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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.
Compliance Week: Last year, Equifax agreed to pay up to $700 million in a settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and a coalition of 50 attorneys general.
Reuters: McAfee LLC told Reuters it has hired Peter Leav, the former CEO of BMC Software, as its new CEO, replacing Chris Young, who created the cyber security company in its current form by carving it out of Intel Corp four years ago.
Law.com: The question gets asked quite frequently in regulatory circles: “Will the New York State Department of Financial Services bring an enforcement action under its cybersecurity regulation, and if so, when?” The probable answers are “yes” and “soon.”
Reuters: Insight Partners in April participated in a $65 million funding round for Armis that brought the company’s total funding to $112 million. That round was led by Sequoia Capital.
