.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
Financial Post: Israeli cybersecurity firm Pentera has raised $150 million in its latest funding round, taking the company’s value to $1 billion, the company told Reuters, adding it was eyeing an initial public offering in the United States.
NPR: Cybersecurity and space are emerging risks to the global economy, adding to existing challenges posed by climate change and the coronavirus pandemic, the World Economic Forum said in a report.
The Target: United States Cellular Corporation, a wireless carrier.
The Take: Personally Identifiable information including: names, addresses, PIN codes, phone numbers, information on wireless usage and billing statements.
The Vector: The threat actors contacted employees of U.S Cellular and tricked them into downloading and installing malicious software and as the employees were logged on with legitimate credentials, the dangerous software was able to be installed. This malware let the attackers further access customer accounts remotely to port the victim’s phone numbers to a different carrier.
This breach highlights the ongoing and ever-present threat that social engineering poses to firms. Regular training and policy review can help firms ensure their employees are employing a slow and measured approach whenever access, or installation of software, is made – especially when the request is initiated from outside the firm.
CNBC: Scammers took home a record $14 billion in cryptocurrency in 2021, thanks in large part to the rise of decentralized finance (DeFi) platforms, according to new data from blockchain analytics firm Chainalysis.
ZDNet: The threat of cyberattacks is growing and much more needs to be done to educate businesses and users about risks in order to prevent widespread damage and disruption as a result of cyber incidents.
Private Equity Wire: Livingbridge’s investment includes growth capital to enable Quorum Cyber to capitalise on strong macro tailwinds in the cyber security sector and execute its ambitious growth plans through increased investment in its solutions as well as sales and marketing functions.
ZDNet: Seventeen companies have been informed of cyberattacks that compromised user information by New York Attorney General Letitia James following an investigation into credential stuffing. More than 1 million customer accounts were compromised due to the attacks, which James said were previously undetected.
South China Morning Post: China’s regulators will exempt Hong Kong from the rigid cybersecurity review process for all initial public offerings (IPOs) in foreign markets by companies with the personal data of at least 1 million customers, according to analysts’ reading of the finalised regulations published.
Insurance Journal: Morgan Stanley has filed for court approval of a $60 million settlement of a class action stemming from two data breaches in July 2020 that the complaint alleges compromised the information of 15 million of the investment bank’s customers.
Help Net Security: Between cloud proliferation, new tech infrastructure and tools and an increasingly distributed workforce, organizations are struggling to implement proper risk management practices.
Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →
Montreal
1080 Côte du Beaver Hall, Suite 904
Montreal, QC
Canada, H2Z 1S8
+1-450-465-8880
Halifax
168 Hobsons Lake Drive Suite 301
Beechville, NS
Canada, B3S 0G4
Tel: +1 902 429 8880
Manila
10th Floor, Two Ecom Center
Mall of Asia Complex
Harbor Dr, Pasay, 1300 Metro Manila
Philippines
Sydney
Level 15 Grosvenor Place
225 George Street, Sydney NSW 2000
Australia
Tel: +61 (2) 8823 3370
Abu Dhabi
Floor No. 15 Al Sarab Tower,
Adgm Square,
Al Maryah Island, Abu Dhabi, UAE
Tel: +971 (2) 694 8510
Copyright © 2021 Entreprise Castle Hall Alternatives, Inc. All Rights Reserved.
Terms of Service and Privacy Policy