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DarkReading: Financial activity in the cybersecurity industry declined sharply in the first quarter of 2023 compared to the same period in 2022, and analysts tracking the sector expect little improvement until at least the second half of the year.
McKinsey & Company: Private equity (PE) investments in software—500-plus deals of more than $100 billion in value last year—have outperformed other investments made by the asset class for upward of a decade.
Information Week: Despite all the conversations about diversity initiatives and efforts in the past few years to get more women in STEM careers, it often seems the needle is moving slowly. Too often, these conversations are just that -- talking points that sound good but aren’t connected to action-oriented strategies.
BNN Bloomberg: Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group.
Dark Reading: Companies continue to value cybersecurity skills, but many have moved their focus from hiring cybersecurity professionals to training up in-house staff on needed cybersecurity skills.
BNN Bloomberg: Coalition Inc., a cyber-insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help insurers identify potential weaknesses in their portfolios and prevent widespread losses.
Cybersecurity Dive: The banking crisis and nagging suspicion that hardship will spread, even to companies not directly linked to the failed banks, could have an ancillary effect on the cybersecurity market.
GlobeNewswire: The cyber security market growth includes increased number of data breaches across the globe, rising digitalization, and increased sophisticated cyber intrusions. Cyber threats are anticipated to evolve with the increase in usage of devices with intelligent and IoT technologies.
The Guardian: The cybersecurity firm Darktrace has warned that since the release of ChatGPT it has seen an increase in criminals using artificial intelligence to create more sophisticated scams to con employees and hack into businesses.
BNN Bloomberg: Shares in BlackBerry Ltd. were down more than 10 per cent in early trading after the company lowered its fourth-quarter and full-year revenue expectations for its cybersecurity business. The dip in share price comes as the company said some large deals that were expected to close in the quarter were not completed in time.
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