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    Industry News: ESG5

      CrowdStrike Falls a Day After Disappointing Earnings Outlook

      2024-11-26

      BNN Bloomberg: CrowdStrike Holdings Inc. fell in early trading after the cybersecurity company issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that it has recovered from a flawed update that crashed computers around the world.

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      Cyberattacks Cost British Businesses $55 Billion In Past Five Years, Broker Says

      2024-11-26

      MSN: Cyberattacks have cost British businesses around 44 billion pounds ($55.08 billion) in lost revenue in the past five years, with 52% of private sector companies reporting at least one attack in that time, insurance broker Howden said.

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      Australia’s first Cyber Security Act Passes Both Houses

      2024-11-25

      CSO Online: The Cyber Security Legislative Reforms proposed by the Australian federal government passed both houses on 25 November, during the last week of Parliamentary sittings. 

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      DOJ: Man Hacked Networks to Pitch Cybersecurity Services

      2024-11-25

      Bleeping Computer: A Kansas City man has been indicted for allegedly hacking into computer networks and using this access to promote his cybersecurity services.

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      Anti-Ransomware Startup Halcyon Valued at $1 Billion in Funding Round

      2024-11-25

      BNN Bloomberg: Cybersecurity startup Halcyon Tech Inc. is the industry’s latest unicorn, reaching $1 billion valuation in a deal to raise $100 million as it aims to combat the rise of ransomware attacks. 

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      AI In Cybersecurity: Understanding The New Regulatory Framework And What It Means For Businesses

      2024-11-25

      Forbes: In today's era, cybersecurity increasingly relies on artificial intelligence (AI) to keep up with evolving threats. As businesses integrate more technology into their processes, the risks of data breaches and cyberattacks also rise.

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      Know Your Breach: Maxar

      The Target: Maxar Space Systems is a major player in the American aerospace industry, considered an expert in building communication and Earth observation satellites.

      The Take: Maxar Space Systems says that the attacker likely has access to a system that contained the following employee information: name, home address, social security number, business contact information, gender, employment status, employee number, job title, hire/job termination start dates, supervisor, department.

      The Vector: The information security team discovered that a hacker using a Hong Kong-based IP address targeted and accessed a Maxar system containing certain files with employee personal data.

      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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      Study Finds 76% Of Cybersecurity Professionals Believe AI Should Be Heavily Regulated

      2024-11-21

      Dark Reading: As artificial intelligence (AI) continues to revolutionize industries, the cybersecurity field faces a dual-edged sword of opportunities and threats. StrongDM's latest report, "The State of AI in Cybersecurity," highlights the growing concerns and readiness of cybersecurity professionals to tackle AI-driven challenges.

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      Wiz Acquires Dazz for $450 Million to Expand its Cybersecurity Platform

      2024-11-21

      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.

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      11 Biggest Financial Sector Cybersecurity Threats

      2024-11-20

      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. 

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