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Cybersecurity Dive: Cybersecurity risk, including ransomware, data breaches and IT disruptions, remained the top business concern in the U.S. and worldwide over the past year, according to the Allianz Risk Barometer.
Crunchbase: Cybersecurity venture investment jumped 43% in 2024 from the previous year as big rounds came back strong. That was despite flat funding quarter to quarter in Q4 and a smaller number of deals during the year.
CSO Online: The US Cybersecurity and Infrastructure Security Agency (CISA), along with its international cybersecurity allies, has unveiled the "Secure by Demand" guidelines to safeguard operational technology (OT) environments.
U.S. Securities and Exchange Commission (SEC): The Securities and Exchange Commission filed settled charges against Ashford Inc. for materially false and misleading disclosures to investors regarding a cyber incident.
The Target: PowerSchool is a cloud-based software solutions provider for K-12 schools and districts that supports over 60 million students and over 18,000 customers worldwide. The company offers a full range of services to help school districts operate, including platforms for enrollment, communication, attendance, staff management, learning systems, analytics, and finance.
The Take: PowerSchool has confirmed that the stolen data primarily contains contact details such as names and addresses. However, for some districts, it could also include Social Security numbers, personally identifiable information, medical information, and grades.
The Vector: After investigating the incident, it was determined that the threat actor gained access to the portal using compromised credentials and stole data using an "export data manager" customer support tool. Using this tool, the attacker exported the PowerSchool SIS 'Students' and 'Teachers' database tables to a CSV file, which was then stolen.
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.
Funds Europe: Railpen, the pension manager of the UK rail industry, and Royal London Asset Management (RLAM) have jointly published a report to address the growing threat of cybersecurity risks in investment portfolios.
Cybersecurity Dive: The lookback on cybersecurity funding underscored a continuing trend toward larger deals in the sector. Total funding was up year over year while the number of rounds declined.
SecurityWeek: Funding raised by cybersecurity firms increased to $9.5 billion last year amid a decrease in funding volume, a new report from cybersecurity recruitment firm Pinpoint Search Group shows.
Forbes: I was recently at an executive forum and engaged in a dialogue with roughly a dozen peers. The routine introductions broke the ice until I shared that I was in the cybersecurity field.
PR Newswire: According to the findings of a new report from Arelion, a staggering 90 percent of decision makers believe that hackers are more likely to trick AI-based cybersecurity tools than those operated by humans - especially for 34 percent of US and 29 percent of UK business leaders.
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