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Decentralized Cryptocurrency Markets Threaten U.S. Security, Treasury Says
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Hello. The burgeoning decentralized cryptocurrency market threatens U.S. national security and needs greater oversight and enforcement against money laundering, the U.S. Treasury Department said Thursday.
Ransomware hackers, rogue states and other national-security threats have seized on the market’s opaqueness to move money around the world without detection, facilitating the financing critical to their operations, a new Treasury report said. Read the full WSJ story.
More news below, including TikTok's Montana problem and CrowdStrike's Microsoft problem.
Plus Weekend Reading. Catch up on the WSJ Pro Cybersecurity coverage from the past week. See you Monday!
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TikTok’s next big showdown is in Montana. After state lawmakers last month advanced a bill to ban the popular video app for Montanans, TikTok quickly responded. TikTok has already seen one of the state’s sparsely populated neighbors act as a vanguard on restricting the app.
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After South Dakota Gov. Kristi Noem banned TikTok from government-issued devices for state employees last November, more than half of U.S. states did the same in the following weeks. Get the full story.
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Florida's Board of Governors, which oversees the state university system, banned the use of TikTok and other apps owned by Chinese and Russian companies on campus WiFi networks and university-issued devices. (USA Today)
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PHOTO: MICHAEL SHORT/BLOOMBERG NEWS
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CrowdStrike takes a big swing at Microsoft. Give CrowdStrike credit at least for trying to punch up. The provider of cloud-based cybersecurity software’s annual revenue is about what Microsoft generates in sales every four days. The tech giant has recently locked its gaze on CrowdStrike’s end of the security market with offerings such as its Defender software.
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The competitive threat from Microsoft became apparent after CrowdStrike issued a disappointing forecast in November. Its fiscal third-quarter results at that time also showed an alarming slowdown in growth for net new annualized recurring revenue, a key measure of new business added during the period. Read more.
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PHOTO: SALWAN GEORGES/WASHINGTON POST/GETTY IMAGES
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Tesla employees shared images and video recorded from customers' cars, a Reuters report said. Between 2019 and 2022, employees shared the material on an internal messaging system, including footage of individuals and crashes, according to Reuters, which said Tesla didn't respond to requests for comment.
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Weekly highlights from across WSJ Pro that we hope will be useful to you. Here are this week's stories, unlocked for WSJ subscribers.
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WSJ Pro Cybersecurity coverage this week:
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