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Cisco’s Splunk Deal Shows Allure of AI in Cybersecurity
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Happy Friday. The $28 billion acquisition of Splunk by network-equipment giant Cisco Systems could create a titan among cybersecurity providers, and analysts expect it to herald increased consolidation in the sector.
But such deals can be a mixed blessing for cyber chiefs, experts say. Market consolidation risks locking security chiefs into business with fewer providers.
Still, it's an interesting AI play. With Cisco’s resources, Splunk can build more AI capabilities, Gary Steele, Splunk’s chief executive, said in an interview. Joining machine-learning tools that find unusual activity on corporate networks with a generative AI interface can help businesses see and stop threats faster, he said. Read our full story.
Also today:
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Breaches at Pizza Hut Australia and a unit of Johnson & Johnson
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OpenAI privacy probe
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New CISO appointments
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This week's Executive Insights from WSJ Pro
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CONTENT FROM: Netscout
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Threat Analytics: Pros and Cons
Threat analytics is a pivotal tool that proactively detects and mitigates potential risks. This is crucial for network security, but where you conduct it matters. Discover the pros and cons of the primary threat analytics locations.
Learn More
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Hack at Pizza Hut Australia. The Australian unit of fast-food chain Pizza Hut said it discovered a security breach in early September that compromised personal details and encrypted credit-card numbers and passwords for roughly 193,000 customers. Individuals have been notified, the company said. (Teiss)
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PHOTO: PIROSCHKA VAN DE WOUW/REUTERS
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Johnson & Johnson unit discloses breach involving IBM. The health-products company said information about customers of its CarePath program was exposed through a vulnerable database administered by tech provider IBM. The J&J unit, known as Janssen, manages CarePath, a program that helps patients get access to medicines.
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Janssen said IBM fixed the vulnerability and discovered unauthorized access had occurred, exposing personal and medical information for individuals who registered for CarePath before July 2.
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IBM said it worked with the unnamed database provider to put in more security controls.
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PHOTO: ALASTAIR GALE/THE WALL STREET JOURNAL
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U.S. sends drone ships to western Pacific in first deployment near China. Two prototype U.S. drone ships have arrived in Japan to test surveillance and attack capabilities. The Pentagon said this month it planned to invest in a network of AI-powered technology, drones and autonomous systems over the next two years, partly driven by China’s moves to develop autonomous military systems. (WSJ)
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OpenAI under privacy probe in Poland: Poland's data protection office said it is investigating the ChatGPT generative AI maker for potential violations of the European Union's strict General Data Protection Regulation. The office received a complaint that ChatGPT generated false information about an individual and OpenAI didn't correct it. (Reuters)
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Christie Terrill was promoted to the newly created position of CISO at cybersecurity company Bishop Fox. Terrill has been with the Tempe, Ariz.-based company for more than 14 years, most recently as leader of customer service delivery.
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Our weekly roundup of stories from across WSJ Pro that we think you'll find useful. They are unlocked for WSJ subscribers.
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“The worst thing we can do is something that would cause our core Hispanic consumers to say, ‘That’s not my Modelo,’” said Greg Gallagher, Modelo Especial’s vice president overseeing brand marketing on its marketing strategy that helped overtake Bud Light in U.S. sales.
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The bid to free private-equity managers from regulatory oversight may not be a long shot.
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Thanks to disaster relief offered by the IRS, companies in California have been allowed to put off this year’s federal tax payments until October. It’s helped plump some balance sheets.
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Small-time crypto traders who invested with Celsius Network have been going toe-to-toe with legal and financial heavyweights in the platform’s bankruptcy case—and notching some unlikely victories.
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