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Analog Devices Assessing Latest Cyber Breach Claim From Hackers

Article 0 Comments Analog Devices Inc. is assessing a new claim by a group of hackers who say they’ve stolen hundreds files containing information on customers of the computer chips maker. A hacking group known as ExfilSquad has claimed to have breached Analog Devices and is threatening to release sensitive customer data unless its demands are met, according to the cybersecurity firm DeXpose. Analog Devices said in a filing July 29 that it was made aware of reports and is assessing “validity, scope, and any potential impact.” Analog Devices said in the same filing that it had separately uncovered unauthorized access to its systems last month and determined that some files were “exfiltrated.” Operations weren’t interrupted by the breach, which was identified on June 23, the Wilmington, Massachusetts-based firm said. The investigation is ongoing, and the company has notified law enforcement. The files haven’t been publicly released or used for fraudulent purposes, and the company is monitoring for any indication of misuse, according to a company spokesperson. Retailers, manufacturers, hospitals and schools are among the institutions that have suffered from ransomware attacks in recent years. Ransomware refers to a type of malicious software code that hackers use to encrypt victims’...

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Relation Acquires Wisconsin’s Mid-State Insurance

Article 0 Comments Relation Insurance Services announced their acquisition of the assets of Mid-State Insurance. The transaction went into effect on March 31, 2026; terms of the transaction were not disclosed. Founded in 1986 as an independent life and health agency in Milwaukee’s North Shore, Mid-State Insurance expanded its services to become a full-service, multi-line agency by 1989. Today, they are based in Mequon, Wisconsin, and offer a comprehensive suite of solutions including business and commercial insurance, employee benefits, and home, auto, life and health insurance, servicing clients throughout the Midwest and wherever their coverage needs exist nationally and internationally. Topics Mergers & Acquisitions Was this article valuable? Thank you! Please tell us what we can do to improve this article. Submit No Thanks Thank you! % of people found this article valuable. Please tell us what you liked about it. Submit No Thanks Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.

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Meta, BlackRock Plan to Invest in $14 Billion Data Center

Article 0 Comments Meta Platforms Inc. and BlackRock Inc. plan to build a 1-gigawatt data center complex in Texas that will cost about $14 billion to develop, adding to a wave of investment in the computing hubs that power artificial intelligence. The facility will go online in 2028 with Meta as the initial sole tenant, the company said Tuesday. BlackRock funds will hold an 80% interest in the joint venture, while Meta will retain the remaining 20%. The $14 billion development costs don’t include the cutting-edge chips required to power AI models. A 1GW data center typically costs $35 billion to $50 billion. Tech firms including Alphabet Inc., Amazon.com Inc., Meta and Microsoft Corp., have been aggressively building out data centers in pursuit of dominance in the still-nascent market for AI tools. The unprecedented scale of development is being financed through a mix of capital expenditure, private infrastructure funds, debt and sovereign wealth. Read More: Big Tech Debt Flood Is Taking Over Risk In Market: Credit Weekly Meta will initially contribute land and other assets valued at about $2.3 billion and receive a one-time payment of $1 billion. BlackRock will contribute about $4.9 billion in cash, with some of its...

ServiceNow and Accenture Launch AI-powered Services to Accelerate the Shift from Legacy Risk Platforms to Agentic AI 0

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ServiceNow and Accenture Launch AI-powered Services to Accelerate the Shift from Legacy Risk Platforms to Agentic AI

Companies aim to remove two of the biggest barriers blocking enterprise risk modernization: cost and complexity of migrating off legacy cybersecurity platforms New York, NY (July 1, 2026) – Accenture and ServiceNow, the AI control tower for business reinvention, are pleased to announce the launch of a joint offering with two core components: managed security services built on the ServiceNow AI Platform and an Accenture AI-powered solution that automates migration from legacy systems to ServiceNow. Together, Accenture and ServiceNow are removing two of the biggest barriers blocking enterprise risk modernization: cost and complexity of migrating off legacy cybersecurity platforms. Data breach costs continue to surge in the U.S., reaching an all-time high of $10.22 million in 2025 per incident, up 9% year over year. Additionally, AI is compressing the window between a vulnerability being discovered and exploited from months to mere hours. As cyberattacks grow in speed and sophistication, Accenture and ServiceNow are equipping organizations with essential risk management services powered by agentic AI to stay ahead of evolving threats, strengthen long-term cyber resilience, and combat the escalating scale, severity, and financial cost of cyberattacks. “Cyber resilience is a clear business imperative as organizations face a growing volume of threats...

