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Security Magazine: Hiscox reveals that U.S. businesses’ cybersecurity spending is on the rise and they are leaders in cyber expertise, but still have more work to do when it comes to ransomware and phishing emails.
ZDNet: Hackers working for the Russian foreign intelligence service are behind the SolarWinds attack, cyber-espionage campaigns targeting COVID-19 research facilities and more, according to the United States and the United Kingdom.
DFS: Superintendent of Financial Services Linda A. Lacewell announced today that National Securities Corporation (“National Securities”) will pay a $3 million penalty to New York State for violations of DFS’s Cybersecurity Regulation that caused the exposure of a substantial amount of sensitive, non-public, personal data belonging to its customers, including thousands of New York consumers.
Private Equity Wire: Fund I closed at USD1.3 billion, exceeding its target of USD1 billion and making it one of the largest first-time, technology-focused private equity funds ever raised. Managing Partners of the firm include Greg Clark, Ian Loring, Steve Luczo, Matt MacKenzie and Hugh Thompson.
Yahoo Finance: Chris Inglis, a former NSA deputy director, is being nominated as the government's first national cyber director. Jen Easterly, a former deputy for counterterrorism at the NSA, has been tapped to run the Cybersecurity and Infrastructure Security Agency at the Department of Homeland Security.
Reuters: Cybersecurity company KnowBe4 Inc, backed by private-equity firm KKR & Co and funds affiliated with Goldman Sachs, said it was aiming for a valuation of up to $3 billion in its initial public offering in the United States.
The Hill: Rep. Yvette Clarke (D-N.Y.), the chair of a key cyber House panel, said Wednesday that she would push for inclusion of language on securing critical systems as part of negotiations around President’s Biden’s infrastructure proposal.
CNet: Cybercrime is on the rise as hackers continue to steal data, disrupt business and cause harm online. The result is billions of dollars in losses: The total annual loss in the US from cybercrime reached $4.2 billion in 2020, according to data released from StockApp.com.
Financial Post: Department of Homeland Security (DHS) Secretary Alejandro Mayorkas said on Wednesday that dealing with ransomware will be a top priority, highlighting the growing threat of the data-scrambling software.
Yahoo Finance: The U.S. Cyber Command conducted more than two dozen operations aimed at preventing interference in last November's presidential election, the general who leads the Pentagon's cyber force said.
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