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CNN —California will now let insurance companies consider climate change when offering policies, in exchange for a mandate requiring them to offer coverage in wildfire-prone areas, state leaders announced on Thursday. “We are at a major crossroads on insurance after multiple years of wildfires and storms intensified by the threat of climate change,” California Insurance Commissioner Ricardo Lara said in a statement. Insurance companies will give priority to homeowners and businesses who have taken steps to harden their properties to disasters like wildfires, floods and windstorms. Regulators believe that will help Californians to move off the FAIR plan. It is critical that California’s insurance market works to protect homes and businesses in every corner of our state,” Newsom said in a statement.
Persons: , Ricardo Lara, ” Lara, Gavin Newsom, Lara, “ We’re, ” Newsom Organizations: CNN, FAIR, California Gov, Insurance Locations: California
National Basketball Association superstar Kevin Durant and business partner Rich Kleiman on Tuesday announced the launch of a new advisory firm under the duo's Boardroom media company. The firm, Boardroom Advisory, will operate on a yearly fee structure and work with athletes as well as executives and brands on creating business and sports ownership opportunities, content and more, the company said in a press release. "Boardroom Advisory is a natural extension of the brand, and is a way for us to bring our resources to other athletes." The firm doesn't intend to compete with agencies and will work in tandem with athletes' preexisting representatives, a spokesperson for Boardroom said. Durant is among a slew of superstar athletes to branch out in the sports media and entertainment world.
Persons: Kevin Durant, Rich Kleiman, Durant, Lebron James, Cristiano Ronaldo, Kleiman, Lorenzo McCloud, James Harden Organizations: Mobile, National Basketball Association, Tuesday, NBA, SpringHill, Soccer, Nike, ESPN, Golden State Warriors, Oklahoma City Thunder, Brooklyn Nets, Phoenix Suns, Philadelphia 76ers, CNBC Locations: Puerto Rico, U.S, Las Vegas, Durant
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 19 (Reuters) - A Chinese blockade of Taiwan would likely fail and a direct military invasion of the self-ruled island would be extremely difficult for Beijing to carry out successfully, senior Pentagon officials told Congress on Tuesday. China's military in recent years has stepped up activity around Taiwan, which Beijing claims as its territory. However, whether Xi would order taking Taiwan by force, either through military options like a blockade or an invasion is unclear. "I think it is an option but probably not a highly likely option, when you start looking at the military options - much easier to talk about a blockade than actually do a blockade," McGee told lawmakers. He added flatly: "There is absolutely nothing easy about a PLA invasion of Taiwan."
Persons: Dado Ruvic, William Burns, Xi Jinping, Xi, Ely Ratner, Ratner, General Joseph McGee, McGee, Phil Stewart, Idrees Ali, Michael Martina, Patricia Zengerle, Marguerita Choy Organizations: REUTERS, Rights, Pentagon, CIA, Affairs, House Armed Services, People's Republic of China . Army, Pentagon's Joint Staff, People's Liberation Army, PLA, Thomson Locations: Taiwan, Beijing, U.S, People's Republic of China, China
Michelle Lujan Grisham's emergency order suspending the right to carry firearms in public in and around Albuquerque drew an immediate court challenge from a gun-rights group Saturday, as legal scholars and advocates said they expected. The governor, a Democrat, said the 30-day suspension, enacted as an emergency public health measure, would apply in most public places, from city sidewalks to parks. The top Republican in the New Mexico Senate, Greg Baca of Belen, also denounced Lujan Grisham’s order as an infringement on the gun rights of law-abiding citizens. Levinson said she was not aware of any other governor taking a step as restrictive as Lujan Grisham. “I don’t think it will be a political loss for (Lujan Grisham) to be overturned,” Levinson said.
