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Institutional Asset Manager: According to IBM, 23 per cent of all cyber-attacks are directed at financial institutions, while the total cost of a single data breach is the second largest among all industries, costing financial organisations USD5.72 million on average.
SEC: The Securities and Exchange Commission today announced that Pearson plc, a London-based public company that provides educational publishing and other services to schools and universities, agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, including dates of births and email addresses, and had inadequate disclosure controls and procedures.
PYMNTS: T-Mobile is investigating claims that sensitive information from 100 million users is being sold on the dark web, Motherboard reported, citing contact with the seller and having seen data samples.
Markets Insider: Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") announced that it has completed its strategic equity investment in RSA Security LLC ("RSA" or the "Company").
Tech Crunch: U.S. cybersecurity firm NortonLifeLock has confirmed it is acquiring British rival Avast in order to create a global consumer security powerhouse.
The Washington Post: Congress, urged on by the nation’s top law enforcement agencies, is pushing to require companies to report ransomware attacks in an effort to help the government understand the scope of the threat.
Global News: U.S. President Joe Biden on Tuesday warned that if the United States ended up in a “real shooting war” with a “major power” it could be the result of a significant cyber attack on the country, highlighting what Washington sees as growing threats posed by Russia and China.
Financial Times Adviser: In a Dear CEO letter published July 26, the FCA said several firms had experienced IT outages and severe operational issues due to a surge in trading activity on November 9, 2020.
Business Wire: ExtraHop, the leader in cloud-native network detection and response, today announced the completion of its acquisition by Bain Capital Private Equity and Crosspoint Capital Partners.
Tech Crunch: Thoma Bravo-owned Sophos has announced it’s acquiring Braintrace, a cybersecurity startup that provides organizations visibility into suspicious network traffic patterns. Terms of the deal were not disclosed.
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