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IT News: Boston-based cyber security software startup Snyk said it raised US$300 million (A$408 million) in fresh funds and the company was now valued at $8.5 billion (A$11.5 billion).
Lexology: The past 12 months have seen an increase in cybersecurity attacks against major companies, placing data breaches on the front page of virtually every major newspaper. The U.S. government has taken notice.
CNBC: In the wake of increasingly sophisticated criminal hacks of companies like SolarWinds, Colonial Pipeline, and JBS Foods that touched on fears of national security weaknesses, U.S. politicians all the way up to the White House have been adamant on one cybersecurity requirement: organizations needed to spend more on it to protect the nation. But there’s a problem: in many cases, increased spending on cybersecurity in recent years hasn’t resulted in better protection against hackers.
The United States Department of Justice: A dual Canadian and U.S. national was sentenced today to 140 months in federal prison for conspiring to launder tens of millions of dollars stolen in various wire and bank fraud schemes – including a massive online banking theft by North Korean cyber criminals.
Help Net Security: For too long, both the private and public sectors have not prioritized cybersecurity efforts enough and only acted in “good faith” – an inadequate effort to improve cybersecurity.
The Irish Times: US financial services group State Street is to establish a new global cybersecurity and technology unit in Kilkenny, which will see the creation of 400 new jobs.
SEC: The Securities and Exchange Commission sanctioned eight firms in three actions for failures in their cybersecurity policies and procedures that resulted in email account takeovers exposing the personal information of thousands of customers and clients at each firm.
Axios: After assembling a team of tough-minded regulators to take on big technology companies, the Biden administration on Wednesday called on many of those same companies to work with the federal government to address a growing wave of cyberattacks.
KnowBe4: A new phishing campaign is exploiting the ongoing uncertainty about company policies related to COVID-19, according to Roger Kay at INKY.
ZDNet: Singapore and the US have inked a series of memorandums of understanding (MOUs) to widen their collaboration in cybersecurity across defence, financial, and research and development.
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