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GlobeNewswire: Despite the volume of U.S. data breaches declining in 2024 from highs reached a year prior, data breach severity reached levels never seen since TransUnion’s measurement began in 2020.
SecurityWeek: The investment round was led by Forgepoint Capital, with additional support from Ballistic Ventures, Capital One Ventures, Cisco Investments, Evolution Equity, K2 Access Fund, and In-Q-Tel (IQT).
Crunchbase: Dallas-based enterprise browser developer Island raised a $250 million Series E at a $4.8 billion valuation. The new round was led by Coatue Management, with several existing investors participating in the round, per the company.
GlobeNewswire: The Cybersecurity Mesh Market is expanding as enterprises combat increasingly sophisticated cyber threats in a complex IT landscape.
PYMNTS.com: Historically, banks built security the same way they built vaults: thick walls, high fences and minimal exposure. But digital transformation has upended that perimeter.
Financial Newswire: The Association of Superannuation Funds of Australia (ASFA) has responded to the ASIC proposals by arguing that the relief period of 30 days is not enough and should be extended to 60 days.
The Target: Western Alliance is a wholly owned subsidiary of Western Alliance Bancorporation, a leading U.S. banking company with over $80 billion in assets.
The Take: An analysis of the stolen files concluded on February 21, 2025, and found they contained customer personal information, including names and Social Security numbers, as well as their dates of birth, financial account numbers, driver's license numbers, tax identification numbers, and/or passport information if it was provided to Western Alliance.
The Vector: The bank first revealed in a February SEC filing that the attackers exploited a zero-day vulnerability in the third-party software (disclosed by the vendor on October 27, 2024) to hack a limited number of Western Alliance systems and exfiltrate files stored on the compromised devices.
This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.
Yahoo News/Reuters: Hong Kong passed a cybersecurity law to regulate operators of critical infrastructure, forcing them to strengthen computer systems and report cybersecurity incidents or risk penalties of up to HK$5 million ($640,000).
Dark Reading: Cybersecurity is at an inflection point. As threats grow in complexity and regulatory scrutiny increases, leadership in the industry is evolving. I know this firsthand: If you had told me years ago that I'd be leading a cybersecurity company, I probably wouldn't have believed you.
Yahoo Finance: Wiz backer Sequoia Capital is poised to deliver a return of about 25 times its invested capital from the cybersecurity startup’s pending sale to Google parent Alphabet Inc., according to a person with knowledge of the matter.
