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Industry News: ESG5

    Cybersecurity Funding Dropped 40% in 2023: Analysis

    2024-01-09

    SecurityWeek: Pinpoint’s 2023 annual cybersecurity funding report shows that there were a total of 437 funding and M&A transactions last year, including 346 funding rounds and 91 M&A deals. 

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    SEC Account Hack Renews Spotlight on X's Security Concerns

    2024-01-09

    US News: The hack of the U.S. Securities and Exchange Commission's official account on X renewed concerns about the social media platform's security since its takeover by billionaire Elon Musk in 2022.

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    AI Advances Risk Facilitating Cyber Crime, Top US Officials Say

    2024-01-09

    Yahoo News: Advances in artificial intelligence may facilitate hacking, scamming and money laundering by reducing the technical know-how required to carry out such crimes, top U.S. law enforcement and intelligence officials said 

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    AI Set To Drive VCs To Cybersecurity Investments

    2024-01-08

    Mint: Venture capital investors are scaling their cyber security investments on the back of advancements in artificial intelligence (AI) and rising instances of data security breaches.  

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    SentinelOne Acquires Peak XV-Backed PingSafe For Over $100 Million

    2024-01-08

    TechCrunch: SentinelOne’s deal to acquire PingSafe values the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest exits emerging from India.

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    How SEC Action Could Shake Up Cybersecurity

    2024-01-08

    Forbes: Remember when the cyberattack on SolarWinds broke through the coverage of Covid-19 and dominated headlines? That was around three years ago, and the story lingered for a while as a kind of cautionary tale.

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    Know Your Breach: Orrick, Herrington & Sutcliffe

    The Target: Orrick, Herrington & Sutcliffe, a popular San Francisco-based international law firm.

    The Take: The stolen data encompassed a vast array of information, including names, dates of birth, addresses, email addresses, and government-issued identification numbers like Social Security, passport, driver’s license, and tax identification numbers.

    The Vector: The intrusion into Orrick’s network compromised a file share, revealing personal information and sensitive health data of victims.

    This breach is a stark reminder of how authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

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    NZ Firm Pushes for ‘Complete Ban’ on Paying Cyber Ransoms

    2024-01-04

    The Post: A New Zealand cyber-security firm that has the ear of many media organisations around the world has called for a complete ban on paying off ransomware attackers, arguing it is the only way to get on top of the crime.

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    Atos Shares Drop After Airbus Deal Talks Disappoint Investors

    2024-01-03

    Yahoo Finance: Atos SE shares fell after the company’s announcement that it was in early talks to sell its big data and cybersecurity business to Airbus SE for as much as €1.8 billion ($2 billion) disappointed investors.

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    OpenAI Moves to Shrink Regulatory Risk in EU Around Data Privacy

    2024-01-02

    TechCrunch: While most of Europe was still knuckle deep in the holiday chocolate selection box late last month, ChatGPT maker OpenAI was busy firing out an email with details of an incoming update to its terms that looks intended to shrink its regulatory risk in the European Union.

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