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Chinese Hackers Pretended to Be a Top U.S. Lawmaker During Trade Talks

By Kim S. Nash

 

Welcome back. As the Trump administration’s trade talks with China were set to begin in Sweden last July, staffers on the House committee focused on U.S. competition with China began to get puzzling inquiries, according to people familiar with the matter.

Several trade groups, law firms and U.S. government agencies had received an email appearing to be from the committee’s chairman, Rep. John Moolenaar (R., Mich.), asking for input on proposed Beijing sanctions.

Cyber analysts traced malware embedded in the email to a hacker group known as APT41—believed to be a contractor for China's Ministry of State Security. Read more from WSJ.

Also: The clock is ticking on core federal cybersecurity legislation set to expire Sept. 30, as a divided Congress and a looming government shutdown threaten progress on a new bill that seeks to extend provisions encouraging cooperation in fighting hackers. Read our full story. 

More news below.

 

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More Cyber News

PHOTO: STEFFEN SCHMIDT/SHUTTERSTOCK

Cyber insurance gets cheaper. More competition has led to a drop in cyber insurance rates for the third year straight, according to Swiss Re. That means insurers vying for business are less likely to demand new security controls as a condition of offering a policy. (Cybersecurity Dive)

Swiss Re's research is here.

Lab-grown AI malware: New York University researchers created malware that manipulates large language models such as OpenAI’s ChatGPT into launching ransomware. The malware, called PromptLock, was discovered in August by cyber company ESET, which found it on the suspicious-file analysis site VirusTotal. 

  • The NYU researchers said they developed PromptLock to prove that hackers can ply LLMs for activities that AI companies say they guard against. (CyberScoop)

Canadian investment company Wealthsimple said the personal data of about 1% of its customer base was exposed in August when software written by a third-party was compromised. Wealthsimple didn't disclose how many people were affected or specify the software at issue. 

$250,000

Cut to the bonus of Qantas Airways Group CEO Vanessa Hudson as a consequence of a June cyberattack that breached the data of six million customers.

"The Board recognised the impact the recent cyber incident had on customers and decided to reduce short term incentives for the Group CEO and executive team by 15 percentage points," the company said Friday.

 

Privacy & Surveillance

PHOTO: MANU BRABO FOR WSJ

That 1990s tech brand? Its new gig is in battlefield data. Legacy tech firms including Nokia, Dell and Oracle are jockeying to apply decades of experience in civilian technology to the rapidly evolving front line. Drones, bodycams and digital sensors now stream real-time intelligence in volumes no human can digest. (WSJ)

 

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About Us

The WSJ Pro Cybersecurity team is Deputy Bureau Chief Kim S. Nash and reporters Angus Loten, James Rundle and Catherine Stupp. 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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