The U.S. Department of Justice is investigating a federal court system data breach that occurred in early 2020. The investigation was revealed today at a House Committee on the Judiciary hearing that was considering how the Justice Department’s National Security Division was addressing threats. The hack was revealed in January 2021 when the department said ...

A bipartisan bill aimed at promoting chipmaking and scientific research passed the U.S. House of Representatives today in a move that has received strong support from the industry. The CHIPS and Science Act includes more than $52.7 billion for U.S. companies that produce computer chips and billions in tax credits to encourage investment in chip ...

Shares in Meta Platforms Inc., the parent company of Facebook, dropped in late trading after the social media giant reported its first-ever drop in revenue in its latest quarter. For the quarter ended June 30, Meta reported earnings per share of $2.46, way down from $3.61 in the same quarter last year. Revenue fell 1%, ...

Backend development platform startup ChiselStrike Inc. said today it has raised $7 million in new funding to accelerate the development of its open-source serverless backend developer platform. Norwest Venture Partners led the seed round, with Blumberg Capital, Jamstack Innovation Fund, Essence VC, First Star Ventures and Mango Capital also participating. The new funding is the first significant round ...

A new report from IBM Security today reveals that data breaches are costlier and more impactful than ever before. IBM Security’s 2022 Cost of a Data Breach Report, based on analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022, found that the average cost of a data breach has ...

A new form of information-stealing malware based on the Rust programming language is rapidly spreading after the source code was recently shared on a popular cybercrime forum. Detailed Monday by researchers at Cyble Inc., the malware, dubbed “Luca Stealer,” was first shared on July 3. The malware developer is believed to have shared the source code ...

Cryptocurrency exchange Kraken is reportedly under investigation for allegedly allowing users in Iran and elsewhere to trade cryptocurrency in breach of U.S. sanctions. The New York Times, citing people familiar with the matter, today reported that the Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 and is expected to impose a fine. ...

Meta Platforms Inc. today announced the price of its Meta Quest 2 virtual reality headset, previously known as the Oculus Quest 2, is rising because of increasing manufacturing and shipping costs. The headset, launched in September 2020, debuted with 64 gigabytes of memory for $299, $100 cheaper than the original Oculus Quest headset. Meta, then ...

Shares in both Tenable Inc. and Commvault Systems Inc. dropped significantly today despite both reporting stronger-than-expected earnings results. For the quarter ended June 30, Tenable reported a profit before costs such as stock compensation of five cents a share, down from nine cents a share in the same quarter of last year. Revenue rose 26%, ...

Cybersecurity firm Fortinet Inc. today announced a new cloud-based product that it says correlates security findings across an organization’s cloud footprint to deliver friction-free cloud security operations. Called FortiCNP, the new service uses Fortinet’s Resource Risk Insights technology to produce context-rich actionable insights, according to the company. The insights assist teams in prioritizing remediation and mitigation of risks ...