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Industry News: ESG5

    The Role of Cybersecurity in Attracting Venture Capital for Tech Startups

    2023-11-28

    CXOtoday: Cybersecurity is an integral part of Industry 4.0. In the current era of fast technological advancements and innovations, cybersecurity is the key to continued success and business longevity.

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    How AI Is Transforming Cybersecurity Amid Regulatory Overhaul

    2023-11-27

    Yahoo Finance: Artificial intelligence and automation are reshaping the digital defense landscape. Companies are engaged in a relentless race to outpace cyber threats, with the effectiveness of their cybersecurity systems playing a pivotal role in determining market success moving forward.

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    Know Your Breach: AutoZone

    The Target: AutoZone is the leading retailer and distributor of automotive spare parts and accessories in the U.S., operating 7,140 shops in the country and also in Brazil, Mexico, and Puerto Rico.

    The Take: The data leaked by the cybercriminals is roughly 1.1GB in size, containing employee names, email addresses, parts supply details, tax information, payroll documents, Oracle database files, data about stores, production and sales information, and more. No customer data appears in the leaked files.

    The Vector: AutoZone became aware that an unauthorized third party exploited a vulnerability associated with MOVEit and exfiltrated certain data from an AutoZone system that supports the MOVEit application. More specifically, on or about August 15, 2023, AutoZone determined that the exploitation of the vulnerability in the MOVEit application had resulted in the exfiltration of certain data.

    This breach is critical reminder that zero-day exploits do happen, and furthermore that patching software in a timely, effective manner is a key component of ensuring customer data is protected. Ensuring third-party vendors are deploying patches and fixes in accordance with a firm’s cybersecurity policy is an important step in an overall robust security posture.

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    Fidelity National Financial Shuts Down Network in Wake of Cybersecurity Incident

    2023-11-22

    TechCrunch: Fidelity National Financial, or FNF, a Fortune 500 company that provides title insurance and settlement services for the mortgage and real estate industries, announced that it was the victim of a “cybersecurity incident that impacted certain FNF systems.”

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    CFOs Must Boost Their Cybersecurity Savvy, Former FBI Agent Says

    2023-11-21

    CFO: New Securities and Exchange Commission (SEC) rules requiring the disclosure of processes for identifying material cyber risks — and management’s role and expertise in assessing and managing the risks — may require CFOs to hit the books.

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    Airbus and Deutsche Telekom Back Tighter EU Cybersecurity Rules

    2023-11-21

    Investing.com: European companies, including Airbus SE and Deutsche Telekom AG, have endorsed the European Union Agency for Cybersecurity's (ENISA) proposal for stricter cybersecurity regulations.

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    Australia Unveils Cybersecurity Ramp Up After Port Cyberattack

    2023-11-21

    Yahoo Finance: Australia will undertake an economy-wide revamp of its cybersecurity protections including revised data laws, mandatory reporting and a new nationwide cyber council in response to several significant hacks targeting businesses and infrastructure over the past year.

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    The Good, The Bad And The Reality: The Impact Of AI On Cybersecurity

    2023-11-20

    Forbes: If you take a look at the headlines surrounding the impact of artificial intelligence (AI) on cybersecurity, there are two dominant themes.

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    Cybersecurity Firm Executive Pleads Guilty To Hacking Hospitals

    2023-11-20

    Bleeping Computer: The former chief operating officer of a cybersecurity company has pleaded guilty to hacking two hospitals, part of the Gwinnett Medical Center (GMC), in June 2021 to boost his company's business.

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    Ukraine Fires Top Cybersecurity Officials

    2023-11-20

    TechCrunch: The Ukrainian government has fired two of its most senior cybersecurity officials following accusations of alleged embezzlement.

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