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Industry News: ESG5

    The CrowdStrike Meltdown: A Wake-up Call for Cybersecurity

    2024-07-30

    Dark Reading: On July 19, the world experienced one of the largest IT outages in history, affecting millions of users globally, and systems and people will be reeling from its impact for weeks. 

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    ‘The Worst Thing You Can Do’ After a Data Breach, According to a Cybersecurity Expert

    2024-07-30

    CNBC: When you get an email or see a headline telling you there has been a data breach at a company you do business with, the natural instinct may be to roll your eyes and go about your day.

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    CrowdStrike Blames Defect in Content Update for Epic IT Crash

    2024-07-24

    BNN Bloomberg: CrowdStrike Holdings Inc., the cybersecurity company at the center of massive global IT outages, said that a bug in a safety mechanism allowed flawed data to go out to customers in a botched update, causing last week’s meltdown.

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    Optiv Report Shows Nearly 60% of Respondents Surveyed Increased Security Budgets as Most Organizations Report Cyber Breaches and Incidents

    2024-07-24

    Yahoo Finance: Optiv, the cyber advisory and solutions leader, has published its 2024 Threat and Risk Management Report, which examines how organizations' cybersecurity investments and governance priorities are keeping up with the evolving threat landscape.

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    Cybersecurity Firm Wiz Rejects $23 Billion Bid From Google Parent Alphabet

    2024-07-23

    The Guardian: The cybersecurity firm Wiz has turned down a $23bn (£18bn) takeover bid from Google’s parent, Alphabet, spurning what would have been the tech company’s biggest ever acquisition and seeking a stock market flotation instead.

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    Shocked, Devastated, Stuck: Cybersecurity Pros Open Up About Their Layoffs

    2024-07-23

    Dark Reading: Tony Bradley, a seasoned communications professional in the cybersecurity industry, was blindsided when he was recently laid off from his role as a marketing director.

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    Orgs Are Finally Making Moves to Mitigate GenAI Risks

    2024-07-17

    Dark Reading: A new analysis by Netskope of anonymized AI app usage data from customer environments showed substantially more organizations have begun using blocking controls, data loss prevention (DLP) tools, live coaching, and other mechanisms to mitigate risk.

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    Cybersecurity Funding Jumps 144% In Q2

    2024-07-17

    Crunchbase: Venture funding to cybersecurity startups had its best quarter since Q1 2022 — surging 144% year to year — and seemingly building off a strong start to the year.

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    The Cybersecurity Industry is Projected to Boom. These ETFs Aim to Cash in on That

    2024-07-16

    Advisor.ca: Ticketmaster’s recent data security incident, which potentially compromised the personal information of millions of people, is a poignant reminder of the need for individuals, organizations and companies to take cybersecurity seriously, says Raj Lala, president and CEO of Evolve Funds Group Inc. in Toronto.

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    Almost 60% of Corporate Cybersecurity Budgets are Higher This Year: Report

    2024-07-03

    CFO Dive: The findings come as businesses grapple with escalating cybersecurity threats. Sixty-one percent of organizations represented in the research had a data breach or cybersecurity incident in the past two years. More than half of respondents (55%) said their organization has experienced more than four to five of such incidents.

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