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