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Sky News: Now we have a war, started by what is widely recognised as one of the most advanced cyber powers in the world, yet so far cyber has played little part in the fighting.
Private Equity Wire: Cybersecurity is expected to be the biggest challenge and opportunity facing technology, media and telecommunication (TMT) mergers and acquisitions professionals (M&A) in 2022, according to new research by Datasite.
Investment News: U.S. officials have already blamed Russia for at least two rounds of attacks on Ukrainian websites in February — the largest in the country’s history — and have alerted American financial institutions to be on the lookout for increased cyber activity.
Gov.UK: The Telecommunications (Security) Act became law in November last year and puts much stronger legal duties on public telecoms providers to defend their networks from cyber threats which could cause network failure or the theft of sensitive data.
Private Equity Wire: HWG co-founder and CEO, Enrico Orlandi, and the other co-founders, Claudia Rangogni, Andrea Boni and Andrea Pomari, will continue to lead the company, having retained their ownership in HWG alongside Investcorp.
Business Wire: McAfee Corp., a global leader in online protection, today announced the completion of its acquisition by an investor group led by Advent International Corporation (“Advent”) and funds advised by Permira, Crosspoint Capital Partners L.P. (“Crosspoint”), Canada Pension Plan Investment Board (“CPP Investments”), GIC Private Limited (“GIC”), and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) (collectively, “the Investor Group”).
The Target: International Committee of the Red Cross
The Take: Exposure of 515,000 records of personal data and backdoor access to the firm’s IT systems.
The Vector: The threat actors used a known software vulnerability in a third-party platform named Zoho that ICRC was employing to execute their malicious code remotely. As Zoho had not patched the vulnerability, the attackers took advantage and penetrated the system, letting them pivot to ICRC’s data.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-part systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
CNBC: The conflict has prompted concerns of cyberattacks, especially against critical infrastructure companies. Since last week, Ukraine has already experienced two such attacks that affected government websites. The U.S. attributed the first attack to Russia, which the country denied, and said the second one was consistent with what it would expect from Russia.
CNN Business: The standoff between the United States and Russia over the conflict in Ukraine has so far mainly played out on diplomatic and economic fronts.
Help net Security: Cyble announced that it has raised a US $10M Series A financing round led by Blackbird, with continued participation from Spider Capital, January Capital, Cendana Capital, and VentureSouq.
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