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CSO: The Biden administration's cybersecurity initiatives broadly aim to improve cybersecurity resilience, with recent regulations and other actions designed to foster a "defensible, resilient ecosystem."
Private Equity Wire: This transaction represents the first exit from the Development Capital pool within the IK SC III Fund, after a holding period of under two years. IK will be reinvesting alongside Carlyle and the management team.
Yahoo Finance: BlackBerry posted a surprise profit for the first quarter as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction in automotive sector.
Yahoo News: A trend accelerated by the mass move to digital during the pandemic, enterprises are having to handle an increasing amount of proprietary data.
Financial Standard: The California Public Employees' Retirement System (CalPERS) is alerting its retired members and their relevant family members that some of their personal information was downloaded in an attack on one of its third-party providers' systems.
CoinDesk: Floating Point Group (FPG), an institutional trading desk specializing in cryptocurrencies, suffered a cyber attack on Sunday, June 11, which resulted in a loss of between $15 million and $20 million in crypto, a spokesman for the firm told CoinDesk.
Bleeping Computer: U.S. and international cybersecurity authorities said in a joint LockBit ransomware advisory that the gang successfully extorted roughly $91 million following approximately 1,700 attacks against U.S. organizations since 2020.
CNBC: China’s cyber-espionage and sabotage capacities are an “epoch-defining threat,” the top U.S. cybersecurity official said, warning that in the event of open warfare “aggressive cyber operations” would threaten critical U.S. transportation infrastructure “to induce societal panic.”
IT World Canada: It can take Canadian organizations up to 48 days to detect and recover from a cyber attack, according to a new survey of infosec professionals.
SecurityWeek: A decentralized cryptocurrency wallet service with roughly five million users, Atomic is available on all major operating systems, including Windows, macOS, Linux, Android, and iOS.
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