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Here's everything important that happened in the cybers this week.
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Ten Weeks After the Money Arrived, Two Retiring Servers Got Popped
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On April 30, 2025, Clearlake Capital finalized a majority investment in Modernizing Medicine ("ModMed"), valuing the specialty healthcare software-as-a-service (SaaS) company at $5.3 billion. Ten weeks later, on July 9, an unauthorized party accessed two servers inside ModMed's infrastructure. These weren't production systems powering the electronic health records (EHR) used by 40,000 providers. They were legacy boxes holding data migrating …
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The Notetaker Doesn't Work for You
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Somewhere in Texas there's a boardroom that wishes it had checked its meeting software settings. On August 28, 2026, Vice Chancellor Lori Will of the Delaware Court of Chancery (my favorite Court of Chancery!) ended a proxy fight at Empery Digital, a Bitcoin treasury company headquartered in Texas, by ruling that its board had no right to reject an activist's …
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Why Your Security Proposal Died in Thirty Seconds
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It's sitting in a shared drive somewhere right now, gathering digital dust. Fourteen pages of well-researched risk analysis, a defensible budget request, and a routing slip with three approvals already collected. The fourth signature never came, and nobody can tell you exactly why. That's the part nobody puts in the case study, because the honest answer is embarrassing. The proposal …
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The Price Tag On Safe Fleet's Data Breach
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When someone steals personnel files on 7,478 current and former employees, the invoice doesn't arrive all at once. It dribbles in over two and a half years, disguised as legal fees, settlement payouts, credit monitoring subscriptions, and administrator invoices. Safe Fleet Holdings, the Missouri-based fleet safety manufacturer that Oak Hill Capital sold to Clarience Technologies in February 2024, is now …
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Did Perplexity Tell the Ninth Circuit the Truth About Comet for iOS?
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Perplexity AI secured a unanimous appellate victory this summer, but about seven weeks later, Amazon filed a First Amended Complaint accusing Perplexity of lying about how its agent works. The Ninth Circuit had vacated Amazon's preliminary injunction and told the lower court that agentic software acts as a tool for users, not an independent actor violating the Computer Fraud and …
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Events!
- I'll be on Scott Fogarty's show on Tue, Sep 29, 2026, 10:15 AM - 11:00 AM Pacific. Join us on LinkedIn.
- Most cybersecurity marketing is terrrible, these nice folks are trying to fix it
Words Elsewhere
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Thanks, and have a great weekend! This newsletter is published every Friday I'm in the office.
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