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    Industry News: ESG5

      Why Third-Party Risk Management Has Never Been More Important

      2020-03-31

      Dark Reading: Over recent weeks, the ongoing spread of the COVID-19 coronavirus has forced companies around the country to make difficult decisions about how to protect their employees — as well as their communities as a whole.

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      Marriott Says New Data Breach Affects 5.2 Million Guests

      2020-03-31

      CTV: Marriott says guests' names, loyalty account information and other personal details may have been accessed in the second major data breach to hit the company in less than two years.

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      U.S. Cybersecurity Experts See Recent Spike in Chinese Digital Espionage

      2020-03-25

      Reuters: A U.S. cybersecurity firm said Wednesday it has detected a surge in new cyberspying by a suspected Chinese group dating back to late January, when coronavirus was starting to spread outside China.

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      Financial Companies Leak 425GB in Company, Client Data Through Open Database

      2020-03-19

      ZDNet: vpnMentor researchers led by Noam Rotem said the database appears to be connected to MCA Wizard, a now-defunct app that appears to have been developed by Advantage Capital Funding and Argus Capital Funding. 

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      Private Equity Is a Tantalizing Target for Ransomware Hackers

      2020-03-17

      Bloomberg: Norm Hullinger was heading into work one day in October when he got a call that his company’s network was acting up. It was no simple glitch. Hackers had started freezing the data of Alphabroder, a sportswear distributor. They wanted more than $3 million to restore it. Grappling with whether to pay, Hullinger, the chief executive officer, embarked on a journey that’s increasingly familiar to law firms, hospitals, and cities that have found themselves on the other end of negotiations with ransomware criminals.

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      Cyber-Attack Hits U.S. Health Agency Amid Covid-19 Outbreak

      2020-03-16

      Bloomberg: The U.S. Health and Human Services Department suffered a cyber-attack on its computer system, part of what people familiar with the incident called a campaign of disruption and disinformation that was aimed at undermining the response to the coronavirus pandemic and may have been the work of a foreign actor.

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      Hellman & Friedman to Acquire Cybersecurity Leader Checkmarx at a $1.15B Valuation

      2020-03-15

      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.

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      Cybersecurity Expert: ‘An Ounce of Prevention is Worth a Pound of Cure’

      2020-03-11

      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).

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      Panel Calls for ‘Layered Cyber Deterrence’ to Protect National Security

      2020-03-11

      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. 

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      Coronavirus: Engineer Who Attended Cybersecurity Conference Tests Positive for Bug

      2020-03-11

      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.

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