.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
Funds Europe: UK pensions manager Railpen has partnered with sustainability consultancy Chronos Sustainability for a report on “how AI systems are classified and the risks they could pose to portfolio companies without an effective and efficient system of governance.”
Sky News: Sky News has learnt that NCC has engaged bankers at Rothschild to examine options for its cybersecurity arm, with a sale among the possible options being considered.
Private Equity Wire: Cyber security consulting firm S-RM’s latest study, based on a survey of 100 PE professionals across the UK, Europe, and the US, reveals that 72% of respondents have experienced a serious cyber incident across their portfolios in the past three years – highlighting cyber attacks as systemic risks that span entire investment ecosystems.
Pitchbook: Even as the UK government scrambles to support the cybersecurity industry following a string of attacks, VC funding for UK cybersecurity startups is on track to hit its lowest level in a decade.
The Guardian: It is every bank boss’s worst nightmare: a panicked phone call informs them a cyber-attack has crippled the IT system, rapidly unleashing chaos across the entire UK financial industry.
SecurityWeek: Founded in 2011, the London-based firm provides real-time detection and response and penetration testing capabilities in a single, unified platform that delivers enterprise-grade cybersecurity to mid-sized businesses.
Business Wire: UK mid-market private equity investment firm Limerston Capital announces the acquisition of CyberCrowd, a UK-based cyber security services specialist.
Yahoo Finance: UK fintech is set for another shot of momentum after a series of cyber attacks on top retailers exposed a need for greater security expansion.
The Target: The Legal Aid Agency, which is part of the UK’s Ministry of Justice, provides criminal and civil legal aid and advice to people in England and Wales.
The Take: The compromised data includes applicants’ contact details and addresses, dates of birth, national ID numbers, criminal history, and employment status, as well as financial information such as contribution amounts, payments, and debts.
The Vector: An investigation conducted with the aid of the National Crime Agency and National Cyber Security Centre revealed on May 16 that the intrusion was “more extensive than originally understood and that the group behind it had accessed a large amount of information relating to legal aid applicants”.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
The Guardian: The boss of HSBC’s UK arm has said the bank is “being attacked all the time” by online criminals, with cybersecurity now its biggest expense, costing the lender hundreds of millions of pounds.
Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →
Montreal
1080 Côte du Beaver Hall, Suite 904
Montreal, QC
Canada, H2Z 1S8
+1-450-465-8880
Halifax
168 Hobsons Lake Drive Suite 301
Beechville, NS
Canada, B3S 0G4
Tel: +1 902 429 8880
Manila
10th Floor, Two Ecom Center
Mall of Asia Complex
Harbor Dr, Pasay, 1300 Metro Manila
Philippines
Sydney
Level 15 Grosvenor Place
225 George Street, Sydney NSW 2000
Australia
Tel: +61 (2) 8823 3370
Abu Dhabi
Floor No. 15 Al Sarab Tower,
Adgm Square,
Al Maryah Island, Abu Dhabi, UAE
Tel: +971 (2) 694 8510
Copyright © 2021 Entreprise Castle Hall Alternatives, Inc. All Rights Reserved.
Terms of Service and Privacy Policy