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PHOTO: BELINDA JIAO/ZUMA PRESS
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A string of recent cyberattacks has hit big retailers, scooping up customer data and disrupting online sales. North Face and Cartier have told customers that their names and email addresses had been stolen. Another cyber intrusion prompted Victoria’s Secret to shut down its website for three days and postpone its earnings report planned for this week. (WSJ)
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CrowdStrike said it swung to a loss in the fiscal first quarter and posted a lower-than-expected outlook, as the costs of its outage last summer continue to weigh on results. The company said Tuesday its revenue is still being hurt by an incentive program it launched last year to try to retain customers after a widespread software outage in July. (WSJ)
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Chief Financial Officer Burt Podbere said the incentive program had an $11 million effect on revenue in the first quarter. He expects the effect to be $10 million to $15 million in each remaining quarter this fiscal year.
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Data-breach litigation continues to extract costs long after hackers are ejected. Pembroke, N.C.-based Robeson Health Care agreed to pay $750,000 to patients and others whose personal and medical data was exposed in a 2023 hack. More than 62,000 people were affected.
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Lewis & Clark College, a small liberal-arts school in Portland, Ore., will pay $500,000 to students, staff and others after a 2023 cyberattack. Data at risk includes name, date of birth, Social Security number, driver’s license or state identification, passport, financial account information, medical information and health insurance information.
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🎧 The Everyday American Who Hustled for North Korea
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Christina Chapman presented herself as just another influencer on TikTok. In reality, she ran a laptop farm that allowed North Koreans to take jobs as U.S. tech workers and scam more than 300 U.S. companies out of millions.
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