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TechCrunch: Cybersecurity has had a rough go of it lately, with investment in the sector dropping a precipitous 40% compared to the year prior. But there are promising early, even preliminary, signs of a recovery.
Crunchbase: Venture funding overall was still sluggish, but cybersecurity startups saw some love from investors in the first quarter of 2024. To be sure, this is not the salad days of 2021 — cybersecurity funding was still down year to year — but the sector saw its best funding quarter in three quarters.
CSO Online: The United States Supreme Court unanimous ruling on an SEC disclosure case on Friday could have direct consequences on how security executives report cybersecurity incidents.
Yahoo Finance: National cybersecurity experts have shelved a vote on a draft EU cybersecurity label allowing Amazon, Alphabet's Google and Microsoft to bid for highly sensitive EU cloud computing contracts to May, people familiar with the matter said.
The Target: The PandaBuy online shopping platform.
The Take: The data contained approximately 1.5 million unique UserIds, First Name, Last Name, Phone Numbers, Emails, and Login IPs.
The Vector: "The data was stolen by exploiting several critical vulnerabilities in the platform's API and other bugs were identified allowing access to the internal service of the website," the threat actor said.
This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.
Yahoo Finance: Darktrace raised its annual revenue and margin forecasts for the third time this year after the British cybersecurity company's third-quarter revenue jumped nearly 27%.
MSN: The World Cybercrime Index has been published in journal Plos One following three years of research by academics from the University of Oxford and the University of New South Wales (UNSW) Canberra.
Dark Reading: Dave Luber began as the National Security Agency’s (NSA) new Director of Cybersecurity on April 1, 2024. As the new Cybersecurity Director, he oversees NSA’s Cybersecurity Directorate (CSD), whose critical mission is to prevent and eradicate cyber threats to the Department of Defense, National Security Systems, and the Defense Industrial Base.
Yahoo Finance: Cyber attacks are becoming so frequent, malicious and costly that they risk triggering bank runs, according to the International Monetary Fund (IMF). The Fund warned that rising cyber threats now posed “serious concerns for financial stability” and could push companies into insolvency.
Forbes: Every day, we hear from government and company leaders asking how they can best leverage artificial intelligence (AI) and machine learning (ML) for improved cybersecurity outcomes—and for protection against more sophisticated attacks created by bad actors using AI.
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