.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
Yahoo Finance: The Justice Department and the federal court system disclosed on Wednesday that they were among the dozens of U.S. government agencies and private businesses compromised by a massive, months-long cyberespionage campaign that U.S. officials have linked to elite Russia hackers.
SC Magazine: SolarWinds and some of its top executives have been hit with a class action lawsuit by stockholders, who allege the company lied and materially misled them about security practices leading up to a massive breach of its Orion management software that has reverberated throughout the public and private sector.
Institutional Investor: The Equifax case — a breach that jeopardized the personal data of up to 143 million people but went unreported for more than a month after surfacing — is a good example of how things can go south quickly. The weeks-long disclosure gap provided abundant opportunity for those in the know to take advantage of the information, and insiders did.
MSN: Cybersecurity exchange-traded funds surged Wednesday, adding to a string of gains after a high-profile hack of U.S. government systems early in the week of Dec. 13. The ETFMG Cyber Security ETF was up 1% mid-morning, and the First Trust NASDAQ Cybersecurity ETF gained 1.3%. The Global X Cybersecurity ETF jumped 1.7%. The broader market was flat ahead of a Federal Reserve press conference and a fiscal aid package decision from Congress.
Security Magazine: The coronavirus pandemic has sparked a new round of digital transformation. But in many cases, the rapid pace of digital acceleration has enlarged the digital footprint of both businesses and consumers beyond the capacity of our cybersecurity infrastructure to keep up. The scary reality is that the business impact of COVID-19 may be creating the perfect storm for a cybercrime pandemic; digital citizens will have to act aggressively to secure their data before it’s too late.
CRN: SolarWinds majority owners Silver Lake and Thoma Bravo sold $286 million of stock just before the company announced a new CEO and disclosed a cyberattack.
Claims Journal: As details of the most audacious hack on the U.S. government in recent memory continued to stun lawmakers and the public, a government watchdog released a blistering report saying that federal agencies have failed to implement key safeguards for their information technology supply chains.
Cision: In 2019, the FBI’s Internet Crime Complaint Center recorded 23,775 complaints about business email compromise (BEC), which resulted in more than $1.7 billion in losses. In the wake of COVID-19, fraudulent cybercrimes and email schemes are on the rise.
Lupa Express: The federal banking businesses are poised to suggest new guidelines that would spell out banks’ obligations to inform their regulators promptly a few knowledge breach.
CNN Business: The cybersecurity firm FireEye (FEYE) said Tuesday that it had come under cyberattack by "highly sophisticated" actors likely sponsored by a nation-state, in a rare and extremely serious instance of a mainstream security vendor being compromised. The hack could even give the perpetrators the means to launch attacks against other targets.
Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →
Montreal
1080 Côte du Beaver Hall, Suite 904
Montreal, QC
Canada, H2Z 1S8
+1-450-465-8880
Halifax
168 Hobsons Lake Drive Suite 301
Beechville, NS
Canada, B3S 0G4
Tel: +1 902 429 8880
Manila
10th Floor, Two Ecom Center
Mall of Asia Complex
Harbor Dr, Pasay, 1300 Metro Manila
Philippines
Sydney
Level 15 Grosvenor Place
225 George Street, Sydney NSW 2000
Australia
Tel: +61 (2) 8823 3370
Abu Dhabi
Floor No. 15 Al Sarab Tower,
Adgm Square,
Al Maryah Island, Abu Dhabi, UAE
Tel: +971 (2) 694 8510
Copyright © 2021 Entreprise Castle Hall Alternatives, Inc. All Rights Reserved.
Terms of Service and Privacy Policy