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Cyber Daily: Capital One Continues Cyber Hiring, Cuts Other Tech Roles
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Hello. Another example of vitality in cyber hiring comes from Capital One Financial Corp.
The bank cut the agile development group in its tech department last week, as my CIO Journal colleague Belle Lin reported. Tech positions have largely been seen as insulated from the job cuts that have hit workers at major firms like Alphabet and Microsoft, but the Capital One layoffs affecting 1,100 employees indicate that IT groups are also under scrutiny amid recession fears.
Yet Capital One is actively hiring in cloud, data, machine learning and, yes, cybersecurity. Many of its cyber roles are "remote-eligible," a point of flexibility important to attracting candidates as the security talent shortage continues.
Tell me: If you're a cyber professional, do you feel recession-proof? Why or why not? Let me know.
In the news today:
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Ticketmaster to testify about Taylor Swift bot debacle
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Cyberattack contributes to Illinois hospital closures
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FanDuel and others get details of Mailchimp incident
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Magnet Forensics to be acquired
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Singer-songwriter Taylor Swift performs at the Nashville Songwriter Awards Sept. 20, 2022, in Nashville, Tenn. PHOTO: TERRY WYATT/GETTY IMAGES
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Bots vs. fans: A deluge of bots attacked Ticketmaster's sale of tickets for Taylor Swift's "Eras Tour" in November, overwhelming tech systems and preventing people from getting seats, a company executive is set to tell a Senate Judiciary hearing on Tuesday.
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The company could have spread sales over a longer period and better set fan expectations, according to written testimony released early from Joe Berchtold, president and CFO of Ticketmaster parent Live Nation Entertainment Inc. Tune in Tuesday at 10:00 a.m. ET. (Reuters)
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Eurasia Group says same threat actor has attacked it since 2019. Email accounts at political-risk consulting firm Eurasia Group have been hacked several times since an initial intrusion was detected in 2020, the company said last week in a notification to state regulators. The latest incident was caught in June 2022, compromising the personal data of 481 individuals.
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Illinois hospital says cyberattack contributed to closure. Spring Valley, Ill.-based St. Margaret’s Health said a 2021 cyberattack, combined with Covid-19 costs and a canceled contract for emergency-room services, have forced it to close two rural hospitals as of Jan. 28. The February 2021 attack "meant we could not bill nor get paid, in a timely manner, for the services we'd provided," St. Margaret's said in a notice to employees. (25 News)
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PHOTO: TIFFANY HAGLER-GEARD/BLOOMBERG NEWS
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Mailchimp discloses breach details to customers. Email marketing company Mailchimp is notifying clients about specifics of data compromised during a hack this month. Gambling operator FanDuel and tech firms WooCommerce and Solana Foundation are among 133 customers whose account details were exposed. (SecurityWeek)
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North Korea-backed hackers stole $100 million in crypto, FBI says. Two North Korean hacker groups, known as Lazarus and APT38, are behind a $100 million cryptocurrency theft in June from the Harmony's Horizon bridge system, the Federal Bureau of Investigation said Monday. Bridges allow different blockchains to interact. U.S. investigators detected that $60 million worth of the haul was moved on Jan. 13 and converted from Ethereum to bitcoin.
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Listen: China’s Tech Crackdown Winds Up
Beijing appears to be nearing the end of a two-year cybersecurity crackdown on China’s big tech companies. WSJ Asia tech reporter Liza Lin joins host Zoe Thomas to discuss the changes and whether authorities got what they wanted.
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Private-equity firm Thoma Bravo LP said it intends to buy Magnet Forensics, which makes incident-response and cyber forensics tools, for $1.3 billion. The PE investor plans to merge Magnet Forensics with Grayshift LLC, a Atlanta-based cyber company in which Thoma Bravo is a majority owner. Grayshift makes tools for government and law enforcement to investigate mobile devices. (SecurityWeek)
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The deal is the latest in a series of cyber acquisitions by Thoma Bravo, including Ping Identity and Imperva.
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