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PHOTO: KYODONEWS/ZUMA PRESS
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Japan's Asahi Group said it will delay its financial report for the latest quarter because a September ransomware attack has impeded access to accounting systems. The beer maker said it is still assessing the financial impact of the hack, which has also interfered with order and shipping systems. Asahi is using manual processes to fulfill some orders and has no timeline for full recovery.
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Cyberattack exposed Bridgestone to higher tariff costs. After a hack in September prompted tire maker Bridgestone to disrupt manufacturing operations in North America for several days, the company used inventory from elsewhere to fulfill orders. The move came with higher than expected tariff costs that Bridgestone expects to disclose at an earnings call in November. (Bloomberg)
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Acquisition deal: Managed security services company LevelBlue said it plans to buy Cybereason, which provides forensics, incident response and other services. The companies didn't disclose financial terms.
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Cybereason, founded in Israel, has made two rounds of layoffs since 2022 and backed away from a plan to go public. (CyberScoop)
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PHOTO: IGOR GOLOVNIOV/ZUMA PRESS
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Auto insurers fined: The New York State Department of Financial Services and New York Attorney General Letitia James after a joint investigation imposed more than $33 million in penalties on eight insurers, including Farmers Insurance Exchange and Liberty Mutual Insurance. The companies must also improve cyber protections under separate settlements with the agencies. (Dow Jones Risk Journal)
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PowerSchool hacker sentenced: A Massachusetts college student was sentenced to four years in prison for hacking education tech provider PowerSchool. Matthew Lane, who was a teen when he breached PowerSchool last year, was also ordered to pay $14 million in restitution.
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Up to 60 million current and former students worldwide had their data breached. Lane, now age 20, extorted about $3 million from the company and other entities, according to a sentencing memo. He turned over about $160,000 to the government. (The 74)
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Further reading from WSJ Pro: PowerSchool Paid Ransom to Hackers After Breach
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U.S., U.K. sanctioned 146 entities in Southeast Asia linked to online scams that have allegedly bilked victims of more than $16 billion in cryptocurrency, including Prince Holding Group in Phnom Penh and its chairman and chief executive Chen Zhi. Zhi is a 38-year-old Chinese émigré.
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