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Chief Investment Officer: Mergers and acquisitions are up this year for firms providing cybersecurity tools and services, amid heightened attacks by criminals and increased use of artificial intelligence to counter the bad guys.
BNN Bloomberg: As the number of cyber-attacks has risen in recent years, a new survey finds that the incidents are leading to reputational damages amongst impacted organizations. The Canadian Internet Registration Authority (CIRA) released the results of its latest annual Cyber Security Survey.
Yahoo Finance: Palo Alto Networks and Deloitte announced an expansion of their strategic alliance into the EMEA and JAPAC regions, making Palo Alto Networks AI-powered cybersecurity solutions and joint offerings available to Deloitte clients globally.
CSO Online: With rapid advancements in Artificial Intelligence (AI) pushing boundaries and the regulatory environment in constant flux, achieving cyber resilience is becoming more difficult for enterprises.
The Target: Car dealership company AutoCanada, which has 66 dealerships.
The Take: The data that has been exposed includes full names, addresses, dates of birth, payroll information, including salaries and bonuses, social insurance numbers, bank account numbers used for direct deposits, scans of government-issued identification documents, and any personal documents stored on a work computer or drives tied to a work computer.
The Vector: The threat actors published terabytes of data allegedly stolen from AutoCanada, including databases, NAS storage images, executives' information, financial documents, and HR data.
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
TechCrunch: As the volume of cyberattacks grows, there’s increasing interest from the corporate sector in tech to help automate responses to breaches. Per a 2023 survey from analytics firm Devo, 80% of security leaders expected expanded investments in security automation technology this year; most cited the tech’s potential to support cyber-threat mitigation.
The Guardian: A CrowdStrike senior executive apologized for causing a global software outage that ground the operations of hospitals, airports, payment systems and personal computers around the world to a halt in July.
BNN Bloomberg: Cybersecurity startup Wiz Inc. is in discussions to sell existing shares at a valuation as high as $20 billion, according to people with knowledge of the matter.
Yahoo Finance: One of the main drivers contributing to the growth of the cybersecurity insurance market is the increasing number of cyberattacks, which escalate in frequency and become more sophisticated.
Dark Reading: MoneyGram's systems and payment services are down due to a "cybersecurity issue," with no clear timeline as to when it will be back up and running once more. The money-wiring service's in-person and online payment systems have been down since Friday, Sept. 20.
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