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Help Net Security: 60% of CEOs said their organizations don’t incorporate cybersecurity into business strategies, services or products from the outset, and 44% believe cybersecurity requires episodic intervention rather than ongoing attention.
SecurityWeek: The new Seed Fund I brings the firm’s total assets under management to more than $600 million. The final closing is expected for later this quarter.
CSO: The ongoing economic challenges are severely impacting CISOs, many of whom are struggling to get any salary hikes at all while new job postings for the role are on a decline, according to an IANS study.
Forbes: In the fight to keep hackers out of your network and applications, a robust cybersecurity program focuses a lot on access management and authorization.
TechCrunch: Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount.
Venture Beat: Emerging from stealth today with one of cybersecurity’s largest-ever seed rounds of $51 million, startup Gutsy’s vision is to revolutionize security governance through process mining.
The Target: Cloud customer relationship management (CRM) software provider Really Simple Systems.
The Take: Personally identifiable information (PII), including medical records, identification documents, real estate contracts, credit reports, legal documents, tax documents, and non-disclosure agreements.
The Vector: Cybersecurity Researcher, Jeremiah Fowler, discovered and promptly notified Really Simple Systems about a non-password-protected database that contained over 3 million records. The documents appeared to be associated with internal invoices, communications, and customer’s stored CRM files.
While some immediate corrective actions were implemented, specific folders remained open for an extended duration before their access was limited. This incident highlights the pressing requirement for strong password encryption measures to protect customer data and thwart unauthorized access to sensitive information.
Business Wire: Three-quarters (74%) of CEOs are concerned about their organizations’ ability to avert or minimize damage to the business from a cyberattack—despite the fact that 96% of CEOs said that cybersecurity is critical to organizational growth and stability, according to a new report from Accenture (NYSE: ACN).
BNN Bloomberg: BlackBerry Ltd., wrapping up a strategic review of its options, plans to hold an initial public offering for the company’s Internet of Things division, separating the business from its main cybersecurity operations.
Chief Investment Officer: Cybersecurity breaches reported by British financial services companies more than tripled in the 12-month period ending June 30, with the pension sector reporting the biggest increase at 4,000%, according to research from international law firm Reynolds Porter Chamberlain.
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