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CNBC: AT&T Inc the second-biggest U.S. wireless carrier, is exploring a sale of its cybersecurity division, potentially undoing an acquisition it completed five years ago, according to people familiar with the matter.
The Guardian: Darktrace has hired EY to conduct an independent review of its finances as it tries to defend itself against a hedge fund that alleges questionable marketing, sales and accounting practices at the cybersecurity company.
BNN Bloomberg: A cybersecurity incident stretched into its fifth day at Indigo Books & Music Inc., on Monday, illuminating the growing risk of cyberattacks on Canadian companies and consumers.
Bleeping Computer: Spain's National Police and the U.S. Secret Service have dismantled a Madrid-based international cybercrime ring comprised of nine members who stole over €5,000,000 from individuals and North American companies.
CRN: Cyren is cutting “substantially all” of its staff with layoffs of 121 employees as the cybersecurity vendor says it is exploring an asset sale or liquidation, the company said. The publicly traded company said in a news release that “existing cash and projected cash flows from operations will not be sufficient to meet the company‘s working capital needs in the near term.” The company’s stock price fell 44 percent, to 42 cents a share.
Business Wire: KnowBe4, Inc. (“KnowBe4”), the provider of the world’s largest security awareness training and simulated phishing platform, announced the completion of its acquisition by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, for $24.90 per share in cash.
CTV: A dozen Canadian ministers quietly met in Vancouver last week to brainstorm better online protections for the private information of citizens. The Digital Trust and Cybersecurity symposium on Jan. 25 was attended by representatives from every province and territory, save Alberta, and took place roughly six months after the inaugural meeting in Quebec.
Dark Reading: We've recently seen substantial layoffs across the tech sector, to the tune of around 140,000 redundancies made by big names such as Amazon, Salesforce, Microsoft, and Tesla. As the recession bites, falling stock prices and further contraction in the market, together with merger and acquisition activity, are expected to force businesses to reduce head count further still.
CNN: US and European law enforcement’s disruption last week of a $100-million ransomware gang is the clearest public example yet of a new high-stakes strategy from the Biden administration to prioritize protecting victims of cybercrime – even if it means tipping off suspects and potentially make it harder to arrest them.
Bleeping Computer: Cybercrime groups are increasingly running their operations as a business, promoting jobs on the dark web that offer developers and hackers competitive monthly salaries, paid time off, and paid sick leaves. In a new report by Kaspersky, which analyzed 200,000 job ads posted on 155 dark websites between March 2020 and June 2022, hacking groups and APT groups seek to hire mainly software developers (61% of all ads), offering very competitive packages to entice them.
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