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The Wall Street Journal: Email scams—often riddled with typos and written by non-native English speakers in Africa—were once crude attempts to steal money from inexperienced computer users. No more.
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City Wire: In a commentary piece, de Blonay, who runs the Jupiter JGF Financial Innovation fund, said the cyber security software market is estimated by industry experts to grow 8.6% per year to around $82bn by 2024.
ZDNet: Hacking is growing, but in some cases, that's no bad thing. That's the main take-away from the annual report on the state of ethical hacking published by bug bounty platform HackerOne. As of 2020, the organization can boast a base of 600,000 white hat hackers; a community twice as big as the previous year, which altogether cashed in a record $40 million in bounties in the past 12 months.
Reuters: Britain and the United States joined Georgia on Thursday in blaming Russia for a large-scale cyber attack last year that knocked thousands of Georgian websites offline and disrupted national television broadcasts.
Plan Adviser: Retirement plan advisers not only have rigorous cybersecurity responsibilities of their own—they also need to proactively help their plan sponsor clients establish airtight cybersecurity firewalls and procedures, industry experts say.
BBC: More than 147 million Americans were affected in 2017 when hackers stole sensitive personal data including names and addresses. Some UK and Canadian customers were also affected. China has denied the allegations and insisted it does not engage in cyber-theft.
Institutional Investors: Investment firms that get hacked, hike fees, or switch portfolio managers can expect to land in the hot seat with their institutional clients.
City A.M.: Callsign, which uses AI to verify the identity of users, is signing off on a deal with JP Morgan Asset Management, which manages $2 trillion (£1.5 trillion) for global clients, Sky News reported.
Reuters: Israeli venture capital firm Jerusalem Venture Partners (JVP) opened a cybersecurity center in New York City to help launch new companies, and said it was looking to build a similar hub in Europe.
ZDNet: Professional services firm PwC surveyed over 1,600 CEOs from around the world and found that cyberattacks have become the most feared threat for large organisations – and that many have taken actions around their personal use of technology to help protect against hackers.
