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CTV News: The federal auditor general says government departments have not always effectively implemented measures to ensure secure storage of information in the digital cloud.
S&P Global: U.S. information technology M&A activity remained muted in October, despite continued interest in cybersecurity targets. Overall, sector deal volume was down 32.4% year over year in October. At 192 transaction announcements, the month also had eight fewer deals than September, extending 2022's tech M&A downturn.
Mondaq: The U.S. Department of Justice (DOJ) issued a press release announcing the unsealing of a criminal complaint in which intelligence officers from the People's Republic of China ("PRC") were charged with attempting to obstruct a criminal prosecution in the Eastern District of New York.
CNBC: U.S. banks and financial institutions processed roughly $1.2 billion in likely ransomware payments in 2021, a new record and almost triple the amount of the previous year, according to a federal financial crimes watchdog.
Malay Mail: The US Treasury last month repelled cyber attacks by a pro-Russian hacker group, but the incident caused little to no disruption and confirmed that the department’s stronger approach to financial system cybersecurity was working, a US Treasury official said.
Techcrunch: Networking and cybersecurity firm Versa announced that it raised $120 million in a mix of equity and debt led by BlackRock, with participation from Silicon Valley Bank. CEO Kelly Ahuja tells TechCrunch that the proceeds, which bring Versa’s total capital raised to $316 million, will be put toward go-to-market efforts and scaling the company. He demurred when asked what percentage of the financing was equity versus debt.
World Economic Forum: New United States Securities and Exchange Commission (SEC) rulemaking makes cyber risk reporting and business resilience planning a key component of effective board governance.
CNBC: In a new proposed settlement, the Federal Trade Commission is seeking to hold a tech CEO accountable to specific security standards, even if he moves to a new company.
Global News: A new research report says federal cybersecurity legislation is so flawed it would allow authoritarian governments around the world to justify their own repressive laws.
Private Equity Wire: Vista Equity Partners (Vista) is to acquire KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platforms, in an all-cash transaction valued at approximately $4.6 billion on an equity value basis.
