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Private Equity Wire: North Carolina-based private equity firm Falfurrias Management Partners has made a growth investment in cybersecurity company MOXFIVE.
PR Newswire: The rapid evolution of cyber threats, driven by increasingly sophisticated tactics and automation, has exposed the vulnerabilities of traditional security solutions.
Yahoo Finance: Cybersecurity stocks are in focus this week, with SentinelOne (S) and CrowdStrike (CRWD) earnings giving investors a fresh read on the sector. TD Cowen senior analyst Shaul Eyal joins Market Domination to discuss the state of the cybersecurity industry and some of its key players.
The Target: Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan.
The Take: The threat actor says they breached a U.S. branch and were able to steal 240GB of files with information on Toyota employees and customers, as well as contracts and financial information.
The Vector: BleepingComputer found that the files had been stolen or at least created on December 25, 2022. This date could indicate that the threat actor gained access to a backup server where the data was stored.
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.
MSN: Markets watchdog Sebi issued a new cyber security framework wherein all regulated entities are required to have appropriate security monitoring mechanisms, and the fresh norms will be implemented in a graded manner starting from January 2025.
CSO Online: Generative AI enabled threats, such as highly convincing phishing emails and morphed digital identities, which accurately mimic human communication, are evolving in real time, surpassing existing security measures and posing challenges to legacy defenses.
U.S. Securities and Exchange Commission (SEC): The Securities and Exchange Commission announced settled charges against New York-based registered transfer agent Equiniti Trust Company LLC, formerly known as American Stock Transfer & Trust Company LLC, for failing to assure that client securities and funds were protected against theft or misuse.
SecurityWeek: Chainalysis found that while illegal on-chain activity has dropped by nearly 20% year-to-date, ransomware payments have increased by 2%, from $449.1 million in the first half of 2023 to $459.8 million in the first half of 2024.
CFO Dive: AT&T, Ticketmaster owner Live Nation Entertainment and UnitedHealth Group are among companies that have reported massive data breaches since January.
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