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White House Cyber Strategy Urges Corporate Firepower

By Kim S. Nash

 

Welcome back. The Trump administration published its new cybersecurity strategy Friday, along with an executive order aimed at online scams.

Both documents frame digital security in the context of broader geopolitical issues. The strategy promises to incentivize the private sector to identify and disrupt adversaries.

Unspecified and unclear are any policy plans to support the administration's goals, other than a statement on reducing compliance burdens related to cybersecurity. There's nothing about how any new cyber initiatives will be funded.

Read our coverage of the strategy and the executive order. 

Tell me: What incentives from the government would induce companies to take a more offensive stance on fighting cyber adversaries? Email me or reply to this newsletter.

More news below.

 

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More Cyber News

PHOTO: SEAN SMITH FOR DOW JONES RISK JOURNAL

Rising geopolitical tensions and the rapid spread of AI will require cybersecurity teams to ratchet up defenses for a new era of increasingly complex attacks, Aanchal Gupta, Adobe’s chief security officer, said at the Dow Jones Risk Journal Summit. Read more and watch the full video.

Hackers affiliated with the Chinese government are responsible for a cyber intrusion on an internal Federal Bureau of Investigation computer network that holds information related to some domestic surveillance orders, WSJ reported, citing people familiar with the matter.

Kettering Health, a network of 14 hospitals in Ohio, failed to provide timely care during a ransomware attack last year, according to patients suing the company, based in Dayton.

  • A class action consolidates 44 suits in Montgomery County (Ohio) Common Pleas Court. (Becker's Hospital Review)

Huawei's U.S. unit, Futurewei Technologies, should be subject to the same bans as its Chinese parent, a bipartisan group of House members said in a letter to the Commerce, Defense and Treasury Departments and the Federal Communications Commission. That includes export controls, tech bans and other restrictions, the letter said, citing national security and corporate espionage concerns.

  • Futurewei provides research and development services and patent help to Huawei. (Bloomberg)
 

War in Iran

PHOTO: JALAA MAREY/AGENCE FRANCE-PRESSE/GETTY IMAGES

A fake safety-alert app aimed at the Israel Defense Forces is actually spyware, according to cyber company Acronis. Text messages to IDF members urge them to download the Android app, which harvests location data, contacts, passwords and other information, Acronis said. (Bloomberg) 

Deepfake videos, including one that appears to show a bomb from Iran hitting a skyscraper in Bahrain, are spreading widely on social media. Pro-Iran accounts—some linked to Russia—are circulating the videos and other misinformation. (Associated Press)

 

It was a strong week for the CyberIndex. The weighted average of the 20 largest cybersecurity stocks by market cap started a rally Tuesday to finish the week up 10.5%.

The week saw strong performances by some of the largest cyber firms, including CrowdStrike, which rose 12%. Together with Palo Alto Networks and Cloudflare, three of the four largest firms gained more than 10%.

Lumen Technologies lost 4.4%—the only stock to finish the week down.

58%

Open rate on emails notifying Transport for London customers that their data was breached in a 2024 hack. The company, which manages London's transportation systems, said it sent notification emails to more than 7.1 million people. (BBC)

 

About Us

The WSJ Pro Cybersecurity team is Deputy Bureau Chief Kim S. Nash and reporters Angus Loten and James Rundle. Follow us on X @WSJCyber. Reach the team by replying to any newsletter you receive or by emailing Kim at kim.nash@wsj.com.

 
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