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Cyber Threats Top CEO Business Fears

By Kim S. Nash

 

Hello. Nearly two-thirds of CEOs at blue-chip firms cited cyberattacks as their biggest concern in the second quarter, up from 56% in the previous three-month period, according to the Conference Board and the Business Council.

It was the first time in over a year that cyber fears outranked all other business threats, including geopolitics and the economy. Read our full story.

Also today: 

  • California sues 23andMe over 2023 cyberattack
  • Duke University seeks to settle breach case for $3.7 million
  • Cyber companies warn of slowing sales
  • And more
 

‏‏‎ ‎

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More Cyber News

PHOTO: GEORGE NIKITIN/SHUTTERSTOCK

Sued: California Attorney General Rob Bonta sued Chrome Holding, formerly known as 23andMe, over a 2023 cyberattack that exposed the personal data of 6.9 million people. Bonta's office investigated the incident after genetic and other sensitive data went up for sale on the dark web. 

  • The genetic testing company failed to heed signs it had been breached and "ignored vulnerabilities in its systems," according to the lawsuit filed Thursday in San Francisco Superior Court.
  • Related from WSJ Pro: 23andMe’s Data-Theft Victims Offered ‘Genetic Monitoring’ to Ward Off Hackers

Settlements: Healthcare tech and data provider Datavant agreed to pay $900,000 to settle a lawsuit related to a 2024 cyberattack that exposed the personal, financial and health information of more than 320,000 people, including children. The plaintiffs' lawyers are seeking up to $345,000 in fees. 

  • Duke University Health System is due to pay more than $3.7 million to settle a 2022 lawsuit over its alleged sharing of information from its patient portal with Meta and other tech companies. Attorneys for the plaintiffs are seeking more than $1.2 million in fees.

Hospital cyber responders: The American Hospital Association is offering a new program to teach hospital staff how to keep clinical operations going when a cyberattack knocks out electronic medical records and causes other technology outages. The Cyber Resilience Readiness program, developed with the Joint Commission accreditation organization, is due to launch this summer. (Associations Now)

🎧 Listen: The fight over prediction markets escalates with Minnesota's move to criminalize many operations. Plus, data centers demand enormous water supplies in an increasingly drought-stressed America.

New episodes every Friday on Apple Podcasts, Spotify and Amazon.

 

Cyber Business

Security companies are warning of slower sales. SentinelOne estimated second-quarter revenue and profit would fall short of analyst expectations and said it was laying off 8% of its 2,900 employees. (Reuters)

  • SentinelOne's first-quarter revenue, reported Thursday, was $277 million, up 21% compared to the same period a year earlier. The company narrowed net losses for the quarter to $76.2 million from $208.2 million in the year-ago quarter.
  • Zscaler beat forecasts for revenue and profit in its latest quarter, reported Wednesday, but the company also predicted earnings below analyst expectations for the current quarter. (Barron's) 
 

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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