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TechCrunch: Wiz, one of the most talked-about names in the world of cybersecurity, is making a significant acquisition to expand its product reach in cloud security, particularly with developers.
CSO Online: The financial sector faces a wide array of serious security threats that will only increase as cybercriminals make greater use of AI. Financial sector firms are uniquely exposed to cyber risk due to the large amounts of sensitive data and transactions they process.
TechCrunch: Finastra, a London-based financial software company that serves most of the world’s top banks, has confirmed it’s investigating a data breach after a hacker claimed a compromise of the company’s internal file-transfer platform.
Business Wire: Twine, a US and Israeli-based cybersecurity company, announced $12M in seed funding co-led by Ten Eleven Ventures and Dell Technologies Capital, with participation from angel investors including the founders of Wiz.
SecurityWeek: The US government’s cybersecurity agency CISA on Tuesday confirmed that director Jen Easterly and deputy Nitin Natarajan will depart on January 20, clearing the way for a leadership overhaul by the incoming administration.
CFO Dive: The SEC this year blunted requirements of a rule focused on climate risk disclosure before putting the regulation on hold in the face of legal challenges. Companies would be required to disclose the impact of climate change on their finances, operations and business strategy.
The Target: Retail giant Hot Topic, which has more than 640 stores across the U.S.
The Take: The stolen data includes email addresses, physical addresses, phone numbers, purchases, genders, and dates of birth. Partial credit card data was also included in the breach, including credit card type, expiry dates, and the last four digits of the card number.
The Vector: The breach occurred on October 19 and was claimed by a threat actor operating under the alias “Satanic” on October 21. In a post on the cybercrime forum BreachForums, Satanic claimed to have stolen 350 million user records from Hot Topic and its affiliated brands, Box Lunch and Torrid.
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.
TechCrunch: More consolidation is afoot in the world of cybersecurity. Bitsight, a cybersecurity startup last valued at $2.4 billion when ratings firm Moody’s took a stake in the business and became its largest shareholder in 2021, is acquiring Cybersixgill for $115 million.
Dark Reading: The increase in cyber operations, disruptive attacks, and hacktivism in the Middle East has led the region's largest nations to pursue more sophisticated cybersecurity laws and frameworks over the past decade, leading to a dynamic regulatory landscape that companies need to navigate moving forward, according to regional experts.
Yahoo News: An Alberta Crown corporation says it recently experienced "network issues" after it was the target of a cyberattack. Dwayne Brunner, a spokesman for Alberta Innovates, wouldn't confirm when the issues began, but said an investigation is underway and all network problems have been resolved.
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