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Financial Post: Business leaders and cybersecurity experts are pushing the Biden administration to step up efforts to quell big hacks against US companies.
IOL: In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million (R837m). It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Korea's nuclear weapons programme.
Dark Reading: Cloud security vendor Lacework's recent announcement that it will reduce head count as part of a restructuring plan — just months after it secured $1.3 billion in a record-setting funding round — may have shocked the high-flying cybersecurity sector, but industry analysts say the layoffs do not signal any broad, imminent industry slowdown.
Business Wire: Paladin Capital Group, a leading cyber and advanced technology investor, announced the closing of its Cyber Fund II (“the Fund”), a $372 million multi-stage fund that invests in cybersecurity startups bringing innovative technologies to market. The Fund surpassed its initial target of $250 million.
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.
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.
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.
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.
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.
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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