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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.
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.
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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.
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