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Industry News: ESG5

    Barracuda Networks Changes Hands with Purchase by Global Investment Firm KKR

    2022-04-13

    ZDNet: Founded in 2003, Barracuda is the developer of cybersecurity solutions, including email protection, app and cloud defenses, data management, and network security. Products include Secure Access Service Edge (SASE) offerings, threat detection and response, and data inspection.

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    Companies Must Get More Pro-active in Fight Against Cyber Crime

    2022-04-13

    Tech Central: Since the beginning of the pandemic and the HSE ransomware attack, there has been a stark increase in phishing e-mails and ransomware attacks. 

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    AI Has Opened a New Front in the War with Cybercrime

    2022-04-13

    Tech Radar: Year after year, we see attackers, ranging from entry-level hackers to nation-state cyber armies, add new tactics, techniques and procedures (TTPs) to their cyberattack playbooks.

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    Why the Pandemic's Effect on Cloud is More Than a Technology Change

    2022-04-13

    Beta News: The COVID-19 pandemic has led to a technology leapfrog beyond anything we’ve seen in decades. But now that we’ve made this leap is there any going back? And do we have the right technology for enterprises to keep up with new demands?

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    Critical Start Secures Over $215 Million Strategic Growth Investment from Vista Equity Partners to Expand Cybersecurity Protection for the Modern Enterprise

    2022-04-12

    Cision: Critical Start (or "the Company"), a leading provider of Managed Detection and Response (MDR) cybersecurity solutions, announced an over $215 million strategic growth investment from Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses. 

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    Morgan Stanley Data Breaches $60M Class Action Settlement

    2022-04-12

    Top Class Actions: Morgan Stanley agreed to a $60 million settlement to resolve a class action lawsuit regarding its 2016 and 2019 data breaches.

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    Data Protection Authorities Propose GDPR Fines for Bank of Ireland and Danske Bank

    2022-04-11

    GDPR Buzz: The Danish Data Protection Agency (DPA) has proposed a fine of 10 million Danish Kroner – around $1.48 million – on the country’s largest lender, Danske Bank, for failing to implement GDPR-compliant procedures concerning the storage and deletion of the personal data of its customers. The DPA has also filed a criminal complaint against the bank and has reported it to the police over the failure to delete customers’ personal data from its systems.

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    Know Your Breach: Fox News

    The Target: Fox News, a U.S based news organization.

    The Take: Exposure of Personally Identifiable Information including: internal employee emails, usernames, employee ID numbers, affiliate information, event logging, host names, IP address, and device data.

    The Vector: A misconfiguration of a storage server left the data exposed online, meaning anyone with an internet connection could have accessed and downloaded the information. 

    This breach highlights the critical importance of employing robust practices of credential management, user authentication and validation. An unprotected point of entry on a key piece of equipment like a storage server can lead to a breach with a cascading effect on data security. The detailed personal information, along with the event logs and sensitive company information, can lead to highly effective phishing attacks.

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    Report Finds Only 3% of Venture-Backed Cyber Security Startups Are Led by Women

    2022-04-07

    Globe Newswire: NopSec, a leading Risk-Based Vulnerability Management platform, today released findings from their Venture-Backed Women in Cyber report. This new report analyzed 654 startups that raised more than $1 million in funding from Jan. 1, 2020, to Dec. 31, 2021.

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    Half of Security Leaders Consider Quitting Due to Stress

    2022-04-07

    Info Security: Half of UK cybersecurity chiefs feel burnt out and are thinking about resigning due to the immense pressure they’re under, according to a new study from Vectra AI.

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