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Industry News: ESG5

    Many Ransomware Attacks Go Unreported. The FBI and Congress Want to Change That.

    2021-07-27

    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.

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    Biden Says Next ‘Real Shooting’ War Could Be Result of Major Cyber Attack

    2021-07-27

    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.

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    FCA Warns Platforms on Service Outages

    2021-07-27

    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.

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    ExtraHop Announces Completion of Acquisition by Bain Capital Private Equity and Crosspoint Capital Partners

    2021-07-22

    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.

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    Sophos Acquires Braintrace to Supercharge Threat Detection Capabilities

    2021-07-22

    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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    Biden to Convene Private Sector Leaders for Cybersecurity Talks in August

    2021-07-21

    SABC News: President Joe Biden and senior US officials will meet private sector leaders on August 25 to discuss ways to beef up cyber security, a White House spokesperson said on Wednesday, underscoring the need for collective action.

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    U.S. and Canada Blame China for Microsoft Exchange Hack Earlier This Year

    2021-07-19

    CBC: The United States, Canada, and numerous other nations formally blamed China on Monday for a massive hack of the Microsoft Exchange email server software and accused Beijing of working with criminal hackers in ransomware attacks and other cyber operations.

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    White House Launches Ransomware Task Force Amid Calls for Retaliation Against Russia

    2021-07-15

    CBS News: Following a slew of high-profile ransomware attacks, the Biden administration has formed a multi-agency government task force aimed at curtailing malicious, state-sponsored cyber activity and hardening the nation's cybersecurity defenses, as more and more of American critical infrastructure migrates online. 

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    New York Department of Financial Services Issues New Guidance to Financial Services Orgs to Counter Ransomware

    2021-07-14

    KnowBe4: NYDFS offers up sound best practices in addition to their recently released Cyber Insurance Risk Framework based on recent attack investigations, finding repeated use of “the same handful of techniques.”

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    Ransomware Gang REvil Vanishes from Dark Web After Biden Warning

    2021-07-13

    BNN Bloomberg: The Russia-linked ransomware gang REvil has seemingly vanished from the dark web, where it maintains several pages documenting its activities including one called the “happy blog.”

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