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Yahoo Finance/Reuters: Italian tech firm Exein said a pick up in European defence spending was supporting its domestic growth, as it closed a funding round aimed at global expansion.
Business Wire: Nautic Partners, LLC (“Nautic”) is pleased to announce that, in partnership with management, it has closed the acquisition of AccessIT Group, Inc. (“AccessIT”) as a new platform investment.
Yahoo Finance/Reuters: European Central Bank supervisors are focusing on issues ranging from tariffs to cyber attacks and a possible dollar shortage as they assess potential risks to the region's banking industry, five senior central bank officials told Reuters.
TechCrunch: The Trump administration, through the Department of Defense, plans to spend $1 billion over the next four years on what it calls “offensive cyber operations.”
The Target: Crypto ATM operator Bitcoin Depot
The Take: Bitcoin Depot said in its notice to customers that the breach involved their name, phone number, driver’s license number and could have also included addresses, birth dates and emails.
The Vector: On July 18, 2024, the cybersecurity firm finished its investigation and “confirmed that an unauthorized party accessed files containing personal information of certain customers,” according to a spokesperson and the customer notice.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
Business Wire: Cyberstarts, the leading early-stage cybersecurity venture firm, announced the launch of a $300 million Employee Liquidity Fund.
CSO Online: Donald Trump's sprawling tax bill, which he signed on July 4, contained a few noteworthy cyber funding items, including $250 million for US Cyber Command to spend on “artificial intelligence lines of effort.”
Investing.com: HgCapital Trust plc announced it will invest approximately £48 million in A-LIGN, a provider of cyber compliance services, as part of a larger acquisition by Hg.
Private Equity Wire: Cyber security consulting firm S-RM’s latest study, based on a survey of 100 PE professionals across the UK, Europe, and the US, reveals that 72% of respondents have experienced a serious cyber incident across their portfolios in the past three years – highlighting cyber attacks as systemic risks that span entire investment ecosystems.
Cybersecurity Dive: The Securities and Exchange Commission has reached a settlement with SolarWinds and the company’s chief information security officer, Timothy Brown, to resolve charges stemming from the Russian-backed cyberattack on the company’s systems.
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