Persons: Michelle Lujan, Foster Haines, Lujan Grisham, , Jessica Levinson, Sam Bregman, Albuquerque Mayor Tim Keller, Harold Medina, Bregman, Bernalillo County Sheriff John Allen, , ” Allen, ” Medina, Gilbert Gallegos, Levinson, ” Levinson, Dudley Brown, Greg Baca, Lujan Grisham’s, Dan Lewis, Gavin Newsom, Jacob Charles, ” Charles, ” ___ Ritter, Stern, Sonner, Rio, Morgan Lee, Terry Tang, Felicia Fonseca Organizations: New, New Mexico Gov, National Association for Gun Rights, Loyola Marymount’s Loyola Law School, Democratic, Saturday, Albuquerque Mayor, Police, Bernalillo County Sheriff, U.S . Department of Justice, Press, Republican, New Mexico Senate, Council, of Health, California Gov, Democrat, Pepperdine Caruso School of Law, Las Vegas, Associated Press, America Statehouse News Initiative, America Locations: New Mexico, Albuquerque, U.S, Los Angeles, Bernalillo County, Bernalillo, Taos County, , Colorado, Belen, Las, Reno , Nevada, Las Vegas, Santa Fe, , New Mexico, Phoenix, Flagstaff , Arizona
Analysts at Barclays have identified electrification as a "mega theme" and have named several stocks set to benefit. "The electric grid plays a key electrification and energy transition role," they said. Barclays' overweight rating corresponds to a buy recommendation. Barclays is overweight-rated on General Electric despite its plans to spin off GE Vernova, which comprises its power, renewable energy, digital and energy financial services businesses, in 2024. GE expects Vernova organic revenue to rise by mid single-digits on the year, with its renewable energy division revenue up high single-digits.
Persons: — CNBC's Michael Bloom Organizations: Barclays, U.S . Department of Energy, Stock, Schneider Electric, nVent, General Electric, GE Vernova, GE Locations: U.S, North America
The Liang Bua cave excavation site, where the fossils of Homo floresiensis were discovered on the island of Flores in Indonesia. A 3D cast of the skeleton of Homo Floresiensis on display at Stony Brook University, part of the State University of New York system. The Liang Bua team named the species Homo floresiensis after the island where the fossils were discovered. Sutikna said that a thick layer of volcanic ash was found just on top of the layer where Homo floresiensis was first found. And above the volcanic ash layer, we did not find any fossils of Homo floresiensis or other ancient animals,” he said.
Persons: Thomas Sutikna, trowel, Liang Bua, Sutikna, , floresiensis, Achmad Ibrahim, Saptomo, Tim Wiencis, Mike Morwood, Liang, hobbitus —, floresianus —, Paige Madison, Bert Roberts, Robert Pearce, Bua, Homo erectus, erectus, chimplike wristbones, Lucy, australopithecines, Chris Stringer, “ I’m, ” Stringer, , luzonensis, Matt Tocheri, Flores, Mata Menge, Flores hobbits, Tocheri, ’ There’s, Stringer, it’s, ” Tocheri, ” Madison, we’re Organizations: CNN, Indonesia’s, Archaeometric Research, Research and Innovation Agency, Stony Brook University, State University of New, University of Wollongong, Sydney Morning Herald, Fairfax Media, AP, Lakehead University, Smithsonian Institution Locations: Indonesian, Liang, Flores, Indonesia, Jakarta, Stony, State University of New York, Australian, Australia, Africa, Java, Asia, London, South Africa, Philippines, Yogyakarta, Canada, Thunder Bay , Ontario, It’s, Madison, Sulawesi
Take Five: A September to remember?
  + stars: | 2023-09-01 | by ( ) www.reuters.com   time to read: +5 min
[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. 1/ SCARY SEPTEMBERNow the Federal Reserve's Jackson Hole confab is over, investors are strapping in for a potentially volatile month. Reuters Graphics2/ THE SICK MAN OF EUROPEGermany looks likely to be the only major economy to contract this year. No wonder the region's economic powerhouse is once again being called the sick man of Europe. But economists are sceptical, noting that at just 0.2% of GDP, the package is no game-changer and that the sick man will need more medicine.
