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Industry News: ESG5

    How Private Equity Firms Can Prepare For The SEC's Proposed Cybersecurity Rules

    2022-05-25

    Mondaq: On February 9, 2022, the SEC released proposed rules relating to cybersecurity risk management, incident reporting, and disclosure for registered investment advisers ("RIAs") and funds that would impose sweeping new cybersecurity obligations for RIAs to private equity funds. 

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    Cybersecurity Firm Semperis Raises Over $200 Million in KKR-Led Round

    2022-05-24

    U.S. News: U.S. cybersecurity software firm Semperis said it has raised over $200 million in a funding round led by private equity firm KKR & Co Inc at a valuation substantially higher than in its previous round.

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    US Senate: Govt’s Ransomware Fight Hindered by Limited Reporting

    2022-05-24

    Bleeping Computer: A report published today by U.S. Senator Gary Peters, Chairman of the Senate Homeland Security and Governmental Affairs Committee, says law enforcement and regulatory agencies lack insight into ransomware attacks to fight against them effectively.

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    SolarWinds: Here's How We're Building Everything Around This New Cybersecurity Strategy

    2022-05-24

    ZDNet: It was one of the largest cyber-espionage attacks of recent times: hackers compromised several United States government federal agencies as well as big tech companies, and were inside networks for months before anyone spotted them. 

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    U.S. Narrows Scope of Anti-Hacking Law Long Hated by Critics

    2022-05-19

    Insurance Journal: The Department of Justice is changing its policy around a controversial anti-hacking law, addressing longstanding complaints from cybersecurity researchers that the law could criminalize good-faith efforts to improve technology.

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    US Charges Hacker for Breaching Brokerage Accounts, Securities Fraud

    2022-05-11

    Bleeping Computer: The U.S. Department of Justice (DoJ) has charged Idris Dayo Mustapha for a range of cybercrime activities that took place between 2011 and 2018, resulting in financial losses estimated to over $5,000,000.

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    NSA Warns Managed Service Providers Are Now Prime Targets for Cyberattacks

    2022-05-11

    Dark Reading: The National Security Administration (NSA), along with a coalition of international cybersecurity authorities, today issued an advisory warning managed service providers (MSPs) of an escalating threat of attack from both everyday cybercriminals and state-sponsored threat actors. 

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    FBI Says Business Email Compromise is a $43 Billion Scam

    2022-05-04

    Bleeping Computer: The Federal Bureau of Investigation (FBI) said today that the amount of money lost to business email compromise (BEC) scams continues to grow each year, with a 65% increase in the identified global exposed losses between July 2019 and December 2021.

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    SEC Nearly Doubles Crypto Unit Staff to Crack Down on Abuses in the Booming Market

    2022-05-03

    CNBC: The Securities and Exchange Commission announced that it will almost double its staff responsible for protecting investors in cryptocurrency markets.

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    Pentagon Contractors Go Looking for Software Flaws as Foreign Hacking Threats Loom

    2022-05-02

    CNN: A year-long Pentagon pilot program found an array of software vulnerabilities at dozens of defense contractors as Russian and Chinese hackers continue to try to steal sensitive data from the US defense industrial base.

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