.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
Hedge Week: Drawbridge, a premier provider of cybersecurity software and solutions to the investment industry, has added three industry veterans to bolster its business development, strategy and operations teams.
Silicon: The US financial regulator is reportedly engaging in a lage-scale probe into the effects of the SolarWinds hack that affected companies around the world.
The target: MyRepublic, a Singapore based Internet Service Provider
The take: 80,000 user records containing personally identifiable information such as: national identity cards with photos and addresses, names, copies of utility bills needed for verification, and mobile phone numbers.
The attack vector: The occurred due to unauthorized external access to from a 3rd party vendor employed by MyRepublic to store the firm’s documents needed for registration with their mobile service.
This breach highlights the risks of using third party vendors as the personal information exposed could lead to high targeted phishing attacks against the firm’s users. Up to date monitoring on where and what systems a firm’s data resides on, and regular audits on the effectiveness of the deployed protections, is essential for maintaining the expected industry standard of cybersecurity.
ZDNet: All the time spent ticking boxes in cybersecurity training sessions seems to be paying off after all: according to a new report, about a third of emails reported by employees really are malicious or highly suspect, demonstrating the effectiveness of the well-established maxim "Think before you click".
IT News: Boston-based cyber security software startup Snyk said it raised US$300 million (A$408 million) in fresh funds and the company was now valued at $8.5 billion (A$11.5 billion).
Lexology: The past 12 months have seen an increase in cybersecurity attacks against major companies, placing data breaches on the front page of virtually every major newspaper. The U.S. government has taken notice.
NDTV: Websites of a number of financial institutions in New Zealand and its national postal service were briefly down on Wednesday, with officials saying they were battling a cyber attack.
CNBC: In the wake of increasingly sophisticated criminal hacks of companies like SolarWinds, Colonial Pipeline, and JBS Foods that touched on fears of national security weaknesses, U.S. politicians all the way up to the White House have been adamant on one cybersecurity requirement: organizations needed to spend more on it to protect the nation. But there’s a problem: in many cases, increased spending on cybersecurity in recent years hasn’t resulted in better protection against hackers.
The United States Department of Justice: A dual Canadian and U.S. national was sentenced today to 140 months in federal prison for conspiring to launder tens of millions of dollars stolen in various wire and bank fraud schemes – including a massive online banking theft by North Korean cyber criminals.
ZDNet: It seems that every tech security vendor is talking up 'zero trust' as an answer to increasingly dangerous cyberattacks, but UK cybersecurity experts warn customers its definition is a bit slippery and they should proceed with caution.
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