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PHOTO: MICHAEL NAGLE/BLOOMBERG NEWS
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T-Mobile is still paying for a 2021 cyberattack. The telecom provider reported $16 million in legal and compliance costs in 2025 related to a hack detected in August 2021. An investigation showed the attackers broke in five months earlier. T-Mobile is working through regulatory inquiries over the incident. The bulk of costs are behind it, including $350 million to settle a consolidated class action and $150 million to bolster cybersecurity.
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Japan's Asahi Breweries said its beer sales dropped 11% in January as the company continues to contend with lower shipments since a September cyberattack. The personal data of about two million customers was compromised in the hack, Asahi said Thursday. (Kyodo News)
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Nation-state hackers are using Google's AI. Google's threat intelligence group has observed Iran-linked attackers using the company's Gemini AI tools for doing reconnaissance and North Korean hackers for troubleshooting malware.
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What Google hasn't seen is Gemini automating big chunks of a campaign, the company said. (CyberScoop)
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Private-equity firms price cyber risk into deals. The average financial impact of a cyber incident on a deal valuation is $2.1 million, according to 325 PE executives surveyed by risk-management company Kroll. Less tangible costs include regulatory probes and delays in completing deals, Kroll said. (Insurance Business)
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Security-camera dragnet: Most people get security cameras to deter criminals, or at least catch bad guys in the act. But core privacy questions, like what happens to the videos and who owns the footage, should be part of the calculus when installing the devices. (WSJ)
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Password manager LastPass agreed to pay up to $24.45 million to settle litigation over a 2022 cyberattack in which hackers stole source code and other data that later let them compromise user accounts. The sum includes up to $16.25 million to cover cryptocurrency losses. The other $8.2 million is marked for users of other kinds of accounts, according to the settlement.
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Claimants will also receive six free months of LastPass's premium account service and dark web monitoring.
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🎧 Listen: As the Trump administration targets diversity initiatives, Nike faces growing legal scrutiny over programs once seen as governance best practice. Also, companies find that AI isn’t a silver bullet. James Rundle hosts.
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