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Industry News: ESG5

    Know Your Breach: Ticketmaster

    The Target: Ticketmaster, the world’s leading online ticketing platform owned by Live Nation.

    The Take: The stolen data trove reportedly includes names, addresses, phone numbers, and partial credit card information.

    The Vector: While the specific circumstances of the breaches—including exactly what information was stolen and how it was accessed—remain unclear, the incidents may be linked to attacks against company accounts with cloud hosting provider Snowflake.

    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.

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    Notable Capital Launches Rising in Cyber to Spotlight Promising Cybersecurity Startups

    2024-06-05

    Dark Reading: Notable Capital, a global venture capital firm, announced the inaugural launch of "Rising in Cyber," an independent list recognizing the 30 most promising cybersecurity companies as selected by Chief Information Security Officers (CISOs), security leaders, and startup investors.

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    CrowdStrike Forecasts Upbeat Second-Quarter Revenue on Robust Demand for Cybersecurity Solutions

    2024-06-05

    Yahoo Finance/Reuters: CrowdStrike Holdings Inc forecast second-quarter revenue above market estimates, helped by strong demand for its cybersecurity offerings in the wake of growing online challenges spurred by the use of artificial intelligence (AI).

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    225,000 More Cybersecurity Workers Needed in US: CyberSeek

    2024-06-05

    SecurityWeek: Over 200,000 more cybersecurity workers are needed in the United States to close the talent gap, according to data from CyberSeek. CyberSeek, a joint initiative of NIST’s NICE program, CompTIA, and Lightcast, aims to provide detailed and actionable data on the cybersecurity job market. 

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    Web3 Cybersecurity Company GoPlus Raises $10M to Build Permissionless Security Layer

    2024-06-05

    Coindesk: Web3 cybersecurity company GoPlus has raised $10 million in a private financing round with participation from a host of heavyweight crypto investors including OKX Ventures, HashKey Capital and Animoca Brands, according to an emailed announcement shared with CoinDesk.

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    Cybersecurity Standards Emerging in Canada as Ransomware Business Booms

    2024-06-05

    MSN: The ransomware business is booming in Canada. Recent victims have included large corporations such as retailer London Drugs, as well as the City of Hamilton, Ont., and the government of Newfoundland and Labrador.

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    Cybersecurity Market To Be Worth $311.4 Billion By 2031

    2024-06-04

    Yahoo Finance: Cybersecurity is the practice of protecting computer systems, networks, programs, and data from unauthorized access, attacks, damage, or any form of unauthorized manipulation.

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    APRA Clarifies Expectations on Cyber Security and Adequacy of Backups

    2024-06-03

    Australian Prudential Regulation Authority: The Australian Prudential Regulation Authority (APRA) has written to all APRA-regulated entities emphasising the critical role of data backups in cyber resilience. 

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    Know Your Breach: Cencora

    The Target: Cencora, formerly AmerisourceBergen, is a pharmaceutical services provider specializing in drug distribution, specialty pharmacy, consulting, and clinical trial support.

    The Take: Cencora's internal investigation, which concluded on April 10, 2024, confirmed that the following information had been exposed: full name, address, health diagnosis, medications, and prescriptions.

    The Vector: In February 2024, Cencora disclosed a data breach in a Form 8-K filing with the SEC, stating that unauthorized parties gained access to its information systems and exfiltrated personal data.

    This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

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    Bridging Cybersecurity Expectations And Reality To Empower CISOs

    2024-05-30

    Forbes: Cybersecurity has evolved into an indispensable foundation for doing business. The past several years have seen the rise of a permanent hybrid workforce that uses software to connect to their corporate networks.

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