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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.
Dark Reading: Astrix Security, the first app-integration access management solution, launched from stealth today to modernize how enterprises monitor and control their ever-expanding web of interconnected third-party applications.
Dark Reading: If you knew that putting a lock on your front door would lessen the likelihood of your valuables being stolen, would you install a deadbolt? The logical and simple answer would be: yes.
Financial Post: eSentire, Inc., the Authority in Managed Detection and Response (MDR), today announced it has achieved a valuation greater than US$1 billion, as it raised US$325 million in funding through a binding agreement with Georgian and Caisse de dépot et placement du Québec (CDPQ).
CNBC: Credit Suisse is facing fresh scrutiny from Swiss regulators and the European Parliament after leaked data purported to show the bank had served human rights abusers, corrupt politicians and businessmen under sanctions for decades.
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