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Silicon Valley Bank collapses after failing to raise capital — CNN

By TechTaffy Desk

Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history, writes Allison Morrow and Matt Egan.

Here is the link: https://www.cnn.com/2023/03/10/investing/svb-bank/index.html

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Around the web

The US Treasury Department was hacked — The Verge

The threat actor stole a key used by BeyondTrust “to secure a cloud-based service used to remotely provide technical support for Treasury Departmental Offices (DO) end users, writes Emma Roth.
IT

Xerox to acquire Lexmark

Xerox has announced plans to acquire Lexmark from Ninestar, PAG Asia Capital, and Shanghai Shouda Investment Centre for $1.5 billion.
Around the web

ChatGPT search tool vulnerable to manipulation and deception, tests show — The Guardian

OpenAI’s ChatGPT search tool may be open to manipulation using hidden content, and can return malicious code from websites it searches, a Guardian investigation has found; writes Nick Evershed. 
Public Sector

SAIC secures $170.9M cybersecurity contract with Texas Department of Information Resources

Science Applications International Corp. (SAIC) has been awarded a $170.9 million contract by the Texas Department of Information Resources (DIR) to provide cybersecurity services.
Series A

Infinant raises $15M

Charlotte, NC-based Infinant, a bank platform provider, has raised $15 million in a Series A funding round.