The United States should move toward a new model where “target rich, resource-poor” community organizations like hospitals, schools, utilities and municipal governments share their cybersecurity responsibilities with “other, more capable actors” in the government and private sectors. That is the primary conclusion of a new report released Tuesday by the Cyber Resilience Corps, a volunteer…
Category: Money
Congress, cyber insurance, Financial, Global Security News, Money, Policy
Federal cyber insurance backstop should be tied to expiring terrorism insurance law, report recommends
Congress should use renewal of an expiring terrorism insurance program to create a federal backstop for cybersecurity insurance, according to a report out Tuesday that tries to thread many difficult needles to bolster an industry that its author says isn’t developing fast enough. In an ideal world, cybersecurity insurance can be a valuable tool to…
Bank Policy Institute, Financial, Global Security News, Government, Money, Policy
SEC withdrawals cyber rules for investment companies, advisers
The Securities and Exchange Commission is pulling back cybersecurity regulations for investment companies and investment advisers proposed under the Biden administration. In a notice last week, the SEC said it was withdrawing pending rules requiring those companies and advisers to develop written policies to address cybersecurity risks and report significant cybersecurity incidents to the commission.…
Asia Pacific, budget, Financial, Global Security News, Government, Money, Policy
House committee sets CISA budget cut at $135M, not Trump’s $495M
A House panel approved a fiscal 2026 funding bill Monday that would cut the Cybersecurity and Infrastructure Security Agency by $135 million from fiscal 2025, significantly less than the Trump administration’s proposed $495 million. The chairman of the House Appropriations Subcommittee on Homeland Security, Rep. Mark Amodei, said the annual Department of Homeland Security funding…
Cybercrime, Cybersecurity, Financial, Global Security News, Money, Threats
DOJ seizes $7.7M from crypto funds linked to North Korea’s IT worker scheme
Federal authorities on Thursday said they seized $7.74 million from North Korean nationals as they attempted to launder cryptocurrency obtained by IT workers who gained illegal employment and funneled the wages to the North Korean regime. The allegedly illegally obtained funds were linked to Sim Hyon Sop, a representative of North Korean Foreign Trade Bank,…
Android, Cellebrite, Corellium, encryption, Exploits, Global Security News, iOS, Mobile Security, Money, Technology
Cellebrite to acquire mobile testing firm Corellium in $200 million deal
Security technology company Cellebrite has announced plans to acquire Florida-based mobile testing startup Corellium for $170 million in cash, with an additional $20 million converted to equity at closing and the potential for $30 million more based on performance milestones. The Israel-headquartered Cellebrite, known for its forensic equipment that unlocks smartphones, said the acquisition would…
Andrew Garbarino, Asia Pacific, belarus, china, Congress, critical infrastructure, Cybersecurity and Infrastructure Security Agency (CISA), deepseek, Department of Homeland Security (DHS), Global Security News, Government, House Homeland Security Committee, ICE, Kristi Noem, Mobile App Vetting, Mobile Security, Money, Policy, Russia, Salt Typhoon, sector risk management agencies, TikTok
Rep. Garbarino: Ending CISA mobile app security program for feds sends ‘wrong signal’
The chairman of the House Homeland Security subcommittee on cybersecurity is apprehensive about the Department of Homeland Security’s plans to end a program that vets mobile apps for federal agencies. Rep. Andrew Garbarino, R-N.Y., sent a letter to DHS Secretary Kristi Noem on Thursday saying that especially in light of the massive Salt Typhoon telecommunications…
Europe, Global Security News, hornetsecurity, Mergers and Acquisitions, Microsoft 365, Money, proofpoint, thoma bravo, Uncategorized
Proofpoint to acquire Hornetsecurity for over $1 billion
