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How to Measure Cybersecurity Spending: WSJ Readers Weigh In

By Kim S. Nash

 

Hello. Cyber metrics are evolving as this relatively young discipline sees more data from perpetual hacking and the real-life financial consequences.

We asked readers whether there are metrics that are inherently more meaningful than, say, cyber spending as a percentage of revenue, which is one common benchmark. Responses poured in on this hot topic! Read our full story.

Also today: 

  • Insurance broker to settle breach suit for $14 million
  • Finalists in AI-for-bug-hunting contest make their code open source
  • FCC to tighten cyber rules for undersea cable providers
  • And more 
 

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More Cyber News

PHOTO: OZAN KOSE/AFP/GETTY IMAGES

Ill-gotten gains: The U.S. and international partners seized $1 million in bitcoin last month in a take-down of BlackSuit and Royal ransomware operations. The groups have been linked to Russian hackers and have hit more than 450 organizations globally, the Department of Homeland Security said Monday. (TechCrunch)

Insurance broker Keenan & Assoc. agreed to pay $14 million to settle a data-breach lawsuit stemming from a cyberattack two years ago. Consumers can claim up to $10,000 for documented losses traced to Keenan's breach. About 1.5 million people were affected. (ClassAction.org)

Tighter rules for undersea cables: Non-U.S. companies applying to lay undersea internet and communications cables must meet new physical and cybersecurity requirements from the Federal Communications Commission.

  • There are 90 cable sets in place and the FCC expects a surge in installations as companies and governments build data infrastructure. (CyberScoop)

Innovation: A group of software and AI experts known as Team Atlanta won first place and a $4 million prize in a U.S. contest to fast-track systems that use artificial intelligence to find and fix security holes. The contest was held by the Defense Advanced Research Projects Agency, the R&D unit of the U.S. Defense Department. 

  • Team Atlanta includes members from Georgia Tech, Samsung Research, the Korea Advanced Institute of Science & Technology and the Pohang University of Science and Technology. 
  • All seven finalist teams will make their software open source. DARPA provides more details here. 
$250,000

Reward that Google paid to a bug bounty hunter earlier this year for finding a vulnerability in the Chrome browser that could let hackers jump out of the browser's security sandbox. 

The highest bug bounty Google paid last year was $110,000. (SecurityWeek)

 

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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