.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line).png "CH Diligence (thicker line).png")
Yahoo Finance: Private equity investors have piled $4.7 billion into European cybersecurity companies so far this year, putting deal value on course to outperform 2022, when the total reached $7.6 billion.
Dark Reading: With the emergence of generative models, and large language models (LLMs) in particular, and the meteoric rise in the popularity of ChatGPT, there once again are calls for more security regulation.
Yahoo Finance: Amid the crypto industry's myriad obstacles, hacks still rank at the top of the list. Despite the bear market, last year saw a historic spike, with nearly $4 billion stolen by cybercriminals, according to the analytics firm Chainalysis.
Forbes: We live in an age in which technology promises to shape the future. The near-constant flow of innovation makes it challenging for many business leaders to keep up.
The Target: American retail chain Hot Topic.
The Take: A threat actor obtained the valid account credentials for Hot Topic Rewards accounts from an unknown third party.
The Vector: The series of breaches that occurred between Feb. 7 and June 21 was the result of automated credential stuffing attacks against the company’s website and mobile application.
This breach is a reminder of how authentication controls are an important part of 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.
Security Week: The five key risk areas are misconfigurations, external-facing vulnerabilities, weaponized vulnerabilities, malware inside a cloud environment, and remediation lag (that is, delays in patching).
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.
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