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Also: the UK's $7B Bitcoin Case, Implications of Vectra's NetographyIn this week's update, ISMG editors examine how the U.S. shutdown and the lapse of CISA 2015 liability shield are straining cyber operations, what Vectra’s move for Netography signals for multi-cloud visibility and NDR, and how British prosecutors unraveled a bitcoin hoard now worth $7 billion.

New CEO Dennis Monner Outlines Open Systems' Global Expansion, SASE DifferentiationNew CEO Dennis Monner said Open Systems stands out by combining SASE technology with 24/7 expert-led service. Backed by Swiss Post, the company aims to capture more enterprise customers in Europe and the U.S. who seek a trusted alternative to U.S. and Israeli vendors.

Economists Say Data Doesn't Support Fear of Widespread Cognitive Job LossU.S. employment data shows no widespread disruption from generative artificial intelligence nearly three years after ChatGPT's debut, say academics from Yale University. But for certain cohorts, especially early-career workers in AI-vulnerable fields, some cracks are emerging.

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) on Thursday added a high-severity security flaw impacting Smartbedded Meteobridge to its Known Exploited Vulnerabilities (KEV) catalog, citing evidence of active exploitation

Also: Texas Brothers Charged in $8M Crypto-Linked Kidnapping CaseThis week, Brian Quintenz won't lead the U.S. CFTC, Canada fined KuCoin $14M, Texas brothers charged in an $8M kidnapping case, South Korean actor given suspended sentence for embezzlement, phishing campaign used robots.txt and an ex-LASD deputy pleaded guilty in a business extortion scam.

US Cyber Defense Agency Faces 65% Furlough Rate Amid Federal ShutdownThe U.S. federal government shutdown has slashed staff at the nation's cyber defense agency and other key cyber entities, freezing daily operations, stalling grants and weakening threat coordination as state and local systems brace for lapses in federal support.

Allianz Life and WestJet lead the way, along with a niche software shop A trio of companies disclosed data breaches this week affecting approximately 3.7 million customers and employees across North America.…

Broadcom has released security updates to patch two high-severity VMware NSX vulnerabilities reported by the U.S. National Security Agency (NSA). [...]

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) on Monday added a critical security flaw impacting the Sudo command-line utility for Linux and Unix-like operating systems to its Known Exploited Vulnerabilities (KEV) catalog, citing evidence of active exploitation in the wild

Microsoft is calling attention to a new phishing campaign primarily aimed at U.S.-based organizations that has likely utilized code generated using large language models (LLMs) to obfuscate payloads and evade security defenses