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World Bank: Digital transformation is accelerating in many countries, offering new opportunities for economic growth and enabling low- and medium-income countries to leapfrog development through increased productivity and improved service delivery across key sectors, including finance, health, education, and agriculture.
IT Pro: The Financial Industry Regulatory Authority (FINRA) has warned of a new phishing campaign that involves fraudulent emails using domain names pretending to be the financial regulator.
Hedge Week: The implications have been profound as it has become more critical than ever for management firms to offer staff – everyone from portfolio managers to back office teams – the ability to access essential systems remotely.
CNN Business: Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry’s history.
Computer Weekly: The average ransom paid by victim organisations has increased by 82% since 2020 to a record $570,000, as cyber criminals intensify their ransomware efforts with increasingly aggressive tactics, according to data from Palo Alto Networks Unit 42 security consulting group.
Yahoo Finance: IBM Security announced the results of a global study which found that data breaches now cost surveyed companies $4.24 million per incident on average – the highest cost in the 17-year history of the report.
Yahoo News: Cybersecurity agencies have revealed the top 30 vulnerabilities exploited by hackers last year in a fresh warning to organisations. The UK and allies in the US and Australia said most exposures were already publicly known during the past two years and are often due to dated software.
TechTarget: Venture capitalists are investing heavily in cybersecurity as low series rounds receive record-setting funding, and analysts say the trend will only continue.
Yahoo News: Fraud and hacking soared during the pandemic as criminals “took advantage of behavioural changes” while reports of domestic abuse-related offences also rose, official figures show.
CRN: Private equity goliaths, SPACs, and pure-play security mainstays spent nearly $31 billion on the year‘s top cybersecurity acquisitions, placing big bets on securing networks and endpoints as well as managing employee and customer access.
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