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Industry News: ESG5

    Know Your Breach: Prudential Insurance

    The Target: Prudential Insurance — one of the largest insurers in the United States.

    The Take: The company said the names, addresses, driver's license numbers or ID cards of 36,545 were accessed.

    The Vector: The company filed documents with the SEC on February 13 warning that a “cybercrime group” was able to access “administrative and user data from certain information technology systems and a small percentage of Company user accounts associated with employees and contractors.”

     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.

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    US Government Commits $3.6 Million To Address Cybersecurity Skill Shortage

    2024-04-04

    Cointelegraph: The United States National Institute of Standards and Technology (NIST) said it awarded cooperative agreements of almost $3.6 million, aiming to build a workforce to help guard businesses against cybersecurity risks. 

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    BlackBerry Reports Surprise Profit on Demand for Cybersecurity Services

    2024-04-04

    Yahoo Finance: Canada's BlackBerry reported a surprise profit for the fourth quarter, helped by higher demand for its cybersecurity services amid growing online crimes and high-profile hacks.

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    EU Drops Sovereignty Requirements In Cybersecurity Certification Scheme, Document Shows

    2024-04-03

    MSN: Amazon, Alphabet's Google and Microsoft may find it easier to bid for EU cloud computing contracts after draft cybersecurity labelling rules scrapped a requirement that vendors should be independent from non-EU laws, according to the document seen by Reuters.

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    Study Finds That Top Performing Mid-Market Companies Invest 285% More in Cybersecurity

    2024-04-02

    PR Newswire: Corsica Technologies, a leader in Cybersecurity and IT Managed Services, has released an illuminating study that sheds light on the current landscape of technology outsourcing in midmarket companies. 

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    Open Source Foundations Unite on Common Standards for EU’s Cyber Resilience Act

    2024-04-02

    TechCrunch: Seven open source foundations are coming together to create common specifications and standards for Europe’s Cyber Resilience Act (CRA), regulation adopted by the European Parliament last month.

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    Cybersecurity CEOs Join Forces To Launch Lockchain.ai: The First AI-Powered Blockchain Risk Management Platform

    2024-04-01

    PR Newswire: Lockchain.ai, the AI-powered Blockchain Risk Management platform, has announced its official launch from stealth to bring automated risk management solutions to traders, investors, and fund managers in the blockchain ecosystem. 

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    Microsoft-Backed Cybersecurity Platform Rubrik Files For US IPO

    2024-04-01

    Yahoo Finance: Rubrik plans to list its shares in a U.S. initial public offering, the cybersecurity platform said in a filing, adding to a growing wave of companies turning to capital markets after a two-year lull.

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    Know Your Breach: Okta

    The Target: Okta is a San Fransisco-based cloud identity and access management solutions provider whose Single Sign-On (SSO), multi-factor authentication (MFA), and API access management services are used by thousands of organizations worldwide.

    The Take: The leaked data includes user IDs, full names, company names, office addresses, phone numbers, email addresses, positions/roles, and other information.

    The Vector: In October 2023, Okta warned that its support system was breached by hackers using stolen credentials, allowing attackers to steal cookies and authentication for some customers.

    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.

    Read more...

    Atos Shares Sink as Airbus Ends Talks to Buy BDS Cybersecurity Arm

    2024-03-20

    MSN: Airbus has called off talks to buy the BDS cybersecurity unit of France's Atos, sending shares in the software company tumbling by more than a fifth.

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