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Industry News: ESG5

    Female-Led Cybersecurity Startup Protexxa secures $10 Million in Funding

    2024-07-24

    Tech Funding News: Protexxa, one of the fastest-growing cybersecurity companies in Canada has closed a $10 million Series A funding round. 

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    Optiv Report Shows Nearly 60% of Respondents Surveyed Increased Security Budgets as Most Organizations Report Cyber Breaches and Incidents

    2024-07-24

    Yahoo Finance: Optiv, the cyber advisory and solutions leader, has published its 2024 Threat and Risk Management Report, which examines how organizations' cybersecurity investments and governance priorities are keeping up with the evolving threat landscape.

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    Cybersecurity Firm Wiz Rejects $23 Billion Bid From Google Parent Alphabet

    2024-07-23

    The Guardian: The cybersecurity firm Wiz has turned down a $23bn (£18bn) takeover bid from Google’s parent, Alphabet, spurning what would have been the tech company’s biggest ever acquisition and seeking a stock market flotation instead.

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    Judge Deals Major Blow to SEC’s Cybersecurity Enforcement Stance

    2024-07-23

    CFO Dive: A recent ruling in the Securities Exchange Commission’s lawsuit against Austin, Texas-based software provider SolarWinds has dealt a significant blow to the agency’s aggressive cybersecurity enforcement posture, legal analysts said.

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    Hackers Leak Documents From Pentagon IT Services Provider Leidos, Bloomberg News Reports

    2024-07-23

    Yahoo Finance/Reuters: Hackers have leaked internal documents stolen from Leidos Holdings Inc, one of the largest IT services providers to the U.S. government, Bloomberg News reported, citing a person familiar with the matter.

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    Shocked, Devastated, Stuck: Cybersecurity Pros Open Up About Their Layoffs

    2024-07-23

    Dark Reading: Tony Bradley, a seasoned communications professional in the cybersecurity industry, was blindsided when he was recently laid off from his role as a marketing director.

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    Know Your Breach: Trello

    The Target: Trello is an online project management tool owned by Atlassian. Businesses commonly use it to organize data and tasks into boards, cards, and lists.

    The Take: The leaked data includes email addresses and public Trello account information, including the user's full name.

    The Vector: While Atlassian, the owner of Trello, did not confirm at the time how the data was stolen, emo (the threat actor) said it was collected using an unsecured REST API that allowed developers to query for public information about a profile based on users' Trello ID, username, or email address.

    As phishing actors continue to explore every potential abuse opportunity on legitimate service providers, novel security gaps constantly threaten to expose users to severe risks. It is essential not to rely solely on email protection solutions, and also scrutinize every email that lands on your inbox, look for inconsistencies, and double-check all claims made in those messages.

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    New UK Government Unveils Bills for AI, Cybersecurity and Resilience to Boost Tech Outlook

    2024-07-18

    Tech Radar: The King has unveiled the newly-elected Labour government’s first drafted bills and legislation to the UK Parliament, including several pieces relating to technology.

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    Orgs Are Finally Making Moves to Mitigate GenAI Risks

    2024-07-17

    Dark Reading: A new analysis by Netskope of anonymized AI app usage data from customer environments showed substantially more organizations have begun using blocking controls, data loss prevention (DLP) tools, live coaching, and other mechanisms to mitigate risk.

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    London Cyber Firm CultureAI Raises £8 Million to Double Workforce and ‘Fix Human Error’

    2024-07-17

    City A.M: London-based tech company CultureAI has secured $10m (£7.7m) in a Series A funding round, co-led by Mercia Ventures and Smedvig Ventures. The investment is set to propel CultureAI’s product development, double its workforce and support its expansion into the US market.

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