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Industry News: ESG5

    Private Equity Firms Gain Enhanced Cyber Due Diligence and Portfolio Assessments with New Tool from BlackSwan Cyber

    2024-04-30

    PR Newswire: BlackSwan Cyber, a leading M&A Cybersecurity Advisor, has announced the release of its Cyber Maturity Assessment Platform. 

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    AI Increases Cybersecurity Threats Amidst IT Budget Cuts, Study Warns

    2024-04-29

    BNN Bloomberg: A new study warns that cybersecurity measures must be prioritized amidst an increasingly sophisticated threat of artificial intelligence (AI). 

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    UK’s Revamped Surveillance Rules Become Law Despite Industry Opposition

    2024-04-29

    CSO Online: The UK’s Investigatory Powers (Amendment) Act (IPAA) received royal assent, making it law and broadening the government’s ability to collect bulk communications data.

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    Standard Chartered CEO on Why Cybersecurity Has Become a 'Disproportionately Huge Topic' at Board Meetings

    2024-04-28

    The Record: As the chief executive of one of the largest banks in the world, Bill Winters is constantly identifying, evaluating and taking steps to mitigate risks.

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    Know Your Breach: Discord

    The Target: Discord is an instant messaging and VoIP social platform which allows communication through voice calls, video calls, text messaging, and media and files.

    The Take: Four billion public Discord messages which were publicly accessible and gathered from 14,201 servers, which are home to 627,914,396 users.

    The Vector: Scraping is a method where automated tools extract information from a platform, such as Discord, by exploiting weaknesses in bots or unofficial apps’ access and interaction with the targeted platform.

     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. Change your password, enable two-factor authentication and be mindful of sharing personal information or sensitive content within Discord chats, even on private servers.

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    Darktrace Agrees Sale to Thoma Bravo for $5.32 Billion

    2024-04-26

    BNN Bloomberg: UK cybersecurity company Darktrace Plc agreed to sell itself to private equity firm Thoma Bravo for an equity value of about $5.32 billion. The deal will give Darktrace holders $7.75 in cash, or 620 pence per share, the companies said in a statement.

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    IBM Acquiring HashiCorp for $6.4 Billion

    2024-04-25

    SecurityWeek: IBM and HashiCorp have entered into a definitive agreement approved by the boards of both companies, but the deal still requires approval from regulators. The transaction is expected to close by the end of the year.

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    Nations Mandate Certification & Licensure of Cybersecurity Pros

    2024-04-22

    Dark Reading: Malaysia has joined at least two other nations — Singapore and Ghana — in passing laws that require cybersecurity professionals or their firms to be certified and licensed to provide some cybersecurity services in their country.

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    Abacus Group Enhances its Managed IT and Cybersecurity Services for Evolving Needs of Financial Services

    2024-04-22

    PR Newswire: Abacus Group, the leading Managed Services Provider ("MSP") to financial services firms with specialized cybersecurity expertise provided by Gotham Security, an Abacus Group company, unveils a revamp of its integrated IT and security solutions and services to meet the changing needs of the financial services industry.

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    Global Industrial Cybersecurity Market Size To Exceed USD 39.94 Billion By 2033

    2024-04-22

    Globe Newswire: The Global Industrial Cybersecurity Market Size is to Grow from USD 18.74 Billion in 2023 to USD 39.94 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 7.86% during the projected period.

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