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DarkReading: In the aftermath of a data breach, ransomware attack, or vulnerability disclosure, organizations may think about how the news will cause their stock price to dip. New research indicates that although security incidents do affect stock price, the size of this impact largely depends on the circumstances — and rarely lasts.
Globe Newswire: Proofpoint, Inc., a leading cybersecurity and compliance company, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, in an all-cash transaction that values Proofpoint at approximately $12.3 billion.
Forbes: Apple Mac users are being urged to update their macOS software now, as they’re at “grave risk” of hackers exploiting what’s been described as one of the worst vulnerabilities to affect the tech giant’s computers in years.
The target: Codecov, a software company which provides code testing and code statistics.
The take: Security tokens and keys for 29,000 customers and employees, admin credentials, and application source code.
The attack vector: Attackers gained access to Codecov’s ‘Bash Uploader’ script, a method of uploading unencrypted data to Codecov’s servers used by clients and employees, through a previously unknown vulnerability which let them extract credentials with authority to modify the script. They then used these credentials to have all data sent to Codecov also be sent to their third-party server.
This breach highlights the importance of securing and testing applications and processes which interact with a firm’s data storage. Wherever information is uploaded, either by clients or employees, the method used should be highly scrutinized to ensure its security is in line with industry best practice and standards.
BNN Bloomberg: Other participating investors include Paul Tudor Jones’s Tudor Group, Neeraj Chandra’s Untitled Investments and 23andme co-founder Anne Wojcicki, Deep Instinct Chief Executive Officer Guy Caspi said in an interview. Existing investors Coatue Management, Millennium and Unbound also took part.
NBC News: China is behind a newly discovered series of hacks against key targets in the U.S. government, private companies and the country’s critical infrastructure, cybersecurity firm Mandiant said.
Investment Executive: An Ontario court has approved proposed class action settlements with Bank of Montreal (BMO) and CIBC over cybersecurity breaches involving thousands of clients.
Yahoo Finance: The Justice Department is taking new aim at ransomware after a year that officials say was the most costly on record for the crippling cyberattacks.
Private Equity Wire: In Q1 2021 USD3.7 billion was invested by VCs globally, an increase of +35 per cent. That looks set to shatter 2020’s record USD8.3 billion (+22 per cent).
Bleeping Computer: The REvil ransomware gang asked Apple to "buy back" stolen product blueprints to avoid having them leaked on REvil's leak site before today's Apple Spring Loaded event.
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