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Cyber Stocks Slide With Tech Sector

By Kim S. Nash

 

Hello. Declines in tech stocks intensified Wednesday, spreading from software into semiconductor shares and other companies linked to the infrastructure buildout for artificial intelligence. And cyber stocks went right along with them.

The Nasdaq composite posted consecutive 1% declines for the first time since April’s tariff chaos.

At the closing bell Wednesday, Cisco, F5 and Leidos were the only companies in the WSJ Pro Cyber Index to finish higher compared to the start of trading Monday. Down the most were Lumen, which lost 25%, Varonis at 21% and Tenable at 11%.

More news below.

 

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More Cyber News

PHOTO: YONHAP NEWS/ZUMA PRESS

Cyber defense: Winter Olympics websites, local hotels and some of Italy's foreign ministries have fended off cyberattacks linked to Russia over the past few days, Antonio Tajani, Italy's foreign minister, said Wednesday. He didn't provide details. (Associated Press)

  • More than 6,000 cyber and physical security specialists are on hand to protect the Games, using drones, robots and a cybersecurity command center. (New York Times)

Quantum order to come: The Trump administration is working on an executive order to boost the development of quantum computing technologies. Steps include partnerships with U.S. allies and updating a national quantum strategy created jointly by several federal agencies in 2018.

  • The Energy Department, Commerce, National Science Foundation and NASA would be tasked with leading the new plan. (NextGov)

Cyber insurer Beazley to be acquired by Zurich. Swiss insurance giant Zurich offered £8 billion, or about $10.9 billion, for the U.K.'s Beazley, which is one of the world's largest providers of cyber insurance, along with fine arts and yacht coverage. (Guardian)

$217 million

Estimated 2025 sales lost by auto-parts maker Lear due to a cyberattack at customer Jaguar Land Rover last year that halted production for weeks at the U.K. car company. The incident cost Lear about $54 million in operating earnings for the year. 

 

From Dow Jones Risk Journal

Japan and the United Kingdom agreed to expand cooperation on cybersecurity, energy and critical minerals, during U.K. Prime Minister Keir Starmer’s visit to Tokyo.

  • The Strategic Cyber Partnership agreed by both countries establishes cooperation in three areas: sharing intelligence on cyber threats and publicly naming attackers, protecting critical infrastructure through shared best practices and aligned regulations and collaborating on cyber workforce development and emerging technologies.

Read the full story in Dow Jones Risk Journal.

 

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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