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Checkmarx: Checkmarx, the global leader in software security solutions for DevOps, today announced that Hellman & Friedman (“H&F”) has entered into a definitive agreement to acquire the Company from Insight Partners, which will continue to own a substantial minority interest. The deal represents the largest acquisition of an application security company to date.
CPA: The average cost of cybercrime surged 29 per cent in the U.S. between 2017 and 2018, reaching US$27.4 million per organization, according to an Accenture Security and Ponemon Institute study, which was based on interviews with more 2,600 senior security professionals at 355 companies in 11 countries (including Canada).
The Crime Report: The U.S. government should adopt structural changes not seen since the 2001 terrorist attacks to confront proliferating cyber threats that increasingly endanger national and economic security, a federal commission concluded, reports the Wall Street Journal.
The Straits Times: An engineer who attended the annual RSA cybersecurity conference in San Francisco last month (February 2020) has tested positive for the coronavirus and is seriously ill with respiratory issues.
Central Bank: The Central Bank has today published the findings of a Thematic Inspection into the cybersecurity risk management practices in Asset Management firms. The purpose of the Inspection was to determine the adequacy of cybersecurity controls and cybersecurity risk management practices of the inspected firms and to identify good practices.
ABC News: To thwart increasingly dangerous cyber criminals, law enforcement agents are working to “burn down their infrastructure” and take out the tools that allow them to carry out their devastating attacks, FBI Director Christopher Wray said.
Coindesk: The world of blockchain, unsurprisingly, is not exactly Joe Biden’s bailiwick. But don’t let his age fool you. He’s not blind to tech, data privacy or the thorny issues of digital misinformation. For instance, he recently called for the revoking of Section 230 (which protects companies like Facebook from liability for material published on its networks), saying Facebook “is not merely an internet company. It is propagating falsehoods they know to be false.”
Hedgeweek: DrawbridgeConnect allows customers to aggregate cybersecurity program data to drive analysis and determine program strength, remediation, and create and manage a resilient program to fulfil evolving regulatory and investor demands.
Institutional Investor: Hackers this week took over the email account of Michael Rosen, chief investment officer of consulting and asset management firm Angeles Investment Advisors.
City Wire: Former Federal Bureau of Investigation (FBI) special agent Scott Augenbaum offered his top tips for how wealth managers can protect their clients and their portfolios from hackers.
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