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Industry News: ESG5

    Russian Hackers' Lack of Success Against Ukraine Shows That Strong Cyber Defences Work, Says Cybersecurity Chief

    2022-09-29

    ZDNet: Russia has engaged in a sustained, malicious cyber campaign against Ukraine and its allies since the February 24 invasion – but its lack of success shows that it's possible to defend against cyberattacks, even against some of the most sophisticated and persistent attackers, says the UK's cybersecurity chief.

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    US Senators Aim to Amend Cybersecurity Bill to Include Crypto

    2022-09-28

    Tech Crunch: As regulators around the world try to provide frameworks for the digital asset industry, two U.S. senators have introduced a bill to help crypto companies report cybersecurity threats.

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    More Than 60% of Hackers Can Exfiltrate Data In Less Than Five Hours, Finds Inaugural Hacking Report

    2022-09-28

    Global Newswire: Bishop Fox, the leading authority in offensive security, announced the results of a groundbreaking new survey that explores the minds and methodologies of modern attackers. 

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    New European Union Cybersecurity Proposal Takes Aim at Cybercrime

    2022-09-28

    World Economic Forum: Lawmakers are seeking to strengthen cybersecurity requirements across the European Union, advancing new legislation to bolster security requirements for all digital hardware and software products. 

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    Optus Hacker Apologizes and Allegedly Deletes All Stolen Data

    2022-09-27

    Bleeping Computer: The hacker who claimed to have breached Optus and stolen the data of 11 million customers has withdrawn their extortion demands after facing increased attention by law enforcement. The threat actor also apologized to 10,200 people whose personal data was already leaked on a hacking forum.

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    Despite Recession Jitters, M&A Dominates a Robust Cybersecurity Market

    2022-09-26

    Dark Reading: Though funding activity this year is somewhat slower than in 2021 and market valuations of cybersecurity firms have taken a hit, mergers and acquisitions activity has remained strong through the year, as has investor interest in the sector.

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    Know Your Breach: 2K Games

    The Target: 2K Games, an American video game publisher.

    The Take: Customers were targeted with fake support tickets which contained malicious software in embedded links. 

    The Vector: An employee’s credentials were compromised, allow the attacker full access to the help desk panel, which they then used to contact customers and socially engineer them to click on dangerous URLs.

    This breach is a stark reminder of how critical authentication controls are in an overall robust cybersecurity posture. Enforcing multi-factor authentication, reasonably paced password resets, and regular social engineering and phishing awareness training are all effective strategies to mitigate these kinds of breaches to protect a firm’s customer base.

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    Adams Street Appoints Chief Technology Officer to Executive Committee

    2022-09-22

    Private Equity Wire: Pando’s strategic technology leadership has helped drive the growth of Adams Street’s global private markets investment platform. She has overseen the build-out of front office investment and CRM systems, as well as back-office operations, reporting, and risk management systems. 

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    Malwarebytes Lands a $100M Cash Injection Weeks After Laying Off 125 Employees

    2022-09-21

    TechCrunch: Cybersecurity giant Malwarebytes has announced it has received a $100 million cash injection from Vector Capital, a private equity firm that invests in established technology businesses.

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    SentinelOne Launches $100M Fund to Invest in Enterprise Cybersecurity Startups

    2022-09-21

    Yahoo Finance: SentinelOne, an AI endpoint security firm that went public last June, has announced the launch of S Ventures, a $100 million fund to invest in the generation of enterprise cybersecurity startups.

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