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TechCrunch: Vulcan Cyber, a company developing software to help enterprises detect vulnerabilities in their software stack, announced that it raised $55 million in equity financing led by Maor Investments and Ten Eleven Ventures with participation from Dawn Capital and Wipro Ventures.
Investing.com: OpenText, a global leader in information management, released its annual Cybersecurity Global Ransomware Survey, revealing significant trends in cybersecurity among small and medium-sized businesses (SMBs) and enterprises.
FundsTech: Europe’s main securities regulator has elevated cyber risk and digital resilience to the top of its supervisory authorities for the coming year.
CSO: A cybersecurity self-assessment of 697 Australian organizations revealed 58% have limited or no capability to protect confidential information adequately.
The Target: Hilb Group, a business that handles property, casualty, and employee benefits insurance and advisory services at more than 130 locations across 22 US states.
The Take: People's first and last names and sensitive financial data and credentials. Specifically, Financial Account Number or Credit/Debit Card Number (in combination with security code, access code, password or PIN for the account).
The Vector: Hilb says it discovered "suspicious activity" related to employee email accounts around January 10. After doing some digging, and bringing on a third-party incident response firm, the insurance brokerage determined someone broke into those inboxes between December 1, 2022 and January 12, 2023.
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.
BNN Bloomberg: OpenAI is grappling with “abnormal traffic” that suggests hackers are trying to swamp its services, revealing for the first time the potential cause of outages that’ve plagued ChatGPT this week.
CSO: As AI technology advances, cyber defenders are spending more on the technology to defend against malicious actors who currently hold an asymmetric advantage in deploying new AI-generated threats.
PR Newswire: Mendoza Ventures, a female and Latinx-founded Fintech, AI, and Cybersecurity Venture Capital firm, announced that Truist Ventures is investing in its Early Growth Fintech Fund as a limited partner. The fund is targeting $100M and will invest in early growth-stage startups with a focus on diverse teams.
Yahoo Finance: Gen Digital beat second-quarter revenue estimates as rising digital threats and hacks drove stable demand for its cybersecurity products, sending the company's shares more than 3% higher before the bell.
Dark Reading: Back in July, the Securities and Exchange Commission (SEC) adopted a rule "requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance."
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