Latest cybersecurity reporting from selected sources.

Misstatement Claims Tossed in Class-Action Securities Case After CrowdStrike OutageA U.S. district judge tossed most claims from investors accusing CrowdStrike of misrepresenting its software testing rigor before a July 2024 outage. The judge said two statements about federal compliance could plausibly be misleading, but said plaintiffs failed to establish intent or recklessness.

Also: CrowdStrike Grilled by Congress; Coalition Against Spyware Abuse Is GrowingIn the latest weekly update, ISMG editors discussed Microsoft's major cybersecurity overhaul in the wake of some high-profile breaches, the latest developments from CrowdStrike's global outage hearing and the expanding U.S.-led coalition against spyware abuse in the EU.

Also: Mastercard's Big Acquisition and US Election Security EffortsIn the latest weekly update, ISMG editors discussed the fallout from the CrowdStrike global IT outage on endpoint security tools, Mastercard's monumental acquisition of Recorded Future to bolster its cybersecurity portfolio, and the latest efforts by U.S. officials to secure the 2024 election.