Persons: Brendan McDermid, Ira Iosebashvili, Kevin Buckland, Dhara Ranasinghe, Libby George, Naomi Rovnick, Jackson, Jerome Powell, Olaf Scholz, Xi Jinping, Philip Lowe, Michele Bullock, BoE, Amanda Cooper, John Stonestreet Organizations: New York Stock Exchange, REUTERS, Federal, Reuters, ECB, Germany's, Reserve Bank of Australia, Traders, Bank of, British Retail Consortium, Reuters Graphics, Thomson Locations: New York City, U.S, Ira, New York, Tokyo, London, Germany, Europe, Pakistan, Sri Lanka, Ghana, Zambia, Delhi, China, Bullock, Bank of England, Halifax
Republicans have criticized how Biden and the federal government responded to the Hawaii fires, though officials in the state praised the support they received from the White House. “I let each governor I spoke with know if there’s anything the states need right now, I’m ready to mobilize that support,” Biden said. Biden visited the island early last week, pledging sustained federal support for the island and its residents. Biden signed an emergency declaration Monday unlocking federal resources and said Tuesday he was in “constant contact” with authorities from Florida. The US Coast Guard is supporting search and rescue, and there are three disaster survivor assistance teams deployed in Florida.
Persons: Joe Biden, Hurricane Idalia, Biden, Deanne Criswell, Idalia, Criswell, , ” Biden, Ron DeSantis, Brian Kemp, Henry McMaster, DeSantis Organizations: CNN, Hurricane, FEMA, White, Ukraine, Florida Gov, Georgia Gov, South Carolina Gov, Florida Republican, Department of Energy, Republican, US Coast Guard, US Department of Agriculture’s Food, Nutrition Service, US Army Corps of Engineers Locations: Hawaii, Florida, Maui, United States of America, Georgia, East Coast, West Coast
And they are closely scrutinizing a number of the migrants as possible criminal threats, according to two US officials. The security of the southern border has been a political sticking point between Republicans and the Biden administration. John Moore/Getty Images/FILEAdministration officials have also grappled with limited resources as they face a growing number of migrants at the US southern border. In July, border authorities encountered more than 183,000 migrants at the US southern border, according to US Customs and Border Protection data. Both the Biden and Trump administrations have been forced to wrestle with similar cases of suspected terrorists trying to enter the country at the southern border.
Persons: Adrienne Watson, Joe Biden’s, Biden, ” Watson, John Moore, Christopher Wray, ” Wray Organizations: CNN, FBI, ISIS, National Security, Staff, Department of Homeland Security, Turkish, Biden, DHS, Administration, US Customs, Trump, Migrants Locations: Mexico, United States, Uzbekistan, Central Asia, China, Russia, Asia
“My mother said to always plant forsythia where people can see it, so it greets you, because it’ll be the first thing in bloom,” Ms. Harden said. Last fall, Ms. Harden, 64, wrapped filming on “Knox Goes Away,” a thriller with Michael Keaton and Al Pacino that will make its premiere at the Toronto International Film Festival in September. This fall, she is reprising her role as the acerbic reporter Maggie Brener in the third season of Apple TV’s “The Morning Show,” alongside Reese Witherspoon and Jennifer Aniston. But while Ms. Harden, who won a best supporting actress Oscar for her role as Lee Krasner in the 2000 film “Pollock,” also has a home in Los Angeles, she spends most of her time off here in upstate New York. (This interview was conducted before the continuing strike by the SAG-AFTRA union.)
