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Industry News: ESG5

    SEC Commissioner Wants Cyber Rules for Advisors, BDs

    2021-11-01

    Think Advisor: SEC Commissioner Elad Roisman, a Republican, wants the agency to write a rule clarifying when advisors and broker-dealers must inform investors and the commission about a cybersecurity breach.

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    Microsoft Announces Plan to Cut Cybersecurity Workforce Shortage In Half by 2025

    2021-10-28

    CNBC: Microsoft will partner with community colleges across the U.S. and provide free resources in an attempt to help end a shortage of cybersecurity workers, the company announced.

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    Cybersecurity Firm Dragos Worth $2 Billion in New Funding Round

    2021-10-28

    BNN Bloomberg: Cybersecurity startup Dragos Inc. has raised a $200 million funding round co-led by a BlackRock Inc. fund and Koch Industries Inc., an investment that gives the cybersecurity startup a $2 billion valuation.

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    Quebec Tables Bill to Create Cybersecurity Ministry As Government Plans for Digital IDs

    2021-10-28

    CTV: Quebec tabled a bill Thursday to create a new cybersecurity ministry that, if passed, would be the first of its kind in North America, officials say.

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    FINRA Sees Overlapping Risks in AML, Cybersecurity

    2021-10-27

    Traders Magazine: In its latest podcast, “Encore | Overlapping Risks: Anti-Money Laundering and Cybersecurity”, the first of a two-part series, FINRA was looking at the intersection of a firm’s AML and cybersecurity risks.

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    Deloitte: 14% of U.S. Orgs Remain Defenseless As Cybersecurity Threats Loom

    2021-10-26

    Venture Beat: Even as cybersecurity threats rise, a few American organizations still continue to operate without a defense plan or strategy, Deloitte reported.

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    Congress May Ban Ransomware Payments, Senate Homeland Security Chairman Says

    2021-10-26

    Market Watch: Lawmakers have not ruled out legislation that could ban private companies from making ransomware payments, Sen. Gary Peters of Michigan, chairman of the Senate Homeland Security Committee.

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    From Zero to $9 Billion: Inside the Growth of U.S.-Listed Cyber ETFs

    2021-10-22

    Traders Magazine: Cyber ETFs are just one of a growing group of increasingly popular “thematic ETFs.” Thematic ETFs give investors quick access to a diversified basket of stocks with exposure to a specific investment or economic theme.

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    Drawbridge Wins ‘Best Cyber Security Provider’ At the 2021 Private Equity Wire US Awards

    2021-10-22

    Private Equity Wire: Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has been named ‘Best Cyber Security Provider’ at the 2021 Private Equity Wire US Awards.

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    What Are Your SEC Reporting Requirements for Cybersecurity Incidents?

    2021-10-21

    IT Governance: The odds of an organization experiencing a cyber security breach are about 30% in any two-year period.

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