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Industry News: ESG5

    Warburg Pincus-Backed Cybersecurity Firm eSentire Explores Sale, Sources Say

    2024-08-13

    Yahoo Finance: The owners of eSentire are exploring options including a potential sale that could value the cybersecurity company at about $1 billion, including debt, according to people familiar with the matter.

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    CrowdStrike Tries to Patch Things Up With Cybersecurity Industry

    2024-08-12

    Dark Reading: A combination of factors caused the CrowdStrike Falcon endpoint detection and prevention (EDR) sensor to crash, resulting in the global outage affecting 8.5 million Windows systems in July, the company said in a root-cause analysis of the incident.

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    Know Your Breach: HealthEquity

    The Target: HealthEquity, a Utah-based health savings account (HSA) provider.

    The Take: The stolen information included a mix of benefits sign-up information that varied by customer. That mix could include name, address, phone number, employee ID, employer, Social Security number, and dependent information.

    The Vector: The company said in a notice that a hacker managed to breach an "an unstructured data repository outside our core systems" containing customer data, making off with various kinds of personally identifiable information.

    This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.

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    Ransomware Attack Forces Hundreds of Small Indian Banks Offline, Sources Say

    2024-08-01

    MSN: A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut down temporarily, two sources directly aware of the matter said.

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    Cybersecurity Company Tenable Reportedly Exploring Potential Sale

    2024-07-31

    Yahoo Finance: American cybersecurity company Tenable Holdings is exploring various strategic options, including a potential sale, following expressions of interest from potential buyers, reports Bloomberg.

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    Average Data Breach Costs Canadian Organizations $6.32 Million: IBM Study

    2024-07-30

    BNN Bloomberg: Canadian organizations embroiled in data breaches wind up paying an average $6.32 million to resolve the incidents, a new study from IBM says.

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    The CrowdStrike Meltdown: A Wake-up Call for Cybersecurity

    2024-07-30

    Dark Reading: On July 19, the world experienced one of the largest IT outages in history, affecting millions of users globally, and systems and people will be reeling from its impact for weeks. 

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    What The SEC's Cybersecurity Disclosure Rules Mean For Companies

    2024-07-30

    Forbes: The highly anticipated U.S. Security and Exchange Commission rules on cybersecurity risk management, strategy, governance and incident disclosure went into effect in December.

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    ‘The Worst Thing You Can Do’ After a Data Breach, According to a Cybersecurity Expert

    2024-07-30

    CNBC: When you get an email or see a headline telling you there has been a data breach at a company you do business with, the natural instinct may be to roll your eyes and go about your day.

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    ECB Cyber Security Test Reveals 'Room For Improvement'

    2024-07-29

    Finextra: The European Central Bank says there is "room for improvement" after conducting its first thematic stress test on cyber resilience to determine how well individual banks would respond to and recover from, a cyber attack. 

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