Persons: Marcia Gay Harden, , it’ll, Ms, Harden, , “ Knox, Michael Keaton, Al Pacino, Maggie Brener, Reese Witherspoon, Jennifer Aniston, Oscar, Lee Krasner, “ Pollock, Organizations: ATV, Toronto, Apple, SAG Locations: New York City, Mountaindale, Los Angeles, New York
The suits allege that downed power lines operated by the company contributed to the deadliest U.S. wildfire in more than a century. The wildfire risk posed by aboveground power lines is well documented. Lives lost, billions in damagesThe Maui fires have killed at least 115 people with hundreds still missing. But Mitchell said insulating aboveground power lines with a protective covering is also an effective solution that is cheaper and can be rolled out more quickly. There is also technology coming to market that can de-energize power lines automatically when there's a problem, he said.
Persons: Mike Blake, Fitch, Berkshire Hathaway's, Paul Starita, They're, Singleton Schreiber, Alexandra von Meier, von Meier, Marshall, Michael Dougherty, Bob Frenzel, Xcel, Berkshire Hathaway, PacifiCorp, aboveground, Scott Aaronson, Aaronson, Joseph Mitchell, Mitchell Organizations: Reuters Electric, Hawaiian Electric, National Weather Service, Hawaii Electric, . Pacific Gas & Electric, PG, Xcel Energy, U.S . Forest Service, University of California, Moody's, Fitch, Electric, Alcohol, Tobacco, Firearms, Explosives, Xcel, Marshall Fire, Marshall, Boulder, Labor, Fire, American Society of Civil Engineers, ASCE, The Edison Electric Institute, California Public Utilities Commission Locations: Lahaina, Maui, Hawaii, U.S, Maui County, Hurricane, California, Berkshire, Berkshire Hathaway's PacifiCorp, Oregon, Colorado, Berkeley, Minnesota, Boulder County, Paradise, Golden
Sports betting and gambling companies have raised $150 million from VCs so far in 2023, according to PitchBook data. US sports betting and gambling startups have raised about $150 million in VC funding through mid-August of this year, per PitchBook, which tracked 25 deals during that time frame. Here are the top 11 companies that have gotten the most funding in 2023 through mid-August, according to PitchBook:1) Jackpot.com — $42 million. The more than 50-year-old casino technology and data company closed the investment from VCs. Oddsworks, a gaming company offering more than 100 games for online and land-based casinos, raised early-stage funding.
Persons: Joey Levy, Jake Paul, Roger Ehrenberg's, James Harden, Joel Embiid, PlayerProfile, Oddsworks Organizations: Roger Ehrenberg's Eberg Capital, Arctos Sports Partners, Bettor, Courtside Ventures, Dallas Cowboys, New York Yankees, Acres, Exchange, Boom Entertainment, Oyster Ventures, Touchdown Ventures, Eberg, IA Sports Ventures, Ikigai Ventures, Trinity West Ventures Locations: VCs
That’s why we love these simple, affordable recipes that help you curate an impressive dinner party without breaking the bank. Tara Donne / Food NetworkGet the Recipe: White SangriaWarm Marinated OlivesWhen it comes to affordable appetizers, it doesn’t get much easier than a plate of marinated olives. Food NetworkGet the Recipe: Stuffed MushroomsGoat Cheese Mashed PotatoesMashed potatoes are perfect for a party—they’re irresistible, affordable and a total crowd pleaser. Either way, they’re easy and affordable to make, and your guests won’t be able to resist a second helping. Matt / Food NetworkGet the Recipe: Chicken EnchiladasMini Cheese BallsThese cheese balls make an adorable appetizer.
Persons: Tara Donne, you’re, Renee Comet, Johnny Miller, Pasta, Charles Masters Organizations: Buffalo, Food Locations: Kalamata, Worcestershire
Bill Lee of Tennessee began a push in April to address public safety, his family was grieving the loss of two close friends, both educators killed in a mass shooting at a Nashville Christian school. His call for millions of dollars to harden school security was embraced by Republicans in the legislature, who flanked him during a formal announcement. But days later, when Mr. Lee, a Republican, decided to go further and ask for an order of protection law that could temporarily restrict an individual’s access to firearms, he stood alone for the announcement. The legislature would wrap up its work by the end of the month without taking a vote to pass it. Now, Mr. Lee has summoned lawmakers back to Nashville on Monday for a special session on public safety that could include consideration of a limited version of the law.
