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Yahoo Finance: CrowdStrike surged 10% and sparked a rally in cybersecurity stocks after the company's upbeat annual forecasts signaled robust demand for the one-stop platform for a variety of tools amid a rise in artificial intelligence-led sophisticated attacks.
Business Wire: KKR announced the appointment of Ruchir Swarup as a Partner and Chief Information Officer, effective immediately. In this role, Mr. Swarup will be responsible for driving KKR’s technology strategy and vision.
The Register: Criminals have probably stolen nearly 30,000 Fidelity Investments Life Insurance customers' personal and financial information — including bank account and routing numbers, credit card numbers and security or access codes — after breaking into Infosys' IT systems in the fall.
US News: Axonius, a startup which help companies manage their cybersecurity infrastructure, said it has raised $200 million at a $2.6 billion valuation, a sizable funding amount in a relatively muted market for growth and late-stage startups.
Dark Reading: It seems obvious: CEOs and their chief information security officers (CISOs) should be natural partners. With the persistent rise in cyber threats, most CEOs recognize the importance of having a strong security leader to protect the company's data, not to mention its reputation.
Forbes: Be it a tech giant or a startup, the threats to any company's security are relentless, sophisticated and constantly evolving. Hackers are weaponizing new tools, data breaches dominate headlines daily and the potential consequences of an attack are more devastating than ever.
The Target: Giant loan and mortgage company LoanDepot
The Take: The stolen LoanDepot customer data includes names, dates of birth, email and postal addresses, financial account numbers, and phone numbers. The stolen data also includes Social Security numbers, which LoanDepot collected from customers.
The Vector: LoanDepot was hit by a cyberattack around January 4 that it described at the time as involving the “encryption of data,” or a ransomware attack. It’s not known if LoanDepot paid a ransom.
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.
SWI swissinfo.ch: Julius Baer Group AG suffered a crash of its core banking systems on Feb. 16 that left Switzerland’s second-largest listed wealth manager offline for some time, according to people familiar with the matter.
VentureBeat: Open-source models and platforms are proving valuable in solving one of the most urgent paradoxes all cybersecurity startups face: balancing the need to deliver reliable apps at scale and low cost while being open enough to integrate across existing IT infrastructure.
Dark Reading: A new era of litigation is threatening the cybersecurity community. In addition to corporate and government enforcement, companies are being served with class-action lawsuits for data breaches.
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