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CBS News: A new lawsuit is claiming hackers have gained access to the personal information of "billions of individuals," including their Social Security numbers, current and past addresses and the names of siblings and parents — personal data that could allow fraudsters to infiltrate financial accounts or take out loans in their names.
Cybersecurity Dive: Global M&A deal volume increased 36% in the first quarter of the year, according to an Ernst & Young analysis. While such growth can be seen as a sign of positive economic development, it can also create new entry points for cyber threat actors, Resilience said in its report.
TechCrunch: Mark up another unicorn and large funding round for the cybersecurity industry: Kiteworks, which builds tools to secure email communications, file sharing and situations where people work with sensitive data, has raised $456 million from Insight Partners and Sixth Street Growth. The investment values the company at over $1 billion.
Yahoo Finance: The owners of eSentire are exploring options including a potential sale that could value the cybersecurity company at about $1 billion, including debt, according to people familiar with the matter.
The Target: HealthEquity, a Utah-based health savings account (HSA) provider.
The Take: The stolen information included a mix of benefits sign-up information that varied by customer. That mix could include name, address, phone number, employee ID, employer, Social Security number, and dependent information.
The Vector: The company said in a notice that a hacker managed to breach an "an unstructured data repository outside our core systems" containing customer data, making off with various kinds of personally identifiable information.
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.
Yahoo Finance: American cybersecurity company Tenable Holdings is exploring various strategic options, including a potential sale, following expressions of interest from potential buyers, reports Bloomberg.
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.
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