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PHOTO: PAVLO GONCHAR/ZUMA PRESS
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How a Chinese AI company worked around U.S. rules to access Nvidia’s top chips: A Wall Street Journal investigation traced how a chain of deals across several countries got the chips inside the data center, which is wedged between a private school and an upscale apartment complex. A company that arranged the transaction is a subsidiary of a Chinese business on an American trade blacklist. (WSJ)
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Finastra names new cyber chief. Matthew McCormack joined the global company as CISO after three years as CISO at Bank of New York Mellon. Finastra, which provides technology to the financial services industry, was hacked a year ago, through its internal file-transfer system. The incident led to the breach of personal data used in customer support.
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Finastra also named a new chief information officer, Sanjay Jain, and a new chief data officer, Ali Khan.
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Layoff: Palo Alto, Calif.-based cyber company Deepwatch laid off 60 to 80 of its about 250 employees, joining several security providers that have let staff go this year. They include CrowdStrike, which laid off 500 people, or about 5% of its workforce; as well as Deep Instinct and Sophos, among others. (TechCrunch)
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Israeli startup Sweet Security raised $75 million bringing total funding to $120 million. The round was led by Evolution Equity Partners. Sweet offers AI-based tools for securing cloud infrastructure and plans to expand into products for securing AI models. (Bloomberg)
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57%
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Percentage of hacks last year in which victim organizations became aware of the attack through an outside party, as opposed to detecting the problem themselves. This is according to new research from Google's Mandiant unit, which analyzed information it collected during 450,000 hours of responding to incidents in 2024.
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