NTT DATA and Cursor Partner to Accelerate Enterprise-Grade Modernization and AI Governance 0

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NTT DATA and Cursor Partner to Accelerate Enterprise-Grade Modernization and AI Governance

NTT DATA leveraging Cursor to strengthen its own engineering and delivery model Enterprise-grade governance helps modernize and transform delivery with greater trust and control London, UK (July 1, 2026) – NTT DATA, a global leader in AI, digital business and technology services, is pleased to announce a strategic partnership with Cursor, the leading multi-model AI coding platform. Under this initiative, NTT DATA will use Cursor’s advanced AI agents to power the innovation of its global software engineering and delivery models. Cursor will enable NTT DATA to design, build and modernize enterprise systems with greater speed and control, while supporting the governance enterprises require. The collaboration marks a strategic advancement in NTT DATA’s transformation into an AI-native services company, enhancing how the company designs, builds and modernizes mission-critical systems. NTT DATA is operationalizing AI inside its engineering and delivery engine with enterprise-grade controls to enable faster modernization of clients’ legacy estates, accelerate cloud and AI transformation initiatives, and drive greater consistency across delivery environments. Including AI agents directly in the engineering layer helps ensure that application modernization and development efforts remain aligned with enterprise-wide AI strategies. These capabilities enhance NTT DATA’s broader full-stack portfolio. “Enterprise modernization is no longer just about...

Businesses face permanent high-risk environment as AI, geopolitics and regulation converge 0

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Businesses face permanent high-risk environment as AI, geopolitics and regulation converge

Businesses are facing a permanent high-risk environment, as sharp rises in technology, geopolitical and regulatory threats create a more volatile operating environment and force tougher strategic choices, according to new research from global law firm Clyde & Co. 86% of business leaders now rate technological risk as high impact, up from 46% last year 72% say geopolitical risk is having a direct commercial impact, up from 49% 85% cite regulatory and compliance burden as high impact, up from 54% Four in five organisations say geopolitical shifts are influencing where and how they operate globally Nearly six in ten say the complexity of overlapping risks is the biggest barrier to managing them effectively London, UK (July 1, 2026) – The latest edition of Clyde & Co.’s Corporate Risk Radar report, based on a survey of 700 senior decision-makers across eight regions and ten sectors, shows sharp year-on-year increases across every major risk category. Respondents – including CEOs, CFOs, COOs, General Counsel and board members – represent organizations with an average global turnover of $14.7 billion. The findings suggest risk is no longer being experienced as a series of isolated challenges. Instead, business leaders are increasingly dealing with risks that overlap, compound and...

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Bill to Curb Staged Accidents Introduced in Senate

Article 0 Comments The industry trades have come out to support the latest effort on Capitol Hill to thwart staged accidents. Sen. Ashley Moody on July 22 introduced the Staged Accident Fraud Prevention Act. About a year ago, Representatives Mike Collins and Brandon Gill unveiled a companion bill in the House. “Every day, staged accidents and fraudulent schemes put innocent lives at risk and raise costs for every American. The Staged Accident Fraud Prevention Act will help coordinate law enforcement in combatting these sophisticated crime rings and bring the weight of federal law to stopping them,” said Jimi Grande, senior vice president of federal and political affairs for the National Association of Mutual Insurance Companies, in Moody’s press release announcing the measure. Related: Viewpoint: Rampant Fraud in Staged Accidents The American Property Casualty Insurance Association also commended Moody, and urged Congress to advance the legislation. “Sophisticated ‘crash-for-cash’ rings intentionally orchestrate traffic collisions to exploit no-fault insurance systems, inflate property damage, and file fraudulent claims,” said Sam Whitfield, APCIA’s senior vice president of federal government relations and political engagement. “These schemes put innocent motorists and truck drivers at risk while driving up insurance costs for everyone. Strong enforcement tools are essential...