Proofpoint has entered into an agreement to acquire Hornetsecurity Group, a Germany-based provider of Microsoft 365 security services, in a deal reportedly valued at more than $1 billion. The acquisition, described as the largest in Proofpoint’s history, comes amid accelerating consolidation in the cybersecurity industry as companies seek to broaden their offerings to enterprise customers…
Crypto, CryptoCurrency, Cybercrime, Cybersecurity, Exclusive, Exploits, Financial, financial fraud, Global Security News, investigation, investment, Money, money laundering, sophos, Threats
Who needs VC funding? How cybercriminals spread their ill-gotten gains to everyday business ventures
Cybercriminals aren’t so different from the rest of us — they live in the real world, and their spending and investment habits, though funded through crime, can look surprisingly ordinary. Luxury cars and lavish vacations may still grab headlines, but those perks are reserved for the most elite cybercriminals. In reality, everyday businesses — like pizza…
Andrew Garbarino, Asia Pacific, Bennie Thompson, budget, china, CIRCIA, Cybersecurity and Infrastructure Security Agency (CISA), cybersecurity workforce, Department of Homeland Security (DHS), Federal Emergency Management Agency, FEMA, Global Security News, Government, Kristi Noem, Mark Green, Money, regulation, Workforce
DHS won’t tell Congress how many people it’s cut from CISA
The Department of Homeland Security won’t tell Congress how many employees at the Cybersecurity and Infrastructure Security Agency it has fired or pushed to leave, a top congressional Democrat said Wednesday. “You’ve overseen mass reductions in the workforce at CISA and” the Federal Emergency Management Agency, Mississippi Rep. Bennie Thompson, the top Democrat on the…
budget, Chris Murphy, CISA, Cybersecurity and Infrastructure Security Agency, Cybersecurity and Infrastructure Security Agency (CISA), disinformation, Election Security, Gary Peters, Global Security News, Government, House Appropriations Committee, information sharing, Kristi Noem, Lauren Underwood, misinformation, Money, Senate Appropriations Committee
Sen. Murphy: Trump administration has ‘illegally gutted funding for cybersecurity’
Another top appropriations Democrat criticized budget cuts affecting the Cybersecurity and Infrastructure Security Agency, saying the Trump administration has “illegally gutted funding for cybersecurity.” Connecticut Sen. Chris Murphy, the ranking member on the Senate Appropriations Subcommittee on Homeland Security, made his remarks Thursday to Department of Homeland Security Secretary Kristi Noem at a hearing on…
Biden administration, Brandon Wales, budget, CISA, cyber workforce, Cybersecurity and Infrastructure Security Agency, Cybersecurity and Infrastructure Security Agency (CISA), cybersecurity workforce, Department of Homeland Security (DHS), disinformation, Global Security News, Government, misinformation, Money, office of management and budget, social media, supreme court, Trump Administration, U.S. Supreme Court, Workforce
Trump administration proposes cutting $491M from CISA budget
President Donald Trump’s fiscal 2026 budget proposal would slash $491 million from the budget of the Cybersecurity and Infrastructure Security Agency, according to a summary released Friday. That would amount to a nearly 17% reduction to the agency’s approximately $3 billion budget. The administration did not release a detailed itemization of the cuts, only an…
Andrew Garbarino, budget, CISA, Connecticut, Cybersecurity and Infrastructure Security Agency, Cybersecurity and Infrastructure Security Agency (CISA), Eric Swalwell, Federal Emergency Management Agency, FEMA, Global Security News, Government, House Homeland Security Committee, Kentucky, Local Government, Money, MS-ISAC, Policy, State Government, Threats, Utah
Renew — but improve — billion-dollar cyber grant program to states and locals, House witnesses say
It’s vital that Congress renew the expiring $1 billion state and local cybersecurity grant program, witnesses testified before a House panel, but they added that it could benefit from some upgrades, too. New York Rep. Andrew Garbarino, chairman of the House Homeland Security Subcommittee on Cybersecurity and Infrastructure Protection that held the hearing Tuesday, said…
agentic ai, Financial, Global Security News, Money, ReliaQuest
