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Cyber Daily: FTX Lawyer Says Firm Suffering From Cyberattacks Since Bankruptcy Filing
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Hello. A substantial amount of FTX’s assets are either missing or stolen, a lawyer for the failed crypto exchange said in court Tuesday, vowing to cast a wide net to secure potentially billions of dollars in funds that passed through the company.
The firm has been a target of continuing cyberattacks since it filed for bankruptcy, said James Bromley, counsel to FTX’s new management.
FTX is in constant communication with the U.S. Justice Department and the cybercrimes unit of the U.S. attorney's office in New York, which has opened a criminal investigation, he said. Get the full story from our bankruptcy team.
Help, please: I'm interviewing the CEO of identity management company Okta Inc. next week about responding to the company's security breach earlier this year. This is part of our WSJ Pro Cybersecurity Forum on Nov. 30. What burning questions do you have for Okta? Email me.
Note to readers: The WSJ Pro Cybersecurity newsletter will take a break for Thanksgiving and will be back in your inboxes on Monday.
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CONTENT FROM OUR SPONSOR: Netscout
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North American Cloud Service Providers are Targeted
Threat actors are aware of security trends resulting in a tremendous increase in DDoS attacks. The data that cloud service providers store is at risk.
Learn More
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President Joe Biden and IBM CEO Arvind Krishna tour an IBM quantum-computing facility in Poughkeepsie, N.Y., on Oct. 6. PHOTO: MANDEL NGAN/AGENCE FRANCE-PRESSE/GETTY IMAGES
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Federal agencies ordered to identify systems vulnerable to quantum hacks. Starting in May 2023, federal civilian agencies must conduct inventories of cryptographic systems potentially vulnerable to cyberattacks that use quantum computing, according to a directive from the White House and Office of Management and Budget. Agencies must designate a leader for the effort by the end of 2022 and annual assessments are required until 2035.
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U.S. military's fake Facebook accounts pushed pro-America information in the Middle East and Asia, Meta says. A new report from Facebook parent Meta Platforms provides details about how the social-media company took down a network of fake accounts responsible for "deceptive campaigns."
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"We removed 39 Facebook accounts, 16 Pages, two Groups and 26 accounts on Instagram for violating our policy against coordinated inauthentic behavior," Meta said in its quarterly Adversarial Threat Report, released Tuesday.
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Ransomware attackers accessed patient data at medical device provider. Michigan-based Wright & Filippis said sensitive information about 877,584 current and former patients and employees was accessed in a January ransomware incident. The company, which makes prosthetics and orthotics, said it has taken several steps to improve security, including:
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Installing additional endpoint detection and response software
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Resetting all passwords
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Rebuilding affected servers
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Privacy Suit Against Clearview AI to Go Forward. Facial-recognition tech company Clearview AI will have to face a lawsuit accusing it of violating the privacy of Californians, a superior court in Alameda, Calif., ruled Tuesday. Clearview had asked to have the case dismissed, partially on free-speech grounds. Clearview scrapes images from the internet for commercial use in its products and services.
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'Pig butchering' websites seized. Federal officials shut down seven web domains allegedly involved in a widespread "pig butchering" scheme. In such scams, fraudsters use friendship, fake cryptocurrencies and text messages to con unsuspecting victims. From May to August, scammers used the domains to impersonate the Singapore International Monetary Exchange to induce victims to send more than $10 million to accounts controlled by the attackers, the Justice Department said.
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51%
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Share of Fortune 500 companies that cited cybersecurity expertise in at least one director’s biography in 2022 proxy statements, according to an analysis by consulting firm EY.
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