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Industry News: ESG5

    Quantum Computing to Spark ‘Cybersecurity Armageddon,’ IBM Says

    2024-01-17

    BNN Bloomberg: Governments and businesses are not prepared for the havoc quantum computers will sow in cybersecurity by the end of the decade, according to an International Business Machines Corp. executive.  

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    How Blockchain Revolutionizes Data Integrity And Cybersecurity

    2024-01-17

    Forbes: In the current digital landscape, data integrity and security have taken center stage, especially as businesses and institutions continue to depend on digital data. 

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    Allianz Risk Barometer: A Cyber Event Is the Top Global Business Risk for 2024

    2024-01-16

    Business Wire: Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer. 

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    Thomvest Ventures Closes $250 Million Fund To Invest Across Fintech, Cybersecurity, AI

    2024-01-16

    TechCrunch: Thomvest Ventures is popping into 2024 with a new $250 million fund and the promotion of Umesh Padval and Nima Wedlake to the role of managing directors.

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    Know Your Breach: HMG Healthcare

    The Target: HMG Healthcare is headquartered in The Woodlands, Texas, and provides a range of services, including memory care, rehabilitation and assisted living. HMG’s website says it employs more than 4,100 people and serves approximately 3,500 patients, generating more than $150 million in annual revenues.

    The Take: HMG said the stolen information “likely contained” personal information, including names, dates of birth, contact information, Social Security numbers and records related to employment; as well as medical records, general health information and information regarding medical treatment, according to the notice.

    The Vector: In a notice published on its website, HMG chief executive Derek Prince confirmed that hackers in August accessed a server storing “unencrypted files” containing sensitive information belonging to patients, employees, and their dependents. HMG said it learned of the breach months later in November.

    As phishing actors continue to explore every potential abuse opportunity on legitimate service providers, novel security gaps constantly threaten to expose users to severe risks. It is essential not to rely solely on email protection solutions, and also scrutinize every email that lands on your inbox, look for inconsistencies, and double-check all claims made in those messages.

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    Canada Will Use Letter Grades To Assess Companies' Cyber Resilience

    2024-01-11

    BNN Bloomberg: The Canadian government is joining forces with the cybersecurity ratings firm SecurityScorecard Inc. to bolster defenses for the country’s critical infrastructure.

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    Cybersecurity Funding Dropped 40% in 2023: Analysis

    2024-01-09

    SecurityWeek: Pinpoint’s 2023 annual cybersecurity funding report shows that there were a total of 437 funding and M&A transactions last year, including 346 funding rounds and 91 M&A deals. 

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    SEC Account Hack Renews Spotlight on X's Security Concerns

    2024-01-09

    US News: The hack of the U.S. Securities and Exchange Commission's official account on X renewed concerns about the social media platform's security since its takeover by billionaire Elon Musk in 2022.

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    AI Advances Risk Facilitating Cyber Crime, Top US Officials Say

    2024-01-09

    Yahoo News: Advances in artificial intelligence may facilitate hacking, scamming and money laundering by reducing the technical know-how required to carry out such crimes, top U.S. law enforcement and intelligence officials said 

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    AI Set To Drive VCs To Cybersecurity Investments

    2024-01-08

    Mint: Venture capital investors are scaling their cyber security investments on the back of advancements in artificial intelligence (AI) and rising instances of data security breaches.  

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