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Hedge Week: Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has named Scott DePetris as President and Chief Operating Officer (COO) and appointed him to the Board of Directors.
CNBC: “There’s a direct correlation,” the cybersecurity firm executive said on “Closing Bell.” “When you look at the rise of ransomware, it absolutely aligns with the rise of anonymous digital currencies.”
Yahoo Finance: Cybersecurity firm SentinelOne Inc, backed by billionaire investor Daniel Loeb's hedge fund Third Point, has boosted the price range for its IPO and is now looking to raise about $1.02 billion, a regulatory filing showed.
International Investment: The Financial Conduct Authority (FCA) has admitted that there were three cases of data breaches in 2020 in response to a Freedom of Information (FOI) request submitted by International Investment's sister title Professional Adviser.
Help Net Security: McAfee released a report examining cybercriminal activity related to malware and the evolution of cyber threats in the first quarter of 2021. The quarter saw cyber adversaries shift from low-return, mass-spread ransomware campaigns toward fewer, customized Ransomware-as-a-Service (RaaS) campaigns targeting larger, more lucrative organizations.
Financial Advisor: Cybersecurity is a top concern for advisory firms and businesses in general, which opens up investing opportunities in companies that are good at building defenses against hacker attacks, according to Pedro Palandrani, research analyst at Global X, a New York City-based financial services firm that specializes in ETFs.
The Times of Israel: Cybersecurity firm SentinelOne Inc. has filed a prospectus with the US Securities and Exchange Commission to raise as much as $928 million in an initial public offering of shares on the New York Stock Exchange, aiming for a valuation of over $7 billion.
The Hill: A bipartisan group of senators on Thursday unveiled legislation intended to crack down on cyber criminals, who have increasingly posed a threat to critical U.S. organizations.
Yahoo Finance: Following his meeting with Russian President Vladimir Putin in Geneva on June 16, President Biden said “there were no threats” exchanged in the two leaders’ conversation. But Biden also delivered what Putin must have considered a serious warning.
Security Week: An investigation revealed that the database stored information that had been compromised in data breaches suffered by various companies over the past years. The database has been used by security analytics firm Cognyte to alert customers when their information is exposed as a result of a data breach suffered by a third party.
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