.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
BNN Bloomberg: European Union data protection watchdogs, armed with the right to levy massive fines for two years, still haven’t made full use of their powers, according to an EU report.
Nasdaq: Cybersecurity has been a hot theme this year, suddenly taking new importance in an economy that’s had workers everywhere working from home, logging into systems outside of offices, many for the first time.
Cision: The UK's vulnerability to cyber security attacks has again come under the spotlight, with only half of business leaders ready and prepared to counter digital threats they're currently facing – or are likely to confront in the future. This is despite the fact that over half (52%) link strong cyber security capabilities to increased profitability.
TECHERATI: One in six firms met the demands of hackers last year by paying out ransoms, according to the “chilling” findings of a report on cyber crime. The annual Hiscox Cyber Readiness Report revealed that 6 percent of the 5,569 firms polled – and one in six of those attacked – had surrendered by paying a ransom following a cyber attack.
The target: Postbank, the banking division of South Africa’s Post Office.
The take: $3.2 million USD
The attack vector: Rogue employees printed the bank’s ‘master key’, a 36 digit code which allows its users to decrypt the bank’s operations and modify security protocols, on a piece of paper from an old data center. Using this credential they were able to access customer accounts and execute more than 25,000 fraudulent transactions, stealing $3.2 million. In addition to the cash, the master key also gave the attackers access to ATM pins, home banking access codes, customer data and credit card information which could then be used for sophisticated phishing attacks.
This breach highlights the importance of privileged credential management and the cascading negative effects that can happen when a high level protocol is compromised.
Nikkei Asian Review: It’s every CEO’s worst nightmare: Invisible invaders rummaging through internal documents, collecting private emails, salaries and even trade secrets.
ZDNet: The 106 extensions are part of a batch of 111 Chrome extensions that have been identified as malicious in a report published today by cyber-security firm Awake Security.
HedgeWeek: Panel sessions on evolving operational challenges and cybersecurity heard how the current remote working environment is shining a light on operational risk challenges, with the ongoing coronavirus pandemic described as “the largest continuity test ever” for emerging hedge fund managers.
Institutional Investor: Private equity firms are increasingly targeting publicly traded technology companies for buyouts, including Thomas Bravo’s deal in early March to buy cybersecurity firm Sophos. As a result, some tech firms may be staying public for a far shorter period of time, according to a new report from data provider PitchBook.
The Register: Falling for an impostor’s email is easier than you might think. The recent attack which saw Norway’s state-owned investment fund, Norfund, lose an eye-watering USD 10 million (approx. 100 million NOK) was down to a simple but devastatingly effective tactic used by cybercriminals: a spoofed email address.
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