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SEC: The Commission is considering a proposal to mandate cybersecurity disclosures by public companies. I am pleased to support this proposal because, if adopted, it would strengthen investors’ ability to evaluate public companies’ cybersecurity practices and incident reporting.
Business Wire: Axonius, the leader in cybersecurity asset management and SaaS management, today announced that it closed $200 million in Series E funding, led by Accel, with participation from new investors Silver Lake Waterman, Alta Park Capital, and Owl Rock, a division of Blue Owl, and existing investors Bessemer Venture Partners, Lightspeed Venture Partners, Alkeon, Stripes, ICONIQ, and DTCP. This investment follows a 2021 round of $100 million, increasing total funding to $395 million, with a valuation of $2.6 billion.
CNN: A Chinese government-backed hacking group has breached local government agencies in at least six US states in the last 10 months as part of a persistent information-gathering operation, investigators at cybersecurity firm Mandiant said.
CNBC: Google announced that it plans to buy cybersecurity firm Mandiant for around $5.4 billion as part of an effort to better protect its cloud customers.
BNN Bloomberg: A Goldman Sachs Group Inc. analyst warned an escalation of Russia’s conflict with Ukraine could spark “malicious cyber activity” with the potential to inflict significant economic and social costs.
The Target: Mon Health, a healthcare services provider.
The Take: Exposure of Personally Identifiable Information including: names, addresses, birth dates, social security numbers, medical record numbers, treatment data, and insurance claim numbers.
The Vector: The firm suffered a BEC (business email compromise), in which the attacker impersonated a high-level member of the company to request payment, or in this case, get access to sensitive data.
This breach highlights the importance of regular IT threat awareness training to employ a measured approach to all requests for access or payment, no matter what the source. BEC attacks exploit employee’s willingness to get things done fast, and by using a robust cyber security posture, these attacks can be greatly mitigated.
U.S. News: The U.S. Treasury Department has reached out to cryptocurrency companies about their cybersecurity controls amid concerns that Russia could wage retaliatory cyber attacks in response to Western sanctions, according to a person familiar with the situation.
Sky News: Now we have a war, started by what is widely recognised as one of the most advanced cyber powers in the world, yet so far cyber has played little part in the fighting.
Private Equity Wire: Cybersecurity is expected to be the biggest challenge and opportunity facing technology, media and telecommunication (TMT) mergers and acquisitions professionals (M&A) in 2022, according to new research by Datasite.
Investment News: U.S. officials have already blamed Russia for at least two rounds of attacks on Ukrainian websites in February — the largest in the country’s history — and have alerted American financial institutions to be on the lookout for increased cyber activity.
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