.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
CPA: The average cost of cybercrime surged 29 per cent in the U.S. between 2017 and 2018, reaching US$27.4 million per organization, according to an Accenture Security and Ponemon Institute study, which was based on interviews with more 2,600 senior security professionals at 355 companies in 11 countries (including Canada).
The Crime Report: The U.S. government should adopt structural changes not seen since the 2001 terrorist attacks to confront proliferating cyber threats that increasingly endanger national and economic security, a federal commission concluded, reports the Wall Street Journal.
The Straits Times: An engineer who attended the annual RSA cybersecurity conference in San Francisco last month (February 2020) has tested positive for the coronavirus and is seriously ill with respiratory issues.
ETF Trends: Cybersecurity breaches over the years have certainly put the need for preventative measures at the forefront, and that can only intensify as the financial technology (fintech) space continues to advance. For investors looking to park their capital at the current low prices amid the coronavirus outbreak, cybersecurity and fintech ETFs is one area to watch.
The Next Web: There are a few things we just won’t stand for in 2020 – but first on the list is the phrase, “employees are the weakest link in cyber security.” It’s a saying that people really should have ditched in 2019.
Central Bank: The Central Bank has today published the findings of a Thematic Inspection into the cybersecurity risk management practices in Asset Management firms. The purpose of the Inspection was to determine the adequacy of cybersecurity controls and cybersecurity risk management practices of the inspected firms and to identify good practices.
The target: C3UK, a provider of Free WiFi at railway stations across the UK
The take: Personal data of more than 10K rail passengers including dates of birth, email addresses and travel plans
The attack vector: A security researcher discovered that C3UK had left a database backup publicly exposed on an Amazon Web Services storage device with no password protection.
While security controls around production systems and databases are missions critical, care must also be taken when storing and transferring backups and duplicate copies of production data. Security controls must always be commensurate to the level of sensitivity of data being handled, and must travel with that data throughout its lifecycle.
ABC News: To thwart increasingly dangerous cyber criminals, law enforcement agents are working to “burn down their infrastructure” and take out the tools that allow them to carry out their devastating attacks, FBI Director Christopher Wray said.
BBC: The UK watchdog said the airline's computer systems had exposed details of 111,578 UK residents and a further 9.4 million people from other countries. These included names, passport details, dates of birth, phone numbers, addresses and travel history. "Appropriate security" was not in place between October 2014 and May 2018.
Bob's Guide: According to James Kemp, managing director, Association for Financial Markets in Europe (AFME), there is uncertainty over how to regulate concentration risk in a way that does not stifle innovation or eradicate smaller third-party suppliers.
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