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Fortune: Cybersecurity startup KnowBe4 has secured a minority investment from private equity giant KKR that values the firm at more than $800 million. KKR is making an initial commitment of up to $50 million in KnowBe4, according to sources with knowledge of the transaction, with plans for an additional investment in the company already in the works...
Time: Hackers linked to North Korea continued waging cyberattacks against U.S. companies and other targets while leaders from Washington and Pyongyang met for their second summit last week, the New York Times reports. Throughout the ongoing, 18-month operation, hackers from Lazarus group have persistently targeted key industries...
HarvardBusinessReview: Another year and another hack and what seems like a very long wait to learn that it happened. Recently, Marriott waited 11 weeks to reveal that 383 million customer records had been compromised, exposing at least 25 million passport numbers and 8 million payment cards. Can you imagine a company like Marriott waiting for 11 weeks to disclose its quarterly earnings numbers? That wouldn’t be acceptable...
Euronews: LONDON (Reuters) - Britain's banks will have to show they could recover from a cyber attack within hours to avoid customer payments being delayed to the next day, the Bank of England said on Tuesday. The BoE said it would hold a pilot cyber stress test of lenders mid-2019 but individual results won't be published...
Zdnet: The top management at some of the UK's biggest companies still don't fully understand the potential risks of a cyberattack on their business, says a government report. While nearly every big company (96%) claims to have a cybersecurity strategy in place, less than half (46%) back that up with dedicated budget. And only one in eight (16%) say they have a comprehensive understanding of the impact of loss or disruption that comes with cyber threats...
The target: Target, an American retailer.
The take: PPayment card information, and/or names, phone numbers and e-mail addresses for up to 70 million customers.
The attack vector: Attackers accessed Target’s network via credentials stolen from a third-party HVAC vendor, installed malware and exfiltrated the data in what was one of the first major data breaches to make headlines.
GlobeNewswire: Since 2017 there has been a 400 to 600 percent increase in the amount of cryptomining malware being detected globally, the vast majority of which has been found on social media platforms. Of the top 20 global websites that host cryptomining software, 11 are social media platforms like Twitter and Facebook...
CanadianSecurityMagazine: Cyber security incidents have become the new normal for Canadian companies, with 100 per cent of organizations experiencing attacks, according to the findings of a new study from Scalar Decisions Inc. of more than 400 Canadian IT and security workers...
PRNewswire: It was announced that Ionic Security Inc. closed a $40 million Series E round led by financial services leader JPMorgan Chase & Co., with participation by Google LLC as a new investor. Current venture investors Kleiner Perkins, GV, Icon Ventures, Meritech Capital, TechOperators and Ten Eleven Ventures participated, alongside other new and existing investors. JPMorgan joins Goldman Sachs and SunTrust Bank as the third major financial services firm to invest in Ionic Security...
Thescottishsun: TESCO customers are being warned about a new scam that could let fraudsters take control of your account. The supermarket said a number of its shoppers had received a phishing email about a grocery order they hadn't placed online. More than 400,000 phishing emails are reported to Action Fraud every year - and those are just the ones flagged by victims...
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