Here’s what happened when MOVEit hackers targeted IBM

Monday, August 14, 2023

Today’s top story brings us even more information on the MOVEit hack. This time, Carly Page reports that hackers gained access to millions of Americans’ health data after setting their sights on IBM. Find out how deep this goes.

Meanwhile, the artificial intelligence industry racked up another $100 million in venture capital when Korean telecommunications giant SK Telecom made it rain for Anthropic. See what this means for a couple of former OpenAI leaders.

Now over to Mastercard, which agreed to purchase a minority stake in MTN, Africa’s largest cell phone provider, which is valued at $5.2 billion. Read more.

Image Credits: Lino Mirgele / Getty Images

More top reads

Smarter customer reviews: Amazon is now using generative AI to help customers better understand what a fellow customer says about a product. The more you know.

Meet PayPal’s new CEO: Senior Intuit exec Alex Chriss will be PayPal’s new CEO starting in late September. Read more.

“Make in India” campaign paying off: India’s local manufacturing initiative spurs 2 billion mobile unit shipments. Get the scoop.

Sir, your Telegram: Iraq lifts its ban on Telegram after the messaging app complies with authorities. Meanwhile, the app rolls out its Stories feature to all users.

All things that go vroom: Nikola shares tank after EV maker recalls its battery-electric big rigs. Ford has its own hands-off driving tech, available by subscription; meanwhile, meet the new head of its software services unit. Finally, Altos challenges lidar’s dominance in autonomous driving with 4D image radar.

Layoff report: CoinDesk will cut staffing ahead of potential sale, while Secureworks layoffs affect 15% of its staff. Catch up on our 2023 layoff-tracking list here.

Don’t pay attention to the man behind the curtain: Researcher says they were behind iPhone pop-ups at Def Con. Read more.

Bringing the store to you: Robomart is banking on “store-hailing” to bring self-driving stores directly to customers. Find out how.

Your vet will see you now: Mixlab adds to the veterinary pharmacy footprint following a $10 million Series A extension. See how they are helping furry friends.

More for your Monday:

Netflix begins testing its games on TVs and computers in Canada and UK

Brex expands into group events while Mesh Payments moves into travel

Web3 gaming adoption is skewing toward Asia, and the rest of the world may have to play catch-up (TC+)

India, the world’s largest smartwatch market, is getting new smart rings

Image Credits: David Paul Morris/Bloomberg / Getty Images

Enterprise spending on cybersecurity has changed, and vendors must adapt

YL Ventures’ Sara Behar writes about how a recent report by the firm, based on data pulled from surveying Fortune 1000 CISOs (chief information security officers) and cybersecurity decision-makers, is shedding light on the impact of the down market on buying behavior, how security strategies are evolving in response and how customer interactions with vendors have changed as a result.

The biggest takeaway? Half of CISOs can still accommodate new solutions, and, contrary to low expectations, 45% of cybersecurity budgets remained unchanged or have even been increased.

Specifically, a third of respondents (33.3%) report unchanged budgets and 12.2% saw their budgets raised.

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