Hello. President Trump is asking cybersecurity and tech companies to take on a potentially dangerous new role attacking foreign cybercriminals, but the plan offers few incentives to balance the risks.

Among other hazards, companies have to consider the threat of retaliation, the cost of conducting offensive hacking operations and the prospect of hitting the wrong targets.

Read the full story at Dow Jones Risk Journal (free link).

More news below.

More Cyber News

Healthcare Cyberattacks Continue

Amgen has begun to notify patients about the breach of their personal and health data during a July 2 cyberattack that affected the company's own systems and those of a third-party cloud provider.

Genetic testing lab Baylor Genetics disclosed a cyber incident where a hacker had access to certain internal systems between June 11 and June 17. The Houston company said it noticed the intrusion June 15. An unspecified number of patients had their medical testing and lab results compromised while current and former employees had their Social Security numbers and financial account data exposed, Baylor said.

Baylor said it improved security after the attack, including putting in enhanced monitoring and stronger identity and access management.

The Big Number

Typical ransom demanded by the BlackFile hacking group, which has hit several private-equity firms and other financial companies in recent weeks. The payment has often been negotiated to less than $1 million, according to Google's threat-intelligence group, which has been tracking the incidents. (CyberScoop)

World Liberty Financial, the crypto project backed by the Trump family, is working with a Hong Kong-based entity that is using AI models built by Chinese companies the Trump administration has called out over national-security concerns. (Reuters)

About Us

The WSJ Pro Cybersecurity team is Deputy Bureau Chief Kim S. Nash and reporters Angus Loten and James Rundle. Follow us on X @WSJCyber. Reach the team by replying to any newsletter you receive or by emailing Kim at kim.nash@wsj.com.

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