.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
CNBC: Information Technology firm SolarWinds, which was targeted by a Russian-backed hacking group in one of the worst cyber-espionage incidents in U.S. history in 2019, committed fraud and failed to maintain adequate internal controls for years prior to the hack, the Securities and Exchange Commission alleged in a lawsuit.
CSO: Artificial intelligence continues to snare the technological limelight and, rightly so as we move well into the final quarter of 2023, there is wide international interest in harnessing the power of AI.
TechCrunch: The U.S. government and dozens of foreign allies have pledged never to pay ransom demands in a bid to discourage financially motivated hackers and ransomware gangs profiteering from cyberattacks.
Bleeping Computer: The U.S. Federal Trade Commission (FTC) has amended the Safeguards Rules, mandating that all non-banking financial institutions report data breach incidents within 30 days.
The Target: Japanese electronics manufacturer Casio.
The Take: The exposed data includes customer names, email addresses, countries of residence, service usage details, and purchase information such as payment methods, license codes, and order specifics.
The Vector: Casio detected the incident on Wednesday, October 11, 2023, following the failure of a ClassPad database within the company's development environment. Evidence suggests that the attacker accessed customers' personal information a day later, on October 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.
CSO: Whether a specific requirement or not, companies must either educate their board of directors in cybersecurity and risk management or look to recruit directors with specific cybersecurity experience to improve organizations response and decision-making.
Business Wire: The focus of this next vintage will be on seizing European opportunities and supporting companies with significant global B2B scalability potential. It aims to invest ticket sizes ranging from €10 million to €50 million, including reinvestments, thus offering the potential for substantial backing to companies poised to redefine the cybersecurity landscape.
Bleeping Computer: Ransomware activity in September reached unprecedented levels following a relative lull in August that was still way above regular standards for summer months.
TechCrunch: Investments in cybersecurity companies are beginning to turn a corner, seemingly. After a brutal summer, VC funding to security startups saw a slight (12%) uptick from Q3, according to Crunchbase — reaching nearly $1.9 billion compared to $1.7 billion in the second quarter.
The Guardian: Microsoft says it will invest an additional $5 billion in Australia over the next two years to expand hyperscale cloud computing capacity while collaborating with the Australian Signals Directorate (ASD) to boost domestic protection from cyber threats.
Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →
Montreal
1080 Côte du Beaver Hall, Suite 904
Montreal, QC
Canada, H2Z 1S8
+1-450-465-8880
Halifax
168 Hobsons Lake Drive Suite 301
Beechville, NS
Canada, B3S 0G4
Tel: +1 902 429 8880
Manila
10th Floor, Two Ecom Center
Mall of Asia Complex
Harbor Dr, Pasay, 1300 Metro Manila
Philippines
Sydney
Level 15 Grosvenor Place
225 George Street, Sydney NSW 2000
Australia
Tel: +61 (2) 8823 3370
Abu Dhabi
Floor No. 15 Al Sarab Tower,
Adgm Square,
Al Maryah Island, Abu Dhabi, UAE
Tel: +971 (2) 694 8510
Prague
V Parku 8, 148 00 Praha 11,
Czech Republic
Copyright © 2021 Entreprise Castle Hall Alternatives, Inc. All Rights Reserved.
Terms of Service and Privacy Policy