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Cybersecurity Dive: Zscaler said it had agreed to buy Red Canary, a leading provider of managed detection and response technology. Zscaler, a top cloud security vendor, said the agreement will help it disrupt competitors’ legacy security operations.
Investing.com: In a move to enhance its cybersecurity offerings, Check Point Software Technologies Ltd. has announced the acquisition of Veriti Cybersecurity, a company specializing in automated threat exposure and mitigation.
Cointelegraph: American banking and financial industry advocacy groups have petitioned the Securities and Exchange Commission to repeal its cybersecurity incident public disclosure requirements.
PR Newswire: H.I.G. Growth Partners ("H.I.G. Growth"), the dedicated growth capital investment affiliate of H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $69 billion of capital under management, is pleased to announce its investment in AgileBlue (or the "Company"), an AI-powered Security Operations platform that detects, investigates, and auto-responds to cyber threats across cloud, network, and endpoint environments.
CNBC: According to Nikesh Arora, even “naysayers” of AI are now trying to move data to the cloud in order to keep up with competitors. New AI models require the cloud, he said, claiming that businesses will be left behind if they don’t move their company to the platform.
PYMNTS: Thirty percent of data breaches that occurred during the year ended Oct. 31 involved a third party, according to Verizon.
SecurityWeek: The company, which is working on technology to revamp corporate incident response reporting systems, said the new financing included expanded equity positions for SYN Ventures and Overline.
The Target: Crypto giant Coinbase
The Take: The company said the hacker stole customer names, postal and email addresses, phone numbers, and the last four-digits of users’ Social Security numbers. The hacker also took masked bank account numbers and some banking identifiers, as well as customers’ government-issued identity documents, such as driver’s licenses and passports.
The Vector: Coinbase said the hacker “obtained this information by paying multiple contractors or employees working in support roles outside the United States to collect information from internal Coinbase systems to which they had access in order to perform their job responsibilities.”
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.
CNBC: Cybersecurity firm Proofpoint announced it will acquire European rival Hornetsecurity for $1 billion to strengthen its European presence as it explores a return to public markets.
CIO Dive: Almost half of bank executives surveyed recently by KPMG expect that generative AI will be able to handle between 21% and 40% of their teams’ daily tasks by the end of the year.
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