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CNN: Twenty-seven countries have signed a joint agreement on what constitutes fair and foul play in cyberspace — with a nod toward condemning China and Russia.
CBR: Improving cybersecurity is now top of the technology investment agenda at banks, according to an annual survey conducted by Lloyds Banking Group: climbing above reducing operating costs and improving customer satisfaction – last year’s priorities.
AGIO: In the context of cybersecurity, social engineering can best be defined as the use of deceptive tactics to prompt individuals to grant access or disclose information for fraudulent or malicious purposes.
ZDNet: Business email compromise (BEC) has overtaken ransomware and data breaches as the main reason companies filed a cyber-insurance claim in the EMEA (Europe, the Middle East, and Asia) region last year, said insurance giant AIG.
Sky News: A cyber attack such as the strike that brought down NHS hospitals in 2017 could prompt a response from all NATO countries, the alliance's general secretary has said.
Business Wire: A new report from Juniper Research found that the cost of data breaches will rise from $3 trillion each year to over $5 trillion in 2024, an average annual growth of 11%. This will primarily be driven by increasing fines for data breaches as regulation tightens, as well as a greater proportion of business lost as enterprises become more dependent on the digital realm.
Tech Startups: CrowdStrike, a cybersecurity company that provides cloud-based endpoint protection, has launched a $20m early stage investment fund. Started in partnership with Accel, Falcon Fund will focus on seed and Series A investments in security startups that are building applications on the CrowdStrike Falcon platform.
The Wall Street Journal: A national-security panel that oversees foreign investment in U.S. businesses approved the transfer of a stake in cybersecurity company Cofense Inc. from a Russia-linked private-equity firm to funds managed by BlackRock Inc.
People familiar with the matter said the Committee on Foreign Investment in the U.S., known as Cfius, gave its approval to the deal on Monday.
Funds Europe: Cryptocurrency thefts and scams have surged throughout 2019 so far, with criminals and fraudsters netting billions from users and exchanges as cybercrime techniques continue to evolve with the times.
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