Financial Post: On March 2, US President Joe Biden’s administration proposed some of the most aggressive measures to fight cyberattacks to date. They would require businesses to beef up their defenses and hold software makers more accountable for security breaches.
Fox Business: While tech firms are firing, the cybersecurity segment is hiring. Technology firms have shed more than 300,000 jobs in the past two years with more on the way. Electronic Arts announced a restructuring plan that includes a 6% workforce reduction to prioritize "growth opportunities."
Yahoo Finance: DigitalOcean Holdings, Inc., the cloud for startups and small-to-medium-sized businesses (SMBs), today announced the findings of a recent report on how SMBs feel about and are responding to cybersecurity threats.
Private Equity Wire: Arlington Capital Partners has launched Eqlipse Technologies, (Eqlipse) a new platform company formed from firms focused on full-spectrum cyber and signals intelligence engineering, digital operations and identity management, and research and development.
Financial Post: A mere 9% of organizations in Canada have the ‘Mature’ level of readiness needed to be resilient against today’s modern cybersecurity risks, according to Cisco’s NASDAQ: CSCO first-ever Cybersecurity Readiness Index released.
Financial Post: The former chief executive of Bulletproof, a cybersecurity firm with headquarters in Fredericton, New Brunswick, points to the rash of cyberattacks against organizations around the world that have been hacked and whose IT systems have been held for ransom by online bandits, including the attack on the City of Saint John, just an hour down the road.
Bleeping Computer: The collapse of the Silicon Valley Bank (SVB) on March 10, 2023, has sent ripples of turbulence throughout the global financial system, but for hackers, scammers, and phishing campaigns, it's becoming an excellent opportunity.
BNN Bloomberg: Decentralized lending protocol Euler Finance was hit by an attack that drained $197 million in cryptocurrencies from its platform, making it the largest hack in its corner of the digital-assets market this year.
Dark Reading: The stunning collapse of Silicon Valley Bank (SVB) could put a damper on the ability of venture-backed cybersecurity startups to secure vital capital for operations and strategic investments.
Dark Reading: The Biden administration's plans to introduce minimum cybersecurity requirements for organizations in critical infrastructure sectors could face challenges in a divided Congress.