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CSO Online: Attacks against operational technology (OT) networks are on the rise, fueled by geopolitical tensions and conflicts, as OT security fast becomes a mainstream concern.
Crunchbase: NinjaOne, which provides endpoint management, security and monitoring, raised $500 million in Series C extensions at a $5 billion valuation — more than doubling its value from just 12 months ago.
Investment Executive: Advocis faces its fourth legal claim in just over a year, this one arising from a cybersecurity contract the association allegedly terminated after naming its new CEO last fall.
Forbes: Amid rising concerns about data breaches, identity theft and privacy violations, cybersecurity has become more than just an IT and business operations necessity—it has become a brand differentiator.
Funds Europe: Private equity investment in security technology is accelerating, driven by rising geopolitical instability and increased government defence spending, according to research.
Wealth Professional: Bybit, one of the largest cryptocurrency exchanges, suffered a US$1.5bn security breach that has since triggered US$5.5bn in outflows.
The Target: Globe Life is an American financial services holding company.
The Take: The information potentially exposed includes names, email addresses, phone numbers, and postal addresses. In some cases, Social Security numbers, health-related data, and other personal details may also have been involved.
The Vector: The ongoing review indicated that the breach may have involved information linked to its American Life Insurance Co. subsidiary. In a new SEC filing on Jan. 30, Globe Life reported that customer information compromised in the attack was traced to databases maintained by a limited number of independent agency owners.
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.
Cybersecurity Dive: Insight Partners suffered a data breach in January stemming from what it described as “a sophisticated social engineering attack.” In a statement the private equity and venture capital firm said it initially detected unauthorized access to “certain Insight information systems” on Jan. 16.
Forbes: As a cybersecurity leader dedicated to safeguarding small- and medium-sized enterprises (SMEs) from cyber threats, the shifting sands of the cybersecurity landscape are always top-of-mind.
Insurance Journal: Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation.
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