VENTURE CAPITAL POST

US health insurance giant UnitedHealth Group said Tuesday in its first-quarter operations earnings report that a cyberattack on its subsidiary Change Healthcare cost the company $872 million.

Change Healthcare, a subsidiary of US health insurance giant UnitedHealth Group (UHG), was possibly breached by hackers backed by a government, according to a filing with government regulators.

Verizon is said to have threatened to go to court to get out of the deal if it is not repriced.

Apple and FBI want to resolve their feud over the decryption of the iPhone of the San Bernardino shooter but the giant tech company turned FBI's request. John McAfee, inventor of the McAfee software, offers assistance to solve the case.

The TalkTalk hacks that happened late October may have died down, but recent details shows that the number of victims that were initially reported isn't as it seems. According to BBC News, there are now a total of 156,959 customers that had their personal details accessed through the hack. 15,656 bank accounts were taken from those customers.

Close on the heels of his US tour, China President Xi Jinping said Chinese government doesn't hack commercial secrets nor it supports Chinese companies engaged in such activity. In an interview with Wall Street Journal (WSJ), Xi Jinping further said that whether governments or companies, whoever involved in cyber theft should be punished according to the law. China and the US are equally concerned about the cybersecurity. Jinping seeks the cooperation from the US to check cyber espionage. The cyber crime will be a major point for discussion during the meeting between Obama and Jinping.

PureFunds ISE Cyber Security, the first and fastest growing Cyber Security ETF in the world worth $1.2B is managed by a 30-year-old Andrew Chanin all by himself.

The United States has sought help from China, Japan, South Korea and Russia in combating cyber attacks such as the one Washington on Friday accused North Korea of carrying out against Sony Pictures, U.S. officials said.

Supermarket chain Supervalu Inc(SVU.N) reported on Monday a second attack against its payment systems barely two months after it said it was investigating a potential data breach.

Dogecoin, which grew from a satirical meme to Bitcoin to a pseudo-legitimate currency, experienced a big hack today after virtual wallet Dogewallet announced its shutdown of services due to hackers who stole around $12,000 worth of Dogecoins from the site.