.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
Pitchbook: Even as the UK government scrambles to support the cybersecurity industry following a string of attacks, VC funding for UK cybersecurity startups is on track to hit its lowest level in a decade.
SecurityWeek: After the US bombed three key nuclear sites in Iran, the regime in Tehran vowed to retaliate. The Department of Homeland Security (DHS) issued a national terrorism advisory system bulletin, warning that the Iranian government has publicly condemned the United States’ involvement in the conflict and that retaliation could come in several forms.
The Target: Scania is a major Swedish manufacturer of heavy trucks, buses, and industrial and marine engines and is a member of the Volkswagen Group.
The Take: Documents related to insurance claims were downloaded. Insurance claim documents are likely to contain personal and possibly sensitive financial or medical data, so the incident could have a significant impact on those affected. At this time, the number of exposed individuals remains undefined.
The Vector: On the 28th and 29th of May, a perpetrator used credentials for a legitimate external user to gain access to a system used for insurance purposes; the current assumption is that the credentials used by the perpetrator were leaked by a password stealer malware.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
Yahoo Finance: Swiss banks UBS and Pictet said they had suffered a data leak due to a cyber attack on a provider in Switzerland that did not compromise client information, although a report said thousands of UBS workers' data was affected.
Bleeping Computer: Instagram ads impersonating financial institutions like Bank of Montreal (BMO) and EQ Bank (Equitable Bank) are being used to target Canadian consumers with phishing scams and investment fraud.
Private Equity Insights: The fund – named Tikehau Défense et Sécurité – marks a first in the French market as a non-listed vehicle eligible for unit-linked life insurance and retirement savings products.
Plan Adviser: The Securities and Exchange Commission has withdrawn 14 proposed rules and amendments issued between March 2022 and November 2023, under former President Joe Biden, continuing the agency’s regulatory shift under leadership appointed by President Donald Trump.
SecurityWeek: The probe, still in its early stages, will assess whether the deal would harm competition in the cybersecurity market. The publication noted that these reviews can stretch for months and may include interviews with customers, rivals, and the merging companies.
Bleeping Computer: Threat intelligence researchers are warning of hackers breaching multiple U.S. companies in the insurance industry using all the tactics observed with Scattered Spider activity.
The Guardian: It is every bank boss’s worst nightmare: a panicked phone call informs them a cyber-attack has crippled the IT system, rapidly unleashing chaos across the entire UK financial industry.
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