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Industry News: ESG5

      76% of Companies Improved Their Cyber Defenses to Qualify for Cyber Insurance, Sophos Survey Finds

      2024-06-26

      GlobeNewswire: Sophos, a global leader of innovative security solutions for defeating cyberattacks, today released findings from its survey, “Cyber Insurance and Cyber Defenses 2024: Lessons from IT and Cybersecurity Leaders.”

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      Cybersecurity Market Sees Surge with 13.38% CAGR Through 2031 Due to Increasing Threats

      2024-06-24

      PR Newswire: As per SkyQuest, the Global Cyber Security Market was valued at USD 150.02 Billion in 2022 and is poised to grow from USD 168.04 Billion in 2023 to USD 452.08 Billion by 2031, growing at a CAGR of 13.38% during the forecast period (2024-2031).

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      The Risks in Mergers and Acquisitions CISOs Need to Know

      2024-06-11

      CSO Online: When a large company announces the acquisition of another organization, it’s often perceived as just being a financial transaction.

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      Darktrace Launches Managed Detection & Response Service to Bolster Security Operations

      2024-06-11

      Dark Reading: Over 40% of security leaders cite enhancing and optimizing technology and processes in the security operations center (SOC) as a top priority for improving defenses against the rise of AI powered threats according to the Darktrace State of AI Cybersecurity 2024 report.

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      Data Breaches Are More Common and Costly in Financial Services, New Research Finds

      2024-06-10

      BizTech Magazine: At least $5 million. Perhaps as much as $10 million. That was the economic damage done to the majority of the financial institutions that experienced a data breach in the past five years and were able to estimate a cost.

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      Notable Capital Launches Rising in Cyber to Spotlight Promising Cybersecurity Startups

      2024-06-05

      Dark Reading: Notable Capital, a global venture capital firm, announced the inaugural launch of "Rising in Cyber," an independent list recognizing the 30 most promising cybersecurity companies as selected by Chief Information Security Officers (CISOs), security leaders, and startup investors.

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      Cybersecurity Market To Be Worth $311.4 Billion By 2031

      2024-06-04

      Yahoo Finance: Cybersecurity is the practice of protecting computer systems, networks, programs, and data from unauthorized access, attacks, damage, or any form of unauthorized manipulation.

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      Bridging Cybersecurity Expectations And Reality To Empower CISOs

      2024-05-30

      Forbes: Cybersecurity has evolved into an indispensable foundation for doing business. The past several years have seen the rise of a permanent hybrid workforce that uses software to connect to their corporate networks.

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      Central Banks Turn To Generative AI For Enhanced Cybersecurity: BIS

      2024-05-28

      Cointelegraph: The Bank for International Settlements (BIS) believes in the potential for widespread adoption of generative artificial intelligence (AI), an area in which many central banks have developed a strong interest.

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      Deepfake Scams Have Robbed Companies of Millions. Experts Warn it Could Get Worse

      2024-05-27

      CNBC: A growing wave of deepfake scams has looted millions of dollars from companies worldwide, and cybersecurity experts warn it could get worse as criminals exploit generative AI for fraud.

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