.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
City Wire: Financial firms and their employees could be doing much more to protect their assets and those of their clients as cybercrime will become one of the biggest risks they face over the next decade, according to cybersecurity expert and former FBI agent Scott Augenbaum.
*Note full article may require free sign-up registration.
BBC: The data exposed included names, address, and passport numbers for former guests. MGM said it was "confident" no financial information had been exposed. The resort chain said it was unable to say exactly how many people were impacted because information that was exposed might be duplicated.
Silicon Angle: The venture capital firm has been a prolific investor in cybersecurity startups. Investments included access control startup Remediant Inc. in August, app security startup NowSecure in June and IoT security provider Mocana Corp. in March. Fund II focus areas include cyber intelligence, privacy, security services and infrastructure protection.
Tech Crunch: Dell Technologies announced that it was selling legacy security firm RSA for $2.075 billion to a consortium of investors led by Symphony Technology Group. Other investors include Ontario Teachers’ Pension Plan Board and AlpInvest Partners.
CTV: Puerto Rico's government has lost more than US$2.6 million after falling for an email phishing scam, according to a senior official.
The finance director of the island's Industrial Development Company, Ruben Rivera, said in a complaint filed to police Wednesday that the agency sent the money to a fraudulent account.
ABC: Federal Parliament failed to develop effective methods for preventing cyber intrusions and did not regularly update some sensitive information systems, according to a draft internal audit dated three months after a major cyber attack was uncovered.
ZDNet: The FBI received 467,361 internet and cyber-crime complaints in 2019, which the agency estimates have caused losses of more than $3.5 billion, the bureau wrote in its yearly internet crime report.
Cision: ForgePoint Capital announced the promotion of Manoj "MJ" Ramachandran to Vice President and that Shane Shook, an expert in the field of cyber forensics, and former Cyxtera Technologies CIO Leoncio "Leo" Casusol have joined the firm as venture consultants.
SEC: The observations highlight certain approaches taken by market participants in the areas of governance and risk management, access rights and controls, data loss prevention, mobile security, incident response and resiliency, vendor management, and training and awareness.
Hedge Week: Drawbridge Partners, a cybersecurity software and services firm specialising in the needs of hedge fund and private equity managers, has appointed Lyons as Vice President of Business Development.
