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    Industry News: ESG5

      BreachRx Lands $15 Million as Investors Bet on Breach-Workflow Software

      2025-05-19

      SecurityWeek: The company, which is working on technology to revamp corporate incident response reporting systems, said the new financing included expanded equity positions for SYN Ventures and Overline.

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      Know Your Breach: Coinbase

      The Target: Crypto giant Coinbase

      The Take: The company said the hacker stole customer names, postal and email addresses, phone numbers, and the last four-digits of users’ Social Security numbers. The hacker also took masked bank account numbers and some banking identifiers, as well as customers’ government-issued identity documents, such as driver’s licenses and passports.

      The Vector: Coinbase said the hacker “obtained this information by paying multiple contractors or employees working in support roles outside the United States to collect information from internal Coinbase systems to which they had access in order to perform their job responsibilities.”

      This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

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      Cybersecurity Firm Proofpoint to Buy European Rival for $1 Billion as it Eyes IPO

      2025-05-15

      CNBC: Cybersecurity firm Proofpoint announced it will acquire European rival Hornetsecurity for $1 billion to strengthen its European presence as it explores a return to public markets.

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      Generative AI May Shoulder Up To 40% Of Workload, Some Bank Execs Predict

      2025-05-15

      CIO Dive: Almost half of bank executives surveyed recently by KPMG expect that generative AI will be able to handle between 21% and 40% of their teams’ daily tasks by the end of the year.

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      Congress Faces Pressure To Renew Cyber Information-Sharing Law

      2025-05-14

      Cybersecurity Dive: A coalition of 52 U.S. organizations urged lawmakers to reauthorize a law that protects cyber threat information that businesses share with the federal government.

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      US Prosecutors Recommend 2 Years For SEC Hacker

      2025-05-12

      Cointelegraph: The US government has asked a federal judge to impose a two-year sentence for Eric Council Jr., the individual who helped post a fake message announcing the approval of Bitcoin exchange-traded funds through the Securities and Exchange Commission’s (SEC’s) X account.

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      Know Your Breach: Frederick Health

      The Target: Frederick Health Medical Group, a major healthcare provider in Maryland.

      The Take: Depending on the affected individuals, the attackers stole a combination of sensitive personal information, including patient names, addresses, dates of birth, Social Security numbers, and driver's license numbers. They also exfiltrated personal health information, such as medical record numbers, health insurance information, and/or clinical information related to patients' care.

      The Vector: The investigation determined that an unauthorized person gained access to the network and, on January 27, 2025, copied certain files from a file share server.

      This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

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      CrowdStrike Says It Will Lay Off 500 Workers

      2025-05-07

      TechCrunch: Cybersecurity giant CrowdStrike said that it would lay off 5% of its global workforce, which amounts to about 500 workers. 

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      Spyware Maker NSO Ordered to Pay $167 Million Over WhatsApp Hack

      2025-05-07

      SecurityWeek: The lawsuit against NSO was filed in 2019, after it came to light that a zero-day vulnerability had been exploited to deliver NSO-made spyware to roughly 1,400 WhatsApp users.

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      Identity Security Funding Soars Amid Rise Of AI Agents

      2025-05-06

      Crunchbase: Identity management is a hot area for investment of late. That was particularly obvious in the past few weeks, as two startups in the space secured over $300 million and a major eyeball-scanning initiative made its U.S. debut. 

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