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Yahoo Finance: Chip-design company Synopsys Inc. is selling its software integrity business to two private equity firms for as much as $2.1 billion in cash. Clearlake Capital and Francisco Partners are buying the cybersecurity-focused business and will run it as a new, as-yet unnamed independent company, according to a statement.
PR Newswire: Widespread concerns are growing among US employees about escalating cybersecurity threats in the workplace, with 53% worried their organization will be the target of a cyber attack and a third (34%) worried that they may be the ones leaving their organization vulnerable due to their actions, according to new data from Ernst & Young LLP.
The Target: The OWASP (Open Web Application Security Project) Foundation is a nonprofit organization focused on improving the security of software. It provides freely available resources, tools, and documentation to help organizations develop, deploy, and maintain secure software applications.
The Take: The incident impacted OWASP members from 2006 to around 2014 who provided their resumes as part of joining OWASP. Exposed resumes contained names, email addresses, phone numbers, physical addresses, and other personally identifiable information.
The Vector: In late February 2024, the Foundation received a few support requests and became aware of a misconfiguration of OWASP’s old Wiki web server. The misconfiguration led to a data breach involving old member resumes.
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.
Crunchbase: Cybersecurity venture funding saw a small bounce back in the first quarter of the year and a couple of large raises may indicate that trend continuing.
Yahoo Finance: In April 2024, UK cybersecurity company Darktrace agreed to be bought by US private equity (PE) company Thoma Bravo in a $5.3bn deal.
Business Wire: Small and medium-sized business (SMB) leaders report that they are investing more time, attention, and budget on cybersecurity, but human factors are getting in the way – including lack of awareness, training and inconsistent policy adherence.
PR Newswire: BlackSwan Cyber, a leading M&A Cybersecurity Advisor, has announced the release of its Cyber Maturity Assessment Platform.
BNN Bloomberg: A new study warns that cybersecurity measures must be prioritized amidst an increasingly sophisticated threat of artificial intelligence (AI).
CSO Online: The UK’s Investigatory Powers (Amendment) Act (IPAA) received royal assent, making it law and broadening the government’s ability to collect bulk communications data.
The Record: As the chief executive of one of the largest banks in the world, Bill Winters is constantly identifying, evaluating and taking steps to mitigate risks.
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