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Kim S. NashKim Nash is an editor who manages a team of reporters covering cybersecurity and data-privacy issues for The Wall Street Journal's Pro unit in New York. Kim guides her team to write frequently on what works and what doesn’t in corporate cybersecurity efforts, from a management and technological viewpoint. The team also explores how regulatory policy and threats to critical infrastructure help and hinder corporate protection and privacy. Of great importance is how C-suite executives collaborate among each other and with the board of directors to oversee cybersecurity. Kim joined the Journal from CIO Magazine, where she was managing editor, working with freelance reporters and writing cover stories for the then-monthly publication.
Persons: Kim S, Nash Kim Nash, Kim Organizations: cybersecurity, Magazine Locations: New York
BlueVoyant’s $140 million investment round is one of the larger such transactions in the cybersecurity market this year. Photo: RSA ConferenceCybersecurity company BlueVoyant has bought Conquest Cyber, a startup focused on the government and defense sectors, its fifth acquisition since 2020. BlueVoyant Chief Executive James Rosenthal said his company also closed a Series E funding round of more than $140 million, which facilitated the acquisition. Private-equity firm Liberty Strategic Capital and cybersecurity investor Istari led the round.
Persons: BlueVoyant, James Rosenthal, Istari Organizations: Conference, BlueVoyant, Private, Liberty Strategic Capital
Todd McKinnon, co-founder and CEO of Okta, shares lessons learned from the security breach that his organization experienced in early 2022. Okta is delaying product updates and internal projects by 90 days as it works to shore up its security architecture. “The stakes are high and we will do whatever it takes to protect our current and future customers,” Chief Executive Todd McKinnon said in an earnings call Wednesday evening. “Bolstering our security environment is by far the highest priority for Okta. No other project or product-development area is more important,” he said.
Persons: Todd McKinnon, Okta, Organizations:
An attorney for SolarWinds calls the SEC’s lawsuit ‘overreach.’ Photo: sergio flores/ReutersThe Securities and Exchange Commission on Monday sued SolarWinds , the software company victimized by Russian-linked hackers over three years ago, alleging the firm defrauded shareholders by repeatedly misleading them about its cyber vulnerabilities and the ability of attackers to penetrate its systems. The SEC’s lawsuit is a milestone in its evolving attempt to regulate how public companies deal with cybersecurity. A hack that steals business secrets or customer data often pummels the victim company’s stock price, showing why firms with public shareholders have to accurately disclose such threats, the SEC says. The regulator recently imposed stricter cybersecurity reporting rules for public companies.
Persons: , sergio flores, SolarWinds Organizations: , Reuters, Securities, Exchange Commission, Monday, cybersecurity, SEC
Aura Sells Cybersecurity to Regular People
  + stars: | 2023-07-05 | by ( Kim S. Nash | ) www.wsj.com   time to read: +5 min
Hari Ravichandran, chief executive of Aura, wants families—from children to their grandparents—to take charge of their personal cybersecurity. Ravichandran spoke with WSJ Pro about Aura’s challenges, and how it uses artificial intelligence to make cybersecurity invisible. With cybersecurity, people don’t think about a lot of the basic views from which your data can get exploited. In a grandparent scam, for example, somebody calls pretending to be your grandson or a granddaughter saying, “Hey, I’ve been kidnapped. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors.
Persons: Hari Ravichandran, Aura, , Jeffrey Katzenberg, Robert Downey Jr, Ravichandran, Jack Plunkett, it’s, , I’ve, Kim S, Nash Organizations: Federal Bureau of Investigation, Hollywood, DreamWorks, Southwest Locations: kim.nash
The international action conducted Tuesday and Wednesday against Genesis Market, one of the largest so-called initial access brokers in the world, resulted in 119 arrests. The dismantling of Genesis Market follows the arrest last month of a man U.S. prosecutors say ran BreachForums, a site for buying and selling stolen data. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. The Treasury Department on Wednesday sanctioned Genesis Market, a so-called initial access broker in operation since 2018. Genesis Market data was provided to the website Have I Been Pwned, so individuals can check whether their credentials have been compromised.
