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Reuters: Venture capital investments in cybersecurity firms hit a record high last year amid a surge in cyber crime over the last few years, according to a report released on Thursday by U.S.-based Strategic Cyber Ventures. Total venture capital funding in the space totaled $5.3 billion in 2018, up 20 percent from $4.4 billion seen in 2017...
Hedge Week: The program includes an initial maturity assessment, which is designed to cost-effectively assess a fund’s current posture related to information security and privacy. A report is delivered to fund management that highlights risk areas and gaps identified during the assessment, as well as recommendations for addressing and mitigating key risks through the use of technology, enhancements to policies and procedures, and training...
infosecurity-magazine: More than 80 US government websites are currently operating with expired SSL certificates, and that number will only grow the longer the situation drags on, resulting either in a completely inaccessible services (if security features are correctly implemented) or opening up the possibility of man-in-the-middle attacks as individuals attempt to access web-based service portals...
Pensions and investments: Institutional investors are increasingly checking the data security practices of their service providers to make sure their data doesn't fall into the wrong hands, as is the case with the $57.1 billion Los Angeles County Employees Retirement Association, Pasadena, Calif., which is examining its relationship with its Boston-based custodian State Street Bank and Trust Co. after it experienced three documented data security incidents last year, board meeting documents reveal...
Reuters: A cyber attack caused major printing and delivery disruptions at the Los Angeles Times and other major U.S. newspapers, including ones owned by Tribune Publishing Co (TPCO.O) such as the Chicago Tribune and Baltimore Sun.
The Globe and Mail: Cybersecurity is top of mind for Canadian financial planners as firms adapt to evolving threats from hackers, phishers and ransomers.
While the financial services industry has long been a target, cyberattacks are growing more sophisticated and frequent. Last year, Statistics Canada reported more than one-fifth of Canadian businesses experienced a cybersecurity incident that impacted their operations.
Financial Post: eSentire, Inc., the largest pure-play Managed Detection and Response (MDR) provider, today unveiled Cybersecurity FutureWatch 2018, a new research report that explores security evolution and maturity amid emerging technology adoption and evolving business needs. The report, which is based on a survey of more than 1,250 senior executives, management and security practitioners in the U.S., U.K. and Canada, found that only 30 percent of respondents are confident their business will avoid a major security event in the coming two years and 60 percent believe an attack will hit in the next few years.
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