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Channel Futures: Cybersecurity vendor funding fell last month, continuing a decline during the second quarter compared to the year-ago quarter. That’s according to Pinpoint Search Group. It releases monthly reports on cybersecurity vendor funding and M&A.
ZD Net: Some 110.8 million user accounts were breached in the second quarter of 2023, with the US accounting for almost 45% of the global figure. Worldwide, data breaches grew 2.6 times compared to the first quarter, with an average of 855 accounts leaked every minute in the second quarter.
Venture Beat: Cybersecurity startup Jericho Security announced it has raised $3 million in pre-seed funding to build solutions using artificial intelligence (AI) to combat increasingly sophisticated phishing attacks generated by AI systems.
Help Net Security: 78% of Europe’s largest financial institutions experienced a third-party breach in the past year, according to SecurityScorecard. In the wake of attacks such as MOVEit and SolarWinds, cybersecurity regulations are increasing the need for comprehensive approaches to manage vendor risk and ensure compliance.
PYMNTS: Bankrupt crypto lender Voyager Digital Holdings has reported a possible breach, revealing the difficulties of protecting customers from online scammers.
The Target: Government services provider Maximus and 513 organizations impacted by the MOVEit hack.
The Take: According to Maximus, the attackers stole files containing personal information and protected health information, including Social Security numbers, “of at least 8 to 11 million individuals”.
The Vector: Disclosed at the end of May, the attack involved the exploitation of a zero-day vulnerability in the MOVEit Transfer managed file transfer (MFT) software, allowing cybercriminals to tap into the data transferred through the service.
A zero-day vulnerability is a vulnerability in a system or device that has been disclosed but is not yet patched. This breach is a reminder of how regular vendor assessments are a key component in cybersecurity. The 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.
Silicon Angle: Venture capital cash inflows in technology often happen in high-innovation areas. Given the expanding threat surface and financial incentive for attackers, cybersecurity is attracting a lot of that cash.
Business Wire: Absolute Software™, the only provider of self-healing, intelligent security solutions, today announced the successful completion of its acquisition by an affiliate of Crosspoint Capital Partners, LP, a leading private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets.
Business Wire: SecurityScorecard today announced the release of a new report on the Digital Operational Resilience Act (DORA). The report analyzes 240 of the largest financial institutions in the European Union that must comply with the Digital Operational Resilience Act (DORA) by January 2025.
CNBC: The Securities and Exchange Commission wants corporate America to tell investors more about cybersecurity breaches and what’s being done to fight them. Much more.
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