CyberIndex sank 6.5% for the week, with just four of the group's 20 stocks ending in the black. Cisco Systems, the largest company by market cap, was the biggest winner with a 5% gain. 

Lumen Technologies was the worst of the rest. The stock ended down nearly 30% last week. Varonis Systems also saw steep losses, dropping 25%.

—Jon Leckie

$59 Million

Share of AT&T’s combined $177 million settlement requested by attorneys representing plaintiffs in two class-action suits over two data breaches in 2024. (CT Insider)

 

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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