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Private Equity Wire: The new module gives PE funds a single view to monitor the complete cyber risk profiles of their portfolio companies in real-time. The first offering of its kind in the industry, the module was developed in partnership with Drawbridge clients who have been confronted with a dramatic rise in cyber-attacks on their portfolio companies in terms of both size and frequency.
CNN Business: The meat supplier JBS USA paid an $11 million ransom in response to a cyberattack that led to the shutdown of its entire US beef processing operation last week, the company said in a statement.
Businesswire: ExtraHop, the leader in cloud-native network detection and response, today announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity (“Bain Capital”) and Crosspoint Capital Partners (“Crosspoint Capital”) in a strategic transaction valued at $900 million.
Morning Star: Covid-19 vaccines have transformed the global economy. The companies that produce them, meanwhile, already a big target for hackers, have to be more on their toes than ever.
Global Data: Venture capital (VC) funding and mergers and acquisitions (M&A) activity in the cybersecurity space fluctuated during 2016-2020, according to GlobalData, a leading and data analytics company.
The target: 20/20 Hearing Care Network, a vision and hearing benefits administrator.
The take: 3.3 million records of Personally Identifiable Information including: names, addresses, member numbers, date of birth, and health insurance information.
The attack vector: An unsecured Amazon Web Services cloud storage database server was left online with no password protection. This meant anyone with an internet connection was able to connect and download the data. In addition, after the data was removed by the attackers, it was then deleted.
This breach highlights the critical importance of firm’s data backups, and if there should be an incident where information is deleted, it’s essential to be able to restore data to fully ascertain the scope of the breach. Proper credential management to ensure accounts and permissions are appropriately deployed and used, is an integral part of maintaining a robust cybersecurity posture.
Computing: Ransomware gangs should be tracked and disrupted using the same strategies deployed against terrorist groups, US Department of Justice officials have suggested.
CNBC: The Biden administration is urging corporate executives and business leaders to take immediate steps to prepare for ransomware attacks, warning in a new memo that cybercriminals are shifting from stealing data to disrupting core operations.
CNBC: The U.S. cybersecurity firm said the sale will split Mandiant Solutions, its cyber forensics unit, from its cloud security, network and email products.
ZDNet: Cybersecurity works best when people know that their corporate information security team will be sympathetic to mistakes. That's because, if someone suspects they may have clicked a phishing link or fallen victim to a cyberattack, they're much more likely to be open about it – and that helps the whole organisation stay secure against malicious hackers.
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