• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Cybersecurity

Mike Lynch’s sunken yacht may hold highly classified information that Russia and China would want

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
September 21, 2024, 1:13 PM ET
Mike Lynch smiles
Mike Lynch during a Bloomberg Television interview in London in 2014.Chris Ratcliffe—Bloomberg via Getty Images

The late British tech mogul Mike Lynch’s yacht is believed to contain sensitive information that could draw interest from foreign governments like Russia and China, sources told CNN.

Recommended Video

Italian divers surveying the shipwreck have called for more security to protect the site, and prosecutors investigating the fatal accident are concerned the vessel has data tied to Western intelligence services, according to the report.

In particular, divers who have searched the Bayesian yacht with remotely operated cameras think two watertight safes onboard contain super-encrypted hard drives that hold highly classified information like passcodes and other sensitive data, CNN said.

Lynch had ties to British, U.S. And other spy agencies through his companies, including cybersecurity firm Darktrace, the report said, adding that his wife was also an adviser to former British prime ministers David Cameron and Theresa May on science, technology and cybersecurity.

“A formal request has been accepted and implemented for additional security of the wreckage until it can be raised,” the Sicilian Civil Protection Agency told CNN.

Darktrace and authorities for Termini Imerese, whose prosecutors are leading the probe, did not immediately respond to requests for comment.

The Bayesian sank last month off the coast of Italy amid a violent storm. Eight people died, including Lynch and his 18-year-old daughter.

Authorities are looking into possible reasons why the yacht quickly sank, when other boats nearby seemed to weather the same storm without issue. Prosecutors in Italy have launched a probe into the shipwreck and multiple counts of culpable homicide, which are equivalent to manslaughter charges.

Meanwhile, the sale of Darktrace to a software-focused private equity firm is moving forward. In April, Thoma Bravo agreed to buy Darktrace for $5.3 billion, and shareholders voted to approve the deal in June. The acquisition is expected to be completed by year’s end.

Earlier this month, Darktrace cofounder and CEO Poppy Gustafsson stepped down and was replaced by COO Jill Popelka.

Gustafsson started Darktrace in 2013 alongside a team of mathematicians, entrepreneurs, and intelligence experts. She previously worked as a corporate controller at Lynch’s Autonomy before its controversial $11.7 billion sale to Hewlett-Packard.

Lynch was an early backer of Darktrace through his venture capital fund Invoke Capital and held around 3% of the company when he died.

Also this month, Hewlett-Packard said it will continue to pursue Lynch for $4 billion through his family. HP accused Lynch of fraud after its $11.7 billion Autonomy purchase in 2011. Lynch was acquitted in a U.S. Criminal fraud trial in June, but HP hasn’t dropped a civil case in the U.K.

Coins2Day Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Coins2Day Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Coins2Day, where he covers markets, the economy, finance, and housing.

See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.