.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
Silicon Canals: The Hague-based Eye Security, a subscription-based cybersecurity and insurtech company, announced on November 16, that it has secured €17M in a fresh financing round led by global venture capital firm Bessemer Venture Partners.
CNN: A Ukrainian man wanted for over a decade by the FBI for a multimillion-dollar hacking scheme has been arrested in Switzerland and is awaiting extradition to the US, Swiss authorities confirmed to CNN.
Financial Post: Canada ranks fifth among 20 countries in its preparation for and response to cybersecurity threats, according to a standard created by an academic journal and a security vendor.
Holland & Knight: The New York Department of Financial Services (NYDFS) on Nov. 9, 2022, released Proposed Amendments to its Cybersecurity Regulation.1 The NYDFS Cybersecurity Regulation was one of the first laws requiring companies to comply with a prescriptive set of requirements in their cybersecurity program and has been credited for influencing similar requirements by several other regulatory bodies.
Businesswire: Financial services organisations in the UK are preparing for an onslaught of increased cyberattacks in the next year, according to new research by Keeper Security. The 2022 Financial Services Cybersecurity Census Report uncovered that, on average, UK financial services businesses experienced 39 cyberattacks in the last 12 months and one in 10 experienced between 500 and 1,000 attacks.
Forbes: As we continue to rely on technology more and more, we should also be increasingly thinking about protection. According to Cyber Security Hub, two-thirds of companies are spending more on cybersecurity in 2022 than last year — a pattern that should only continue.
CTV News: The federal auditor general says government departments have not always effectively implemented measures to ensure secure storage of information in the digital cloud.
The Target: Harcourts’s Melbourne branch, a real estate company.
The Take: Exposure of Personally Identifiable Information including: names, email addresses, home addresses, phone number, copy of signatures, photo identification, and some bank details.
The Vector: An employee’s credentials were compromised at one of Harcourt’s third-party providers, Stafflink. The breach occurred because the employee was using one of their own unsecured devices for work rather than a company issue device. The compromised credentials account allowed the attacker full access to the above personal information.
This breach is a stark reminder of how authentication controls are in an overall robust cybersecurity posture, and more critically, why enforcing security rules and strategies is only effective if employees are using compliant devices where these rules exist. Enforcing multi-factor authentication, reasonably paced password resets, and regular social engineering and phishing awareness training are all effective strategies to mitigate these kinds of breaches to protect a firm’s customer base.
Forbes: Executives and other business leaders are constantly bombarded—whether by email, social media or otherwise—with advertising of the latest and greatest cybersecurity products. With thousands of vendors offering solutions in the cybersecurity space, it's no surprise that they are all clamoring for attention and, of course, some share of the wallet.
Harvard Law School Forum: Digitalisation has changed the way companies operate and given rise to a rapidly evolving set of risks that companies face and must prepare for – cybersecurity risks. The increasing prevalence of cyber attacks, notably ransomware, coupled with declining availability of cyber insurance, is leaving companies increasingly exposed to the often-significant impacts of a cybersecurity incident.
Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →
Montreal
1080 Côte du Beaver Hall, Suite 904
Montreal, QC
Canada, H2Z 1S8
+1-450-465-8880
Halifax
168 Hobsons Lake Drive Suite 301
Beechville, NS
Canada, B3S 0G4
Tel: +1 902 429 8880
Manila
10th Floor, Two Ecom Center
Mall of Asia Complex
Harbor Dr, Pasay, 1300 Metro Manila
Philippines
Sydney
Level 15 Grosvenor Place
225 George Street, Sydney NSW 2000
Australia
Tel: +61 (2) 8823 3370
Abu Dhabi
Floor No. 15 Al Sarab Tower,
Adgm Square,
Al Maryah Island, Abu Dhabi, UAE
Tel: +971 (2) 694 8510
Prague
2nd Floor, The Park
V Parku 8
Chodov, Praha, 148 00
Czech Republic
Copyright © 2021 Entreprise Castle Hall Alternatives, Inc. All Rights Reserved.
Terms of Service and Privacy Policy