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Federal AI Plan Targets ‘Burdensome’ State Regulations

By Kim S. Nash

 

Welcome back. A Trump administration move to withhold federal tech funding from states with burdensome AI laws comes as a warning shot for statehouses poised to enact data security and privacy regulations.

There isn't any definition of "burdensome," but the move revives Republican-led efforts earlier this year to prevent states from enforcing their own AI laws, WSJ's Angus Loten reports. Read the full story.

Check out our new CyberIndex, below. It's a weekly look at how cybersecurity stocks are performing.

Other news: 

  • Insurer Allianz Life confirmed customer data stolen
  • Nascar was hacked
  • An estimated 72,000 images were stolen from women's dating app Tea
  • And more
 

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More Cyber News

PHOTO: GONZALO FUENTES/REUTERS

Insurance giant Allianz Life on Aug. 1 plans to begin notifying the majority of its 1.4 million customers that their personal data was stolen in a July 16 hack. An unspecified number of financial professionals and employees were also affected, the company, a U.S. unit of Munich-based Allianz, said. The hackers broke into a cloud-based customer-relationship management system. (TechCrunch)

Oversharing? Microsoft is looking into whether an advance notice to cyber companies about vulnerabilities in its SharePoint systems was leaked, allowing hackers to swoop in. (Bloomberg)

Nascar cyberattack: Hackers penetrated Nascar, stealing data between March 31 and April 3, the car-racing organization disclosed. Nascar didn't provide a tally of people affected in its notice to state regulators. 

Women's viral dating app Tea said 72,000 customer images were stolen in a hack affecting users who signed up for the service before February 2024. The trove includes 13,000 selfies used for identity verification and 59,000 images from posts, comments and messages. (Reuters)

 
Alt text.

🎧 Are They Web Hackers or Care Bears? The Answer May Surprise You

Names like Laundry Bear and Chatty Spider don’t exactly inspire fear, but cybersecurity professionals have long used them as shorthand for hacker groups. Now, some security pros are trying to end this cuteness overdose.

Listen Now
 

WSJ Pro Cybersecurity CyberIndex

We’re introducing a weekly feature in the newsletter that tracks the biggest swings in the stock prices of the largest cybersecurity companies.

Our CyberIndex is a basket of the top 20 companies by market capitalization that are engaged wholly or principally in providing cybersecurity products and services, selected by WSJ Pro Cybersecurity.

  • Each Monday, we’ll show which stock gained the most, and lost the most, in the past week of trading, and compare them with a weighted average of the securities in the index.
  • The index: Akamai Technologies, Check Point Software Technologies, Cisco Systems, Cloudflare, CrowdStrike, Cyberark Software, F5, Fortinet, Leidos, Lumen Technologies, Motorola Solutions, Okta, Palo Alto Networks, Qualys, Rubrik, SailPoint, SentinelOne, Tenable, Varonis Systems and Zscaler.
 

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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