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Italian Business Tycoon Hit by Paragon Spyware Scandal

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cybersecurity

Italian Business Tycoon Hit by Paragon Spyware Scandal

Francesco Caltagirone becomes first businessman targeted in Italy's spyware crisis

by The Tech Buzz

PUBLISHED: Thu, Oct 9, 2025, 5:46 PM UTC | UPDATED: Thu, Sep 3, 2026, 5:31 PM UTC

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Italian Business Tycoon Hit by Paragon Spyware Scandal

The Paragon spyware scandal just spread beyond Italy's newsrooms and NGOs into the boardrooms of major corporations. Francesco Gaetano Caltagirone, one of Italy's most prominent business figures, was targeted with Israeli-made spyware according to new reports - marking a dramatic escalation that brings corporate espionage into focus.

Italy's spyware crisis just got a lot more complicated. Francesco Gaetano Caltagirone, whose business empire spans everything from construction to newspapers, has become the first major corporate figure caught up in the expanding Paragon surveillance scandal that's been rocking the country since January.

The revelation comes from Italian investigative outlets IrpiMedia and La Stampa, which reported Thursday that Caltagirone was among roughly 90 people who got those ominous WhatsApp notifications back in January warning they'd been targeted with Israeli-made spyware.

This isn't just any businessman we're talking about. Caltagirone's holding company controls a sprawling network of firms across construction, real estate, finance, and crucially, publishing - including the Italian newspaper Il Messaggero. That media connection makes his targeting particularly intriguing, especially given that journalists have been the primary victims so far.

The WhatsApp alerts that started this whole mess back in January initially exposed targeting of journalists Francesco Cancellato and Ciro Pellegrino from online news site Fanpage, along with immigration activists Luca Casarini and Giuseppe Caccia from the NGO Mediterranea Saving Humans. Now with Caltagirone in the mix, the scope looks much broader than anyone initially realized.

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What makes this particularly messy is that Paragon has spent years marketing itself as an "ethical" spyware maker - whatever that means in practice. The Israeli company's customers reportedly included Italian intelligence agencies until the scandal forced Paragon to cut ties with the Italian government earlier this year.

But here's where it gets even more complex: Paragon isn't the same company it was when this targeting allegedly happened. U.S. private equity giant AE Industrial bought the firm in December 2024, with plans to merge it into cybersecurity company REDLattice. When TechCrunch tried reaching Paragon for comment on a separate story in September, they were redirected to REDLattice executives - suggesting that merger might already be complete.

The timing raises uncomfortable questions about corporate surveillance in Italy. Why target a media-owning businessman alongside journalists and activists? Caltagirone SpA didn't respond to requests for comment, leaving that question hanging.

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This expansion beyond the original victims - who were mostly involved in immigration reporting and activism - suggests something more systematic was happening. The fact that around 90 people got those WhatsApp warnings indicates a pretty substantial operation, not just isolated targeting of specific stories or causes.

Paragon and WhatsApp both declined to comment on the latest revelations. But the silence from all parties involved - the spyware company, the tech platform, and now the targeted businessman - only adds to the mystery of what exactly was being monitored and why.

For Italy's cybersecurity landscape, this represents a significant escalation. What started as concerns about press freedom and activist surveillance has now clearly moved into corporate espionage territory. The involvement of someone with Caltagirone's business reach and media connections suggests the surveillance net was cast much wider than initially understood.

The targeting of Francesco Gaetano Caltagirone marks a turning point in Italy's Paragon spyware scandal, expanding it from a press freedom issue to a broader corporate surveillance crisis. With a media-owning businessman now confirmed among the victims, the scope of surveillance appears far more extensive than initially understood. This development raises serious questions about who else might have been targeted and what kind of information was being sought from Italy's business elite.

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People Also Ask

The Paragon spyware scandal involves Israeli-made surveillance software targeting around 90 people in Italy, including journalists, activists, and businessman Francesco Caltagirone. WhatsApp notifications in January 2025 revealed the targeting, forcing Paragon to cut ties with Italian government agencies.

Francesco Gaetano Caltagirone is a prominent Italian businessman whose holding company controls construction, real estate, finance, and media firms including Il Messaggero newspaper. He's the first major corporate figure targeted in the Paragon spyware scandal, though the reasons remain unclear.

Approximately 90 people received WhatsApp notifications in January 2025 warning they were targeted by Paragon spyware. Victims include journalists Francesco Cancellato and Ciro Pellegrino, immigration activists, and businessman Francesco Caltagirone, indicating a systematic surveillance operation.

Paragon cut ties with the Italian government after the scandal broke. U.S. private equity firm AE Industrial bought Paragon in December 2024, planning to merge it with cybersecurity company REDLattice. The merger appears to be complete based on recent redirect practices.

Caltagirone's targeting marks the first confirmed corporate espionage case in Italy's Paragon scandal, expanding it beyond journalists and activists. His media ownership of Il Messaggero newspaper and vast business empire suggest surveillance operations were more extensive than initially understood.

The Paragon spyware targeting was revealed in January 2025 when WhatsApp sent security notifications to approximately 90 victims, including Francesco Caltagirone. The actual surveillance likely occurred before this date, but the timeline of when targeting began remains unclear.

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