ReliaQuest secures $500 Million in funding, boosting AI-driven cybersecurity operations
U.S.-based cybersecurity firm ReliaQuest has secured a significant funding boost with a new investment round totaling over $500 million, elevating the company’s valuation to $3.4 billion. The funding round was led by global investors EQT Partners, KKR, and FTV Capital, alongside existing investors Ten Eleven Ventures and Finback Investment Partners. This fresh capital injection underscores…
Cloud Security, Emerging Tech, Global Security News, Google, Mergers and Acquisitions, Money, wiz
Google acquires Wiz for $32 billion
Google announced Tuesday it will acquire cloud security firm Wiz for $32 billion. The move pairs Google — among the world’s largest cloud service providers — with one of the most promising cloud security startups. The purchase comes less than a year after Wiz rejected a previous $23 billion bid from Google, with executives saying…
blockchain, Chainalysis, Crypto, crypto crime, CryptoCurrency, Cybercrime, Cybersecurity, Elliptic, ethereum, Exploits, Global Security News, Lazarus Group, Money, North Korea, TRM Labs
Crypto analysts stunned by Lazarus Group’s capabilities in $1.46B Bybit theft
Last week’s $1.46 billion Ethereum theft by North Korean-linked Lazarus Group has sent shockwaves through the cybercrime ecosystem, as it has not only joined the ranks of the largest known financial thefts in history but also demonstrated that the group’s skillset is presenting new challenges for defenders. In the wake of the theft, numerous experts…
Akira, ALPHV, Chainalysis, Cybersecurity, Exploits, Federal Bureau of Investigation (FBI), Global Security News, INC, LockBit, Money, Ransomware, Threats, uk
Ransomware payments dropped 35% in 2024
Ransomware payments saw a dramatic 35% drop last year compared to 2023, even as the overall frequency of ransomware attacks increased, according to a new report released by blockchain analysis firm Chainalysis. The considerable decline in extortion payments is somewhat surprising, given that other cybersecurity firms have claimed that 2024 saw the most ransomware activity…
Central Intelligence Agency, Commerce Department, Geopolitics, Global Security News, Google, Kaspersky, Mastercard, Money, North America, Recorded Future, Russia, Ukraine
Russia bans cybersecurity company Recorded Future
Russia banned the cybersecurity company Recorded Future on Wednesday, labeling it an “undesirable” organization — much to its CEO’s delight. The company stands accused of collaborating with the Central Intelligence Agency, Ukraine and other countries. “They provide information and technical support for the propaganda campaign launched by the West against Russia,” Russia’s Office of Prosecutor…
Arctic Wolf, BlackBerry Cylance, Global Security News, Money
Arctic Wolf acquires Cylance from BlackBerry for $160 million
Minnesota-based Arctic Wolf, a cybersecurity operations firm, announced an agreement Monday to acquire BlackBerry’s Cylance business for $160 million, a stark drop from the $1.4 billion BlackBerry initially paid to acquire the startup in 2018. Arctic Wolf is integrating Cylance’s AI-powered endpoint security technology into its platform to broaden its security solutions. With this acquisition,…
atlantic council, Ben Ray Lujan, budget, CALEA, china, CISA, Congress, Cybersecurity and Infrastructure Security Agency, Cybersecurity and Infrastructure Security Agency (CISA), FCC, Federal Bureau of Investigation (FBI), Federal Communications Commission, Geopolitics, Global Security News, Government, Jerry Moran, Jessica Rosenworcel, John Thune, Justin Sherman, Money, National Defense Authorization Act, NDAA, Policy, regulation, Salt Typhoon, Senate Commerce Committee, Technology, Ted Cruz, telecommunications, telecoms
Senators, witnesses: $3B for ‘rip and replace’ a good start to preventing Salt Typhoon-style breaches
The $3 billion that Congress folded into the annual defense policy bill to remove Chinese-made telecommunications technology from U.S. networks would be a huge start to defending against breaches like the Salt Typhoon espionage campaign, senators and hearing witnesses said Wednesday. Federal Communications Commission Chairwoman Jessica Rosenworcel recently told Hill leaders that the $1.9 billion…