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The Target: Bouygues Telecom is one of the largest telecommunication service providers in France, offering mobile, internet, and IPTV services. Bouygues Telecom has 14.5 million mobile subscribers, 9,000 employees, and an annual revenue of €56.8 billion ($66B).
The Take: According to the FAQ, the following customer information was stolen: Contact details; Contract information; Civil status data; Company details (for business customers); International Bank Account Numbers (IBANs).
The Vector: A previous statement says that internal investigations confirmed that the attack was orchestrated by a 'known cybercriminal group' that targeted 'specific internal resources.'
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
Investing.com: Atos has secured a major cybersecurity contract from the European Commission valued at up to €326 million, the global AI-powered technology leader announced.
Yahoo Finance/Reuters: Italian tech firm Exein said a pick up in European defence spending was supporting its domestic growth, as it closed a funding round aimed at global expansion.
Yahoo Finance/Reuters: European Central Bank supervisors are focusing on issues ranging from tariffs to cyber attacks and a possible dollar shortage as they assess potential risks to the region's banking industry, five senior central bank officials told Reuters.
Private Equity Wire: Cyber security consulting firm S-RM’s latest study, based on a survey of 100 PE professionals across the UK, Europe, and the US, reveals that 72% of respondents have experienced a serious cyber incident across their portfolios in the past three years – highlighting cyber attacks as systemic risks that span entire investment ecosystems.
European Pensions: The Danish insurance and pension industries have outlined eight concrete proposals to strengthen cybersecurity, given the country's particular vulnerabilities in this area, according to Insurance and Pension Denmark (I&P Denmark).
Yahoo Finance: Swiss banks UBS and Pictet said they had suffered a data leak due to a cyber attack on a provider in Switzerland that did not compromise client information, although a report said thousands of UBS workers' data was affected.
Private Equity Insights: The fund – named Tikehau Défense et Sécurité – marks a first in the French market as a non-listed vehicle eligible for unit-linked life insurance and retirement savings products.
Yahoo Finance: The UK’s software M&A market has hit a record high, with £13.2bn deployed across 420 deals over the past year, marking a 27 per cent year on year rise and revealing the nation’s pivotal role in Europe’s tech investment scene.
SecurityWeek: The EU cybersecurity agency ENISA announced the official launch of the European Vulnerability Database, or EUVD. Industry professionals the EUVD can be a useful resource, but the agency needs to ensure it stays relevant.
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