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Industry News: ESG5

    Google’s Parent to Buy Cybersecurity Group Wiz in its Biggest Ever Deal

    2025-03-18

    The Guardian: Google’s owner, Alphabet, has agreed to buy the cybersecurity group Wiz for $32bn (£24.7bn), the biggest acquisition it has ever made.The search company’s purchase of the Israeli startup comes as Google attempts to catch its competitors Microsoft and Amazon in the competitive cloud services market.

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    HITRUST Secures Growth Investment from Brighton Park to Accelerate Innovation in Cybersecurity and Information Risk Assurance

    2025-03-17

    Business Wire: Brighton Park Capital (“Brighton Park”), an investment firm focused on entrepreneur-led, growth-stage companies in software and healthcare, announced a growth investment in HITRUST, the leader in information security assurance for risk management and compliance.

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    Sola Raises $30 Million for ‘Self-Serve’ Cybersecurity Solution

    2025-03-11

    PYMNTS.com: Sola Security has raised $30 million for its no-code, artificial intelligence (AI)-powered cybersecurity platform. The seed funding, announced as the company emerged from stealth, will allow Sola to develop its solution, which it says lets businesses build security apps without needing “deep technical expertise” or having to spend too much.

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    New York Sues Insurance Giant Over Data Breaches

    2024-03-11

    SecurityWeek: National General, which offers home, vehicle, and other insurance coverage, suffered two data breaches in 2020 and 2021, resulting in the driver’s license numbers of more than 165,000 New Yorkers being compromised.

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    Know Your Breach: DISA Global Solutions

    The Target: DISA Global Solutions, Inc., a third-party employment screening services provider.

    The Take: The personal information accessed could have included people’s names, Social Security numbers, driver’s license numbers, other government ID numbers, financial account information and other data elements.

    The Vector: The company, which provides drug and alcohol testing and background checks, said it discovered on April 22, 2024, that it was the victim of cyber-attack that gave “an unauthorized third party” access to individuals’ personal information from Feb. 9, 2024, to April 22, 2024, the company said in a notice on its website.

     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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    Evolution Equity Partners Adds Cyber Investor Veteran John Cordo

    2025-03-06

    PR Newswire: Evolution Equity Partners, a leading venture capital investor, is thrilled to announce that John Cordo has joined the firm. John joins a team of thirty investment professionals and eight general partners focused on investing in best-of-breed cybersecurity and AI companies. 

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    Mass Federal Layoffs Will Hurt Cybersecurity, Former Top US Security Official Says

    2025-03-05

    Yahoo News: The mass culling of workers from federal payrolls will have a "devastating" impact on cybersecurity and national security, a top former National Security Agency official said.

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    Americans Are on High Alert as Data Breach Fears Reach a Breaking Point

    2025-03-05

    PR Newswire: A new survey by HostingAdvice reveals 95% of Americans worry about their personal data being exposed in a corporate data breach. The survey also found that more than 61% have received at least one data breach notification in the past two years.

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    Cybersecurity Companies' Results Better Than Expected So Far, Modestly Pressured Guidance - Jefferies

    2025-03-04

    MSN: Jefferies said results of cybersecurity stocks have been better than expected so far, with modestly pressured first quarter and full year 2025 guidance.

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    US Seizes $31 Million Worth of Crypto Stolen in Uranium Finance Hack

    2025-03-03

    SecurityWeek: Uranium Finance was hacked twice in April 2021, with the total losses amounting to over $53 million, making it one of the largest hacks in decentralized finance (DeFi) at the time.

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