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TechCrunch: Arctic Wolf, a cybersecurity company that’s raised hundreds of millions of dollars in debt and equity, announced that it plans to acquire Revelstoke, a company developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount.
Venture Beat: Emerging from stealth today with one of cybersecurity’s largest-ever seed rounds of $51 million, startup Gutsy’s vision is to revolutionize security governance through process mining.
The Target: Cloud customer relationship management (CRM) software provider Really Simple Systems.
The Take: Personally identifiable information (PII), including medical records, identification documents, real estate contracts, credit reports, legal documents, tax documents, and non-disclosure agreements.
The Vector: Cybersecurity Researcher, Jeremiah Fowler, discovered and promptly notified Really Simple Systems about a non-password-protected database that contained over 3 million records. The documents appeared to be associated with internal invoices, communications, and customer’s stored CRM files.
While some immediate corrective actions were implemented, specific folders remained open for an extended duration before their access was limited. This incident highlights the pressing requirement for strong password encryption measures to protect customer data and thwart unauthorized access to sensitive information.
Business Wire: Three-quarters (74%) of CEOs are concerned about their organizations’ ability to avert or minimize damage to the business from a cyberattack—despite the fact that 96% of CEOs said that cybersecurity is critical to organizational growth and stability, according to a new report from Accenture (NYSE: ACN).
BNN Bloomberg: BlackBerry Ltd., wrapping up a strategic review of its options, plans to hold an initial public offering for the company’s Internet of Things division, separating the business from its main cybersecurity operations.
Chief Investment Officer: Cybersecurity breaches reported by British financial services companies more than tripled in the 12-month period ending June 30, with the pension sector reporting the biggest increase at 4,000%, according to research from international law firm Reynolds Porter Chamberlain.
PR Newswire: Following the Securities and Exchange Commission's (SEC) adoption of new rules for cybersecurity risk management, strategy, governance, and incident disclosure by public companies, 64.8% of public company executives say their organizations will strengthen their cybersecurity programs, according to a new Deloitte poll.
PR Newswire: Strategic Cyber Ventures, a leading cybersecurity-focused venture capital firm, is excited to announce a $1 million dollar investment into Evo Security's latest funding round. Evo Security builds enterprise-grade identity and access management products tailored for IT Managed Service Providers (MSPs).
Business Wire: Global security leader Forcepoint today announced the completed acquisition of the company’s Global Governments and Critical Infrastructure (G2CI) cybersecurity business by TPG, a global alternative asset management firm.
Chief Investment Officer: Cybersecurity risks are omnipresent. September’s hack of MGM Resorts International and Caesars Entertainment showed just how vulnerable companies can be, no matter how large or small.
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