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Investment Executive: With economic activity increasingly taking place online, cyberattacks are an ever-present threat. That’s why cybersecurity companies — often referred to as the utilities segment of the digital world — continue to grow rapidly even in a sluggish economy.
Yahoo Finance: Agio, a leading managed IT and cybersecurity provider for financial services firms, published its annual 2023 Hedge Fund Managed IT Trends Report.
Forbes: Cybersecurity is not one thing but a layering of security tools and processes to protect your data. The two most common layers people think of are the firewall and antivirus solutions.
Verdict: Analysis of the key themes driving private equity deal activity reveals that cybersecurity accounted for 18 technology deals announced in Q1 2023, worth a total value of $2.1 billion.
ZDNet: Generative artificial intelligence is transforming cybersecurity, aiding both attackers and defenders. Cybercriminals are harnessing AI to launch sophisticated and novel attacks at large scale.
The Target: Brightline, a pediatric mental and behavioural health provider.
The Take: Exposure of Personally Identifiable Information including: full names, physical addresses, dates of birth, member identification numbers, date of health plan coverage and employer names.
The Vector: A zero-day exploit was used to breach a third-party vendor, Fortra, of Brightline’s, targeting their file transfer software which let the attackers gain access to sets of files throughout the third-party vendor’s systems.
This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.
BeinCrypto: Over the past few years, the SEC has tightened its regulatory oversight of cryptocurrency private funds. Admittedly, the SEC is responsible for regulating securities and investments in the United States.
Crunchbase: It is difficult nowadays to talk to investors in any tech sector without AI coming up in the conversation — and that is certainly true in cybersecurity.
The Guardian: The City regulator has contacted Capita’s corporate clients urging them to ascertain whether their customers’ data has been compromised after a cyber-attack on the outsourcer in March.
Forbes: Despite business leaders' growing awareness of cybercrime—and the rapid adaptations offered by new cybersecurity architectures—criminals continue to successfully exploit weaknesses created by these evolving business infrastructures.
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