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CRN: Thoma Bravo plans to cut up to 16 per cent of Sophos workforce, according to reports. The private equity giant completed its acquisition of the UK-based cybersecurity firm in early March, and has now moved quickly to cut costs.
CTech: Israeli cybersecurity startup foundry Team8 announced it is establishing a new venture capital arm. Veteran investor Sarit Firon will serve as co-managing partner of Team8 Capital, alongside Team8 co-founder Liran Grinberg.
Institutional Asset Manager: Cybersecurity is consistently in the top quartile of exchange and CCP focus, according to the WFE’s regular surveys of membership priorities. Across the membership, market infrastructures have dedicated time and resources to contingency planning and the associated cybersecurity requirements. These efforts are typically subject to regulatory and supervisory scrutiny, as well as in-house or external auditor stress testing.
ZDNet: Made public on May 19, easyJet said that information belonging to nine million customers may have been exposed in a cyberattack, including over 2,200 credit card records.
BCW: Businesses of all sizes still harbour the belief that simply having a cybersecurity strategy and implementing the right policies is the complete answer to defending against cybercrime. However, the reality is that much more is needed to achieve strong defences in today’s heightened threat landscape. In fact, according to the recent UK government Cyber Security Breaches Survey 2020, almost half of UK businesses (46%) reported a cybersecurity breach or attack in the last 12 months.
BBC: EasyJet has admitted that a "highly sophisticated cyber-attack" has affected approximately nine million customers. It said email addresses and travel details had been stolen and that 2,208 customers had also had their credit and debit card details "accessed".
Reuters: Israeli defence firm Elbit Systems (ESLT.TA) said on Tuesday the Charlesbank Technology Opportunities Fund invested $70 million in Elbit’s commercial cybersecurity subsidiary Cyberbit.
Bloomberg: German Chancellor Angela Merkel accused Russia of mounting what she called an “outrageous” cyberattack on her email account and floated the possibility of further sanctions against Moscow.
Read more...Construction News: A Bam spokesman said the business had “stood up well” after hackers gained access to parts of the company’s IT systems. He added it remained “business as usual” for its operations. The contractor has responded by taking a number of its systems offline, including its website, to neutralise the attack while also adding extra defences to guard against future hacks. Bam Construct has been assisted by its Dutch-based parent Royal Bam and external IT experts in responding to the incident.
CNN: The United States and United Kingdom issued a new advisory Tuesday warning of ongoing cyberattacks against organizations involved in the coronavirus response, including health care bodies, pharmaceutical companies, academics, medical research organizations and local government.
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