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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."
TechCrunch: Palo Alto Networks has just confirmed one more major piece of security startup M&A out of Israel: It has acquired Talon Cyber Security, a specialist in building enterprise browsers for securing distributed workforces sources.
Yahoo Finance: Electronics makers Siemens, Ericsson and Schneider Electric, along with industry group DigitalEurope warned that onerous proposed EU rules targeting cybersecurity risks of smart devices could disrupt supply chains on a scale similar to during the pandemic.
The Target: The popular optimization app CCleaner
The Take: The hackers took names, contact information and information about the products that were purchased.
The Vector: The hackers exploited a vulnerability in the widely used MOVEit file transfer tool, which is used by thousands of organizations, including CCleaner, to move large sets of sensitive data over the internet.
This breach is a stark reminder of how authentication controls are in an overall robust cybersecurity posture, and more critically, ensuring these controls are in place on all third-party vendors which have access to a firm’s data.
BNN Bloomberg: Saudi Aramco’s venture capital arm has invested in SpiderSilk, a United Arab Emirates-based startup that offers AI-powered cybersecurity services.
Mondaq: The cybersecurity sector is projected to experience 10% CAGR over the next 3 years, fueled by the increasing volume and complexity of cyber threats.
Forbes: The security landscape integrates various models, ideologies and best solutions for team development. Corporations and multiple institutions face challenges when attempting to structure and design functional cybersecurity teams.
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