Hello. In a lawsuit filed Thursday in the Southern District of New York, Palantir alleged that two former workers violated noncompetition agreements after leaving the company and working on a “copycat” business—Percepta—owned by the venture-capital firm General Catalyst.

Palantir, a data-analysis firm one of whose early backers was the Central Intelligence Agency, further alleged that Cohen stole a set of highly confidential documents before departing. Read the full WSJ story.

More news below.

• Risk chief Andrew Monaghan will take over cybersecurity oversight, the memo said, with CISO Matt Biber to report to him.

Telecom providers are likely to get reprieve from cyber regulations. The Federal Communications Commission is set to vote in November on a proposal to kill cyber rules put in place under prior leadership that required telecom companies to secure their networks against hackers. (Cybersecurity Dive)

• The rule isn't sufficient to protect against hacking and oversteps the FCC's authority, FCC Chair Brendan Carr said in a blog post. 
• Instead, the November meeting will outline "substantial steps" the agency and telecom sector have taken to strengthen cyber protections, Carr said.

How to secure Microsoft Exchange: U.S., Australian and Canadian cyber authorities issued guidance for protecting Microsoft Exchange systems as the threat to the widely used technology "remains persistent." 

• Patching is the most effective defense, the guide said. "Malicious cyber actors can quickly develop exploits within days of patch releases, so updates should be applied as soon as practicable," it said. 
• Getting rid of old versions of the technology and enabling built-in mitigation procedures are also critical. Details are here. 

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.