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Texas Division of Workers’ Compensation Announces Staff Changes

Article 0 Comments The Texas Department of Insurance, Division of Workers’ Compensation announced leadership staff changes. DWC is launching a new program area, AI Innovation and Integration, focused on the responsible, mission-driven use of artificial intelligence to modernize processes and reduce administrative burdens, and evaluate how system participants are using AI services. Allen Craddock, formerly DWC’s chief administrative law judge, will serve as deputy commissioner for this new area. Craddock brings a strong record of operational improvements in Hearings and will apply that same focus to agency modernization. He is board-certified in workers’ compensation law, practiced in the field for 15 years before joining DWC in 2013, Gerri Thomas will now serve as DWC’s chief administrative law judge over Hearings. This program oversees the workers’ compensation dispute resolution process, including benefit review conferences, contested case hearings, and Appeals Panel review. Thomas joined DWC in 2012 and has served as regional director for the Northern and Western regions. Her legal, clinical, and operational background gives her deep insight into dispute resolution and system needs. Under the leadership of General Counsel Kara Mace, DWC has reorganized legal, communications, and external relations services into Legal and Communications Services. This program provides legal services,...

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People Moves: Shepherd Insurance Names Kleymeyer as President of Employee Benefits

Article 0 Comments Shepherd Insurance announced that Matt Kleymeyer has joined the firm as the President of Employee Benefits, further strengthening the organization’s commitment to delivering innovative employee benefits solutions and exceptional client service. Based out of Shepherd’s headquarters in Carmel, Indiana, Kleymeyer brings nearly 20 years of employee benefits experience to the organization. His career has spanned nearly every facet of the business across both small and large group markets, including sales, client service, operations, and leadership. Matt Kleymeyer Prior to joining Shepherd, Kleymeyer served as Area Executive Vice President and Indiana Market Leader at Gallagher, following the successful growth and sale of an employee benefits agency he co-founded. Throughout his career, Kleymeyer has built a reputation for fostering strong client relationships, developing high-performing teams, and helping organizations attract employees through benefits services. As President of Employee Benefits, Kleymeyer will partner closely with Employee Benefits leadership team members Steve Gregory, Shannon Russell, and Susie Brancheau to help drive the continued growth and evolution of Shepherd Insurance’s benefits practice. In this role, he will focus on strategic leadership, driving departmental growth, talent development, carrier relationships, and identifying opportunities to further enhance the firm’s employee benefits offerings. Topics Employee Benefits Was...

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Tesla Expands Robotaxi Service to Orlando, Tampa

Article 0 Comments Tesla this week expanded its robotaxi service to Orlando and Tampa, as the electric-vehicle maker races to prove that it can scale its autonomous ride-hailing business beyond its initial launch markets. The move comes a day before Tesla reports second-quarter earnings, with Wall Street closely watching the progress on robotaxis, which underpin much of the company’s valuation as CEO Elon Musk shifts focus toward artificial intelligence, autonomous driving and humanoid robots. Tesla launched its robotaxi service in Austin in June last year and expanded to Dallas and Houston earlier this year and Miami this month. The company has also been conducting supervised testing in California’s San Francisco Bay Area. Investors have questioned the pace of the rollout after Tesla missed several expansion targets. In response, Musk has said the company was deliberately taking a cautious approach, and that rigorous safety testing was the main constraint to faster deployment of the service. Unlike rivals such as Alphabet-owned Waymo, which relies on lidar sensors, Tesla’s robotaxi system uses cameras and AI-based software to navigate. Tesla plans to eventually deploy its purpose-built Cybercab vehicle, which does not have pedals or a steering wheel. (Reporting by Akash Sriram in Bengaluru; Editing...