Source: https://www.cnbc.com/cybersecurity/

A recent Chinese cyber-espionage attack has compromised U.S. telecom networks, potentially reaching the communications of high-ranking officials. The extent of the breach and the presence of remaining Chinese spies in U.S. networks remain unknown.

Source: https://www.cnbc.com/cybersecurity/

Venture capitalists are facing difficulties due to a lack of initial public offerings and mergers and acquisitions, making it harder to sell their investments and generate liquidity. This is especially challenging as AI startups are attracting significant attention and investment.

Source: https://www.cnbc.com/cybersecurity/

Delta Air Lines sued CrowdStrike for breach of contract and negligence after a widespread IT outage in July, which caused 7,000 flight cancellations and $550 million in losses.

Source: https://www.cnbc.com/cybersecurity/

U.S. officials are concerned that insurance policies, particularly those covering ransomware payments, are contributing to the rise of ransomware attacks.

Source: https://www.cnbc.com/cybersecurity/

Cybersecurity firm Wiz aims to reach $1 billion in annual recurring revenues next year and plans to go public when the time is right, after rejecting a $23 billion acquisition bid from Google earlier this year.

Source: https://www.cnbc.com/cybersecurity/

The EU's NIS 2 cybersecurity directive has a slow start due to many member states failing to adopt the rules on time.

Source: https://www.cnbc.com/cybersecurity/

Source: https://www.cnbc.com/cybersecurity/

Source: https://www.cnbc.com/cybersecurity/

Proofpoint, a privately-held cybersecurity firm, is exploring pre-IPO financing and considering mergers and acquisitions of smaller cyber companies to boost market expansion and industry consolidation. CEO Sumit Dhawan, who took the reins in 2022, aims to return the company to public markets by 2026. The company was acquired by Thoma Bravo for $12.3 billion in 2022.

Source: https://www.cnbc.com/cybersecurity/