Persons: Bill Lee of, Lee Organizations: Gov, Nashville Christian, Republicans, Republican Locations: Bill Lee of Tennessee, Nashville
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Persons: Dow Jones Locations: asia
Hong Kong CNN —NBA star James Harden expressed disbelief after Chinese fans snapped up 10,000 bottles of his own-branded wine in seconds, demonstrating the massive reach of livestreaming in the country, where basketball is loved by millions. “How many bottles do you usually sell in a day … from one store?” Yang asked Harden, who replied: “A few cases.”Yang then told the star to watch how quickly they could sell them. Go!” Yang told viewers. Basketball is enormously popular in China, in no small part thanks to Chinese legend Yao Ming’s Hall of Fame NBA career. That popularity among hundreds of millions of Chinese fans translates to lucrative sponsorship deals for the league and its star players.
Persons: James Harden, Brother Yang, Harden, ” Yang, ” Harden, Harden’s livestream, Yao Ming’s, there’s, Daryl Morey, Hong Kong’s, ” Morey, , Morey –, “ Daryl Morey Organizations: Hong Kong CNN — NBA, Philadelphia 76ers, Tuesday, Global Times, NBA, of Fame NBA, Houston Rockets, Hong, CCTV, Rockets, Morey, 76ers, NBA.com Locations: Hong Kong, livestreaming, China, United States, Beijing
The new lawsuit, first obtained by NBC News, alleges that Hawaiian Electric helped set the stage for the monstrous wildfires last week. The plaintiffs allege years of inaction and negligence by the utility company, and argue that the firm should have had plans in place to shut down power systems before fierce winds blew across Hawaii. "Hawaiian Electric is not just responsible and they weren't just negligent," said Mikal Watts, a lead attorney on the case. Hawaiian Electric Company declined to comment on the pending lawsuits, saying that would violate an internal policy. Darren Pai, a spokesperson for the company, said Hawaiian Electric was aware of the allegations but remained focused on restoring power to Maui.
Persons: Mikal Watts, Darren Pai, Watts, Pai Organizations: NBC News, Electric, Hawaiian Electric Company, Hawaii Public Utilities Commission Locations: Lahaina , Hawaii, Hawaii, Maui, California, Lahaina
Tom Brady and Michael Phelps have more in common than being top professional athletes; both Brady and Phelps were trained by performance coach, Greg Harden , to mentally prepare for the major moments in their careers like Super Bowls and the Olympics. That he is a human being who's been prepared, who's practiced, trained and rehearsed to give 100%, 100% of the time." "If you've given [it] everything you've got, win, lose or draw, you're my guy, you're my girl, you're my person," Harden says. "I need you to get so excited," Harden adds, psych yourself up to "go have some fun." "When you're in that pool, and you're training to be the best, you have to be so trained mentally."
Persons: Harden, Tom Brady, Michael Phelps, Brady, Phelps, Greg Harden, it's, who's, you've, didn't, " Harden, Warren Buffett Organizations: CNBC, NBA, NHL
To Steven Schwartz, the side hustle was a necessity: He wanted rare Nike Kobe 7 Easter shoes, and his parents wouldn't pay for them. Now in their mid-20s, Schwartz and Zoub still work together, along with a third partner named Jack Sharkey. They're the co-founders of Whop, a tech marketplace that's like "Etsy for software products," Schwartz says. (Whop reviewed the estimate, but declined to offer specifics.) But Whop wasn't an overnight success.
