.jpg?width=200&height=78&name=CH%20Diligence%20(thicker%20line).jpg "CH Diligence (thicker line)")
Tech Crunch: There are two types of enterprise startups: those that create value and those that protect value. Cybersecurity is most definitely part of the latter group, and as a vertical, it has sprawled the past few years as the scale of attacks on companies, organizations, and governments has continuously expanded.
Reuters: A cyber attack on Asian ports could cost as much as $110 billion, or half the total global loss from natural catastrophes in 2018, a Lloyd’s of London-backed report said.
Dark Reading: According to its annual "State of Enterprise Risk Management" report, ISACA found that 29% of the 4,625 risk managers polled identify cybersecurity at the top threat to their business, while 15% consider reputational risks and 13% name financial dangers as most critical...
ZDNet: In total, roughly three million records were exposed, revealing the names, telephone numbers, email addresses, and cities where clients were registered.
The target: Imperva, cyber-security firm based out of California.
The take: A complete copy of their customer information database.
The attack vector: Imperva uploaded a snapshot of its customer database for testing. However, in an unrelated incident, they left one of their internal systems publicly accessible on the internet from which the attacker stole key to the recently uploaded database. Using the key, the hacker was able to download a copy of the customer information.
After Imperva adopted cloud technologies to scale their infrastructure to meet increasing needs, they failed to account for the increased risk of this strategy. Cyber-security diligence applies at all levels of scale including times of expansion and investment in new technology.
The Guardian: Thousands of reports of cybercrime were quarantined on a police database instead of being investigated because software designed to protect the computer system labelled them a security risk.
Cision: A pan European survey of almost 600 successful businesses* has revealed that 61% of business leaders on the board of their company believe that in the war against cybercrime the hackers are more sophisticated than the software developers.
Institutional Investor: Hackers breached the official email accounts of investment executives at the Kansas University endowment and Community Foundation of Texas late last month. This week, attackers hit hedge fund Arena Investors, sending a malicious phishing email from its chief operating officer’s address.
Asian Investor: With cybersecurity challenges set to keep mounting, investing into the area seems a sensible move, not least because it offers asset owners a potential inside track to protecting themselves.
But Asia-based investors looking to do so face several hurdles, in addition to the high current valuations, something Singapore state investor Temasek is well aware of.
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NCSC: The National Cyber Security Centre (NCSC) has defended the UK against more than 600 cyber attacks in the past year – bringing the total number to almost 1,800, new figures show.
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