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Venture Beat: CEO Harold Brewer says the DefenseStorm team will work with the VC firm’s Georgian Impact team to accelerate adoption of applied AI and will tap its expertise to further develop DefenseStorm’s solutions suite and build out its sales and engineering team.
ZDNet: Cyberattacks and data breaches have cost UK mid-market companies over £30 billion, yet organisations remain complacent about their cybersecurity capabilities – putting them at greater risk from hackers and cybercrime.
The target: Bitpoint - A Tokyo based cryptocurrency exchange.
The take: 28 million USD total. 24 million were customer assets and 4 million were company assets. All of Bitpoint’s services are now suspended for customers.
The attack vector: Unauthorized access to its hot (stored/accessible online) wallet system through the mismanagement and compromise of user’s private keys. No breach of cold (offline storage) wallets were detected.
Financial Times Adviser: Speaking at the FCA’s annual public meeting, July 17, Megan Butler said the number of incidents reported to the regulator had increased to 916 for the year 2018-19 from 229 the year before.
Cision: Advisor Group, one of the nation's largest networks of independent wealth management firms, comprising FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury Financial, announced the introduction of the CyberGuard Program, an evolving toolkit of cybersecurity services and support platforms aimed at empowering its 7,000 advisors across the country to protect themselves and their clients from the ever-increasing threat of cyber-attacks.
Reuters: A 20-year-old Bulgarian cybersecurity worker has been arrested and charged with hacking the personal and financial records of millions of taxpayers, officials said on, as police continue to investigate the country’s biggest-ever data breach.
Retail Banker International: Banking cybersecurity and cyber-compliance services provider DefenseStorm has raised $15m in a Series A financing round.
The financing round was led by Georgian Partners. As a part of the deal, Georgian Partners managing partner Justin LaFayette will join the DefenseStorm board of directors.
Standard Digital: Banks and mobile money firms will from October be required to furnish the Central Bank of Kenya (CBK) with information on cyber-attacks on a real-time basis.
This latest measure follows a decision by the banking regulator to step up surveillance on cyber fraud.
Law.com: Peter Marta, most recently chief cybersecurity lawyer at JPMorgan Chase & Co., has joined the privacy and cybersecurity practice of Hogan Lovells in New York as a partner, where he plans to help clients handle regulatory issues and cyber threats.
BBC: The Federal Trade Commission (FTC) has been investigating allegations that political consultancy Cambridge Analytica improperly obtained the data of up to 87 million Facebook users.
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