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Crashing Markets, Slower Innovation, But More Sustainable AI Development
If the bubble isn't popping already, it'll pop soon, say many investors and close observers of the AI industry. If past bubbles are a benchmark, the burst will filter out companies with no solid business models and pave the way for more sustainable growth for the industry in the long term.

Cybersecurity Experts Say Operatives Probably Intercepted Physical Supply Chain
It doesn't appear to be a cyberattack, security experts said of the hundreds of pagers that blew up Tuesday across Lebanon, an apparent salvo against Hezbollah militants by the Israeli government. "The only logical explanation is that explosives and a side channel for detonation was likely used."

iPhone Maker Seeks Voluntary Dismissal, Citing Concerns Over Sensitive Data Leaking
Apple has filed a motion to dismiss its lawsuit against NSO Group, citing concerns over the potential exposure of sensitive threat intelligence information. The tech giant believes continuing the lawsuit could compromise its ability to protect users and lead to the disclosure of sensitive data.

Former Royal Mail and Manchester University CISOs Talk Ransomware Response
Timely notification of ransomware incidents to British law enforcement agencies played a crucial role in understanding the threats and in developing mitigation strategies, the former security heads of Royal Mail and the University of Manchester said.

Experts Warn Federal Cyber Strategies Increasingly Lack Accompanying Resources
The U.S. Cybersecurity and Infrastructure Security Agency has released a new plan to further align federal cybersecurity operations that experts say will likely face significant implementation roadblocks due to a lack of funding, leadership buy-in and technical resources.

Repeat IPOs Have Been Very Rare in Security - Don't Expect SailPoint to Change That
Thoma Bravo has begun interviewing underwriters as it explores an initial public offering for SailPoint, Bloomberg reported last week. The private equity firm hasn't finalized details, including the timing of a potential listing for the identity governance and administration vendor.

Preparing healthcare organizations to respond to and rebound from a disruptive ransomware attack is akin to implementing a "12-step program," said Dr. Eric Liederman, CEO of consultancy CyberSolutionsMD and recently retired long-serving director of medical informatics at Kaiser Permanente.

5 Cybersecurity Firms Provide Large Pool of Government-Funded Espionage Resources
China's cyberespionage campaigns, viewed as an extension of the communist regime's wider geopolitical moves, rely on civilian hackers from domestic security firms for much of their success. Researchers say these groups face off in intense rivalries for lucrative government contracts.

New Security Measures Follow High-Profile Hacks of Snowflake Customers
Data warehousing platform Snowflake rolled out default MFA - as well as a 14-character password minimum - to shore up security in the wake of a series of cyberattacks in June that hit high-profile customers including Santander Bank, Advance Auto Parts, LA Unified School District and Neiman Marcus.

At-Large Wu Song, 39, Faces 28-Count Criminal Indictment
U.S. federal prosecutors indicted a Chinese national employed by a state-owned aerospace and defense conglomerate with a yearslong phishing campaign aimed at extracting software developed for NASA. Prosecutors said Song began sending out targeted emails in 2017.

Attackers Could Exploit Flaw to Run Malicious Code on Google' s, Customers' Servers
Google patched a critical remote execution vulnerability in its cloud platform Cloud Composer service, "CloudImposer," which could have allowed attackers to compromise millions of servers, say researchers from Tenable. The CloudImposer vulnerability could lead to the Jenga Tower effect.

Authentication requiring stored credentials is not only vulnerable to phishing and other compromises, but using these credentials can also be cumbersome for busy clinicians, said Tina Srivastava, co-founder of Badge, a provider of deviceless, tokenless authentication technology.

Inquiry Launched to Determine the Company's Compliance With GDPR
The Irish data regulator launched an investigation to determine Google's compliance with a European privacy law when it was developing its PaLM 2 artificial intelligence model. Google launched the multilingual generative AI model last year.

Over-Deployment of Tools Raises Security and Operational Concerns
Excessive deployment of remote access tools in operational technology environments expands attack surfaces and creates operational challenges, warn security researchers from Claroty. Remote access tools are essential, but they introduce numerous potential vulnerabilities that threat actors exploit.

Biden Administration Hits Russian Media With More Sanctions for Covert Operations
The U.S. Department of State announced additional sanctions Friday against the Kremlin news outlet RT after officials received new information from employees of the organization that revealed how it has become a key component in the Russian military machine.

Series C Funds to Fuel AI Research, Government Sector Investment and Global Growth
Strider Technologies has raised $55 million in a Series C funding round to strengthen its AI capabilities and fuel global expansion efforts. The money will enhance the company’s AI-driven insights, support business with government agencies, and fuel international expansion in Europe and Asia.