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Also: Oracle Suit Points to AI Revenue Forecasting Risk; the AI Sovereignty PushIn this week's panel, four editors discussed the growing role of artificial intelligence in U.S. federal government cybersecurity, Oracle's investor lawsuit over its projected cloud sales to frontier AI lab OpenAI and what AI sovereignty means for enterprises.

Bank Info Security 1 week, 1 day ago

European Patience With Cybersecurity Laggards Snaps

European Commission Sues 4 Countries for Not Implementing NIS2The European Commission is cracking down on Spain, France and other countries for failing to implement or abide by cybersecurity legislation. NIS2 forces the EU's member states to publish national cybersecurity strategies and boost the protection of critical infrastructure across sectors.

Bank Info Security 1 year, 5 months ago

Cybereason CEO Sues to Halt Deadlock Over Critical Funding

Chapter 11 Looms as Eric Gan Seeks Custodian and Liberty, SoftBank Block FinancingCybereason faces a crisis as a boardroom deadlock halts financing efforts. CEO Eric Gan and his family firm seek a custodian to halt the impasse, alleging SoftBank and Liberty Strategic Capital are prioritizing control over the company’s financial stability. Without urgent funding, bankruptcy looms.

Bank Info Security 1 year, 10 months ago

CrowdStrike Has Yet to See Any Customer Lawsuits Over Outage

'We Don't Know How It's All Going to Shake Out,' Says CFO, 6 Weeks Post-OutageCybersecurity firm CrowdStrike has yet to see any lawsuits get filed against it by customers, following its July 19 faulty software update crashing systems worldwide. Does that speak to the company having run a well-executed crisis management strategy?

In December 2021, Google filed a civil lawsuit against two Russian men thought to be responsible for operating Glupteba, one of the Internet's largest and oldest botnets. The defendants, who initially pursued a strategy of counter suing Google for tortious interference in their sprawling cybercrime business, later brazenly offered to dismantle the botnet in exchange for payment from Google. The judge in the case was not amused, found for the plaintiff, and ordered the defendants and their U.S. attorney to pay Google's legal fees.