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Lexology: The Investment Industry Regulatory Organization of Canada (“IIROC”) has published a Cybersecurity Notice on Ransomware (the “Notice”), which flags a recent uptick in ransomware attacks on IIROC firms and provides guidance on how IIROC firms should prevent, detect, respond to and recover from ransomware attacks.
Yahoo Finance: Canada's main cybersecurity watchdog said Wednesday that it's likely too late to prevent criminals from using a vulnerability in Microsoft Exchange email servers, unless system administrators have already installed software patches that were issued in early March.
Journal of Accountancy: CPAs have a new opportunity to act as third-party assessors of the cybersecurity maturity of U.S. defense contractors as they work to comply with new regulations that have been created to combat cyberthreats.
Investment Executive: In a notice to the industry, the self-regulatory organization said that it has seen an increase in cyber attacks targeting IIROC firms with malware that infects and encrypts devices and demands a ransom for the return of the locked data.
Silicon: The wide ranging impact from the Microsoft Exchange zero-day flaws continue to be felt with a fresh warning from security researchers.
BNN Bloomberg: A group of hackers say they breached a massive trove of security-camera data collected by Silicon Valley startup Verkada Inc., gaining access to live feeds of 150,000 surveillance cameras inside hospitals, companies, police departments, prisons and schools.
BNN Bloomberg: Cybersecurity platform Snyk Ltd. said it has closed a $300 million funding round that gives it a valuation of $4.7 billion, quadrupling its value since the start of 2020.
Private Equity Wire: Drawbridge will use the funds to accelerate product innovation, expand sales and marketing activities across North America and EMEA, and continue investing in its people, platform, and client services. The investment follows a period of dramatic growth for Drawbridge. Over 300 funds in the alternative investment industry – including hedge funds and private equity funds – with more than USD800 billion in Assets Under Management work with Drawbridge to build and maintain their cybersecurity programs.
Cision: Information Shield - a leading provider of cyber security compliance software – today announced support for the new Cyber Insurance Risk Framework. Using the ComplianceShield ™ platform and Cyber Risk Score ™ methodology, insurance providers can gain measurable insight into the cyber posture and inherent risk of their insured base. The new framework was created by the New York Department of Financial Service (NYDFS) to help reduce systematic cyber risk across the insurance industry.
IT Pro Portal: The zero trust approach, which operates under the assumption that the network has already been breached and that every device and app needs authorization, is said to be the most efficient way to tackle advanced cybersecurity threats.
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