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BNN Bloomberg: Canadian organizations embroiled in data breaches wind up paying an average $6.32 million to resolve the incidents, a new study from IBM says.
Dark Reading: On July 19, the world experienced one of the largest IT outages in history, affecting millions of users globally, and systems and people will be reeling from its impact for weeks.
Forbes: The highly anticipated U.S. Security and Exchange Commission rules on cybersecurity risk management, strategy, governance and incident disclosure went into effect in December.
Tech Funding News: Protexxa, one of the fastest-growing cybersecurity companies in Canada has closed a $10 million Series A funding round.
CFO Dive: A recent ruling in the Securities Exchange Commission’s lawsuit against Austin, Texas-based software provider SolarWinds has dealt a significant blow to the agency’s aggressive cybersecurity enforcement posture, legal analysts said.
Yahoo Finance/Reuters: Hackers have leaked internal documents stolen from Leidos Holdings Inc, one of the largest IT services providers to the U.S. government, Bloomberg News reported, citing a person familiar with the matter.
CSO Online: Russian security firm Kaspersky Lab has informed its employees in the United States that the company will begin winding down its US operations starting July 20, according to a report from Zero Day.
BNN Bloomberg: Google parent Alphabet Inc. is in advanced talks to buy cybersecurity startup Wiz in a deal that could fetch $23 billion, the Wall Street Journal reported, citing people with knowledge of the matter.
CSO Online: The US Supreme Court has issued a decision that could upend all federal cybersecurity regulations, moving ultimate regulatory approval to the courts and away from regulatory agencies.
SecurityWeek: The notorious ransomware group LockBit recently threatened to leak data allegedly stolen from the US Federal Reserve. The cybercriminals did leak data on June 26, but it turned out that the files actually originated from an Arkansas-based financial organization, Evolve Bank & Trust.
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