Persons: Steven Schwartz, Cameron Zoub, Schwartz, Zoub, Jack Sharkey, They're, Whop, Peter Thiel, James Harden Organizations: Nike Kobe, Whop, CNBC
CNN —Philadelphia 76ers star James Harden called his own team’s president Daryl Morey “a liar” in a surprising attack amid ongoing trade speculation surrounding the 2018 NBA Most Valuable Player. Tim Nwachukwu/Getty Images/FILEWojnarowski reported on Saturday that the team broke off trade talks and expected Harden to return to training camp. “Harden has been emphatic in wanting a trade, so the Sixers are setting up an uncomfortable situation to start camp. Ultimately, Philadelphia wouldn’t make a trade that they believed would compromise their title hopes,” Wojnarowski posted on social media on Saturday. Just over a year later, he was traded to the 76ers from the Nets after rumors of his desire to leave Brooklyn had surfaced.
Persons: James Harden, Daryl Morey “, “ Daryl Morey, ” Harden, Daryl Morey, Morey, Harden, ESPN’s Adrian Wojnarowski, old’s, Tim Nwachukwu, “ Harden, ” Wojnarowski Organizations: CNN — Philadelphia 76ers, NBA.com, CNN, Sixers, 76ers, Saturday, Houston Rockets, Star, Rockets, Brooklyn Nets, Nets Locations: China, Camden , New Jersey, Philadelphia, Brooklyn
The Future of Rap Is Female
  + stars: | 2023-08-09 | by ( Niela Orr | Photographs Adrienne Raquel | ) www.nytimes.com   time to read: +22 min
The Future of Rap Is Female As their male counterparts turn depressive and paranoid, it’s the women who are having all the fun. In the mid-’80s, the dynamics shifted slightly, when UTFO released “Roxanne, Roxanne,” a comical torch song dissing a woman who rejected the men’s advances. Like good sex, raunchy rap is only fun if all parties are completely enthusiastic, and this music provides necessary female perspectives to match what the men make. In Miami one weekend in late July, Rolling Loud, one of the biggest annual hip-hop festivals, made itself into a microcosm of the rap world. There’s a relentless gender pessimism in the air, too — on the street, on dating apps, in the Supreme Court and, of course, in rap music.
Persons: Sackler, Drake, Foley, Yung Miami, Wu, Da, Tupac Shakur, Nicki Minaj, Cardi, Megan Thee, there’s, , There’s Latto, Jung Kook, , Diana ”, Boy’s, Red’s, Munch, Rodney Dangerfield, munch, ” MAIYA, “ We’re, Lil Baby, Flo Milli, , ” Flo Milli, Ginger Rogers, Fred Astaire —, Debbie D, Lisa Lee, Mercedes Ladies, UTFO, Roxanne, Lolita Shanté Gooden, Gooden, ” FLO MILLI, Roxanne Shanté, Clover Hope, M.C, Brian Coleman, Lyte, Ruff Ryders, it’s, Missy Elliott, Lauryn Hill, Kash Doll, SKODI LOLA BROOKE, Lil ’ Kim, “ I’m, I’m, ” That’s, Lolita Gooden, Greta Gerwig’s “ Barbie ”, James Harden, P.J, Tucker, KENTHEMAN “, I’ve, Playboi Carti, Travis Scott, Grace Jones, Benzino, blowin, ignorin ’, Berry hairdo, Grandmaster Flash, It’s, ” —, ” Leray, VETTE, CHANEL, ” Flo, Cartier, “ Lyte, Flo Organizations: YouTube, Girls, City Girls, Public, Down Productions, Wu -, Digital, City, Memphis, Brooklyn Locations: Miami, Wu - Tang, , Bronx, Mobile , Ala, y’all
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should take profits in stocks and assess risks to market, says Summit Global's David HardenDavid Harden, Summit Global Investments CEO and CIO, joins 'The Exchange' to discuss Harden's gut reaction to Fitch's rating downgrade of U.S. debt, what this means for stocks and bonds, and more.
