Menu
Sign In
shutterstock_490960141-1

Industry News: ESG5

    State-Sponsored Cyberattacks are Likely to Increase in 2023 as Revenues are Predicted to Reach $344 Billion by 2030

    2023-04-24

    Yahoo Finance: According to Cybersecurity Ventures, global cybercrime will reach $10.5 trillion annually by 2025. Tackling this issue requires investment, and the report forecasts that cybersecurity revenues will reach $344 billion worldwide by 2030.

    Read more...

    March 2023 Broke Ransomware Attack Records With 459 Incidents

    2023-04-19

    Bleeping Computer: March 2023 was the most prolific month recorded by cybersecurity analysts in recent years, measuring 459 attacks, an increase of 91% from the previous month and 62% compared to March 2022.

    Read more...

    FSB Targets Common Language For Cyber Incident Reporting

    2023-04-19

    FundsTech: Global watchdog for the financial services sector, the Financial Stability Board (FSB), has called for greater convergence in the reporting of cyber incidents.

    Read more...

    UN Cybercrime Treaty Could Lead To Increased Surveillance Of ‘Crypto’ Industry Worldwide

    2023-04-18

    Coingeek: The current draft of the United Nations Cybercrime Treaty will require digital asset companies to implement comprehensive surveillance systems, turn over financial information to governments, and restrict access to unregulated decentralized finance (DeFi).

    Read more...

    SEC Reopens Comment Period for Investment Adviser and Investment Company Cybersecurity Proposals

    2023-04-17

    The National Law Review: On March 15, 2023, the SEC reopened the comment period on proposed rules and amendments related to cybersecurity risk management and cybersecurity-related disclosure for registered investment advisers, registered investment companies and business development companies that were proposed on February 9, 2022.

    Read more...

    Breach Me Twice, Shame On Who? The Importance Of Backing Cybersecurity Initiatives

    2023-04-17

    Forbes: As the number of cyber attacks rises, understanding and assessing cybersecurity measures has become critical. Unfortunately, many companies are still ill-prepared to handle the threat.

    Read more...

    Global Watchdog Issues Blueprint For Banks To Report Cyber Attacks

    2023-04-13

    Yahoo Finance: The G20's financial watchdog recommended a blueprint for banks to report cyberattacks in a common format in a bid to speed up responses to hacking and limit the fallout on financial stability. 

    Read more...

    Cybersecurity Funding Drops 58% From Q1 2022

    2023-04-13

    Crunchbase: Although venture funding struggled mightily in the first quarter, funding to cybersecurity startups specifically remained relatively even quarter to quarter — although well below the highs of the past few years. Venture-backed startups in cybersecurity saw nearly $2.7 billion in the first quarter of the year, per Crunchbase data. 

    Read more...

    Data Shows Private Equity Taking Action with HR and Tech During Economic Storm, Per BluWave Activity Index

    2023-04-12

    Business Wire: BluWave, the business builders’ network for private equity grade needs, released its Q1 BluWave PE Industry Insights Report. The report’s exclusive data provides a unique perspective into how the world’s top businesses are finding and acting on opportunities in this uncertain economy.

    Read more...

    Why Reporting An Incident Only Makes The Cybersecurity Community Stronger

    2023-04-11

    CSO: Reporting an incident to the correct authorities or vulnerability clearinghouses can be an experience fraught with frustration. You pour time, energy, and resources into fighting an intrusion, all while keeping company officials and stakeholders up to date and preventing sensitive information from getting into the wild.

    Read more...

    About Castle Hall Diligence

    Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →

    Subscribe to Cyber Updates