Broad Pay Ranges Can Hamper Cybersecurity Hiring
  + stars: | 2023-04-04 | by ( Kim S. Nash | Catherine Stupp | ) www.wsj.com   time to read: +3 min
Companies that list wide pay ranges in cybersecurity job descriptions risk setting false expectations and kindling unrest among existing staff. Seven other states have required pay transparency for the past few years. In cyber recruiting, in particular, broad scales can hamper hiring, said Joyce von Seldeneck, founder and chair of Philadelphia-based Diversified Search Group. The last thing a company wants is to go bring candidates through an entire process and disappoint them at the end.”Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. While some management consultants say pay transparency can light a fire under employees to work harder for higher compensation, Matthias Muhlert, chief information security officer at gummy-bear maker Haribo GmbH & Co., isn’t so sure.
ChatGPT Helped Win a Hackathon
  + stars: | 2023-03-20 | by ( Kim S. Nash | ) www.wsj.com   time to read: +3 min
The ChatGPT AI bot has spurred speculation about how hackers might use it and similar tools to attack faster and more effectively, though the more damaging exploits so far have been in laboratories. In its current form, the ChatGPT bot from OpenAI, an artificial-intelligence startup backed by billions of dollars from Microsoft Corp., is mainly trained to digest and generate text. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. PREVIEWTwo security researchers from cybersecurity company Claroty Ltd. said ChatGPT helped them win the Zero Day Initiative’s hack-a-thon in Miami last month. At the contest, Mr. Moshe and his partner succeeded all 10 times they tried, winning $123,000.
Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. Part of the delay, he said, was in getting details from the cloud company, which he declined to name. Cybersecurity companies should be held to a higher standard than others in relaying information about hacks quickly and thoroughly, Mr. Toubba said. The lessons learned from cyberattacks can be just as important as how a company responds to a breach, security chiefs say. LastPass has also rolled out several security tools in its infrastructure, data center and cloud systems, Mr. Toubba said.
That leaves security teams, in real terms, working with fewer resources, Ms. Huth said. Inflation is pushing wage demands higher and the scarcity of cyber professionals—particularly within highly technical industries such as power—means security staff are in demand, Mr. Bojar said. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. Cyber staffs will need to vet third-party services while installing safeguards against new avenues hackers could exploit, Kohler’s Ms. Huth said. Retail giant Amazon.com Inc. hopes to grow its security team, said Chief Security Officer Stephen Schmidt, despite a company-wide hiring freeze and layoffs for up to 10,000 workers elsewhere in the company.
Edge Computing Helps Feed Taco Bell’s Digital Business
  + stars: | 2022-10-20 | by ( Kim S. Nash | ) www.wsj.com   time to read: +5 min
Taco Bell is making aggressive use of edge computing to support the many digital ways customers can place orders, the fast-food chain’s head of technology said. PREVIEW“We took [on] our most critical workloads in order processing and menu data,” Mr. Parizher said. General Electric Co. and Siemens AG , for example, are using edge computing to optimize factory machines in real time. The Wall Street Journal's Steven Rosenbush, left, talks with Vadim Parizher, Taco Bell's vice president of technology, at an online event Thursday. With edge-computing foundations in place, he said, Taco Bell can experiment with connected robotic equipment that can fry food, warm up tortillas or pour drinks.
Cyber and information security has been at the top of their agenda since 2020. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Gartner forecasts that worldwide information security and risk-management spending by end-users will reach $188.336 billion in 2023, up 11.3% from the current year. It’s what boards are talking about,” said Truist Financial Corp. Chief Information Security Officer Howard Whyte. He and Truist CIO Scott Case work closely to understand the Charlotte, N.C.-based bank’s changing attack surface and cybersecurity risk.
Automation is one part of the corporate tech budget unlikely to see cuts as companies tighten spending amid an economic downturn, said Databricks Inc. Chief Executive Ali Ghodsi. The company offers open-source tools for storing and analyzing large troves of data, with a focus on building artificial intelligence applications. Open-source data tools can help avoid lock-in, a scenario in which a tech provider often raises fees or slows innovation over time, he said. Farming and construction equipment maker Deere & Co., for example, is looking to Databricks’ open-source tools to build a repository for data analytics. Mr. Ghodsi declined to put a date on an IPO other than to say it will be “in the not too distant future.”Write to Kim S. Nash at kim.nash@wsj.com
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