Persons: David Harden David Harden Organizations: Summit Global Investments
The new cybersecurity rule will require companies to disclose a cyber breach within four days after determining it is serious enough to be material to investors. The rule would allow delays if the Justice Department deems them necessary to protect national security or police investigations, according to the SEC. The AI proposal, if issued by the commission, would require broker-dealers to "eliminate or neutralize" any conflict of interest that occurs if a trading platform's predictive data analytics puts the broker's financial interest ahead of that of the firm's clients. SEC Chair Gary Gensler had previewed the AI rule in recent weeks, noting the use of AI also posed a danger to financial stability. According to a regulatory agenda, the SEC is also planning to issue a similar proposal governing the use of AI by investment advisers.
Persons: Gary Gensler, Douglas Gillison, Chris Reese, Mark Porter Organizations: U.S . Securities, Exchange Commission, Justice Department, SEC, Companies, Investment, Thomson
CNN —After decades of somewhat distant relations, Russia and Cuba are working closely together again — this time, as part of Vladimir Putin’s war in Ukraine. Cuba's Minister of Foreign Affairs, Bruno Rodriguez, and Russian Foreign Minister, Sergey Lavrov, meet in Havana on April 20, in a show of deepening ties between the countries. In addition to deepened connections with Russia, Cuba has allowed China to build a secret espionage facility on the island. Washington will respond to Russian military escalation in Cuba with its own escalating force, as it already has done with the recent deployment of a nuclear submarine. Military escalation around Cuba is a dangerous temptation for Russia and a difficult trap for the US.
Persons: Jeremi Suri, Mack Brown, America’s, Vladimir Putin’s, Jeremi Suri Korey Howell, Nikolai Patrushev, Igor Sechin, Rosneft, Sergey Lavrov, , Manuel Marrero Cruz, Putin, Alvaro Lopéz Miera, Sergei Shoigu, Shoigu, ” Shoigu, , Gerardo Peñalver, Bruno Rodriguez, Ramon Espinosa, Miguel Diaz, Canel, Obama, White, Nikita Khrushchev, John F, Kennedy, Khrushchev, Biden, — Khrushchev Organizations: Leadership, Global Affairs, University of Texas, History Department, LBJ School, Democracy, CNN, Russian Security Council, Cuban, Russian, Cuba's, Foreign Affairs, Russian Foreign, Getty Images, year’s, Russian Navy, Caribbean Military, Trump, Biden, Soviets, Pentagon, US, USS, Cuban Ministry of Foreign Affairs, US Navy, West, Washington, Hulton, Getty, White, Republican, Russia, Ukraine, Twitter, Cuban Missile Locations: Austin, Russia, Cuba, Ukraine, Russian, Havana ., — Venezuela, Nicaragua, Moscow, Caribbean, Washington, Havana, Getty Images Cuba, America, China, Lourdes, USS Pasadena, Guantanamo, American, Soviet, West Berlin, Europe, Putin, Florida, Afghanistan, Turkey
Victims of Cyberattack on File-Transfer Tool Pile Up
  + stars: | 2023-07-19 | by ( Catherine Stupp | ) www.wsj.com   time to read: +6 min
The list of companies hit by a cyberattack on a widely used software tool continues to expand and several victims have filed lawsuits alleging mishandling of data. The continued disclosure of new victims affected by hackers exploiting a vulnerability in MoveIt, a common file-transfer tool from Progress Software, underscores how cyberattacks can ripple through supply chains. Some companies have been drawn into data breaches without having used MoveIt because their business partners use it. The Cl0p ransomware group has taken responsibility for the cyberattacks and posted data from some victims on its underground website. A 2021 cyberattack on a tool similar to MoveIt—Accellion’s File Transfer Appliance—had similar ripple effects.
Persons: , Brett Callow, cyberattacks, Callow, Genworth, PBI, , Shell, Rob Carr, Suzie Squier, Johns, Johns Hopkins, Emsisoft’s Callow, Catherine Stupp Organizations: Progress Software, . Progress, Progress, Shell, BBC, Energy Department, Genworth Financial, Social, PBI Research Services, U.S . Department of Health, Human Services, Colorado State University, BG Group, Johns Hopkins University, Getty Locations: British, MoveIt, Kaseya, Johns Hopkins
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