.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
Tech Crunch: U.S. cybersecurity firm NortonLifeLock has confirmed it is acquiring British rival Avast in order to create a global consumer security powerhouse.
Computer Weekly: The average ransom paid by victim organisations has increased by 82% since 2020 to a record $570,000, as cyber criminals intensify their ransomware efforts with increasingly aggressive tactics, according to data from Palo Alto Networks Unit 42 security consulting group.
The target: UC San Diego Health, the academic health system of the University of California.
The take: Exposure of personally identifiable information including: full name, address, date of birth, email, fax, claims information, medical diagnosis and conditions, social security number, student ID number and password, payment card number or financial account number.
The attack vector: The breach occurred when an employee clicked on a phishing email and unknowingly gave away their login credentials, company username and password, to the attackers. Using the employee’s legitimate credentials, the threat actors accessed the sensitive data.
Phishing attacks against individual employees remain one of the greatest security threats to an entire organization. Regular social engineering and awareness testing and training, along with tone-from-the-top messaging to emphasize the importance of critical thinking and caution are crucial to protecting sensitive information assets.
Yahoo Finance: IBM Security announced the results of a global study which found that data breaches now cost surveyed companies $4.24 million per incident on average – the highest cost in the 17-year history of the report.
Yahoo News: Cybersecurity agencies have revealed the top 30 vulnerabilities exploited by hackers last year in a fresh warning to organisations. The UK and allies in the US and Australia said most exposures were already publicly known during the past two years and are often due to dated software.
The Washington Post: Congress, urged on by the nation’s top law enforcement agencies, is pushing to require companies to report ransomware attacks in an effort to help the government understand the scope of the threat.
Global News: U.S. President Joe Biden on Tuesday warned that if the United States ended up in a “real shooting war” with a “major power” it could be the result of a significant cyber attack on the country, highlighting what Washington sees as growing threats posed by Russia and China.
Sky News: The London-headquartered private equity firm is to be wound up following a months-long dispute between its three principals and controversy over its ownership of the surveillance technology provider NSO Group, Sky News learns.
Financial Times Adviser: In a Dear CEO letter published July 26, the FCA said several firms had experienced IT outages and severe operational issues due to a surge in trading activity on November 9, 2020.
TechTarget: Venture capitalists are investing heavily in cybersecurity as low series rounds receive record-setting funding, and analysts say the trend will only continue.
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