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Industry News: ESG5

    Treasury Department Bank Regulator Discloses Major Hack

    2025-04-09

    Cybersecurity Dive: Attackers gained access to emails containing sensitive government data related to financial institutions in a cyberattack on the Department of the Treasury’s Office of the Comptroller of the Currency (OCC), in what the agency characterized as a “major incident.”

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    Radiant Logic Announces Strategic Growth Investment From Ridgeview Partners

    2025-04-09

    Business Wire: Radiant Logic (“the Company”), a pioneer in Identity Security Posture Management (“ISPM”) solutions, announced a strategic growth investment from Ridgeview Partners (“Ridgeview”), a growth-oriented technology private equity firm. 

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    Cybereco is Propelling the Cybersecurity Industry Forward With $500,000 in Support From Desjardins

    2025-04-08

    Yahoo Finance: Cybereco is thrilled to announce that it has received a generous financial contribution of $500,000 from Desjardins. This vital support is provided through the GoodSpark Fund and will help Cybereco strengthen its capacities and carry out projects focusing on innovation and codevelopment to further develop Canada's cybersecurity industry.

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    How Trump’s Tariffs Are Shaking Up The Cybersecurity Sector

    2025-04-07

    CSO Online: The introduction of new US tariffs has significantly rattled the US cybersecurity sector, reducing the stock market valuations of cybersecurity companies by tens of billions of dollars and sparking concerns that organizations may be forced to cut cybersecurity spending. 

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    Know Your Breach: StreamElements

    The Target: StreamElements is a popular cloud-based streaming tools platform used primarily by content creators on Twitch and YouTube. It provides a suite for stream overlays, tips/donations, chatbots, activity feeds, merch store integration, stream analytics, loyalty/reward systems, and more.

    The Take: A threat actor using the nickname "victim" claimed to have stolen the data of 210,000 StreamElements customers on March 20, 2025. The threat actor also shared samples of the stolen data, which included full names, addresses, phone numbers, and email addresses.

    The Vector: The same hacker claimed that they breached a StreamElements employee via an information-stealing malware infection, which allowed them to take over an internal account and access the platform's order management system.

    This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.

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    AI Security Firm Straiker Emerges From Stealth With $21M in Funding

    2025-03-27

    SecurityWeek: The company has raised $21 million in initial funding from Lightspeed Ventures and Bain Capital Ventures. Straiker’s platform aims to address the risks associated with the increasing use of AI chatbots and AI agents.

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    TransUnion Study Finds U.S. Data Breach Severity Reaches New High

    2025-03-27

    GlobeNewswire: Despite the volume of U.S. data breaches declining in 2024 from highs reached a year prior, data breach severity reached levels never seen since TransUnion’s measurement began in 2020. 

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    GetReal Security Raises $17.5 Million to Tackle Gen-AI Threats

    2025-03-27

    SecurityWeek: The investment round was led by Forgepoint Capital, with additional support from Ballistic Ventures, Capital One Ventures, Cisco Investments, Evolution Equity, K2 Access Fund, and In-Q-Tel (IQT).

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    Cybersecurity Firm Island Raises $250 Million, Jumps Valuation To $4.8 Billion

    2025-03-26

    Crunchbase: Dallas-based enterprise browser developer Island raised a $250 million Series E at a $4.8 billion valuation. The new round was led by Coatue Management, with several existing investors participating in the round, per the company.

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    Sequoia to Reap 25-Fold Return from Wiz’s Sale to Alphabet

    2025-03-18

    Yahoo Finance: Wiz backer Sequoia Capital is poised to deliver a return of about 25 times its invested capital from the cybersecurity startup’s pending sale to Google parent Alphabet Inc., according to a person with knowledge of the matter.

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